Lighting Contactor Market Highlights:
The key players of global turboexpanders market are Siemens AG (Germany), Rockwell Automation (US), ABB Ltd (Switzerland), Schneider Electric SE (France), Legrand (France), Eaton (Ireland), Acuity (US), Sprecher Schuh (US), Hager (Germany), and Federal Electric (US).
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Lighting Contactor Market Drivers and Restraints:
The global lighting contactor market is projected to grow at a high rate during the forecast period, mainly due to the growing demand for energy efficiency and adoption of IoT in lighting control system. Governments around the world have developed attractive incentives, rewarding the use of energy-efficient equipment, which further drives the growth of the global lighting contactor market, globally.
Lighting contactor is mostly used in the equipment which is frequently turned off and on with the opening and closing of a circuit. These contactors generally exist remotely and control circuits with higher voltages. Lighting contactors as a part of the entire lighting control system increases the efficiency by reducing the energy consumption by optimizing the light levels to suit the need of end-user. Electrically held lighting contactor is a major segment in this market and is estimated to grow at a significant rate during the forecast period.
Energy-efficiency has become the major driver for the growth of the global lighting contactor market. Additionally, governments around the globe are developing policies to encourage the use of energy-efficient devices, due to their benefits including reduced energy consumption and savings in cost. According to International Energy Efficiency (IEA), global energy demand rose by 1.9% in 2017 led by strong economic growth, ultimately driving energy efficiency.
Global Lighting Contactor Market Segments Analysis:
The scope of the study segments the lighting contactor market by its type, installation, end-user, and by region.
Global Lighting Contactor Market Regional Analysis:
Global Lighting Contactor market is expected to witness substantial growth during the forecast period, as the systems are mainly based on increasing need for energy efficiency.
European region targets 20% energy savings target by 2020. North America is the second largest market, with lighting contactor system accounting for a significant share in the entire lighting control system, especially in the US. It has been estimated that Asia-Pacific region will grow at the highest rate during the forecast period.
North America is the second largest market, with lighting contactor system accounting for a significant share in the entire lighitng control system, especially in the US. It has been estimated that Asia-Pacific region will grow at the highest rate during the forecast period.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
LIST OF TABLES:
Table 1 Global Lighting Contactor Market: By Region, 2018-2023
Table 2 North America Lighting Contactor Market: By Country, 2018-2023
Table 3 Europe Lighting Contactor Market: By Country, 2018-2023
Table 4 Asia-Pacific Lighting Contactor Market: By Country, 2018-2023
Table 5 Middle East & Africa Lighting Contactor Market: By Country, 2018-2023
Table 6 Middle East & Africa Lighting Contactor Market: By Country, 2018-2023
Table 7 South America Lighting Contactor Market: By Country, 2018-2023
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL LIGHTING CONTACTOR MARKET SHARE, BY TYPE, 2016 (%)
FIGURE 9 GLOBAL LIGHTING CONTACTOR MARKET, TYPE, 2018-2023 (USD MILLION)
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