0
2022
Light Control Switches Market

Light Control Switches Market by Product Type (Switches and Dimmer), Solution Type (Standalone Light Control Solutions and Integrated Light Control Solutions), Communication Technology (Wired Technology and Wireless Technology), Light Source (Incandescent, Fluorescent, High-intensity Discharge, Light Emitting Diode, and Compact Fluorescent Lamp (CFL)), and Application (Residential, Commercial, Industrial, Highways & Roadways Lighting, Architectural Lighting, and Lighting for Public Places): Global Opportunity Analysis and Industry Forecast 2021–2030

A05414
Pages: 205
Jan 2022 | 4138 Views
Author(s) : Ujjwal Tyagi , Eswara Prasad
Tables: 178
Charts: 79
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COVID-19

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Light Control Switches Market Growth - 2030

The global light control switches market Size was valued at $7.2 billion in 2020, and is projected to reach $12.5 billion by 2030, growing at a CAGR of 5.7% from 2020 to 2030. Light control switch is used to turn the lights ON and OFF using a switch or adjust light output up and down using a dimmer. The key use of light control switches is to reduce energy costs and improve sustainability and provides flexibility to meet user visual needs. In addition, light is the basic amenity across the globe, and there are lot of transformation in the light industry due to high prices of power and rising demand of bright & low intensity lights. 

Sales of light control switches is directly proportional to construction. Construction has been negatively impacted amid the lockdown imposed due to the COVID-19 outbreak and recorded a huge decline in sale of light control switches in 2020, which also led to decline in sale of light control switches.

Moreover, compact fluorescent lamp (CFL) & light emitting diode consume low electricity, which leads to increase in their demand, thus fostering the need for light control switches. Moreover, technological advancements in the electronic industry led to introduction of remote switches and Wi-Fi switches, which are used to control lights from remotely. Wi-Fi light switches are compatible with various hubs and can typically be integrated into a whole home system. Furthermore, urbanization and industrialization play a vital for light control switches market, as urbanization has led to increase in residential and commercial properties, which, in turn, fosters the need for light switches. 

Light-control-switch-Market

In addition, government rules and regulations regarding the installation of electric control switches in residential and commercial establishments and inclination of end users toward feature-laden light control switches are anticipated to encourage builders and contractor to deploy light control switches in their construction projects. 

The light control switches market is segmented into product type, solution type, application, communication technology, light source, application, and region. Depending on product type, the market is categorized into switches and dimmer. On the basis of solution type, it is divided into standalone light control solutions and integrated light control solutions. By communication technology, it is classified into wired technology and wireless technology. Depending on light source, it is classified into incandescent, fluorescent, high-intensity discharge, light emitting diode, and compact fluorescent lamp (CFL). As per application, it is classified into residential, commercial, industrial, highways & roadways lighting, architectural lighting, and lighting for public places. Region wise, it categorized into North America, Europe, Asia-Pacific, and LAMEA. 

The global light control switches industry analysis covers in-depth information about the major industry participants. The key players operating and profiled in the 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).

Global light control switches market, by product type

By product type, the switches segment dominated the global light control switches market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed to development of electric infrastructure across the globe, which led to increase the demand for lights switches.

Light Control Switches Market
By Product Type

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Switch segment is projected to create abundant $ opportunity till 2030

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Global light control switches market, by solution type

On the basis of solution type, the standalone light control solutions segment dominated the global light control switches market in 2020, and is projected to remain the fastest growing segment during the forecast period. This is attributed to rise in demand for incandescent, fluorescent, high-intensity discharge, light emitting diode, and compact fluorescent lamp (CFL) lights.

Light Control Switches Market
By Solution Type

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Standalone Light Control Solutions segment is projected as the most lucrative segment.

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Global light control switches market, by communication technology

On the basis of communication technology, the wired technology segment dominated the global light control switches market in 2020, and is projected to remain the fastest growing segment during the forecast period. This is attributed to rise in urbanization and infrastructural development.

Light Control Switches Market
By Communication Technology

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Wired Technology segment is projected as the most lucrative segment.

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Global light control switches market, by light source

As per light source, the light emitting diode segment dominated the global light control switches market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed to its low power consumption and bright light feature 

Light Control Switches Market
By Light Source

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Light Emitting Diode segment is projected as the most lucrative segment.

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Global light control switches market, by application

By application, the residential segment dominated the global light control switches market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed to rapid urbanization and increase demand from residential sector.

Light Control Switches Market
By Application

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Lighting For Public Places segment is projected as the most lucrative segment.

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Light control switches market, by region

Region wise, Asia-Pacific is dominated the global light control switches market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed to rise in population and rapid urbanization.

