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Mexico Light Control Switches Market Overview, 2028


The light and fixture control switch market in Mexico is growing rapidly due to various factors, such as increasing urbanisation, rising disposable incomes, and growing demand for energy-efficient ... もっと見る

 

 

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2023年4月30日 US$1,950
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Summary

The light and fixture control switch market in Mexico is growing rapidly due to various factors, such as increasing urbanisation, rising disposable incomes, and growing demand for energy-efficient and cost-effective lighting solutions. Here are some of the opportunities and trends in the light and fixture control switch market in Mexico. With the increasing adoption of smart home technologies in Mexico, there is a growing demand for smart lighting solutions. Smart lighting systems allow users to control their lighting remotely using a smartphone or voice command, which provides convenience and energy savings. Mexico has set a goal to increase its renewable energy consumption to 35% by 2024, which has created a growing demand for energy-efficient lighting solutions. Light and fixture control switches that are designed to save energy and reduce electricity bills are in high demand in Mexico. Home automation is gaining popularity in Mexico, and light and fixture control switches are an integral part of this trend. Home automation systems allow users to control various aspects of their home, including lighting, from a single device, which provides convenience and energy savings. The light and fixture control switch market in Mexico is not limited to residential applications. There is a growing demand for lighting control solutions in commercial applications, such as offices, retail stores, and hospitality venues.

According to the research report "Mexico Light Control Switches Market Overview, 2028," published by Bonafide Research, the Mexico Light Control Switches market is projected to reach a market size of more than USD 300 Million by 2028. Mexico has a growing urban population, which is creating demand for new housing developments and urban infrastructure. This is driving the demand for light and fixture control switches in residential and commercial settings. Mexico is putting in place a variety of measures to enhance energy efficiency and minimise energy usage. Light and fixture control switches that save energy and lower electricity bills are in high demand in Mexico. Disposable incomes are also rising in Mexico as the economy expands. This is driving the demand for energy-efficient and convenient home automation and smart lighting solutions. Based on the product types, there are rocker and toggle switches, touch-based switches, dimmers, sensor-based switches, wireless/kinetic switches, and others (keypad switches, push-button switches, and illuminated switches). The rocker and toggle switches have the highest market share in Mexico. Rockers and toggle switches have the highest market share in Mexico due to their low cost and high reliability. It is simple, durable, and reliable, which makes it an ideal choice for a wide range of applications. They can be used with a variety of light bulbs, such as incandescent, fluorescent, and LED, making them versatile and suitable for a wide range of applications. Rocker and toggle switches have a simple and intuitive design that makes them easy to operate, even for individuals who are not familiar with advanced lighting control technologies. This makes them a popular choice among residential customers who want an easy-to-use and reliable lighting control solution. In the future, touch-based switches will grow at the highest CAGR in the country.

The Mexican government has implemented several initiatives to promote energy efficiency and sustainability in the country, which has had a positive impact on the light and fixture control switch market. The Mexican government launched the National Energy Strategy in 2013, which is aimed at promoting sustainable energy use and reducing greenhouse gas emissions. As part of this strategy, the government has implemented various measures to promote energy efficiency in buildings, including the use of energy-efficient lighting and lighting controls. The Mexican government has also implemented the Energy Efficiency Programme, which is aimed at reducing energy consumption in the country by promoting the use of energy-efficient technologies. This programme provides financial incentives to individuals and businesses that adopt energy-efficient lighting and lighting controls, which has contributed to the growth of the light and fixture control switch market in Mexico. Energy Transition Law: In 2015, the Mexican government passed the Energy Transition Law, which is aimed at promoting the use of renewable energy and reducing the country's reliance on fossil fuels. As part of this law, the government has implemented various measures to promote energy efficiency, including the use of energy-efficient lighting and lighting controls. The Mexican government's National Housing Policy aims to promote the development of sustainable housing that is energy-efficient and environmentally friendly. This policy encourages the use of energy-efficient lighting and lighting controls in residential buildings, which has contributed to the growth of the light and fixture control switch market in Mexico.

Based on the application, it includes residential, commercial, and others (industrial, highways, public places, and architectural places). The residential segment is leading the Mexico light and fixture control switch market. In the future, the commercial segment will grow at the highest CAGR in Mexico. One of the main reasons is the growth of the commercial sector in the country, which has led to an increased demand for lighting control solutions in commercial buildings. As well, advances in lighting control technologies, such as the Internet of Things (IoT) and smart lighting, are making it easier and more cost-effective for commercial businesses to implement lighting control solutions in their buildings. Based on the distribution channel, this includes retail stores, institutions, supermarkets, hypermarkets, and online. Retail stores have the highest market share; some of the top retail stores in Mexico are The Home Depot Mexico, Coppel, Liverpool, Elektra, and Steren Electronics.

Considered in this report

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

Aspects covered in this report

• Mexico 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. Mexico 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. Mexico 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. Mexico Light Control Switches Market Segmentations
7.1. Mexico Light Control Switches Market, By Product Type
7.1.1. Mexico Light Control Switches Market Size, By Rocker & Toggle Switches, 2017-2028
7.1.2. Mexico Light Control Switches Market Size, By Touch-Based Switches, 2017-2028
7.1.3. Mexico Light Control Switches Market Size, By Dimmers, 2017-2028
7.1.4. Mexico Light Control Switches Market Size, By Sensor-based Switches, 2017-2028
7.1.5. Mexico Light Control Switches Market Size, By Wireless/ Kinetic Switches, 2017-2028
7.1.6. Mexico Light Control Switches Market Size, By Others, 2017-2028
7.2. Mexico Light Control Switches Market, By Switch Solution
7.2.1. Mexico Light Control Switches Market Size, By Standalone, 2017-2028
7.2.2. Mexico Light Control Switches Market Size, By Integrated, 2017-2028
7.3. Mexico Light Control Switches Market, By Application
7.3.1. Mexico Light Control Switches Market Size, By Residential, 2017-2028
7.3.2. Mexico Light Control Switches Market Size, By Commercial, 2017-2028
7.3.3. Mexico Light Control Switches Market Size, By Others, 2017-2028
7.4. Mexico Light Control Switches Market, By Distribution Channel
7.4.1. Mexico Light Control Switches Market Size, By Retail Stores, 2017-2028
7.4.2. Mexico Light Control Switches Market Size, By Institutional, 2017-2028
7.4.3. Mexico Light Control Switches Market Size, By Supermarket/ Hypermarket, 2017-2028
7.4.4. Mexico Light Control Switches Market Size, By Online, 2017-2028
8. Mexico 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: Mexico 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 Mexico Light Control Switches Market


List of Table

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

 

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