Motor Control Contactors Market Analysis North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Size and Forecast 2023-2027

Published: Sep 2023 Pages: 169 SKU: IRTNTR70373

Motor Control Contactors Market 2023-2027

The motor control contactors market size is estimated to grow at a CAGR of 4.75% between 2022 and 2027. The market size is forecast to increase by USD 72.43 million. The growth of the market depends on several factors such as growing demand for motor protection devices, gradual recovery in upstream activity and replacement of outdated electric motors. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

This report extensively covers market segmentation by end-user (process industries and discrete industries), type (IEC standard and NEMA standard), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. 

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

Motor Control Contactors Market Forecast 2023-2027

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Motor Control Contactors 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. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver- Replacement of outdated electric motors

The adoption of new technology trends, such as the Industrial Internet of Things (IIoT), has driven the replacement of traditional electric motors with smart motors. The IIoT came into existence in 2012 and it gained popularity in industries and achieved momentum after 2016. End-user industries realized that the advantages of implementing the industrial IoT that could arise during implementation are more than the challenges. However, the need to advance market shares and gain advantages over competitors drives the demand for IIoT in end-user industries.

In addition, the adoption of the industrial IoT has given rise to smart equipment and machinery. This helps streamline industrial processes and add high profit margins to industries. Therefore, the need to enable IIoT and streamline industrial processes will fuel the adoption of smart high-voltage motors, which, in turn, will boost the demand for motor control contactors and drive the market growth during the forecast period.

Trends- Emergence of miniature and auxiliary contactors

In combination with the overload relays, miniature contactors are used to control motors and other electric loads remotely and offer them protection. Miniature contactors are ideally best suited for the areas that have a crisis of space. Currently, most manufacturers choose equipment that is compact in size and occupies less space and these miniature contactors are the flattest among all the contactors present in the market and, thus, can be used in all modular and compact applications. Furthermore, the auxiliary contactors are used for protecting a wide range of control circuits.

Moreover, the term auxiliary refers to helper and the term contactor indicates a mechanically operated switch that is used for switching an electric power circuit. Generally, they are used in devices where there is signal switching and defaults. Thus, the emergence of miniature and auxiliary contactors will immensely contribute to the market growth during the forecast period.

Challenge- Intense competition from low-cost Asian manufacturers 

The availability of cheap labour, land, and raw materials has made many Asian countries attractive to investors in the manufacturing sector. Additionally, consumers in the region are investing in power-efficient machinery and solutions. Major motor control contractor vendors are establishing relationships with subcomponent suppliers that offer affordable hardware products. However, over the past few years, there has been a significant increase in cheap imports from China and other Asian countries entering American and European markets. This has made it difficult for established vendors in those regions to succeed in Asian, African, and Middle Eastern markets as Asian manufacturers produce motor control contactors at a significantly lower cost.

Moreover, to address cost-related issues, global vendors should consider horizontal integration through mergers and acquisitions, which will enable them to increase their market shares and explore new territories. Hence, the intense competition from low-cost Asian manufacturers will hinder the growth of the global motor contactors market during the forecast period.

Motor Control Contactors Market Segmentation by End-user, Type and Geography

End-user Segment Analysis:

The process industries segment will account for a major share of the market's growth during the forecast period. In the oil and gas industry, motors are increasingly used for drilling and mooring, as well as in service rigs, pumping stations, and draw works. This leads to expansions in the need for motor control contactors in the industry to eliminate the chances of high currents drawn at the switching.

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The process industries segment was the largest and was valued at USD 163.27 million in 2017. In addition, the increasing emphasis on integrating international standards of safety and quality in industrial plants, the rising requirement for petrochemical products, and expanded investments and projects in India, Indonesia, the UAE, Saudi Arabia, and Brazil will drive the growth of the market. Hence, due to all such factors, the process industries segment in the global motor control contactors market will grow significantly, which in turn drives the market growth during the forecast period. 

