Press release
Light Control Switches Market Size & Industry Growth by 2028
expected to grow at a CAGR of 6.8% from 2021 to 2028.A light control switch regulates the operation of electrical lights, outlets, or other permanently attached lighting-related devices. Different types of light switches are available in the market for various intended usages. Depending on the lighting, several types of switches are used, such as push-button light switches, proximity switches, and dimmer light switches. The light control switches market is experiencing the launch of new products, such as wireless and integrated light switch solutions, for the adoption across smart homes and commercial premises.
The spike in infrastructure needs in emerging economies, increase in urbanization, continuous advancements in technologies, and growing popularity of automation are the major factors supporting the expansion of the light control switches market size. Increased government support for the adoption of automated light control switches and the growing acceptance of wireless technology are other crucial factors facilitating the market growth. In addition, rising awareness and widespread smartphone adoption contribute to the progress of the integrated light control switches market size.
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The List of Companies - Light Control Switches Market
ACUITY BRANDS, INC.
Eaton
Honeywell International Inc.
LEGRAND SA
Leviton Manufacturing Co., Inc.
Lutron Electronics Co., Inc
OSRAM GmbH
Panasonic Corporation
Schneider Electric SE
Helvar
Market Insights - Light Control Switches Market
The global light control switches market, based on geography, is segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). APAC accounted for the largest market share in 2020 and is also expected to register the highest CAGR during the forecast period. In the region, the rising investments in infrastructural developments across various sectors such as residential, commercial, and industrial drive the demand for lighting control switches. Lighting systems are one of the major parts of any infrastructural development. Therefore, the rising new and redevelopment construction projects indirectly impacts the demand for lighting solutions and light control switches. Additionally, over the years, APAC has experienced a significant rise in the adoption of IoT connecting lighting systems, thereby propelling the need for smart switches. These factors are contributing to the growth of the light control switches market growth.
North America accounted for the second-largest share in the global light control switches market in 2020. The huge presence of light control switch manufacturers across the region is one of major factors contributing to the growth of the market in North America. A few of the major players operating in the region are Signify Holding, Eaton, and Legrand S.A. Additionally, North America is a pioneer in adopting smart lighting across smart homes, which is increasing the demand for smart light switches across the region.
End User-Based Insights
Based on end user, the light control switches market is segmented into commercial, residential, industrial, and public utilities. The residential segment accounted for the largest share in the market in 2020. The residential sector across the world have increased their spending on the adoption of new and advanced technologies owing to the rise in the adoption of home automation technologies, such as smart lights and smart light control systems. The rising adoption of integrated light control systems for home automation is influencing the market growth for the segment. The residential segment is the highest adopter of wireless light control switches due to the convenience offered by the switches and their easy integration with advanced lighting solutions. Additionally, both developed and developing countries have experienced a rise in investment in the development of residential complexes.
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The light control switches market is segmented on the basis of switch solution, connection type, end user, and geography. Based on switch solutions, the light control switches market is bifurcated into standalone switch solutions and integrated switch solutions. Based on connection type, the market is bifurcated into wired and wireless. By end user, the market is segmented into commercial, residential, industrial, and public utilities. Based on geography, the light control switches market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. Panasonic Corporation, Eaton, Savant Systems Inc., Acuity Brands Inc., and Leviton Manufacturing Company International are among the prominent players in the light switch controls market. The market is highly fragmented with several players localized in a specific region to meet the domestic demand.
Players operating in the light control switches market are mainly focused on the development of advanced and efficient products.
In 2022, Legrand introduced a new radiant Wave Switch, which expands on the unique touchless technology pioneered by the adorne Collection to fit into applications and projects.
In 2021, OSRAM announced that its new DIM MCU G2 and DALI MCU TW G2 rotary dimmers provide intuitive and straightforward dimming. Both devices received a makeover, and the installation depth was significantly reduced: it is now just 23 mm.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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