openPR Logo
Press release

Lighting Contactor Market is Estimated to Grow at a CAGR of 8.7% from 2022 to 2028

08-24-2022 11:03 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: The Insight Partners

According to our latest market study on "Lighting Contactor Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, End-User, and Application," the market is expected to grow from US$ 895.62 million in 2022 to US$ 1,479.39 million by 2028; it is estimated to grow at a CAGR of 8.7% from 2022 to 2028.

Lighting contactor is developed as a safe, convenient means of switching tungsten filament or ballast lamp loads. Lighting contactors are also developed for other loads, such as low-pressure and high-pressure sodium lamp loads. The contactor is provided for simple control schemes or as an integral component in smart lighting control systems. Lighting contactors are used when there is a need for remote, reliable, and convenient control of indoor and outdoor lighting.

The adoption of smart lighting systems is growing rapidly, and it is successfully transforming the definition and the scope of lighting technology. The energy-efficient lightings provide high-quality with a longer lifespan. Usage of contactors offers isolation from high electric currents, acting as a protection for workers and equipment.

Get Exclusive Sample Pages of Contactless Smart Card Market - COVID-19 Impact and Global Analysis with Strategic Insights at - Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://bit.ly/3dTOBSb

ABB Limited; Eaton Corporation; Hager Group; Hitachi Industrial equipment systems Co., ltd; Larsen and Toubro Ltd; NSI Industries, LLC; Ripley Lighting Controls; Rockwell Automation, Inc; Schneider Electric SE; and Siemens AG are a few companies profiled in the lighting contactor market report. Organic and inorganic growth strategies adopted by these companies to expand their product portfolio and global presence are expected to contribute to the lighting contactor market growth in the coming years.

Impact of COVID-19 Pandemic on Lighting Contactor Market
Owing to the shutdown of businesses, Europe witnessed an economic slowdown in 2020 and most likely recovered in 2021-the lockdown measures imposed due to the COVID-19 pandemic substantially affected the demand for lighting contactors. Different European countries had different COVID-19 protocols. Countries such as Italy, Germany, and France established rigorous containment measures, whereas other countries, such as Sweden and Switzerland, took a softer approach. The COVID-19 pandemic hindered the manufacturing & construction industries. The imposition of lockdowns closed various businesses and industrial operations. High spending on installing lighting contactors in residential and commercial buildings, and industries contributes to the lighting contactor market size. The awareness regarding the importance of smart lighting is increasing due to the COVID-19 pandemic.

Speak to Analyst - Have a 15-minute-long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well - https://bit.ly/3QQ5lbw

Type-Based Insights
Based on type, the lighting contactor market is bifurcated into electrically held and mechanically held. The electrically held segment held a larger lighting contactor market share in 2021 and is anticipated to register a higher CAGR during the forecast period. The need for energy efficiency across the globe increased the adoption of legislation to encourage the use of energy-efficient gadgets that provide lower energy usage and cost efficiency, which is expected to boost the market growth for the electrically held segment. In July 2021, TE Connectivity unveiled a small but powerful high-voltage contactor for fulfilling defense, marine, commercial, and military aerospace application requirements with latching coils and reduced power consumption.

Interested in purchasing this Report? Click here here - Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://bit.ly/3dXm6mg

https://www.marketwatch.com/press-release/tailgating-detection-system-market-to-hit-us-995-million-worldwide-by-2028-exclusive-study-by-the-insight-partners-2022-08-15

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lighting Contactor Market is Estimated to Grow at a CAGR of 8.7% from 2022 to 2028 here

News-ID: 2715509 • Views:

More Releases from The Insight Partners

Insect Pest Control - Obtain PDF Sample Copy
The Insect Pest Control Market size is projected to reach US$ 14.85 billion by 2031 from US$ 21.33 billion in 2024. The market is expected to register a CAGR of 5.4% during 2025-2031. The proactive health measures, combined with heightened consumer awareness about disease prevention, have boosted the demand for both professional pest control services and DIY products. The convergence of public health policies, regulatory vigilance, and increased risk perception
Denim Fabrics - Obtain PDF Sample Copy
The denim fabrics market size is projected to reach US$ 28.69 billion by 2031 from US$ 22.32 billion in 2024. The market is expected to register a CAGR of 3.8% during 2025-2031. The denim fabrics market is growing steadily owing to changing consumer preferences, fashion trends, and increasing accessibility. Denim has evolved from being a utilitarian fabric to a mainstream fashion item, appreciated for its flexibility, comfort, and ease. With
Photomedicine Devices and Technologies Market Global Rising Demand & Huge Scope Till 2028
Photomedicine Devices and Technologies Market Global Rising Demand & Huge Scope …
A new market study report by The Insight Partners on the Photomedicine Devices and Technologies Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period. Get PDF Sample
Genetic Testing Services Market Global Rising Demand & Huge Scope Till 2031
Genetic Testing Services Market Global Rising Demand & Huge Scope Till 2031
Genetic Testing Services Market business research report assesses the current as well as upcoming performance of the market, also brand-new trends in the market. It provides product overview and highlights of product and application segments of the market including price, revenue, sales, sales growth rate, and market share by product. The market statistics within the report is displayed in a statistical format to offer a better understanding upon the market

All 5 Releases


More Releases for Lighting

Track Lighting Market Analysis By Top Keyplayers - Philips Lighting, Acuity Bran …
The "Track Lighting Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031.  The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global Track Lighting Market, 2024-2031 Verified Market Research's most recent report, "Track Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination
Residential Lighting Market Top Players || EVERLIGHT; Hinkley Lighting; IKIO LED …
Residential Lighting Market research report comprises of several parameters which are thoroughly studied by the experts. To generate the best market analysis report, a range of objectives of the marketing research are required to be kept in mind. With this industry report it becomes simpler for customers to understand the various drivers and restraints impacting the market during the forecast period. Residential Lighting Market report helps to provide such market
Energy Efficient Lighting Market Explore Future Growth by 2022 | Philips Lightin …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;
Energy Efficient Lighting Market Forecast to 2023: Acuity Brands, Cooper Lightin …
A report added to the rich database of Qurate Business Intelligence, titled “World Energy Efficient Lighting Market Research Report 2023 (Covering USA, Europe, China, Japan, India and etc)”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the
Energy Efficient Lighting Market Development and Growth Analysis by Philips Ligh …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;
Track Lighting Market 2017-2022: Eaton, Juno, Lithonia Lighting, Satco, Hubbell …
The report on “Global Track Lighting Market” is a professional report which provides thorough knowledge along with complete information pertaining to the Track Lighting industry a propos classifications, definitions, applications, industry chain summary, industry policies in addition to plans, product specifications, manufacturing processes, cost structures, etc.This market research report on the Global Track Lighting market is a complete study of the markets current trends, industry growth drivers and restraints. It