Press release
Light Control Switches Market Future Scope, Analysis, Size, Share, Trends, Growth Rate, Report 2024-2033
Light Control Switches Market
The light control switches market size is expected to see strong growth in the next few years. It will grow to $11.21 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to led lighting adoption, electrification of transport, cybersecurity in lighting, urban farming and vertical agriculture, smart home integration. Major trends in the forecast period include biometric authentication methods, smart lighting control, wireless connectivity technologies, adoption of data analytics and insights, human-computer interaction.
Market Overview -
The light control switches are used to turn the lights ON and OFF. The primary use of light control switches is to reduce energy costs, improve sustainability and provide flexibility to meet user visual needs. Users can control and manage their light control switches and devices using hardware and software technologies.
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Rapid Led Adoption Illuminates Growth For Light Control Switches Market
Increasing usage of LEDs and other lamps is expected to propel the growth of the light control switches market going forward. The light-emitting diode (LED) is the most energy-efficient and rapidly-developing lighting technology. Quality LED light bulbs to offer better light quality, last longer, and are more durable. The lighting control switches are added to LEDs and other lamps to aid in reducing electricity wastage while simultaneously encouraging energy efficiency. For instance, according to Warehouse-Lighting.com, a US-based manufacturer of lighting products, by 2030, the LEDs are expected to make up 87% of the source of lighting. Therefore, an increase in the usage of LEDs and other lamps will promote the growth of the light control switches market.
Competitive Landscape -
Major companies operating in the light control switches market include Acuity Brands Inc., Honeywell International Inc., General Electric Company, Leviton Manufacturing Company Inc., Lutron Electronics Co. Inc., Panasonic Corporation, Schneider Electric SE, Signify N.V., Havells India Ltd., Hubbell Incorporated, Daintree Networks Inc., LightwaveRF PLC, Synapse Wireless Inc., Rockwell Automation Inc., Legrand S.A., Eaton Corporation PLC, Osram Licht AG, Zumtobel Group AG, Dialight PLC, RAB Lighting Inc., Cree Inc., Johnson Controls International plc, ASEA Brown Boveri Ltd., Siemens AG, WAGO Kontakttechnik GmbH & Co. KG, Control4 Corporation, Savant Systems LLC, Crestron Electronics Inc., Vantage Controls Inc., AMX LLC
Technological Advancements Enhance Light Control Switches Market
Technological advancements have emerged as a key trend gaining popularity in the light control switches market. Major players in the market are adopting advanced technologies to launch efficient products in the market. For instance, in May 2021, Orro, a US-based company operating in smart living systems, introduced a new control switch with Alexa capability built into the unit. New Orro Switches are integrated with built-in Alexa's ESP (Echo Spatial Perception) ensures that the switch closest to the person speaking responds and provides the smart light control, integrated control of other devices, and built-in voice control all from a single device and also provides checking the weather or news, setting timers and reminders.
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Key Segments -
The light control switches market covered in this report is segmented -
1) By Product Type: Switches, Dimmer
2) By Switch Solution: Standalone Switch Solution, Integrated Switch Solution
3) By Light Source: Incandescent, Fluorescent, High-Intensity Discharge, Light Emitting Diode, Compact Fluorescent Lamp (CFL)
4) By Application: Residential, Commercial, Industrial, Highways And Roadways Lighting, Architectural Lighting, Lighting For Public Places, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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