North America Light Control Switches Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Switch Solution (Standalone Switch Solution and Integrated Switch Solution), Connection Type (Wired and Wireless), and End User (Commercial, Residential, Industrial, and Public Utilities)

Code: TIPRE00029181 | Pages: 113 | Industry: Electronics and Semiconductor | Date: May 2022
Covid

The light control switches market in North America is expected to grow from US$ 1,410.79 million in 2021 to US$ 2,124.05 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.

 

Lighting is an important aspect of everyday life; it makes houses more secure, comfortable, and welcoming for residents and guests. Lighting also has a significant impact on the well-being of occupants, and smart lighting systems bring elegance, ambiance, convenience, and energy efficiency to a residential complex. According to a 2019 survey by the National Association of Home Builders in the US, only 14% of homeowners have a smart lighting management system, and 36% would prefer having these systems in their homes. The demand for smart lighting solutions surged over the years from homeowners across the region. The growing popularity of home automation, connected households, and mood lighting is the key factor influencing the adoption of smart lighting solutions. The demand for smart lighting solutions among the residential complexes directly impacts the requirement for light control switches. Further, smart switches are more preferred by the millennial generation owing to their easy integration with the existing fixtures across their houses. A few major companies offering smart light switches in the light control switches market include Lutron Electronics Co., Inc; Leviton Manufacturing Co., Inc.; Savant Systems, Inc; Hogar Controls; BRILLIANT; and Signify Holding. The advanced offerings of these companies provide seamless connected home experiences to their customers. For instance, in November 2021, Amazon.com launched its amazon basic smart switches and dimmers. These switches and dimmers are integrated with smart technology and can be operated through Alexa. Thus, these new product innovations are contributing to the market's growth.

 

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America light control switches market at a substantial CAGR during the forecast period.

 

North America Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)

North America Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)

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North America Light Control Switches Market Segmentation

 

The North America 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 North America light control switches market is segmented into the US, Canada, and Mexico. In 2020, the US held the largest market share; however, Mexico 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; Helvar; and ACUITY BRANDS, INC are among the leading companies in the North America light control switches market

1.           Introduction

1.1         Scope of Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Light Control Switches Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Light Control Switches Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Demand for Smart Home Lighting

5.1.2        Surging Construction of Commercial Complexes

5.2         Market Restraints

5.2.1        Restricted Adoption of Light Control Switches Market

5.3         Market Opportunities

5.3.1        Growing Number of Product Launches

5.4         Future Trends

5.4.1        Wide-Scale Integration of Light Control Switches in Commercial Complexes

5.5         Impact Analysis of Drivers and Restraints

6.           North America Light Control Switches Market Analysis

6.1         North America Light Control Switches Market Overview

6.2         North America Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

7.           North America Light Control Switches Market Analysis – by Switch Solution

7.1         Overview

7.2         North America Light Control Switches Market, By Switch Solution

7.3         Standalone Switch Solution

7.3.1        Overview

7.3.2        Standalone Switch Solution: Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)

7.4         Integrated Switch Solution

7.4.1        Overview

7.4.2        Integrated Switch Solution: Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)

8.           North America Light Control Switches Market Analysis – by Connection Type

8.1         Overview

8.2         North America Light Control Switches Market, by Connection Type

8.3         Wired

8.3.1        Overview

8.3.2        Wired: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Wireless

8.4.1        Overview

8.4.2        Wireless: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

9.           North America Light Control Switches Market Analysis – by End User

9.1         Overview

9.2         North America Light Control Switches Market, by End User

9.3         Commercial

9.3.1        Overview

9.3.2        Commercial: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Residential

9.4.1        Overview

9.4.2        Residential: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

9.5         Industrial

9.5.1        Overview

9.5.2        Industrial: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

9.6         Public Utilities

9.6.1        Overview

9.6.2        Public Utilities: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

10.        North America Light Control Switches Market – Country Analysis

10.1      Overview

10.1.1     North America: Light Control Switches Market, by Key Country

10.1.1.1       US: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       US: Light Control Switches Market, By Switch Solution

10.1.1.1.2       US: Light Control Switches Market, by Connection Type

10.1.1.1.3       US: Light Control Switches Market, by End User

10.1.1.2       Canada: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       Canada: Light Control Switches Market, By Switch Solution

10.1.1.2.2       Canada: Light Control Switches Market, by Connection Type

10.1.1.2.3       Canada: Light Control Switches Market, by End User

10.1.1.3       Mexico: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       Mexico: Light Control Switches Market, By Switch Solution

10.1.1.3.2       Mexico: Light Control Switches Market, by Connection Type

10.1.1.3.3       Mexico: Light Control Switches Market, by End User

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

11.4      Merger and Acquisition

12.        Company Profiles

12.1      ACUITY BRANDS, INC.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Eaton

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Honeywell International Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      LEGRAND SA

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Leviton Manufacturing Co., Inc.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Lutron Electronics Co., Inc

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      OSRAM GmbH

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Panasonic Corporation

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Schneider Electric SE

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Helvar

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

 


LIST OF TABLES

Table 1.             North America Light Control Switches Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2.             US: Light Control Switches Market, By Switch Solution –Revenue and Forecast to 2028 (US$ Million)

Table 3.             US: Light Control Switches Market, by Connection Type –Revenue and Forecast to 2028 (US$ Million)

Table 4.             US: Light Control Switches Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada: Light Control Switches Market, By Switch Solution – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Canada: Light Control Switches Market, by Connection Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada: Light Control Switches Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Mexico: Light Control Switches Market, By Switch Solution – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Mexico: Light Control Switches Market, by Connection Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Mexico: Light Control Switches Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 11.          List of Abbreviation

 


LIST OF FIGURES

Figure 1.           North America Light Control Switches Market Segmentation

Figure 2.           North America Light Control Switches Market Segmentation – By Country

Figure 3.           North America Light Control Switches Market Overview

Figure 4.           Standalone Solution Segment Held the Largest Market Share in 2020

Figure 5.           The US was the Largest Revenue Contributor in 2020

Figure 6.           North America – PEST Analysis

Figure 7.           North America Light Control Switches Market– Ecosystem Analysis

Figure 8.           Expert Opinion

Figure 9.           North America Light Control Switches Market: Impact Analysis of Drivers and Restraints

Figure 10.        North America Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        North America Light Control Switches Market Revenue Share, By Switch Solution (2020 and 2028)

Figure 12.        Standalone Switch Solution: Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Integrated Switch Solution: Light Control Switches Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America Light Control Switches Market Revenue Share, by Connection Type (2020 and 2028)

Figure 15.        Wired: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Wireless: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        North America Light Control Switches Market Revenue Share, by End User (2020 and 2028)

Figure 18.        Commercial: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Residential: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Industrial: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Public Utilities: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Geographic Overview of North America Light Control Switches Market

Figure 23.        North America: Light Control Switches Market Revenue Share, by Key Country (2020 and 2028)

Figure 24.        US: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Canada: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Mexico: Light Control Switches Market – Revenue and Forecast to 2028 (US$ Million)

 

  1. Eaton
  2. Honeywell International Inc.
  3. LEGRAND SA
  4. Leviton Manufacturing Co., Inc.
  5. Lutron Electronics Co., Inc
  6. OSRAM GmbH
  7. Panasonic Corporation
  8. Schneider Electric SE
  9. Helvar
  10. ACUITY BRANDS, INC.                                                   
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America light control switches market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America light control switches market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the light control switches market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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