HOME › Research Insight › The Light Control Switches Market Worldwide is witnessing a Number of Contracts, Partnerships, Agreements, and Mergers & Acquisitions among the Major Players
The Light Control Switches Market Worldwide is witnessing a Number of Contracts, Partnerships, Agreements, and Mergers & Acquisitions among the Major Players
Light dimmers provide voltage-regulated power output or brightness to the light sources. With the rapid adoption of this technology, the market is expected to witness growth in various applications such as residential, commercial, outdoor, and architectural lighting among others. The increasing consumer demand for energy-saving lighting systems is expected to drive the market globally.
Currently, the light control switches market worldwide is witnessing a number of contracts, partnerships, agreements, and mergers & acquisitions among the major players. The market is currently in the growth phase and companies are focusing on introducing new products. However, the lack of robust networking infrastructure and internet connectivity in developing economies hinders the growth of this market. The market for light control switches is expected to grow further in the future with the development of wireless technologies.
Legrand was ranked first in the light control switches market. It follows a strategy of targeted, self-financed acquisitions. It is well-placed in this promising market where it has developed a range of dedicated products. Legrand largely focuses on expanding its global presence by acquiring other companies which operate in business lines. This strategy has strengthened the position of the company in the market.
Leviton was ranked second in the light control switches market. The company focuses on new product development as a key strategy to attract new customers and increase its product offering and market share. The company introduced Daylight Harvesting Commercial Sensors under the Provolt ODC Series in June 2014. Moreover, it introduced the fan control-enabled digital sensing technology in January 2014. The new product launches have helped expand the company’s product portfolio, which has helped it to increase its customer base.
Lutron was ranked third in the market and has an extensive market presence and a huge network of wholly owned subsidiaries. Lutron has ample growth opportunities through the launch of new products and services, the growing home automation market, and strategic collaborations. The company has an innovative product line for residential and commercial lighting control systems such as standalone controls, single room controls, whole home and building systems, shading systems, fluorescent ballasts, and light-emitting diode drivers. It has more than 17,000 energy-efficient products which are sold in more than 100 countries globally.
Light Control Switches Market by Product Type (Manual Switches, Electronic Switches and Dimmers), Light Source (Incandescent & Halogen, Fluorescent, LED, HID), End Users and Geography - Global Forecasts to 2022
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