Type Segment Analysis:

Based on the type, the market has been segmented into IEC standards and NEMA standards. The IEC standard segment will account for the largest share of this segment. The IEC is a non-profit, non-governmental international standards organization. IEC prepares and publishes international standards for all electrical, electronic, and related technologies. Moreover, original equipment manufacturers (OEM) desire more IEC standard contactors because of the size of the devices, which are smaller and less expensive when compared with NEMA standard contactors. Companies have the option to select their own accessories and integrate them together. Thus, the IEC standard segment will grow in the global control contractors market during the forecast period.

Regional Analysis

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North America is estimated to contribute 50% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. In 2020, North America dominated the global motor control contractor market, mainly owing to the growth of end-user industries such as oil and gas, chemicals and petrochemicals, and automotive in the region. The automotive industry in the region is anticipated to grow with Mexico being a major contributor due to its proximity to the US and Canada, as well as other countries in South America and the presence of favourable government policies and tax incentives. Therefore, for both the international and domestic markets, Mexico is a key production hub for automobiles.

In addition, the increase in investments is owing to the availability of inexpensive feedstock for refineries because of the shale supply glut. The availability of low-cost crude oil increased the profit margins of companies that manufactured petrochemicals in the US as the by-products of crude oil are a key feedstock in the chemical industry. Such factors are expected to drive market growth in the region during the forecast period. 

COVID Recovery Analysis:

In 2020, the outbreak of the COVID-19 pandemic affected sales of prominent industries such as automotive, oil and gas, and power. However, the government initiations, such as conducting massive vaccination drives across the region resulted in the resumption of manufacturing activities. This increased industrial machine maintenance, which stimulated the demand for motor control contractors in North America. The growing demand for smart industrial automation solutions will significantly contribute to the growth of the global motor control contactors market in the region. Thus, the global motor control contactors market in the region will grow significantly during the forecast period.

Who are the Major Motor Control 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 motor control contactors such as AF contactor technology which includes 3 pole contactors and overload relays for motor starting and power switching, 4 pole contactors and contactor relays for auxiliary circuit switching.

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, 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. 

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

  •  End-user Outlook (USD Million, 2017 - 2027)
    • Process industries
    • Discrete industries
  • Type Outlook (USD Million, 2017 - 2027)
    • IEC standard
    • NEMA standard
  • 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

Motor Control Contactors Market Scope

Report Coverage

Details

Page number

169

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.75%

Market growth 2023-2027

USD 72.43 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.83

Regional analysis

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

Performing market contribution

North America at 50%

Key countries

US, Canada, China, India, and Germany

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, 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.

Market dynamics

Parent market analysis, 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

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the motor control contactors market  between 2023 and 2027
  • Precise estimation of the motor control contactors market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of motor control contactors 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 End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • 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 motor control contactors market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global motor control contactors market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type 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 End-user

