According to the new research report titled 'Light Control Switches Market Forecast to 2028 - COVID-19 Impact and Global Analysis,' the market is expected to reach US$ 12,696.1 million by 2028, registering a CAGR of 6.8% from 2021 to 2028.
The real estate industries in developed and developing countries have experienced rapid growth over the years with the rise in investments by both private and public entities to develop advanced infrastructures, including hospitals, shopping complexes, and other commercial buildings. This is boosting the light control switches market. A few of the major ongoing or future commercial construction projects across the world are mentioned below.
Lighting plays a crucial role across commercial complexes, thereby bolstering the demand for cost and energy-efficient lighting systems. This is directly driving the demand for light control switches, thus boosting the growth of the light control switches market size.
The onset of the COVID-19 pandemic hindered the growth of the light control switches market in 2020. The social restrictions imposed by governments and the temporary shutdown of construction activities across developed and developing countries declined the demand for light control switches in residential, commercial, and industrial sectors as well as public utilities. Additionally, in 2020, disruptions in supply chains adversely affected the manufacturing of the light control switches, leading to low production volumes. This negatively impacted the light control switches market growth.
The lockdown measures, imposed due to the COVID-19 pandemic, substantially affected the demand of light control switches and generation mix since increased electronic consumption could not compensate for considerable decreases in industrial, commercial, and tertiary operations. The severity and length of the measures imposed during the lockdown declined the demand for switches. Different European Countries had different COVID-19 protocols. Countries, such as Italy, Germany, and France, established rigorous containment measures, whereas other countries, such as Sweden and Switzerland, took a softer approach. In 2020, due to changes in social habits and the closure of factories, the light control switches market growth declined significantly in comparison to 2019.
Many industries, such as manufacturing and construction, have been hindered by the COVID-19 pandemic. In 2020, the manufacturing companies in Europe were negatively affected as they made losses due to a decline in sales of products and services to consumers. The growth of the light control switches market in Europe also declined in 2020 due to the outbreak. The imposition of lockdowns closed various businesses and industrial operations. Thus, the demand for standalone switch solutions and integrated switch solutions in commercial, residential, public utilities, and industrial end-users declined.
From mid-2021, most businesses and industrial operations in Europe reopened and have been supporting the Europe light control switches market size since then. There is a high spending on installing control switches in residential, commercial buildings, and industries. The awareness regarding the importance of smart switches is increasing due of the pandemic. Hence, the light control switches market is expected to grow in the future as construction work has resumed.
The light control switches market is segmented on the basis of switch solution, connection type, and end user. Based on switch solution, the light control switches market is bifurcated into standalone switch solution and integrated switch solution. Based on connection type, the light control switches market is bifurcated into wired and wireless. Based on end user, the light control switches 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 & Central America.
The use of light control switches across the commercial sector offers custom lighting and touchless controls, and supports rigorous hygiene practices. Advancements in lighting control switches meant for commercial applications, coupled with the rise in demand for efficient light control switches from industries such as healthcare, are further contributing to the growth of the light control switches market. Hospitals use light control switches to control the lighting systems across hospital rooms. Light dimmer switches with LED lamps or pulse-width modulation (PWM) controllers with LED lamps are adopted actively to adjust the lighting density across patient wards and surgery rooms in hospitals. The hospitals use regular ON/OFF switches in this circuit to regulate the lights in three different ways - maximum light, medium light, and minimum light.
Light control switch manufacturers operating in the global light control switches market have increased their investments in offering light control switches specifically designed for commercial applications. For instance, Legrand North America, LLC. offers radiant 20A Wave Switch integrated with touch-free technology for commercial applications. This technology supports the hygienic operation of switches across commercial complexes, which remain crowded with a larger number of individuals, thereby ensuring safety from germs and diseases. Thus, a rise in the integration of light control switches from both the demand and supply sides is expected to contribute to the growth of the global light control switches market during the forecast period.
Reasons to Buy
The real estate industries in developed and developing countries have experienced rapid growth over the years with the rise in investments by both private and public entities to develop advanced infrastructures, including hospitals, shopping complexes, and other commercial buildings. This is boosting the light control switches market. A few of the major ongoing or future commercial construction projects across the world are mentioned below.
