LED Protection Devices Market- An Overview
A light-emitting diode (LED) is a semiconductor light source that transmits light when current flows through it. The destiny is growing brighter for lighting based on the light-emitting diode (LEDs). High brightness LEDs are presently being used in various lighting application, from outdoor display board and TV LED backlights of traffic signals and airport runway lighting. LEDs are easily broke devices. LED protection devices are designed as an electronic shunt which presents a current bypass in the case of an open circuit produced by a single LED failure. LED protection devices include protection from over-current, short circuit, over-voltage, electrostatic discharge, thermal, and electromagnetic interference to secure the reliability and safety of electrical equipment. The LED protection device control and reduce the electric load on devices such as industrial machinery, home appliances, and IT products & electrical tools.
The various technologies used in LED protection devices have developed over time, which continue to grow, applications for white and color high-brightness. LEDs are expanding into entirely new markets. There is two LED lighting system where LED protection device operated. At the one end of the LED circuit, the series of LEDs will need to protect from over-voltage due to the high-temperature situation. The other end of the LED circuit the AC rectifier will require to protect from over-current and over-voltage issues. The rise in the number of LEDs is propelling the growth of LED protection devices market.
LED Protection Devices Market- Dynamics
LED Protection Devices Market- Rapidly Growing of Advanced Technology
The LED technology has advanced rapidly, with improve chip designs. The materials are facilitating the development of long-lasting and brighter light source that can be used in a full spectrum of applications. Different LED protection devices technologies include TVS diodes, fuses, LED protectors, and Metal-oxide varistors (MOVs). The Internet of Things (IoT) and automotive electronics industries are the primary factor that is increasing the growth of LED protection device market. IoT technology is anticipated to have an exponential impact on LED protection device market, and its application is expected to extend into different fields.
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LED Protection Devices Market- Rising Demand for Surge Protection Device in the Market
Surge protection modules and devices are intended to protect from transient voltage. The surge protection devices use for commercial and outdoor LED lighting fixture to protect the device from damage. The surge protection device has a higher nominal and total discharge current protection. Increasing attention to protect these expensive devices from transient voltage is expected to activate the demand for surge protection devices during the forecast period.
LED Protection Devices Market- Demand for LED protection devices in China & Japan
On the basis of geography, North America is expected to capture the significant market share in LED protection devices market owing to the presence of various key LED protection devices provider in the region and due to the early adoption of advanced technologies in countries of this region. The US is the major market for construction and building, which is fuelling the growth of the LED protection devices market. The demand for LED protection devices in Japan and China are expected to register high growth rates during the forecast period in the LED protection devices market due to the growing predisposition towards smart building infrastructure and rising rapid technologies advancements in countries.
LED Protection Devices Market- Segmentation
By Devices, the LED protection devices market has been segmented into
- Surge protection devices
- Shunt protection devices
- Bypass protection devices
- Circuit breakers
By Packaging, the LED protection devices market has been segmented into
- Cut tape
By End Users, the LED protection devices market has been segmented into
- Commercial Use
- Industrial Use
- Residential Use
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global LED protection devices market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with LED protection devices market attractiveness as per segments. The report on LED protection devices market also maps the qualitative impact of various factors on LED protection devices market segments and geographies.