Global Lighting Contactor Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Lighting Contactor Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global lighting contactor market report has been segmented on the basis of sensor type, deployment, end user, and region.

Request Covid - 19 Impact


Global Lighting Contactor Market: Overview

Lighting contactor is designed to control lighting for institutional, commercial, industrial, and residential facilities. Lighting contactor is used for providing convenient means for remote switching of tungsten or ballast lamp loads. It also helps to provided guidelines that could support the end user’s needs, and various types of light controls.

Global Lighting Contactor Market: Dynamics

Increasing adoption of lighting contactor as a lighting control solution that is based on intelligent based network, is a major factor driving growth of the global lighting contactor market. In addition, increasing preference for smart light control systems among end users, for improvement of safety and security as well as efficient interior decoration are some of the other factors supporting growth of the global market.

Increasing use of lighting contactor in smart lighting system in order to reduce cost of energy and carbon emission is also expected to fuel growth of the target market over the forecast period. Furthermore, growing adoption for advanced technologies such as internet of things in lighting contractor is anticipated to bolster growth of the global lighting contactor market in the near future.

However, lack of awareness regarding advantages of smart lighting systems especially in emerging countries is a factor that may hamper growth of the global lighting contactor market. Nevertheless, development of smart cities can create high revenue opportunities for key players in the target market during the forecast period.

Global Lighting Contactor Market: Segment Analysis

As per sensor type, the electrically held segment accounts for major share in the global market and expected to register significant growth in terms of revenue in the near future. increasing adoption of electrically held lighting contactors, owing to its low power consumption is a factor propelling growth of the target segment in the market. As per end-user, the municipal segment is expected to account for significant share in terms of revenue over the forecast period. Increasing use of smart lighting systems in commercial complexes, buildings and government premises is anticipated to boost growth of the target market in the upcoming years.

Global Lighting Contactor Market: Regional Analysis

Currently, market in Europe dominates the global market in terms of revenue and is expected to maintain its position over the forecast period. Growing green city project in countries in the region is a key factor driving growth of the Europe lighting contractor market. in addition, government initiatives to use smart lighting system for efficient power consumption is another factor supporting growth of the target market in Europe.  Market in North America is anticipated to register lucrative growth in terms of revenue in the near future, followed by Asia Pacific. Middle East & Africa and Latin America markets are anticipated to register moderate growth rate in terms of revenue over the forecast period.

Global Lighting Contactor Market Segmentation:

Segmentation by Type:

Electrically Held
Mechanically Held

Segmentation by Application:

Outdoor
Indoor

Segmentation by End-User:

Municipal
Industrial
Commercial
Smart Residential Complexes