Light Control Switches Market

June 25th 2016 Mumbai, India: Bharatbook.com announces a report on “ Light Control Switches Market by Product Type, Light Source, End Users and Geography - Global Forecasts to 2022 ”. Commercial end users to be the leading segment in terms of value of the light control switches market during the forecast period.

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. The penetration of advanced lighting control in outdoor and commercial lighting owing to the increased focus on energy-efficient lighting is the major driver for growth of the market.

Commercial end users to be the leading segment in terms of value of the light control switches market during the forecast period

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.

Asia-Pacific expected to hold the largest market share during the

forecast period

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...