The global definite purpose contactors market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030 from USD 2.6 billion in 2018. The growth of this market is driven by the increasing demand for compact type definite purpose contactors in HVAC and air conditioning applications, which are used for controlling the flow of power to heating and cooling systems, as well as standard type definite purpose contactors in pump and compressor applications, which are used for controlling the flow of power to pumps and compressors.
North America is expected to be the largest regional market for definite purpose contactors during the forecast period due to its high adoption rate of HVAC systems with compact type definite purpose contactors in North America region followed by Europe region owing to its high adoption rate of HVAC systems with standard type definite purpose contactors in Europe region.
Some Of The Growth Factors Of This Market:
- Increasing demand for energy efficient products.
- Increasing demand for renewable energy sources.
- Growing need to reduce carbon emissions.
- Rising awareness about the benefits of using renewable energy sources.
- Increasing number of power outages.
Industry Growth Insights published a new data on “Definite Purpose Contactors Market”. The research report is titled “Definite Purpose Contactors Market research by Types (Compact Type Definite Purpose Contactors, Standard Type Definite Purpose Contactors), By Applications (HVAC and Air Conditioning, Pump and Compressor, Elevators and Cranes, Heating and Lighting, Food and Beverage, Others), By Players/Companies Schneider Electric, Rockwell Automation, Eaton, GE Industrial, ABB, Siemens, Honeywell, TE Connectivity, Mitsubishi Electric, Shihlin Electric, Chromalox, Carlo Gavazzi, Lovato Electric, Chint Electric, Hartland Controls, Zettler Controls, NHD Industrial, Hongfa”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Definite Purpose Contactors Market Research Report
By Type
Compact Type Definite Purpose Contactors, Standard Type Definite Purpose Contactors
By Application
HVAC and Air Conditioning, Pump and Compressor, Elevators and Cranes, Heating and Lighting, Food and Beverage, Others
By Companies
Schneider Electric, Rockwell Automation, Eaton, GE Industrial, ABB, Siemens, Honeywell, TE Connectivity, Mitsubishi Electric, Shihlin Electric, Chromalox, Carlo Gavazzi, Lovato Electric, Chint Electric, Hartland Controls, Zettler Controls, NHD Industrial, Hongfa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Definite Purpose Contactors Market Report Segments:
The global Definite Purpose Contactors market is segmented on the basis of:
Types
Compact Type Definite Purpose Contactors, Standard Type Definite Purpose Contactors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
HVAC and Air Conditioning, Pump and Compressor, Elevators and Cranes, Heating and Lighting, Food and Beverage, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schneider Electric
- Rockwell Automation
- Eaton
- GE Industrial
- ABB
- Siemens
- Honeywell
- TE Connectivity
- Mitsubishi Electric
- Shihlin Electric
- Chromalox
- Carlo Gavazzi
- Lovato Electric
- Chint Electric
- Hartland Controls
- Zettler Controls
- NHD Industrial
- Hongfa
Highlights of The Definite Purpose Contactors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Compact Type Definite Purpose Contactors
- Standard Type Definite Purpose Contactors
- By Application:
- HVAC and Air Conditioning
- Pump and Compressor
- Elevators and Cranes
- Heating and Lighting
- Food and Beverage
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Definite Purpose Contactors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Definite Purpose Contactors are a type of contactor that is designed to be used in applications where precise and repeatable motion is required. Definite Purpose Contactors are often used in industrial settings, such as manufacturing plants and production lines, where precision and accuracy are essential.
Some of the major companies in the definite purpose contactors market are Schneider Electric, Rockwell Automation, Eaton, GE Industrial, ABB, Siemens, Honeywell, TE Connectivity, Mitsubishi Electric, Shihlin Electric, Chromalox, Carlo Gavazzi, Lovato Electric, Chint Electric, Hartland Controls, Zettler Controls, NHD Industrial, Hongfa.
