Dimmers Market Analysis
Market Research Future (MRFR) presumes the global dimmers market size to reach USD 29.81 Billion at a CAGR of 16.6% from 2020 to 2027 (forecast period).
Multiple Factors to Bolster Market Growth
Over the last few years, the dimmers market has shown considerable growth in unit shipments. The potential rise of intelligent lighting systems for sustainability and well-being, as well as government initiatives for smart cities and smart homes in European countries, are important factors leading to the growth of the dimmers market. Furthermore, increased demand for energy-efficient lighting, cost savings, and the development of Internet of Things (IoT) technology to construct smart, sustainable, and connected lighting systems have resulted in the growing use of dimmers and controllers across a variety of end-users. Furthermore, lighting controls efficiently meet the pressing needs of commercial space owners to stay up to date with the latest lighting technology.
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Market Segmentation
The global dimmers market has been segmented based on type, control, product, connectivity, application, and region.
By type, the global 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 global market has been segmented into single-pole dimming, three-way dimming, and others.
By product, the global market has been segmented into slide, rotary, toggle, touch, tabletop, and others.
By connectivity, the global market has been segmented into wired dimmers and wireless dimmers.
By application, the global market has been segmented into residential, commercial, and industrial.
Regional Analysis
Europe to Dominate the Global Market
In 2018, Europe dominated the dimmers market among the major regions. Governments in different European nations have launched smart city initiatives to provide cities and municipalities with unparalleled growth potential, using emerging technologies to create advanced, connected, and secure solutions.
Key Players
The key players in the global dimmers market are recognized across all the major regions based on their country of origin, presence, new 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).
Competitive Landscape
The presence of various global vendors distinguishes the global dimmers market. The rivalry for market shares among the existing players is fierce. Cost, quality, accuracy, and dependability of products are some of the factors that enable vendors to thrive in a highly competitive industry. Furthermore, technical improvements for dimmer adoption are projected to drive the dimmers market throughout the forecast period.
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