PUBLISHER: TechNavio | PRODUCT CODE: 1354528
PUBLISHER: TechNavio | PRODUCT CODE: 1354528
The motor control contactors market is forecasted to grow by USD 72.43 mn during 2022-2027, accelerating at a CAGR of 4.75% during the forecast period. The report on the motor control contractors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for motor protection devices, gradual recovery in upstream activity, and replacement of outdated electric motors.
Technavio's motor control contactors market is segmented as below:
Market Scope | |
---|---|
Base Year | 2022 |
End Year | 2027 |
Series Year | 2023-2027 |
Growth Momentum | Accelerate |
YOY 2023 | 3.83% |
CAGR | 4.75% |
Incremental Value | $72.43mn |
By End-user
By Type
By Geographical Landscape
This study identifies the emergence of contactors with the universal coil as one of the prime reasons driving the motor control contactors market growth during the next few years. Also, the growing adoption of intelligent MCC and the emergence of miniature and auxiliary contactors will lead to sizable demand in the market.
The report on the motor control contactors market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading motor control contactors market vendors that include ABB Ltd., AMETEK Inc., Danfoss AS, Eaton Corp. Plc, Emerson Electric Co., Fuji Electric Co. Ltd., GlobalSpec LLC, HIMEL Hong Kong LTD., Mitsubishi Electric Corp., Panasonic Holdings Corp., Rockwell Automation Inc., S and P Global Inc., Schaltbau Holding AG, Schneider Electric SE, Siemens AG, TAIGENE inc., TECO GROUP, Toshiba Corp., WEG Equipamentos Eletricos S.A., and Zhejiang CHINT Electrics Co. Ltd.. Also, the motor control contactors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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