Contactors Market by Type, End-user and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 151 SKU: IRTNTR75996

Contactors Market Forecast 2023 -2027

The contactors market size is estimated to grow by USD 301.02 million at a CAGR of 6.72% between 2022 and 2027. The growth of the market depends on several factors, such as the growing demand for motor protection devices, the stringent government regulations to promote energy conservation and the proliferation of smart grids and automation technologies. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the size of the Contactors Market During the Forecast Period?

Market Forecast 2023-2027

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Market Dynamic

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.   

Key Driver - Growing demand for motor protection devices

Defects in motors, transmission lines, and other expensive equipment can prove expensive for companies, as such defects may result in loss of production, repair of equipment, loss of raw materials, and poor quality production and delivery. In addition, the adoption of drives and motor control systems is growing in many end-user industries, prompted by the demand for the ongoing monitoring of devices to control productivity losses. Under such a scenario, they are used for switching high-load power in industrial motors. The adoption of such contractors helps shield motors from high voltage and current fluctuations and guarantees their optimal performance in heavy-duty industrial applications.

Generally, the power factor can be defined as the measure of distribution efficiency. When there is an imbalance in the power factor, the power utility must emphasize delivering more reactive power to lower the energy cost and the risk of system failure. In such a scenario, contractors act as reactive power generators and help lower the total amount of current drawn from the utility. In addition, contractors help eliminate an undesirable number of harmonics in the main power line, controlling the resonance phenomenon and preventing ripples in the power network. Further, the contactor draws the current directly from the power line supply located near the load and it is remote from the distribution board and is fixed on a sub-distribution board, which tends to restrict the charging current. Therefore, the rising advantages in increasing the overall lifespan of industrial motors drive the market and such factors are expected to drive the market growth during the forecast period.

Major Trends - Emergence of miniature and auxiliary contactors

In combination with overload relays, miniature contactors are used to control motors and other electrical loads remotely and offer them protection. They are best suited in areas or applications that face space constraints. Currently, most manufacturers choose equipment that is compact in size and occupies less space. Among all the contactors present in the market, these miniatures are the flattest and therefore, can be used in all modular and compact applications.

Furthermore, auxiliary contactors are used for shielding a wide range of control circuits. While the contractor refers to a mechanically operated switch that is used for switching a power circuit. They are mainly used in devices where there is signal switching and defaults. Therefore, the emergence of miniature and auxiliary contactors will boost the growth of the global market during the forecast period.

Significant Challenge- Technical limitations of contactors

The significant factor impeding the growth of the global market is their operational and technical limitations. Failure in the opening caused by open circuit coils due to aging is an example of an operational challenge. In addition, the life expectancy of a contractor is a major concern among end-users. Their lifespan decreases because the contacts open and close frequently. The opening and closing of the contacts create an electric arc, which can generate extra heat.

Moreover, the continuous production of these arcs can damage the contact surface. Also, the electrical arcs cause pitting and burn marks, which eventually blacken the contacts. Therefore, it is essential to replace the contacts when they wear out and get corroded to a large extent. End-users find it hard to retain continuity in operations because of the frequent replacements of contractors. Such factors are expected to hinder market growth during the forecast period.

Market Segmentation by Type, End-user, Geography 

Type Segment Analysis:

The AC contractors segment is witnessing significant growth momentum driven by the demand from various end-user industries. AC contractors are used in a wide range of applications, such as HVAC systems, aerospace, automotive, and several others, due to their ability to provide accurate and reliable torque control.

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The AC contractors segment was valued at USD 395.04 million in 2017 and continued to grow until 2021. The rising popularity of EVs among consumers around the world is a significant factor in driving the demand for AC contractors in EVs. Increasing investments in EV manufacturing and the growing demand for energy-efficient engines are among the most influential growth factors. In addition, key players are expected to increase their R&D investments in advanced vehicle systems, such as artificial intelligence (AI), connected vehicle technology, vehicle battery technology, and fast charging technology. Technological advances in EVs are expected to drive the demand for AC contractors, which will drive the growth of the AC contractors segment of the market during the forecast period.

End-User Segment Analysis:

The demand for residential buildings is growing globally, such as independent houses and apartments, due to the rapid increase in population and urbanization. To meet the power needs of residents, these residential buildings require efficient control and distribution systems. They are the key components in residential systems, as they allow reliable and safe switching of power to different household appliances and devices. Also, they are used in lighting control, motor control for pumps and fans, home security systems, HVAC systems, and other household applications. The rising number of residential buildings across the world is driving the growth of the residential segment of the global market during the forecast period.

