Asia Pacific Light Control Switches Market Size and Competitive Analysis by 2028

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

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)

  • Report Date : May 2022
  • Report Code : TIPRE00029176
  • Category : Electronics and Semiconductor
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 112

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)
  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
 

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.

Asia Pacific Light Control Switches Report Scope

Report Attribute Details
Market size in 2021 US$ 4,898.05 Million
Market Size by 2028 US$ 8,105.87 Million
Global CAGR (2021 - 2028) 7.5%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Switch Solution
  • Standalone Switch Solution and Integrated Switch Solution
By Connection Type
  • Wired and Wireless
By End User
  • Commercial
  • Residential
  • Industrial
  • Public Utilities
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Eaton
  • Honeywell International Inc.
  • LEGRAND SA
  • Leviton Manufacturing Co., Inc.
  • Lutron Electronics Co., Inc
  • OSRAM GmbH
  • Panasonic Corporation
  • Schneider Electric SE
  • Helvar
  • Naveen Chittaragi
    Naveen Chittaragi
    Associate Vice President,
    Market Research & Consulting

    Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

    Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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    Our Clients
    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
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