According to the new market research report, "Light Control Switches Market
by Product Type (Switches, Dimmers), Communication Technology (Wired,
Wireless), End-use Application, Switch Solutions (Standalone,
Integrated), Light Source, Geography - Global Forecast to 2025",
The light control switches market is estimated to grow from USD 6.6
billion in 2020 and projected to reach USD 10.1 billion by 2025, at a
CAGR of 8.9%. The major factors driving the growth of the light control
switches market include the advent of integrated lighting control
systems, ongoing and upcoming smart city projects in developing
economies, increasing adoption and reduction in prices of LEDs, and
growing awareness about energy savings among consumers and governments
worldwide.
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Browse 105 market data Tables and 55 Figures spread through 162 Pages and in-depth TOC on "Light Control Switches Market".
Some
of the major players in the light control switches market are Signify
(Philips Lighting) (Netherlands), Legrand S.A. (France), Eaton
Corporation (Ireland), General Electric Company (US), and OSRAM Licht
(Germany), Acuity Brands, Inc. (US), Leviton Manufacturing Company, Inc.
(US), Lutron Electronics (US), Schneider Electric (France), Honeywell
International Inc. (US), Ideal Industries (US), Adesto Technologies
(Echelon Corporation), Panasonic (Japan), Helvar (Finland), LightwaveRF
PLC (UK), RAB Lighting (US), Synapse Wireless (US), and Dialight PLC
(UK).
“DALI protocol to hold the largest
size of light control switches market for wired communication technology
during the forecast period.”
In
2019, the DALI protocol held the largest share of wired communication
technology. As of now, DALI is the predominant communication technology
used owing to its ease of installation, open protocol, and requirement
of less branch wiring than traditional controls. However, technology is
not seen as a dominant protocol in the future due to the escalated
demand for wireless technologies.
“Light control switches market for electronic switches is expected to exhibit high growth during the forecast period.”
Electronic
switches include wireless switches, sensor-based switches, and others.
The adoption of electronic switches is increasing owing to their ability
to control lights effectively and ensure higher energy savings, leading
to very high growth during the forecast period.
“APAC to hold the largest share of light control switches market during the forecast period.”
APAC
accounted for a significant share of the light control switches market
in 2019. APAC is expected to be the fastest-growing region for the light
control switches market during the forecast period owing to the rapid
infrastructure-related activities being undertaken in this region,
mainly in China, where smart lighting paves the way for the
modernization of infrastructure. Factors such as the ever-growing
population, increasing per capita income, as well as vast geographic
expansions, have indirectly contributed to the growth of the market for
light control switches in the Asian countries.
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