Motor Control Contactors Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70373
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The motor control contactors market has the potential to grow by USD 148.95 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.91%.

This motor control contactors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report provides extensive insights on segmentation by end-user (process industries and discrete industries), type (IEC standard and NEMA standard), and geography (North America, APAC, Europe, MEA, and South America). The motor control contactors market report also offers information on several market vendors, including ABB Ltd., Eaton Corporation Plc, and Emerson Electric Co., among others.

What will the Motor Control Contactors Market Size be in 2021?

Motor-Control-Contactors-Market-Market-Size-2020-2025

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Motor Control Contactors Market: Key Drivers and Trends

The growing demand for motor protection devices is notably driving the motor control contactors market growth, although factors such as technical limitations of contactors may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the motor control contactors industry get your FREE report sample now.

  • The growing demand for motor protection devices is one of the primary factors that is driving the growth of the motor control contactors market in the upcoming years.
  • The adoption of motor control systems is increasing in several end-user industries to have continuously monitor devices.
  • Motor control contactors are used to protect electric motors from high voltage and current fluctuations to ensure optimal performance in heavy-duty industrials applications.
  • Contractors also help in eliminating an undesirable number of harmonics in the main power line, avoiding resonance phenomenon, and controlling ripples in an electric power network. 
  • Intelligent MCCs (iMCCs) are gaining popularity as they act as power switching devices and help in overload protection and short circuits.
  • iMCCs not only protect the motor system but also increase efficiency by ensuring the reduction in motor breakdowns because of short circuits and voltage overloads.
  • iMCCs enable real-time monitoring, predictive maintenance, and advanced diagnostics.
  • With the awareness about these benefits, it is anticipated that end-user industries will focus on replacing traditional MCCs with iMCCs.

This motor control contactors market analysis report also provides detailed information on upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Motor Control Contactors Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Eaton Corporation Plc
  • Emerson Electric Co.
  • Fuji Electric Co. Ltd.
  • Mitsubishi Electric Corp.
  • Panasonic Corp.
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • WEG Equipamentos Eletricos SA

 

The motor control contactors market is fragmented and the vendors are deploying growth strategies such as focusing on the expansion of their customized solutions based on the user's requirements to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the motor control contactors market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Motor Control Contactors Market?

Motor-Control-Contactors-Market-Market-Share-by-Region-2020-2025

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37% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for motor control contactors in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

Rising offshore and onshore oil and gas activities and significant investments in the downstream sector will facilitate the motor control contractors market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Motor Control Contactors Market?

Motor-Control-Contactors-Market-Market-Share-by-End-2020-2025

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The motor control contractors market share growth by the process industries segment will be significant during the forecast period. The oil and gas industry dominated this market, followed by the power and chemical and petrochemical industries. The growth in the chemical and petrochemical industry will drive the demand for motor control contactors during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the motor control contactors market size.

 

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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive motor control contactors market growth during the next five years
  • Precise estimation of the motor control contactors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the motor control contactors industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of motor control contactors market vendors

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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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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The motor control contactors market growth will increase by $148.95 million during 2020-2025.
The motor control contactors market is expected to grow at a CAGR of 4.91% during 2020-2025.
Technavio has segmented the motor control contactors market by end user (Process industries and Discrete industries) ,type (IEC Standard and NEMA Standard) , and geographic (North America, APAC, Europe, MEA, and South America).
ABB Ltd., Eaton Corporation Plc, Emerson Electric Co., Fuji Electric Co. Ltd., Mitsubishi Electric Corp., Panasonic Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, WEG Equipamentos Eletricos SA are a few of the key vendors in the motor control contactors market.
APAC will register the highest growth rate of 37.25% among the other regions. Therefore, the motor control contactors market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the motor control contactors market growth are:
  • Growing demand for motor protection devices
The motor control contactors market vendors should focus on grabbing business opportunities from the process industries segment as it accounted for the largest market share in the base year.
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