[152 Pages Report] Light Control Switches Market Research Report Categorizes Global Market by Product Type (Manual Switches, Electronic Switches and Dimmers), Light Source (Incandescent & Halogen, Fluorescent, LED, HID), End Users and Geography
Pune, India -- (SBWIRE) -- 07/05/2016 -- The global light control switches market is expected to reach USD 6.25 Billion (in terms of value) and 2.85 Billion units (in terms of volume) by 2022, at a CAGR of 7.9% and 8.8%, respectively, between 2016 and 2022. The increasing consumer demand for energy-saving lighting systems, convergence of IoT and lighting, acceptance of standard protocols for lighting control, and favorable government initiatives are driving the growth of this market. The base year considered for this report is 2015, and the forecast period for the market has been considered for the period between 2016 and 2022.
Browse 76 market data tables with 69 figures spread through 152 pages and in-depth TOC on "Light Control Switches Market - Global Forecasts to 2022"
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Residential lighting is expected to lead the light control switches market for end users in terms of volume
The rebound in housing in North America and Europe as well as the urban growth in Asia-Pacific is expected to drive the consumption of light switches & dimmers by residential end users. The commercial end users is expected to lead the market size in terms of value owing to the faster penetration of high-value products such as wireless switches & dimmers compared to residential sector.
Light control switches market for electronic switches is expected to exhibit high growth during the forecast period
Electronic switches include wireless switches, sensor-based switches, and others. The adoption of electronic switches is increasing owing to their ability to control lights effectively and ensure higher energy savings, leading to a very high growth during the forecast period.
The market in the RoW region is expected to grow at the highest rate during the forecast period
The market in Rest of the World (RoW) which includes Middle East & Africa and Latin America is expected to grow at the highest CAGR between 2016 and 2022 because of the rapid electrification and urbanization in Africa and also the increasing expenditure on infrastructure development in the Middle East.
The key players in this market are Legrand (France), Leviton (U.S.), Lutron (U.S.), (U.S.), Cooper Industries (U.S.), Hubbell Lighting (U.S.), Honeywell International Inc. (U.S.), Philips N.V. (Netherlands), and Osram (Germany).
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