Global Lighting Contactor Market Forecasts to Progress Promisingly at a CAGR of 8.5% to Jump to US$ 1.6 Billion by 2034 | Future Market Insights, Inc. [Yahoo! Finance]
Rockwell Automation, Inc. (ROK)
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Source: Yahoo! Finance
Energy-efficient lighting adoption and smart controls amplify demand, highlighting their vital role in sustainable indoor environments and automotive electrification. NEWARK, Del, March 27, 2024 (GLOBE NEWSWIRE) -- According to a Future Market Insights (FMI), the global lighting contactor market is estimated to grow at a CAGR of to reach a US$ 1.6 Billion market size by 2034. This promising jump is from a market valuation of US$ 702.1 Million in 2024. The main driving force for the subject market is indoor environmental quality (IEQ). The increasing infrastructure has been focused on maintaining individual health and safety. Due to this, lighting systems are designed to sustain supreme air quality, giving consumers comfort. Various businesses and governments have prioritized energy efficiency, which has surged the demand for sustainable options for lighting systems that can save energy. Therefore, this drives the subject market. Request Sample Report for More Valuable Insights
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