Global Programmable LED Drivers Industry - Regional Synopsis
North America industry is expected to account for largest revenue share by 2037, 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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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of programmable LED drivers is assessed at USD 17.94 billion.
Programmable LED Drivers Market size was over USD 14.63 billion in 2024 and is projected to reach USD 313.97 billion by 2037, growing at around 26.6% CAGR during the forecast period i.e., between 2025-2037.
North America industry is expected to account for largest revenue share by 2037, 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.
