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Light Control Switches Market Size

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

Light Control Switches Market Size

Light Control Switches Market was valued at over USD 7.8 billion in 2023 and is anticipated to grow at a CAGR of over 9% between 2024 and 2032. Smart lighting and home automation are gaining traction in the industry. Customers are increasingly seeking energy-efficient lighting solutions to reduce electricity consumption and lower their carbon footprint. The demand for smart lighting solutions has grown significantly as customers seek greater control, convenience, and automation in their lighting systems.

 

For instance, in August 2021, ABB India launched the Millenium and Zenit range of switches to electrify the country with safe, and sustainable switches. These switches, tailored to both homes and commercial buildings, allow customers to switch from conventional lighting to an eco-efficient intelligent alternative.
 

Lighting technology is undergoing continuous innovations, leading to the development of light control switches incorporated with advanced features, functionalities, and capabilities such as dimming control, brightness adjustment, color temperature adjustment, and scene management. They are also being equipped with scheduling, automation, and voice control, and integrated with other smart home devices and systems to offer enhanced comfort, convenience, and efficiency in various residential, commercial, and outdoor lighting applications.
 

The compatibility and interoperability issues between different brands, manufacturers, technologies, platforms, and communication standards of light control switches, lighting controls, and smart lighting solutions create challenges. Lack of product interoperability can make it hard to find controls that work with a broad set of luminaire manufacturers, and trying to manage different control systems can be taxing for facility managers.

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

Light Control Switches Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 368
  • Countries covered: 21
  • Pages: 220
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