Electrically Held Lighting Contactor Market Size, Share & Trends Analysis Report by Type (2 Pole Lighting Contactor, 4 Pole Lighting Contactor) by Application (Commercial, Industrial) and Segment Forecasts, 2023-2031

Market Dynamics

Market Drivers

• One of the primary factors that is driving growth in the global lighting contactor market is the increasing acceptance of lighting contactor as a lighting control solution that is based on intelligent based network. Additionally, an increasing preference for intelligent light control systems among end users, for the purpose of improving safety and security as well as enhancing the efficacy of interior design are some of the other factors that are helping the growth of the global market.
  
  
• Lighting contactors that are held by electricity are commonly employed to manage lighting circuits in large buildings for the sake of energy efficiency. Electrically controlled lighting contactors help building owners save money on monthly electricity costs by lowering lighting loads.
  
  
• Electrically held lighting contactors can be connected into building automation systems to allow for remote management and control of lighting circuits, as these systems are becoming increasingly widespread in commercial and industrial buildings.

Market Restraints

• Some potential purchasers may be put off by the higher purchase price of electrically held lighting contactors compared to mechanically held contactors. Manufacturers may find it harder to compete with lower-priced alternatives due to the higher initial cost.
  
  
• One aspect that might potentially impede the expansion of the worldwide lighting contactor market is a lack of understanding regarding the benefits of smart lighting systems, particularly in developing nations. Despite this, the creation of smart cities has the potential to generate significant income opportunities for major companies in the target market over the course of the projected period.
  
  
• Electrically held lighting contactors require routine maintenance to guarantee proper operation and provide a higher level of safety and dependability than their mechanically held counterparts. This may increase the long-term cost of ownership, decreasing their appeal to certain potential customers.

Market Opportunities

• Over the course of the forthcoming time frame, expansion of the target market is anticipated to be fuelled in part by an increase in the utilization of lighting contactors in smart lighting systems for the purpose of lowering the cost of energy and the emission of carbon. In addition, the expanding utilization of cutting-edge technologies in lighting contractors, such as the internet of things, is expected to be a driving force behind the expansion of the worldwide lighting contactor market in the not too distant future.
  
  
• New prospects for electrically held lighting contactors are opening up as smart building technologies continue to proliferate. Improve energy efficiency and save operational expenses by incorporating these contactors into construction automation systems for remote management and control of lighting circuits.

Segmental Analysis

Segment By Type

• 2 Pole Lighting Contactor

Lighting contactors with two poles are used to switch on and off two-circuit lighting systems. Small and medium-sized businesses, retailers, and storage facilities are typical users.

• 4 Pole Lighting Contactor

A 4 pole lighting contactor is used to switch on and off four separate circuits in a lighting system. Its primary use is in large-scale establishments like manufacturing plants, arenas, and gymnasiums.

• 6 Pole Lighting Contactor

Lighting contactors with six poles are used to switch on and off six-circuit lighting systems. It finds widespread application in large-scale industrial settings like power plants, manufacturing facilities, and factories.

• 8 Pole Lighting Contactor

Lighting contactors with eight poles are used to switch on and off eight-circuit lighting systems. Its most prevalent use is in massive public places like airports and stadiums.

Segment By Application

• Commercial
• Industrial
• Smart Residential Complexes
• Municipal

Regional Analysis

The Global Electrically Held Lighting Contactor Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

• The increasing need for efficient in terms of energy lighting systems and the rising adoption of smart building technologies are likely to propel the North American electrical held lighting contactor market.

• As a result of the European Union's stringent rules and measures to minimize carbon emissions, the market for electrically held lighting contactors is also predicted to increase significantly in Europe.

• Since nations like China, India, and Japan are rapidly industrializing and urbanizing, the market for electrically held lighting contactors is predicted to expand rapidly in the Asia Pacific area. The market is predicted to grow as a result of rising demand for lighting systems that use less energy.

• Government attempts to create smart cities and increasing requirements for environmentally friendly lighting systems in the Middle East and Africa are driving the market for electrically held lighting contactors in this area.

• The construction industry and the rising awareness of the benefits of energy-efficient lighting are driving demand for electrically held lighting contactors in Latin America.

Key Players

1. ABB
2. Siemens
3. Schneider Electric
4. Legrand
5. Eaton
6. Rockwell Automation
7. Sprecher Schuh
8. GE
9. Tianshui 213 Electrical Apparatus

Recent Developments

• In April of 2021, ABB released its AF Contactors line, which consists of electrically held lighting contactors. In controlling lighting applications, these contactors excel due to their low energy use, significant switching frequency, and simple installation.

• Siemens' latest electrically held lighting contactor, the Sirius Innovations ECL, will be released in May 2021. The contactor has advantages including simple installation, a modular layout, and remote monitoring to provide dependable and effective lighting management in commercial and industrial settings.