The dimmer and color tunable market was valued at $12.4 billion in 2021, and is projected to reach $27 billion by 2031, registering a CAGR of 8.47% from 2022 to 2031.
A dimmer is a device that is used to control the brightness of a light. It typically consists of a switch or knob that allows the user to adjust the amount of electrical current flowing to the light, which in turn adjusts the brightness of the light. Dimmers are often used in residential and commercial settings to create ambiance or to save energy by reducing the amount of light needed in a space. They can be used with any type of light, including incandescent, fluorescent, and LED lights. Dimmers come in various styles and can be installed in a variety of ways, such as being built into a wall switch or being plugged into a standard electrical outlet.
Color tunable lights are lights that can be adjusted to produce different colors of light. This is typically achieved by using a combination of different colors of LEDs, or by using filters to change the color of the light. Color tunable lights are often used in settings where the color of the light needs to be changed to match a particular mood or atmosphere, such as in stage lighting or in home theaters. They can also be used to help with tasks that require different colors of light, such as in photography studios or scientific laboratories. Some color tunable lights are also adjustable in terms of brightness, allowing the user to control both the color and intensity of the light. They are often controlled using a remote or a smartphone app, and may be part of a larger lighting system that allows for multiple lights to be controlled and synchronized.
The global dimmer and color tunable market is expected to grow significantly during the forecast period, owing to an increase in the use of smart lighting for energy conservation, the integration of dimmer and color tunable with other smart home devices, and the development of wireless voice-controlled dimmer and color tunables. Furthermore, technological advancements in the internet of things (IoT), home automation, and LED lighting in the dimmer and color tunable market are expected to provide lucrative opportunities for market growth during the forecast period. On the contrary, cost increases and incompatibility with existing lighting systems, as well as limited adoption of smart home technology and competition from other lighting controls, are some of the market restraints for dimmer and color tunable market.
The dimmer and color tunable market is segmented on the basis of product, type, application and region. On the basis of product, the market is divided into dimmer and color tunable. On the basis of type, the market is segregated into incandescent & halogen, fluorescent, light emitting diode (LED), and high intensity discharge (HID). On the basis of application, the market is divided into residential , commercial, and industrial. Region-wise, the Dimmer and color tunable Market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players that operate in the market include ACUITY BRANDS, INC., Cree Lighting, Eaton Corporation, Honeywell International Inc., Hubbell, Koninklijke Philips N.V, Legrand, Lite-Puter,Lutron Electronics Inc, and OSRAM GmbH.
A dimmer is a device that is used to control the brightness of a light. It typically consists of a switch or knob that allows the user to adjust the amount of electrical current flowing to the light, which in turn adjusts the brightness of the light. Dimmers are often used in residential and commercial settings to create ambiance or to save energy by reducing the amount of light needed in a space. They can be used with any type of light, including incandescent, fluorescent, and LED lights. Dimmers come in various styles and can be installed in a variety of ways, such as being built into a wall switch or being plugged into a standard electrical outlet.
Color tunable lights are lights that can be adjusted to produce different colors of light. This is typically achieved by using a combination of different colors of LEDs, or by using filters to change the color of the light. Color tunable lights are often used in settings where the color of the light needs to be changed to match a particular mood or atmosphere, such as in stage lighting or in home theaters. They can also be used to help with tasks that require different colors of light, such as in photography studios or scientific laboratories. Some color tunable lights are also adjustable in terms of brightness, allowing the user to control both the color and intensity of the light. They are often controlled using a remote or a smartphone app, and may be part of a larger lighting system that allows for multiple lights to be controlled and synchronized.
The global dimmer and color tunable market is expected to grow significantly during the forecast period, owing to an increase in the use of smart lighting for energy conservation, the integration of dimmer and color tunable with other smart home devices, and the development of wireless voice-controlled dimmer and color tunables. Furthermore, technological advancements in the internet of things (IoT), home automation, and LED lighting in the dimmer and color tunable market are expected to provide lucrative opportunities for market growth during the forecast period. On the contrary, cost increases and incompatibility with existing lighting systems, as well as limited adoption of smart home technology and competition from other lighting controls, are some of the market restraints for dimmer and color tunable market.
The dimmer and color tunable market is segmented on the basis of product, type, application and region. On the basis of product, the market is divided into dimmer and color tunable. On the basis of type, the market is segregated into incandescent & halogen, fluorescent, light emitting diode (LED), and high intensity discharge (HID). On the basis of application, the market is divided into residential , commercial, and industrial. Region-wise, the Dimmer and color tunable Market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players that operate in the market include ACUITY BRANDS, INC., Cree Lighting, Eaton Corporation, Honeywell International Inc., Hubbell, Koninklijke Philips N.V, Legrand, Lite-Puter,Lutron Electronics Inc, and OSRAM GmbH.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the dimmer and color tunable market analysis from 2021 to 2031 to identify the prevailing dimmer and color tunable market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the dimmer and color tunable market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global dimmer and color tunable market trends, key players, market segments, application areas, and market growth Strategies.
