The lighting contactor market in North America is expected to grow from US$ 319.66 million in 2022 to US$ 536.07 million by 2028. It is estimated to grow at a CAGR of 9.0% from 2022 to 2028.
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.
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.
Market Overview
North America comprises technologically advanced economies, such as the US, Canada, and Mexico. North America is also attracting massive foreign direct investment from economically strong countries for technological growth. Businesses in the region are continually developing their overall business processes and embracing new technology to improve their lighting solutions. In North America, the penetration of smart lighting solutions, especially among the urban population, is high. Rising investments in technologies by both private and public enterprises and brands such as GE Current’s expansion of smart lighting solutions in Canada with Omnilumen and GS Lighting Group to enhance the overall revenue by increasing sales through optimizing their offerings are also fueling the growth of the market in the region.North America Lighting Contactor Market Segmentation
The North America 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 North America lighting contactor market is segmented into commercial, residential, and industrial. The commercial segment registered the largest market share in 2022.
- Based on application, the North America 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 US, Canada, and Mexico. US dominated the market share in 2022. ABB Ltd.; Eaton; Hager Group; Hitachi Industrial Equipment Systems Co., Ltd; NSi Industries, LLC; 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.
Table of Contents
1. Introduction
3. Research Methodology
4. North America Lighting Contactor Market Landscape
5. North America Lighting Contactor Market - Key Market Dynamics
6. Lighting Contactor Market - North America Market Analysis
7. North America Lighting Contactor Market Analysis - By Type
8. North America Lighting Contactor Market Analysis - By End-User
9. North America Lighting Contactor Market Analysis - By Application
10. North America Lighting Contactor Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
- Abb Ltd.
- Eaton
- Hager Group
- Hitachi Industrial Equipment Systems Co., Ltd
- Nsi Industries, Llc
- Ripley Lighting Controls
- Rockwell Automation, Inc.
- Schneider Electric Se
- Siemens Ag
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 109 |
| Published | November 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( $ | $ 319.66 Million |
| Forecasted Market Value ( $ | $ 536.07 Million |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | North America |
| No. of Companies Mentioned | 9 |
