Global Motor Control Contactors Market 2019-2023

Global Motor Control Contactors Market 2019-2023

About this market

Faults in motors (electronic or mechanical), transmission lines, and other expensive equipment can prove expensive for companies, as this may lead to loss of production repair of equipment, loss of raw materials, and non-quality production and delivery. Moreover, the adoption of drives and motor control systems is increasing in many end-user industries to have a continuous monitoring of the devices from any productivity losses. The adoption of such contactors helps protect electric motors from high voltage and current fluctuations and ensure optimal performance in heavy-duty industrial applications. In addition, motor control contactors, within the industrial setup, are also used for power factor correction. The contactor draws the current directly from the power line supply located near the load. Hence, the growing benefits of motor control contactors for increasing the overall life span of industrial motors drive the market. Technavio’s analysts have predicted that the motor control contactors market will register a CAGR of almost 6% by 2023.

Market Overview

Gradual recovery in upstream activity

The rise in the number of projects is attributed to the stabilization of the crude oil price, which has increased the profit margins of the drilling and production companies. The increases the deployment of motor control contactors for eliminating the chances of high current drawn at the switching. Hence, the recovery of the oil and gas industry will propel the growth of the market during the forecast period.

Intense competition from low-cost Asian manufacturers

Asian countries are known for the easy availability of low-cost labor, land, and raw materials. Hence, these countries attract substantial investments in the manufacturing sector. Most of the prominent vendors of motor control contactors are focusing on building relationships with subcomponent suppliers that offer economical hardware products in the market.

For the detailed list of factors that will drive and challenge the growth of the motor control contactors market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Motor Control Contactors Market 2019-2023

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing adoption of intelligence MCC.”

According to the report, one of the major drivers for this market is the replacement of outdated electric motors.

Further, the report states that one of the major factors hindering the growth of this market is the presence of such alternative devices will hamper the sales of motor control contractors during our forecast period.

Companies Mentioned

ABB
Danfoss A/S
Eaton
Emerson Electric Co.
Rockwell Automation Inc.
Schneider Electric

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global industrial automation and communication market
      • Table Segments of global industrial automation and communication market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • IEC standard - Market size and forecast 2018-2023
      • Table IEC standard - Market size and forecast 2018-2023 ($ millions)
      • Table IEC standard - Year-over-year growth 2019-2023 (%)
    • NEMA standard - Market size and forecast 2018-2023
      • Table NEMA standard - Market size and forecast 2018-2023 ($ millions)
      • Table NEMA standard - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Process industries - Market size and forecast 2018-2023
      • Table Process industries - Market size and forecast 2018-2023 ($ millions)
      • Table Process industries - Year-over-year growth 2019-2023 (%)
    • Discrete industries - Market size and forecast 2018-2023
      • Table Discrete industries - Market size and forecast 2018-2023 ($ millions)
      • Table Discrete industries - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision Framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Emergence of contactors with universal coil
    • Growing adoption of intelligent MCC
    • Emergence of miniature and auxiliary contactors
      • Table Advantages of miniature and auxiliary contactors
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB
      • Table ABB - Vendor overview
      • Table ABB - Business segments
      • Table ABB - Organizational developments
      • Table ABB - Geographic focus
      • Table ABB - Segment focus
      • Table ABB - Key offerings
    • Danfoss A/S
      • Table Danfoss A/S - Vendor overview
      • Table Danfoss A/S - Business segments
      • Table Danfoss A/S - Organizational developments
      • Table Danfoss A/S - Geographic focus
      • Table Danfoss A/S - Segment focus
      • Table Danfoss A/S - Key offerings
    • Eaton
      • Table Eaton - Vendor overview
      • Table Eaton - Business segments
      • Table Eaton - Organizational developments
      • Table Eaton - Geographic focus
      • Table Eaton - Segment focus
      • Table Eaton - Key offerings
    • Emerson Electric Co.
      • Table Emerson Electric Co. - Vendor overview
      • Table Emerson Electric Co. - Business segments
      • Table Emerson Electric Co. - Organizational developments
      • Table Emerson Electric Co. - Geographic focus
      • Table Emerson Electric Co. - Segment focus
      • Table Emerson Electric Co. - Key offerings
    • Rockwell Automation, Inc.
      • Table Rockwell Automation, Inc. - Vendor overview
      • Table Rockwell Automation, Inc. - Business segments
      • Table Rockwell Automation, Inc. - Organizational developments
      • Table Rockwell Automation, Inc. - Geographic focus
      • Table Rockwell Automation, Inc. - Segment focus
      • Table Rockwell Automation, Inc. - Key offerings
    • Schneider Electric
      • Table Schneider Electric - Vendor overview
      • Table Schneider Electric - Business segments
      • Table Schneider Electric - Organizational developments
      • Table Schneider Electric - Geographic focus
      • Table Schneider Electric - Segment focus
      • Table Schneider Electric - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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