The definite purpose contactors market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Definite Purpose Contactors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Definite Purpose Contactors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Definite Purpose Contactors Market - Supply Chain
4.5. Global Definite Purpose Contactors Market Forecast
4.5.1. Definite Purpose Contactors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Definite Purpose Contactors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Definite Purpose Contactors Market Absolute $ Opportunity
5. Global Definite Purpose Contactors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Definite Purpose Contactors Market Size and Volume Forecast by Type
5.3.1. Compact Type Definite Purpose Contactors
5.3.2. Standard Type Definite Purpose Contactors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Definite Purpose Contactors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Definite Purpose Contactors Market Size and Volume Forecast by Application
6.3.1. HVAC and Air Conditioning
6.3.2. Pump and Compressor
6.3.3. Elevators and Cranes
6.3.4. Heating and Lighting
6.3.5. Food and Beverage
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Definite Purpose Contactors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Definite Purpose Contactors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Definite Purpose Contactors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Definite Purpose Contactors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Definite Purpose Contactors Demand Share Forecast, 2019-2026
9. North America Definite Purpose Contactors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Definite Purpose Contactors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Definite Purpose Contactors Market Size and Volume Forecast by Application
9.4.1. HVAC and Air Conditioning
9.4.2. Pump and Compressor
9.4.3. Elevators and Cranes
9.4.4. Heating and Lighting
9.4.5. Food and Beverage
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Definite Purpose Contactors Market Size and Volume Forecast by Type
9.7.1. Compact Type Definite Purpose Contactors
9.7.2. Standard Type Definite Purpose Contactors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Definite Purpose Contactors Demand Share Forecast, 2019-2026
10. Latin America Definite Purpose Contactors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Definite Purpose Contactors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Definite Purpose Contactors Market Size and Volume Forecast by Application
10.4.1. HVAC and Air Conditioning
10.4.2. Pump and Compressor
10.4.3. Elevators and Cranes
10.4.4. Heating and Lighting
10.4.5. Food and Beverage
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Definite Purpose Contactors Market Size and Volume Forecast by Type
10.7.1. Compact Type Definite Purpose Contactors
10.7.2. Standard Type Definite Purpose Contactors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Definite Purpose Contactors Demand Share Forecast, 2019-2026
11. Europe Definite Purpose Contactors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Definite Purpose Contactors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Definite Purpose Contactors Market Size and Volume Forecast by Application
11.4.1. HVAC and Air Conditioning
11.4.2. Pump and Compressor
11.4.3. Elevators and Cranes
11.4.4. Heating and Lighting
11.4.5. Food and Beverage
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Definite Purpose Contactors Market Size and Volume Forecast by Type
11.7.1. Compact Type Definite Purpose Contactors
11.7.2. Standard Type Definite Purpose Contactors
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Definite Purpose Contactors Demand Share, 2019-2026
12. Asia Pacific Definite Purpose Contactors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Definite Purpose Contactors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Definite Purpose Contactors Market Size and Volume Forecast by Application
12.4.1. HVAC and Air Conditioning
12.4.2. Pump and Compressor
12.4.3. Elevators and Cranes
12.4.4. Heating and Lighting
12.4.5. Food and Beverage
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Definite Purpose Contactors Market Size and Volume Forecast by Type
12.7.1. Compact Type Definite Purpose Contactors
12.7.2. Standard Type Definite Purpose Contactors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Definite Purpose Contactors Demand Share, 2019-2026
13. Middle East & Africa Definite Purpose Contactors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Definite Purpose Contactors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Definite Purpose Contactors Market Size and Volume Forecast by Application
13.4.1. HVAC and Air Conditioning
13.4.2. Pump and Compressor
13.4.3. Elevators and Cranes
13.4.4. Heating and Lighting
13.4.5. Food and Beverage
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Definite Purpose Contactors Market Size and Volume Forecast by Type
13.7.1. Compact Type Definite Purpose Contactors
13.7.2. Standard Type Definite Purpose Contactors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Definite Purpose Contactors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Definite Purpose Contactors Market: Market Share Analysis
14.2. Definite Purpose Contactors Distributors and Customers
14.3. Definite Purpose Contactors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schneider Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rockwell Automation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eaton
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GE Industrial
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ABB
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Siemens
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Honeywell
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TE Connectivity
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mitsubishi Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shihlin Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Chromalox
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Carlo Gavazzi
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Lovato Electric
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Chint Electric
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hartland Controls
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Zettler Controls
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. NHD Industrial
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hongfa
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
