LED Driver IC Market Size to Reach USD 16.05 Billion by 2032, Driven by Rising Demand for Energy-Efficient Lighting Solutions | Research by S&S Insider [Yahoo! Finance]
Texas Instruments Incorporated (TXN)
Last texas instruments incorporated earnings: 4/21 04:01 pm
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Source: Yahoo! Finance
Austin, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Market Size & Growth Analysis: The S S Insider report indicates that “The LED Driver IC Market was valued at USD 3.79 Billion in 2023 and is projected to grow to USD 16.05 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.46% from 2024 to 2032 ” The LED Driver IC market has seen a notable increase in growth lately, driven by the rising need for energy-saving lighting options in residential, commercial, and industrial areas. One primary use of LED driver ICs is in the field of general lighting, covering a wide range of settings such as homes, offices, warehouses, and factories. Approximately 5.9 billion commercial buildings in the U.S. rely on different types of indoor lighting, where linear, low, and high bay fixtures use up to 91% of indoor lighting energy in commercial and industrial environments. Although LED technology has improved, fluorescent lighting still accounts for approximately 31% of lighting energy usage
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TXN
Earnings
- 10/22/24 - Beat
TXN
Sec Filings
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- TXN's page on the SEC website