Lighting Contactor Market – Introduction
A contactor is an electrically controlled switch used for switching an electrical power circuit. A contactor can be controlled by a circuit which has a lower power level as compared to switched circuit. Lighting contactors are designed for to provide safe and convenient system for local or remote switching lamp loads. Lighting contactors are suitable for various types of lamp loads which includes tungsten or ballast lamp load, high pressure and low pressure sodium lamp loads, and other non-motor lamp loads. Moreover, the use of lighting contactors offer multiple benefits such as, three-point mounting for fast, sure, and easy installation, convenient side access for field power wiring, and enclosed contacts to resist contaminants and provide greater reliability. Lighting contactors have rugged construction, heavy duty ratings and have wide selection of control options and accessories, owing to these qualities lighting contactors are used in various indoor and outdoor applications.
Want to know the obstructions to your company’s growth in future? Request a brochure
Lighting Contactor Market – Competitive Landscape
Founded in 1988, ABB is headquartered in Zurich, Switzerland. The company is a global player in manufacturing of electrification, industrial automation, motion, and robotics & discrete automation products. The company’s electrification business offers a wide range of products that includes wiring accessories, switchgear, cabling, enclosures, sensing, and control. The ABB Group of companies operates in roughly 100 countries with about 147,000 employees.
Founded in 1911, Eaton is headquartered in Dublin, Ireland. The company manufacture energy efficient products and services for its customers to manage electrical, mechanical, and hydraulic power more reliably, efficiently, safely and sustainably. The company provide high quality and reliable products to improve the quality life of its customers. The company operate its business in more than 175 countries with help of over 99,000 employees.
Founded in 1847, Siemens is headquartered in Munich, Germany. The company is a pioneer in infrastructure and energy solutions, automation and software for industry. The company manufactures high voltage switchgear, turbo compressor, steam turbines, relays and smart grid systems, and transformers among others. Siemens is a global supplier of systems for medical diagnosis, power generation and transmission. The company has around 379,000 employees.
Founded in 1903, Rockwell Automation is headquartered in Milwaukee, Wisconsin, United States. The company manufactures and provide solutions for wide range of products used in industrial automation. The company has strong brand name under flagship of Allen-Bradley and Rockwell Software products across the globe. The company has around 22,000 employees.
Founded in 1836, Schneider Electric is headquartered in Rueil-Malmaison, France. The company engaged in digital transformation of energy management and automation in data centers, infrastructure, buildings, homes, and industries. The company manufactures medium voltage, low voltage, and automation system products and provide solutions to it. The company has global presence over 100 countries with about 155,286 employees.
Some of the key players operating in the global lighting contactor market with significant developments include ABB, Eaton, Siemens, Rockwell Automation, Inc., Schneider Electric, FEDERAL, Legrand, Ripley Lighting Controls, NSi Industries, LLC, Sprecher Schuh, and GENTEC-EO among others.
Looking for exclusive market insights from business experts? Request a Custom Report
Lighting Contactor Market – Dynamics
Rising Adoption of Lighting Contactor in Indoor Applications is driving the Market
In modern day era people are informative and aware about energy saving by using smart lighting systems. The lighting contactor is useful as it consumes very less amount of control power. They are cost effective than mechanically held contactors. Owing to this in majority of smart residential buildings, commercial buildings, and industrial plants electrically held contactors are increasingly adopted. Moreover, dimmer and relays are integrated with lighting control systems due to which lighting contactor can control flow of electricity in the circuit and plays an important role in reducing energy consumption. As a result of this, the adoption of lighting control system is rising in indoor applications, which in turn, will drive the lighting contactor market.
Introducing an Energy Efficient Lighting System Regulation by Various Governments across the Globe
Governments of various countries across the globe are engaged in introducing regulations that encourage the adoption of energy efficient lighting systems. In order to fulfill the requirement of energy efficient lighting, the use of lighting contactor system is phasing out old lighting systems. Moreover, governments are taking various initiatives for development of smart cities and conservation of energy which are expected to offer opportunities in the lighting contactor market. However, the cost of installation of lighting contactor is high which could be a restraining factor to the growth of the market.
Lighting Contactor Market – Segmentation
The lighting contractor market can be bifurcated on the basis of:
Lighting Contactor Market Segmentation – By Type
Depending on the product type, the lighting contactor market can be divided into:
- Combination Lighting Contactor
- Feeder Disconnect Lighting Contactor
- Multi-pole Lighting Contactor
- Electrically Held
- Mechanically Held
Lighting Contactor Market Segmentation – By Application
On the basis of the application, the lighting contractor market can be fragmented into:
- Highways & Roadways Lighting
- Lighting for Public Places
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.