Worldwide Lighting Contactor Markets to 2026 - A $1.5+ Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 18, 2019--The “Lighting Contactor - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Lighting Contactor market accounted for $650.7 million in 2017 and is expected to reach $1,592.2 million by 2026 growing at a CAGR of 10.5% during the forecast period.
Some of the factors such as rising adoption of Internet of Thing (IoT) in the lighting industry, increasing demand for smart control and growing need of energy-efficient lighting are propelling the market growth. However, high installation cost and lack of standard regulatory framework are hampering the market growth.
By End-user, Commercial segment holds the significant growth during the forecast period. Owing to the rising need for energy efficiency for governments, organizations. The governments in various countries are implementing LEDs to raise energy efficiency as it can directly reduce the maintenance and utilization cost.
Based on Geography, Europe holds the largest market share during the forecast period. Due to green city projects has brought into the concentration on energy efficiency in most of the EU countries. Moreover, historical buildings, architectural sites, and hospitality businesses contribute to the increased demand for innovative lighting solutions are some of the factors driving the market in this region.
Types Covered:Mechanically Held Electrically Held
Applications Covered:Outdoor Indoor
Lighting Loads Covered:Electric discharge lighting loads (ballast) Tungsten Filament Lighting Loads
End-users Covered:Municipal (Public) Smart Residential Complexes Commercial Industrial
Companies Profiled:General Electric Rockwell Automation Schneider Electric ABB Danfoss Siemens Hager NSI Industries Acuity Legrand Eaton Schlumberger
For more information about this report visit https://www.researchandmarkets.com/research/fv93cc/worldwide?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190118005478/en/
Laura Wood, Senior Press Manager
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Electrical Switches
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/18/2019 01:38 PM/DISC: 01/18/2019 01:38 PM