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.
SAM Lighting Contactor Market Segmentation
The SAM lighting contactor market is segmented into type, end user, application, and country.
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.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 41.13 Million |
| Market Size by 2028 | US$ 55.91 Million |
| CAGR (2022 - 2028) | 5.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Lighting Contactor Market is valued at US$ 41.13 Million in 2022, it is projected to reach US$ 55.91 Million by 2028.
As per our report South America Lighting Contactor Market, the market size is valued at US$ 41.13 Million in 2022, projecting it to reach US$ 55.91 Million by 2028. This translates to a CAGR of approximately 5.2% during the forecast period.
The South America Lighting Contactor Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Lighting Contactor Market report:
The South America Lighting Contactor Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Lighting Contactor Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Lighting Contactor Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For South America Lighting Contactor Market
