New York , United States – The global light control switches market size was US$ 7.62 billion in 2021. The global light control switches market size is forecast to reach US$ 12.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2022 to 2030.
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A light control switch is a switch used for the operation of electrical lights, electrical outlets, or other permanently connected light-related equipment. The market offers different types of light switches depending on the application. In addition, there are also different types of lights, such as a fluorescent, light-emitting diode, or high-intensity discharge. A switch can be a push-button switch, proximity switch, dimmer switch, and so on, depending on the type of lighting. Its primary use is to reduce energy costs, improve sustainability, and meet the visual needs of users.
Due to the outbreak of the COVID1-19 pandemic, the manufacture of light control switches ceased for a specific period of time. It adversely affected sales of light control switches. Light control switch sales directly correlate with construction. In addition, the COVID-19 outbreak lockdown has negatively impacted the construction sector. Furthermore, light control switches have seen a big decline in sales in 2020, leading to a decline in light control switch sales. A severe decline in exports, output, demand from overseas tourists, and private use of goods and services resulted from the spread of the COVID-19. Due to the major exporter of electronic items and the decrease in demand for electronics, light control switches declined in demand.
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In 2021, Asia-Pacific held dominant in the global light control switches market and is forecast to continue dominating during the forecast period. Due to the rapid infrastructure development taking place in the region, primarily in China and India, where smart lighting can facilitate the modernization of infrastructure.
The leading prominent companies profiled in the global light control switches market are:
The global light control switches market segmentation focuses on Product Type, Solution Type, Communication Technology, Light Source, Application, and Region.
Segmentation based on Product Type
Segmentation based on Solution Type
Segmentation based on Communication Technology
Segmentation based on Light Source
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What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future. ?The report offers the current state of the market and future prospects for various geographical regions. ?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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