Europe Dimmer and Color Tunable Market Size, Share & Industry Trends Analysis Report By Application (Industrial, Commercial and Residential), By Product (Dimmer and Color Tunable), By Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Dimmer and Color Tunable Market would witness market growth of 7.3% CAGR during the forecast period (2022-2028).
Prime suppliers in the dimmer and color tunable market are implementing the product across various business sectors to enhance the quality of the working environment and boost employee output. The retail industry extensively uses dimmable and color-changeable lighting to generate a variety of atmospheres and present merchandise in the most favorable light. In addition, dimmer and color-tunable lights enhance the visibility of the workspace in manufacturing. This can assist in raising productivity and lower the danger of errors or accidents.
In order to make offices more pleasant places to work that are also conducive to productivity, dimmers and lights that can change color are frequently utilized. For instance, using white light with a cooler temperature during the daytime can help to boost concentration and alertness. Dimmable and color-changeable lighting, in general, provides a diverse range of benefits to several businesses across various sectors by improving the quality of the working environment and cutting down on energy use.
Europe is increasing the use of smart lighting solutions as a result of the region's growing acceptance of smart lighting to conserve energy and cut energy costs, which is fueling market revenue development. In addition, the need for intelligent commercial lighting solutions has increased due to the region's first connected city lighting system consisting of multi-level intelligent control. The system uses a GIS-based management system to connect street lamps to the IoT and gives cities control over each lamp's performance. Additionally, among the major manufacturers in the region, Zumtobel Group, Legrand, and Signify N.V. are heavily investing in technological advancements to broaden their product lines. Such initiatives will expand significantly in the coming years, and thus will boost the expansion of the regional dimmer and color tunable market.
The Germany market dominated the Europe 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 $1,281.7 Million by 2028. The UK market is anticipated to grow at a CAGR of 6.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 8.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Dimmer and Color Tunable Market will Hit $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.
Scope of the Study
Market Segments Covered in the Report:
- Color Tunable
- Light-emitting Diode (LED's)
- High Intensity Discharge (HID)
- Incandescent & Halogen
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- 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.
- Lite Puter Enterprise Co., Ltd.
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