Global Motor Control Contactors Market 2019-2023 | Evolving Opportunities with ABB and Eaton | Technavio

Technavio announced its latest market research report titled global motor control contactors market 2019-2023. (Graphic: Business Wire)

LONDON--()--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

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".

https://www.technavio.com/report/global-motor-control-contactors-market-industry-analysis

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.

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Major Five Motor Control Contactors Market Companies:

ABB

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

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

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.

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Motor Control Contactors Type Outlook (Revenue, USD Million, 2019 - 2023)

  • IEC standard
  • NEMA standard

Motor Control Contactors Regional Outlook (Revenue, USD Million, 2019 - 2023)

  • APAC
  • Europe
  • MEA
  • 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).

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com

Release Summary

The global motor control contactors market is poised to grow by USD 181.08 million during 2019-2023, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com