Lighting Contactor Market Scope and Key Players Analysis by 2028
Lighting Contactor Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 973.57 Million |
Market Size by 2031 | US$ 1967.83 Million |
Global CAGR (2023 - 2031) | 9.2% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Lighting Contactor Market News and Recent Developments
The lighting contactor market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the lighting contactor market are listed below:
- Rockwell Automation, the world’s largest company dedicated to industrial automation and digital transformation, announced the complete revision of its Allen?Bradley Branch Motor Control & Protection Solutions of motor control components. The recent overhaul of its motor control components within its Branch Motor Control & Protection Solution was brought on by the need for updating full systems where components are used to turn on and off motors of all sizes while helping protect the motors from overloading during operation. Basic across-the-line motor starters remain ubiquitous in industrial applications despite the proliferation of solid-state motor starting technologies. These components comprise motor starting contactors, motor-specific circuit breakers and motor-overload relays, where, depending on the application, the motor overload functionality can be incorporated into the circuit breaker or applied as a separate component. (Source: Rockwell Automation, Press Release, February 2023)
Lighting Contactor Market Report Coverage and Deliverables
The "Lighting Contactor Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Lighting contactor market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Lighting contactor market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Lighting contactor market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the lighting contactor market
- Detailed company profiles