Global lighting contractor Industry is valued at approximately USD 690 million in 2017 is anticipated to grow with a growth rate of more than 9 % over the forecast period 2019-2025.
Rising demand for smart control system in lighting, increasing implementation of energy-efficient light and growing adoption of IoT in the light industry are key factor driving the Industry growth. Additionally, development of smart city along with government initiative and incentives towards energy saving schemes is also contributing towards global lighting contactors Industry growth opportunity over the forecast period.
As government authorities of different countries are promoting smart lighting projects that in turn is fueling the Industry growth of lightning contactors. For instance, in 2017, the Chicago department of transport announced about $160 million smart street lighting projects with the utilization of LED bulbs, IoT connected devices. Moreover, Los Angles is also one of the early adopters of smart lighting technologies having currently about 80% of street lights with the use of LED along with 4G LTE wireless technology and also reported saving of 63 % on energy cost. Growing awareness about the energy conservation and energy efficiency government of different nations are introducing programs and incentives towards adoption of smart street and lightning systems. More than 1.5 million LED street lights were deployed in the United States under the U.S. Department of Energy (DOE) under better building programs in year 2016. Similarly, in March 2018, the Lagos state government has announced its initiative towards installation of 10,000 street lights in Eke, in partnership with Low energy designs limited based in UK to construct $7 million LED lighting and hybrid energy plant. Similarly, Tata communication partners with MOTWANE (India) in March 2018 to deploy more than 300 smart streetlights based on LoRaWAN technology for Jamshedpur (India) Utilities and Services Co. Ltd (JUSCO). Additionally, as per the Energy efficiency services limited organization of India, Indian government announced the Street Lighting National Program (SLNP) in 2015 to replace 14 million conventional Street lights by smart LED variants by end of 2019. Hence, favorable government policies and initiatives for lighting contactors is expected to positively influence the Industry growth.
Global lighting contactors Industry report covers segmentation analysis of type, end user and applications. Type segment of lighting contactors further classifies into electrically and mechanically held. Electrically held is the leading type segment owing toits associated benefits such as these contactors operate quietly and also require a lesser amount of amount of controller power etc. These electrically held contactors need a continuous flow of power for constant operation. Thus, in case of power loss, these contactors insulate the light from the circuit. Report further covers segments of end users of lighting contactors which includes commercial, industrial, smart residential complexes and municipal. commercial is the dominating end user segment due to the increased adoption of lighting contactors. Report further covers segments of applications of lighting contactors which includes indoor and outdoor. Indoor segment is the leading and fastest growing application segment due to increased awareness towards reduction in energy consumption along with need to comply with the environmental regulation in the industrial, smart residential and commercial offices.
The regional analysis of Lighting Contractor Industry is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. Geographically, Europe is the leading Industry region for global lighting contactors Industry in terms of Industry revenue share. This is due to the significant presence of leading lighting contactors manufacturers in Europe region such as ABB (Switzerland), Siemens (Germany), Schneider Electric (France) etc. Europe is expected to dominate the global lighting contactor Industry and projected to take the largest Industry share over the forecast period. In addition, Asia Pacific is expected to be the fastest growing Industry for lighting contactors over the forecast period owing to the growing adoption of efficient lighting systems by industrial, commercial, and municipal end-user segments of the Industry. Further, key economies in the Asia Pacific region such as India, China, and Japan are the viable hubs for manufacturing and service engineering. These emerging regions are widely adopting lighting control systems in order to lower the energy cost. Additionally, in this emerging region, municipal and government authorities are widely adopting smart lighting management systems in street lights to lessen the consumption of energy, thereby expected to drive the Industry growth of lighting contactor in the Asia Pacific region.
Active Industry players include-
EATON (REPUBLIC OF IRELAND)
ROCKWELL AUTOMATION (US),
SCHNEIDER ELECTRIC (FRANCE),
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Lighting Contactor Industry Share and Size by 2019-2025
Lighting Contactor Market Segmentation:
Highways & Roadways Lighting
Lighting for Public Places
By End user:
Smart Residential Complexes
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Lighting Contactor Market are as follows:
Andeli Group C -
Ripley Lighting Controls
Yueqing Shantou Electrical C - Ltd