Market Research Reports Global Lighting Contactor Market 2019 | Page 2

contributing towards global lighting contactors market growth opportunity over the forecast period
(2019 - 2025).
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As government experts of various nations are advancing a smart lighting project that thus is
powering the market development 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 Jamshedpur (India) Utilities and Services Co. Ltd (JUSCO). Additionally, as
per the Energy efficiency services limited organization of India, Indian government announced the
Street Lighting National Program (SLNP) in 2015 to replace 14 million conventional Street lights by
smart LED variants by end of 2019. Hence, favorable government policies and initiatives for lighting
contactors is expected to positively influence the market growth.
The Global Lighting Contactor Market is segmented on the basis of Type, Application, End-User and
Region. Based on the Type, the Global Lighting Contactor Market is sub-segmented into Electrically
Held, Mechanically Held and others. On the basis of Application, the Global Lighting Contactor
Market is classified into Residential, Commercial, Industrial, Highways & Roadways Lighting, Lighting
for Public Places and others. Based on the End-User, the Global Lighting Contactor Market is sub-
segmented into Commercial, Municipal (Public), Industrial, Smart Residential Complexes and others.
In terms of the regional analysis, Europe is the leading market region for global lighting contactors
market in terms of market revenue share. This is due to the significant presence of leading lighting
contactors manufacturers in Europe region such as ABB (Switzerland), Siemens (Germany),
Schneider Electric (France) etc. Europe is expected to dominate the global lighting contactor market
and projected to take the largest market share over the forecast period. In addition, Asia Pacific is
expected to be the fastest growing market for lighting contactors over the forecast period owing to
the growing adoption of efficient lighting systems by industrial, commercial, and municipal end-user
segments of the market.
Top Leading Key in Players Global Lighting Contactor Market: ABB (Switzerland), Siemens
(Germany), Eaton (Republic of Ireland), Rockwell Automation (Us), Schneider Electric (France) and
others. New product launches and continuous technological innovations are the key strategies
adopted by the major players.