Regional Analysis

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APAC is estimated to account for 43% of the global market growth. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. In 2022, APAC dominated the contractors market and accounted for the largest share of revenue. This is due to the new advancements in the agricultural sector and large investments in industrialization in countries such as China, India, South Korea, and Australia. In addition, the rising production and sales of EVs in countries such as China and Japan and the presence of established OEMs such as Honda Motor Co., Ltd., Hyundai Motor Company, Toyota Industries Corporation, and Nissan Motor Corporation are expected to boost the growth of the regional market during the forecast period.

Who are the Major Contactors Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd. - The company offers the ACS800, the ACS550, and the ACS380.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

ABB Ltd., AMETEK Inc., Danfoss AS, Eaton Corp. Plc, Furukawa Electric Co. Ltd., HIMEL Hong Kong LTD., ISKRA elektro in sistemske resitve d.o.o, Kohler Co., Kunshan GuoLi Electronic Technology Co. Ltd., Legrand SA, LOVATO Electric Spa, LS ELECTRIC Co. Ltd., Rockwell Automation Inc., Sassin International Electric Shanghai Co. Ltd., Schneider Electric SE, Siemens AG, Zhejiang CHINT Electrics Co. Ltd., Hubbell Inc., Mitsubishi Electric Corp., and Schaltbau Holding AG

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • AC contactors
    • DC contactors
  • End-user Outlook (USD Million, 2017 - 2027)
    • Residential
    • Commercial
    • Industrial
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is being driven by the increasing adoption of Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs), fueled by rising fuel prices and the push from government bodies towards emobility to reduce vehicle pollution and dependency on crude oil. Automotive manufacturers are increasingly using high voltage battery systems and integrating them into a high voltage network supported by renewable energy projects such as Solar energy and PV plants.

In the Asia Pacific region, rapid urbanization rates and increasing electricity demand are boosting the market. The Contactors market is segmented by product type, including DC contactors, which are crucial for power distribution networks and various end-use applications like automotive systems. Major players in the market include Volkswagen Group, BMW, Daimler, Delphi, Ford, and Renault. The market is expected to grow at the fastest CAGR in regions with rising per capita income and strong demand for electric vehicles, with key players like Medtronic Inc, Abbott Laboratories, Stryker Corporation, Siemens Electric, Allied Electronics & Automation offering products like the Easy TeSys product line and Silver PowerSeal contactors with high short-circuit ratings.

Contactors Market Scope

Report Coverage

Details

Page number

151

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.72%

Market growth 2023-2027

USD 301.02 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.23

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 43%

Key countries

US, Canada, China, Germany, and the UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., AMETEK Inc., Danfoss AS, Eaton Corp. Plc, Furukawa Electric Co. Ltd., HIMEL Hong Kong LTD., ISKRA elektro in sistemske resitve d.o.o, Kohler Co., Kunshan GuoLi Electronic Technology Co. Ltd., Legrand SA, LOVATO Electric Spa, LS ELECTRIC Co. Ltd., Rockwell Automation Inc., Sassin International Electric Shanghai Co. Ltd., Schneider Electric SE, Siemens AG, Zhejiang CHINT Electrics Co. Ltd., Hubbell Inc., Mitsubishi Electric Corp., and Schaltbau Holding AG

