Bright Future: Lighting Contactor Market Soars

The global lighting contactor market is poised for substantial growth, with a projected CAGR of 8.5%, targeting a market size of US$1.6 billion by 2034 from US$702.1 million in 2024. Driving factors include the emphasis on indoor environmental quality and energy efficiency, bolstered by opportunities from the automotive sector and urbanization. Key market players are leveraging strategies such as market expansion and innovation to boost competitiveness.