Dimmer and Color Tunable Market

Dimmer And Color Tunable Market Research, 2031

The global dimmer and color tunable market was valued at $12.4 billion in 2021, and is projected to reach $27 billion by 2031, growing at a CAGR of 8.5% from 2022 to 2031.

Dimmer switches and color-tunable lightbulbs allows the user to adjust the brightness and color temperature of its lighting. Dimmer switches are installed in place of a standard light switch and allows the user to adjust the amount of electricity flowing to a light fixture, which in turn adjusts the brightness of the light. This can be useful for creating a cozy atmosphere, conserving energy, or extending the life of the  bulbs. Some dimmer switches are also compatible with LED bulbs, which can be more energy efficient and longer lasting than traditional incandescent bulbs.

Color-tunable lightbulbs allows the user to adjust the color temperature of the light they produce. Color temperature is measured in degrees Kelvin and is described as "warm" or "cool" light. Warm light, with a color temperature of around 2700K, is similar to the light produced by traditional incandescent bulbs and is often used for accent lighting or to create a cozy atmosphere. Cool light, with a color temperature of around 5000K, is similar to natural daylight and is often used for task lighting or to create a bright, energetic atmosphere. Color-tunable lightbulbs allows the user to adjust the color temperature to suit its needs and preferences.

The outbreak of COVID-19 has moderately impacted the growth of global dimmer and color tunable market in 2021, owing to a significant impact on prime players operating in the supply chain. However, technological advancements in internet of things (IoT), home automation and LED lighting in dimmer and color tunable market are expected to impact market growth favourably over the forecast period during the COVID-19 pandemic. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as a lack of skilled workforce availability and delay or cancelation of projects, owing to partial or complete lockdown globally. Furthermore, innovation of wireless voice-controlled dimmer and color tunable, has made dimmer and color tunable more efficient and cost-effective, which has helped to drive the market for these products.

There are a few different types of dimmer switches and color-tunable lightbulbs available on the market. Some options include:

• Mechanical dimmer switches: These are the most basic type of dimmer switch and work by mechanically interrupting the flow of electricity to the light fixture. They are relatively inexpensive, but may not be compatible with all types of bulbs.
• Electronic dimmer switches: These dimmer switches use electronic components to adjust the flow of electricity to the light fixture. They are more expensive than mechanical dimmer switches, but are generally more reliable and compatible with a wider range of bulbs.
• Remote-controlled dimmer switches: These dimmer switches can be controlled using a remote control, allowing the user to adjust the brightness of its lighting without having to physically touch the switch.
• Smart dimmer switches: These dimmer switches can be controlled using a smartphone app or voice assistant, allowing the user to adjust the brightness of its lighting remotely or using voice commands.
• Color-tunable bulbs: These bulbs allow the user to adjust the color temperature of the light they produce. Some options include bulbs that can be controlled using a smartphone app or voice assistant, allowing the user to adjust the color temperature remotely or using voice commands.
• Smart bulbs: These bulbs can be controlled using a smartphone app or voice assistant, allowing the user to adjust the brightness and color temperature of the light remotely or using voice commands. They are generally more expensive than other types of bulbs, but offer the most convenience and flexibility.

The global dimmer and color tunable market size is expected to witness notable growth during the forecast period, owing to increase in use of smart lighting for energy conservation, integration of dimmer and color tunable with other smart home devices, and innovation of wireless voice controlled dimmer and color tunables. Moreover, technological advancements in internet of things (IoT), home automation and LED lighting in dimmer and color tunable market is expected to provide lucrative opportunities for the growth of the dimmer and color tunable market share during the forecast period. On the contrary, increase in cost and no compatibility with existing light systems and Limited adoption of smart home technology and competition from other lighting controls are some of the restraints for dimmer and color tunable market growth during the forecast period.

The dimmer and color tunable market is segmented into Product, Application and Type.

On the basis of product, the market is divided into dimmer and color tunable. In 2021, the dimmer segment dominated the market, in terms of revenue, and color tunable segment will acquire major market share by 2031.

On the basis of application, the market is divided into residential, commercial, and industrial. In 2021, the industrial segment dominated the market, in terms of revenue, and residential segment is expected to grow at a significant CAGR from 2022 to 2031.

Based on type, the market is segregated into incandescent & halogen, fluorescent, light emitting diode (LED), and high intensity discharge (HID). The light emitting diode (LED) segment acquired the largest share in 2021 and is expected to grow at a significant CAGR from 2022 to 2031.

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). North America and Asia-Pacific remain significant participants in the dimmer and color tunable market.

Country Analysis

Country-wise, the Canada acquired a prime share in the dimmer and color tunable market forecast in the North American region and is expected to grow at a high CAGR of 8.83% during the forecast period of 2022-2031. The U.S., holds a dominant position in the dimmer and color tunable market, owing to the rise in investment by prime vendors to boost dimmer and color tunable solutions. 

In Europe, UK, dominated the dimmer and color tunable market outlook, in terms of revenue, in 2021 and is expected to follow the same trend during the forecast period. However, the Germany is expected to emerge as the fastest-growing country in Europe's dimmer and color tunable with a CAGR of 10.09%, owing to a significant development in the residential infrastructure, commercial, and other sectors in the country.

In Asia-Pacific, China is expected to emerge as a significant market for the dimmer and color tunable industry, owing to a significant rise in investment by prime players and government institutions to lighting solutions in the region to save burning of fossil fuels.

By LAMEA region, the Latin America country garner significant market share in 2021. The LAMEA dimmer and color tunable market has been witnessing improvement, owing to the growing inclination of companies towards research and development for enhanced connectivity in lighting solutions across this region. Moreover, the Middle East region is expected to grow at a high CAGR of 8.18% from 2022 to 2031.

Competitive analysis

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 Developments/ Strategies

ACUITY BRANDS, INC., Cree Lighting, Eaton Corporation, Honeywell International Inc., Hubbell, Koninklijke Philips N.V, Legrand, Lite-Puter,Lutron Electronics Inc, and OSRAM GmbH are the top  companies holding a prime share in the dimmer and color tunable market. Top market players have adopted various strategies, such as product launch, acquisition, innovation, partnership, and others to expand their foothold in the dimmer and color tunable market.

• In September 2019, Acuity Brands, Inc. sign an agreement to acquire all of the equity interests of The Luminaires Group (“TLG”), a leading provider of specification-grade luminaires for commercial, institutional, hospitality and municipal markets, all of which complements the Company’s current and dynamic lighting portfolio.
• In January 2020, General Electric Company, a producer of lighting goods recently unveiled new smart dimmers for use in domestic settings. Direct wireless network connections are possible with these dimmers.
• In November 2020, Cree Lighting expands its Connected Max Smart Home LED light bulbs at Lowe’s stores nationwide to provide customers everywhere with even more smart lighting options. Available in the light bulb aisle and on Lowes.com, customers can now purchase Connected Max Smart Home LED bulbs in all Lowe’s stores.
• In December 2020, Honeywell International partnership with signify the global renowned lighting brand to deploy the integration, smart lighting solution for its healthy building. the main purpose of the alliance is to improve occupant experiences, productivity and well being along with reducing the energy consumption.

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 opportunity.
• 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.

 Dimmer and Color Tunable Market Report Highlights