Light Control Switch Market Size, Share, Growth Report 2030

Light Control Switch Market

Light Control Switch Market By Product (Switches And Dimmers), Lighting Source (Incandescent & Halogen, A Light-Emitting Diode, High-Intensity Discharge, And Fluorescent) For Commercial Lighting, Residential Lighting, And Other: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-882 Published Date: Dec-2020 Status : Published

According to the report published by Zion Market Research, Global demand for Light Control Switch market was valued at approximately USD 5,200 Million in 2019, and is expected to generate revenue of around USD 9,916.2 Million by end of 2026, growing at a CAGR of around 8.83% between 2020 and 2026.

According to the report published by Zion Market Research, Global demand for Light Control Switch market was valued at approximately USD 5,200 Million in 2019, and is expected to generate revenue of around USD 9,916.2 Million by end of 2026, growing at a CAGR of around 8.83% between 2020 and 2026.

Light Control Switch Market: Overview

Light switches are commonly used to operate electric lights, connect equipment, or electrical outlets. Automatic switching of lighting sources has been realized by the light control switches. These switches are evolved using electronic sensors, electronics timer, and wireless controls are being used owing to the advancement in technologies and evolving automatic process. Light control switches are used for regulating energy consumption in industrial, commercial and residential spaces to avoid unnecessary utilization of energy. Hence, save and reduce the power cost of various industries and households.

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Light Control Switch Market: Growth Factors

Advanced technology and awareness about power utilization and benefits of energy saving are factors contributing to the growth in the consumption of light control switches and dimmers by residential and commercial users. The global light control switch market is expected to grow due to high demand from commercial places such as offices, retail outlets, hotels, and others, which require advanced light control to avoid wastage of energy; this, in turn, results in implementation of high-value sensors or timer-based light control switches to control energy use and conserve energy. In addition, increased use of electronic switches such as sensor-based switches, wireless switches, and others results in global market growth. In addition, by adopting electronic switches owing to their ability to control lights effectively and ensure higher energy savings may lead to a high growth in the global light control switch market in the coming years.

Light Control Switch Market: Segmentation

The global light control switch market has been broadly segmented into product type, lighting source, and end users. The global market based on product type is further divided into switches and dimmers. The global market based on lighting source is divided as incandescent & halogen, a light-emitting diode, high-intensity discharge, and fluorescent. The end-user segment of the global light control switch market is further fragmented into commercial lighting, residential lighting, and others.

Light Control Switch Market: Regional Analysis

Geographically, the light control switch market is divided into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Owing to growth in the urbanization, North America and Europe are the major growth areas for the global light control switch market. Extensive migration of population forms rural areas to the urban center in Asia Pacific countries such as China and India due to emerging industrialization, which will further fuel the growth of urban residential and commercial constructions in next few years. Latin America and the Middle East are also expected to show fast growth in the global light control switch market in coming future due to increasing implementation of automation process in industries

Light Control Switch Market: Competitive Players

Some main participants of the Light Control Switch market are Legrand, Leviton, Lutron, Hubbell Lighting, Honeywell International Inc., and Osram. Other players influencing the global market are Cooper Industries, Inc., Koninklijke Philips N.V., Acuity Brands Lighting, Inc., Schneider Electric SE, and Daintree Networks, Inc.

Light Control Switch Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Low power utilization products are considered as one of the major driving factor affecting the growth of the market. Recent technological advancement in lighting industry and huge investment in such products in these considered as one of the major driving factor for promoting the growth of the market.

According to Zion Market Research, global demand for Light Control Switch market is expected to generate revenue of around USD 9,916.2 Million by end of 2026, growing at a CAGR of around 8.83% between 2020 and 2026.

North America and Europe region hold the largest market share in the year 2019 followed by Asia Pacific region. Growth is associated with advanced infrastructure and rapid acceptance of technological advanced products.

Some main participants of the Light Control Switch market are Legrand, Leviton, Lutron, Hubbell Lighting, Honeywell International Inc., and Osram. Other players influencing the global market are Cooper Industries, Inc., Koninklijke Philips N.V., Acuity Brands Lighting, Inc., Schneider Electric SE, and Daintree Networks, Inc.

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