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Lighting Contactor Market by End-User, Type, Application And Region - Global Forecast to 2023

Lighting Contactor Market: Global Forecast until 2023

  • October 2018
  • 114 pages
  • ID: 5589888
In this report:
The municipal (public) segment is projected to reach USD ##,##.## thousand by 2023 and is expected to grow at a CAGR of ##.##% from 2018 to 2023.
According to the Japanese Ministry of Economy, Trade and Industry and the Agency of Natural Resource and Energy, the industrial sector accounted for approximately ##% of the energy consumption while the household sector accounted for ##% in 2012.

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The lighting contactor market is estimated to rise at a compound annual growth rate of ~8.5 percent from 2018 to 2023

The lighting contactor market is forecasted to grow from $737.80M in 2018 to $1111.00M by 2023, at a compound annual growth rate (CAGR) of ~8.5 percent from 2018 to 2023. The sector for the lighting contactors is influenced by the growing adoption of lighting control and management systems. Lighting contactors is are used to control the flow of electricity in the circuit, which is used to power the lighting in the given area. The lLighting control and management systems are used to meet the lighting efficiency standards required by the distinct government regulations. Higher installation cost and limited awareness about the payback period are business restraints for the lighting contactor market.

Commercial segment is anticipated to be the quickest increasing segment of the lighting contactor market, by end-user, during the estimate period

The Ccommercial segment includes set ups including corporate offices, healthcare and retail complexes, hotels, and educational institutes.The awareness concerning the benefits of rising energy -efficient lighting solutions is propelling among various stake holders in the commercial segment.

The energy- efficient lighting solution replicates profits in the form of lower energy cost.The lighting control and management system increases the energy efficiency of the lighting system.

Therefrom, the adoption of lighting control and management system is anticipated to grow in the commercial segment, which in turn, will would drive the lighting contactor market.

Electrically Held segment is anticipated to be the most important segment of the lighting contactor market, by category, during the outlook period

The eElectrically held lighting contactors find its their main application in commercial and industrial end-user segments.The commercial and industrial end-user segments is are anticipated to swiftly adopt the efficient lighting control and management system as it increases energy efficiency and reduces the cost of energy.

Therefore, the electrically held segment is anticipated to be the biggest segment for of the lighting contactor market by category.

Asia-Pac: the Kkey market for lighting contactor sectors

Asia Pacific (APAC) is the quickest increasing lighting contactor market during the forecast period due to the growing adoption of efficient lighting systems by commercial, industrial, and municipal end-user segments.The main economies in the region including India, China (CN), and Japan (JP) are the commercial hubs for manufacturing and service industry.

The commercial and industrial end-user segments are adopting lighting control and management systems to lower the energy cost. Also,In addition municipal the government authorities in these countries are adopting smart lighting systems for street lights to minimize energy consumption, thereby driving the lighting contactor market.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, industry consultants, and other experts to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1-35.0 percent, Tier 2-28.0 percent, Tier 3-37.0 percent

• By Description: C-Level-55%, Manager Level-30%, Others-15%

By area: North America-42%, Europe-22%, Asia Pacific-18%, Middle East & Africa -15.0 percent, South America -3.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue; as of 2017: Tier 1 = >USD 5 billion, Tier 2 = From $1.0B to $5.0B, and Tier 3 =

Note: Others includes sales managers, marketing managers, product managers, and engineers.

The key players in the lighting contactor market are ABB, Siemens, Schneider Electric (SU), Eaton, and Rockwell Automation (NYSE:ROK).

Segment Research

The study offers a picture of the lighting contactor market across the distinct markets and territories.It aims at evaluating the market value and future increase potential of the market across various segments including type, end-user, application, and area.

Moreover, the analysis also comprises an detailed competitive review of top actors in the industry together with their company descriptions, latest developments, and key industries strategies.

For the purpose of this report, the market has been split on the basis of type, application, end-user and area with a focus on industry study, market ranking review of top actors, and company descriptions, which together comprise and evaluate the basic overviews on the competitive landscape, coming out and high-growth segments of the lighting contactor market market, high-growth areas, and sector drivers, industry restraints, and alternatives.

This study furnishes highlights on the following points:

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and launches of new product in the lighting contactor market

• Market Development: Highlighted information about profitable emerging sectors; the industry report examines the industries for lighting contactor market across localities

• industry diversification: Complete information about recent products, untapped industries, recent evolutions, and market investments in the overall lighting contactor market

Why acquire this industry report?

1. The study determines and addresses main markets in distinct sectors for the implementation of lighting contactor, which would help manufacturers review the rise in demand.

2. The analysis benefits solution providers distinguish the pulse of the sector and offers business insights into the drivers, market restraints, and challenges of the market.

3. The market research will facilitate top players comprehend the strategies of their competitors better and, therefore, will facilitate in the decision-making process.

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