The Asia Pacific Dimmer and Color Tunable Market would witness market growth of 8.3% CAGR during the forecast period (2022-2028).
Dimmer switches & color-tunable lightbulbs come in a number of various varieties. The most basic sort of dimmer switch, mechanical dimmer switches mechanically to stop the flow of power to the light fixture. Although they are reasonably priced, they might not work with all of bulbs. Dimmer switches that use electrical parts to change the amount of electricity going to the light source are known as electronic dimmer switches.
They are typically more dependable and work with a larger variety of bulbs. Dimmer switches can be operated remotely, allowing the user to change the brightness of the lights without having to touch the switch directly. Dimmer switches with voice assistants or smartphone apps that can be used to operate them allow users to change the lighting's brightness from a distance or by speaking orders. Bulbs that can change the color temperature of the light they emit are known as color-tunable bulbs.
Some possibilities include lightbulbs that can be managed by a voice assistant or smartphone app, enabling the user to change the color temperature from a distance or by speaking commands. Smart bulbs allow the user to change the brightness and color temperature of the light remotely or by speaking orders to a voice assistant or smartphone app. They provide the most convenience and flexibility.
The government of India has launched several initiatives to encourage the use of LEDs, which are superior to traditional light sources in terms of efficacy, affordability, and productivity. Some of these programs include the Unnat Jyoti Affordable LEDs for All (UJALA) and Street Lighting National Program (SLNP). For instance, on March 19, 2021, the Indian government unveiled the Gram Ujala initiative, which aims to provide LED bulbs for INR 10 per in rural areas for commercial and residential applications. Hence, due to strong government backing, the demand for and expansion of the regional dimmer and color tunable market will increase during the forecast period.
The China market dominated the Asia Pacific Dimmer and Color Tunable Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,063.4 Million by 2028. The Japan market is estimated to grow a CAGR of 7.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 9% during (2022 - 2028).
Based on Application, the market is segmented into Industrial, Commercial and Residential. Based on Product, the market is segmented into Dimmer and Color Tunable. Based on Type, the market is segmented into Light-emitting Diode (LED's), High Intensity Discharge (HID), Incandescent & Halogen and Fluorescent. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Dimmer and Color Tunable Market is Projected to reach USD 19.2 Billion by 2028, at a CAGR of 7.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Acuity Brands Lighting, Inc., Cree, Inc., Eaton Corporation PLC, Hubbell Incorporated, Koninklijke Philips N.V., Legrand S.A. (Legrand Group), OSRAM GmbH, Lutron Electronics Co., Inc., and Lite Puter Enterprise Co., Ltd.
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