Title: Global Lighting Contactor Market
1Global Lighting Contactor Market was valued at
US 669.95 Mn in 2017 and is expected to reach
US 1490.80 Mn by 2026, at a CAGR of 10.52
during a forecast period. Global Lighting
Contactor Market
Lighting contactors are relay switches, which
control the flow of electricity through a circuit
running the lighting. They can control circuits
with higher voltages, which can be unsafe to the
operator. A lighting contactor switch functions
at a lower but safer load and used to controls
the high voltage and current circuit using an
electromagnet. The growing requirement for
energy efficiency is the major key drivers of the
global lighting contactor market. The
governments of various countries are focusing to
adopt LED lighting to upsurge energy efficiency,
which helps to reduce the maintenance and
utilization cost. Lighting control systems shrink
the energy consumption by enhancing ambient
light levels as per the consumers needs.
Government initiatives for the project for
energy saving and expansion of smart cities are
major opportunities in the global lighting
contactor market. Lighting contactors are used
extensively in commercial arrangements includes
corporate offices, healthcare and retail
complexes, hotels, restaurants, and educational
institutes. Lighting control systems involve
lighting contactors for regulatory lights, which
require normal on and off operation. An upsurge
in the adoption of energy-efficient lighting is
expected to boost the lighting contactor
market. Furthermore, a high cost of installation
and lack of standard regulatory framework are
limiting the market growth.
2- The electrically held segment is expected to grow
at a high rate of CAGR during the forecast
period. These contactors require a continuous
flow of power for constant operation. If the
power is lost, the contactors detach the light
from the circuit. A constant current flow is
compulsory to keep the contactor energized.
These contactors are soundless and ingest less
amount of control power compared with other
contactors. They are mainly used in smart housing
complexes and commercial and industrial
segments. These factors are expected to increase
demand for electrically held contactors over
mechanically held contactors. - Europe is expected to lead the global lighting
contactor market during the forecast period. The
growing demand for lighting control systems is
expected to increase demand for lighting
contactor. Increasing focus towards green city
projects with the benefits such as energy
efficiency in most of the European countries is
expected to drive lighting contactor market
growth. The region is focusing to meet target
includes the 20 energy savings by 2020. The
end-user applications such as historical
buildings, architectural sites, and hospitality
businesses contribute to the improved demand for
innovative lighting solutions. - The objective of the report is to present a
comprehensive assessment of the market and
contains thoughtful insights, facts, historical
data, industry-validated market data and
projections with a suitable set of assumptions
and methodology. The report also helps in
understanding dynamics, structure by analyzing
the market segments by material, type, end-user
and region and, project the global market size.
The report also provides a clear representation
of competitive analysis of key players by
product, price, financial position, product
portfolio, growth strategies, and regional
presence in the Lighting Contactor Market. The
report also provides PEST analysis, PORTERs
analysis, SWOT analysis to address the question
of shareholders in arranging the efforts and
investment in the near future to a particular
market segment. - Scope of the Report for Global Lighting Contactor
Market - Global Lighting Contactor Market, By Type
- Mechanically Held
- Electrically Held
- Global Lighting Contactor Market, By Application
- Indoor
3- Commercial
- Industrial
- Smart Residential Complexes
- Municipal
- Global Lighting Contactor Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East Africa
- South America
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