The latest report on Lighting Contactor Market by Infinium Global Research gives complete coverage of the Lighting Contactor Market by in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Lighting Contactor such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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The Rise in the Use of Lighting Contactors from Commercial, Municipal, Industrial, Smart Residential Complex and Electronics Sector
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.
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Increasing Adoption of the Internet of Thing (Iot) in the Lighting Industry is Fueling the Growth of the Industry
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.
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- Comprehensive analysis of global as well as regional markets of the Lighting Contactor.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.