Dimmers Market Share, is Set to Grow According to Latest Research
Market Research Future (MRFR) expects the dimmers market 2020 to touch a striking valuation of USD 29.81 billion by 2025-end. It is also projected that the market can possibly procure a CAGR of 16.6% between 2019 and 2025 (review period). We will provide covid-19 impact analysis with the report, offering an in-depth review following the coronavirus disease outbreak.
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Growth Inducers and Top Deterrents
Although the COVID-19 impact has been brutal on the intelligent lighting industry, the demand among consumers for energy-saving lighting systems has risen significantly, leading to better growth prospects for dimmers. The integration of IoT with lighting and the increasing adherence to standard regulations for lighting products also work in favor of the dimmers market. The market growth is also induced by the rapidly increasing urbanization worldwide combined with the introduction of modular dimmers.
Manufacturers are working on developing electrical switches that are not only energy-efficient but also need lesser maintenance. Also, the esthetically appeal of the dimmers is also paid attention to by the manufacturers, in order to draw in more number of consumers. This factor is supported by the increasing demand from smart cities as well as smart homes across the globe, which benefits the dimmers market to a large extent.
The accelerated demand for sustainable and energy-efficient lighting system, surge in Internet of Things (IoT) to design connected and smart lighting systems has boosted the adoption of dimmers among end-users. The increasing focus of the commercial space owners on being updated with the modern lighting technology is backed by the constant innovations in the lighting industry, and the constant efforts to cater to every need of the end-users remain the backbone of the dimmers market.
The Dimmers Market has been studied thoroughly by MRFR experts, who have considered the primary segments of type, control, product, connectivity and application for better comprehension.
The types of dimmers covered in the market research include high wattage dimmers, incandescent/halogen, universal, magnetic low voltage (MLV), electronic low voltage (ELV), and others.
Control-wise, the dimmers industry caters to three-way dimming, single-pole dimming, and others.
The products included in the study are tabletop, rotary, slide, touch, toggle, and others.
Connectivity-dependent market segmentation covers wired dimmers as well as wireless dimmers.
The applications of dimmers are commercial, industrial and residential.
The region-based categories in the dimmers market include Europe, South America, APAC or Asia Pacific, MEA or the Middle East & Africa along with North America.
In 2018, Europe was reported to be the most successful market for dimmers and it is projected to maintain its winning streak throughout the appraisal period. The mounting popularity of autotransformer dimmers in the region, especially in the entertainment sector has been a governing factor inducing the market growth. The presence of strict government regulations as well as norms to reduce errors that result from low maintenance of electronic products compels consumers in the region to install safe and durable dimmers at homes or other types of infrastructure.
APAC is another notable market for dimmers, with projections of it expanding at a significant pace in the coming years. High availability of affordable electrical switches has boosted their uptake in diverse applications like hospitality, residential and commercial buildings, and more. The rapidly blossoming construction industry in India and China can also favor the dimmers market, since new construction requires more advanced dimmers.
Hubbell Control Solutions (US), Lutron Electronics Inc (US), Acuity Brands Inc (US), Caribe Corporation (US), Signify (Philips Lighting) (Netherlands), OSRAM Licht AG (Germany), GE Lighting (US), ABB Limited (Sweden), Cooper Controls (Eaton) (Ireland), Gardasoft Vision Ltd (UK), Echelon Corporation (US), Cree Inc (US), Leviton Manufacturing Company Inc (US), LSI Industries Inc (US), are some of the top players operating in the dimmers industry worldwide.
Lithoss has added its latest KNX rotary sensor to its range of dimmer switches, which will help control, dim switch and blind the actuators, and also help adjust the temperature controller’s target value.
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