Light Control Switches Market by Product Type (Switches and Dimmers), Light Source (High intensity Discharge, Light Emitting Diode, Compact Fluorescent Lamp, Incandescent, and Others), and End Use (Commercial, Residential, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026
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Jul 2020 |
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Light control switches are advanced switches that provide smart solutions by regulating lights from a centralized point. These enable communication between inputs and outputs linked to lighting controls through mobile, laptops, and remotes. Light control switches are used in electrical lights and controlled by electronic device permanently. These switches are responsible for regulating the quality of light and provide required amount of light as per need. The advantage offered by light control switches over conventional switches is their capability to control a group of lights from a single user interface with efficiency. Many companies are offering innovative product ranges to deal with the growing competition in the market. For instance, Lutron Electronics Co, Inc. a U.S.-based company, is one of the leading manufacturer of lighting switches. It developed standalone controls products called Dimmers and switches comprising styles, colors, and control options, which enhances convenience, security, and ambiences. In addition, Hubbell Lighting Inc., a well- known leader in lighting innovation. It also launched visible light disinfection technology in light control switches named Spectra Clean specially for the industrial market, which does not harm humans, plants, and any other materials.
The light control switches market is expected to witness significant growth during the forecast period, owing to rapid emergence of industries and multiple organizations in urban areas, which further increases the usage of lights. Thus, to control and monitor the operation, light control switches are an intelligent and the best solution. Light control switches are energy-efficient, cost-effective, and flexible i.e. easy to install. Moreover, increase in adoption of smart phones as it facilitates users to operate lights from mobile phones as well as rise in technological advancements and automation are some factors responsible for the light control switches market growth.
Nonetheless, factors such as integration of IoT in light control switches, increase in urbanization coupled with rise in government funding toward adoption of automated light control switches, and surge in demand for energy saving lighting systems are the major drivers for the light control switches market. However, high installation cost hinders the market growth. Furthermore, increase in demand for wireless technologies and surge in usage of LED lights followed by rise in demand for automated home provides lucrative growth opportunities to the market.
The light control switches market is segmented by product type, light source, end use, and region. Based on product type, the market is classified into switches and dimmers. Based on light source, the market is classified into high intensity discharge, light emitting diode, compact fluorescent lamp, incandescent and others. Based on end use, the market is categorized into commercial, residential, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the light control switches industry are Leviton Manufacturing Co., Inc., Lutron Electronics Co., Inc., Legrand S.A., Cooper Industries, Inc., Hubbell Lighting, Inc., Honeywell International Inc., Schneider Electric Se, Koninklijke Philips N.V., Daintree Networks, Inc. and Acuity Brands Lighting, Inc. These players focus on R&D and advancements of the electronic devices. These players adopt collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the light control switches market and develop new products for enhancing their product portfolio.
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- This study includes the analytical depiction of the global light control switches market share along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities.
- The current market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
KEY MARKET SEGMENTS
By Product Type
- Switches
- Dimmers
By Light Source
- High intensity discharge
- Light Emitting Diode
- Compact Fluorescent lamp
- Incandescent
- others
By End Use
- Commercial
- Residential
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
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