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 market's growth. Further, 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 ways, including maximum light, medium light, and minimum light. Light control switch manufacturers operating the market increased their investments in offering light control switches specifically designed for commercial applications. Also, the rise in the integration of light control switches from the demand and supply sides is contributing to the growth of the light control switches market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe light control switches market at a substantial CAGR during the forecast period.
Europe Light Control Switches Market Segmentation
The Europe light control switches market is segmented on the basis of switch solution, connection type, end user, and country. Based on switch solution, the market is segmented into standalone switch solution and integrated switch solution. In 2020, the standalone switch solution segment held a larger market share; however, integrated switch solution is expected to register a higher CAGR during the forecast period. Based on connection type, the market is segmented into wired and wireless. In 2020, the wired segment held a larger market share; however, the wireless segment is expected to register a higher CAGR during the forecast period. Based on end user, the market is segmented into commercial, residential, industrial, and public utility. In 2020, the residential segment held the largest market share; however, the commercial segment is expected to register the highest CAGR during the forecast period. Further, based on country, the Europe light control switches market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. In 2020, Germany held the largest market share; however, the UK is expected to grow at the fastest CAGR during the forecast period.
Eaton; Honeywell International Inc.; LEGRAND SA; Leviton Manufacturing Co., Inc.; Lutron Electronics Co., Inc.; OSRAM GmbH; Panasonic Corporation; Schneider Electric SE; and Helvar are among the leading companies in the Europe light control switches market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 942.13 Million |
| Market Size by 2028 | US$ 1,353.40 Million |
| CAGR (2021 - 2028) | 5.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Switch Solution
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Light Control Switches Market is valued at US$ 942.13 Million in 2021, it is projected to reach US$ 1,353.40 Million by 2028.
As per our report Europe Light Control Switches Market, the market size is valued at US$ 942.13 Million in 2021, projecting it to reach US$ 1,353.40 Million by 2028. This translates to a CAGR of approximately 5.3% during the forecast period.
The Europe Light Control Switches Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Light Control Switches Market report:
The Europe Light Control Switches Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Light Control Switches Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Light Control Switches Market value chain can benefit from the information contained in a comprehensive market report.
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