Dimmers Market Research Report: by Type (Universal, Incandescent/Halogen, Electronic Low Voltage (ELV), Magnetic Low Voltage (MLV), by Connectivity (Wired Dimmers, Wireless Dimmers), by Application (Residential, Commercial, Industrial) - Forecast till 2027
Pune, India - February 10, 2022 /MarketersMedia/ —
Dimmers Market Research Report- Forecast till 2027
Market Highlights
Dimmers are specially used to reduce the illuminating power of the light by reducing the intensity of the light. It may vary from small unit size light switches to high power units. The Dimmers Market Analysis is showing potential growth due to the high demand for intelligent lighting systems for better sustainability and well-being of today’s generation.
Considering the long-term impact of COVID-19, governments are striving to handle the situation by implementing favorable initiatives as well as policies such as financial packages, lower interest rate as well as exceptions in tax. Even as the world is struggling to find a COVID-19 breakthrough, the dimmers market can recover to some extent during the review period, given the mounting demand across the healthcare sector and other industries. Market Research Future (MRFR) expects the dimmers market 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.
The wide usage of potential lighting systems and the government initiatives to build smart buildings and develop smart cities boost the market growth. Even other major factors drive the Dimmers Market Size, such as the demand for energy-efficient lighting. The growth in the integration of loT technology is accelerating the use of dimmers, and the increased urbanization rate globally is another major growth factor of the market. The rise in demand for high energy-saving dimmers keeps concerned about the environmental issues in developing the market. The usage of smart lighting systems in smart buildings and residences to control the lighting systems is upgrading the market.
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.
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Segmentation:
The dimmer 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. While in the connectivity segment, the market has been classified into wired dimmers and wireless dimmers. In the application segment, the market has been fragmented into residential, commercial, and industrial. These major segments of the Dimmer's market contribute to developing the market's growth and help the market competition at the global level.
Regional Analysis:
The Global Dimmer’s Market is geographically distributed into different regions such as North America, Europe, Asia Pacific, the Middle East, and Africa and South America. Among these major regions, the European Market dominated the market in recent years, and it is considered to continue its growth in the upcoming years. Considerable growth to be noticed in the region of North America during the forecast period. Other countries such as China, India, and Brazil show potential growth, which will raise the market's economy at the global level.
Competitive Analysis
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.
Industry News
The integration of loT technologies with lighting systems will benefit the Dimmers Market Growth in the future.
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Dimmers Market Research Report: by Type (Universal, Incandescent/Halogen, Electronic Low Voltage (ELV), Magnetic Low Voltage (MLV), High Wattage Dimmers, Others), by Control (Single Pole Dimming, Three-Way Dimming, Others), by Product (Slide, Rotary, Toggle, Touch, Tabletop, Others), by Connectivity (Wired Dimmers, Wireless Dimmers), by Application (Residential, Commercial, Industrial) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027
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Contact Info:
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Organization: Market Research Future
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Website: https://www.marketresearchfuture.com/reports/dimmers-market-8334
Source: MarketersMedia
Release ID: 89063599
