The North America Light Control Switches Market would witness market growth of 4.8% CAGR during the forecast period (2021-2027).
Light is a basic amenity all over the world, and the lighting industry is undergoing significant transformation due to the rising cost of electricity along with increased demand for bright and low-intensity lights. Depending on the use, a distinct variety of light switches are available commercially. There are also other types of lights, including fluorescent, light-emitting diode, and high-intensity discharge.
Manual lighting controls either are permanently wired like a regular wall switch or installed on the ceiling, along with that it can be utilized for switching as well as dimming. They are the most cost-effective technique of lighting management, but they are not always the most energy-efficient because they require human switching. Certain rooms that involve manual switching to meet the site's activities can benefit from manual control.
Since consumers in the developed nations like US and Canada spend more on making their homes more attractive and comfortable, the demand for a wide range of lights along with light control switches would increase in the coming years. According to a recent study conducted by Stanford University and Avast, regional households have the huge penetration of Internet of Things devices. Because of the region's strong cloud infrastructure, a growing number of connected devices, and advances in artificial intelligence and machine learning.
The US market dominated the North America Light Control Switches Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,004.9 million by 2027. The Canada market is expected to witness a CAGR of 7.1% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 6.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Light Control Switches Market is Estimated to reach $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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