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.
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
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 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.
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Lighting Contactor Market Landscape
5. Europe Lighting Contactor Market - Key Market Dynamics
6. Lighting Contactor Market - Europe Market Analysis
7. Europe Lighting Contactor Market Analysis - By Type
8. Europe Lighting Contactor Market Analysis - By End-User
9. Europe Lighting Contactor Market Analysis - By Application
10. Europe 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 | 117 |
| Published | November 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( $ | $ 252.07 Million |
| Forecasted Market Value ( $ | $ 407.68 Million |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 8 |
