Global lighting contractor market is valued at approximately USD 690 million in 2017 is anticipated to grow with a growth rate of more than 9 % over the forecast period 2018-2025.
Rising demand for smart control system in lighting, increasing implementation of energy-efficient light and growing adoption of IoT in the light industry are key factor driving the market growth. Additionally, development of smart city along with government initiative and incentives towards energy saving schemes is also contributing towards global lighting contactors market growth opportunity over the forecast period.
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Active market players include-
Eaton (Republic Of Ireland)
Rockwell Automation (Us),
Schneider Electric (France)
As government authorities of different countries are promoting smart lighting projects that in turn is fueling the market growth of lightning contactors. For instance, in 2017, the Chicago department of transport announced about $160 million smart street lighting projects with the utilization of LED bulbs, IoT connected devices. Moreover, Los Angles is also one of the early adopters of smart lighting technologies having currently about 80% of street lights with the use of LED along with 4G LTE wireless technology and also reported saving of 63 % on energy cost. Growing awareness about the energy conservation and energy efficiency government of different nations are introducing programs and incentives towards adoption of smart street and lightning systems. More than 1.5 million LED street lights were deployed in the United States under the U.S. Department of Energy (DOE) under better building programs in year 2016.
Global lighting contactors market report covers segmentation analysis of type, end user and applications. Type segment of lighting contactors further classifies into electrically and mechanically held. Electrically held is the leading type segment owing toits associated benefits such as these contactors operate quietly and also require a lesser amount of amount of controller power etc. These electrically held contactors need a continuous flow of power for constant operation. Thus, in case of power loss, these contactors insulate the light from the circuit. Report further covers segments of end users of lighting contactors which includes commercial, industrial, smart residential complexes and municipal. commercial is the dominating end user segment due to the increased adoption of lighting contactors. Report further covers segments of applications of lighting contactors which includes indoor and outdoor. Indoor segment is the leading and fastest growing application segment due to increased awareness towards reduction in energy consumption along with need to comply with the environmental regulation in the industrial, smart residential and commercial offices.
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The detailed segments and sub-segment of the market are explained below:
Highways & Roadways Lighting
Lighting for Public Places
By End user:
Smart Residential Complexes
Rest of the World
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Table of Contents
Chapter 1. Global Lighting Contactor Market Definition and Scope
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Global Lighting Contactor Market Dynamics
Chapter 5. Global Lighting Contactor Market, By Type
Chapter 6. Global Lighting Contactor Market, By Application
Chapter 7. Global Lighting Contactor Market, By end-user
Chapter 8. Global Lighting Contactor Market, by Regional Analysis
Chapter 9. Competitive Intelligence
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