Programmable LED Drivers Market Analysis

The global programmable LED drivers market is segmented and analyzed for demand and supply by driver type into constant current LED drivers and constant voltage LED drivers. Out of these segments, constant voltage LED drivers segment is anticipated to garner the largest revenue by the end of 2037, backed by the growing number of hotels using LEDs and curb the carbon emission level worldwide. For instance, the hotel industry is expected to reduce carbon emissions by 66% and 90% by 2030 and 2050, respectively, in order to keep global warming below the 2°C threshold agreed upon in the 2016 Paris Agreement. To produce the same amount of light, LED lighting consumes ~40% less power than fluorescents, and 80% less power than incandescent bulbs.

Our in-depth analysis of the global programmable LED drivers market includes the following segments: