Market Size –
The light control switches market size has grown strongly in recent years. It will grow from $7.12 billion in 2023 to $7.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to energy efficiency regulations, demand for traditional lighting systems, urbanization and infrastructure growth, environmental awareness, commercial and industrial use, government incentives.
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.
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Scope Of Light Control Switches Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Light Control Switches Market Overview
Market Drivers –
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.
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
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Regional Insights –
Asia-Pacific was the largest region in the light control switches market in 2023. The regions covered in the light control switches market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Light Control Switches Market Report Structure
3. Light Control Switches Market Trends And Strategies
4. Light Control Switches Market – Macro Economic Scenario
5. Light Control Switches Market Size And Growth
…..
27. Light Control Switches Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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