Europe Lighting Contactor Market Forecast to 2028 – COVID

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

Report Code : BMIRE00027382 | Region : Europe | Industry : Electronics and Semiconductor | Published Date : 08/Nov/2022

The lighting contactor market in Europe is expected to grow from US$ 252.07 million in 2022 to US$ 407.68 million by 2028. It is estimated to grow at a CAGR of 8.3% from 2022 to 2028.

Penetration of IoT in Lighting Control Systems

Nowadays, lights come with a variety of features, such as software-enabled control, Bluetooth, and WiFi. The IoT in lighting is expected to transform the industry in the near future. These lights are connected to the network. The IoT-enabled lights can be a game changer for the lighting market. Some of these lights have sensors that help provide information. For instance, light with sensors can detect how long a customer spent in a retail store aisle looking at a particular product. These lights can be managed via mobile app or web to increase or reduce the brightness, color changing, etc. IoT-enabled lights find significant demand in the commercial sector. Due to increasing demand, various companies, such as Philips and Wipro, are offering a variety of IoT-enabled lights. Thus, IoT-enabled lights are driving the lighting contactor market. In August 2021, Signify launched Wiz smart light range, including LED smart downlighter, T-Bulb, T-Beamer, and Batten. The company expanded its Philips smart WiFi ecosystem in India with this launch. Such IoT-enabled light launches are increasing the demand for contactors and, thus, driving the lighting contactor market.

Market Overview

Europe consists of several developed economies, including Germany, France, Italy, the UK, and Russia. Increasing adoption due to urbanization across Europe is influencing different industries to maximize their capabilities and invest in technological advancements for the integration of IoT in lighting products. For instance, in 2022, Dutch cities decided to choose inteliLIGHT’s ZHAGA NB-IoT smart lighting controllers further improving their smart city infrastructure. Aiming toward net-zero emissions by 2050, most European nations, especially the UK, are focused on sustainable alternatives of lighting systems such as halogen incandescent lights, compact fluorescent lamps (CFL), and light-emitting diodes (led) instead of traditional lights. As a result, the industrial sector is investing in improvements for lighting solutions for better energy efficiency. This has led the lighting contactor manufacturers to adopt and innovate products to adhere to environmental standards.

Europe Lighting Contactor Market Revenue and Forecast to 2028 (US$ Million)

Europe Lighting Contactor Market Segmentation

The Europe lighting contactor market is segmented into type, end user, application, and country. Based on type, the market is segmented into electrically held and mechanically held. The electrically held segment registered a larger market share in 2022.

Based on end-user, the Europe lighting contactor market is segmented into commercial, residential, and industrial. The commercial segment registered the largest market share in 2022. Based on application, the Europe lighting contactor market is segmented into indoor and outdoor. The indoor segment registered a larger market share in 2022. Based on country, the market is segmented into Germany, France, Italy, Russia, UK, and Rest of Europe. Germany dominated the market share in 2022. ABB Ltd.; Eaton; Hager Group; Hitachi Industrial Equipment Systems Co., Ltd; Ripley Lighting Controls; Rockwell Automation, Inc.; Schneider Electric SE; and Siemens AG are the leading companies operating in the lighting contactor market in the region.

At 8.3% CAGR, the Europe Lighting Contactor Market is speculated to be worth US$ 407.68 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Europe lighting contactor market was valued at US$ 252.07 million in 2022 and is expected to reach US$ 407.68 million by 2028, registering an annual growth rate of 8.3% from 2022 to 2028. Smart lighting solutions boosts market growth and penetration of IoT in lighting control systems are the critical factors attributed to the market expansion.

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. It is expected that by 2030, the smart lighting market will increase US$ ~43 billion, which was around US$ 11 billion in 2020. With the increasing disposable incomes, people are shifting towards smart homes. A smart home includes all the electronic appliances, such as lights, that runs on either internet, sensor, hand gestures, or voice command. Companies, such as Schréder; General Electric Company, and Cree, Inc., are the providers of smart lighting solutions. Strategic developments, such as product launches and regional expansions, implemented by these companies are driving the lighting contactors market. In July 2021, SmartLabs, a smart lighting and electric control provider, announced the launch of its Nokia Smart Lighting.

On the contrary, rising usage of portable lights hurdles the growth of Europe lighting contactor market.

