A new market study, “ Global Dimmers Market ” has been featured on Market Research Future.
The report encompasses the major developments within the Global Dimmers Market amidst the novel COVID-19 pandemic. The report offers a thorough understanding of the different aspects of the market that are likely to be feel the impact of the pandemic.
Related Link : https://www.marketwatch.com/press-release/dimmers-market-size-share-business-growth-applications-competitive-landscape-historical-analysis-and-forecast-2025-sars-cov-2-covid-19-analysis-2020-08-10?tesla=y
The Global Dimmers Market was valued at USD 10.55 billion in 2018; it is expected to reach USD 29.81 Billion by the end of the forecast period at a CAGR of 16.6%. Dimmers are used to reduce the illumination of light by dropping the intensity of the light output. Dimmers range from small unit size light switches to high-power units of constructive lighting installations. Dimmers are envisioned to switch light production from resistive incandescent, halogen, and CFLs, and LEDs. Dimmers are a part of lighting control systems, which is an intelligent network-based lighting control solution that enables centralized control of lights which communicates between system input and output with use of one or more central computing devices.
The dimmers market has seen tremendous growth in the unit shipments from the past couple of years. The major factor contributing to the growth of dimmers market include potential growth of intelligent lighting systems for sustainability and well-being and government initiatives for smart city and smart homes in European countries. Moreover, increase in demand for energy-efficient lighting, increased cost savings, growth of the Internet of Things (IoT) technology to design smart, sustainable, and connected lighting systems has led to the growing adoption of dimmers and controllers among various end-users. Furthermore, the pressing needs of the commercial space owners to remain updated with the latest lighting technology is effectively met by lighting controls. However, lack of awareness regarding the dimmers among the potential end-users restrains the market growth.
The global dimmers market has been segmented based on type, control, product, connectivity, application, and region.
By type, the dimmers market has been segmented into universal, incandescent/halogen, electronic low voltage (ELV), magnetic low voltage (MLV), high wattage dimmers, and others.
By control, the dimmers market has been segmented into single-pole dimming, three-way dimming, and others.
By product, the dimmers market has been segmented into slide, rotary, toggle, touch, tabletop, and others.
By connectivity, the dimmers market has been segmented into wired dimmers and wireless dimmers
By application, the dimmers market has been segmented into residential, commercial, and industrial
By region, the dimmers market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Globally, the dimmers market has been categorized into four regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Among the major regions, Europe dominated the dimmers market in 2018. Governments have undertaken smart city initiatives in various European countries to provide unprecedented growth potential for cities and municipalities, leveraging emerging technologies to offer advanced, connected, and secure solutions. Dimmers have seen considerable growth in North America and Europe on a larger front. However, countries such as China and India along with Brazil show high potential for investments with the rapidly increasing economy. Various investors across the globe are willing to invest in these countries. Smart homes and smart lighting control is recognized as a crucial element in smart city projects worldwide. According to a report published by the United Nations, 54% of the world’s population resides in cities which is predicted to increase with the advent of urbanization.
The global dimmers market is characterized by the presence of several global vendors. The competition among the existing players for shares in the market is highly intense. Cost, quality, accuracy, and reliability of products are some of the factors that help vendors to sustain in an intensely competitive market. Furthermore, technological advancements for the adoption of dimmers are expected to fuel the growth of the dimmers market during the forecast period. For instance, in 2018, Klaasen Lighting Design (KLD) entered into a partnership with Gooee Enterprise to provide internet connectivity for lighting solutions.
The key players in the dimmers market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Acuity Brands Inc (US), Hubbell Control Solutions (US), Signify (Philips Lighting) (Netherlands), Lutron Electronics Inc (US), Leviton Manufacturing Company Inc (US), OSRAM Licht AG (Germany), Cooper Controls (Eaton) (Ireland), ABB Limited (Sweden), Cree Inc (US), GE Lighting (US), LSI Industries Inc (US), Echelon Corporation (US), Caribe Corporation (US), and Gardasoft Vision Ltd (UK). These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 35–40% in the dimmers market.
More Information : https://www.marketresearchfuture.com/reports/dimmers-market-8334
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