Factors trending in the global lighting contactor market include the introduction of regulations by governments across the world for promoting energy-efficient lighting systems and the increasing rate of automation for power monitoring in commercial complexes, residential buildings, and government premises. Furthermore, growing government spending on smart city projects, which involve the use of lighting solutions such as contactors, has been identified as a major trend in the market.

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Lighting contactors are relay switches that are electrically or mechanically controlled and are mainly used for controlling lights with frequent on-and-off operations. These devices can control circuits with higher voltages, which can, otherwise, be hazardous if controlled directly. A contactor switch runs at a lower but safer load and controls the high voltage/current circuit using an electromagnet. It is also used to meet lighting efficiency standards required by different government regulations. 

the market can be classified into electrically and mechanically held lighting contactors. Of these, electrically held contactors are expected to hold the larger share in the lighting contactor market during the forecast period, owing to their extensive deployment by commercial and industrial end users, as these contactors are highly energy efficient. Besides, they are more cost-effective than mechanically held contactors, which encourages their large-scale adoption in smart residential complexes, commercial offices, and industrial facilities.

The lighting contactor market is also categorized into indoor and outdoor applications. Of these, the indoor category accounted for a significant market share during the historical period and is expected to register higher CAGR during the forecast period owing to the increasing consumer awareness on energy conservation and the growing need to adhere to environmental/energy regulations in commercial offices, smart residential complexes, and industrial areas. Outdoor lighting contactors, on the other hand, are intended for places where the possibility of rainfall, sleet, or external ice formations is high.

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The lighting contactor market is being driven by the high deployment of these contactors for energy-efficient and automated lighting systems in commercial complexes and smart homes. Complete phasing out of old lighting systems in developing economies is also acting as a driver for the lighting contactor industry. Furthermore, expanding consumer base complemented by increasing awareness about these devices is propelling the market demand.

Some of the major companies operating in the global lighting contactor market are ABB Ltd., Siemens AG, Acuity Brands Lighting Inc., Legrand, Rockwell Automation Inc., Schneider Electric SE, Eaton Corporation, Ripley Lighting Controls, Federal Electric, and Sprecher + Schuh.

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