LAMEA 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 Latin America, Middle East and Africa Dimmer and Color Tunable Market would witness market growth of 10.1% CAGR during the forecast period (2022-2028).
In order to regulate the spectrum and intensity of light for various stages of plant growth, dimmer, and color-tunable lighting is becoming more and more common in vertical farming. For instance, plants often need more blue light during the vegetative stage while more red light during the flowering stage. Farmers may provide their plants with the precise light spectrum required at each stage of development by employing dimmer and color-tunable lights, which can help maximize plant health and productivity. Dimming the lights can assist in lowering energy expenses and consumption as well.
Due to increased utilization smart lighting for integration of dimmer and color tunable with other smart home devices, energy conservation, and development of wireless voice-controlled dimmer and color tunables, the size of the dimmer and color tunable market is anticipated to expand significantly in the coming years. Additionally, during the forecast period, technological improvements in the internet of things (IoT), home automation, and LED lighting are anticipated to offer attractive prospects for the growth of the dimmer and color tunable market share.
In this region, the demand for smart lighting solutions like dimmers have been improving owing to the rising corporate preference for improved connected lighting solutions. Energy conservation has also been a major area of concern as governments and municipalities, particularly in the emerging nations of Africa and Latin America, continue to invest resources in the creation of new infrastructure and industrialization. Regulations for energy conservation continue to place a strong emphasis on the use of intelligent electric and lighting systems across buildings to reduce energy consumption. As a result, energy use in commercial and residential buildings has steadily increased during the previous ten years. The regional market would expand as a result of this factor.
The Brazil market dominated the LAMEA 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 $306.4 Million by 2028. The Argentina market is experiencing a CAGR of 10.7% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Dimmer and Color Tunable Market is Predict to reach $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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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