The global market for Smart Switches was estimated to be worth US$ 936 million in 2024 and is forecast to a readjusted size of US$ 1722 million by 2031 with a CAGR of 8.5% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Smart Switches cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
In 2024, global Smart Switches reached approximately 49,545 k Units, with an average global market price of around US$ 19 per Unit.
Smart switches can replace existing traditional switches. It'll take a little more work to wire an in-wall switch. User need to have neutral or ground wires. But then they don't need to deal with batteries, and can control existing wired circuits. Smart switches can be controlled at any time and from anywhere, as long as there is a WiFi connection. For example, if a homeowner is out for the day or is traveling, lights or appliances can be turned off to save on energy. Similarly, lights can be turned on remotely at night for added security. In a nutshell, a smart switch is a device that can be connected to home network and controlled using an app on smartphone.
There are some smart devices that have features that help users conserve energy around your home. From energy monitoring to lowering the temperature of home. Smart switches take over some home appliances, so that these home devices keep the user connected to them and allow to stay connected to the amount of energy consumed by certain devices. Smart plugs have an energy monitoring feature. Get reports on the amount of energy consumed to see how much each device is using. Some smart plugs will even have controls that will shut the plug off when a certain amount of energy has been reached. It will create a great atmosphere for the energy monitoring. As for the family with babies, the product could keep the kids from electricity danger and have a great protection of the whole family.
Smart home devices can be used to help improve the efficiency of home, saving bills of utilities and helping the environment.
Use smart switches to turn off useless appliances each night without having to visit every single switches socket. Many companion apps will now report on the energy usage of smart devices which can help user reduce footprints. Of course, many smart devices will require energy themselves which might offset some of the savings but generally users will be able to reduce bills and consumption overall.
This report aims to provide a comprehensive presentation of the global market for Smart Switches, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Smart Switches by region & country, by Type, and by Application.
The Smart Switches market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Switches.
Market Segmentation
By Company
- 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
Segment by Type
- Wi-Fi and Bluetooth
- ZigBee
- Others
Segment by Application
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Smart Switches manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Smart Switches in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Smart Switches in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Smart Switches Product Introduction
- 1.2 Global Smart Switches Market Size Forecast
- 1.2.1 Global Smart Switches Sales Value (2020-2031)
- 1.2.2 Global Smart Switches Sales Volume (2020-2031)
- 1.2.3 Global Smart Switches Sales Price (2020-2031)
- 1.3 Smart Switches Market Trends & Drivers
- 1.3.1 Smart Switches Industry Trends
- 1.3.2 Smart Switches Market Drivers & Opportunity
- 1.3.3 Smart Switches Market Challenges
- 1.3.4 Smart Switches Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Smart Switches Players Revenue Ranking (2024)
- 2.2 Global Smart Switches Revenue by Company (2020-2025)
- 2.3 Global Smart Switches Players Sales Volume Ranking (2024)
- 2.4 Global Smart Switches Sales Volume by Company Players (2020-2025)
- 2.5 Global Smart Switches Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Smart Switches Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Smart Switches Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Smart Switches
- 2.9 Smart Switches Market Competitive Analysis
- 2.9.1 Smart Switches Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Smart Switches Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Smart Switches as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Wi-Fi and Bluetooth
- 3.1.2 ZigBee
- 3.1.3 Others
- 3.2 Global Smart Switches Sales Value by Type
- 3.2.1 Global Smart Switches Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Smart Switches Sales Value, by Type (2020-2031)
- 3.2.3 Global Smart Switches Sales Value, by Type (%) (2020-2031)
- 3.3 Global Smart Switches Sales Volume by Type
