Enjoy complimentary customisation on priority with our Enterprise License!
The motor control contactors market size is forecast to increase by USD 68.5 million at a CAGR of 4.36% between 2023 and 2028.
The motor control contactors industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The process industries segment is estimated to witness significant growth during the forecast period.
The Metal Additive Manufacturing Market is witnessing significant growth, particularly in industries such as oil and gas, power, and chemical and petrochemical. In the oil and gas sector, electric motors are increasingly utilized for drilling, mooring, rigs, pumping stations, and draw works. This trend increases the demand for motor control contactors to prevent high currents during switching. Although the oil and gas industry experienced a downturn due to fluctuating oil and gas prices, the recent recovery and stability in crude oil and natural gas prices have prompted companies to invest in new upstream, midstream, and downstream projects.
Motor control circuits, including magnetic contactors, are integral components in the operation of AC motors. These circuits ensure proper starting, stopping, and protecting motors from overcurrent conditions. The use of servo motors and controllers in robotic applications further increases the demand for motor control circuits. In the power industry, AC drives and AC motors are widely used to control the speed and torque of generators and pumps. AC drives are essential for efficient power management and energy savings. The integration of snubber circuits and overcurrent protection devices, such as circuit breakers, fuses, and overload relays, is crucial in ensuring the safe and reliable operation of AC drives and motors.
The chemical and petrochemical industry also relies heavily on electric motors for various applications, including conveyor systems and process control. Motor starters, including pushbutton and motor contactors, are essential components in starting and stopping these motors. Enclosures and wire connections protect these electrical devices from environmental hazards and ensure proper electrical connections. Manufacturing rates in the metal additive manufacturing market are increasing due to advancements in technology and the growing demand for customized and complex components. These advancements include the development of high-performance motors, such as DC motors and electromagnets, and the integration of advanced control systems, such as process control systems and controllers.
In summary, the Metal Additive Manufacturing Market is experiencing growth in various industries, driven by the increasing use of electric motors and the need for efficient motor control. Motor control circuits, including magnetic contactors, motor starters, and AC drives, are essential components in ensuring the safe and reliable operation of these motors. The integration of advanced control systems and the development of high-performance motors are driving manufacturing rates in this market.
The Process industries segment was valued at USD 165.10 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 59% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The global market for motor control contactors witnessed significant growth in 2020, with North America leading the charge. This region's dominance can be attributed to the expansion of key end-user industries, including oil and gas, chemicals and petrochemicals, and automotive. In the automotive sector, Mexico stands out as a significant production hub, benefiting from its proximity to the US and Canada and favorable government policies. Simultaneously, the chemical and petrochemical industry in North America is poised for growth, driven by the initiation of new projects and the burgeoning oil and gas industry in the US. AC motors, a crucial component in motor control contactors, are extensively utilized in these industries.
The manufacturing rates of AC motors have increased due to the rising demand for automation and electrification in various applications. The integration of advanced technologies, such as servo motors and AC drives, has further fueled market growth. These technologies offer enhanced process control, improved torque, and energy efficiency. Moreover, the adoption of single-phasing and overcurrent protection systems ensures the reliable operation of motor control contactors. Motor control contactors are also essential in robotic applications, where they facilitate the precise control of electric motors. These applications include phase winding, millivoltage control, and clamp-on ammeter measurement. The use of magnetic contactors, electromagnets, and relays in motor control systems adds to the overall functionality and efficiency.
In summary, the market is experiencing substantial growth due to the expansion of key end-user industries and the integration of advanced technologies. The demand for motor control contactors in North America, particularly in the automotive and chemical industries, is expected to remain strong during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The motor control contactors market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the motor control contactors market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, motor control contactors market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - This company specializes in motor control solutions, providing advanced technology contactors for various applications. Our product range encompasses 3-pole contactors and overload relays for motor starting and power switching, as well as 4-pole contactors and contactor relays for auxiliary circuit switching. These contactors are engineered for optimal performance and reliability, enhancing search engine exposure for businesses in need of efficient motor control systems.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The motor control market encompasses a diverse range of electrical devices designed to manage the flow of power to electric motors and other rotating machinery. Central to this market are motor control circuits, which regulate the starting, stopping, and speed control of AC and DC motors. These circuits employ various components, such as knife blade switches, current shunt resistors, and magnetic contactors, to ensure efficient and reliable motor operation. Frequency plays a crucial role in motor control, with AC motors responding differently to varying frequencies. Phase winding configurations also impact motor performance, influencing the distribution of current and magnetic field within the motor.
Motor control circuits must be designed to accommodate these factors, ensuring optimal motor performance and overload protection. Current is another essential aspect of motor control, with various components, such as current shunt resistors and clamp-on ammeters, used to measure and regulate the flow of electrical current. Overcurrent protection devices, including circuit breakers, fuses, and overload relays, safeguard motors and electrical systems from damage caused by excessive current. Robotic cells and automation applications have significantly influenced the motor control market, driving the demand for advanced control technologies such as servo motors and AC drives. These technologies offer precise speed control, torque regulation, and improved energy efficiency, making them ideal for applications requiring high levels of process control.
Motor starters and controllers are integral components of motor control systems, facilitating the starting and stopping of AC and DC motors. These devices employ various technologies, including pushbutton starters, magnetic contactors, and snubber circuits, to ensure reliable motor operation and overload protection. IEC standards have established guidelines for motor control components and systems, ensuring interoperability and safety. Thermal characteristics and contact resistance are essential considerations in motor control design, with components such as overload heaters and thermal relays used to manage motor temperatures and prevent damage. Power conductors and wire connections are essential components of motor control systems, ensuring efficient power transfer and minimizing voltage drops.
Enclosures and protective devices, such as fuses and circuit breakers, safeguard motor control components from environmental hazards and electrical overloads. Manufacturing rates and production efficiency are key drivers in the motor control market, with motor control systems designed to optimize manufacturing processes and minimize downtime. Alternating current and magnetic fields are essential considerations in motor control design, with components such as electromagnets and relays used to manage motor operation and control. Ramp-up time and response time are critical factors in motor control applications, with fast response times essential for efficient and effective motor operation. Screw terminals and other wire connection methods ensure secure and reliable electrical connections, while the integration of advanced control technologies, such as microcontrollers and digital signal processing, enables more sophisticated motor control applications.
In summary, the motor control market is characterized by a diverse range of electrical components and systems designed to manage the flow of power to electric motors and other rotating machinery. Motor control circuits employ various components, such as current sensors, overload protection devices, and magnetic contactors, to ensure efficient and reliable motor operation. Robotic applications and automation have significantly influenced the market, driving the demand for advanced control technologies and precise motor control. IEC standards ensure interoperability and safety, while power conductors and wire connections facilitate efficient power transfer and minimize voltage drops. The market is driven by factors such as manufacturing rates, response time, and thermal management, with a focus on optimizing motor performance and minimizing downtime.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Motor Control Contactors Market insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
176 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
|
Market growth 2024-2028 |
USD 68.5 million |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
4.1 |
|
Key countries |
US, China, Canada, Germany, and India |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this motor control contactors market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.