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South 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)
- Report Code : BMIRE00027404
- Pages : 107
The lighting contactor market in SAM is expected to grow from US$ 41.13 million in 2022 to US$ 55.91 million by 2028. It is estimated to grow at a CAGR of 5.2% from 2022 to 2028.
Government Initiatives to Fuel Lighting Contactor Uptake
The governments of countries all over the region are introducing various initiatives.
In March 2022, the Global Infrastructure Facility (GIF) collaborated with the Federal Government of Brazil and World Bank Group to launch a ‘Street Lighting Structuring Guide.’ Under this program, the GIF will assist public administrators in structuring street lighting projects for 10 Brazilian municipalities. Such government initiatives will increase the installation of lights and, consequently, the demand for lighting contactors over the forecast period.
Market Overview
SAM lighting contactor market comprises Brazil, Argentina, and the Rest of SAM. Brazil is the region’s fastest-growing country. The country has over 18 million light points and service penetration of around 95% of the residential sector. Under the “Smart Rio Project,” approximately 4, 50,000 street lights will be replaced by LED bulbs in Rio de Janeiro. According to the United Nations Framework Convention on Climate Change (UNFCCC), the City of Buenos Aires, Argentina, ties up with Philips. This deal enables the company to provide its ICT solution, which will help the city remotely monitor and control 72% of the network of streetlights. With this deal, 91,000 streetlights will be replaced by LED lights. In May 2021, Anern, a solar lights producer, provided its all-in-one solar streetlights for South America’s Porsche center parking lot under the “120W all in one Solar Panel Parking Lot Light Project”. Such initiatives and projects increase the installation of lights which will subsequently increase the demand for lighting contactors and drive the lighting contactors market in the region during the forecast period.
AM Lighting Contactor Market Revenue and Forecast to 2028 (US$ Million)
SAM Lighting Contactor Market Segmentation
The SAM 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 SAM lighting contactor market is segmented into commercial, residential, and industrial. The commercial segment registered the largest market share in 2022. Based on application, the SAM 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 Brazil, Argentina, and Rest of SAM. Brazil 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
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. SAM Lighting Contactor Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. SAM 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 – SAM Market Analysis
6.1 SAM Lighting Contactor Market Overview
6.2 SAM Lighting Contactor Market Revenue Forecast and Analysis
6.3 SAM Lighting Contactor Market Volume Forecast and Analysis
7. SAM Lighting Contactor Market Analysis – By Type
7.1 Overview
7.2 SAM 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. SAM Lighting Contactor Market Analysis – By End-User
8.1 Overview
8.2 SAM 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. SAM Lighting Contactor Market Analysis – By Application
9.1 Overview
9.2 SAM 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. SAM Lighting Contactor Market – Country Analysis
10.1 Overview
10.1.1 SAM: Lighting Contactor Market, By Country
10.1.1.1 Brazil: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Lighting Contactor Market, By Type
10.1.1.1.2 Brazil: Lighting Contactor Market, By End-User
10.1.1.1.3 Brazil: Lighting Contactor Market, By Application
10.1.1.2 Argentina: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Lighting Contactor Market, By Type
10.1.1.2.2 Argentina: Lighting Contactor Market, By End-User
10.1.1.2.3 Argentina: Lighting Contactor Market, By Application
10.1.1.3 Rest of SAM: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of SAM: Lighting Contactor Market, By Type
10.1.1.3.2 Rest of SAM: Lighting Contactor Market, By End-User
10.1.1.3.3 Rest of SAM: 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
LIST OF TABLES
Table 1. SAM Lighting Contactor Market Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM Lighting Contactor Market Volume and Forecast to 2028 (Thousand Units)
Table 3. Brazil Lighting Contactor Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Lighting Contactor Market, By End-User– Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil Lighting Contactor Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Lighting Contactor Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Lighting Contactor Market, By End-User– Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina Lighting Contactor Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM Lighting Contactor Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of SAM Lighting Contactor Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of SAM Lighting Contactor Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Lighting Contactor Market Segmentation
