Asia-Pacific 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)

List of Tables

The lighting contactor market in APAC is expected to grow from US$ 217.40 million in 2022 to US$ 377.87 million by 2028. It is estimated to grow at a CAGR of 9.7% from 2022 to 2028.

Government Initiatives to Fuel Lighting Contactor Uptake

The governments of countries all over the region are introducing various initiatives. For instance, the Australian government is encouraging citizens to replace halogen lights with LEDs. According to the Department of Climate Change, Energy, the Environment and Water, the Government of Australia, if households replace 10 halogen bulbs with LEDs, they can save up to US$ 650 in 10 years on electricity bills. Furthermore, the Government of India's 'Street Light National Programme (SLNP)' is the world's largest streetlight replacement program, under which over 1.3 million smart LED lights have been installed as of 2020. Such government initiatives will increase the installation of lights and, consequently, the demand for lighting contactors over the forecast period.

Market Overview

The presence of emerging economies and the rise in the uptake of advanced and sophisticated technologies is contributing to the overall growth of APAC. Australia, China, Japan, and India are the main contributors to the development of the lighting contactor. To implement technologically advanced solutions across different sectors in the country, rapid technological developments, digitalization of economies, and adequate government support contribute to the smooth evolution of these economies from the developing stage to the developed stage. The integration of IoT enables the remote control of lighting fixtures using smartphones. Further, LEDs are integrated with healthy lighting technology to reduce heat and UV emissions. In medical facilities, healthy light technology is used to assist patients in relaxing during critical surgeries and speed up recovery. Governments of a few Asian Pacific countries promote energy-efficient lighting solutions. The primary factors driving the APAC lighting contactors market are rising awareness about energy-efficient products such as compact fluorescent lamps (CFLs) and light-emitting diodes (LEDs), technological developments, and supporting government policies.

APAC Lighting Contactor Market Revenue and Forecast to 2028 (US$ Million)

APAC Lighting Contactor Market Segmentation

The APAC 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 APAC lighting contactor market is segmented into commercial, residential, and industrial. The commercial segment registered the largest market share in 2022. Based on application, the APAC 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 APAC. 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.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC 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 APAC 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 APAC 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

Product Code: BMIRE00027371

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. APAC Lighting Contactor Market Landscape

4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. APAC 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 Market Opportunities
- 5.3.1 Government Initiatives to Fuel Lighting Contactor Uptake
5.4 Future Trends
- 5.4.1 Increasing Trend of Horticulture Lights
5.5 Impact Analysis of Drivers and Restraints

6. Lighting Contactor Market - APAC Market Analysis

6.1 APAC Lighting Contactor Market Overview
6.2 APAC Lighting Contactor Market Revenue Forecast and Analysis
6.3 APAC Lighting Contactor Market Volume Forecast and Analysis

7. APAC Lighting Contactor Market Analysis - By Type

7.1 Overview
7.2 APAC 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. APAC Lighting Contactor Market Analysis - By End-User

8.1 Overview
8.2 APAC 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. APAC Lighting Contactor Market Analysis - By Application

9.1 Overview
9.2 APAC 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. APAC Lighting Contactor Market - Country Analysis

10.1 Overview
- 10.1.1 APAC: Lighting Contactor Market, By Country
  - 10.1.1.1 Australia: Lighting Contactor Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.1.1 Australia: Lighting Contactor Market, By Type
    - 10.1.1.1.2 Australia: Lighting Contactor Market, By End-User
    - 10.1.1.1.3 Australia: Lighting Contactor Market, By Application
  - 10.1.1.2 China: Lighting Contactor Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.2.1 China: Lighting Contactor Market, By Type
    - 10.1.1.2.2 China: Lighting Contactor Market, By End-User
    - 10.1.1.2.3 China: Lighting Contactor Market, By Application
  - 10.1.1.3 India: Lighting Contactor Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.3.1 India: Lighting Contactor Market, By Type
    - 10.1.1.3.2 India: Lighting Contactor Market, By End-User
    - 10.1.1.3.3 India: Lighting Contactor Market, By Application
  - 10.1.1.4 Japan: Lighting Contactor Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.4.1 Japan: Lighting Contactor Market, By Type
    - 10.1.1.4.2 Japan: Lighting Contactor Market, By End-User
    - 10.1.1.4.3 Japan: Lighting Contactor Market, By Application
  - 10.1.1.5 South Korea: Lighting Contactor Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.5.1 South Korea: Lighting Contactor Market, By Type
    - 10.1.1.5.2 South Korea: Lighting Contactor Market, By End-User
    - 10.1.1.5.3 South Korea: Lighting Contactor Market, By Application
  - 10.1.1.6 Rest of APAC: Lighting Contactor Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.6.1 Rest of APAC: Lighting Contactor Market, By Type
    - 10.1.1.6.2 Rest of APAC: Lighting Contactor Market, By End-User
    - 10.1.1.6.3 Rest of APAC: 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 Rockwell Automation, Inc.
- 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 Schneider Electric SE
- 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 Siemens AG
- 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

13. Appendix

13.1 About The Insight Partners
13.2 Word Index