The light control switches market for lighting is expected to reach USD 6.25 billion (in terms of value) and 2.85 billion units (in terms of volume) by 2022, at a CAGR of 7.9% and 8.8%, respectively, between 2016 and 2022.
Pune, India - June 28, 2016 /MarketersMedia/ —
The global light control switches market is driven by the penetration of advanced lighting control in outdoor and commercial lighting owing to the increased focus on energy-efficient lighting. Commercial end users such as offices, retail outlets, hotels, and restaurants are expected to be the major adopters of advanced lighting controls as they have to reduce energy wastage. As commercial end users adopt high-value sensor-based and timer-based switches for lighting control, they are expected to become the leading end users in terms of value during the forecast period.
Complete report on light control switches market across 152 pages, profiling 11 companies and supported with 76 tables and 69 figures is now available at http://www.reportsnreports.com/reports/601821-light-control-switches-market-by-product-type-manual-switches-electronic-switches-and-dimmers-light-source-incandescent-halogen-fluorescent-led-hid-end-users-and-geography-global-forecasts-to-2022.html .
The market in Asia-Pacific is expected to grow at a high rate in the overall market till 2022. The combination of multiple factors make Asia-Pacific the most dynamic region in the light control switches market. Asia-Pacific has some of the fastest-growing emerging economies, namely, India and China; it also has technologically and economically advanced economies such as Japan and South Korea. Furthermore, there are many countries within Asia-Pacific which are witnessing rapid urbanization; hence, the overall growth and demand for infrastructure is higher in APAC compared to Europe and North America. Countries in the Asia-Pacific region have started bringing in regulations to increase the usage of lighting controls, which is majorly driving the growth of the market for light control switches.
The geographic segmentation in the report covers the four major regions of the world, namely, North America, Europe, APAC, and RoW. The report also profiles major players in the light control switches market for lighting. Some of the major players in this market are Osram GmbH (Germany), Legrand (France), Schneider Electric (France), Honeywell International (U.S.), Acuity Brands (U.S.), Philips N.V. (Netherlands), Cooper Industries (U.S.), Hubbell Lighting (U.S.), Leviton (U.S.), and Lutron (U.S.). Get a discount before order a copy of Light Control Switches Market by Product Type (Manual Switches, Electronic Switches and Dimmers), Light Source (Incandescent & Halogen, Fluorescent, LED, HID), End Users and Geography - Global Forecasts to 2022 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=601821.
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (20%), Tier 2 (45%) and Tier 3 (35%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (35%), Director Level (25%) and others (40%) from various key organizations operating in the global solenoid valve market. The primary interviews were conducted worldwide covering regions such as North America (30%), Europe (20%), Asia-Pacific (45%) and RoW (5%).
On a related note, another research on Low Voltage Disconnect Switch Market Global Trends & Forecasts to 2021 says, the market is projected to reach a market size of USD 3.51 billion at a CAGR of 4.5% from 2016 to 2021. Increase in demand of photovoltaic systems is expected to drive the low voltage disconnect switch market. Asia-Pacific to lead the global low voltage disconnects switch market in terms of growth rate. Companies like ABB Ltd., Eaton Corporation, Schneider Electric SA, Siemens AG, Socomec, Salzer Electronics Ltd, Katko, Ensto, Lovato Electric, Benedict GMBH, Kraus & Naimer and GE have been profiled in this 167 pages research report available at http://www.reportsnreports.com/reports/538031-low-voltage-disconnect-switch-market-by-type-fused-non-fused-by-mount-panel-din-rail-others-by-voltage-0-240-v-240-480-v-480-690-v-by-application-industrial-commercial-by-region-global-trends-forecasts-to-2021.html .
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