Technavio has been monitoring the global motor control contactors market since 2017 and the market is poised to grow by USD 181.08 million during 2019-2023 at a CAGR of almost 6% during the forecast period. Request Free Sample Pages
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200108005861/en/
Technavio announced its latest market research report titled global motor control contactors market 2019-2023. (Graphic: Business Wire)
Read the 137-page research report with TOC on “Motor Control Contactors Market Analysis Report by Type (IEC standard and NEMA standard), by End-users (Process Industries and Discrete Industries), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 – 2023”.
The growing demand for motor protection devices along with the growing adoption of intelligent MCC is anticipated to boost the growth of the market.
The adoption of motor protection devices and motor control systems is increasing in many end-user industries to prevent productivity losses, loss of raw materials, and non-quality production and delivery. Motor control contractors are used to ensure optimal performance in heavy-duty industrial applications, protect electric motors from high voltage and current fluctuations, and for power factor correction. In addition, contractors help in eliminating an undesirable number of harmonics in the main power line. Thus, the growing demand for motor protection devices is expected to drive market growth during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Major Five Motor Control Contactors Market Companies:
ABB is headquartered in Switzerland and operates the business under various segments such as electrification products, robotics and motion, industrial automation, and power grids. The company offers AF 3-pole contactors and 4-pole contactors for power switching.
Danfoss A/S is headquartered in Denmark and offers products through the following business units: Danfoss Power Solutions, Danfoss Cooling, Danfoss Drives, and Danfoss Heating. The company provides an array of contactors such as CI 5-12, CI 5-9, and others.
Eaton is headquartered in Ireland and operates under various business segments, namely electrical products and electrical systems and services, hydraulics, aerospace, and vehicle. The company offers XTSE Safety Contactors, AC/DC contactors, and High rated contactors DILM, DILH.
Emerson Electric Co.
Emerson Electric Co. is headquartered in the US and offers products through the following business segments: automation solutions and commercial and residential solutions. The company offers Appleton PlexPower Series Factory Sealed Contactors and Motor Starters.
Rockwell Automation, Inc.
Rockwell Automation, Inc. is headquartered in the US and offers products through the following business segments: Architecture & Software and Control Products & Solutions. The company provides IEC contactors, NEMA contactors, Combination contactors, and 156-C Solid-state Contactors.
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio’s SUBSCRIPTION platform
Motor Control Contactors Type Outlook (Revenue, USD Million, 2019 – 2023)
- IEC standard
- NEMA standard
Motor Control Contactors Regional Outlook (Revenue, USD Million, 2019 – 2023)
- North America
- South America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Industrials include:
Medium Voltage Motors Market – Global Medium Voltage Motors Market by end-users (process industries, discrete industries, and HVAC), product (AC motors and DC motors), and geography (APAC, Europe, MEA, North America, and South America).
Industrial High Voltage Motors Market – Global Industrial High Voltage Motors Market by geography (APAC, Europe, MEA, North America, and South America) and end-users (oil and gas industry, chemicals and petrochemicals industry, utilities sector, water, and wastewater treatment industry, and others).
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.