The Light Control Switches Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Light Control Switches Market:
https://www.thebusinessresearchcompany.com/report/light-control-switches-global-market-report
According to The Business Research Company’s Light Control Switches Global Market Report 2024, The light control switches market size has grown strongly in recent years. It will grow from $7.12 billion in 2023 to $7.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to energy efficiency regulations, demand for traditional lighting systems, urbanization and infrastructure growth, environmental awareness, commercial and industrial use, government incentives.
The light control switches market size is expected to see strong growth in the next few years. It will grow to $11.21 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to led lighting adoption, electrification of transport, cybersecurity in lighting, urban farming and vertical agriculture, smart home integration. Major trends in the forecast period include biometric authentication methods, smart lighting control, wireless connectivity technologies, adoption of data analytics and insights, human-computer interaction.
Increasing usage of LEDs and other lamps is expected to propel the growth of the light control switches market going forward. The light-emitting diode (LED) is the most energy-efficient and rapidly-developing lighting technology. Quality LED light bulbs to offer better light quality, last longer, and are more durable. The lighting control switches are added to LEDs and other lamps to aid in reducing electricity wastage while simultaneously encouraging energy efficiency. For instance, according to Warehouse-Lighting.com, a US-based manufacturer of lighting products, by 2030, the LEDs are expected to make up 87% of the source of lighting. Therefore, an increase in the usage of LEDs and other lamps will promote the growth of the light control switches market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=6031&type=smp
The light control switches market covered in this report is segmented –
1) By Product Type: Switches, Dimmer
2) By Switch Solution: Standalone Switch Solution, Integrated Switch Solution
3) By Light Source: Incandescent, Fluorescent, High-Intensity Discharge, Light Emitting Diode, Compact Fluorescent Lamp (CFL)
4) By Application: Residential, Commercial, Industrial, Highways And Roadways Lighting, Architectural Lighting, Lighting For Public Places, Other Applications
Technological advancements have emerged as a key trend gaining popularity in the light control switches market. Major players in the market are adopting advanced technologies to launch efficient products in the market. For instance, in May 2021, Orro, a US-based company operating in smart living systems, introduced a new control switch with Alexa capability built into the unit. New Orro Switches are integrated with built-in Alexa’s ESP (Echo Spatial Perception) ensures that the switch closest to the person speaking responds and provides the smart light control, integrated control of other devices, and built-in voice control all from a single device and also provides checking the weather or news, setting timers and reminders.
Top Major Players
Acuity Brands Inc.,
Honeywell International Inc.,
General Electric Company,
Leviton Manufacturing Company Inc.,
Lutron Electronics Co.
The light control switches market report table of contents includes:
1. Executive Summary
…………….
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Light Control Switches Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Light Control Switches Market, Segmentation By Switch Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Light Control Switches Market, Segmentation By Light Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………
Table 75: Acuity Brands Inc. Financial Performance
Table 76: Honeywell International Inc. Financial Performance
Table 77: General Electric Company Financial Performance
Table 78: Leviton Manufacturing Company Inc. Financial Performance
Table 79: Lutron Electronics Co. Inc Financial Performance
Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The starter credit cards global market report 2024 from The Business Research Company provides comprehensive…
The school bus global market report 2024 from The Business Research Company provides comprehensive market…
The polyethylene terephthalate (pet) cups global market report 2024 from The Business Research Company provides…
The organic pet food global market report 2024 from The Business Research Company provides comprehensive…
The octadecanedioic acid global market report 2024 from The Business Research Company provides comprehensive market…
The mobile enterprise application global market report 2024 from The Business Research Company provides comprehensive…