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Light Control Switches Market Share

Report ID: GMI9174
Published Date: Apr 2024
Report Format: PDF

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Light Control Switches Market Share

Legrand and Schneider Electric held over 12% of the light control switches industry share in 2023. Legrand is a global leader in electrical and digital building infrastructures, offering a comprehensive range of products, solutions, and services in the areas of electrical wiring devices, home automation, lighting controls, electrical enclosures, and network infrastructure. In the market, Legrand stands out as a prominent player with a strong presence and reputation for delivering innovative, reliable, and high-quality light control solutions, systems, and technologies that enhance comfort, convenience, efficiency, and control over lighting environments in residential, commercial, and outdoor spaces.

Schneider Electric is a global leader in energy management and automation solutions, offering a comprehensive range of products, systems, and services designed to optimize energy usage, enhance operational efficiency, and improve sustainability in various residential, commercial, and industrial applications. In the light control switches industry, Schneider Electric offers a diverse portfolio of innovative and advanced light control switches.

Light Control Switches Market Companies

Major players operating in the market are:

Legrand
Schneider Electric
Lutron Electronics Co., Inc.
Signify Holding
OSRAM
Panasonic Corporation
Hubbell

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for light control switches was valued at USD 7.8 billion in 2023 and is anticipated to grow at over 9% CAGR between 2024 and 2032, driven by the increasing demand for energy-efficient lighting solutions.

The switches segment dominated the market share with 60% in 2023, owing to the growing demand for customizable and personalized lighting experiences, atmospheres, and environments among consumers.

The market in Asia Pacific is witnessing remarkable growth, with a 10% CAGR from 2024 to 2032, attributed to rapid urbanization, increasing construction activities, the expanding real estate sector, and the growing demand for advanced & intelligent lighting control solutions.

Legrand, Schneider Electric, Lutron Electronics Co., Inc., Signify Holding, OSRAM, Panasonic Corporation and Hubbell