The Europe Light Control Switches Market would witness market growth of 4.5% CAGR during the forecast period (2021-2027).
Light control switches nowadays, are commonly made of contemporary polymers such as Polycarbonate or fire-resistant ABS. Some switches are made of other plastics such as polyamide, polypropylene, or pvc, but they are mostly confined to wire mounted switches such as night lamp switches, due to weight savings, and most of these switches are mostly used in low-power devices with current ratings of less than 2 amperes.
There are various types of light control switches that are commercially available including Multi-Location Switches, Dimmer Switch, Programmable Timer Switch, and Occupancy Switch. All of these varieties of light control switches perform distinct operations aiming toward offering convenience to the user.
By 2050, Europe intends to boost the output of offshore wind turbines by a factor of 25. The "Offshore Renewable Energy Strategy," according to the European Commission, outlines the region’s aim to generate 40 GW of offshore energy, such as wave and tidal power, in the same time frame. Additionally, Zumtobel Group received the second Euro 40 million tranche of a Euro 80 million funding package from the European Investment Bank (EIB) in February 2019 to expand its research and development efforts for bringing enhancements in its products.
The Germany market dominated the Europe Light Control Switches Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $652.7 million by 2027. The UK market would witness a CAGR of 3.8% during (2021 - 2027). Additionally, The France market is experiencing a CAGR of 5.3% during (2021 - 2027).
Based on Solution Type, the market is segmented into Standalone Light Control Solutions and Integrated Light Control Solutions. Based on Light Source, the market is segmented into Light Emitting Diode, Compact Fluorescent Lamp (CFL), Fluorescent, Incandescent, and High-intensity Discharge. Based on Communication Technology, the market is segmented into Wired and Wireless. Based on Product Type, the market is segmented into Switches and Dimmer. Based on Application, the market is segmented into Lighting for Public Places, Residential, Highways & Roadways Lighting, Commercial, Industrial, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Light Control Switches Market Size will Hit $9.4 Billion by 2027, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ideal Industries, Inc., Signify N.V., Acuity Brands Lighting, Inc., Lutron Electronics Co., Inc., Panasonic Corporation, Eaton Corporation PLC, General Electric (GE) Co., Honeywell International, Inc., Schneider Electric SE, and Legrand S.A.
By Solution Type
By Light Source
By Communication Technology
By Product Type
By Application
By Country
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