Light Control Switches Market Share

Statistics for the 2023 & 2024 Light Control Switches market share, created by Mordor Intelligence™ Industry Reports. Light Control Switches share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Light Control Switches Industry

The light controller switches market is more inclined towards fragmentation with the presence of many established players competing with the less product differenciation. This created a market competitiveness with higher bargaining power with the buyers. Hence, the companies have been trying to make strategic acquistions and product innovation in order to gain more market share. Some of the recent developement by these companies are mentioned below.

  • March 2020 - Signify announced the completion of the acquisition of Cooper Lighting Solutions from Eaton for USD 1.5 billion. With this acquisition, the company has planned to focus on the innovation of connected lightings and systems. This is estimated to drive the revenue growth of the company in the North American market with an aimed increase in professional revenues from 42% to 53%.
  • February 2020 - Signify introduced a new integrated Philips Combo Charge Controller for streetlights, enabling the emergence of a hybrid solar system. With this innovation, the company is aiming at creating a new market for solar powered outdoor lightings in Asia, Africa, South America, Australia, and Spain, where the company has already installed solar-powered lights.

Light Control Switches Market Leaders

  1. Signify BV

  2. Legrand SA

  3. Leviton Manufacturing Company Inc.

  4. Lutron electronics co., Inc.

  5. Eaton Corporation PLC

*Disclaimer: Major Players sorted in no particular order

Signify BV, Legrand SA, Leviton Manfacturing Company Inc, Lutron electronics co.Inc, Eaton Corporation PLC.

Light Control Switches Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)