Light Control Switches Market to Surpass US$ 12,696.07 Million by 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.

 

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A light control switch regulates the operation of electrical lights, outlets, or other permanently attached lighting-related devices. Different types of light switches are available in the market for various intended usages. Depending on the lighting, several types of switches are used, such as push-button light switches, proximity switches, and dimmer light switches. The light control switches market is experiencing the launch of new products, such as wireless and integrated light switch solutions, for the adoption across smart homes and commercial premises.

The spike in infrastructure needs in emerging economies, increase in urbanization, continuous advancements in technologies, and growing popularity of automation are the major factors supporting the expansion of the light control switches market size. Increased government support for the adoption of automated light control switches and the growing acceptance of wireless technology are other crucial factors facilitating the market growth. In addition, rising awareness and widespread smartphone adoption contribute to the progress of the integrated light control switches market size.

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Impact of COVID-19 Pandemic on Light Control Switches Market

During the first few months of the pandemic, manufacturing declined massively. Many industries, such as automotive, consumer electronics, construction materials, aerospace & defense, mining, glass, and chemicals, observed a decline in their production activities. In the third quarter of 2021, the businesses restarted their operations with less capacity and workforce to control the spread of novel coronavirus. To ensure proper measures are followed, many companies started using automatic technologies and methodologies requiring less human labor. The construction industry was also highly affected during the pandemic, especially during the initial period. This led to a sharp decline in the sale of light control switches across the world, thereby impacting the global light control switches market growth negatively.

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.

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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