Smart Light Switches Market Scope
A smart light switch is a network-enabled smart home device that allows controlling hardwired lights, by way of command that can be either by voice using a virtual assistant or navigating on respective smartphone applications. Smart switches make the most sense when you have a room, or rooms, with many ceiling lights. Smart switches connect to a home Wi-Fi network, and control lights with a phone, tablet or voice-controlled smart speaker. It consists of light, motion, and touch sensors that can leverage to perform functions such as automatically turning ON the lights when it detects movement, controlling lights and the dimmer, as well as receiving notification when away from home.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Smart Light Switches market throughout the predicted period.
Honeywell (United States), General Electric (United States), Philips (Netherlands), Panasonic (Japan), Lutron Electronics Co., Inc. (United States), Leviton Manufacturing Co., Inc. (United States), Belkin International, Inc. (United States), TP-Link (China), Brilliant (United States) and Eaton (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Fibaro (Poland), AmerTac (United States), LeGrand (India), Hubbell (United States), Nedis (Netherlands), Orro (United States), Ecobee (Canada) and iDevices (United States).
Segmentation Overview
The study have segmented the market of Global Smart Light Switches market by Type (Smart Switches and Dimmers), by Application (Residential and Commercial) and Region with country level break-up.
On the basis of geography, the market of Smart Light Switches has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Amazon Alexa, Google Home, HomeKit or SmartThings Compatible Smart Lighting Switches and Wi-Fi Enabled Smart Switches
Market Growth Drivers:
Rapid developments in home automation systems coupled with a rise in disposable income and increasing residential and commercial construction across the globe are driving the demand for smart light switches market., Compatibility with Modern Platforms with Convenience, Voice Integration and Energy Saving and More Value for Money by Controlled Quality of Lighting
Challenges:
Integration with Modern Platforms such as ZigBee and Z-wave and Smart Switches are Bulkier than Their Traditional Counterparts
Restraints:
High Cost of Smart Lighting Switches owing to Add-on Features, Not Good For Homes with Lot of Wi-Fi Dead Spots and Dimming Switches Require Neutral Wire Option When Installing
Opportunities:
Technological Innovation such as the Internet of Things (IoT), Centrally Controlled from Smartphone
Market Leaders and their Expansionary Development Strategies
On April 17, 2018, Lutron Electronics, the leader in smart lighting controls and automated shading solutions, has acquired Ketra, whose natural light solutions provide the highest-quality light that seamlessly emulates daylight in interior spaces.
On January 2, 2020, GE Lighting has launched new smart lighting switches and dimmers to its C by GE line of connected products that do not require the use of a neutral wire. The new switches do not require a hub to connect to the internet or be used with the Google Assistant or Amazon Alexa.
Key Target Audience
Smart Lighting Switches Manufacturers, Technical Developers, Electronics & Appliances Manufacturers, Real Estate Companies, Traders/Exporters/Importers and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.