The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Switches and Dimmers Market. The growth sectors of the Switches and Dimmers Market are identified with precision for a better growth perspective.
Dimmers are an intelligent lighting control solutions that enable centralized control of lights. The major factor contributing to the growth of dimmers market include potential growth of intelligent lighting systems for sustainability and well-being, and government smart city and smart home initiatives in European countries. Furthermore, wireless technologies along with IoT present an opportunity to integrate LED lighting into computer-based systems to receive, collect, and transmit data. Ubiquitous wireless coverage offered by Wi-Fi, 3G/4G, and LoRa (Long Range) offer simplified control and management of dimming as compared to a wired circuit.
The key players in the dimmers market are identified across all the major regions based on their country of origin, presence, recent 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). These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 35–40% in the dimmers market.
The dimmers market has been categorized into four regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Many countries in Europe are embracing smart lighting control technologies to automate connectivity by creating LED (Light Emitting Diode) network systems. Infrastructure acts as a catalyst for the development and adoption of dimming solutions. Governments in the developing countries find it difficult to implement smart infrastructure due to lack of funding. In addition, most of poverty-stricken population resides in developing countries with poor road quality and limited access to transportation.
Economies around the world are focused on energy optimization to reduce electricity for lighting which accounts for a considerable amount of global power consumption and greenhouse gas (GHG) emissions. Copenhagen, Denmark is one of the smartest cities in the world that has implemented smart street lighting solutions with 20,000 connected energy-efficient LED street lights to increase the safety of cyclists and pedestrians.
In other Asian countries, the focus is shifted more on LED with dimming control to save energy and reduce power consumption. LEDs utilize around 85% less electricity compared to incandescent bulbs and about 50% less as compared to fluorescent lights. In addition, LEDs are compact, resist breakage, more durable, and last longer than other bulbs with a life that ranges from 6 to 30 years. In China, LEDs are used to produce high-quality white light offering fewer energy bills and a reduction in CO2 emission. LEDs are widely deployed in industrial & commercial lighting, street lighting, parking garage lighting, walkway & outdoor lighting, residential building lighting, and public infrastructure lighting across South Korea and Japan.
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