Asia Pacific Light Control Switches Market to Grow at a CAGR of 7.5% to reach US$ 8,105.87 million from 2021 to 2028

    Asia Pacific Light Control Switches Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Switch Solution (Standalone Switch Solution and Integrated Switch Solution), Connection Type (Wired and Wireless), and End User (Commercial, Residential, Industrial, and Public Utilities)

    Publication Month: May 2022 | Report Code: TIPRE00029176 | No. of Pages: 112 | Category: Electronics and Semiconductor | Status: Published

    The light control switches market in Asia Pacific is expected to grow from US$ 4,898.05 million in 2021 to US$ 8,105.87 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028.

    The real estate industries in developed and developing countries experienced rapid growth over the years with the rise in investments by private and public entities to develop advanced infrastructures, including hospitals, shopping complexes, and other commercial buildings. A few of the major ongoing or future commercial construction projects across the region include the proposal for the reconstruction of Hamamatsucho Shibaura in Tokyo, Japan, which entails developing a 550,000 m2 mixed-use complex across the land areas of 4 ha, with two 232.55 m tall structures. Construction began in the Q3 of 2021 and is projected to be completed by the Q4 of 2030. And Development of Elizabeth Quay Lot V and Lot VI Mixed-Use Complex in Perth, Australia. The project entails the building of two mixed-use skyscrapers, a 58-story mixed-use tower, and a 21-story commercial tower, on the site of a 7,000 m2 area. Construction began in Q3 2021 and is projected to be completed by Q4 2025. Lighting plays a crucial role across commercial complexes, thereby bolstering the demand for cost and energy-efficient lighting systems. Thus, the rising demand for lighting in the real estate industry is driving the demand for light control switches, thus boosting the growth of the light control switches market.

    With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific light control switches market at a substantial CAGR during the forecast period.

    Asia Pacific Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)

    Asia Pacific Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)

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    Asia Pacific Light Control Switches Market Segmentation

    The Asia Pacific light control switches market is segmented on the basis of switch solution, connection type, end user, and country. Based on switch solution, the market is segmented into standalone switch solution and integrated switch solution. In 2020, the standalone switch solution segment held a larger market share; however, integrated switch solution is expected to register a higher CAGR during the forecast period. Based on connection type, the Asia Pacific light control switches market is segmented into wired and wireless. In 2020, the wired segment held a larger market share; however, the wireless segment is expected to register a higher CAGR during the forecast period. Based on end user, the market is segmented into commercial, residential, industrial, and public utility. In 2020, the residential segment held the largest market share; however, the commercial segment is expected to register the highest CAGR during the forecast period. Further, based on country, the Asia Pacific light control switches market is segmented into China, India, Japan, South Korea, and the Rest of Asia Pacific. In 2020, China held the largest market share; however, South Korea is expected to grow at the fastest CAGR during the forecast period.

    Eaton; Honeywell International Inc.; LEGRAND SA; Leviton Manufacturing Co., Inc.; Lutron Electronics Co., Inc.; OSRAM GmbH; Panasonic Corporation; Schneider Electric SE; and Helvar are among the leading companies in the Asia Pacific light control switches market.

    1. Introduction

    1.1 Scope of Study

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    2. Key Takeaways

    3. Research Methodology

    3.1 Coverage

    3.2 Secondary Research

    3.3 Primary Research

    4. Asia Pacific Light Control Switches Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.3 Ecosystem Analysis

    4.4 Expert Opinion

    5. Asia Pacific Light Control Switches Market – Key Market Dynamics

    5.1 Market Drivers

    5.1.1 Increasing Demand for Smart Home Lighting

    5.1.2 Growing Construction of Commercial Complexes

    5.2 Market Restraints

    5.2.1 Stringent Adoption Across Developing Countries

    5.3 Market Opportunities

    5.4 Future Trends

    5.4.1 Burgeoning Integration of Light Control Switches in Commercial Complexes

    5.5 Impact Analysis of Drivers and Restraints

    6. Asia Pacific Light Control Switches Market Analysis

    6.1 Asia Pacific Light Control Switches Market Overview

    6.2 Asia Pacific Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)

    7. Asia Pacific Light Control Switches Market Analysis – by Switch Solution

    7.1 Overview

    7.2 APAC: Light Control Switches Market, By Switch Solution

    7.3 Standalone Switch Solution

    7.3.1 Overview

    7.3.2 Standalone Switch Solution: Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)

    7.4 Integrated Switch Solution

    7.4.1 Overview

    7.4.2 Integrated Switch Solution: Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)

    8. Asia Pacific Light Control Switches Market Analysis – by Connection Type

    8.1 Overview

    8.2 APAC: Light Control Switches Market, by Connection Type

    8.3 Wired

    8.3.1 Overview

    8.3.2 Wired: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    8.4 Wireless

    8.4.1 Overview

    8.4.2 Wireless: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    9. Asia Pacific Light Control Switches Market Analysis – by End User

