The global lighting control switches market size is expected to grow from $5.66 billion in 2021 to $6.38 billion in 2022 at a compound annual growth rate (CAGR) of 12.6%. The global lighting control switch market size is expected to reach $9.21 billion in 2026 at a CAGR of 9.6%.
What is the Global Light Control Switches Market?
The light control switches market consists of sales of light control switches by entities (organizations, sole traders, and partnerships) that 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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What drives the Global 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.
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Global Light Control Switches Market Segments
The global light control switches market is segmented:
By Product Type: Switches, Dimmer
By Switch Solution: Standalone Switch Solution, Integrated Switch Solution
By Light Source: Incandescent, Fluorescent, High-Intensity Discharge, Light Emitting Diode, Compact Fluorescent Lamp (CFL)
By Application: Residential, Commercial, Industrial, Highways and Roadways Lighting, Architectural Lighting, Lighting for Public Places, Others
By Geography: The regions covered in the light control switches market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global light control switches market.
Light Control Switches Global Market Report 2022provides market size and growth forecasts for the global light control switches market, global light control switches market share, light control switches market segments and geographies, light control switches market competitive landscape including leading competitors’ revenues, profiles and market shares. The light control switches market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Light Control Switches Industry Playersinclude Acuity Brands Inc., Honeywell International Inc., General Electric Company, Leviton Manufacturing Company Inc., Lutron Electronics, Panasonic Holdings Corporation, Schneider Electric SE, Signify N.V., Havells India Ltd., Hubbell Inc., Cooper Industries, Daintree Networks Inc, LightwaveRF PLC, Synapse Wireless Inc, and Rockwell Automation Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
