Product Code: TIPTE100000568
The light control switches market is projected to reach US$ 12,696.07 million by 2028 from US$ 7,997.68 million in 2021; it is expected to grow at a CAGR of 6.8% from 2021 to 2028.
Light control switches are used to regulate or control the quality, level, or pattern of light as per the user's requirement. The increasing penetration of advanced light control in commercial and outdoor lighting owing to the focus on energy efficiency is one of the major factors driving the light control switches market. The light control switches market is segmented on the basis of switch solution, connection type, end user, and geography. Based on switch solutions, the light control switches market is bifurcated into standalone switch solutions and integrated switch solutions. Based on connection type, the light control switches market is bifurcated into wired and wireless. By end user, the light control switches market is segmented into commercial, residential, industrial, and public utilities. Based on geography, the light control switches market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.
Lighting is an important aspect of everyday life; it makes houses more secure, comfortable and welcoming for residents and guests. Lighting also has a significant impact on the well-being of occupants, and smart lighting systems bring elegance, ambiance, convenience, and energy efficiency to a residential complex. According to a 2019 survey by the National Association of Home Builders in the US, only around 15% of homeowners have a smart lighting management system, and around 40% would prefer having these systems in their homes. The demand for smart lighting solutions has surged over the years from homeowners across the world. The growing popularity of home automation, connected households, and mood lighting is the key factor influencing the adoption of smart lighting solutions. The demand for smart lighting solutions among the residential complexes drives the light control switches market growth.
North America is a well-developed economy, and the individuals have high disposable incomes owing to the high per capita income of the country. Therefore, owing to the high disposable incomes and strong buying power of the customers, the demand for light control switches is high in the region. Moreover, the high adoption rate of consumer electronics is among the other factors driving the adoption of automated solutions across the industries. The increasing population of North America and changing family structures created the demand for electronic appliances. The presence of the major light control switches market players, such as Acuity Brands, Inc.; Honeywell International Inc.; and Leviton Manufacturing, in the US supports the light control switches market growth. Moreover, technological advancement and supportive government initiatives are also expected to amplify the light control switches market growth in North America during the forecast period.
Impact of COVID-19 Pandemic on Light Control Switches Market
There has been a disruption in the supply chain of many industries due to restrictions in logistics and the closing of manufacturing facilities. In the region, the COVID-19 outbreak has negatively impacted manufacturing and construction businesses in four critical areas-supply chain/operations, workforce, 2020 investments, and product offering. Even though all construction activities have been allowed to continue in most parts of the US and Canada since the start of the COVID-19 pandemic, many projects in the bidding or final planning stages have been delayed or cancelled. As a result, the companies operating in the light control switches market have stopped the production of a product for some time.
Nonetheless, in 2021, with the uplifting of lockdown restrictions and vaccination processes, the manufacturing plants have started again, which helps in creating a positive scenario for the light control switches market growth. The ongoing infrastructure investments and smart city projects have added momentum to the region's construction industry. Engineering and construction firms are key enablers of this powerful vision for upgrading infrastructure to incorporate sensing technology and data analytics that could contribute to making buildings and demand for switches high.
The global light control switches market is analyzed based on geography - North America, Europe, APAC, MEA, and SAM. The APAC accounted for the highest share in the global light control switches market in 2020 and is also expected to grow at the largest CAGR over the forecast period. The rising investment in infrastructural developments across the region across sectors like residential, commercial, and industrial segments is driving the demand for lighting control switches over the years. Lighting systems being one of the major parts of any infrastructural development, the rise in newer and redevelopment construction projects indirectly impacts the demand for lighting solutions and light control switches. Additionally, the region over the years has also experienced a significant rise in the adoption of IoT connecting lighting systems thereby influencing the adoption of smart switches. These factors are further contributing to the growth of the light control switches market.
Panasonic Corporation; Eaton; Savant Systems Inc.; Acuity Brands Inc.; and Leviton Manufacturing Co., Inc. are a few players operating in the global light control switches market and profiled in the market study .
The overall light control switches market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the light control switches market size. The process also serves the purpose of obtaining an overview and forecast of the light control switches size with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the light control switches market.
