Energy Industry News
Home | Energy News | Submit Press Release | About Us


Free Utility & Energy Magazines
Press release distribution service

Energy Media
AltEnergyMag
Clean Energy Report
Colorado Energy News
Energy: MIT Tecnology Review
Energy Business Review
Energy Cities
EUROPA
Fuel Fix
Financial Times
Interfax Energy
Green Energy Times
News York Times
NBC News
NPR
Oil & Gas Investor
Oil Price
Platt
PennEnergy
Reuters
RechargeNews
Resilience
Science Daily
Renewable Energy World
Renewable Energy Transportation
The Daily Energy Report
The Energy Daily

Energy Industry News Releases

Lighting Contactor Market to Exceed $1,111.0 million by 2023 at a CAGR of 8.53% from 2018 to 2023

 



(EnergyIndustry.Net, January 15, 2020 ) The report "Lighting Contactor Market by End-User (Smart Residential Complexes, Commercial, Industrial, and Municipal), Type (Electrically Held and Mechanically Held), Application (Indoor and Outdoor), and Region - Global Forecast to 2023", 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 63 market data Tables and 32 Figures spread through 113 Pages and in-depth TOC on "Lighting Contactor Market - Global Forecast to 2023"

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.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=24570823

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.

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 sample pages of the report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=24570823

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the lighting contactor market. The key players in the market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), and Eaton (Republic of Ireland). The leading players are trying to expand in developing economies and are adopting various strategies to increase their market shares.

MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Renewable Energy News




Press release service Free Utility & Energy Magazines
Press release distribution service
:: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

Copyright 2008 GroupWeb Media LLC
GroupWeb Media Network

Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
| i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
EnergyIndustry.Net is a Energy news service of GroupWeb Media LLC