Summary

The light control switch market with the growth of numerous organisations and industries in South Korea, the use of lighting systems is also anticipated to rise. Controlling electric lights becomes even more important as a result. The best solution for this is to use light control switches. The programmed exchange of lighting sources has been acknowledged by the light control switch. With the introduction of cutting-edge lighting systems (which are utilised in a variety of industries), it is anticipated that the light control switching market will experience moderate growth in the years to come. Due to a number of local trends, the lighting and fixture control switch market in South Korea offers significant growth and expansion potential. The rising demand for energy-efficient lighting solutions is one trend driving the market. The history of light and fixture control switches in South Korea can be traced back to the late 20th century, when the country experienced rapid economic growth known as the "Miracle on the Han River." As the country's economy grew, there was a greater demand for energy-efficient lighting and control systems that could help reduce energy consumption and costs. In the early days, light and fixture control switches were simple mechanical switches that were manually operated. However, as technology advanced, more sophisticated control systems were developed that could be programmed and automated to provide greater energy savings and convenience.

According to the research report "South Korea Light & Fixture Control Switches Market Overview, 2028," published by Bonafide Research, the South Korea Light & Fixture Control Switches Market is projected to reach a market size of USD 378.97 Million by 2028. Based on the report, the product types include rocker and toggle switches, touch-based switches, dimmers, sensor-based switches, wireless or kinetic switches, and others (keypad switches, push-button switches, illuminated switches). Wireless and kinetic switches held the major share in the South Korea market. The Wireless/ Kinetic Switches will see the greatest CAGR growth in the future. The need for wireless and kinetic switches is anticipated to rise as more South Korean families embrace smart home technologies due to the rising demand for smart homes. These switches provide more control and convenience by making it simple for customers to turn on and off lights from their smartphones or other devices. South Korea is known for its technological innovation, and the development of light and fixture control switches is no exception. The country's leading electronics companies have invested heavily in research and development to create advanced and user-friendly systems that offer greater convenience and energy savings. South Korea has a high population density and limited natural resources, which has led to a focus on energy conservation and efficiency. The use of light and fixture control switches allows for greater control over energy usage, which can result in significant cost savings and reduced environmental impact.

There are several start-ups in South Korea that are focused on developing and promoting light and fixture control switches and related smart home technologies. C-Light is a start-up that has developed a smart lighting control system that uses machine learning and artificial intelligence to optimise energy efficiency. The system can be controlled through a mobile app and can learn user behaviour patterns to adjust lighting levels automatically. Luxrobo is a start-up that has developed a modular smart home system called MODI that can be customised to control lighting, appliances, and other devices. The system uses a modular design that allows users to add or remove components as needed. VTouch is a start-up that has developed a touchless gesture control system for smart homes. The system uses infrared sensors to detect hand gestures and can be used to control lighting, appliances, and other devices without the need for physical contact. SmartThings is a start-up that has developed a smart home platform that can be used to control lighting, security systems, and other devices. The platform uses a hub that connects to various sensors and devices to provide users with remote control and monitoring capabilities.

Based on the report, the Switch Solution segment includes stand-alone solutions and integrated solutions. In South Korea, the standalone switch solution leads the market. Standalone switches are generally less expensive than integrated solutions, which makes them more appealing to consumers who are looking for cost-effective ways to upgrade their homes. South Korean consumers tend to prefer standalone switches over integrated solutions, as they offer a simple and straightforward way to control their lighting and other devices. This preference is likely influenced by cultural factors as well as the practical considerations mentioned above. Based on the application segment, it consists of residential, commercial, and others (industrial, highways, public places, and architectural places). Currently, the residential segment is leading the South Korean market. In the future, the commercial segment will grow at the highest CAGR rate. The distribution channel includes retail stores, institutions, supermarkets, hypermarkets, and online. The retail stores are leaders in the South Korean market. Some of the top retail stores are Homeplus, Lotte Mart, E-Mart, Hi-Mart, GMarket, Coupang, and B&Q.

Considered in this report

• Geography: South Korea
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• South Korea Light Control Switches market with its value and forecast along with its segments
• Country-wise Light Control Switches market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type

• Rocker & Toggle Switches
• Touch-Based Switches
• Dimmers
• Sensor-based Switches
• Wireless/ Kinetic Switches
• Others

By Switch Solution

• Standalone
• Integrated

By Application

• Residential
• Commercial
• Others

By Distribution Channel

• Retail Stores
• Institutional
• Supermarket/ Hypermarket
• Online

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Light Control Switches industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

