The global light control switches market accounted for $5.70 billion in 2019
The global light control switches market accounted for $5.70 billion in 2019. The same, as per a report by Research and Markets, is expected to reach $12.22 billion by 2027 growing at a CAGR of 10 per cent during the forecast period.
“Integration of IoT in light control switches, increase in urbanization coupled with the rise in government funding toward adoption of automated light control switches, and surge in demand for energy-saving lighting systems are some of the major factors propelling the growth of the market. However, the high installation cost is hampering the growth of the market,” read the report.
Light control switches are advanced switches that provide smart solutions by regulating lights from a centralized point. These enable communication between inputs and outputs linked to lighting controls through mobile, laptops, and remotes. Light control switches are used in electrical lights and controlled by electronic device permanently. These switches are responsible for regulating the quality of light and provide the required amount of light as per need.
Zigbee segment going to hold the largest share
Based on the communication technology, the Zigbee segment is going to hold the largest share of the market for wireless communication protocol due to the increasing smart city projects across the world. The technology is designed to be a low power, low data rate, proximity wireless mesh network protocol, to be simpler and less expensive than other wireless network protocols.
By geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the rapid infrastructure building activities being undertaken in the region, mainly in China and India, where smart lighting paves the way for the modernization of infrastructure.