Global Light Control Switches Market Overview, 2023-28

Global Light Control Switches Market Overview, 2023-28

The term ‘lighting control’ is mostly used to specify stand-alone control of lighting systems in a place. A lighting control system is made up of hard-wired time clocks, occupancy sensors, and photocells that regulate fixed groups of lights separately. Manual adjustments are made at each device's position. The phrase 'lighting control system' can also refer to an intelligent networking system of devices linked to application lighting control. Occupancy sensors, relays, light control switches or touchscreens, photocells, and other building systems such as HVAC systems are examples of these devices. Through software programmes or interface devices, lighting control systems can be adjusted both at the device level and at the central computer level. A light control switch is a device that detects movement within a room using motion sensors or transducers and provides automatic functionality or control. These switches make extensive use of motion sensors and transducers. These switches control how electrical lights, connections, and other permanently linked lighting devices work. Consumer demand for various lighting solutions such as fluorescent, high-intensity discharge, and compact fluorescent lamp (CFL), as well as major advancements in integrated lighting control, has been driving market expansion. Furthermore, increased LED adoption, high investments, or government measures to promote smart city infrastructure projects are feeding the market demand for lighting control switches. Growing use of the IIoT to promote workplace optimisation, as well as an increase in R&D activities for smart switches, dimmers, and other products, will affect market growth over time. Furthermore, rising demand for energy-efficient lighting, increased consumer awareness and appeal for smart homes, a focus on smart home automation trends, and many other factors are expected to aid market expansion in the long run. The global light control switches market is also driven by the rising popularity of home automation systems. These systems allow homeowners to automate various aspects of their homes, including lighting, heating, and security systems. Light control switches are a key component of home automation systems, enabling homeowners to control their lighting systems remotely and program them to turn on and off at specific times.

According to the research report, “Global Light Control Switches Market Overview, 2023-28” published by Bonafide Research, the market is anticipated to cross market size of USD 18 Billion, increasing from USD 11.78 Billion in 2022. The market is further expected to grow with 8.46% CAGR by 2023-28. The spike in demand for infrastructure in emerging economies will be a fundamental driver of market expansion. Factors such as rising urbanisation and increased technical advancement and automation are also driving the light control switches market. Furthermore, rising smartphone awareness and use will propel the light control switches market forward. Furthermore, rising product demand from a variety of end-use sectors, as well as rising government funding for the adoption of automated light control switches, will be important drivers affecting the growth of the light control switches market. Another important factor that may moderate the development rate of the light control switches market is the increasing demand for energy-saving lighting solutions. Furthermore, increased wireless technology use and untapped potential in the light control switches market would generate positive prospects for market expansion. The high cost of installation, on the other hand, will slow the market's growth rate. In addition, the absence of internet connectivity in developing countries would represent an additional obstacle to the business. Another factor impeding market expansion is a lack of awareness about installation. The market's expansion can be ascribed to rising demand for energy-efficient lighting systems as well as increased awareness about the advantages of employing light control switches.

Based on the report, the market is segmented into five major regions including North America, Europe, Asia-Pacific, South America and Middle East & Africa. Among them, Asia-Pacific region is dominating the market in 2022. Over the estimated period, Asia-Pacific is expected to be the fastest-growing market. This growth is determined by the rate of infrastructure development activities in APAC, particularly in China and India, where smart lighting paves the way for infrastructure. The advancement and provision of infrastructure, including smart cities from across the region, combined with government policy to promote energy-efficient light sources, drives the market for smart street lights, contributing to the growth of light control switches in this geographical area. Rising investments in infrastructure development across various sectors such as residential, commercial, and industrial fuel demand for lighting control switches in the region. Lighting systems are an important component of any infrastructure development. As a result, the increasing number of new and redevelopment construction projects has an indirect impact on the demand for lighting solutions and light control switches. Furthermore, APAC has seen a considerable increase in the deployment of IoT linking lighting systems over the years, driving the demand for smart switches. These factors are influencing the growth of the light control switches market. Further, based on product types, the global market is segmented into rocker & toggle switches, touch-based switches, dimmers, sensor-based switches, wireless/ kinetic switches and others such as keypad switch, push button, illuminated etc. Among them, rocker & toggle switches are leading the market in 2022. The extensive use of the product in home appliances, including anything from heavy machinery controls to power switches on the back of laptops, as well as in military field equipment, is anticipated to be the main factor driving the growth of the rocker switches market. Market expansion is being significantly fuelled by the growing acceptance of waterproof rocker switches in equipment such as commercial appliances, medical equipment, and outdoor power equipment that requires protection against water and dust penetration. Rocker switches are the best choice for tactical military applications like rifle sights and night vision systems because they can function in extreme and hostile situations. This is another element that is anticipated to fuel market growth for light control switches.

