CAGR Value:
Constant Voltage Drivers Market size was valued at US$ 3.67 billion in 2024 and is projected to reach US$ 8.12 billion by 2032, at a CAGR of 12.2% during the forecast period 2025-2032
Report Studies
• The global Constant Voltage Drivers Market size was valued at US$ 3.67 billion in 2024 and is projected to reach US$ 8.12 billion by 2032, at a CAGR of 12.2% during the forecast period 2025-2032. The U.S. market accounted for 30% of global revenue in 2024, while China is expected to witness the highest growth rate of 8.2% CAGR through 2032.
• Constant voltage drivers are essential power regulation components that maintain a fixed output voltage regardless of load variations. These devices ensure stable operation of LED lighting systems, industrial equipment, and electronic devices by automatically adjusting current flow while maintaining consistent voltage levels. Key product variants include single-phase and threephase drivers, with single-phase models currently dominating over 65% of market share due to their widespread use in commercial lighting applications.
• The market is segmented based on type into: • Single Phase • Three Phase
• The market is segmented based on application into: • Power • Petrochemical
• Others
• Ningbo Addlux Electric (China)
• KEBO (China)
• Veroboard (Europe)
• Zhejiang Zhongdaoming Micro Technology (China)
• Shenzhen Innovator Electronic Limited (China)
