Market Overview
The Global Light Control Switches Market is determined to grow in a considerable to get valued around USD 10.1 billion by 2026 from USD 6.6 billion in 2021, registering a CAGR of 8.9% over the period of 2022 - 2027.
Light control switches are employed in the operations of electrical lights, electrical outlets, or other light related-permanently connected equipment. There are various types of lights that include a fluorescent, light-emitting diode or high-intensity discharge. A push-button light switch, proximity switch, dimmer light switch, and others are used according to the different types of switches.
The most influential factors of the Light Control Switches Market are the flexibility that light switches offer, the nimbleness in the operations, availability of the variety of the switches for various purposes coupled with the enhancement of the customer’s ease with the implementation of the light control switches.
Recent Developments
Drivers and Restraints of Light Control Switches Market
Rising demand for energy-saving lighting systems and the convergence of IoT & Lighting technologies are the factors that are driving the growth of the Global Light Control Switches Market. Also, growth in the initiatives that are taken by the government for the adoption of these light control switches coupled with the availability of high information & data storage capacities in these devices is the other factors that are fuelling the growth of the target market over the forecast period. And, other features in these switches such as the high computing power and parallel processing capabilities are further pushing the growth of the Light Control Switches Market.
However, the lack of internet connectivity of these light control switches is the major restrain that was hampering the growth of the target market, especially in the developing region. In addition, the lack of regulatory frameworks in the energy sector is another key factor that was challenging the Global Light Control Switches Market's growth over the forecast period.
Nonetheless, rising demand for wireless technologies and growing usage of LED lights along with the increasing demand for automated homes are creating lucrative opportunities for the expansion of the players in the Global Light Control Switches Market, in the coming years.
Impact of COVID-19 on the Light Control Switches Market
The effect of the COVID-19 pandemic on the Global Light Control Switches Market is in a very negative way. It is because of that the disruptions in the production sector of various industries owing to the lockdowns imposed by various governments all around the world. Further, the slump in the demand for these light control switches due to the stalled construction industry is another factor that was affecting the growth of the target market during the pandemic.
Market Segmentation of Light Control Switches Market
Based on the type of Product, the global Light Control Switches market is segmented into Switches and Dimmers. Whereas, the Switches segment is sub-segmented into Manual On/Off switches, Toggle switches, Rocker switches, Illuminated switches, Electronic switches, Wireless switches, Sensor-based switches, and others. And the Dimmers segment is sub-segmented into Wired Dimmers and Wireless dimmers.
And based on the Communication Protocol segmentation, the global Light Control Switches market is segmented into Wired, DALI, PLC, Wired Hybrid Protocols, Wireless, ZigBee, Bluetooth/BLE, EnOcean, Wi-Fi, and Wireless Hybrid Protocols.
On the End-Use Application, the global Light Control Switches market is segmented into Indoor and Outdoor. Of these, the Indoor segment is sub-segmented into Residential, Commercial, Industrial, and Others. And the Outdoor segment is sub-segmented into Highways & Roadways Lighting, Architectural Lighting, and Lighting for Public Places.
In the Switch Solution outlook, the global Light Control Switches market is segmented as Standalone switch solution and Integrated switch solution.
And on the Light Source Outlook, the global Light Control Switches market is segmented into Incandescent, Fluorescent, Compact Fluorescent Lamp (CFL), Linear Fluorescent Lamp (LFL), High-Intensity Discharge and Light-Emitting Diode (LED).
Light Control Switches Market Region wise analysis
In the regional analysis of the Global Light Control Switches Market, Asia-Pacific held the major share of the global market, in the revenue aspect. The rapidly growing infrastructure building activities that are being undertaken in this region, especially in the emerging economies such as China and India, where smart lighting paves the way for modernization of infrastructure is the major factor that was driving the growth of the target market in the Asia-Pacific region. Also, the advancements of the infrastructure of smart cities in Asia-Pacific is another factor that was boosting the adoption of these light control switches. Further, the implementation of government policies for supporting energy-efficient lighting is also fuelling the demand for smart street lights, thereby driving the growth of the Asia-Pacific Light Control Switches Market.
Key Players of Light Control Switches Market
The key players of the Global Light Control Switches Market include Signify (Philips Lighting) (Netherlands), Legrand S.A (France), Eaton Corporation (Ireland), General Electric Company (US), and OSRAM Licht (Germany), Acuity Brands, Inc. (US), Leviton Manufacturing Company, Inc. (US), Lutron Electronics (US), Schneider Electric (France), Honeywell International Inc. (US), Ideal Industries (US), Adesto Technologies (Echelon Corporation), Panasonic (Japan), Helvar (Finland), LightwaveRF PLC (UK), RAB Lighting (US) and Dialight PLC (UK)
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region