- A wireless power switch used for household applications is a home device employed to control the switching of household appliances remotely
- These switches make the switching of household appliances easy for physically challenged individuals, elderly people, and anyone who, in any circumstances, needs security and comfort
- The global wireless power switch market is anticipated to expand at a rapid pace during the forecast period, owing to increased demand for wireless power switches for use in the automation of commercial and industrial buildings
Key Drivers of Global Wireless Power Switch Market
- Wireless power switches are used to turn electric appliances on/off from anywhere, even when Wi-Fi has no Internet access
- The global wireless power switch market is expected to be driven by increasing demand for the rapidly changing technology in consumer electronics. Furthermore, expanding base of smart home users is expected to be a major driving factor for the global wireless power switch market during the forecast period.
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Companies operating in the global wireless power switch market are investing to expand their product portfolios as well as their distribution networks. They have adopted strategies such as mergers and acquisitions, development of new products, joint ventures, and expansions to cater to the increasing demand for wireless power switches across different regions.
- The wireless power switch market in Middle East & Africa is estimated to expand at the most rapid pace during the forecast period. This can be attributed to increasing investments in building and infrastructure sectors in the region.
- Middle East & Africa consists of countries such as Saudi Arabia, the UAE, and Qatar, wherein people have high purchasing power. Rapid expansion of cities and development of infrastructure in these countries are expected to drive the wireless power switch market in the region during the forecast period.
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Investments in Building Automation to Drive Market
- Different applications of building automation and control systems include lighting, safety and security, entertainment (audio and video), and HVAC (heating, ventilation, and air-conditioning)
- In addition to these core applications, several new applications are being developed and offered by players from different sectors. These include home healthcare, remote monitoring (as a specialized part of safety and security), home robotics, and pet care.
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