Lighting Contactor Market to Gain Traction; Growing Demand for Smart Control in the Lighting System Will Augment Healthy Growth
Global Lighting Contactor Market Scenario
The lighting contactor market is expected to grow from an estimated USD 737.8 million in 2018 to USD 1,111.0 million by 2023, at a CAGR of 8.53% from 2018 to 2023. This growth can be attributed to the increasing adoption of energy-efficient lighting, growing demand for smart controls in lighting systems, and increasing adoption of IoT in the lighting...
Lighting Contactor Market – Global Trends & Forecast to 2023
The global lighting contactor market is expected to grow from an estimated USD 737.8 million in 2018 to reach USD 1,111.0 million by 2023, growing at a CAGR of 8.53% from 2018 to 2023. The factors driving the market include the growing adoption of lighting control and management systems by commercial and industrial end-user segments in Asia Pacific. Also, government authorities in many countries across...