Light Control Switches Market Size (2024 - 2029)

Light Control Switches Market Analysis

The light control switches market is expected to witness a growth at a CAGR of 6.8% over the forecast period (2021-2026). Light switches which were once a simple decision has now made its place into the home improvement category as well as industrial and outdoor applications. With different applications, switch style, wiring needs, and programmable capabilities, choosing the right light switches and dimmers can be tricky to navigate.

• To help connect IoT devices such as smart lighting solutions, lighting controls, where mesh communications protocols are rapidly emerging as a preferred solution, especially for low-power applications. For the same, wireless communication enables technology such as ZigBee to have emerged with more popularity in recent years.
• Additionally, increasing smart city projects worldwide is one of the major factors creating huge opportunities for the light control switches market. National governments aiding the expansion of smart city projects is also a key trend in the market. With the help of the Smart Cities and Communities European Innovation Partnership (EIP SCC), supported by the European Commission, 78 cities in the region have undertaken smart city development. EIP-SCC aims to have 300 smart cities by the end of 2020.
• However, the market has been affected by the recent outbreak of COVID 19, and companies have been forced to restructure their strategies to deal with the ongoing pandemic. Companies like Telensa and signify were the worst hit due to this pandemic. Signify in February 2020 had planned to upgrade their solar connected street light to toggle between solar and grid power by using Philips Combo Charge Controller. But the company has gone into financial crunch due to the COVID outbreak, the company in March 2020 had announced a 20 percent pay cut of all their employees.

Light Control Switches Industry Segmentation

The study of the light switch controllers has considered the varied products being offered by the vendors for both wired as well as wireless switches for outdoor and indoor applications, globally. For Outdoor, the study has considered the products for street highway lighting, architectural lighting, traffic lightings, among others; whereas for indoor, applications such as residential, commercial, industrial, are considered.