Technology News & Trends

According to a new market report published by Transparency Market Research titled “LED Lighting Driver Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026,” the global LED lighting market is expected to reach a value of US$ 23,522.3 Mn by 2026. In terms of value, the market is estimated to expand at a CAGR of 16.9% during the forecast period from 2018 to 2026. In terms of volume, the market stood at around 252.5 million units in 2017. The Asia Pacific LED lighting market is projected to have the highest growth during the forecast period. The market witnessed considerable growth due to increased urbanization and modernization initiatives coupled with installation of energy efficient lighting systems. Browse The Report:  https://www.transparencymarketresearch.com/led-lighting-driver-market.html The LED lighting driver market is influenced by increased penetration of LED lighting products. LED lighting systems are gaining popularity beca...

According to a new market report published by Transparency Market Research titled  “LED Lighting Driver Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026,”  the  global LED lighting market  is expected to reach a value of US$ 23,522.3 Mn by 2026. In terms of value, the market is estimated to expand at a CAGR of 16.9% during the forecast period from 2018 to 2026. In terms of volume, the market stood at around 252.5 million units in 2017. Moreover, government initiatives in increasing awareness about using energy efficient and cost saving lighting systems is anticipated to be a growth factor for the LED lighting driver market. However, one of the main challenges impacting the growth of the LED lighting driver market is high initial setup cost which may prove to be a restraint in many developing countries in the short run. On the other hand, increasing use of miniaturized LED lighting drivers is one of the key opportunities fo...