Market Analysis Report Global Lighting Contactor Market Report 2019

Lighting Contactor Market Size will show
exponential growth in 2023
This report provides in depth study of “Lighting Contactor Market” using SWOT
analysis i.e. Strength, Weakness, Opportunities and Threat to the organization.
The Lighting Contactor Market report also provides an in-depth survey of key
players in the market organization.
Global Lighting Contactor Market Synopsis:
This report on global Lighting Contactor Market is a
comprehensive analysis of all the factors that are expected
to influence the growth rate in near future, presents a
figurative estimation of the opportunities available, and
profiles some of the key players currently active to give a
clear picture of the competitive landscape.
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This report studies the Global Lighting Contactor Market over the forecast period of 2019 to 2023. The
Global Lighting Contactor Market is expected to grow at an impressive Compound Annual Growth Rate
(CAGR) from 2019 to 2023.
As government authorities of different countries are promoting smart lighting projects that in turn is
fueling the market growth of lightning contactors. For instance, in 2017, the Chicago department of
transport announced about $160 million smart street lighting projects with the utilization of LED bulbs,
IoT connected devices. Moreover, Los Angles is also one of the early adopters of smart lighting
technologies having currently about 80% of street lights with the use of LED along with 4G LTE wireless
technology and also reported saving of 63 % on energy cost. Growing awareness about the energy
conservation and energy efficiency government of different nations are introducing programs and
incentives towards adoption of smart street and lightning systems. More than 1.5 million LED street
lights were deployed in the United States under the U.S. Department of Energy (DOE) under better
building programs in year 2016.
Similarly, in March 2018, the Lagos state government has announced its initiative towards installation of
10,000 street lights in Eke, in partnership with Low energy designs limited based in UK to construct $7
million LED lighting and hybrid energy plant. Similarly, Tata communication partners with MOTWANE
(India) in March 2018 to deploy more than 300 smart streetlights based on LoRaWAN technology for