Lighting Contactor Market to rise at highest CAGR and reach remarkable market value during 2019 and 2023 due to the Energy-efficiency requirements and governments developing policies to encourage the use of energy-efficient devices raising the demand for Lighting Contactor simultaneously, according to Global Lighting Contactor Market 2019 Industry Report published by “Market Research Future”.
Major Lighting Contactor Market Companies covered in the market report include Rockwell Automation (US), Siemens AG (Germany), Schneider Electric SE (France), ABB Ltd (Switzerland), Eaton (Ireland), Legrand (France), Sprecher Schuh (US), Acuity (US), Federal Electric (US), and Hager (Germany).
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Global Market Highlights:
Lighting contactor is a mechanically as well as electrically operated equipment integrated for switching an electrical power circuit. Lighting contactors can be segregated in three broad groups which includes feeder disconnect type 2, type 3, and 4-pole lighting contactors valued up to 2,250 amperes. The contactors are integrated to regulate huge blocks of weight with low-voltage control for discrete lighting control or branch circuit. Additionally, it is expected that there will be a significant expansion of the global lighting contactor market primarily owing to the developed countries. Energy-efficiency has become the key force for driving the expansion of the global lighting contactor market.
Moreover, governments across the world are devising policies to propel the incorporation of energy-efficient systems owing to their advantages comprising cost saving and curbed energy consumption. International Energy Efficiency (IEA) states that the global energy demand was spurred by 1.9% in 2017 which was led by prominent economic growth, eventually driving energy efficacy. Indoor segment is gaining popularity with consumers as there is surging need for proper lighting control system in residential, industrial, and commercial applications. Outdoor installation is generally preferred in the open regions and are primarily available in developing economies. A major benefit of outdoor lighting contactor is its simple construction and design featuring a controller. The outdoor lighting contactor is a relatively low-cost solution for outdoor lighting. One of the key disadvantages of outdoor lighting contactor is the space restraint. In most of the emerged economies, space can be a major limitation forcing the consumers to opt for indoor lighting contactors.
The worldwide lighting contactor market is anticipated to develop at a high pace throughout the forecast period, significantly due to the developing demand for adoption of IoT and energy efficiency in lighting control structure. Governments throughout the world have developed lucrative incentives, rewarding the application of energy-efficient devices, which further propels the expansion of the worldwide lighting contactor market. The global lighting contactor market is likely to witness progressive development at 8.25% CAGR over the estimation period.
Lighting Contactor Market Segments Overview:
Worldwide lighting contactor market is segmented based on installation, type, region, and end- user. Based on installation, the market is categorized into outdoor and indoor market.
Indoor segment is dominating the market and has the leading market share, primarily owing to surging requirement for appropriate lighting control system in residential, industrial, and commercial applications. Based on type, the market is segmented into mechanically and electrically held types. Electrically held segment rules the market as these contactors function silently and consume less power. The worldwide lighting contactor market is segmented based on end-user. This segmentation includes commercial, industrial, residential, and other segments. Industrial and commercial segments of the global lighting contactor market are predicted to record the largest market share throughout the assessment period.
Regional Analysis:
Global lighting contactor market is likely to experience significant development over the assessment period, as the systems are primarily based on surging need for energy productivity. Europe represents the largest market share whereas APAC is the swiftest growing region.
Geographically, Europe held the largest share of lighting contactor market during 2017. It is expected that Europe lighting contactor market will continue to lead the industry throughout the estimation period, mainly owing to the accelerating demand for energy-efficient lighting systems in the market. The market aims at 20% energy savings by the conclusion of 2020. The Asia-Pacific market is estimated to develop at the highest pace over the review period.
TABLE OF CONTENTS:
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Propulsionology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitors
4.1.4 Threat Of New Entrants
Continued
LIST OF TABLES:
Table 1 Global Lighting Contactor: By Region, 2018-2023
Table 2 North America Lighting Contactor: By Country, 2018-2023
Table 3 Europe Lighting Contactor: By Country, 2018-2023
Table 4 Asia-Pacific Lighting Contactor: By Country, 2018-2023
Table 5 RoW Lighting Contactor: By Country, 2018-2023
Continued
LIST OF FIGURES:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porters Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued
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