    9.1 Overview

    9.2 APAC Light Control Switches Market, by End User

    9.3 Commercial

    9.3.1 Overview

    9.3.2 Commercial: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    9.4 Residential

    9.4.1 Overview

    9.4.2 Residential: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    9.5 Industrial

    9.5.1 Overview

    9.5.2 Industrial: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    9.6 Public Utilities

    9.6.1 Overview

    9.6.2 Public Utilities: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    10. Asia Pacific Light Control Switches Market – Country Analysis

    10.1 Overview

    10.1.1 Asia Pacific: Light Control Switches Market, by Key Country

    10.1.1.1 China: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    10.1.1.1.1 China: Light Control Switches Market, By Switch Solution

    10.1.1.1.2 China: Light Control Switches Market, by Connection Type

    10.1.1.1.3 China: Light Control Switches Market, by End User

    10.1.1.2 India: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    10.1.1.2.1 India: Light Control Switches Market, By Switch Solution

    10.1.1.2.2 India: Light Control Switches Market, by Connection Type

    10.1.1.2.3 India: Light Control Switches Market, by End User

    10.1.1.3 Japan: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    10.1.1.3.1 Japan: Light Control Switches Market, By Switch Solution

    10.1.1.3.2 Japan: Light Control Switches Market, by Connection Type

    10.1.1.3.3 Japan: Light Control Switches Market, by End User

    10.1.1.4 South Korea: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    10.1.1.4.1 South Korea: Light Control Switches Market, by Connection Type

    10.1.1.4.2 South Korea: Light Control Switches Market, by End User

    10.1.1.5 Rest of Asia Pacific: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    10.1.1.5.1 Rest of Asia Pacific: Light Control Switches Market, By Switch Solution

    10.1.1.5.2 Rest of Asia Pacific: Light Control Switches Market, by Connection Type

    10.1.1.5.3 Rest of Asia Pacific: Light Control Switches Market, by End User

    11. Industry Landscape

    11.1 Overview

    11.2 Market Initiative

    11.3 New Product Development

    11.4 Merger and Acquisition

    12. Company Profiles

    12.1 Eaton

    12.1.1 Key Facts

    12.1.2 Business Description

    12.1.3 Products and Services

    12.1.4 Financial Overview

    12.1.5 SWOT Analysis

    12.1.6 Key Developments

    12.2 Honeywell International Inc.

    12.2.1 Key Facts

    12.2.2 Business Description

    12.2.3 Products and Services

    12.2.4 Financial Overview

    12.2.5 SWOT Analysis

    12.2.6 Key Developments

    12.3 LEGRAND SA

    12.3.1 Key Facts

    12.3.2 Business Description

    12.3.3 Products and Services

    12.3.4 Financial Overview

    12.3.5 SWOT Analysis

    12.3.6 Key Developments

    12.4 Leviton Manufacturing Co., Inc.

    12.4.1 Key Facts

    12.4.2 Business Description

    12.4.3 Products and Services

    12.4.4 Financial Overview

    12.4.5 SWOT Analysis

    12.4.6 Key Developments

    12.5 Lutron Electronics Co., Inc

    12.5.1 Key Facts

    12.5.2 Business Description

    12.5.3 Products and Services

    12.5.4 Financial Overview

    12.5.5 SWOT Analysis

    12.5.6 Key Developments

    12.6 OSRAM GmbH

    12.6.1 Key Facts

    12.6.2 Business Description

    12.6.3 Products and Services

    12.6.4 Financial Overview

    12.6.5 SWOT Analysis

    12.6.6 Key Developments

    12.7 Panasonic Corporation

    12.7.1 Key Facts

    12.7.2 Business Description

    12.7.3 Products and Services

    12.7.4 Financial Overview

    12.7.5 SWOT Analysis

    12.7.6 Key Developments

    12.8 Schneider Electric SE

    12.8.1 Key Facts

    12.8.2 Business Description

    12.8.3 Products and Services

    12.8.4 Financial Overview

    12.8.5 SWOT Analysis

    12.8.6 Key Developments

    12.9 Helvar

    12.9.1 Key Facts

    12.9.2 Business Description

    12.9.3 Products and Services

    12.9.4 Financial Overview

    12.9.5 SWOT Analysis

    12.9.6 Key Developments

    13. Appendix

    13.1 About The Insight Partners

    13.2 Word Index


    LIST OF TABLES

    Table 1. Asia Pacific Light Control Switches Market – Revenue, and Forecast to 2028 (US$ Million)

