According to Lighting Contactor Market 2019 Global Industry Analysis Report, the Global Lighting Contactor Market to expand at 8.25% CAGR by 2023. Report provides comprehensive market data on Lighting Contactor industry manufacturers, distributors, suppliers, consulting companies from Lighting Contactor market and mobility industry, investors, stakeholders, and research organization.
Market for Vehicle Cyber Security is segmented by Type (Electrically and Mechanically held), Installation (Indoor & Outdoor), End-User and Regions (North America, Europe, Asia-Pacific, Middle East & Africa, & South America).
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Some prominent players in the global Lighting Contactor market include: The key players dominating the worldwide lighting contactor market include Rockwell Automation (US), Siemens AG (Germany), Schneider Electric SE (France), ABB Ltd (Switzerland), Legrand (France), Acuity (US), Eaton (Ireland), Hager (Germany), Federal Electric (US), and Sprecher Schuh (US).
Report provides Lighting Contactor Market size of various segments and subsegments on regional and country level from 2019 to 2023. Latest emerging trends in Lighting Contactor industry and Global market growth rate in terms of CAGR is studied in this report. New market strategy adopted by key players are also explained in this report.
Global Lighting Contactor Market Overview:
Europe Holds the Largest Share of Lighting Contactor Market. Lighting contactor is mechanically as well as electrically operated equipment applied for switching an electrical power circuit. Lighting contactors can be divided into three broad segments, type 3, feeder disconnect type 2, and 4-pole lighting contactors rated up to 2,250 amperes. Such contactors are employed to supervise large blocks of load with low-voltage control for lighting control or individual branch circuit. Besides, it is argued that there will be a prominent development of the worldwide lighting contactor market mostly owing to the emerged economies.
Energy-efficiency has turned out to be the key driver for the expansion of the worldwide lighting contactor market. Furthermore, governments across the world are devising policies to increase the application of energy-efficient equipment, owing to their benefits comprising cost savings and decreased energy consumption. According to the International Energy Efficiency (IEA), the worldwide energy demand expanded by 1.9% during 2017 led by prominent economic growth, ultimately propelling energy efficiency.
The worldwide lighting contactor market is predicted to develop at 8.25% CAGR throughout the period of forecast. The indoor segment of the lighting contactor market is becoming widely accepted by users as there is surging requirement for proper lighting control systems in industrial, commercial, and residential applications.
Outdoor installation is mostly preferred in the open areas that are mostly available in emerging economies. A prominent advantage of outdoor lighting contactor is its construction and simple design featuring a controller. The outdoor lighting contactor indicates relatively low-cost options for outdoor lighting. A key disadvantage of outdoor lighting contactor is the constraint of space. In most of the emerged economies, space can be a big limitation forcing the users to opt for indoor lighting contactors. The market is anticipated to develop at a surging rate over the period of estimation, mainly owing to the expanding demand for adoption of IoT and energy efficiency in lighting control system. Administrative bodies throughout the globe have come up with lucrative incentives, rewarding the application of energy-efficient devices, which further encourages the expansion of the worldwide lighting contactor market.
Market Segmentation
Worldwide lighting contactor market has been bifurcated based on installation, type, region, and end- user.
Based on type, the market has been categorized into outdoor and indoor. Indoor segment is dominating the market and holds the largest market share, primarily on account of the expanding demand for proper lighting control system in residential, industrial, and commercial applications.
Based on type, the market is segmented into mechanically and electrically held. Electrically held segment dominates the market as these contactors function quietly and consume reduced energy.
The worldwide lighting contactor market is additionally segmented based on end-user, including industrial, residential, commercial, and other segments. Commercial and industrial segments of the global lighting contactor market are expected to record the largest market share over the period of estimation.
Regional Analysis
Worldwide lighting contactor market is anticipated to observe significant expansion over the forecast period, as the frameworks are primarily based on surging need for energy efficiency. Europe targets 20% energy savings by 2020. North America happens to be the second largest market, with lighting contactor system representing a substantial share in the worldwide lighting control system, specifically within the US. It has been likely that APAC region will expand at the most promising rate over the forecast period.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Sales Channel
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.1. Introduction
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
5. Global Lighting Contactor Market, By Finishing Type
5.1. Introduction
5.2. Polished Alloy Wheel
5.2.1. Market Estimates & Forecast, 2019–2023
5.2.2. Market Estimates & Forecast, By Region, 2019–2023
5.3. Two-Toned Alloy Wheel
5.3.1. Market Estimates & Forecast, 2019–2023
5.3.2. Market Estimates & Forecast, By Region, 2019–2023
5.4. Others
5.4.1. Market Estimates & Forecast, 2019–2023
5.4.2. Market Estimates & Forecast, By Region, 2019–2023
6. Global Lighting Contactor Market, By Wheel Type
6.1. Introduction
6.2. Compact-Size
6.2.1. Market Estimates & Forecast, 2019–2023
6.2.2. Market Estimates & Forecast, By Region, 2019–2023
6.3. Mid-Size
6.3.1. Market Estimates & Forecast, 2019–2023
6.3.2. Market Estimates & Forecast, By Region, 2019–2023
6.4. Full-Size
6.4.1. Market Estimates & Forecast, 2019–2023
6.4.2. Market Estimates & Forecast, By Region, 2019–2023
7. Global Lighting Contactor Market, By Vehicle Type
7.1. Introduction
7.2. Passenger Car
7.2.1. Market Estimates & Forecast, 2019–2023
7.2.2. Market Estimates & Forecast, By Region, 2019–2023
7.3. Commercial Vehicle
7.3.1. Market Estimates & Forecast, 2019–2023
7.3.2. Market Estimates & Forecast, By Region, 2019–2023
8. Global Lighting Contactor Market, By Sales Channel
8.1. Introduction
8.2. OEM
8.2.1. Market Estimates & Forecast, 2019–2023
8.2.2. Market Estimates & Forecast, By Region, 2019–2023
8.3. Aftermarket
8.3.1. Market Estimates & Forecast, 2019–2023
8.3.2. Market Estimates & Forecast, By Region, 2019–2023
9. Global Lighting Contactor Market, By Region
Continued…
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