Market Overview
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. These light controlling devices are getting famous because they reduce light intensity by modifying the bulb's voltage waveform. 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 COVID-19 pandemic has impacted the Dimmers Market Share; the industrial activities were shut down due to the lockdown effect. The manufacturing units were closed, and the production process was hampered. There was a huge revenue loss seen in the market’s growth, anyway despite the loss, and the chief players are implanting different marketing strategies to rebound the market's growth.
The Dimmers Market Revenue is estimated to reach USD 10.55 Billion in 2018 to USD 29.81 Billion by the end of the assessment period with a strong CAGR of 16.6%.
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Market Segmentation
The Dimmers Market is segmented into various categories by type, control, product, connectivity, and application. The market is classified into universal, incandescent/halogen, electronic low voltage (ELV), low magnetic voltage (MLV), high wattage dimmers, etc. The dimmers market is segmented into single-pole dimming, three-way dimming, and others in the control segment. The dimmers market is categorized into slide, rotary, toggle, touch, tabletop, and others based on product. 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.
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Industry News
The integration of loT technologies with lighting systems will benefit the Dimmers Market Growth in the future.
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