Global Smart Switches Market Growth 2023-2029

Global Smart Switches Market Growth 2023-2029

Smart switches can replace existing traditional switches. It'll take a little more work to wire an in-wall switch. User need to have neutral or ground wires. But then they don't need to deal with batteries, and can control existing wired circuits.

LPI (LP Information)' newest research report, the “Smart Switches Industry Forecast” looks at past sales and reviews total world Smart Switches sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Switches sales for 2023 through 2029. With Smart Switches sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Switches industry.

This Insight Report provides a comprehensive analysis of the global Smart Switches landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Switches portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Smart Switches market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Switches and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Switches.

The global Smart Switches market size is projected to grow from US$ 719 million in 2022 to US$ 1372.7 million in 2029; it is expected to grow at a CAGR of 1372.7 from 2023 to 2029.

The global top five smart switches manufacturers include Legrand, GE lighting (Savant Systems), Signify, Lutron, Panasonic, accounting for about 40% of the market share, of which the largest manufacturer is Legrand, with a market share of about 9%. Europe is the most important smart switches producing area in the world, with a market share of more than 30%. In terms of type, Wi-Fi and Bluetooth have a market share of over 40%. In the field of application, residential accounts for about 80% of the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Switches market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Wi-Fi and Bluetooth
ZigBee
Others

Segmentation by application
Residential
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Legrand
GE lighting (Savant Systems)
Signify
Lutron
Panasonic
Leviton
ABB
Schneider
Honeywell
Siemens
Simon
Belkin
Vimar
iDevices (Hubbell)
Shenzhen Hidin Tech
Qubino
Brilliant Home Technology
Wenzhou MVAVA
TP-LINK
Bull

Key Questions Addressed in this Report

What is the 10-year outlook for the global Smart Switches market?

What factors are driving Smart Switches market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Smart Switches market opportunities vary by end market size?

How does Smart Switches break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.