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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global light control switches market
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The key findings and recommendations highlight crucial progressive industry trends in the global light control switches market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Light Control Switches Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 North America - PEST Analysis
- 4.2.2 Europe - PEST Analysis
- 4.2.3 Asia-Pacific - PEST Analysis
- 4.2.4 Middle East and Africa - PEST Analysis
- 4.2.5 South America - PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
5. Light Control Switches Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Demand for Smart Home Lighting
- 5.1.2 Increasing Construction of Commercial Complexes
- 5.2 Market Restraints
- 5.2.1 Low Adoption Across Developing Countries
- 5.3 Market Opportunities
- 5.4 Future Trends
- 5.4.1 Large-Scale Integration of Light Control Switches in Commercial Complexes
- 5.5 Impact Analysis of Drivers and Restraints
6. Light Control Switches Market - Global Analysis
- 6.1 Light Control Switches Market Global Overview
- 6.2 Light Control Switches Market - Global Revenue and Forecast to 2028 (US$ Million)
- 6.3 Market Positioning - Five Key Players
7. Light Control Switches Market Analysis - by Switch Solution
- 7.1 Overview
- 7.2 Light Control Switches Market Breakdown, by Switch Solution, 2020 and 2028
- 7.3 Standalone Switch Solution
- 7.3.1 Overview
- 7.3.2 Standalone Switch Solution: Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)
- 7.4 Integrated Switch Solution
- 7.4.1 Overview
- 7.4.2 Integrated Switch Solution: Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)
8. Light Control Switches Market Analysis - by Connection Type
- 8.1 Overview
- 8.2 Light Control Switches Market, by Connection Type (2020 and 2028)
- 8.3 Wired
- 8.3.1 Overview
- 8.3.2 Wired: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 8.4 Wireless
- 8.4.1 Overview
- 8.4.2 Wireless: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
9. Light Control Switches Market Analysis - by End User
- 9.1 Overview
- 9.2 Light Control Switches Market, by End User (2020 and 2028)
- 9.3 Commercial
- 9.3.1 Overview
- 9.3.2 Commercial: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4 Residential
- 9.4.1 Overview
- 9.4.2 Residential: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5 Industrial
- 9.5.1 Overview
- 9.5.2 Industrial: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 9.6 Public Utilities
- 9.6.1 Overview
- 9.6.2 Public Utilities: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
10. Light Control Switches Market - Geographic Analysis
- 10.1 Overview
- 10.2 North America: Light Control Switches Market
- 10.2.1 North America: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.2.2 North America: Light Control Switches Market, By Switch Solution
- 10.2.3 North America: Light Control Switches Market, by Connection Type
- 10.2.4 North America: Light Control Switches Market, by End User
- 10.2.5 North America: Light Control Switches Market, by Key Country
- 10.2.5.1 US: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.2.5.1.1 US: Light Control Switches Market, By Switch Solution
- 10.2.5.1.2 US: Light Control Switches Market, by Connection Type
- 10.2.5.1.3 US: Light Control Switches Market, by End User
- 10.2.5.2 Canada: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.2.5.2.1 Canada: Light Control Switches Market, By Switch Solution
- 10.2.5.2.2 Canada: Light Control Switches Market, by Connection Type
- 10.2.5.2.3 Canada: Light Control Switches Market, by End User
- 10.2.5.3 Mexico: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.2.5.3.1 Mexico: Light Control Switches Market, By Switch Solution
- 10.2.5.3.2 Mexico: Light Control Switches Market, by Connection Type
- 10.2.5.3.3 Mexico: Light Control Switches Market, by End User
- 10.3 Europe: Light Control Switches Market
- 10.3.1 Europe: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.2 Europe: Light Control Switches Market, By Switch Solution
- 10.3.3 Europe: Light Control Switches Market, by Connection Type
- 10.3.4 Europe: Light Control Switches Market, by End User
- 10.3.5 Europe: Light Control Switches Market, by Key Country
- 10.3.5.1 France: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.5.1.1 France: Light Control Switches Market, By Switch Solution
- 10.3.5.1.2 France: Light Control Switches Market, by Connection Type
- 10.3.5.1.3 France: Light Control Switches Market, by End User
- 10.3.5.2 Germany: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.5.2.1 Germany: Light Control Switches Market, By Switch Solution
- 10.3.5.2.2 Germany: Light Control Switches Market, by Connection Type
- 10.3.5.2.3 Germany: Light Control Switches Market, by End User
- 10.3.5.3 Italy: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.5.3.1 Italy: Light Control Switches Market, By Switch Solution
- 10.3.5.3.2 Italy: Light Control Switches Market, by Connection Type
- 10.3.5.3.3 Italy: Light Control Switches Market, by End User
- 10.3.5.4 UK: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.5.4.1 UK: Light Control Switches Market, By Switch Solution
- 10.3.5.4.2 UK: Light Control Switches Market, by Connection Type
- 10.3.5.4.3 UK: Light Control Switches Market, by End User
- 10.3.5.5 Russia: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.5.5.1 Russia: Light Control Switches Market, By Switch Solution
- 10.3.5.5.2 Russia: Light Control Switches Market, by Connection Type
- 10.3.5.5.3 Russia: Light Control Switches Market, by End User
- 10.3.5.6 Rest of Europe: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.5.6.1 Rest of Europe: Light Control Switches Market, By Switch Solution
