Market Overview:
The global motor reversing contactor 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 heavy-duty trucks and heavy machinery, and the growing need for energy power in developing countries. In terms of type, the AC motor reversing contactor segment is expected to dominate the global market during the forecast period, owing to its high efficiency and low cost. In terms of application, the heavy-duty truck segment is projected to lead the global market during 2018–2030 due its growing demand from various end-use industries such as automotive, construction & infrastructure, and logistics & transportation.
Product Definition:
A motor reversing contactor is a device used to reverse the direction of rotation of an AC induction motor. The reversing contactor can be either mechanically or electrically operated. Electrically operated contactors are more common and are activated by a signal from a controller.
AC:
The motor controlling the process of reverse osmosis is termed as an AC (oscillating contactor) and it's used in water & waste treatment plants. The growth factor responsible for increasing demand for this product is rising concerns about water pollution, contamination, scarcity and usage of drinking water.
Rising population coupled with rapid industrialization has led to increase in the consumption of freshwater resources which may result into a shortage in future.
DC:
DC is direct current and it's unit of measurement is amperes. It's flow rate can be varied from low (0-10) to high (30-35) depending upon the need. DC motor reversing contactor uses this current for operating its mechanism thereby eliminating the use of mechanical energy through a lever or wheel.
Application Insights:
The heavy-duty truck application segment accounted for the largest revenue share of over 40% in 2017. The motor reversing contactor is used to reverse the direction of a DC power supply to the electric motors connected in series. Increasing demand for electric trucks, buses and other heavy-duty vehicles is expected to drive this segment over the forecast period.
The energy power application segment was valued at USD 281 million in 2017 owing to growing demand from wind turbines and solar photovoltaic (PV) installations across various industries such as utility, oil & gas, etc. Energy power applications require large capacity motor reversing contactors with high reliability and durability factors that can withstand extreme vibrations and temperature changes without any damage or wear&tear on bearings or components.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for global motor reversing contactor over the forecast period. The growth can be attributed to increasing demand from developing and emerging economies such as China, India, Indonesia, Vietnam and Thailand. Increasing construction activities in these countries are likely to boost product demand owing to its use in machinery applications including earthmoving equipment and heavy vehicles.
The Asia Pacific region accounted for a share of more than 30% of the total revenue in 2017 owing to high investments made by governments across various economies including China and India towards infrastructure development activities which includes building roads, bridges & buildings using heavy machinery such as backhoes & excavators etc., thereby driving product adoption across various end-use industries. Moreover, rising awareness regarding health & safety coupled with stringent regulations imposed on mining operations by government organizations is anticipated to further drive regional growth over the next eight years.
Growth Factors:
- Increasing demand for electric vehicles
- Growing construction and infrastructure activities
- Rising industrial automation across various sectors
- Proliferation of smart grids and renewable energy sources
- Technological advancements in motor reversing contactor products
Scope Of The Report
Report Attributes
Report Details
Report Title
Motor Reversing Contactor Market Research Report
By Type
AC, DC
By Application
Heavy Duty Truck, Heavy Machinery, Energy Power, Other
By Companies
ABB, Schneider Electric, Xiamen Jinxinrong Electronics, LS Industrial Systems, ALBRIGHT INTERNATIONAL, Electric Motor Sport, Sensata Technologies, ABB
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Motor Reversing Contactor Market Report Segments:
The global Motor Reversing Contactor market is segmented on the basis of:
Types
AC, DC
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
Heavy Duty Truck, Heavy Machinery, Energy Power, 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:
- ABB
- Schneider Electric
- Xiamen Jinxinrong Electronics
- LS Industrial Systems
- ALBRIGHT INTERNATIONAL
- Electric Motor Sport
- Sensata Technologies
- ABB
Highlights of The Motor Reversing 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
- DC
- By Application:
- Heavy Duty Truck
- Heavy Machinery
- Energy Power
- 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 Motor Reversing 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 motor reversing contactor is a device that allows electric motors to be reversed. This is useful for controlling the direction of a flow of electricity, or for starting and stopping an electric motor.
Some of the major companies in the motor reversing contactor market are ABB, Schneider Electric, Xiamen Jinxinrong Electronics, LS Industrial Systems, ALBRIGHT INTERNATIONAL, Electric Motor Sport, Sensata Technologies, ABB.
The motor reversing contactor market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Motor Reversing 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 Motor Reversing Contactor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Motor Reversing 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 Motor Reversing 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 Motor Reversing Contactor Market Size & Forecast, 2018-2028
4.5.1 Motor Reversing Contactor Market Size and Y-o-Y Growth
4.5.2 Motor Reversing Contactor Market Absolute $ Opportunity
Chapter 5 Global Motor Reversing 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 Motor Reversing Contactor Market Size Forecast by Type
5.2.1 AC
5.2.2 DC
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Motor Reversing 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 Motor Reversing Contactor Market Size Forecast by Applications
6.2.1 Heavy Duty Truck
6.2.2 Heavy Machinery
6.2.3 Energy Power
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Motor Reversing 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 Motor Reversing 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 Motor Reversing Contactor Analysis and Forecast
9.1 Introduction
9.2 North America Motor Reversing 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 Motor Reversing Contactor Market Size Forecast by Type
9.6.1 AC
9.6.2 DC
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 Motor Reversing Contactor Market Size Forecast by Applications
9.10.1 Heavy Duty Truck
9.10.2 Heavy Machinery
9.10.3 Energy Power
9.10.4 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 Motor Reversing Contactor Analysis and Forecast
10.1 Introduction
10.2 Europe Motor Reversing 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 Motor Reversing Contactor Market Size Forecast by Type
10.6.1 AC
10.6.2 DC
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 Motor Reversing Contactor Market Size Forecast by Applications
10.10.1 Heavy Duty Truck
10.10.2 Heavy Machinery
10.10.3 Energy Power
10.10.4 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 Motor Reversing Contactor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Motor Reversing 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 Motor Reversing Contactor Market Size Forecast by Type
11.6.1 AC
11.6.2 DC
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 Motor Reversing Contactor Market Size Forecast by Applications
11.10.1 Heavy Duty Truck
11.10.2 Heavy Machinery
11.10.3 Energy Power
11.10.4 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 Motor Reversing Contactor Analysis and Forecast
12.1 Introduction
12.2 Latin America Motor Reversing 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 Motor Reversing Contactor Market Size Forecast by Type
12.6.1 AC
12.6.2 DC
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 Motor Reversing Contactor Market Size Forecast by Applications
12.10.1 Heavy Duty Truck
12.10.2 Heavy Machinery
12.10.3 Energy Power
12.10.4 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) Motor Reversing Contactor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Motor Reversing 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) Motor Reversing Contactor Market Size Forecast by Type
13.6.1 AC
13.6.2 DC
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) Motor Reversing Contactor Market Size Forecast by Applications
13.10.1 Heavy Duty Truck
13.10.2 Heavy Machinery
13.10.3 Energy Power
13.10.4 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 Motor Reversing Contactor Market: Competitive Dashboard
14.2 Global Motor Reversing Contactor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Schneider Electric
14.3.3 Xiamen Jinxinrong Electronics
14.3.4 LS Industrial Systems
14.3.5 ALBRIGHT INTERNATIONAL
14.3.6 Electric Motor Sport
14.3.7 Sensata Technologies
14.3.8 ABB
