Market Overview:
The global low voltage contactors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient equipment and rising awareness about energy conservation. Low voltage contactors are used in various applications such as motor application, power switching, and other applications. In terms of type, the AC contactor segment is expected to hold the largest share of the global low voltage contactors market during the forecast period. This can be attributed to its growing use in industrial and commercial applications across different regions.
Product Definition:
A low voltage contactor is a device used to control the power to a load using a low voltage signal. This can be used to turn on or off a load, or to vary the amount of power going to the load. Low voltage contactors are important because they allow for safe and easy control of high-power devices using low-voltage signals.
AC Contactor:
An AC contactor is a switching device used to interrupt the flow of electric current when the load on its terminals exceeds the rating of the switch. It consists of an insulated housing, which may be mounted on a circuit board and has two terminals connected by an insulating barrier that can be opened or closed by means of a control mechanism. The opening or closing causes an electrical circuit to operate and thus provides protection against damage due to overloading.
DC Contactor:
DC contactor is a switching device used in low voltage contactors. It is also known as a darlington or single-phase switch. The basic function of DC contactor is to protect the load from short circuits and open circuit, which occurs when the input power source gets cut off during an abnormal condition at the output end of the equipment.
The normal functioning process involves two steps; first, it converts AC to DC.
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 industrial robots across manufacturing facilities is expected to propel the product demand in industrial applications, such as material handling, packaging, palletizing and labeling systems.
In addition, increasing investments by foreign players in China and India are likely to provide a fillip to industry expansion through joint ventures or strategic partnerships with local players. For instance; In 2015; Mitsubishi Electric Corporation established a joint venture with State Grid Corporation of China (SGCC) called ¢â‚¬Å“Mitsubishi Electric Power Products Co., Ltd¢â‚¬ at Wuhan University City campus which involved investment worth USD 492 million until 2022 on a build-own-operate basis.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region is attributed to increasing demand for motor application and power switching products in countries, such as China, India, Japan and South Korea. In addition, rising number of manufacturing facilities in developing economies coupled with growing industrialization will drive product demand further.
The Asia Pacific contactors market was valued at USD X billion in 2017 owing to presence of a large number of end users along with rapidly expanding industries including oil & gas industry.
Growth Factors:
- Increasing demand for energy-efficient electrical equipment
- Rapid industrialization and urbanization in developing countries
- Rising investment in construction and infrastructure projects
- Growing popularity of contactor-based motor control systems
- Technological advancements that improve the performance and efficiency of contactors
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Voltage Contactors Market Research Report
By Type
AC Contactor, DC Contactor
By Application
Motor Application, Power Switching, Other Application
By Companies
Rockwell, Eaton, ABB, Schneider Electric, Mitsubishi Electric, Eti Group, Siemens, Joslyn Clark, Toshiba, ZEZ SILKO, Rockwell, YAYiELEC
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Low Voltage Contactors Market Report Segments:
The global Low Voltage Contactors market is segmented on the basis of:
Types
AC Contactor, DC 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 Application
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
- YAYiELEC
Highlights of The Low Voltage 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:
- AC Contactor
- DC Contactor
- By Application:
- Motor Application
- Power Switching
- Other Application
- 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 Low Voltage 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?
Low voltage contactors are used to interrupt power when the voltage is too low.
Some of the key players operating in the low voltage contactors market are Rockwell, Eaton, ABB, Schneider Electric, Mitsubishi Electric, Eti Group, Siemens, Joslyn Clark, Toshiba, ZEZ SILKO, Rockwell, YAYiELEC.
The low voltage 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 Low Voltage 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 Low Voltage Contactors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Voltage 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 Low Voltage 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 Low Voltage Contactors Market Size & Forecast, 2020-2028
4.5.1 Low Voltage Contactors Market Size and Y-o-Y Growth
4.5.2 Low Voltage 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 AC Contactor
5.2.2 DC 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 Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Voltage 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 Low Voltage 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 AC Contactor
9.6.2 DC 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 Application
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 AC Contactor
10.6.2 DC 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 Application
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 AC Contactor
11.6.2 DC 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 Application
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 AC Contactor
12.6.2 DC 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 Application
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 AC Contactor
13.6.2 DC 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 Application
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 Low Voltage Contactors Market: Competitive Dashboard
14.2 Global Low Voltage 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
14.3.12 YAYiELEC