Light Control Switches Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020

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Key Benefits For Stakeholders

  • The report provides an in-depth analysis of the global light control switches market trends along with the current and future market forecast.
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global light control switches market for strategy building.
  • A comprehensive global light control switches market analysis covers factors that drive and restrain the market growth.
  • The qualitative data in this report aims on market dynamics, trends, and developments.

Impact Of Covid-19 On The Global Light Control Switches Market

  • The manufacturing of light control switches stopped for a specific period of time due to the outbreak of the COVID1-19 pandemic, which highly impacted the sales of light control switches.
  • Sales of light control switches is directly proportional to construction. Construction has been negatively impacted amid the lockdown imposed due to the COVID-19 outbreak, and recorded a huge decline in sale of light control switches in 2020, which led to decline in sale of light control switches.
  • The spread of the coronavirus had a severe impact on global economy through declines in exports, output, demand from overseas tourists, and private use. The major exporter of electronic items and decrease in demand for electronics led to decline in demand for 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 market due to impact of COVID-19. 
  • The electronic industry acquired a significant share in terms of consumption of light control switches. Attributed to the outbreak of COVID-19 pandemic, the demand for electronic items has increased due to increase in work-from-home culture, which, in turn, increases the demand for light control switches.
  • Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using light control switches, affecting the global light control switches market. 
  • According to the UNIDO, 30.0–70.0% of pre-COVID-19 workforce of various industries, such as electrical and other third-party vendors migrated to their hometowns, due to uncertainties and loss of income during the lockdown. This unavailability or less availability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting in decline in demand for raw materials used in light control switches. This is expected to decline the growth of the market. 
  • Owing to the COVID-19 pandemic, the preference for touchless switches increased. However, after lockdown it shows positive impact on sales on wireless and highly automated light control switches which may act as the growth factor for the wireless light control switches..

Key Market Segments & Key Market Players

Segments Sub-segments
By Product Type
  • Switches
  • Dimmer
By Solution Type
  • Standalone Light Control Solutions
  • Integrated Light Control Solutions
By Communication Technology
  • Wired Technology
  • Wireless Technology
By Light Source
  • Incandescent
  • Fluorescent
  • High-intensity Discharge
  • Light Emitting Diode
  • Compact Fluorescent Lamp (CFL)
By Application
  • Residential
  • Commercial
  • Industrial
  • Highways & Roadways Lighting
  • Architectural Lighting
  • Lighting for Public Places
By region
  • North America
  • Europe
  • Asia-Pacific
  • LAMEA
 

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According to the insights of the CXOs, the global light control switches market has registered a dynamic growth over the past few years, owing to drastic growth in real estate and commercialization. In addition, huge investment plans of government of every nation with respect to infrastructure development boosted the light control switches market. In addition, light control switches are used for reducing lighting ON time, intensity or zoning, lighting controls reduce both demand, and energy consumption. According to the Lawrence Berkeley National Laboratory, popular lighting control strategies produce 24–38% average lighting energy savings, which reduces building operating costs. Owing to strong energy savings, majority of state commercial building energy codes require a wide range of controls in new construction. In existing construction, the controllability of LED lighting results in an ideal pairing with controls, combining to minimize energy costs.

The CXOs further added that rapid infrastructure development escalated the demand for light control switches system. In addition, the developing nations such as India, China, and Japan plans to increase urbanization and launch new projects such as smart cities, which is expected to increase the demand of light control switches, thus opening new avenues for the market growth.

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FREQUENTLY ASKED QUESTIONS?

A. Rapid urbanization and industrialization, increase in usage of LEDs, CFLs, and other lights and increase in concerns towards industrial safety are the major driving factors for the light control switches market. In addition, Obligatory governing regulations and focus on energy saving and the flexibility of light control switches creates the ample of opportunities in the Light Control Switches Market

A. New product launch, acquisition, agreement and business expansion are the key growth strategy of Light Control Switches Market players

A. The report sample for global Light Control Switches Market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. Asia-Pacific will provide more business opportunities for Light Control Switches in future

A. Acuity Brands Lighting, Inc., Eaton Corporation Plc., General Electric, Honeywell International, Ideal Industries, Inc., Legrand S.A., Lutron Electronics Co., Inc, Panasonic Corporation, Schneider Electric, and Signify Holding

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning.

A. Light Emitting Diode segment holds the maximum share of the Light Control Switches Market

A. Switches are used everywhere however, real estate companies, residential, commercial and industrial sector are the major customers of Light Control Switches industry

A. Increase in power rate and rising urbanization & industrialization is the current trend expected to influence the Light Control Switches Market in the next few years

A. Light Control Switches market is expected to reach $12.5 billion by 2030 at a CAGR of 5.7%.

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