Market Overview:
The global AC contactors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient equipment and appliances, rising investments in renewable energy projects, and growing industrialization and urbanization across the globe. The global AC contactors market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into electromagnetic contactor and permanent magnet contactor. The electromagnetic contactor segment dominates this market owing to its high efficiency and reliability as compared to other types of AC contactors available in the market. On the basis of application, motor applications account for a major share of this market followed by power switching applications. The growth in motor applications can be attributed to increasing demand for electric vehicles (EVs) globally coupled with stringent government regulations mandating their adoption across various countries worldwide.
Product Definition:
An AC contactor is a switch that is used to control the flow of electricity to an electrical load. The AC contactor can be used to start and stop an electrical load, or it can be used to regulate the amount of current that flows through the load.
Electromagnetic Contactor:
An electromagnetic contactor is a switching device used to interrupt an electric circuit. It consists of two conductors, one of which is normally closed and the other normally open. By changing the relative position of these conductors, AC or DC current can be interrupted in any desired sequence.
Permanent Magnet Contactor:
Permanent magnet contactors are used in power systems to alter the current and voltage characteristics of electrical energy. They are mainly used for controlling and metering electric power, as well as for switching different types of loads. Permanent magnet contactors can be single-phase or three-phase devices depending on their application requirements.
Application Insights:
The motor application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. The growing demand for electric motors across various end-use industries, such as industrial, commercial and residential applications is expected to drive the product demand in this segment. In addition, increasing investments by foreign players in order to develop manufacturing facilities in India and China are anticipated to propel industry expansion over the next eight years.
Power switching was one of the prominent segments that accounted for a considerable market share owing to its rising use across numerous end-use industries including automotive and construction where high reliability is required from electrical components operating at high speed with low power consumption levels.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electric motors and power switching applications in emerging economies, such as China and India. The growing manufacturing sector in these countries will drive product demand further. Moreover, rising investments by governments in building smart cities are likely to boost the installation of AC contactors across various industries, thereby driving the Asia Pacific market over the forecast period.
The Europe contactor industry is highly fragmented on account of numerous small & medium enterprises that cater to domestic markets only or export mainly within Europe itself.
Growth Factors:
- Increasing demand for energy-efficient appliances and equipment
- Rapid industrialization and urbanization in developing countries
- Growing investments in renewable energy sources
- Proliferation of smart grids and automation technologies
- Stringent government regulations for energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
AC Contactors Market Research Report
By Type
Electromagnetic Contactor, Permanent Magnet Contactor
By Application
Motor Application, Power Switching, Other
By Companies
Rockwell, Eaton, ABB, Schneider Electric, Mitsubishi Electric, ETI Group, Siemens, Joslyn Clark, Toshiba, Zez Silko, Rockwell
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global AC Contactors Market Report Segments:
The global AC Contactors market is segmented on the basis of:
Types
Electromagnetic Contactor, Permanent Magnet Contactor
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
Motor Application, Power Switching, Other
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:
- Rockwell
- Eaton
- ABB
- Schneider Electric
- Mitsubishi Electric
- ETI Group
- Siemens
- Joslyn Clark
- Toshiba
- Zez Silko
- Rockwell
Highlights of The AC 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:
- Electromagnetic Contactor
- Permanent Magnet Contactor
- By Application:
- Motor Application
- Power Switching
- Other
- 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 AC 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
AC contactors are a type of electrical switch that allow current to flow in one direction only. They are used in places where it is difficult or impossible to change the direction of current flow, such as motors and lighting fixtures.
Some of the major players in the ac contactors market are Rockwell, Eaton, ABB, Schneider Electric, Mitsubishi Electric, ETI Group, Siemens, Joslyn Clark, Toshiba, Zez Silko, Rockwell.
The ac contactors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AC Contactors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AC Contactors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AC Contactors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AC Contactors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AC Contactors Market Size & Forecast, 2020-2028
4.5.1 AC Contactors Market Size and Y-o-Y Growth
4.5.2 AC Contactors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electromagnetic Contactor
5.2.2 Permanent Magnet Contactor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Motor Application
6.2.2 Power Switching
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AC Contactors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AC Contactors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electromagnetic Contactor
9.6.2 Permanent Magnet Contactor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Motor Application
9.10.2 Power Switching
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electromagnetic Contactor
10.6.2 Permanent Magnet Contactor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Motor Application
10.10.2 Power Switching
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electromagnetic Contactor
11.6.2 Permanent Magnet Contactor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Motor Application
11.10.2 Power Switching
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electromagnetic Contactor
12.6.2 Permanent Magnet Contactor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Motor Application
12.10.2 Power Switching
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electromagnetic Contactor
13.6.2 Permanent Magnet Contactor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Motor Application
13.10.2 Power Switching
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AC Contactors Market: Competitive Dashboard
14.2 Global AC Contactors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rockwell
14.3.2 Eaton
14.3.3 ABB
14.3.4 Schneider Electric
14.3.5 Mitsubishi Electric
14.3.6 ETI Group
14.3.7 Siemens
14.3.8 Joslyn Clark
14.3.9 Toshiba
14.3.10 Zez Silko
14.3.11 Rockwell