Based on type, the Europe lighting contactor market is segmented into electrically held and mechanically held. The electrically held segment held 65.1% market share in 2022, amassing US$ 164.03 million. It is projected to garner US$ 271.16 million by 2028 to expand at 8.7% CAGR during 2022–2028. Based on end- user, the Europe lighting contactor market is segmented into commercial, residential, and industrial. The commercial segment held 39.7% market share in 2022, amassing US$ 100.19 million. It is projected to garner US$ 153.93 million by 2028 to expand at 7.4% CAGR during 2022–2028. Based on application, the Europe lighting contactor market is segmented into indoor and outdoor. The indoor segment held 52.6% market share in 2022, amassing US$ 132.50 million. It is projected to garner US$ 205.67 million by 2028 to expand at 7.6% CAGR during 2022–2028. Based on country, the Europe lighting contactor market is segmented into Germany, France, Italy, Russia, UK, and Rest of Europe. Our regional analysis states that Germany captured 31.4% market share in 2022. It was assessed at US$ 79.09 million in 2022 and is likely to hit US$ 137.72 million by 2028, exhibiting a CAGR of 9.7% during the forecast period. Key players dominating the Europe lighting contactor market are ABB Ltd.; Eaton; Hager Group; Hitachi Industrial Equipment Systems Co., Ltd; Ripley Lighting Controls; Rockwell Automation, Inc.; Schneider Electric SE; and Siemens AG among others.

In 2019, ABB launched a new contactor that provide PV power plants an easy way to introduce 1500 V DC architectures le. In 2021, Eaton acquired 50% stake in HuanYu Group’s subsidiary HuanYu High Tech. HuanYu High Tech manufactures contactors and low-voltage circuit breakers.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Lighting Contactor Market Landscape

4.1 Market Overview

4.2 Europe PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. Europe Lighting Contactor Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Penetration of IoT in Lighting Control Systems

5.1.2 Smart Lighting Solutions Boosts Market Growth

5.2 Market Restraints

5.2.1 Rising Usage of Portable Lights

5.3 Future Trends

5.3.1 Increasing Trend of Horticulture Lights

5.4 Impact Analysis of Drivers and Restraints

6. Lighting Contactor Market – Europe Market Analysis

6.1 Europe Lighting Contactor Market Overview

6.2 Europe Lighting Contactor Market Revenue Forecast and Analysis

6.3 Europe Lighting Contactor Market Volume Forecast and Analysis

7. Europe Lighting Contactor Market Analysis – By Type

7.1 Overview

7.2 Europe Lighting Contactor Market, By Type (2021 and 2028)

7.3 Electrically Held

7.3.1 Overview

7.3.2 Electrically Held: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Mechanically Held

7.4.1 Overview

7.4.2 Mechanically Held: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

8. Europe Lighting Contactor Market Analysis – By End-User

8.1 Overview

8.2 Europe Lighting Contactor Market, By End-User (2021 and 2028)

8.3 Commercial

8.3.1 Overview

8.3.2 Commercial: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Residential

8.4.1 Overview

8.4.2 Residential: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Industrial

8.5.1 Overview

8.5.2 Industrial: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

9. Europe Lighting Contactor Market Analysis – By Application

9.1 Overview

9.2 Europe Lighting Contactor Market, By Application (2021 and 2028)

9.3 Indoor

9.3.1 Overview

9.3.2 Indoor: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Outdoor

9.4.1 Overview

9.4.2 Outdoor: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

10. Europe Lighting Contactor Market – Country Analysis

10.1 Overview

10.1.1 Europe: Lighting Contactor Market, By Country

10.1.1.1 Germany: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Germany: Lighting Contactor Market, By Type

10.1.1.1.2 Germany: Lighting Contactor Market, By End-User

10.1.1.1.3 Germany: Lighting Contactor Market, By Application

10.1.1.2 France: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 France: Lighting Contactor Market, By Type

10.1.1.2.2 France: Lighting Contactor Market, By End-User

10.1.1.2.3 France: Lighting Contactor Market, By Application

10.1.1.3 Italy: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 Italy: Lighting Contactor Market, By Type

10.1.1.3.2 Italy: Lighting Contactor Market, By End-User

10.1.1.3.3 Italy: Lighting Contactor Market, By Application

10.1.1.4 UK: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 UK: Lighting Contactor Market, By Type

10.1.1.4.2 UK: Lighting Contactor Market, By End-User

10.1.1.4.3 UK: Lighting Contactor Market, By Application

10.1.1.5 Russia: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 Russia: Lighting Contactor Market, By Type

10.1.1.5.2 Russia: Lighting Contactor Market, By End-User

10.1.1.5.3 Russia: Lighting Contactor Market, By Application

10.1.1.6 Rest of Europe: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of Europe: Lighting Contactor Market, By Type

