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Light Control Switches Market to hit US$ 12,696.07 million, Globally, by 2028 at 6.8% CAGR: The Insight Partners
According to our latest market study on "Light Control Switches Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Switch Solution, Connective Type, and End User," the market is expected to grow from US$ 7,997.68 million in 2021 to US$ 12,696.07 million by 2028; it is anticipated to grow at a CAGR of 6.8% from 2021 to 2028.
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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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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 the 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.
Light Control Switches Market: Competitive Landscape and Key Developments
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; Signify Holding.; and SAVANT TECHNOLOGIES LLC are among the major players operating in the global light control switches market.
Players operating in the light control switches market are mainly focused on the development of advanced and efficient products.
1. 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.
2. 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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Contact Person: Sameer Joshi
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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, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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