Programmable LED Drivers Market Share

  • Report ID: 4265
  • Published Date: Aug 14, 2024
  • Report Format: PDF, PPT

Programmable LED Drivers Market Share

Regionally, the global programmable LED drivers market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is expected to dominate majority revenue share by 2036, backed by increasing adoption of LEDs in common applications in the region. According to the U. S. Department of Energy, Office of Energy Efficiency and Renewable Energy statistics, from 2016 to 2018, approximately 2,325 million units LED products installations were recorded in various applications, uplifting LED penetration to 30% of all general illumination lighting in the United States.

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Author Credits:  Abhishek Verma


  • Report ID: 4265
  • Published Date: Aug 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of programmable LED drivers is estimated at USD 14.02 billion.

Programmable LED Drivers Market size was over USD 11.56 billion in 2023 and is poised to cross USD 248.08 billion by 2036, witnessing more than 26.6% CAGR during the forecast period i.e., between 2024-2036. Rising total consumption of electricity, upsurge in the demand for LED lightning products, increasing demand from automotive and building sectors will drive the market growth.

North America industry is expected to dominate majority revenue share by 2036, backed by increasing adoption of LEDs in common applications in the region.

The major players in the market are Inventronics Inc., Koninklijke Philips N.V., Fulham Company, Ltd., Sanghai Moons' Electric Co., Ltd., Enedo Plc, Endeavor Business Media, LLC, Hatch Lightning, Eaton Corporation plc, and others.
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