Market Overview:
The global WiFi Smart Light Switch market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart home devices and the growing awareness about energy conservation. In terms of type, the in-wall switch segment is expected to dominate the market during the forecast period. This can be attributed to their easy installation and low cost as compared to other types of switches. In terms of application, residential applications are expected to dominate the market during the forecast period owing to rising demand for smart homes across different regions.
Product Definition:
A WiFi Smart Light Switch is a type of light switch that can be controlled wirelessly using a smartphone or other mobile device. They are often used to control lights in a home or office, and some models include features such as scheduling and remote control. The importance of WiFi Smart Light Switches is that they allow users to easily control their lighting without having to use traditional methods like turning a light switch on and off by hand.
In-Wall Switch:
In-wall switch is a smart light switch that can be installed in the wall. It has an inbuilt wireless sensor and it can connect to your home Wi-Fi. The device acts as a substitute for traditional light switches, which means there will no longer be any need for hard wires or electrician to install an outlet near the lamp or fixture.
Stick-on Switch:
The global stick-on switch and it's usage in the WiFi smart light switch market size was valued at USD 6.5 billion in 2016. The increasing demand for energy efficient devices is expected to drive the industry growth over the forecast period.
Increasing concerns regarding power consumption coupled with rising awareness about climate change has resulted in a surge of demand for low power consuming devices, which is anticipated to boost product penetration across various applications including residential, commercial.
Application Insights:
The residential application segment dominated the global WiFi smart light switch market in 2017. The growth of this segment can be attributed to increasing demand for smart lighting solutions at homes and apartments. Moreover, growing adoption of these switches by home owners as an upgrade to their existing dimmer switches is expected to drive the product demand over the forecast period.
The commercial application segment is expected witness significant growth over the forecast period owing to rising adoption of these devices by hotels, restaurants and other hospitality industries for better management of building infrastructure. Furthermore, they are also used in corporate offices, retail stores and warehouses among others for better control over lighting systems which will further propel industry expansion during future years. Other than that stick-on type products are widely used in industrial applications such as warehouse storage areas where a single switch can turn off or on several lights at once without having them all connected to one another (i.e., daisy chaining).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 and is anticipated to witness significant growth over the forecast period. This can be attributed to increasing disposable income, growing population, and rising consumer awareness regarding smart solutions for daily household needs. Moreover, increased adoption of LED lighting in commercial sectors such as hotels and restaurants will drive product demand further. Europe also held a substantial share in global revenue owing to high demand from residential applications on account of widespread presence of electricity distribution networks with proper metering systems across countries there.
North America was one among the top five regions that contributed toward industry growth significantly due to early adoption by consumers as well as manufacturers at large scale levels coupled with presence or major companies such as GE; Belkin International LLC.; Leviton Inc.; TP-LINK Corporation; iHome Inc.; Mpow Technologies Co., Ltd; SmartThings LLC; Honeywell International Inc.
Growth Factors:
- Increasing demand for smart home devices
- Rising awareness about the benefits of WiFi smart light switches
- Growing popularity of home automation
- Proliferation of affordable WiFi-enabled smart light switches
- Increasing demand for energy-efficient lighting solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
WiFi Smart Light Switch Market Research Report
By Type
In-Wall Switch, Stick-on Switch
By Application
Residential, Commercial
By Companies
Gosund Technology, Sonoff, Leviton Manufacturing, Legrand North America, LLC., Belkin International, Inc., Brilliant, TP-Link, GE, Philips, Eaton
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global WiFi Smart Light Switch Market Report Segments:
The global WiFi Smart Light Switch market is segmented on the basis of:
Types
In-Wall Switch, Stick-on Switch
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, Commercial
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:
- Gosund Technology
- Sonoff
- Leviton Manufacturing
- Legrand North America, LLC.
- Belkin International, Inc.
- Brilliant
- TP-Link
- GE
- Philips
- Eaton
Highlights of The WiFi Smart Light Switch 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:
- In-Wall Switch
- Stick-on Switch
- By Application:
- Residential
- Commercial
- 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 WiFi Smart Light Switch 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?
WiFi Smart Light Switch is a smart home device that allows you to control your lights with your smartphone. You can turn on and off your lights, dim them, change the light color, and even set a schedule.
Some of the key players operating in the wifi smart light switch market are Gosund Technology, Sonoff, Leviton Manufacturing, Legrand North America, LLC., Belkin International, Inc., Brilliant, TP-Link, GE, Philips, Eaton.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 WiFi Smart Light Switch 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 WiFi Smart Light Switch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 WiFi Smart Light Switch 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 WiFi Smart Light Switch 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 WiFi Smart Light Switch Market Size & Forecast, 2020-2028
4.5.1 WiFi Smart Light Switch Market Size and Y-o-Y Growth
4.5.2 WiFi Smart Light Switch Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 In-Wall Switch
5.2.2 Stick-on Switch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global WiFi Smart Light Switch 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 WiFi Smart Light Switch 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 In-Wall Switch
9.6.2 Stick-on Switch
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 Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 In-Wall Switch
10.6.2 Stick-on Switch
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 Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 In-Wall Switch
11.6.2 Stick-on Switch
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 Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 In-Wall Switch
12.6.2 Stick-on Switch
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 Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 In-Wall Switch
13.6.2 Stick-on Switch
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) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
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 WiFi Smart Light Switch Market: Competitive Dashboard
14.2 Global WiFi Smart Light Switch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gosund Technology
14.3.2 Sonoff
14.3.3 Leviton Manufacturing
14.3.4 Legrand North America, LLC.
14.3.5 Belkin International, Inc.
14.3.6 Brilliant
14.3.7 TP-Link
14.3.8 GE
14.3.9 Philips
14.3.10 Eaton
