Report Code: A09795 | Pages: 262 | ||
Tables: 130 | Charts: 57 |
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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:
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.
Dimmer and Color Tunable Market Report Highlights
Aspects | Details |
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Market Size By 2031 | USD 27 billion |
Growth Rate | CAGR of 8.5% |
Forecast period | 2021 - 2031 |
Report Pages | 262 |
By Type |
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By Product |
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By Application |
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By Region |
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Key Market Players | Hubbell.Inc, Lutron Electronics Inc, OSRAM GmbH., Acuity Brands, Inc., legrand, Koninklijke Philips N.V., Honeywell International Inc., Cree Lighting, Lite-Puter, Eaton Corporation |
Analyst Review
The global dimmer and color tunable market is expected to witness significant growth due to increase in demand for color tunable for residential and commercial construction.
During the forecast period, the use of smart lighting for energy conservation is anticipated to propel the expansion of the global dimmer and color tunable market. However, increase in cost and no compatibility with existing light systems is expected to restrain market expansion, during the forecast period.
Furthermore, there have been several technological advancements in the field of the Internet of Things (IoT) that have had an impact on dimmer and color tunable technology. The development of smart home platforms, such as Amazon's Alexa and Google's Home, has enabled the integration of dimmer and color tunable technology into the IoT. These platforms allow users to control the lighting in their home using voice commands or through a smartphone app. The development of low-power connectivity technologies, such as Bluetooth Low Energy (BLE) and Zigbee, has enabled the creation of dimmer and color tunable devices that are able to operate for extended periods of time on a single battery charge.
According to a key executive of lighting organization, the development of advanced sensors and sensor technologies has enabled the creation of dimmer and color tunable devices that are able to collect a wide range of data, including temperature, humidity, and motion. This data can be used to optimize the lighting in a space and improve energy efficiency. Overall, these technological advancements have enabled the creation of more powerful, capable, and reliable dimmer and color tunable devices that are able to perform a wide range of functions in a variety of settings.
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A. Wireless voice-controlled dimmer and color tunable are the upcoming trends of Dimmer and Color Tunable Market in the world.
A. Commercial, residential, and industrial are the leading application of Dimmer and Color Tunable Market.
A. Asia-Pacific is the largest regional market for Dimmer and Color Tunable.
A. The dimmer and color tunable market was valued at $12,371.31 million in 2021.
A. 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 to hold the market share in Dimmer and Color Tunable.
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