“United States Step-Down (Buck) LED Drivers market” was valued at US$ 294.6 million in 2024 and is projected to reach US$ 412.3 million by 2030, at a CAGR of 5.8% during the forecast period 2024-2030.
Specialized power management ICs for reducing voltage to drive LED arrays efficiently.
Growing demand in commercial and residential LED lighting applications. Increasing focus on energy efficiency and smart lighting systems. Technological improvements enhancing dimming capabilities and power factor correction.
This report contains market size and forecasts of Step-Down (Buck) LED Drivers in United States, including the following market information:
• United States Step-Down (Buck) LED Drivers Market Revenue, 2019-2024, 2024-2030, ($ millions)
• United States Step-Down (Buck) LED Drivers Market Sales, 2019-2024, 2024-2030,
• United States Top five Step-Down (Buck) LED Drivers companies in 2023 (%)
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Report Includes
This report presents an overview of United States market for Step-Down (Buck) LED Drivers , sales, revenue and price. Analyses of the United States market trends, with historic market revenue/sales data for 2019 – 2023, estimates for 2024, and projections of CAGR through 2030.
This report focuses on the Step-Down (Buck) LED Drivers sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the United States Step-Down (Buck) LED Drivers market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.
This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.
Segment by Type
• Max DC Voltage Range?30V
• Max DC Voltage Range?30V
Segment by Applications
• Non-woven Advertising Lights
• Landscape Lamp
• Reading Lights in the Car
• Others
Key Companies covered in this report:
• Texas Instruments
• Analog Devices
• ON Semiconductor
• Maxim Integrated
• Monolithic Power Systems
• Microchip Technology
• Infineon Technologies
• Richtek Technology Corporation
• Silicon Labs
• Diodes Incorporated
Including or excluding key companies relevant to your analysis.
Competitor Analysis
The report also provides analysis of leading market participants including:
• Key companies Step-Down (Buck) LED Drivers revenues in United Statesn market, 2019-2024 (Estimated), ($ millions)
• Key companies Step-Down (Buck) LED Drivers revenues share in United Statesn market, 2023 (%)
• Key companies Step-Down (Buck) LED Drivers sales in United Statesn market, 2019-2024 (Estimated),
• Key companies Step-Down (Buck) LED Drivers sales share in United Statesn market, 2023 (%)
1. Drivers
a. Growing Demand for Energy Efficiency
Energy efficiency has become a significant priority across industries, government policies, and households. Step-down (buck) LED drivers are key components in LED lighting systems, enabling effective power management and reducing energy consumption. With the shift toward energy-efficient lighting solutions, the demand for LED drivers in both residential and commercial settings has grown rapidly. The widespread adoption of LED technology, encouraged by regulations like the Energy Independence and Security Act, continues to push market growth.
b. Government Regulations and Incentives
Several government programs and policies promote the use of energy-efficient lighting systems. Incentives such as rebates and tax benefits for energy-saving appliances have boosted the adoption of LED lighting. Step-down LED drivers, which are crucial for maintaining the efficiency and functionality of LEDs, benefit directly from such policies. Furthermore, regulations that restrict the use of inefficient incandescent and fluorescent lighting are accelerating the shift toward LED systems.
c. Technological Advancements
The LED lighting market has seen substantial technological advancements, including smart lighting solutions and the Internet of Things (IoT)-enabled lighting systems. Step-down LED drivers play an integral role in these technologies by managing power conversion and ensuring optimal functionality of advanced lighting systems. Innovations in driver technology—such as compact designs, improved thermal management, and enhanced reliability—have driven the adoption of these products.
2. Restraints
a. High Initial Costs
While LED technology offers long-term savings due to reduced energy consumption and lower maintenance costs, the initial cost of installation can be higher than traditional lighting solutions. This upfront cost, including the price of step-down LED drivers, can be a barrier for some consumers and businesses, particularly small-to-medium enterprises (SMEs) and residential customers. The high initial investment may limit market growth in price-sensitive segments.
b. Complexity of Design and Compatibility Issues
Step-down LED drivers need to be compatible with a wide range of lighting systems, which can complicate their design and increase costs. Additionally, integrating them into existing infrastructures that use older lighting systems may present technical challenges, requiring specific configurations or modifications. This complexity can be a barrier to widespread adoption in retrofit applications.
c. Economic Uncertainty
Economic fluctuations, such as inflation, interest rate hikes, and potential recessions, can impact consumer spending and capital investment. In periods of economic downturn, businesses and consumers may delay upgrading to energy-efficient solutions like LED systems, affecting the demand for step-down drivers.
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3. Opportunities
a. Expansion of Smart Cities and Smart Lighting Solutions
The growing trend of smart cities and connected lighting solutions presents a significant opportunity for step-down LED drivers. As municipalities and corporations invest in IoT-based lighting systems, the demand for efficient and reliable LED drivers that can interface with smart grids, sensors, and automation platforms is set to rise. This opens up opportunities for manufacturers to develop specialized drivers that cater to smart applications.
b. Rising Demand in Commercial and Industrial Sectors
Commercial and industrial sectors are increasingly adopting LED lighting to reduce energy costs and comply with environmental regulations. Step-down LED drivers are essential components of these large-scale lighting systems. As industries continue to focus on sustainability and reducing operational costs, the market for LED drivers in these sectors is expected to see substantial growth.
c. Emerging Trends in Automotive Lighting
The automotive industry is adopting LED technology in headlights, taillights, and interior lighting systems. Step-down LED drivers are necessary for these applications to regulate voltage and ensure performance stability. As electric vehicles (EVs) gain popularity and the demand for energy-efficient automotive components increases, this represents a promising opportunity for growth in the step-down LED driver market.
4. Challenges
a. Intense Market Competition
The market for LED drivers, including step-down types, is highly competitive, with several established players and new entrants offering a wide range of products. To remain competitive, companies must continuously innovate and reduce production costs while maintaining high standards of quality and reliability. The price war between manufacturers can result in reduced profit margins and make it difficult for smaller players to survive.
b. Supply Chain Disruptions
The global electronics industry, including the LED driver market, has been affected by supply chain disruptions, including shortages of semiconductors and other key components. These disruptions can delay production and delivery, impacting market growth. Additionally, the reliance on overseas suppliers for certain raw materials and components can further exacerbate these issues.
c. Environmental Concerns Over E-Waste
Although LEDs and their drivers are more environmentally friendly than traditional lighting, they still contribute to electronic waste (e-waste) at the end of their life cycle. Growing concerns about the disposal and recycling of electronic products could lead to stricter regulations on manufacturers, increasing costs for compliance and sustainability efforts. The industry will need to focus on eco-friendly designs and recycling programs to address this challenge.
Key Indicators Analysed
• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• United Statesn Market Analysis: The report includes United Statesn market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Step-Down (Buck) LED Drivers Market
• Overview of the regional outlook of the Step-Down (Buck) LED Drivers Market
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
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• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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