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Table of Contents

Table of Contents

1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. South Korea Macro Economic Indicators
5. Market Dynamics
5.1. Key Findings
5.2. Key Developments - 2021
5.3. Market Drivers & Opportunities
5.4. Market Restraints & Challenges
5.5. Market Trends
5.6. Covid-19 Effect
5.7. Supply chain Analysis
5.8. Policy & Regulatory Framework
5.9. Industry Experts Views
6. South Korea Light Control Switches Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast By Product Type
6.3. Market Size and Forecast By Switch Solution
6.4. Market Size and Forecast By Application
6.5. Market Size and Forecast By Distribution Channel
7. South Korea Light Control Switches Market Segmentations
7.1. South Korea Light Control Switches Market, By Product Type
7.1.1. South Korea Light Control Switches Market Size, By Rocker & Toggle Switches, 2017-2028
7.1.2. South Korea Light Control Switches Market Size, By Touch-Based Switches, 2017-2028
7.1.3. South Korea Light Control Switches Market Size, By Dimmers, 2017-2028
7.1.4. South Korea Light Control Switches Market Size, By Sensor-based Switches, 2017-2028
7.1.5. South Korea Light Control Switches Market Size, By Wireless/ Kinetic Switches, 2017-2028
7.1.6. South Korea Light Control Switches Market Size, By Others, 2017-2028
7.2. South Korea Light Control Switches Market, By Switch Solution
7.2.1. South Korea Light Control Switches Market Size, By Standalone, 2017-2028
7.2.2. South Korea Light Control Switches Market Size, By Integrated, 2017-2028
7.3. South Korea Light Control Switches Market, By Application
7.3.1. South Korea Light Control Switches Market Size, By Residential, 2017-2028
7.3.2. South Korea Light Control Switches Market Size, By Commercial, 2017-2028
7.3.3. South Korea Light Control Switches Market Size, By Others, 2017-2028
7.4. South Korea Light Control Switches Market, By Distribution Channel
7.4.1. South Korea Light Control Switches Market Size, By Retail Stores, 2017-2028
7.4.2. South Korea Light Control Switches Market Size, By Institutional, 2017-2028
7.4.3. South Korea Light Control Switches Market Size, By Supermarket/ Hypermarket, 2017-2028
7.4.4. South Korea Light Control Switches Market Size, By Online, 2017-2028
8. South Korea Light Control Switches Market Opportunity Assessment
8.1. By Product Type, 2023 to 2028
8.2. By Switch Solution, 2023 to 2028
8.3. By Application, 2023 to 2028
8.4. By Distribution Channel, 2023 to 2028
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.1.1. Company Snapshot
9.2.1.2. Company Overview
9.2.1.3. Financial Highlights
9.2.1.4. Geographic Insights
9.2.1.5. Business Segment & Performance
9.2.1.6. Product Portfolio
9.2.1.7. Key Executives
9.2.1.8. Strategic Moves & Developments
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer

List of Figures

Figure 1: South Korea Light Control Switches Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 2: Market Attractiveness Index, By Product Type
Figure 3: Market Attractiveness Index, By Switch Solution
Figure 4: Market Attractiveness Index, By Application
Figure 5: Market Attractiveness Index, By Distribution Channel
Figure 6: Porter's Five Forces of South Korea Light Control Switches Market


List of Table

Table 1 : Influencing Factors for Global Light Control Switches Market, 2022
Table 2: South Korea Light Control Switches Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 3: South Korea Light Control Switches Market Size and Forecast By Switch Solution (2017, 2022 & 2028F)
Table 4: South Korea Light Control Switches Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 5: South Korea Light Control Switches Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 6: South Korea Light Control Switches Market Size of Rocker & Toggle Switches (2017 to 2028) in USD Million
Table 7: South Korea Light Control Switches Market Size of Touch-Based Switches (2017 to 2028) in USD Million
Table 8: South Korea Light Control Switches Market Size of Dimmers (2017 to 2028) in USD Million
Table 9: South Korea Light Control Switches Market Size of Sensor-based Switches (2017 to 2028) in USD Million
Table 10: South Korea Light Control Switches Market Size of Wireless/ Kinetic Switches (2017 to 2028) in USD Million
Table 11: South Korea Light Control Switches Market Size of Others (2017 to 2028) in USD Million
Table 12: South Korea Light Control Switches Market Size of Standalone (2017 to 2028) in USD Million
Table 13: South Korea Light Control Switches Market Size of Integrated (2017 to 2028) in USD Million
Table 14: South Korea Light Control Switches Market Size of Residential (2017 to 2028) in USD Million
Table 15: South Korea Light Control Switches Market Size of Commercial (2017 to 2028) in USD Million
Table 16: South Korea Light Control Switches Market Size of Others (2017 to 2028) in USD Million
Table 17: South Korea Light Control Switches Market Size of Retail Stores (2017 to 2028) in USD Million
Table 18: South Korea Light Control Switches Market Size of Institutional (2017 to 2028) in USD Million
Table 19: South Korea Light Control Switches Market Size of Supermarket/ Hypermarket (2017 to 2028) in USD Million
Table 20: South Korea Light Control Switches Market Size of Online (2017 to 2028) in USD Million