Increasing adoption of IoT in the lighting industry and rising demand for energy-efficient lighting systems are the major drivers of the lighting contactor market.

The global lighting contactor market was valued at USD 683.7 million in 2017 and is projected to reach USD 1,111.0 million by 2023, at a CAGR of 8.53%, during the forecast period.

Lighting Contactor Market by End-User, Type, Application, and Region - Forecast to 2023

Lighting Contactor Market by End-User (Smart Residential Complexes, Commercial, Industrial, and Municipal), Type (Electrically Held and Mechanically Held), Application (Indoor and Outdoor), and Region - Global Forecast to 2023