The Future of the Global Light Control Switches Market, 2025: $10+ Billion Opportunity Assessment – PRNewswire

DUBLIN, March 3, 2020 /PRNewswire/ -- 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 global 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.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Premium Insights

5. Market Overview5.1. Introduction5.2. Market Dynamics5.2.1. Drivers5.2.2. Restraints5.2.3. Opportunities5.2.4. Challenges

6. Industry Trends6.1. Introduction6.2. Value Chain Analysis6.3. Key Industry Trends

7. Light Control Switches Market, By Product Type7.1. Introduction7.2. Switches7.2.1. Manual ON/OFF Switches7.2.1.1. Toggle switches7.2.1.2. Rocker switches7.2.1.3. Illuminated switches7.2.2. Electronic Switches7.2.2.1. Wireless switches7.2.2.2. Sensor-based switches7.2.2.3. Others7.3. Dimmers7.3.1. Wired Dimmers7.3.2. Wireless Dimmers

8. Light Control Switches Market, By Switch Solutions8.1. Introduction8.2. Standalone switch solution8.3. Integrated switch solution

9. Light Control Switches Market, By End-use Application9.1. Introduction9.2. Indoor9.2.1. Residential9.2.2. Commercial9.2.3. Industrial9.2.4. Others9.3. Outdoor9.3.1. Highways & Roadways Lighting9.3.2. Architectural Lighting9.3.3. Lighting for Public Places9.3.4. Others

10. Light Control Switches Market, By Communication Protocol10.1. Introduction10.2. Wired10.2.1. DALI10.2.2. KNX10.2.3. Digital multiplex (DMX)10.3. Wireless10.3.1. Zigbee10.3.2. BLE10.3.3. EnOcean10.3.4. Wi-Fi10.3.5. Z-wave

11. Light Control Switches Market, By Geography11.1. Introduction11.2. North America11.2.1. US11.2.2. Canada11.2.3. Mexico11.3. Europe11.3.1. UK11.3.2. Germany11.3.3. France11.3.4. Italy11.3.5. Spain11.3.6. Rest of Europe11.4. APAC11.4.1. China11.4.2. Japan11.4.3. India11.4.4. South Korea11.4.5. Rest of APAC11.5. RoW11.5.1. Middle East & Africa11.5.2. South America

12. Competitive Landscape12.1. Introduction12.2. Market Ranking Analysis12.3. Competitive Leadership Mapping12.4. Competitive Scenario12.4.1. New Product Launches and Developments12.4.2. Acquisitions12.4.3. Agreements and Contracts12.4.4. Expansion

13. Company Profiles13.1. Key Players13.1.1. Signify Holding (Philips Lighting)13.1.2. Legrand S.A.13.1.3. Eaton Corporation PLC13.1.4. OSRAM Licht AG13.1.5. Acuity Brands, Inc.13.1.6. Lutron Electronics13.1.7. Schneider Electric SE13.1.8. Honeywell International Inc.13.1.9. Hubbell Incorporated13.1.10. Leviton Manufacturing Company, Inc.13.1.11. Havells India Limited (Havells)13.2. Other Important Players13.2.1. Dialight PLC13.2.2. Helvar13.2.3. Zumbtobel Group13.2.4. Ideal Industries13.2.5. General Electric Company (Current-Powered by GE)13.2.6. ABB13.2.7. Siemens13.2.8. LightwaveRF PLC13.2.9. RAB Lighting13.2.10. Synapse Wireless, Inc.13.2.11. Panasonic

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The Future of the Global Light Control Switches Market, 2025: $10+ Billion Opportunity Assessment - PRNewswire