Global Light Control Switches market accounted for $5.70 billion in 2019 and is expected to reach $12.22 billion by 2027 growing at a CAGR of 10.0% during the forecast period.
Integration of IoT in light control switches, increase in urbanization coupled with the rise in government funding toward adoption of automated light control switches, and surge in demand for energy-saving lighting systems are some of the major factors propelling the growth of the market. However, the high installation cost is hampering the growth of the market.
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 the required amount of light as per need.
Based on the communication technology, the Zigbee segment is going to hold the largest share of the market for wireless communication protocol due to the increasing smart city projects across the world. The technology is designed to be a low power, low data rate, proximity wireless mesh network protocol, to be simpler and less expensive than other wireless network protocols.
By geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the rapid infrastructure building activities being undertaken in the region, mainly in China and India, where smart lighting paves the way for the modernization of infrastructure.
Some of the key players profiled in the Light Control Switches Market include Acuity Brands, Inc, Eaton Corporation, Dialight PLC, Helvar, General Electric Company, Adesto Technologies, Honeywell International Inc, Signify, Legrand S.A, Panasonic, Lutron Electronics, Ideal Industries, Schneider Electric, Leviton Manufacturing Company, Inc, and Synapse Wireless.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019 2020, 2024, and 2027