    Table 2. China: Light Control Switches Market, By Switch Solution – Revenue and Forecast to 2028 (US$ Million)

    Table 3. China: Light Control Switches Market, by Connection Type – Revenue and Forecast to 2028 (US$ Million)

    Table 4. China: Light Control Switches Market, by End User – Revenue and Forecast to 2028 (US$ Million)

    Table 5. India: Light Control Switches Market, By Switch Solution – Revenue and Forecast to 2028 (US$ Million)

    Table 6. India: Light Control Switches Market, by Connection Type – Revenue and Forecast to 2028 (US$ Million)

    Table 7. India: Light Control Switches Market, by End User – Revenue and Forecast to 2028 (US$ Million)

    Table 8. Japan: Light Control Switches Market, By Switch Solution – Revenue and Forecast to 2028 (US$ Million)

    Table 9. Japan: Light Control Switches Market, by Connection Type – Revenue and Forecast to 2028 (US$ Million)

    Table 10. Japan: Light Control Switches Market, by End User – Revenue and Forecast to 2028 (US$ Million)

    Table 11. South Korea: Light Control Switches Market, By Switch Solution – Revenue and Forecast to 2028 (US$ Million)

    Table 12. South Korea: Light Control Switches Market, by Connection Type – Revenue and Forecast to 2028 (US$ Million)

    Table 13. South Korea: Light Control Switches Market, by End User – Revenue and Forecast to 2028 (US$ Million)

    Table 14. Rest of Asia Pacific: Light Control Switches Market, By Switch Solution – Revenue and Forecast to 2028 (US$ Million)

    Table 15. Rest of Asia Pacific: Light Control Switches Market, by Connection Type – Revenue and Forecast to 2028 (US$ Million)

    Table 16. Rest of Asia Pacific: Light Control Switches Market, by End User – Revenue and Forecast to 2028 (US$ Million)

    Table 17. List of Abbreviation


    LIST OF FIGURES

    Figure 1. Asia Pacific Light Control Switches Market Segmentation

    Figure 2. Asia Pacific Light Control Switches Market Segmentation – By Country

    Figure 3. Asia Pacific Light Control Switches Market Overview

    Figure 4. Standalone Solution Segment Held the Largest Market Share in 2020

    Figure 5. China was the Largest Revenue Contributor in 2020

    Figure 6. Asia Pacific – PEST Analysis

    Figure 7. Asia Pacific Light Control Switches Market– Ecosystem Analysis

    Figure 8. Expert Opinion

    Figure 9. Asia Pacific Light Control Switches Market: Impact Analysis of Drivers and Restraints

    Figure 10. Asia Pacific Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 11. APAC: Light Control Switches Market Revenue Share, By Switch Solution (2020 and 2028)

    Figure 12. Standalone Switch Solution: Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)

    Figure 13. Integrated Switch Solution: Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)

    Figure 14. APAC: Light Control Switches Market Revenue Share, by Connection Type (2020 and 2028)

    Figure 15. Wired: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 16. Wireless: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 17. APAC Light Control Switches Market Revenue Share, by End User (2020 and 2028)

    Figure 18. Commercial: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 19. Residential: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 20. Industrial: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 21. Public Utilities: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 22. Geographic Overview of Asia Pacific Light Control Switches Market

    Figure 23. Asia Pacific: Light Control Switches Market Revenue Share, by Key Country (2020 and 2028)

    Figure 24. China: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 25. India: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 26. Japan: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 27. South Korea: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 28. Rest of Asia Pacific: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

    1. Eaton
    2. Honeywell International Inc.
    3. LEGRAND SA
    4. Leviton Manufacturing Co., Inc.
    5. Lutron Electronics Co., Inc
    6. OSRAM GmbH
    7. Panasonic Corporation
    8. Schneider Electric SE
    9. Helvar
    • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific light control switches market.
    • Highlights key business priorities in order to assist companies to realign their business strategies
    • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific light control switches market, thereby allowing players across the value chain to develop effective long-term strategies
    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
    • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the light control switches market, as well as those hindering it
    • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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