Figure 2. SAM Lighting Contactor Market Segmentation – By Country
Figure 3. SAM Lighting Contactor Market Overview
Figure 4. SAM Lighting Contactor Market, by Type
Figure 5. SAM Lighting Contactor Market, by Country
Figure 6. SAM – PEST Analysis
Figure 7. Lighting Contactor Market- Ecosystem Analysis
Figure 8. SAM Lighting Contactor Market Impact Analysis of Drivers and Restraints
Figure 9. SAM Lighting Contactor Market Revenue Forecast and Analysis (US$ Million)
Figure 10. SAM Lighting Contactor Market Volume Forecast and Analysis (Thousand Units)
Figure 11. SAM Lighting Contactor Market Revenue Share, By Type (2021 and 2028)
Figure 12. SAM Electrically Held: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. SAM Mechanically held: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Lighting Contactor Market Revenue Share, by End-User (2021 and 2028)
Figure 15. SAM Commercial: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. SAM Residential: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Industrial: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. SAM Lighting Contactor Market Revenue Share, by Application (2021 and 2028)
Figure 19. SAM Indoor: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. SAM Outdoor: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. SAM Lighting Contactor Market, by Key Country – Revenue (2021) (US$ Million)
Figure 22. SAM: Lighting Contactor Market Revenue Share, By Country (2021 and 2028)
Figure 23. Brazil: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Argentina: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of SAM: Lighting Contactor Market – Revenue and Forecast to 2028 (US$ Million)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM 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 SAM 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 SAM 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
The List of Companies – South America Lighting Contactor Market
● ABB Ltd.
● Eaton
● Hager Group
● Hitachi Industrial Equipment Systems Co., Ltd
● Ripley Lighting Controls
● Rockwell Automation, Inc.
● Schneider Electric SE
● Siemens AG
At 5.2% CAGR, the SAM Lighting Contactor Market is speculated to be worth US$ 55.91 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the SAM lighting contactor market was valued at US$ 41.13 million in 2022 and is expected to reach US$ 55.91 million by 2028, registering an annual growth rate of 7.7% from 2022 to 2028. Smart lighting solutions boosts market growth and government initiatives to fuel lighting contactor uptake are the critical factors attributed to the market expansion.
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.
On the contrary, rising usage of portable lights hurdles the growth of SAM lighting contactor market.
Based on type, the SAM lighting contactor market is segmented into electrically held and mechanically held. The electrically held segment held 63.6% market share in 2022, amassing US$ 26.15 million. It is projected to garner US$ 36.37 million by 2028 to expand at 5.7% CAGR during 2022–2028. Based on end- user, the SAM lighting contactor market is segmented into commercial, residential, and industrial. The commercial segment held 41.7% market share in 2022, amassing US$ 17.16 million. It is projected to garner US$ 22.28 million by 2028 to expand at 4.4% CAGR during 2022–2028. Based on application, the SAM lighting contactor market is segmented into indoor and outdoor. The indoor segment held 53.8% market share in 2022, amassing US$ 22.13 million. It is projected to garner US$ 28.95 million by 2028 to expand at 4.6% CAGR during 2022–2028. Based on country, the SAM lighting contactor market is segmented into Brazil, Argentina, and Rest of SAM. Our regional analysis states that Brazil captured 69.8% market share in 2022. It was assessed at US$ 28.72 million in 2022 and is likely to hit US$ 40.63 million by 2028, exhibiting a CAGR of 6.0% during the forecast period. Key players dominating the SAM lighting contactor market are ABB Ltd.; Eaton; Hager Group; Hitachi Industrial Equipment Systems Co., Ltd; Ripley Lighting Controls; Rockwell Automation, Inc.; Schneider Electric SE; and Siemens AG among others.
In 2019, ABB launched a new contactor that provide PV power plants an easy way to introduce 1500 V DC architectures le. In 2021, Eaton acquired 50% stake in HuanYu Group’s subsidiary HuanYu High Tech. HuanYu High Tech manufactures contactors and low-voltage circuit breakers.
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