- The construction work of the East River Mixed-Use Development project started across 61 hectares in Houston, Texas, US, in the Q3 of 2021, and the project is expected to be completed by the Q4 of 2040
- The Metrotown property redevelopment project in the US involves the development of seven commercial multi-purpose facilities across 3.60 hectares. The project began in Q3 2021 and is expected to be completed by Q4 2023
- Proposal for the reconstruction of Hamamatsucho Shibaura in Tokyo, Japan, entails the development of a 550,000 m2 mixed-use complex across the land areas of 4 ha, with two 232.55 m tall structures. Construction began in the Q3 of 2021 and is projected to be completed by the Q4 of 2030
- Development of Elizabeth Quay Lot V and Lot VI Mixed-Use Complex in Perth, Australia. The project entails the building of two mixed-use skyscrapers, a 58-story mixed-use tower and a 21-story commercial tower, on the site of a 7,000 m2 area. Construction began in Q3 2021 and is projected to be completed by Q4 2025
Lighting plays a crucial role across commercial complexes, thereby bolstering the demand for cost and energy-efficient lighting systems. This is directly driving the demand for light control switches, thus boosting the growth of the light control switches market size.
The onset of the COVID-19 pandemic hindered the growth of the light control switches market in 2020. The social restrictions imposed by governments and the temporary shutdown of construction activities across developed and developing countries declined the demand for light control switches in residential, commercial, and industrial sectors as well as public utilities. Additionally, in 2020, disruptions in supply chains adversely affected the manufacturing of the light control switches, leading to low production volumes. This negatively impacted the light control switches market growth.
The lockdown measures, imposed due to the COVID-19 pandemic, substantially affected the demand of light control switches and generation mix since increased electronic consumption could not compensate for considerable decreases in industrial, commercial, and tertiary operations. The severity and length of the measures imposed during the lockdown declined the demand for switches. Different European Countries had different COVID-19 protocols. Countries, such as Italy, Germany, and France, established rigorous containment measures, whereas other countries, such as Sweden and Switzerland, took a softer approach. In 2020, due to changes in social habits and the closure of factories, the light control switches market growth declined significantly in comparison to 2019.
Many industries, such as manufacturing and construction, have been hindered by the COVID-19 pandemic. In 2020, the manufacturing companies in Europe were negatively affected as they made losses due to a decline in sales of products and services to consumers. The growth of the light control switches market in Europe also declined in 2020 due to the outbreak. The imposition of lockdowns closed various businesses and industrial operations. Thus, the demand for standalone switch solutions and integrated switch solutions in commercial, residential, public utilities, and industrial end-users declined.
From mid-2021, most businesses and industrial operations in Europe reopened and have been supporting the Europe light control switches market size since then. There is a high spending on installing control switches in residential, commercial buildings, and industries. The awareness regarding the importance of smart switches is increasing due of the pandemic. Hence, the light control switches market is expected to grow in the future as construction work has resumed.
The light control switches market is segmented on the basis of switch solution, connection type, and end user. Based on switch solution, the light control switches market is bifurcated into standalone switch solution and integrated switch solution. Based on connection type, the light control switches market is bifurcated into wired and wireless. Based on end user, the light control switches 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 & Central America.
Key Findings of Study:
The use of light control switches across the commercial sector offers custom lighting and touchless controls, and supports rigorous hygiene practices. Advancements in lighting control switches meant for commercial applications, coupled with the rise in demand for efficient light control switches from industries such as healthcare, are further contributing to the growth of the light control switches market. Hospitals use light control switches to control the lighting systems across hospital rooms. Light dimmer switches with LED lamps or pulse-width modulation (PWM) controllers with LED lamps are adopted actively to adjust the lighting density across patient wards and surgery rooms in hospitals. The hospitals use regular ON/OFF switches in this circuit to regulate the lights in three different ways - maximum light, medium light, and minimum light.
