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LED Lighting Market Share & Growth Will Increase $54.28 Billion by 2022: Zion Market Research
Light-emitting diodes (LEDs) are lighting sources for general lighting applications with ten times as efficient as compared to incandescent lighting. Such attribute combined with their long working life and reliability has made them the suitable choice for next generation of lighting systems including emergency, backlight, automotive, indoor and outdoor. To ensure accurate operation and to control the light intensity, LEDs need an efficient driver, normally implemented by power electronics-based conversion stages to match the LED characteristics with the AC grid voltage and to generate a controllable and high-quality light. LED Lighting Market Share & Growth Will Increase $54.28 Billion by 2022: Zion Market Research