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global contactors market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global contactors market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 AC contactors - Market size and forecast 2022-2027
      • Exhibit 34: Chart on AC contactors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on AC contactors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on AC contactors - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on AC contactors - Year-over-year growth 2022-2027 (%)
    • 6.4 DC contactors - Market size and forecast 2022-2027
      • Exhibit 38: Chart on DC contactors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on DC contactors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on DC contactors - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on DC contactors - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)
      • Exhibit 43: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 46: Chart on Comparison by End-user
      • Exhibit 47: Data Table on Comparison by End-user
    • 7.3 Residential - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Residential - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 7.4 Commercial - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • 7.5 Industrial - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by End-user
      • Exhibit 60: Market opportunity by End-user ($ million)
      • Exhibit 61: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Canada - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 115: ABB Ltd. - Overview
              • Exhibit 116: ABB Ltd. - Business segments
              • Exhibit 117: ABB Ltd. - Key offerings
              • Exhibit 118: ABB Ltd. - Segment focus
            • 12.4 Danfoss AS
              • Exhibit 119: Danfoss AS - Overview
              • Exhibit 120: Danfoss AS - Business segments
              • Exhibit 121: Danfoss AS - Key news
              • Exhibit 122: Danfoss AS - Key offerings
              • Exhibit 123: Danfoss AS - Segment focus
            • 12.5 Eaton Corp. Plc
              • Exhibit 124: Eaton Corp. Plc - Overview
              • Exhibit 125: Eaton Corp. Plc - Business segments
              • Exhibit 126: Eaton Corp. Plc - Key news
              • Exhibit 127: Eaton Corp. Plc - Key offerings
              • Exhibit 128: Eaton Corp. Plc - Segment focus
            • 12.6 Furukawa Electric Co. Ltd.
              • Exhibit 129: Furukawa Electric Co. Ltd. - Overview
              • Exhibit 130: Furukawa Electric Co. Ltd. - Product / Service
              • Exhibit 131: Furukawa Electric Co. Ltd. - Key offerings
            • 12.7 HIMEL HONG KONG LTD.
              • Exhibit 132: HIMEL HONG KONG LTD. - Overview
              • Exhibit 133: HIMEL HONG KONG LTD. - Product / Service
              • Exhibit 134: HIMEL HONG KONG LTD. - Key offerings
            • 12.8 ISKRA elektro in sistemske resitve d.o.o
              • Exhibit 135: ISKRA elektro in sistemske resitve d.o.o - Overview
              • Exhibit 136: ISKRA elektro in sistemske resitve d.o.o - Product / Service
              • Exhibit 137: ISKRA elektro in sistemske resitve d.o.o - Key offerings
            • 12.9 Legrand SA
              • Exhibit 138: Legrand SA - Overview
              • Exhibit 139: Legrand SA - Business segments
              • Exhibit 140: Legrand SA - Key offerings
              • Exhibit 141: Legrand SA - Segment focus
            • 12.10 LOVATO Electric Spa
              • Exhibit 142: LOVATO Electric Spa - Overview
              • Exhibit 143: LOVATO Electric Spa - Product / Service
              • Exhibit 144: LOVATO Electric Spa - Key offerings
            • 12.11 LS ELECTRIC Co. Ltd.
              • Exhibit 145: LS ELECTRIC Co. Ltd. - Overview
              • Exhibit 146: LS ELECTRIC Co. Ltd. - Product / Service
              • Exhibit 147: LS ELECTRIC Co. Ltd. - Key offerings
            • 12.12 Mitsubishi Electric Corp.
              • Exhibit 148: Mitsubishi Electric Corp. - Overview
              • Exhibit 149: Mitsubishi Electric Corp. - Key news
              • Exhibit 150: Mitsubishi Electric Corp. - Key offerings
            • 12.13 Rockwell Automation Inc.
              • Exhibit 151: Rockwell Automation Inc. - Overview
              • Exhibit 152: Rockwell Automation Inc. - Business segments
              • Exhibit 153: Rockwell Automation Inc. - Key news
              • Exhibit 154: Rockwell Automation Inc. - Key offerings
              • Exhibit 155: Rockwell Automation Inc. - Segment focus
            • 12.14 Sassin International Electric Shanghai Co. Ltd.
              • Exhibit 156: Sassin International Electric Shanghai Co. Ltd. - Overview
              • Exhibit 157: Sassin International Electric Shanghai Co. Ltd. - Product / Service
              • Exhibit 158: Sassin International Electric Shanghai Co. Ltd. - Key offerings
            • 12.15 Schneider Electric SE
              • Exhibit 159: Schneider Electric SE - Overview
              • Exhibit 160: Schneider Electric SE - Business segments
              • Exhibit 161: Schneider Electric SE - Key news
              • Exhibit 162: Schneider Electric SE - Key offerings
              • Exhibit 163: Schneider Electric SE - Segment focus
            • 12.16 Siemens AG
              • Exhibit 164: Siemens AG - Overview
              • Exhibit 165: Siemens AG - Business segments
              • Exhibit 166: Siemens AG - Key news
              • Exhibit 167: Siemens AG - Key offerings
              • Exhibit 168: Siemens AG - Segment focus
            • 12.17 Zhejiang CHINT Electrics Co. Ltd.
              • Exhibit 169: Zhejiang CHINT Electrics Co. Ltd. - Overview
              • Exhibit 170: Zhejiang CHINT Electrics Co. Ltd. - Product / Service
              • Exhibit 171: Zhejiang CHINT Electrics Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 172: Inclusions checklist
                • Exhibit 173: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 174: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 175: Research methodology
                • Exhibit 176: Validation techniques employed for market sizing
                • Exhibit 177: Information sources
              • 13.5 List of abbreviations
                • Exhibit 178: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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