- 10.3.5.6.2 Rest of Europe: Light Control Switches Market, by Connection Type
- 10.3.5.6.3 Rest of Europe: Light Control Switches Market, by End User
- 10.4 APAC: Light Control Switches Market
- 10.4.1 APAC: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.2 APAC: Light Control Switches Market, By Switch Solution
- 10.4.3 APAC: Light Control Switches Market, by Connection Type
- 10.4.4 APAC: Light Control Switches Market, by End User
- 10.4.5 APAC: Light Control Switches Market, by Key Country
- 10.4.5.1 China: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.5.1.1 China: Light Control Switches Market, By Switch Solution
- 10.4.5.1.2 China: Light Control Switches Market, by Connection Type
- 10.4.5.1.3 China: Light Control Switches Market, by End User
- 10.4.5.2 India: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.5.2.1 India: Light Control Switches Market, By Switch Solution
- 10.4.5.2.2 India: Light Control Switches Market, by Connection Type
- 10.4.5.2.3 India: Light Control Switches Market, by End User
- 10.4.5.3 Japan: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.5.3.1 Japan: Light Control Switches Market, By Switch Solution
- 10.4.5.3.2 Japan: Light Control Switches Market, by Connection Type
- 10.4.5.3.3 Japan: Light Control Switches Market, by End User
- 10.4.5.4 South Korea: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.5.4.1 South Korea: Light Control Switches Market, by Connection Type
- 10.4.5.4.2 South Korea: Light Control Switches Market, by End User
- 10.4.5.5 Rest of APAC: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.5.5.1 Rest of APAC: Light Control Switches Market, By Switch Solution
- 10.4.5.5.2 Rest of APAC: Light Control Switches Market, by Connection Type
- 10.4.5.5.3 Rest of APAC: Light Control Switches Market, by End User
- 10.5 MEA: Light Control Switches Market
- 10.5.1 MEA: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5.2 MEA: Light Control Switches Market, By Switch Solution
- 10.5.3 MEA: Light Control Switches Market, by Connection Type
- 10.5.4 MEA: Light Control Switches Market, by End User
- 10.5.5 MEA: Light Control Switches Market, by Key Country
- 10.5.5.1 South Africa: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5.5.1.1 South Africa: Light Control Switches Market, By Switch Solution
- 10.5.5.1.2 South Africa: Light Control Switches Market, by Connection Type
- 10.5.5.1.3 South Africa: Light Control Switches Market, by End User
- 10.5.5.2 Saudi Arabia: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5.5.2.1 Saudi Arabia: Light Control Switches Market, By Switch Solution
- 10.5.5.2.2 Saudi Arabia: Light Control Switches Market, by Connection Type
- 10.5.5.2.3 Saudi Arabia: Light Control Switches Market, by End User
- 10.5.5.3 UAE: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5.5.3.1 UAE: Light Control Switches Market, By Switch Solution
- 10.5.5.3.2 UAE: Light Control Switches Market, by Connection Type
- 10.5.5.3.3 UAE: Light Control Switches Market, by End User
- 10.5.5.4 Rest of MEA: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5.5.4.1 Rest of MEA: Light Control Switches Market, By Switch Solution
- 10.5.5.4.2 Rest of MEA: Light Control Switches Market, by Connection Type
- 10.5.5.4.3 Rest of MEA: Light Control Switches Market, by End User
- 10.6 SAM: Light Control Switches Market
- 10.6.1 SAM: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.6.2 SAM: Light Control Switches Market, By Switch Solution
- 10.6.3 SAM: Light Control Switches Market, by Connection Type
- 10.6.4 SAM: Light Control Switches Market, by End User
- 10.6.5 SAM: Light Control Switches Market, by Key Country
- 10.6.5.1 Brazil: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.6.5.1.1 Brazil: Light Control Switches Market, By Switch Solution
- 10.6.5.1.2 Brazil: Light Control Switches Market, by Connection Type
- 10.6.5.1.3 Brazil: Light Control Switches Market, by End User
- 10.6.5.2 Argentina: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.6.5.2.1 Argentina: Light Control Switches Market, By Switch Solution
- 10.6.5.2.2 Argentina: Light Control Switches Market, by Connection Type
- 10.6.5.2.3 Argentina: Light Control Switches Market, by End User
- 10.6.5.3 Rest of SAM: Light Control Switches Market - Revenue and Forecast to 2028 (US$ Million)
- 10.6.5.3.1 Rest of SAM: Light Control Switches Market, By Switch Solution
- 10.6.5.3.2 Rest of SAM: Light Control Switches Market, by Connection Type
- 10.6.5.3.3 Rest of SAM: Light Control Switches Market, by End User
11. Light Control Switches Market - COVID-19 Impact Analysis
- 11.1 Overview
- 11.1.1 North America COVID-19 Impact Analysis
- 11.1.2 1.1.2 Europe COVID-19 Impact Analysis
- 11.1.3 APAC COVID-19 Impact Analysis
- 11.1.4 MEA COVID-19 Impact Analysis
- 11.1.5 South America COVID-19 Impact Analysis
12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.3 New Product Development
- 12.4 Merger and Acquisition
13. Company Profiles
- 13.1 ACUITY BRANDS, INC.
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Eaton
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Honeywell International Inc.
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 LEGRAND SA
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Leviton Manufacturing Co., Inc.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 Lutron Electronics Co., Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 OSRAM GmbH
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Panasonic Corporation
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Schneider Electric SE
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Helvar
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
14. Appendix
- 14.1 About The Insight Partners
- 14.2 Word Index