Oct 15, 2018   SOURCE: BusinessWire

Lighting Contactor Market, 2023 by End-User (Smart Residential Complexes, Commercial, Industrial, and Municipal), Type (Electrically Held and Mechanically Held), Application (Indoor and Outdoor) - ResearchAndMarkets.com

The "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" report has been added to ResearchAndMarkets.com's offering.

The lighting contactor market is projected to grow from USD 737.8 million in 2018 to USD 1,111.0 million by 2023, at a CAGR of 8.53% from 2018 to 2023.

The market for the lighting contactors is driven by the increasing adoption of lighting control and management systems. Lighting contactors are used to control the flow of electricity in the circuit, which is used to power the lighting in the given area. The lighting control and management systems are used to meet the lighting efficiency standards required by the different government regulations. Higher installation cost and limited awareness about the payback period are restraints for the lighting contactor market.

The Commercial segment includes setups such as corporate offices, healthcare and retail complexes, hotels, and educational institutes. The awareness regarding the benefits of increasing energy -efficient lighting solutions is propelling among different stakeholders in the commercial segment. The energy-efficient lighting solution replicates benefits in the form of lower energy cost. The lighting control and management system increases the energy efficiency of the lighting system. Hence, the adoption of lighting control and management system is expected to grow in the commercial segment, which in turn, will drive the lighting contactor market.

The electrically held lighting contactors find their major application in commercial and industrial end-user segments. The commercial and industrial end-user segments are expected to swiftly adopt efficient lighting control and management systems as they increase energy efficiency and reduces the cost of energy. Thus, the electrically held segment is expected to be the largest segment for of the lighting contactor market by type.

Some of the leading players in the lighting contactor market are ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), and Eaton (Republic of Ireland).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Lighting Contactor Market, By Type

7 Lighting Contactor Market, By Application

8 Lighting Contactor Market, By End-User

9 Lighting Contactor Market, By Region

10 Competitive Landscape

11 Company Profiles

  • ABB
  • Acuity
  • Company Benchmarking
  • Eaton
  • Federal Electric
  • Hager
  • Legrand
  • NSI Industries
  • Ripley Lighting Controls
  • Rockwell Automation
  • Schnieder Electric
  • Siemens
  • Sprecher Schuh

For more information about this report visit https://www.researchandmarkets.com/research/hsdv6z/lighting?w=4