The light control switches market size was valued at $7.2 billion in 2020, and Light control switches market forecast projected to reach $12.5 billion by 2030, with global Light control switches market forecast expected at a CAGR of 5.7% from 2021 to 2030.
Light control switches are devices that are used to control the operation of electric lights in homes, offices, and other buildings. There are several types of light control switches, including:
Toggle switches: These are the most common type of light switches, which have a simple on/off mechanism. They are typically mounted on the wall and are operated by flipping a lever up or down.
Dimmer switches: These switches allow users to adjust the brightness of the lights by controlling the amount of electrical current that flows to the light bulb. They are ideal for creating a mood or setting the right ambiance in a room.
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Timer switches: These switches are designed to turn lights on and off automatically at predetermined times. They are ideal for security and energy-saving purposes, as they can help to deter burglars and ensure that lights are not left on unnecessarily.
Motion sensor switches: These switches are activated by movement and are typically used in outdoor areas or rooms that are not frequently used. They are ideal for saving energy, as they only turn on the lights when someone is present.
Smart switches: These are the most advanced type of light control switches, which can be controlled using a smartphone, tablet, or voice assistant. They offer a range of features, including remote access, scheduling, and integration with other smart home devices.
The global light control switches market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the light control switches industry report include Acuity Brands, Inc., Eaton Corporation, General Electric Company, Honeywell International Inc., Ideal Industries, Legrand S.A., Lutron Electronics, Panasonic, Schneider Electric and Signify (Philips Lighting).
Asia Pacific is projected to witness growth at the highest CAGR in terms of revenue, during the forecast period.
As per Light control switches market analysis, by product type, switches accounted for the largest share in 2020.
On the basis of solution type, the Standalone Light Control Solutions segment accounted for the largest share in 2020.
On the basis of light source, the Light Emitting Diode segment was the major share contributor in 2020.
On the basis of application, the Lighting for Public Places segment was the major share contributor in 2020
Rising urbanization led to increase in the residential, commercial and industrial properties which in turn to increase the demand of light control switches and act as the major driving factor for the market.
Government of developing countries such as India are majorly focusing on projects such as smart cities which also led to create wide opportunities for the light control switches market.
The global light control switches market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2020–2030. The report includes the study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
Impact Of Covid-19 On The Global Light Control Switch Market
The manufacturing of light control switches was stopped for a specific period of time due to high peak of covid-19 situation which led to highly impact the sales of light control switches.
COVID-19 impacted almost all industries by hindering various industrial operations and disrupting the supply chain. Maximum companies halted their operation due to less workforce. However, there is a sluggish decline in the global light control switches market due to impact of COVID-19.
After the reopening of lockdown, people are avoiding to touch physical things which led to increase the demand of smart switches. However, after lockdown it shows positive impact on sales on wireless and highly automated light control switches.
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