Press release
Smart Switches Market Soars to $1.38 Billion, Anticipates 9.3% CAGR by 2030 | Key Players: Legrand, GE lighting, Signify, Lutron, Panasonic, Leviton, ABB, Schneider, Honeywell, Siemens
Smart Switches Market: $1.38B, 9.3% CAGR by 2030
Smart switches can replace existing traditional switches. It'll take a little more work to wire an in-wall switch. User need to have neutral or ground wires. But then they don't need to deal with batteries, and can control existing wired circuits.
The global Smart Switches Market [https://www.themarketreports.com/report/global-smart-switches-market-research-report] was valued at US$ 735 million in 2023 and is anticipated to reach US$ 1377.6 million by 2030, witnessing a CAGR of 9.3% during the forecast period 2024-2030.
The global top five smart switches manufacturers include Legrand, GE lighting (Savant Systems), Signify, Lutron, Panasonic, accounting for about 40% of the market share, of which the largest manufacturer is Legrand, with a market share of about 9%. Europe is the most important smart switches producing area in the world, with a market share of more than 30%. In terms of type, Wi-Fi and Bluetooth have a market share of over 40%. In the field of application, residential accounts for about 80% of the market.
This report aims to provide a comprehensive presentation of the global market for Smart Switches, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Switches.
Report Scope
The Smart Switches market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Smart Switches market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Smart Switches manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
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Market Segmentation
By Company
* Legrand
* GE lighting (Savant Systems)
* Signify
* Lutron
* Panasonic
* Leviton
* ABB
* Schneider
* Honeywell
* Siemens
* Simon
* Belkin
* Vimar
* iDevices (Hubbell)
* Shenzhen Hidin Tech
* Qubino
* Brilliant Home Technology
* Wenzhou MVAVA
* TP-LINK
* Bull
Segment by Type
* Wi-Fi and Bluetooth
* ZigBee
* Others
Segment by Application
* Residential
* Commercial
Production by Region
* North America
* Europe
* China
* Japan
Consumption by Region
* North America (United States, Canada and Mexico)
* Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
* Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
* South America (Brazil, Argentina, Colombia, and Rest of South America)
* Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Smart Switches manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Smart Switches by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Smart Switches in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Read More Related Research Reports:
3-Way Smart Switches Market: https://www.themarketreports.com/report/global-3-way-smart-switches-market-research-report
Smart Switch Panel Market: https://www.themarketreports.com/report/global-smart-switch-panel-market-research-report
Layer 3 Gigabit Smart Switch Market: https://www.themarketreports.com/report/global-layer-3-gigabit-smart-switch-market-research-report
About US:
At 'The Market Reports', we are a trusted market research firm dedicated to empowering businesses with valuable insights and data to drive their success. We offer a wide range of comprehensive market research reports to meet the unique needs of each client. From market analysis and competitive intelligence to consumer behaviour and trend forecasting, we provide the critical information necessary to make informed decisions and stay ahead of the competition. Our goal is to empower our clients with the knowledge they need to drive growth, make strategic investments, and seize new opportunities.
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Company Name: The Market Reports
Contact Person: Shirish Gupta
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=smart-switches-market-soars-to-138-billion-anticipates-93-cagr-by-2030-key-players-legrand-ge-lighting-signify-lutron-panasonic-leviton-abb-schneider-honeywell-siemens]
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