Market Overview:
The global smart light switches and plugs market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions, growing awareness about the benefits of using smart light switches and plugs, and rising adoption of IoT-enabled devices. The global smart light switches and plugs market can be segmented on the basis of type into switches and plugs. On the basis of application, the market can be segmented into residential use, commercial use, and industrial use. The residential sector is expected to account for a major share in terms of revenue in this market during the forecast period owing to increasing demand for energy-efficient lighting solutions from consumers across regions.
Product Definition:
A Smart Light Switch is a light switch that can be controlled remotely with a mobile app or voice commands. A Smart Plug is a plug that can be controlled remotely with a mobile app or voice commands.
The importance of Smart Light Switches and Plugs is that they allow you to control your lights remotely, which can save energy and money. For example, you could turn off your lights from work if you forgot to do so before leaving home.
Switches:
Smart light switches and plugs are electronic devices that can be easily connected to an electrical outlet. They have advanced features such as motion detection, automatic on/off control, scheduling function for later activation, and many more. Switches is a technology which has been around for quite some time; however its usage has increased in the past few years owing to technological advancements coupled with growing consumer awareness regarding its benefits.
Switches are available in different forms but their functionality remains similar i.
Plugs:
The global plugs and it’s usage in smart light switches and plugs market size was valued at USD 0.99 billion in 2018. It is expected to expand at a CAGR of XX% over the forecast period from 2019 to 2023. The growth can be attributed to increasing penetration of smart homes, especially across developed countries such as the U.S.
Application Insights:
The commercial use segment dominated the global smart light switches and plugs market, accounting for over 50% of the revenue share in 2017. The growth can be attributed to an increase in demand for advanced lighting solutions across offices, retail stores and hospitality facilities. Furthermore, growing adoption of LED streetlights has increased the need for smart city infrastructure that includes integrated public lighting systems (IPLS). These factors are expected to drive product demand over the forecast period.
The residential use segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising adoption of LED bulbs as well as other forms of conventional lamps by households across various regions globally. Growing awareness regarding energy conservation among consumers is also expected fuel product demand in this application segment over the next eight years or so.
Smart light switches.
Regional Analysis:
North America dominated the global market in 2017 owing to the growing adoption of smart light switches and a large number of manufacturers based in U.S. For instance, Belkin International LLC; Leviton Inc.; and WeMo Interntional Ltd., are some of the prominent players operating within North America. Europe is expected to be another key regional market over the forecast period owing to rising demand for energy-efficient products from consumers as well as government regulations favoring IoT-based technologies across various industries. Asia Pacific is anticipated to witness significant growth over the next eight years due to increasing investments by companies for developing innovative products along with growing consumer awareness regarding energy conservation measures implemented in homes across countries such as India, China, Japan, Singapore etc.
Growth Factors:
- Increasing demand for smart home devices
- Rising awareness about the benefits of using smart light switches and plugs
- Growing popularity of home automation systems
- Proliferation of internet-of-things (IoT) technology
- Advances in LED lighting technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Light Switches and Plugs Market Research Report
By Type
Switches, Plugs
By Application
Residential Use, Commercial Use, Industrial Use
By Companies
AmerTac, ABB(Cooper Industries), GE, HeathZenith, Honeywell, Hubbell, Leviton, Lutron, Lightolier, Belkin, AmerTac, Pass & Seymour, Skylink
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Smart Light Switches and Plugs Market Report Segments:
The global Smart Light Switches and Plugs market is segmented on the basis of:
Types
Switches, Plugs
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Commercial Use, Industrial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AmerTac
- ABB(Cooper Industries)
- GE
- HeathZenith
- Honeywell
- Hubbell
- Leviton
- Lutron
- Lightolier
- Belkin
- AmerTac
- Pass & Seymour
- Skylink
Highlights of The Smart Light Switches and Plugs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Switches
- Plugs
- By Application:
- Residential Use
- Commercial Use
- Industrial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Light Switches and Plugs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart light switches and plugs are devices that allow you to control your lights using your smartphone or computer. You can turn on and off your lights, dim them, change the brightness, and set schedules.
Some of the major players in the smart light switches and plugs market are AmerTac, ABB(Cooper Industries), GE, HeathZenith, Honeywell, Hubbell, Leviton, Lutron, Lightolier, Belkin, AmerTac, Pass & Seymour, Skylink.
The smart light switches and plugs market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Light Switches and Plugs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Light Switches and Plugs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Light Switches and Plugs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Light Switches and Plugs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Light Switches and Plugs Market Size & Forecast, 2018-2028
4.5.1 Smart Light Switches and Plugs Market Size and Y-o-Y Growth
4.5.2 Smart Light Switches and Plugs Market Absolute $ Opportunity
Chapter 5 Global Smart Light Switches and Plugs Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Light Switches and Plugs Market Size Forecast by Type
5.2.1 Switches
5.2.2 Plugs
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Light Switches and Plugs Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Light Switches and Plugs Market Size Forecast by Applications
6.2.1 Residential Use
6.2.2 Commercial Use
6.2.3 Industrial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Light Switches and Plugs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Light Switches and Plugs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Light Switches and Plugs Analysis and Forecast
9.1 Introduction
9.2 North America Smart Light Switches and Plugs Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Light Switches and Plugs Market Size Forecast by Type
9.6.1 Switches
9.6.2 Plugs
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Light Switches and Plugs Market Size Forecast by Applications
9.10.1 Residential Use
9.10.2 Commercial Use
9.10.3 Industrial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Light Switches and Plugs Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Light Switches and Plugs Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Light Switches and Plugs Market Size Forecast by Type
10.6.1 Switches
10.6.2 Plugs
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Light Switches and Plugs Market Size Forecast by Applications
10.10.1 Residential Use
10.10.2 Commercial Use
10.10.3 Industrial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Light Switches and Plugs Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Light Switches and Plugs Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Light Switches and Plugs Market Size Forecast by Type
11.6.1 Switches
11.6.2 Plugs
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Light Switches and Plugs Market Size Forecast by Applications
11.10.1 Residential Use
11.10.2 Commercial Use
11.10.3 Industrial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Light Switches and Plugs Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Light Switches and Plugs Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Light Switches and Plugs Market Size Forecast by Type
12.6.1 Switches
12.6.2 Plugs
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Light Switches and Plugs Market Size Forecast by Applications
12.10.1 Residential Use
12.10.2 Commercial Use
12.10.3 Industrial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Light Switches and Plugs Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Light Switches and Plugs Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Light Switches and Plugs Market Size Forecast by Type
13.6.1 Switches
13.6.2 Plugs
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Light Switches and Plugs Market Size Forecast by Applications
13.10.1 Residential Use
13.10.2 Commercial Use
13.10.3 Industrial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Light Switches and Plugs Market: Competitive Dashboard
14.2 Global Smart Light Switches and Plugs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AmerTac
14.3.2 ABB(Cooper Industries)
14.3.3 GE
14.3.4 HeathZenith
14.3.5 Honeywell
14.3.6 Hubbell
14.3.7 Leviton
14.3.8 Lutron
14.3.9 Lightolier
14.3.10 Belkin
14.3.11 AmerTac
14.3.12 Pass & Seymour
14.3.13 Skylink
