MARKET OVERVIEW
A Low Power LED Lighting Driver is a vital electronic device that converts alternating current (AC) into direct current (DC) to power low-power LEDs. These drivers ensure consistent voltage or current supply, optimize energy usage, and enable smooth performance across residential, commercial, and industrial lighting applications, typically for LED systems under 25W.
MARKET SIZE & GROWTH
• The global Low Power LED Lighting Driver Market was valued at USD 5,974 million in 2023.
• It is projected to reach USD 9,392 million by 2030.
• The market is expected to grow at a CAGR of 6.8% during the forecast period.