Key Market Segments
By Product
- Dimmer
- Color Tunable
By Application
- Commercial
- Residential
- Industrial
By Type
- Light-Emitting Diode (LED)
- High Intensity Discharge (HID)
- Incandescent and Halogen
- Fluorescent
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Acuity Brands, Inc.
- Cree Lighting
- Eaton Corporation
- Honeywell International Inc.
- Hubbell.Inc
- Koninklijke Philips N.V.
- legrand
- Lite-Puter
- Lutron Electronics Inc
- OSRAM GmbH.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DIMMER AND COLOR TUNABLE MARKET, BY PRODUCT
CHAPTER 5: DIMMER AND COLOR TUNABLE MARKET, BY TYPE
CHAPTER 6: DIMMER AND COLOR TUNABLE MARKET, BY APPLICATION
CHAPTER 7: DIMMER AND COLOR TUNABLE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, 'Dimmer and Color Tunable Market,' the dimmer and color tunable market was valued at $12.4 billion in 2021, and is estimated to reach $27 billion by 2031, growing at a CAGR of 8.5% from 2022 to 2031.Dimmer switches and color tunable lighting systems allow users to adjust the brightness and color temperature of their lighting. Dimmer switches are commonly used to control the brightness of incandescent, halogen, and some types of LED lighting. Color tunable systems can be used to adjust the color temperature of LED lighting, allowing users to choose from a range of colors that can range from warm white to cool white. These types of lighting control systems can be used in a variety of settings, including residential, commercial, and industrial environments. In recent years, there has been an increase in demand for energy-efficient lighting solutions, and dimmer switches and color tunable systems are one way to reduce energy consumption and save on energy costs. It is possible that the market for these types of lighting control systems may continue to grow in the future as more people become aware of their benefits.
Key factors driving the growth of the Dimmer and color tunable market include The overall expansion of the dimmers industry is anticipated to be stimulated by the potential advantages of dimmers, such as energy conservation, illumination customisation, improved security, and simple installation. The development of smart cities and infrastructure upgrades for key end-user industries including restaurants, housing, and other important ones are boosting the dimmer and color tunable industry's overall growth. Furthermore, in agriculture, dimmer and color tunable lights have been shown to improve plant growth and yield by providing the specific light spectrum that plants need at different stages of growth. In addition, government regulations and laws mandating energy efficiency and environmentally friendly practices have helped to drive the adoption of dimmer and color tunable lights in some regions.
The market also offers growth opportunities to the key players in the market. As technology continues to advance, there may be opportunities to develop new and improved dimmer switches and color tunable lighting systems that offer additional features or benefits. There may be opportunities to sell dimmer switches and color tunable lighting systems in markets where they are not yet widely available. As more people become aware of the benefits of energy-efficient lighting, there may be opportunities to offer products that help consumers reduce their energy consumption and save on energy costs. Increased opportunities in other industries such as gym, spa, and other wellness centers, galleries and museums, educational institutions and others where dimmer and color tunable lights can be used to create a specific ambiance and improve the overall experience. The integration of dimmer and color tunable lights with smart home and IoT systems can create new opportunities for automation, remote control, and energy management.
The global Dimmer and color tunable market is segmented on the basis of product, type, application and region. On the basis of product, the market is divided into dimmer and color tunable. Based on type, the market is segregated into incandescent & halogen, fluorescent, light emitting diode (LED), and high intensity discharge (HID). On the basis of application, the market is divided residential, commercial, and industrial.
Region-wise, the Dimmer and color tunable market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific and North America remains a significant participant in the dimmer and color tunable market.
Competitive analysis and profiles of the major global Dimmer and color tunable market players that have been provided in the report include ACUITY BRANDS, INC., Cree Lighting, Eaton Corporation, Honeywell International Inc., Hubbell, Koninklijke Philips N.V, Legrand, Lite-Puter,Lutron Electronics Inc, and OSRAM GmbH.
Key Market Insights
The dimmer segment was the highest revenue contributor to the market, with $6,292.13 million in 2021, and is estimated to reach $12,985.53 million by 2031, with a CAGR of 7.88%.The color tunable segment is estimated to reach $13,975.74 million by 2031, at a significant CAGR of 9.05% during the forecast period.
The light-emitting diode (led) and fluorescent segments collectively accounted for around 55.64% market share in 2021.
The industrial and residential segments collectively accounted for around 78.81% market share in 2021.
Asia-Pacific and North America collectively accounted for around 63.79% share in 2021.
Dimmer and color tunable lights can help to reduce energy consumption and costs in any industry.
Dimmer and color tunable lights can be controlled by a variety of means, such as a manual switch, a smartphone, a tablet, a smart home assistant, or a specialized control system.
Dimmer and color tunable lights are becoming more popular, as they are becoming more affordable and easy to install.
Companies Mentioned
- Acuity Brands, Inc.
- Cree Lighting
- Eaton Corporation
- Honeywell International Inc.
- Hubbell.Inc
- Koninklijke Philips N.V.
- legrand
- Lite-Puter
- Lutron Electronics Inc
- OSRAM GmbH.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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