Lighting Contactor Market: 2019 Global Research Report

Global Lighting Contactor Market Research Report: Information by Type (Electrically and Mechanically held), Installation (Indoor & Outdoor), End-User and Regions (North America, Europe, Asia-Pacific, Middle East & Africa, & South America) – Forecast till 2023.

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Market Scenario:

Lighting contactor is an electrically as well as mechanically operated device used for switching an electrical power circuit. Lighting contactors can be divided in three broad categories, namely, feeder disconnect type 2, type 3, and 4-pole lighting contactors rated up to 2,250 amperes. These contactors are used to control large blocks of load with low-voltage control for individual branch circuit or lighting control. Moreover, it is estimated that there will be a substantial growth of the global lighting contactor market mostly because of the developed economies.

Energy-efficiency has become the major driver for the growth of the global lighting contactor market. Additionally, governments around the globe are developing policies to encourage the use of energy-efficient devices, due to their benefits including reduced energy consumption and savings in cost. According to International Energy Efficiency (IEA), global energy demand rose by 1.9% in 2017 led by strong economic growth, ultimately driving energy efficiency.

Indoor segment is becoming popular with users as there is increasing need for proper lighting control system in commercial, residential, and industrial applications. Outdoor installation is usually preferred in the open areas mainly available in developing nations. A major advantage of outdoor lighting contactor is its simple design and construction featuring a controller. The outdoor lighting contactor are comparatively low-cost solutions for outdoor lighting. A major disadvantage of outdoor lighting contactor is a space constraint. In most of the developed economies, space can be a big hindrance compelling the end-users to go for indoor lighting contactors.

The global lighting contactor market is projected to grow at a high rate during the forecast period, mainly due to the growing demand for energy efficiency and adoption of IoT in lighting control system. Governments around the world have developed attractive incentives, rewarding the use of energy-efficient equipment, which further drives the growth of the global lighting contactor market, globally.

Global lighting contactor market has been segmented based on type, installation, end- user, and region. Based on type, the market is classified into indoor and outdoor. Indoor segment is leading the market and has the largest market share, mainly due to increasing need for proper lighting control system in commercial, residential, and industrial applications. Based on type, the market is segmented into electrically and mechanically held. Electrically held segment dominates the market as these contactors operate quietly and consume less energy. The global lighting contactor market is further segmented based on end-user, including residential, industrial, commercial, and other segments. Commercial and industrial segments of the global Lighting Contactor market are estimated to register the highest market share during the forecast period.

The global Lighting Contactor market is expected to grow at 8.25% CAGR during the forecast period.

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At Market Research Future (Mrfr), we enable our customers to unravel thec omplexity of various industries through our Cooked Research Report (Crr), Half-Cooked Research Reports (Hcrr).