Light control switches are used for the purpose of regulating or controlling the quality, level or pattern of light as per the user requirement. The increasing penetration of advanced light control in commercial and outdoor lighting owing to the focus on energy-efficiency is one of the major driver for the light control switches market.
The "Global Light Control Switches Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the light control switches market with detailed market segmentation switch solution, connection type, and geography. The report provides key statistics on the market status of the leading light control switches market players and offers key trends and opportunities in the market.
- Based on switch solution, the global light control switches market is segmented into standalone switch solution and integrated switch solution.
- On the basis of connection type, the market is segmented into wired and wireless.
- Based on end user, the market is segmented into commercial, residential, industrial, and public utilities.
- Rapid urbanization leading to overall growth and demand for infrastructure in emerging economies have led to regulations for use of lighting controls, which will drive the market in coming years, whereas lack of knowledge of installation cost can act as a restraining factor in the market.
- Growing awareness of lighting control and increasing demand from various sectors will bring new opportunities in the market.
- Lack of awareness of the installation cost can act as a restraining factor in the market growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The light control switches market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the light control switches market in these regions.
IMPACT OF COVID-19 ON LIGHT CONTROL SWITCHES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the light control switches market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from light control switches market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the light control switches market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Acuity Brands Lighting Inc.
- Signify (Philips Lighting)
- Eaton Corporation Inc
- Honeywell International Inc.
- Levitron Manufacturing Co. Inc.
- Lutron Electronics Co., Inc
- Osram GmbH
- Panasonic Corporation
- Schneider Electric SE
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.