North America 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)
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 Lighting Solutions Boosts Market Growth
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 Revenue and Forecast to 2028 (US$ Million)
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.
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. North America Lighting Contactor Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America 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 – North America Market Analysis
6.1 North America Lighting Contactor Market Overview
6.2 North America Lighting Contactor Market Revenue Forecast and Analysis
6.3 North America Lighting Contactor Market Volume Forecast and Analysis
7. North America Lighting Contactor Market Analysis – By Type
7.1 Overview
7.2 North America 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. North America Lighting Contactor Market Analysis – By End-User
8.1 Overview
8.2 North America 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. North America Lighting Contactor Market Analysis – By Application
9.1 Overview
9.2 North America 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. North America Lighting Contactor Market – Country Analysis
10.1 Overview
10.1.1 North America: Lighting Contactor Market, By Country
10.1.1.1 US: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Lighting Contactor Market, By Type
10.1.1.1.2 US: Lighting Contactor Market, By End-User
10.1.1.1.3 US: Lighting Contactor Market, By Application
10.1.1.2 Canada: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Lighting Contactor Market, By Type
10.1.1.2.2 Canada: Lighting Contactor Market, By End-User
10.1.1.2.3 Canada: Lighting Contactor Market, By Application
10.1.1.3 Mexico: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Lighting Contactor Market, By Type
10.1.1.3.2 Mexico: Lighting Contactor Market, By End-User
10.1.1.3.3 Mexico: 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 NSi Industries, LLC
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 Rockwell Automation, Inc.
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 Schneider Electric SE
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
12.9 Siemens AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Lighting Contactor Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Lighting Contactor Market Volume and Forecast to 2028 (Thousand Units)
Table 3. US Lighting Contactor Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. US Lighting Contactor Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Lighting Contactor Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Lighting Contactor Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Lighting Contactor Market, By End-User– Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Lighting Contactor Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Lighting Contactor Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Lighting Contactor Market, By End-User– Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Lighting Contactor Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Lighting Contactor Market Segmentation
Figure 2. North America Lighting Contactor Market Segmentation – By Country
Figure 3. North America Lighting Contactor Market Overview
Figure 4. North America Lighting Contactor Market, by Type
Figure 5. North America Lighting Contactor Market, by Country
Figure 6. North America – PEST Analysis
Figure 7. Lighting Contactor Market- Ecosystem Analysis
Figure 8. North America Lighting Contactor Market Impact Analysis of Drivers and Restraints
Figure 9. North America Lighting Contactor Market Revenue Forecast and Analysis (US$ Million)
Figure 10. North America Lighting Contactor Market Volume Forecast and Analysis (Thousand Units)
Figure 11. North America Lighting Contactor Market Revenue Share, By Type (2021 and 2028)
Figure 12. North America Electrically Held: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Mechanically held: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Lighting Contactor Market Revenue Share, by End-User (2021 and 2028)
Figure 15. North America Commercial: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Residential: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Industrial: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Lighting Contactor Market Revenue Share, by Application (2021 and 2028)
Figure 19. North America Indoor: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Outdoor: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Lighting Contactor Market, by Key Country – Revenue (2021) (US$ Million)
Figure 22. North America Lighting Contactor Market Revenue Share, By Country (2021 and 2028)
Figure 23. US: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Canada: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Mexico: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
- 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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America 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