This report provides exclusive insights into the COVID-19 impact on the Lighting Contactor Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Lighting Contactor Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Lighting Contactor Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on lighting
contactor market provides an in-depth analysis of segments and sub-segments in the
global as well as regional lighting contactor market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional lighting contactor market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of global lighting contactor market. According to the report, the global
lighting contactor market is projected to grow at a CAGR of 8.1% over the
forecast period of 2019-2025.
Lighting contactors are used in commercial and industrial
applications for controlling large lighting loads and motors. It is reliable as
well as not infallible like any devices. Lighting contactors exist remotely and
control circuits with higher voltages that can be dangerous to the operator are
controlled directly. It operates at a lower but safer load and controls the
high voltage/current circuit using an electromagnet.
The rise in the use of lighting contactors from commercial,
municipal, industrial, smart residential complex and electronics sector is the
major growth factor of the lighting contactor market. Furthermore, factors such
as increasing adoption of energy-efficient lighting, low manufacturing cost,
and increasing demand for lightweight products are also driving the growth of
the market. Lighting contactors are used to control the flow of electricity in
the circuit that is used to power the lighting in the given area. Increasing
adoption of the internet of thing (IoT) in the lighting industry is fueling the
growth of the market. The government bodies across the globe are aggressively
developing policies to encourage the use of energy-efficient devices, due to
their benefits such as reduced energy consumption and savings in cost. However,
high installation cost and lack of standard regulatory framework are hindering
the growth of the market. Moreover, the development of smart cities is expected
to provide wide opportunities for market players.
Geographically, Europe dominates the large market share of the
lighting contactor market due to green city projects that are being brought
into the attentiveness over energy efficiency in most of the EU countries. The
demand for lighting contactor is increasing in this region owing to the
presence of historical buildings, architectural sites, and hospitality
businesses in this region. North America is the second largest market for
lighting contactor, with lighting contactor system accounting for a significant
share in the entire lighting control system, especially in the US.
The report on global lighting contactor market covers segments
such as type, applications, and end-user. On the basis of type, the sub-markets
include electrically held, and mechanically held. On the basis of applications,
the sub-markets include indoor, and outdoor. On the basis of end-user, the
sub-markets include commercial, municipal (public), industrial, and smart
The report provides profiles of the companies in the market such
as ABB, Rockwell Automation, General Electric, Schneider Electric, Danfoss,
Siemens AG, Hager Group, Eaton Corporation Inc., NSI Industries, Legrand, and
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of lighting
contactor market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.