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

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Lighting Contactor Market worth $1,111.0 million by 2023

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The report "Lighting Contactor Market” by End-User (Smart Residential Complexes, Commercial, Industrial, and Municipal), Type (Electrically Held and Mechanically Held), Application (Indoor and Outdoor), and Region - Global Forecast to 2023", 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. – PowerPoint PPT presentation

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


1
Lighting Contactor Market by End-User, Type,
Application and Region - Global Forecast to 2023
www.MarketsandMarkets.com
2
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. PDF Brochure
https//www.marketsandmarkets.com/pdfdownload.asp
?id24570823

3
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. Request for
Customization https//www.marketsandmarkets.com/
requestCustomization.asp?id24570823
4
Browse gtgt 63 market data
tables 32 figures
113 pages and in-depth TOC on
Lighting Contactor Market - Global Forecast to
2023 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
5
Asia Pacific Expected to be the leading market
for CHP during the forecast period. 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
Sample _at_ https//www.marketsandmarkets.com/request
sample.asp?id24570823
6
  • Target Audience
  • The target audience of this report includes
  • 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

7
  • 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 CHP
    market. These include
  • ABB (Switzerland)
  • Siemens (Germany)
  • Schneider Electric (France)
  • Rockwell Automation (US)
  • Eaton (Republic of Ireland)
  • Buy Now -
  • https//www.marketsandmarkets.com/Purchase/purchas
    e_report1.asp?id24570823

8
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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