Asia Pacific Light Control Switches Market Size and Competitive Analysis by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Asia 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 :
- 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)
- 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
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
Market Research & Consulting
- 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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- Eaton
- Honeywell International Inc.
- LEGRAND SA
- Leviton Manufacturing Co., Inc.
- Lutron Electronics Co., Inc
- OSRAM GmbH
- Panasonic Corporation
- Schneider Electric SE
- Helvar
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