Based on the switch solution, the global light control switches market is divided into Standalone light control solutions and integrated light control solutions. The integrated light control solutions segment is expected to develop at a faster compound annual growth rate throughout the forecast period. It is because integrated lighting controls allow users to modify the lighting settings in a specific place. Several LED lighting manufacturers provide IoT-enabled management systems, allowing users to regulate lighting from smartphones and other internet-connected devices. Furthermore, the wired segment will have the greatest revenue share in the worldwide light control switches market in 2022. This is because of increased urbanisation and infrastructure development. Among the wired communication technologies used in the light control switches industry are Digital Addressable Lighting Interface (DALI), Power-line Communication (PLC), and numerous wired hybrid protocols, which include various company-specific proprietary protocols. Wireless lighting control solutions are gaining popularity as a result of the Internet of Things' capacity to enable their widespread application in a variety of industries, including street lighting. Wireless lighting control solutions can track both human and vehicular activity and direct vehicles to the nearest accessible parking. Lighting controls, such as sophisticated motion sensors, are also widely used in street and traffic light management. Furthermore, the market is likely to expand as a result of the development of wireless communication standards such as Bluetooth Mesh and ZigBee, which make it easier to manage a large number of devices in a big installation.

The residential sector is expected to dominate the market by the upcoming time period owing to factors such as a rising move towards home automation trends and significant investment in residential building construction projects. Increasing consumer awareness of energy-saving solutions, high expenditure on luxury smart home gadgets, and a growing emphasis on wireless technology solutions in households are further propelling the market ahead. Legrand announced the addition of smart lighting solutions using Netatmo smart home technology to its designer switch and outlet collections in August 2021. The company aimed to provide the benefits of smart lighting control with exceptional dependability and flexibility, coupled with its Home + Control software, ensuring homeowners can manage lights and power, create scenes, or make scheduled schedules, among other things, from anywhere. Homeowners can manage their lights and power, create scenes, create scheduled schedules, and much more from anywhere using Legrand's simple Home + Control programme. These aspects will be critical in boosting the market expansion of residential lighting control switches in the next years. The commercial light control switches market is estimated to develop at the fastest CAGR during the forecast period due to increased demand for smart lighting control devices such as electronic switches and wireless dimmers. Commercial buildings, such as offices, malls, and retail stores, which are often vast in terms of area, require an efficient lighting system to assist control electricity costs. Based on the distribution channel, the global digitally controlled switches market is segmented into various distribution channels including retail stores, institutional, supermarket/ hypermarket and online. Among them, retail stores and institutional segments are occupying more than 85% market share in 2022.

Covid-19 Impacts:
The global light control switches market, like many other industries, has been affected by the COVID-19 pandemic. The pandemic has disrupted the supply chain of many industries, including the light control switches market. With many countries implementing lockdowns and restrictions on movement, the production, transportation, and delivery of light control switches have been affected. With many businesses and households facing economic uncertainty and reduced spending power, the demand for light control switches has decreased. Many construction projects have also been put on hold, leading to a decrease in demand for light control switches. With many employees working from home due to the pandemic, the demand for smart home systems and remote-controlled light switches has increased. This shift has presented opportunities for the light control switches market to adapt and innovate. The pandemic has also accelerated the development and adoption of touchless technology, including touchless light switches. With the need to reduce contact and the spread of germs, touchless light switches have become more popular and are expected to continue growing in demand. As countries begin to recover from the pandemic and ease restrictions, the construction industry is expected to pick up again. This recovery is expected to drive demand for light control switches as new construction projects are undertaken.

Major Companies present in the market:
Signify, Legrand S.A, Eaton Corporation, Acuity Brands, Inc., Leviton Manufacturing Co., Inc, Lutron Electronics Co., Inc, Schneider Electric, Honeywell International Inc., Panasonic Corporation, ABB Group

Considered in this report
• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Global Light Control Switches market with its value and forecast along with its segments
• Region-wise Light Control Switches market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report:
• North America
• Europe
• Asia-Pacific
• South America
• Middle-East & Africa

By Product Type
• Rocker & Toggle Switches
• Touch-Based Switches
• Dimmers
• Sensor-based Switches
• Wireless/ Kinetic Switches
• Others

By Switch Solution
• Standalone
• Integrated

By Application
• Residential
• Commercial
• Others

By Distribution Channel
• Retail Stores
• Institutional
• Supermarket/ Hypermarket
• Online

By Communication Technology
• Wired Technology
• Wireless Technology

By Wired Communication Technology
• DALI (Digital Addressable Lighting Interface)
• PLC (Power Line Communication)
• Others (POE, DMX, Wired Hybrid Protocols, etc.)

By Wireless Communication Technology
• Radio Frequency (RF)
• ZigBee
• Bluetooth/BLE
• Wi-Fi
• Z-Wave
• Others (EnOcean, Wireless Hybrid Protocols, LoRaWAN, Sigfox, etc.)

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Light Control Switches industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.