IoT Lighting Switch Market Key Highlights:
- Market Size (2024): USD 879 Million
- Projected Market Size (2034): USD 1,989 Million
- CAGR (2023-2034): 8.5%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
IoT Lighting Switch Market Definition
The IoT lighting switch market includes devices that control and monitor electrical appliances, lighting, and other electric devices. Users can remotely control their devices using a smartphone app or web interface. These switches are designed for ease of use and can be configured to work with various devices. This market is growing because smart lighting switches use IoT-enabled sensors, bulbs, or adapters that allow users to control lighting in a home or office using a smartphone or smart home controller. Major players in the market are integrating artificial intelligence into their products. Schneider Electric announced its AI-powered home energy management system for Wiser Home. The company leads smart home energy management and provides solutions to empower homeowners, builders, and electrical installers.
As the demand for IoT lighting switch market continues to evolve, integrating IoT and connectivity into lighting can provide several benefits, including seamless communication compatibility, improved control capabilities (for example, lighting or dimming), and reduced energy costs. An IoT smart device/sensor helps capture real-time information about when a light is on. Cisco Catalyst Digital Building Series switches can save on energy costs and increase flexibility, security, and productivity.
IoT Lighting Switch Market Segmentation:
By Type
- Wifi and Bluetooth
- Zigbee
- Others
By Application
- Residential
- Non-residential
IoT Lighting Switch Market Companies:
- Legrand
- GE Lighting (Savant Systems)
- Signify
- Lutron
- Panasonic
- Leviton
- ABB
- Schneider
- Honeywell
- Siemens
- Simon
- Belkin
- Vimar
- iDevices (Hubbell)
- Shenzhen Hidin Tech
- Qubino
- Brilliant Home Technology
- Wenzhou MVAVA
- TP-LINK
- Bull.
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