Global Lighting Contactor Market Size study & Forecast, by End-User (Commercial, Industrial, Smart Residential Complexes, Municipal), by Type (Mechanically Held, Electrically Held), by Application (Indoor, Outdoor) and Regional Analysis, 2023-2030

Global Lighting Contactor Market Size study & Forecast, by End-User (Commercial, Industrial, Smart Residential Complexes, Municipal), by Type (Mechanically Held, Electrically Held), by Application (Indoor, Outdoor) and Regional Analysis, 2023-2030

Global Lighting Contactor Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Lighting contactor is an electrical device used to control and switch electrical circuits that are connected to lighting fixtures. It is typically used in commercial and industrial settings where there is a need to control large numbers of lights or lighting circuits. Lighting contactors are designed to handle high electrical loads and are often used in conjunction with lighting control systems to automate the operation of lighting in buildings. The key factors driving the market growth are the rising demand for smart control in the lighting system, the growing adoption of energy-efficient lighting that anticipated to support market growth.

Moreover, the rising adoption of smart lighting systems can indeed support the growth of the lighting contactor market in several ways. Smart lighting refers to lighting systems that are connected to a network and can be controlled remotely or through automation. The smart lighting systems offer advanced control capabilities, allowing users to adjust lighting levels, color temperature, and even individual fixture control. Lighting contactors play a crucial role in enabling these control features, ensuring that the desired lighting settings are implemented accurately. According to Statista, 2020, the smart lighting market was valued at USD 11.06 billion, and it is anticipated to reach USD 22.57 billion by 2025. As a result, the rising adoption of smart lighting systems is anticipated to support the market growth. Additionally, cohesive government initiatives for energy saving and growing technological advancement are anticipated to create a lucrative opportunity for the market during the forecast period 2023-2030. However, the higher installation cost and limited awareness about the payback period stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Lighting Contactor Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players, integration with building automation, and compatibility with IoT. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as rapid urbanization, energy efficiency regulations, and cohesive government incentives that anticipated to support the region growing.


Major market player included in this report are:
ASEA Brown Boveri Ltd.
Siemens AG
Acuity Brands, Inc.
Legrand S.A.
Rockwell Automation
Schnieder Electric
Eaton
Ripley Lighting Controls
Sprecher Schuh
Federal Electric Corporation

Recent Developments in the Market:
 NA

Global Lighting Contactor Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – End-User, Type, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By End-User:
Commercial
Industrial
Smart Residential Complexes
Municipal

By Type:
Mechanically Held
Electrically Held

By Application:
Indoor
Outdoor

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
ASEA Brown Boveri Ltd.
Siemens AG
Acuity Brands, Inc.
Legrand S.A.
Rockwell Automation
Schnieder Electric
Eaton
Ripley Lighting Controls
Sprecher Schuh
Federal Electric Corporation

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