DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
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. Factors such as lack of awareness regarding installation cost and payback period for smart lighting solutions and privacy and security issues with smart lighting control are restraining the growth of the light control switches market.
Wired technology is expected to hold a larger share of the light control switches market by 2025.
Currently, the light control switches and dimmers based on wired technology are widely adopted for different types of structures as this technology offers reliable connectivity, with no limitation on long-distance data transfer. Wired communication technologies for light control switches and dimmers include Digital Addressable Lighting Interface (DALI), Power-line Communication (PLC), and various wired hybrid protocols, which include company-specific proprietary protocols. Wired protocols offer reliable performance and greater control; thus, the technology held the largest share of the market.
Highways & roadways to hold the largest size of light control switches market for outdoor application during the forecast period.
The highways & roadways lighting application segment holds the largest market share of the outdoor light control switches application due to government support and subsidies encouraging the installation and use of smart light control solutions. As of now, the latest trend in the street lighting segment is the replacement of existing street lighting sources with LED street lights to reduce energy consumption significantly.
Light control switches market in APAC expected to grow at highest CAGR during the forecast period.
The light control switches market in APAC is expected to grow at the highest CAGR during the forecast period. This growth is attributed to rapid infrastructure building activities being undertaken in APAC, mainly in China and India, where smart light control solutions pave 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.
Reasons to Buy the Report:
- Illustrative segmentation, analysis, and forecast pertaining to the light control switches market based on product type, end-use application, communication technology, switch solutions, light source, and geography have been conducted to provide an overall view of the light control switches market.
- Major drivers, restraints, opportunities, and challenges for the light control switches market have been detailed in this report.
- The report includes a detailed competitive landscape of key players in the market and their market ranking.
Key Topics Covered:
1.1. Objective of the Study
1.2. Market Definition
1.2.1. Inclusion & Exclusion
1.3. Study Scope
1.3.1. Years Considered for the Study
2. Research Methodology
2.1. Research Data
2.1.1. Secondary Data
2.2. Market size estimation
2.2.1. Bottom-Up Approach
2.2.2. Top-Down Approach
2.3. Market Breakdown and Data Triangulation
2.4. Research Assumptions
3. Executive Summary
4. Premium Insights
5. Market Overview
5.2. Market Dynamics
6. Industry Trends
6.2. Value Chain Analysis
6.3. Key Industry Trends
7. Light Control Switches Market, By Product Type
7.2.1. Manual ON/OFF Switches
7.2.2. Electronic Switches
7.3.1. Wired Dimmers
7.3.2. Wireless Dimmers
8. Light Control Switches Market, By Switch Solutions
8.2. Standalone switch solution
8.3. Integrated switch solution
9. Light Control Switches Market, By End-Use Application
9.3.1. Highways & Roadways Lighting
9.3.2. Architectural Lighting
9.3.3. Lighting for Public Places
10. Light Control Switches Market, By Communication Protocol
10.2.3. Digital multiplex (DMX)
11. Light Control Switches Market, By Geography
11.2. North America
12. Competitive Landscape
12.2. Market Ranking Analysis
12.3. Competitive Leadership Mapping
12.4. Competitive Scenario
12.4.1. New Product Launches and Developments
12.4.3. Agreements and Contracts
13. Company Profiles
13.1. Key Players
13.1.1. Signify Holding
13.1.2. Legrand S.A.
13.1.3. Eaton Corporation PLC
13.1.4. OSRAM Licht AG
13.1.5. Acuity Brands, Inc
13.1.6. Lutron Electronics
13.1.7. Schneider Electric SE
13.1.8. Honeywell International Inc.
13.1.9. Hubbell Incorporated
13.1.10. Leviton Manufacturing Company, Inc.
13.1.11. Havells India Limited
13.2. Other Important Players
13.2.1. Dialight PLC
13.2.3. Zumbtobel Group
13.2.4. Ideal Industries
13.2.5. General Electric Company
13.2.8. LightwaveRF PLC
13.2.9. RAB Lighting
13.2.10. Synapse Wireless, Inc.
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