Global Light Switches Market Report Covers Detailed Industry Scope, Future Market Size Scenario And Outlook To 2025 | APLS, Panasonic, Omron Electronics, C&K Components, Wurth Electronics, NKK

Global Light Switches Market overview:

The growing demand for Light Switches has provided a major boost to the Global Light Switches Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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The major factors driving the growth of market include the advent of integrated lighting control systems, ongoing and upcoming smart city projects in developing economies, increasing adoption and reduction in prices of LEDs, and growing awareness about energy savings among consumers and governments worldwide. The global Light Switches Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 Standard Types

2 Illuminated Types

3 Sealed Types

4 SMD Types

On the basis of End Use Industry, the market is split into:

1 Automotive

2 Medical

3 3C Products

4 Information Appliance

5 White Goods

The market for ZigBee protocol is expected to hold the largest share of market for wireless communication technology during the forecast period. The technology is designed to be a low power, low data rate, proximity wireless mesh network protocol, to be simpler and less expensive than other wireless network protocols. The increasing adoption of smart homes is likely to create demand for the ZigBee protocol. The market for outdoor end-use applications is expected to grow at a higher CAGR during the forecast period. This growth is mainly due to the increasing focus on enhancing connectivity by constructing roads and installing smart lights for these roads, especially in the developing countries in the APAC region. This, in turn, would spur the growth of the outdoor market.

Objectives of the Study

To describe and forecast the global Light Switches Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Light Switches Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Light Switches Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Light Switches Market.

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Some of the Light Switches Market manufacturers involved in the market are APLS, Panasonic, Omron Electronics, C&K Components, Wurth Electronics, NKK, Apem, TE Connectivity, CTS Corp, Bourns Components, E-Switch, Knitter-switch, Xinda, Marquardt, Mitsumi Electric, Changfeng, OMTEN, Han Young, Oppho, BEWIN, Acquisitions and effective mergers are some of the strategies adopted by the Light Switches Market manufacturers. New product launches and continuous technological innovations are the Light Switches Market strategies adopted by the major players.

Latest Industry Updates:

February 13, 2020 - In a time when IoT is ushering the next technological revolution, Panasonic, a diversified technology company also a significant player in Spatial Solutions, forays into Connected Living Solutions with the launch of its IoT & AI enabled platform - Miraie. 'Mirai' meaning 'future' and 'ie' meaning 'home' in Japanese, the platform aims to empower everyday lives of consumers with comfort, convenience and seamless connectivity across all Panasonic devices; by updating quality of living spaces basis their need and ambient environment. The innovation has been conceptualized and developed at Panasonic's India Innovation Centre based out of Bangalore. Panasonic also unveiled its first range of connected products that will be available in the Indian market under Miraie, which includes Connected Air Conditioners, Smart Door Bell and Plugs & Switches. In near future, the company plans to expand its Connected range of products by adding Refrigerator, Washing Machine, Television, fans, geysers, etc giving consumers a full range of Connected Living Solutions for a futuristic home.

Speaking at the launch, Mr. Manish Sharma, President & CEO, Panasonic India and South East Asia, said, "With the advent of 5G, IoT will be driving the next round of transformation in the digital world and is the future of smart, connected India. Consumers are now looking towards IoT & AI enabled solutions to enhance quality of life through connected ecosystems - as per our research over 75% are looking for comfort & convenience with specific requirements related to ease of use; safety; monitoring misuse; service reminders. Through the launch of our Miraie platform, we aim to address all of the above and extend connected living in a true sense and further our vision of a better life, a better world.

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Asia Pacific was a prominent market for Light Switchess in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Light Switches market in Asia Pacific.

There are several manufacturers of Light Switchess in Europe and North America. In North America, the demand for Light Switchess is primarily driven by the residential sector. Improved standards of living and rising usage of Light Switchess for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Light Switches Market Report 2020

1 Light Switches Definition

2 Global Light Switches Market Major Player Share and Market Overview

3 Major Player Light Switches Business Introduction

4 Global Light Switches Market Segmentation (Region Level)

5 Global Light Switches Market Segmentation (Product Type Level)

6 Global Light Switches Market Segmentation (Industry Level)

7 Global Light Switches Market Segmentation (Channel Level)

8 Light Switches Market Forecast 2020-2024

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