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South America Lighting Contactor Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type, End-User, and Application

South America Lighting Contactor Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type, End-User, and Application

  • November 2022
  • 107 pages
  • ID: 6369046
  • Format: PDF
  • The Insight Partners

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The lighting contactor market in SAM is expected to grow from US$ 41.13 million in 2022 to US$ 55.91 million by 2028. It is estimated to grow at a CAGR of 5.2% from 2022 to 2028.

Government Initiatives to Fuel Lighting Contactor Uptake

The governments of countries all over the region are introducing various initiatives.

In March 2022, the Global Infrastructure Facility (GIF) collaborated with the Federal Government of Brazil and World Bank Group to launch a ‘Street Lighting Structuring Guide.’ Under this program, the GIF will assist public administrators in structuring street lighting projects for 10 Brazilian municipalities. Such government initiatives will increase the installation of lights and, consequently, the demand for lighting contactors over the forecast period.

Market Overview

SAM lighting contactor market comprises Brazil, Argentina, and the Rest of SAM.Brazil is the region’s fastest-growing country.

The country has over 18 million light points and service penetration of around 95% of the residential sector.Under the “Smart Rio Project,” approximately 4, 50,000 street lights will be replaced by LED bulbs in Rio de Janeiro.

According to the United Nations Framework Convention on Climate Change (UNFCCC), the City of Buenos Aires, Argentina, ties up with Philips.This deal enables the company to provide its ICT solution, which will help the city remotely monitor and control 72% of the network of streetlights.

With this deal, 91,000 streetlights will be replaced by LED lights. In May 2021, Anern, a solar lights producer, provided its all-in-one solar streetlights for South America’s Porsche center parking lot under the “120W all in one Solar Panel Parking Lot Light Project”. Such initiatives and projects increase the installation of lights which will subsequently increase the demand for lighting contactors and drive the lighting contactors market in the region during the forecast period.

AM Lighting Contactor Market Revenue and Forecast to 2028 (US$ Million)

SAM Lighting Contactor Market Segmentation

The SAM lighting contactor market is segmented into type, end user, application, and country.Based on type, the market is segmented into electrically held and mechanically held.

The electrically held segment registered a larger market share in 2022.

Based on end-user, the SAM lighting contactor market is segmented into commercial, residential, and industrial.The commercial segment registered the largest market share in 2022.

Based on application, the SAM lighting contactor market is segmented into indoor and outdoor.The indoor segment registered a larger market share in 2022.

Based on country, the market is segmented into Brazil, Argentina, and Rest of SAM.Brazil dominated the market share in 2022.

ABB Ltd.; Eaton; Hager Group; Hitachi Industrial Equipment Systems Co., Ltd; Ripley Lighting Controls; Rockwell Automation, Inc.; Schneider Electric SE; and Siemens AG are the leading companies operating in the lighting contactor market in the region.

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