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LED Driver Market Trends and Forecast

The future of the global LED driver market looks attractive with opportunities in the residential, commercial, industrial, backlight, and automotive lighting sector. The global LED driver market is expected to reach an estimated $43.6 billion by 2030 with a CAGR of 15.7% from 2024 to 2030. The major drivers for this market are increasing building and construction activities, favorable government regulation for energy efficiency, and increasing adoption of LED lightings in emerging countries.