- 3.3.1 Global Smart Switches Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Smart Switches Sales Volume, by Type (2020-2031)
- 3.3.3 Global Smart Switches Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Smart Switches Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Residential
- 4.1.2 Commercial
- 4.2 Global Smart Switches Sales Value by Application
- 4.2.1 Global Smart Switches Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Smart Switches Sales Value, by Application (2020-2031)
- 4.2.3 Global Smart Switches Sales Value, by Application (%) (2020-2031)
- 4.3 Global Smart Switches Sales Volume by Application
- 4.3.1 Global Smart Switches Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Smart Switches Sales Volume, by Application (2020-2031)
- 4.3.3 Global Smart Switches Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Smart Switches Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Smart Switches Sales Value by Region
- 5.1.1 Global Smart Switches Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Smart Switches Sales Value by Region (2020-2025)
- 5.1.3 Global Smart Switches Sales Value by Region (2026-2031)
- 5.1.4 Global Smart Switches Sales Value by Region (%), (2020-2031)
- 5.2 Global Smart Switches Sales Volume by Region
- 5.2.1 Global Smart Switches Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Smart Switches Sales Volume by Region (2020-2025)
- 5.2.3 Global Smart Switches Sales Volume by Region (2026-2031)
- 5.2.4 Global Smart Switches Sales Volume by Region (%), (2020-2031)
- 5.3 Global Smart Switches Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Smart Switches Sales Value, 2020-2031
- 5.4.2 North America Smart Switches Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Smart Switches Sales Value, 2020-2031
- 5.5.2 Europe Smart Switches Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Smart Switches Sales Value, 2020-2031
- 5.6.2 Asia Pacific Smart Switches Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Smart Switches Sales Value, 2020-2031
- 5.7.2 South America Smart Switches Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Smart Switches Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Smart Switches Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Smart Switches Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Smart Switches Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Smart Switches Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Smart Switches Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Smart Switches Sales Value, 2020-2031
- 6.3.2 United States Smart Switches Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Smart Switches Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Smart Switches Sales Value, 2020-2031
- 6.4.2 Europe Smart Switches Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Smart Switches Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Smart Switches Sales Value, 2020-2031
- 6.5.2 China Smart Switches Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Smart Switches Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Smart Switches Sales Value, 2020-2031
- 6.6.2 Japan Smart Switches Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Smart Switches Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Smart Switches Sales Value, 2020-2031
- 6.7.2 South Korea Smart Switches Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Smart Switches Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Smart Switches Sales Value, 2020-2031
- 6.8.2 Southeast Asia Smart Switches Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Smart Switches Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Smart Switches Sales Value, 2020-2031
- 6.9.2 India Smart Switches Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Smart Switches Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Legrand
- 7.1.1 Legrand Company Information
- 7.1.2 Legrand Introduction and Business Overview
- 7.1.3 Legrand Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Legrand Smart Switches Product Offerings
- 7.1.5 Legrand Recent Development
- 7.2 GE lighting (Savant Systems)
- 7.2.1 GE lighting (Savant Systems) Company Information
- 7.2.2 GE lighting (Savant Systems) Introduction and Business Overview
- 7.2.3 GE lighting (Savant Systems) Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 GE lighting (Savant Systems) Smart Switches Product Offerings
- 7.2.5 GE lighting (Savant Systems) Recent Development
- 7.3 Signify
- 7.3.1 Signify Company Information
- 7.3.2 Signify Introduction and Business Overview
- 7.3.3 Signify Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Signify Smart Switches Product Offerings
- 7.3.5 Signify Recent Development
- 7.4 Lutron
- 7.4.1 Lutron Company Information
