Lighting Contactor Market worth $1,111.0 million by 2023 - PowerPoint PPT Presentation

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Title: Lighting Contactor Market worth $1,111.0 million by 2023


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Lighting Contactor Market by End-User, Type,
Application and Region - Global Forecast to 2023
www.MarketsandMarkets.com
2
The lighting contactor market is expected to grow
from an estimated USD 737.8 million in 2018 to
USD 1,111.0 million by 2023, at a CAGR of 8.53
from 2018 to 2023. This growth can be attributed
to the increasing adoption of energy-efficient
lighting, growing demand for smart controls in
lighting systems, and increasing adoption of IoT
in the lighting industry. Browse and in-depth
TOC on "Lighting Contactor Market" 63 -
Tables 32 - Figures 113 - Pages   View more
detailed TOC _at_ https//www.marketsandmarkets.com/
Market-Reports/lighting-contactor-market-24570823.
html
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Electrically held segment is expected to grow at
the fastest rate in the lighting contactor
market, by type, during the forecast period. The
electrically held segment is expected to grow at
the fastest rate in the lighting contactor market
during the forecast period. These contactors
require an uninterrupted flow of power for
continuous operation. If the power is lost, the
contactors isolate the light from the circuit. A
constant current flow is required to keep the
contactor energized. These contactors are
noiseless and consume less amount of control
power than other contactors. They are mainly used
in smart residential complexes and commercial and
industrial segments. Thus, the adoption of
electrically held contactors is more than
mechanically held contactors. PDF Brochure
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Commercial segment is expected to hold the
largest share of the lighting contactor market,
by end-user, during the forecast
period. Lighting contactors are used widely in
commercial setups such as corporate offices,
healthcare and retail complexes, hotels,
restaurants, and educational institutes.
Increasing need for energy efficiency is the
major objective for governments, organizations,
building owners, and other stakeholders. The
governments in different countries are adopting
LEDs to increase energy efficiency as it can
directly reduce the maintenance and utilization
cost. Lighting control systems reduce the energy
consumption by optimizing ambient light levels to
suit the users needs, thereby reducing the
overall demand for lighting energy. Lighting
control systems require lighting contactors for
controlling lights, which require frequent on and
off operation. Thus, the increase in the adoption
of energy-efficient lighting is likely to boost
the lighting contactor market. Request for
Customization https//www.marketsandmarkets.com/
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Europe the leading market for lighting
contactors In this report the lighting contactor
market has been analyzed on the basis of 5
regions, namely, Asia Pacific, Europe, North
America, South America, and Middle East Africa.
The market in Europe is expected to lead the
global lighting contactor market in 2018 and is
projected to have the largest market share by
2023. The growing demand for lighting control
systems in Europe makes it a potentially growing
market for lighting contactor providers. The
drive for green city projects has brought into
the focus on energy efficiency in most of the EU
countries. This has created a market opportunity
for the manufacturers of LED and energy-efficient
lighting control systems and solutions. Moreover,
historical buildings, architectural sites, and
hospitality businesses contribute to the
increased demand for innovative lighting
solutions. Thus, the demand for lighting control
systems in commercial, residential, and
industrial sectors is increasing which is likely
to drive the lighting contactor market. Request
for Free Sample Report _at_ https//www.marketsandmar
kets.com/requestsample.asp?id24570823
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  • Target Audience
  • Government Agencies
  • Investment Banks
  • Lighting Contactor OEM
  • Lighting Control Association
  • Lighting Management Association
  • Lighting Control System OEM
  • Regulatory Authorities
  • Speak to analyst _at_ https//www.marketsandmarkets.c
    om/speaktoanalyst.asp?id24570823

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  • Key players -
  • To enable an in-depth understanding of the
    competitive landscape, the report includes the
    profiles of some of the top players in the
    market. The key players in the lighting contactor
    market include
  • ABB (Switzerland),
  • Siemens (Germany),
  • Schneider Electric (France),
  • Rockwell Automation (US),
  • Eaton (Republic of Ireland), etc.
  • Buy Now -
  • https//www.marketsandmarkets.com/Purchase/purchas
    e_report1.asp?id24570823

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ContactMr. Shelly SinghMarketsandMarkets
INC.630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 UK
44-800-368-9399Email sales_at_marketsandmarkets.com
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