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Market Leadership: LED Driver Market for Lighting
LED drivers for lighting applications provide current and voltage-regulated power input to the LED light sources. With the rapid adoption of this technology, the market is expected to witness growth in various applications such as outdoor & traffic lighting, industrial lighting, and residential lighting among others. The increasing demand for energy-efficient lighting systems is expected to drive the market in the APAC region.
Currently, there are a number of contracts, partnerships, agreements, and mergers & acquisitions in the LED drivers market for lighting worldwide. The market is at its growth phase, and the companies are focused on introducing new products. However, lack of awareness regarding installation of LED drivers is hindering the growth of this market. The market for LED drivers for lighting is expected to grow further in the future with the development of wireless technologies and programmable LED drivers.
Osram (Germany) is one of the leading lighting systems manufacturers and is ranked second in the LED driver market for driver modules. Its strategy for LED driver for lighting has been to introduce a new range of LED driver and related components, for instance, in 2014, it launched PrevaLED Flat AC, a compact light engine which can be used in wide areas of applications such as garage lighting, stairways and corridor lighting for functions such as dimming and presence control.
Texas Instruments (U.S.) has been ranked first among driver IC makers for LED lighting. Texas Instruments (U.S.) is a leading semiconductor component manufacturer and its strategy for the LED driver market was launching new products, for example, in 2012, it launched an AC/DC LED driver which can be used for drivers operating for different types of retrofit bulbs, including A-type and PAR30/38 bulbs.
Maxim Integrated (U.S.) is ranked second among driver IC makers for LED lighting. It is a manufacturer of linear and mixed signal ICs for LED lighting drivers. Its strategy was mostly focused around onboarding new partners in its supply chain, for example, in 2015, it entered into an alliance with China Electronic Appliance Shenzhen Ltd. (China) for distribution in China. In 2013, it acquired Volterra Semiconductor Corp. (U.S.) to boost its manufacturing capability.
LED Driver Market for Lighting, by Driving Method (Constant Current and Constant Voltage), Luminaire Type (A-Type, T-Lamps, Reflectors, Integral Modules), Components (Driver IC and Discrete), End User Application, and Geography - Global Forecasts to 2022
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