Market Overview:
The global magnetic contactor 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 electric motors and lighting automation across the globe. Additionally, the growing industrial sector is also expected to drive the demand for magnetic contactors in the coming years. The global magnetic contactor market is segmented on the basis of type, application, and region. On the basis of type, it is divided into AC contactors and DC contactors. AC contactors are further classified into thermal overload relays (TORs) and non-thermal overload relays (NTOs).
Product Definition:
A magnetic contactor is an electromechanical device that uses a coil to create a magnetic field. The coil is energized, which in turn creates a magnetic field that attracts the armature of the contactor. This causes the contacts to close, completing the electrical circuit.
AC Contactors:
AC contactors are electronic switches used to interrupt or discontinue the current flow in electric circuits. They are available in different forms such as semiconductor, relay and electromechanical. The major application of AC contactors is to protect electrical equipment from damage due to overloading, short circuit or high temperature. It can also be used for switching purposes in power distribution systems; it helps reduce the loss of energy during changes of voltage and frequency.
DC Contactors:
DC contactors are used in Magnetic Contactor (MC) market for short-circuit and ground fault protection. They are also known as switchgears or circuit breakers. These devices prevent damage to electrical equipment due to abnormal operating conditions such as high voltage, current, or power.
The normal functioning of any electric device is dependent on its ability to withstand fluctuating voltages; for example, a motor needs a range between 0V.
Application Insights:
The industrial electric motors segment is expected to dominate the market over the forecast period. Industrial electric motors are used in various industries, such as construction, automotive and transportation, food and beverage processing, pulp and paper manufacturing among others. The growth of these industries is directly related to increasing demand for efficient drives with high power density that can be transmitted through small shafts. This trend will continue over the next few years thus driving product demand in industrial applications during the estimated time frame.
The lighting automation application segment accounted for a significant share of 15% in 2017 owing to growing awareness about energy conservation among end-users across various regions globally including North America and Europe. Stringent government regulations regarding use of electricity consumption data along with rising concerns regarding carbon emission have increased pressure on manufacturers worldwide to adopt magneticcontactor driven by consumer preference toward LED technology which has been further accelerated by corporate sustainability policies adopted by many companies globally including Apple Inc., Samsung Electronics Co., Ltd.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for industrial automation solutions from countries such as China, India, Japan, South Korea, Taiwan among others. Increasing government initiatives coupled with rising awareness regarding energy conservation is also anticipated to propel regional growth during the forecast period.
The North America market was valued at USD X million in 2017 and is projected to witness significant growth over the next eight years owing to growing adoption of magnetic Contactor worldwide for motor control applications along with other industries such as HVAC & refrigeration and lighting automation amongst others. In addition, presence of major manufacturers including Cooper-Hewitt National Building Museum Hewlett Packard Enterprise Development LP will drive product demand across this region during the same period.
Growth Factors:
- Increasing demand for electric vehicles
- Growing investments in renewable energy sources
- Rising demand from the construction and infrastructure sectors
- Proliferation of smart grids and energy storage systems
- Technological advancements and innovations
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Contactor Market Research Report
By Type
AC Contactors, DC Contactors
By Application
Industrial Electric Motors, Lighting Automation, Others
By Companies
Schneider Electric, ABB, Siemens, Eaton, CHINT Group, Fuji Electric, Delixi Electric, LS ELECTRIC, Mitsubishi, Tengen Group, Schneider Electric, Nader
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Contactor Market Report Segments:
The global Magnetic Contactor market is segmented on the basis of:
Types
AC Contactors, DC 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
Industrial Electric Motors, Lighting Automation, 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
- ABB
- Siemens
- Eaton
- CHINT Group
- Fuji Electric
- Delixi Electric
- LS ELECTRIC
- Mitsubishi
- Tengen Group
- Schneider Electric
- Nader
Highlights of The Magnetic Contactor 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 Contactors
- DC Contactors
- By Application:
- Industrial Electric Motors
- Lighting Automation
- 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 Magnetic Contactor 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?
A magnetic contactor is a device that uses the power of magnets to switch electrical currents. When current flows through a coil of wire, it creates a magnetic field around it. This field can be used to control the flow of electricity by changing its intensity or direction.
Some of the major players in the magnetic contactor market are Schneider Electric, ABB, Siemens, Eaton, CHINT Group, Fuji Electric, Delixi Electric, LS ELECTRIC, Mitsubishi, Tengen Group, Schneider Electric, Nader.
The magnetic contactor 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 Magnetic Contactor 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 Magnetic Contactor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetic Contactor 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 Magnetic Contactor 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 Magnetic Contactor Market Size & Forecast, 2018-2028
4.5.1 Magnetic Contactor Market Size and Y-o-Y Growth
4.5.2 Magnetic Contactor Market Absolute $ Opportunity
Chapter 5 Global Magnetic Contactor 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 Magnetic Contactor Market Size Forecast by Type
5.2.1 AC Contactors
5.2.2 DC Contactors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnetic Contactor 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 Magnetic Contactor Market Size Forecast by Applications
6.2.1 Industrial Electric Motors
6.2.2 Lighting Automation
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetic Contactor 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 Magnetic Contactor 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 Magnetic Contactor Analysis and Forecast
9.1 Introduction
9.2 North America Magnetic Contactor 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 Magnetic Contactor Market Size Forecast by Type
9.6.1 AC Contactors
9.6.2 DC Contactors
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 Magnetic Contactor Market Size Forecast by Applications
9.10.1 Industrial Electric Motors
9.10.2 Lighting Automation
9.10.3 Others
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 Magnetic Contactor Analysis and Forecast
10.1 Introduction
10.2 Europe Magnetic Contactor 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 Magnetic Contactor Market Size Forecast by Type
10.6.1 AC Contactors
10.6.2 DC Contactors
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 Magnetic Contactor Market Size Forecast by Applications
10.10.1 Industrial Electric Motors
10.10.2 Lighting Automation
10.10.3 Others
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 Magnetic Contactor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnetic Contactor 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 Magnetic Contactor Market Size Forecast by Type
11.6.1 AC Contactors
11.6.2 DC Contactors
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 Magnetic Contactor Market Size Forecast by Applications
11.10.1 Industrial Electric Motors
11.10.2 Lighting Automation
11.10.3 Others
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 Magnetic Contactor Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnetic Contactor 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 Magnetic Contactor Market Size Forecast by Type
12.6.1 AC Contactors
12.6.2 DC Contactors
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 Magnetic Contactor Market Size Forecast by Applications
12.10.1 Industrial Electric Motors
12.10.2 Lighting Automation
12.10.3 Others
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) Magnetic Contactor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnetic Contactor 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) Magnetic Contactor Market Size Forecast by Type
13.6.1 AC Contactors
13.6.2 DC Contactors
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) Magnetic Contactor Market Size Forecast by Applications
13.10.1 Industrial Electric Motors
13.10.2 Lighting Automation
13.10.3 Others
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 Magnetic Contactor Market: Competitive Dashboard
14.2 Global Magnetic Contactor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 ABB
14.3.3 Siemens
14.3.4 Eaton
14.3.5 CHINT Group
14.3.6 Fuji Electric
14.3.7 Delixi Electric
14.3.8 LS ELECTRIC
14.3.9 Mitsubishi
14.3.10 Tengen Group
14.3.11 Schneider Electric
14.3.12 Nader