10.1.1.6.2 Rest of Europe: Lighting Contactor Market, By End-User

10.1.1.6.3 Rest of Europe: Lighting Contactor Market, By Application

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Mergers and Acquisition

11.4 New Product Development

12. Company Profiles

12.1 ABB Ltd.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Eaton

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Ripley Lighting Controls

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Hager Group

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Hitachi Industrial Equipment Systems Co., Ltd

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Rockwell Automation, Inc.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Schneider Electric SE

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Siemens AG

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1. Europe Lighting Contactor Market Revenue and Forecast to 2028 (US$ Million)

Table 2. Europe Lighting Contactor Market Volume and Forecast to 2028 (Thousand Units)

Table 3. Germany Lighting Contactor Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 4. Germany Lighting Contactor Market, By End-User– Revenue and Forecast to 2028 (US$ Million)

Table 5. Germany Lighting Contactor Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 6. France Lighting Contactor Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 7. France Lighting Contactor Market, By End-User – Revenue and Forecast to 2028 (US$ Million)

Table 8. France Lighting Contactor Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 9. Italy Lighting Contactor Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 10. Italy Lighting Contactor Market, By End-User – Revenue and Forecast to 2028 (US$ Million)

Table 11. Italy Lighting Contactor Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 12. UK Lighting Contactor Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 13. UK Lighting Contactor Market, By End-User– Revenue and Forecast to 2028 (US$ Million)

Table 14. UK Lighting Contactor Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 15. Russia Lighting Contactor Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 16. Russia Lighting Contactor Market, By End-User– Revenue and Forecast to 2028 (US$ Million)

Table 17. Russia Lighting Contactor Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of Europe Lighting Contactor Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 19. Rest of Europe Lighting Contactor Market, By End-User – Revenue and Forecast to 2028 (US$ Million)

Table 20. Rest of Europe Lighting Contactor Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 21. List of Abbreviation

LIST OF FIGURES.

Figure 1. Europe Lighting Contactor Market Segmentation

Figure 2. Europe Lighting Contactor Market Segmentation – By Country

Figure 3. Europe Lighting Contactor Market Overview

Figure 4. Europe Lighting Contactor Market, by Type

Figure 5. Europe Lighting Contactor Market, by Country

Figure 6. Europe – PEST Analysis

Figure 7. Lighting Contactor Market- Ecosystem Analysis

Figure 8. Europe Lighting Contactor Market Impact Analysis of Drivers and Restraints

Figure 9. Europe Lighting Contactor Market Revenue Forecast and Analysis (US$ Million)

Figure 10. Europe Lighting Contactor Market Volume Forecast and Analysis (Thousand Units)

Figure 11. Europe Lighting Contactor Market Revenue Share, By Type (2021 and 2028)

Figure 12. Europe Electrically Held: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Europe Mechanically held: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. Europe Lighting Contactor Market Revenue Share, by End-User (2021 and 2028)

Figure 15. Europe Commercial: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Europe Residential: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Europe Industrial: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Europe Lighting Contactor Market Revenue Share, by Application (2021 and 2028)

Figure 19. Europe Indoor: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Europe Outdoor: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Europe Lighting Contactor Market, by Key Country – Revenue (2021) (US$ Million)

Figure 22. Europe: Lighting Contactor Market Revenue Share, By Country (2021 and 2028)

Figure 23. Germany: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. France: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Italy: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. UK: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Russia: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Rest of Europe: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - Europe Lighting Contactor Market

● ABB Ltd.

● Eaton

● Hager Group

● Hitachi Industrial Equipment Systems Co., Ltd

● Ripley Lighting Controls

● Rockwell Automation, Inc.

● Schneider Electric SE

● Siemens AG

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe 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 Europe 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 Europe market trends and outlook coupled with the factors driving the lighting contactor 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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