- 7.4.2 Lutron Introduction and Business Overview
- 7.4.3 Lutron Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Lutron Smart Switches Product Offerings
- 7.4.5 Lutron Recent Development
- 7.5 Panasonic
- 7.5.1 Panasonic Company Information
- 7.5.2 Panasonic Introduction and Business Overview
- 7.5.3 Panasonic Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Panasonic Smart Switches Product Offerings
- 7.5.5 Panasonic Recent Development
- 7.6 Leviton
- 7.6.1 Leviton Company Information
- 7.6.2 Leviton Introduction and Business Overview
- 7.6.3 Leviton Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Leviton Smart Switches Product Offerings
- 7.6.5 Leviton Recent Development
- 7.7 ABB
- 7.7.1 ABB Company Information
- 7.7.2 ABB Introduction and Business Overview
- 7.7.3 ABB Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 ABB Smart Switches Product Offerings
- 7.7.5 ABB Recent Development
- 7.8 Schneider
- 7.8.1 Schneider Company Information
- 7.8.2 Schneider Introduction and Business Overview
- 7.8.3 Schneider Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Schneider Smart Switches Product Offerings
- 7.8.5 Schneider Recent Development
- 7.9 Honeywell
- 7.9.1 Honeywell Company Information
- 7.9.2 Honeywell Introduction and Business Overview
- 7.9.3 Honeywell Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Honeywell Smart Switches Product Offerings
- 7.9.5 Honeywell Recent Development
- 7.10 Siemens
- 7.10.1 Siemens Company Information
- 7.10.2 Siemens Introduction and Business Overview
- 7.10.3 Siemens Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Siemens Smart Switches Product Offerings
- 7.10.5 Siemens Recent Development
- 7.11 Simon
- 7.11.1 Simon Company Information
- 7.11.2 Simon Introduction and Business Overview
- 7.11.3 Simon Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Simon Smart Switches Product Offerings
- 7.11.5 Simon Recent Development
- 7.12 Belkin
- 7.12.1 Belkin Company Information
- 7.12.2 Belkin Introduction and Business Overview
- 7.12.3 Belkin Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 Belkin Smart Switches Product Offerings
- 7.12.5 Belkin Recent Development
- 7.13 Vimar
- 7.13.1 Vimar Company Information
- 7.13.2 Vimar Introduction and Business Overview
- 7.13.3 Vimar Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Vimar Smart Switches Product Offerings
- 7.13.5 Vimar Recent Development
- 7.14 iDevices (Hubbell)
- 7.14.1 iDevices (Hubbell) Company Information
- 7.14.2 iDevices (Hubbell) Introduction and Business Overview
- 7.14.3 iDevices (Hubbell) Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 iDevices (Hubbell) Smart Switches Product Offerings
- 7.14.5 iDevices (Hubbell) Recent Development
- 7.15 Shenzhen Hidin Tech
- 7.15.1 Shenzhen Hidin Tech Company Information
- 7.15.2 Shenzhen Hidin Tech Introduction and Business Overview
- 7.15.3 Shenzhen Hidin Tech Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.15.4 Shenzhen Hidin Tech Smart Switches Product Offerings
- 7.15.5 Shenzhen Hidin Tech Recent Development
- 7.16 Qubino
- 7.16.1 Qubino Company Information
- 7.16.2 Qubino Introduction and Business Overview
- 7.16.3 Qubino Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.16.4 Qubino Smart Switches Product Offerings
- 7.16.5 Qubino Recent Development
- 7.17 Brilliant Home Technology
- 7.17.1 Brilliant Home Technology Company Information
- 7.17.2 Brilliant Home Technology Introduction and Business Overview
- 7.17.3 Brilliant Home Technology Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.17.4 Brilliant Home Technology Smart Switches Product Offerings
- 7.17.5 Brilliant Home Technology Recent Development
- 7.18 Wenzhou MVAVA
- 7.18.1 Wenzhou MVAVA Company Information
- 7.18.2 Wenzhou MVAVA Introduction and Business Overview
- 7.18.3 Wenzhou MVAVA Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.18.4 Wenzhou MVAVA Smart Switches Product Offerings
- 7.18.5 Wenzhou MVAVA Recent Development
- 7.19 TP-LINK
- 7.19.1 TP-LINK Company Information
- 7.19.2 TP-LINK Introduction and Business Overview
- 7.19.3 TP-LINK Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.19.4 TP-LINK Smart Switches Product Offerings
- 7.19.5 TP-LINK Recent Development
- 7.20 Bull
- 7.20.1 Bull Company Information
- 7.20.2 Bull Introduction and Business Overview
- 7.20.3 Bull Smart Switches Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.20.4 Bull Smart Switches Product Offerings
- 7.20.5 Bull Recent Development
8 Industry Chain Analysis
- 8.1 Smart Switches Industrial Chain
- 8.2 Smart Switches Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Smart Switches Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Smart Switches Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer