LED Driver Market Size Is Anticipated To Reach USD 30.8 Billion By 2030
San Francisco, 26 Aug 2022: The Report LED Driver Market Size, Share & Trends Analysis Report By Supply Type (Constant Voltage, Constant Current), By Application (Automotive, Consumer Electronics, Lighting), By Region, And Segment Forecasts, 2022 - 2030 The global LED driver market size is estimated to reach USD 30.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 23.5% from 2022 to 2030. LEDs have evolved as an energy-efficient alternative for conventional light sources during the last decade, and their use in lighting and display segments across industries is increasing. LED lighting equipment is increasingly replacing traditional lighting products due to a variety of advantages, including longer life, higher energy efficiency, better environmental friendliness, miniaturization, reduced heat output, and directionality. Furthermore, the increasing number of smart buildings and homes in developed countries is