Switches and Dimmers Market – Overview
An electrical switch refers to an electronic equipment that can engage or break a circuit by diverting the current, or interrupting it from one conductor to other. It can be manual or automatic. The switch can be directly operated by human, as a control of the power flow in a circuit. These switches can be operated by various means, such as temperature, pressure, current, flow & voltage and by sensors, for automatic control of the system. Dimmer switches are electric switches that enable the user to adjust brightness of the light from near dark to fully light levels by sliding a lever or turning a knob.
Switches and Dimmers Market – Drivers and Restraints
Increasing consumer demand for energy-saving lighting systems coupled with convergence of lighting with IoT and rising acceptance of standard protocols for lighting products are major factors that are expected to drive the switches and dimmers market during the forecast period. Rise in urbanization coupled with development of advanced modular electrical switches are key factors driving the switches and dimmers market. Manufacturers are also developing advanced electrical switches that are more energy-efficient and require lesser maintenance. Furthermore, increasing demand for esthetically appealing switches and dimmers in new and infrastructures under renovation is likely to boost demand for these switched from the industry during the forecast period.
Real-estate property contractors and local builders also prefer to provide their customers with newer types of switches according to their customized requirements, thereby propelling the construction quality of the overall infrastructure. Modular switches are advanced versions of conventional switches, which caters to the increasing demand for esthetics and safety by end-users. Security and safety concerns coupled with increasing acceptance of smart and attractive electrical switches among end-users is a prominent trend that is anticipated to fuel the switches and dimmers market during the forecast period.
However, volatility in raw material prices and availability of lower quality and inexpensive products offered by local manufacturers are likely to hinder the global switches and dimmers market. Moreover, the longer purchase interval of switches and dimmers (lifespan of about 10 years), is projected to hamper the market during the forecast period.
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Switches and Dimmers Market – Segmentation
In terms of product, the global switches and dimmers market can be segmented into manual switches, electronic switches, wired dimmers, and wireless dimmers. The manual switches segment can be further classified into rocker light switches, toggle light switches, and specialty light switches. Based on control style, the switches and dimmers market can be segregated into slide dimmers, toggle dimmers, rocker dimmers, and rotary dimmers. In terms of end-use, the market can be classified into commercial, industrial, and residential users. Based on distribution channel, the switchers and dimmers market can be bifurcated into online and offline distribution channel.
Asia Pacific accounted for a major share of the market. The switches and dimmers market in the region is anticipated to expand at a significant CAGR during the forecast period. Easy availability of electrical switches at affordable prices in the region has increased their adoption in various applications such as residential and commercial buildings, hospitality, and industries. Expansion of the construction sector in developing countries has boosted the demand for electrical switches.
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The construction industry in India is anticipated to expand at a rapid pace. Newer constructions will demand for technologically advanced switches and dimmers in the country. Moreover, implementation of government regulations and norms to minimize mishaps, owing to lack of maintenance of electronic products, has prompted consumers to install durable and safe switches and dimmers in their infrastructure.
Switches and Dimmers Market – Key Players
Major industry participants of the global switches and dimmers market include ABB, Alps, GE, Havells, Legrand, Longsheng, Panasonic, Salzer Electronics, Schnieider Electric, and Siemens. These companies are adopting various strategies, such as mergers & acquisitions, new product developments and the business expansions, in order to expand their market share in the global switches and dimmers market.
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