Light control switch manufacturers operating in the global light control switches market have increased their investments in offering light control switches specifically designed for commercial applications. For instance, Legrand North America, LLC. offers radiant 20A Wave Switch integrated with touch-free technology for commercial applications. This technology supports the hygienic operation of switches across commercial complexes, which remain crowded with a larger number of individuals, thereby ensuring safety from germs and diseases. Thus, a rise in the integration of light control switches from both the demand and supply sides is expected to contribute to the growth of the global light control switches market during the forecast period.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global light control switches market
- Highlights key business priorities to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global light control switches market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Light Control Switches Market Landscape
5. Light Control Switches Market - Key Market Dynamics
6. Light Control Switches Market - Global Analysis
7. Light Control Switches Market Analysis - by Switch Solution
8. Light Control Switches Market Analysis - by Connection Type
9. Light Control Switches Market Analysis - by End User
10. Light Control Switches Market - Geographic Analysis
11. Light Control Switches Market - COVID-19 Impact Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Executive Summary
The light control switches market is projected to reach US$ 12,696.07 million by 2028 from US$ 7,997.68 million in 2021; it is expected to grow at a CAGR of 6.8% from 2021 to 2028.Light control switches are used to regulate or control the quality, level, or pattern of light as per the user’s requirement. The increasing penetration of advanced light control in commercial and outdoor lighting owing to the focus on energy efficiency is one of the major factors driving the light control switches market. The light control switches market is segmented on the basis of switch solution, connection type, end user, and geography. Based on switch solutions, the light control switches market is bifurcated into standalone switch solutions and integrated switch solutions. Based on connection type, the light control switches market is bifurcated into wired and wireless. By end user, the light control switches market is segmented into commercial, residential, industrial, and public utilities. Based on geography, the light control switches market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.
Lighting is an important aspect of everyday life; it makes houses more secure, comfortable and welcoming for residents and guests. Lighting also has a significant impact on the well-being of occupants, and smart lighting systems bring elegance, ambiance, convenience, and energy efficiency to a residential complex. According to a 2019 survey by the National Association of Home Builders in the US, only around 15% of homeowners have a smart lighting management system, and around 40% would prefer having these systems in their homes. The demand for smart lighting solutions has surged over the years from homeowners across the world. The growing popularity of home automation, connected households, and mood lighting is the key factor influencing the adoption of smart lighting solutions. The demand for smart lighting solutions among the residential complexes drives the light control switches market growth.
North America is a well-developed economy, and the individuals have high disposable incomes owing to the high per capita income of the country. Therefore, owing to the high disposable incomes and strong buying power of the customers, the demand for light control switches is high in the region. Moreover, the high adoption rate of consumer electronics is among the other factors driving the adoption of automated solutions across the industries. The increasing population of North America and changing family structures created the demand for electronic appliances. The presence of the major light control switches market players, such as Acuity Brands, Inc.; Honeywell International Inc.; and Leviton Manufacturing, in the US supports the light control switches market growth. Moreover, technological advancement and supportive government initiatives are also expected to amplify the light control switches market growth in North America during the forecast period.
Impact of COVID-19 Pandemic on Light Control Switches Market
There has been a disruption in the supply chain of many industries due to restrictions in logistics and the closing of manufacturing facilities. In the region, the COVID-19 outbreak has negatively impacted manufacturing and construction businesses in four critical areas—supply chain/operations, workforce, 2020 investments, and product offering. Even though all construction activities have been allowed to continue in most parts of the US and Canada since the start of the COVID-19 pandemic, many projects in the bidding or final planning stages have been delayed or cancelled. As a result, the companies operating in the light control switches market have stopped the production of a product for some time.
Nonetheless, in 2021, with the uplifting of lockdown restrictions and vaccination processes, the manufacturing plants have started again, which helps in creating a positive scenario for the light control switches market growth. The ongoing infrastructure investments and smart city projects have added momentum to the region’s construction industry. Engineering and construction firms are key enablers of this powerful vision for upgrading infrastructure to incorporate sensing technology and data analytics that could contribute to making buildings and demand for switches high.
The global light control switches market is analyzed based on geography - North America, Europe, APAC, MEA, and SAM. The APAC accounted for the highest share in the global light control switches market in 2020 and is also expected to grow at the largest CAGR over the forecast period. The rising investment in infrastructural developments across the region across sectors like residential, commercial, and industrial segments is driving the demand for lighting control switches over the years. Lighting systems being one of the major parts of any infrastructural development, the rise in newer and redevelopment construction projects indirectly impacts the demand for lighting solutions and light control switches. Additionally, the region over the years has also experienced a significant rise in the adoption of IoT connecting lighting systems thereby influencing the adoption of smart switches. These factors are further contributing to the growth of the light control switches market.
Panasonic Corporation; Eaton; Savant Systems Inc.; Acuity Brands Inc.; and Leviton Manufacturing Co., Inc. are a few players operating in the global light control switches market and profiled in the market study .
The overall light control switches market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the light control switches market size. The process also serves the purpose of obtaining an overview and forecast of the light control switches size with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the light control switches market.
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 155 |
| Published | March 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 7997.68 Million |
| Forecasted Market Value ( USD | $ 12696.07 Million |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
