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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

PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY TYPE
Market segmentation by type
Comparison by type
IEC standard - Market size and forecast 2018-2023
NEMA standard - Market size and forecast 2018-2023
Market opportunity by type
PART 07: MARKET SEGMENTATION BY END-USER
Market segmentation by end-user
Comparison by end-user
Process industries - Market size and forecast 2018-2023
Discrete industries - Market size and forecast 2018-2023
Market opportunity by end-user
PART 08: CUSTOMER LANDSCAPE
PART 09: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 12: MARKET TRENDS
Emergence of contactors with universal coil
Growing adoption of intelligent MCC
Emergence of miniature and auxiliary contactors
PART 13: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 14: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
ABB
Danfoss A/S
Eaton
Emerson Electric Co.
Rockwell Automation, Inc.
Schneider Electric
PART 15: APPENDIX
Research methodology
List of abbreviations
PART 16: EXPLORE TECHNAVIO
Exhibit 01: Global industrial automation and communication market
Exhibit 02: Segments of global industrial automation and communication market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Type - Market share 2018-2023 (%)
Exhibit 18: Comparison by type
Exhibit 19: IEC standard - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: IEC standard - Year-over-year growth 2019-2023 (%)
Exhibit 21: NEMA standard - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: NEMA standard - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by type
Exhibit 24: End-user - Market share 2018-2023 (%)
Exhibit 25: Comparison by end-user
Exhibit 26: Process industries - Market size and forecast 2018-2023 ($ millions)
Exhibit 27: Process industries - Year-over-year growth 2019-2023 (%)
Exhibit 28: Discrete industries - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: Discrete industries - Year-over-year growth 2019-2023 (%)
Exhibit 30: Market opportunity by end-user
Exhibit 31: Customer landscape
Exhibit 32: Market share by geography 2018-2023 (%)
Exhibit 33: Geographic comparison
Exhibit 34: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: North America - Year-over-year growth 2019-2023 (%)
Exhibit 36: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 38: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 40: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 41: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 42: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 43: South America - Year-over-year growth 2019-2023 (%)
Exhibit 44: Key leading countries
Exhibit 45: Market opportunity
Exhibit 46: Impact of drivers and challenges
Exhibit 47: Advantages of miniature and auxiliary contactors
Exhibit 48: Vendor landscape
Exhibit 49: Landscape disruption
Exhibit 50: Vendors covered
Exhibit 51: Vendor classification
Exhibit 52: Market positioning of vendors
Exhibit 53: ABB - Vendor overview
Exhibit 54: ABB - Business segments
Exhibit 55: ABB - Organizational developments
Exhibit 56: ABB - Geographic focus
Exhibit 57: ABB - Segment focus
Exhibit 58: ABB - Key offerings
Exhibit 59: Danfoss A/S - Vendor overview
Exhibit 60: Danfoss A/S - Business segments
Exhibit 61: Danfoss A/S - Organizational developments
Exhibit 62: Danfoss A/S - Geographic focus
Exhibit 63: Danfoss A/S - Segment focus
Exhibit 64: Danfoss A/S - Key offerings
Exhibit 65: Eaton - Vendor overview
Exhibit 66: Eaton - Business segments
Exhibit 67: Eaton - Organizational developments
Exhibit 68: Eaton - Geographic focus
Exhibit 69: Eaton - Segment focus
Exhibit 70: Eaton - Key offerings
Exhibit 71: Emerson Electric Co. - Vendor overview
Exhibit 72: Emerson Electric Co. - Business segments
Exhibit 73: Emerson Electric Co. - Organizational developments
Exhibit 74: Emerson Electric Co. - Geographic focus
Exhibit 75: Emerson Electric Co. - Segment focus
Exhibit 76: Emerson Electric Co. - Key offerings
Exhibit 77: Rockwell Automation, Inc. - Vendor overview
Exhibit 78: Rockwell Automation, Inc. - Business segments
Exhibit 79: Rockwell Automation, Inc. - Organizational developments
Exhibit 80: Rockwell Automation, Inc. - Geographic focus
Exhibit 81: Rockwell Automation, Inc. - Segment focus
Exhibit 82: Rockwell Automation, Inc. - Key offerings
Exhibit 83: Schneider Electric - Vendor overview
Exhibit 84: Schneider Electric - Business segments
Exhibit 85: Schneider Electric - Organizational developments
Exhibit 86: Schneider Electric - Geographic focus
Exhibit 87: Schneider Electric - Segment focus
Exhibit 88: Schneider Electric - Key offerings
Exhibit 89: Validation techniques employed for market sizing

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