Global Light Control Switches Market – Industry Analysis and Forecast (2019-2026) – By Product Type, Light Source, End User, and Region. Global Light Control Switches Market was valued US$ XX Bn in 2018 and is expected to reach XX Bn by 2026, at a CAGR of XX % during a forecast period.
The rapid development of smart cities, the growing adoption of the Internet of Things (IoT) in the lighting industry, increasing utility costs, and favorable government regulations for energy efficiency are some of the prominent factors behind the growth of the global light control switches market. The augmented need to save energy and the growing adoption of green technologies by numerous countries are driving the growth in the global light control systems market. The Light control systems are cost-effective than conventional manual switching systems and have the ability to switch individual lights or a group of lights from a single interface device. Additionally, longer lamp life can be completed by dimming or switching off lights when not in usage. The adoption of light control systems for industrial applications is also growing across the globe. An efficient lighting control system can decrease energy consumption by 20-40% , which is also depending on the type of system installed. The augmented need for energy demand management in developed countries is expected to drive the global light control switches market. Light-Emitting Diode segment is expected to share significant growth in the global light control switches market. In the residential, commercial, industrial, and many outdoor lighting applications, LED drivers, sensors, switches & dimmers, relay units, and gateways are widely used for lighting control. LightEmitting Diode segment expected to witness the XX % rate of CAGR during the forecast period owing to the growing penetration of LED lighting, growing utility, and maintenance cost, and rising demand for connected lighting.