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Light Control Switch Market by Product Type (Switches, Dimmer), by Solution (Standalone Light Control Solutions, Integrated Light Control Solutions), by Communication Technology (Wired Technology, Wireless Technology), by Application (Residential, Commercial, Industrial, Highways & Roadways Lighting, Architectural Lighting, Lighting for Public Places) and Region - Global Analysis of Market Size, Share & Trends for 2021-2022 and Forecasts to 2032
Light control switches are used to operate electric lights, electrical outlets, or permanently connected devices. To control lighting usage and lower energy costs, light controls are used. They help to dim, turn on, and off lighting, which saves energy. They are used to regulate lights more effectively than the common on/off wall switches. Lights are automatically turned on when motion is detected. Lighting management systems, which centralize lighting control for a whole home or workplace, use sensors and other components for lighting control. The Dimmer switches are replacing the manual switches, since they enable dimming of lamps in addition to turning them on or off.
The Light Control Switch Market is expected to project a notable CAGR of 7.3% in 2032.
The development of integrated lighting control systems, current and future smart city initiatives in developing countries, and the rising popularity and falling cost of LEDs are the main factors propelling the growth of the Light Control Switch Market. Moreover, the industry is expanding as consumers and governments across the globe are becoming aware of the benefits of energy conservation.
FIGURE: MARKET ANALYSIS OF LIGHT CONTROL SWITCH MARKET
Light Control Switch Market is categorized on the basis of Product Type into Switches and Dimmer. In 2020, the switches category dominated the global Light Control Switch Market, and it is anticipated continue to grow at the quickest rate throughout the forecast period. This is due to the global growth of the electric infrastructure, which raised the need for light switches.
Light Control Switch Market is categorized on the basis of Application into Residential, Commercial, Industrial, Highways & Roadways Lighting, Architectural Lighting, and Lighting for Public Places. In 2020, the residential segment dominated the global Light Control Switch Market, and it is anticipated to continue to grow at the highest rate going forward. Rapid urbanization and rising demand from the residential sector are the reasons behind the growth of the segment.
The demand for infrastructure in developing nations, the use of smartphones, the popularity of automation, the acceptance of wireless technology, and the rise in urbanization are the main factors driving the Light Control Switch Market. Builders and contractors are likely to be encouraged to use light control switches in their construction projects by government rules and regulations governing the installation of electric control switches in residential and commercial establishments as well as end users' preferences for feature-rich light control switches.
The growth of the Light Control Switch Market is anticipated to be influenced by the rising need for energy-efficient lighting systems as well as the expanding demand for light control switches from various end-use industries. Also, the market will develop significantly as a result of the rising demand for automated houses and the usage of LED lighting. Growing wireless technology use and unexplored market potential for light control switches will also significantly contribute to the industry growth.
The installation of Light Control Switches is expensive, which will slow the market growth. Moreover, the absence of internet connectivity in developing nations, and lack of installation knowledge will hinder market growth. In addition, it is anticipated that the medium-income population's low disposable incomes will pose the biggest obstacles to the growth of the Light Control Switch Market in the upcoming years.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Light Control Switch Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The APAC region held the higher share of the Light Control Switch Market globally in 2020 and is anticipated to expand at the remarkable CAGR during the projected period. The need for lighting control switches has grown over time as a result of the increased investment in infrastructure projects in the region's residential, commercial, and industrial segments. Also, the adoption of IoT-connected lighting systems has increased significantly in the region over time, which has influenced the adoption of smart switches.
The COVID-19 pandemic's spread caused a temporary halt in the production of light control switches, which had a negative effect on their sales. Sales of light switches are directly correlated with construction activity. Construction has suffered as a result of the COVID-19 epidemic lockdown, and sales of light control switches plunged dramatically in 2020. This caused a drop in the sale of light control switches.
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Report Attribute |
Details |
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Market Size Value in 2021 |
USD 7.59 billion |
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Revenue Forecast in 2032 |
USD 16.4 billion |
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Growth Rate |
CAGR of 7.3% from 2022 to 2032 |
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Base Year for Estimation |
2021 |
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Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
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Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments Covered |
Product Type, Solution, Communication Technology, Application, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key Companies Profiled |
Panasonic, General Electric Company, Schneider Electric, Honeywell International Inc., Eaton Corporation, Legrand S.A., Signify (Philips Lighting), OSRAM Licht AG, Acuity Brands Inc., Leviton Manufacturing Company, Ideal Industries, Lutron Electronics, Dialight PLC, Synapse Wireless, LightwaveRF PLC, and Other Prominent Players |
The Light Control Switch Market size was estimated at USD 7.59 billion in 2021 and is expected to reach USD 16.4 billion in 2032.
Light control switches are used to operate electric lights, electrical outlets, or permanently connected devices. To control lighting usage and lower energy costs, light controls are used. They help to dim, turn on, and off lighting, which saves energy.
The Switches and Residential segments accounted for the larger share of the Light Control Switch Market.
Key players in the Light Control Switch Market are Panasonic, General Electric Company, Schneider Electric, Honeywell International Inc., Eaton Corporation, Legrand S.A., Signify (Philips Lighting), OSRAM Licht AG, Acuity Brands Inc., Leviton Manufacturing Company, Ideal Industries, Lutron Electronics, Dialight PLC, Synapse Wireless, LightwaveRF PLC, and Other Prominent Players.
The development of integrated lighting control systems, current and future smart city initiatives in developing countries, and the rising popularity and falling cost of LEDs are the main factors propelling the growth of the Light Control Switch Market.
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