Dimmers Market Regional Analysis

The Global Dimmers 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.

Dimmers 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.

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.

Dimmers 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 market contribute to developing the market's growth and help the market competition at the global level.

Dimmers 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 concerns 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.

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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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Industry News

The integration of loT technologies with lighting systems will benefit the Dimmers Market Growth in the future.

Global LED Drivers Market – Regional Analysis

The Asia Pacific region dominates the global LED drivers market. Major factors bolstering the market growth include rapidly dropping prices of LED lighting, rapid urbanization, and changing lifestyles of people. Besides, increasing government initiatives to promote energy-saving lighting drive the growth of the market. Moreover, rapid developments in the automotive lighting industry in this region boost the market demand.

Exploding adoption of LED technology in mobiles & televisions and growing numbers of industries in various APAC countries influence the market growth. China is the largest market for LED drivers in the region, while Japan and India hold the second and third positions, respectively. The APAC LED drivers market is expected to continue with its dominance throughout the forecast period.

Europe derives the second-largest share in the global LED drivers market. The market growth is driven by the strong presence of key market players and the easy availability of proficient technical expertise. Additionally, the convergence of IoT and lighting has promoted its adoption in smart building technologies in Europe.

Recent EU legislation would bring a major shift in the LED lighting market. The proliferating applications across a wide spectrum of industries, from healthcare to the lighting industry, support the LED drivers

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Major Players

Players driving the global LED drivers market include Harvard Technology Ltd. (UK), Osram GmbH (Germany), Texas Instruments (US), Macroblock Inc. (Taiwan), Maxim Integrated (US), Atmel Corporation (US), Cree, Inc. (the US), General Electric Company (US), ROHM Semiconductors (Japan), AC Electronics (US), ON Semiconductor (US), Signify Holding (Netherlands), NXP Semiconductors NV (Netherlands), Lutron Electronics Co., Inc. (US), and STMicroelectronics NV (Switzerland), among others. 

The Global LED Drivers Market

The global LED drivers market is witnessing rapid sales due to the pressing demand for energy-efficient lights. Additionally, the booming automotive sector drives considerable market demand. Moreover, the rising demand for energy-efficient lights and increasing use in the digital advertising & consumer electronics sector accelerate the market growth.

According to Market Research Future (MRFR), the global LED drivers market valuation is expected to reach USD 17,522.74 Million by 2026, growing at 25.25% CAGR throughout the assessment period (2020-2026). Extensive uptake of LEDs in various small and large devices across the electronics industry is a major growth driver for the substantial market demand.

Recent COVID-19 pandemic increased the importance of sanitizing more than ever. This further has pushed applications of UV-C LED disinfection technology. LED drivers would play a causal role and the features needed for UV-C applications. Rising developments of compact, efficient, and effective UV-C LED lights to kill germs are expected to boost the market size, requiring accurate drivers to ensure safe and optimal operation.

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Global LED Drivers Market – Segments

The LED driver market report is segmented into type, component, luminaires type, application, and region.  The type segment is sub-segmented into constant voltage and constant current. The component segment is sub-segmented into driver IC, discrete component, and others.

The luminaires type segment is sub-segmented into type A lamps, decorative lamps, T lamps, reflectors, and others. The application segment is sub-segmented into commercial lighting, industrial lighting, automotive lighting, residential lighting, and others. By regions, the market is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.

Global LED Drivers Market – Competitive Analysis

Highly competitive, the LED drivers market appears fragmented, with several big and small players churning the market competition. The volumetric nature of the market reflects intense pricing pressure. The poor differentiation of raw materials is a significant factor that leads to hiking price sensitivity in the market.

Simultaneously manufacturers are shifting their bases to emerging regions where the labor costs are lower, a trend hastened by the advent of affordable shipping. Manufacturers use a variety of distribution channels to gain a larger LED drivers market share.

Industry/ Innovation/ Related News:

March 18, 2021 ---- Cuvée Systems Inc. (the US), a leading global developer of the most innovative power electronics, announced that its Universal Quad Mode Driver ideal for both residential and commercial applications. These drivers are being sold in three different constant current outputs.

With multiple international certifications, an ultra-compact size and plastic and metal housing options, this driver streamlines the installation in a wide range of lighting environments.