The lighting contactor market in MEA is expected to grow from US$ 65.36 million in 2022 to US$ 101.86 million by 2028. It is estimated to grow at a CAGR of 7.7% from 2022 to 2028.
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.
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
- Based on country, the MEA lighting contactor market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The MEA government focuses on taking advantage of a range of technologically advanced solutions to boost the overall lighting industry of the country. In addition to the rising acceptance of emerging technology, adopting advanced solutions is fueling the shift from traditional lighting to smart lighting systems across the region. Increased demand for energy-efficient lighting solutions in the GCC is spurring new growth in the lighting industry. In July 2021, IDRO announced its joint venture to produce explosion-proof LED lamps. The joint venture project is expected to reduce power consumption by 14,000 MWh annually. Tuya Smart and Nexleds announced their collaboration to enhance the Middle East lighting contactor market. Increasing developments and investments are further positively impacting the growth of lighting contactors in the Middle East. Downlights, panel lights, flood lights, and light bulbs offered by Tuva are a few of the products of this partnership. Further, developments in the lighting sector are contributing to the lighting contactor industry. Various smart city programs initiated by governments of the MEA countries, such as the UAE Vision 2021 and Middle East Smart Lighting & Energy Summit 2021, would contribute to the MEA lighting contactors market in the coming years. Masdar City in Abu Dhabi, powered by renewable energy and built with environment-friendly materials, including low-carbon cement and recycled aluminum, inculcates smart lighting solutions for reduced power consumption. The project includes several intelligent solutions that save energy and water and an integrated smart network of electric or zero-carbon mobility options. Developments in the region such as USAID’s Energy Efficiency for Development (EE4D) program in partnership with other countries announced its plans for scaling clean energy and energy efficiency are contributing to the demand for lighting contactors further driving the market growth in the MEA.
MEA Lighting Contactor Market Segmentation
The MEA 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 MEA lighting contactor market is segmented into commercial, residential, and industrial. The commercial segment registered the largest market share in 2022.
- Based on application, the MEA 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 Australia, China, India, Japan, South Korea, and Rest of MEA. China 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.
Table of Contents
1. Introduction
3. Research Methodology
4. MEA Lighting Contactor Market Landscape
5. MEA Lighting Contactor Market - Key Market Dynamics
6. Lighting Contactor Market - MEA Market Analysis
7. MEA Lighting Contactor Market Analysis - By Type
8. MEA Lighting Contactor Market Analysis - By End-User
9. MEA Lighting Contactor Market Analysis - By Application
10. MEA 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
- 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 ( $ | $ 65.36 Million |
| Forecasted Market Value ( $ | $ 101.86 Million |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 8 |