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

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 46: Chart on Comparison by Type
      • Exhibit 47: Data Table on Comparison by Type
    • 7.3 IEC standard - Market size and forecast 2022-2027
      • Exhibit 48: Chart on IEC standard - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on IEC standard - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on IEC standard - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on IEC standard - Year-over-year growth 2022-2027 (%)
    • 7.4 NEMA standard - Market size and forecast 2022-2027
      • Exhibit 52: Chart on NEMA standard - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on NEMA standard - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on NEMA standard - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on NEMA standard - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 56: Market opportunity by Type ($ million)
      • Exhibit 57: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 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 (%)
    • 9.5 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 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 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 (%)
    • 9.10 Canada - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.11 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 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ million)
      • Exhibit 104: 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 105: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 111: ABB Ltd. - Overview
              • Exhibit 112: ABB Ltd. - Business segments
              • Exhibit 113: ABB Ltd. - Key offerings
              • Exhibit 114: ABB Ltd. - Segment focus
            • 12.4 AMETEK Inc.
              • Exhibit 115: AMETEK Inc. - Overview
              • Exhibit 116: AMETEK Inc. - Business segments
              • Exhibit 117: AMETEK Inc. - Key offerings
              • Exhibit 118: AMETEK Inc. - Segment focus
            • 12.5 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
            • 12.6 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
            • 12.7 Emerson Electric Co.
              • Exhibit 129: Emerson Electric Co. - Overview
              • Exhibit 130: Emerson Electric Co. - Business segments
              • Exhibit 131: Emerson Electric Co. - Key news
              • Exhibit 132: Emerson Electric Co. - Key offerings
              • Exhibit 133: Emerson Electric Co. - Segment focus
            • 12.8 Fuji Electric Co. Ltd.
              • Exhibit 134: Fuji Electric Co. Ltd. - Overview
              • Exhibit 135: Fuji Electric Co. Ltd. - Business segments
              • Exhibit 136: Fuji Electric Co. Ltd. - Key offerings
              • Exhibit 137: Fuji Electric Co. Ltd. - Segment focus
            • 12.9 GlobalSpec LLC
              • Exhibit 138: GlobalSpec LLC - Overview
              • Exhibit 139: GlobalSpec LLC - Product / Service
              • Exhibit 140: GlobalSpec LLC - Key offerings
            • 12.10 Mitsubishi Electric Corp.
              • Exhibit 141: Mitsubishi Electric Corp. - Overview
              • Exhibit 142: Mitsubishi Electric Corp. - Business segments
              • Exhibit 143: Mitsubishi Electric Corp. - Key news
              • Exhibit 144: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 145: Mitsubishi Electric Corp. - Segment focus
            • 12.11 Panasonic Holdings Corp.
              • Exhibit 146: Panasonic Holdings Corp. - Overview
              • Exhibit 147: Panasonic Holdings Corp. - Business segments
              • Exhibit 148: Panasonic Holdings Corp. - Key news
              • Exhibit 149: Panasonic Holdings Corp. - Key offerings
              • Exhibit 150: Panasonic Holdings Corp. - Segment focus
            • 12.12 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
            • 12.13 Schneider Electric SE
              • Exhibit 156: Schneider Electric SE - Overview
              • Exhibit 157: Schneider Electric SE - Business segments
              • Exhibit 158: Schneider Electric SE - Key news
              • Exhibit 159: Schneider Electric SE - Key offerings
              • Exhibit 160: Schneider Electric SE - Segment focus
            • 12.14 Siemens AG
              • Exhibit 161: Siemens AG - Overview
              • Exhibit 162: Siemens AG - Business segments
              • Exhibit 163: Siemens AG - Key news
              • Exhibit 164: Siemens AG - Key offerings
              • Exhibit 165: Siemens AG - Segment focus
            • 12.15 TECO GROUP
              • Exhibit 166: TECO GROUP - Overview
              • Exhibit 167: TECO GROUP - Product / Service
              • Exhibit 168: TECO GROUP - Key offerings
            • 12.16 WEG Equipamentos Eletricos S.A.
              • Exhibit 169: WEG Equipamentos Eletricos S.A. - Overview
              • Exhibit 170: WEG Equipamentos Eletricos S.A. - Business segments
              • Exhibit 171: WEG Equipamentos Eletricos S.A. - Key offerings
              • Exhibit 172: WEG Equipamentos Eletricos S.A. - Segment focus
            • 12.17 Zhejiang CHINT Electrics Co. Ltd.
              • Exhibit 173: Zhejiang CHINT Electrics Co. Ltd. - Overview
              • Exhibit 174: Zhejiang CHINT Electrics Co. Ltd. - Product / Service
              • Exhibit 175: Zhejiang CHINT Electrics Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 176: Inclusions checklist
                • Exhibit 177: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 178: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 179: Research methodology
                • Exhibit 180: Validation techniques employed for market sizing
                • Exhibit 181: Information sources
              • 13.5 List of abbreviations
                • Exhibit 182: 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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