Lighting Contactor Market Size, and Industry Analysis by 2028

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Lighting Contactor Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Electrically Held and Mechanically Held), End-User (Commercial, Residential, and Industrial), and Application (Indoors and Outdoors)

Publication Month: Aug 2022 | Report Code: TIPRE00009140 | No. of Pages: 169 | Category: Electronics and Semiconductor | Status: Published

The lighting contactor 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. Two standards offer lighting contactors: International Electrotechnical Commission (IEC) Contactors, and National Electrical Manufacturers Association (NEMA) contactors. IEC Contactors are relatively smaller and are offered in a variety of sizes. On the other hand, NEMA contactors are larger in size with safety features.

Smart lightings can be fixed into the existing sockets and controlled with the help of a mobile phone. These lights respond to motion, voice commands, or location. Smart switches can turn lights on and off, whereas smart dimmers can adjust light brightness levels. With the increasing disposable incomes, people are shifting toward smart homes. More than 35% of households in the US have smart homes. A smart home includes all the electronic appliances, such as lights, that runs on either internet, sensor, hand gestures, or voice command. Schréder; General Electric Company; and Cree, Inc. are among the providers of smart lighting solutions. Strategic developments, such as product launches and regional expansions, implemented by these companies are contributing towards the lighting contactor market growth. In July 2021, SmartLabs, a smart lighting and electric control provider, announced the launch of its Nokia Smart Lighting.

Strategic Insights

Report Coverage - Lighting Contactor Market
Report CoverageDetails
Market Size Value inUS$ 895.62 Million in 2022
Market Size Value byUS$ 1,479.39 million by 2028
Growth rateCAGR of 8.7% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages169
No. of Tables86
No. of Charts & Figures81
Historical data availableYes
Segments coveredType, End-User, and Application
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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– Lighting Contactor Market

Impact of COVID-19 Pandemic on Lighting Contactor Market

Due to rapid urbanization and rising population, especially in China, India, and Southeast Asian countries, and the increasing government initiatives toward clean energy, the lighting contactor market witnessed an uprising in 2021, compared to 2020. In October 2021, the US Agency for International Development (USAID) announced a five-year and US$ 49 million worth initiative—the South Asia Regional Energy Partnership (SAREP)—in collaboration with Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka for affordable and sustainable energy. This development directly impacts the increase in smart lighting solutions for energy efficiency and reducing carbon emissions. Advancements in smart lighting solutions are expected to fuel the lighting contactor market growth in the APAC region during the forecast period.  

Lucrative Regions for Lighting Contactor Market

Lucrative Regions for Lighting Contactor Market

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Market Insights – Lighting Contactor Market

North America led the global lighting contactor market share in 2021. The huge presence of lighting contactor manufacturers, such as Acuity, Rockwell Automation, and Automation Direct, across the region is one of the factors contributing to the lighting contactor market growth in North America. Moreover, the adoption of streetlight monitoring and controlling with IoT are increasing. Many cities are already working to install smart streetlights; some have already begun the installation of smart lighting systems in North America. For the upgradation of the existing lighting system with a new smart lighting system, governments can opt for diverse smart street lighting control systems and streetlight remote control software solutions to establish connected street lighting infrastructures. Contactors are incorporated with the lamp driver and power cabinets in such lighting systems.

Technological advancements from major players in the lighting industry is expected to increase the demand for lighting contactors in the US. In July 2021, American Lighting introduced its new product type in whole home smart lighting for residential indoor applications. Moreover, in October 2021, Nokia announced the launch of its first smart lighting in the US. The lineup consists of IoT-powered lighting and electrical control types with high-end design, advanced technology, and wide-ranging capabilities at a reasonable price. The types of smart lighting are offered for residential and commercial applications. With prospects in the residential, commercial, and industrial sectors, the lighting contactors would have great opportunities for their utilization in the lighting control segment during the forecast period.

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.

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 among the companies profiled in the lighting contactor market study. In addition, multiple prominent global and regional companies, emerging players, market disruptors, and niche market players were analyzed during the lighting contactor market study.

The lighting contactor market players are majorly adopting the strategy of market initiatives, which involves the expansion of footprint across the world and meeting the surge in customer demand. The market players are mainly focusing on product and service enhancements by integrating advanced features and technologies into their offerings.

  • In 2022, Iskra,d.o.o. announced that it is participating in an exhibition organized by Light+Building to showcase its contactor.
  • In 2020, NOARK Electric launched NOARK Ex9CA Safety Contactor. The contactor is designed for the use in safety function applications, including E-stops, light curtains, safety gates, and safety interlocks.

Frequently Asked Questions

The global lighting contactor market was valued USD 895.62 million in 2022
Penetration of IoT in lighting control systems and smart lighting solutions are major driving factors contributing towards the growth of lighting contactor market.
The increasing trend of horticulture lights is one of the major trends anticipated to propel the market growth during the forecast period.
ABB Limited; Eaton Corporation; Rockwell Automation, Inc; Schneider Electric SE; and Siemens AG are the five key market players operating in the global lighting contactor market.
China holds the major market share of lighting contactor market in 2022.
Commercial segment held the largest share in lighting contactor market. The constantly rising investment in commercial infrastructures such as shopping malls, healthcare centers, and office premises are increasing the demand for lighting solutions and switches over the years.
US, Germany, China, India, UAE, and Brazil are registering a high growth rate during the forecast period.
By 2028, the global market size of electric control panel market will be USD 1,479.39 Million.

The List of Companies - Lighting Contactor Market

  1. ABB Limited
  2. Eaton Corporation
  3. Hager Group
  4. Hitachi Industrial equipment systems Co., ltd
  5. Larsen and Toubro Ltd
  6. NSI Industries, LLC
  7. Ripley Lighting Controls
  8. Rockwell Automation, Inc
  9. Schneider Electric SE
  10. Siemens AG  
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global lighting contactor market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global lighting contactor market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
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