Press release
Light Control Switches Market 2022 Precise Outlook - Legrand S.A., Koninklijke Philips N.V., Lutron Electronics Co., Inc., Honeywell International Inc
The research report studies the Light Control Switches market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each place is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The data analysts have used primary and secondary methodologies to consolidate the information in the report.. They have also used the same data to generate the current business scenario. This report also provides an analysis of the impact of the COVID-19 pandemic on Light Control Switches Industry.The light control switches market is expected to witness a growth at a CAGR of 6.8% over the forecast period (2021-2026).
Top Leading Companies of Global Light Control Switches Market are Cooper Industries, Inc., Legrand S.A., Koninklijke Philips N.V., Lutron Electronics Co., Inc., Honeywell International Inc., Leviton Manufacturing Co., Inc., Schneider Electric Se, Hubbell Lighting, Inc., Acuity Brands Lighting, Inc., Daintree Networks, Inc., Osram Gmbh and others.
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Regional Analysis:
North America to Witness Significant Growth
Light control switch vendors have a strong foothold in the North America region, which contributes to the growth of the market. Some of them include Signify, Legrand, Eaton, Consumer Technology Association, and Luton, among others. in July 2019, EuControls Corporation announced the issuance of US Patent for its Zigbee Lighting Controller with Sensors. The company has developed Zigbee wireless operated dimming controller intended to be installed on existing dimmable LED luminaires. It works by phase-cutting input power of the illumines, and the sensing capability enables the controller a degree of autonomous operation outside gateway control.
According to a recent study by the Stanford University and Avast, North American homes have the highest density of IoT devices of any region in the world. Notably, 66% of homes in the region have at least one IoT device controlling lights. Additionally, 25% of North American homes boast more than two devices. Due to robust cloud infrastructure, increasing number of connected devices, and advancements in artificial intelligence and machine learning technologies in the region,
Industry News and Updates:
March 2020 - Signify announced the completion of the acquisition of Cooper Lighting Solutions from Eaton for USD 1.5 billion. With this acquisition, the company has planned to focus on the innovation of connected lightings and systems. This is estimated to drive the revenue growth of the company in the North American market with an aimed increase in professional revenues from 42% to 53%.
February 2020 - Signify introduced a new integrated Philips Combo Charge Controller for streetlights, enabling the emergence of a hybrid solar system. With this innovation, the company is aiming at creating a new market for solar powered outdoor lightings in Asia, Africa, South America, Australia, and Spain, where the company has already installed solar-powered lights.
By Types:
Manual Switches
Electronic Switches
Dimmers
By Application(Light Control Switches)
COMMERCIAL
RESIDENTIAL
The regions are further sub-divided into:
-North America – US, Canada, and Mexico
-Europe – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa – Saudi Arabia, UAE, Israel, South Africa
Integrated Light Control Switches Market Report Highlights:
-Detailed overview of the parent market
-Changing market dynamics in the industry
-In-depth market segmentation
-Historical, current and projected market size in terms of volume and value
-Recent industry trends and developments
-Competitive landscape
-Strategies of key players and products offered
-Potential and niche segments, geographical regions exhibiting promising growth
-A neutral perspective on market performance
Browse Full Report for TOC and Description:
https://www.marketinsightsreports.com/reports/03202713841/2020-2025-global-light-control-switches-market-report-production-and-consumption-professional-analysis-impact-of-covid-19?Mode=PD11
Key Questions Answered in the Global Light Control Switches Industry Report
What will be the Light Control Switches market size?
What are the new opportunities?
What is the market share?
What are targeted audiences?
Which are the top players in Light Control Switches market?
How the competition goes in the future?
Which are the leading countries?
What are the challenges in future?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. Further, it also allows you to do valuable competitor research to get inspiration for marketing the products. When it comes to satisfaction, it is necessary to get definitive idea about what is exactly going in the market. This report exactly provides overall market scenario.
Report Customization:
Global Light Control Switches Market, report can be customized according to your business requirements as we recognize what our clients want, we have extended 15% customization at no additional cost to all our clients for any of our syndicated reports.
In addition to customization of our reports, we also offer fully tailored research solutions to our clients in all industries we track.
Our research and insights help our clients in identifying compatible business partners.
Contact US:
Irfan Tamboli (Head of Sales) : Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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