Light Control Switches Market is expected to reach US$ 12,696.07 Million by 2028

Surging Number of Product Launches to Provide Growth Opportunities for Light Control Switches Market during 2021–2028

According to our latest market study on "Light Control Switches Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Switch Solution, Connective Type, and End User," the market is expected to grow from US$ 7,997.68 million in 2021 to US$ 12,696.07 million by 2028; it is anticipated to grow at a CAGR of 6.8% from 2021 to 2028.

The continuously growing demand for light control switches has compelled the market players to raise investments in the development of new and innovative product offerings. A few of the major product developments are mentioned below:

• • • ABB India launched a new range of light control switches in August 2021. ISI-certified Millenium and Zenit switch launched by the company provide control, functionality, and comfort to consumers in smart buildings that can be readily upgraded with the most up-to-date smart home automation systems. Customers may switch from traditional lighting to an eco-friendly intelligent alternative with these switches, which are designed for both residences and commercial facilities.
    • LEGRAND SA, in March 2022, expanded its product portfolio with the launch of new radiant wave switches. These switches, available in 15A and 20A variants, provide a straightforward, streamlined solution for improving cleaning processes in both commercial and residential settings. Users may enable gesture control options for turning lights or motorized equipment, such as garbage disposals, on and off without touching the switches; they can simply wave to switch the systems on or off.
    • In March 2021, Schneider Electric announced the launch of its antiviral and antibacterial switches. These switches are powered by Silver Ion technology that can kill over 99.9% of germs and disinfect itself. These switches are manufactured in line with international testing standards. They are available in two varieties that are designed and manufactured in India as part of Schneider Electric's commitment to creating the Atmanirbhar Bharat.

Such advancements in light control switches, supported by high investments by the global manufacturers to enhance their product portfolio and innovate products as per customer changing requirements, are expected to contribute to the growth of the light control switches market during the forecast period.

North America is among the worst-hit regions by the COVID-19 pandemic. 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, 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 canceled. As a result, the companies operating in the light control switches market have stopped the production of a product for some time.

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 make buildings and demand for switches high.

The light control switches market is segmented on the basis of switch solution, connection type, and end user. Based on switch solution, the market is bifurcated into standalone switch solution and integrated switch solution. Based on connection type, the market is bifurcated into wired and wireless. By end user, the market is segmented into commercial, residential, industrial, and public utilities. Geographically, the light control switches market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Light Control Switches Market - by Geography, 2020

ACUITY BRANDS, INC.; Eaton; Honeywell International Inc.; LEGRAND SA; Leviton Manufacturing Co., Inc.; Lutron Electronics Co., Inc; OSRAM GmbH; Panasonic Corporation; Schneider Electric SE; Helvar; Signify Holding.; and SAVANT TECHNOLOGIES LLC are among the major players operating in the global light control switches market. Further, several other important market players were studied and analyzed during the course of the market research study to get a holistic view of the light control switches market and its ecosystem.

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