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Lighting Contactor Market - Global Trends & Forecast to 2023

Lighting contactors are used widely in commercial setups such as corporate offices, healthcare and retail complexes, hotels, restaurants, and educational institutes. Increasing need for energy efficiency is the major objective for governments, organizations, building owners, and other stakeholders. The governments in different countries are adopting LEDs to increase energy efficiency as it can directly reduce the maintenance and utilization cost. Lighting control systems reduce the energy consumption by optimizing ambient light levels to suit the user’s needs, thereby reducing the overall demand for lighting energy. Lighting control systems require lighting contactors for controlling lights, which require frequent on and off operation. Thus, the increase in the adoption of energy-efficient lighting is likely to boost the lighting contactor market.

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Lighting Contactor Market - Global Trends & Forecast to 2023

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  1. Lighting Contactor Market by End-User,Type, Application and Region - Global Forecast to 2023 www.MarketsandMarkets.com

  2. The lighting contactor market is expected to grow from an estimated USD 737.8 million in 2018 to USD 1,111.0 million by 2023, at a CAGR of 8.53% from 2018 to 2023. This growth can be attributed to the increasing adoption of energy-efficient lighting, growing demand for smart controls in lighting systems, and increasing adoption of IoT in the lighting industry. Browse and in-depth TOC on "Lighting Contactor Market" 63 - Tables 32 - Figures 113 - Pages View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/lighting-contactor-market-24570823.html

  3. Electrically held segment is expected to grow at the fastest rate in the lighting contactor market, by type, during the forecast period. The electrically held segment is expected to grow at the fastest rate in the lighting contactor market during the forecast period. These contactors require an uninterrupted flow of power for continuous operation. If the power is lost, the contactors isolate the light from the circuit. A constant current flow is required to keep the contactor energized. These contactors are noiseless and consume less amount of control power than other contactors. They are mainly used in smart residential complexes and commercial and industrial segments. Thus, the adoption of electrically held contactors is more than mechanically held contactors. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=24570823

  4. Commercial segment is expected to hold the largest share of the lighting contactor market, by end-user, during the forecast period. Lighting contactors are used widely in commercial setups such as corporate offices, healthcare and retail complexes, hotels, restaurants, and educational institutes. Increasing need for energy efficiency is the major objective for governments, organizations, building owners, and other stakeholders. The governments in different countries are adopting LEDs to increase energy efficiency as it can directly reduce the maintenance and utilization cost. Lighting control systems reduce the energy consumption by optimizing ambient light levels to suit the user’s needs, thereby reducing the overall demand for lighting energy. Lighting control systems require lighting contactors for controlling lights, which require frequent on and off operation. Thus, the increase in the adoption of energy-efficient lighting is likely to boost the lighting contactor market. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=24570823

  5. Europe: the leading market for lighting contactors In this report the lighting contactor market has been analyzed on the basis of 5 regions, namely, Asia Pacific, Europe, North America, South America, and Middle East & Africa. The market in Europe is expected to lead the global lighting contactor market in 2018 and is projected to have the largest market share by 2023. The growing demand for lighting control systems in Europe makes it a potentially growing market for lighting contactor providers. The drive for green city projects has brought into the focus on energy efficiency in most of the EU countries. This has created a market opportunity for the manufacturers of LED and energy-efficient lighting control systems and solutions. Moreover, historical buildings, architectural sites, and hospitality businesses contribute to the increased demand for innovative lighting solutions. Thus, the demand for lighting control systems in commercial, residential, and industrial sectors is increasing which is likely to drive the lighting contactor market. Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=24570823

  6. Target Audience: • Government Agencies • Investment Banks • Lighting Contactor OEM • Lighting Control Association • Lighting Management Association • Lighting Control System OEM • Regulatory Authorities • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=24570823

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the market. The key players in the lighting contactor market include • ABB (Switzerland), • Siemens(Germany), • Schneider Electric (France), • Rockwell Automation (US), • Eaton(Republic of Ireland), etc. • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=24570823

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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