Market Overview:
The global HVAC contractor 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 HVAC systems, growing awareness about energy conservation, and rising investments in infrastructure development. The global HVAC contractor market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into 1-pole type, 2-pole type 3-pole type 4-pole type.
Product Definition:
A contactor is an electrical device used to control a circuit by opening and closing contacts.
The importance of a contactor in HVAC systems is that it can be used to start or stop the flow of refrigerant through the system, which controls the temperature.
1-Pole Type:
The 1-pole type is a switching device that controls only one heating/cooling coil at a time. It's main application is in HVAC control systems of residential and commercial buildings, it can also be used for light Commercial applications include shops, offices or homes where there are two separate HVAC systems.
1-POLE CONTACTOR - Product Segment by Type (Single Phase, Three Phase), by Application (Residential, Commercial),.
2-Pole Type:
2-pole type is a kind of electrical switch which has two terminals and normally open or closed contacts. It is used in HVAC control devices, such as thermostats, to provide switching functionality. The 2-pole typecontactor finds its major application in heating and cooling systems where it controls electric heaters or air conditioners by opening and closing circuit breakers when the system temperature changes.
Application Insights:
The industrial segment dominated the global market in 2017 and is expected to witness a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for HVAC Contactor from various industries such as oil & gas, aerospace & defense, chemical, food processing and paper mills among others which require a large number of contac ts for maintaining their production lines at optimum levels.
The medical and healthcare segment accounted for 9.3% share in 2017 owing to growing demand from hospitals across the globe coupled with technological advancements that have made it easy for patients to breathe while undergoing treatment has led this industry grow rapidly over recent years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to factors such as growing construction and manufacturing sectors, coupled with increasing adoption of HVAC systems. Europe accounted for a significant share in terms of both volume and revenue in 2017. Increasing demand for energy-efficient systems is one of the major factors driving regional growth.
Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to rapid industrialization along with expanding IT sector in countries like India and China. In addition, rising awareness regarding energy conservation will drive demand further over the forecast period. Latin America also presents significant opportunities due high penetration rates of electricity supply through electric current distribution lines (L ET CURRENT SEGURIDAD) compared with other developing regions’ such as North America or Asia Pacific).
Growth Factors:
- Increasing demand for energy-efficient HVAC systems
- Growing popularity of smart homes and buildings
- Proliferation of Internet of Things (IoT) in the HVAC sector
- Rising concerns over air quality and indoor environmental quality (IEQ)
- Emerging markets such as India and China presenting lucrative growth opportunities
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC Contactor Market Research Report
By Type
1-Pole Type, 2-Pole Type, 3-Pole Type, 4-Pole Type
By Application
Industrial, Medical and Healthcare, IT and Telecom, Aerospace and Defense, Oil & Gas, Chemical, Others
By Companies
ABB (Switzerland), Chint Electric (China), Eaton (Ireland), GE Industrial (Boston, Massachusetts), Honeywell(US), Mitsubishi Electric (Japan), Rockwell Automation(US), Schneider Electric (France), Siemens (Germany), Shihlin Electric (Taiwan), TE Connectivity (Switzerland)
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global HVAC Contactor Market Report Segments:
The global HVAC Contactor market is segmented on the basis of:
Types
1-Pole Type, 2-Pole Type, 3-Pole Type, 4-Pole Type
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, Medical and Healthcare, IT and Telecom, Aerospace and Defense, Oil & Gas, Chemical, 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:
- ABB (Switzerland)
- Chint Electric (China)
- Eaton (Ireland)
- GE Industrial (Boston, Massachusetts)
- Honeywell(US)
- Mitsubishi Electric (Japan)
- Rockwell Automation(US)
- Schneider Electric (France)
- Siemens (Germany)
- Shihlin Electric (Taiwan)
- TE Connectivity (Switzerland)
Highlights of The HVAC 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:
- 1-Pole Type
- 2-Pole Type
- 3-Pole Type
- 4-Pole Type
- By Application:
- Industrial
- Medical and Healthcare
- IT and Telecom
- Aerospace and Defense
- Oil & Gas
- Chemical
- 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 HVAC 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.
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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?
A HVAC Contactor is a device that controls the temperature and humidity in an air conditioning or heating system.
Some of the major players in the hvac contactor market are ABB (Switzerland), Chint Electric (China), Eaton (Ireland), GE Industrial (Boston, Massachusetts), Honeywell(US), Mitsubishi Electric (Japan), Rockwell Automation(US), Schneider Electric (France), Siemens (Germany), Shihlin Electric (Taiwan), TE Connectivity (Switzerland).
The hvac contactor market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. HVAC Contactor 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. HVAC Contactor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. HVAC Contactor Market - Supply Chain
4.5. Global HVAC Contactor Market Forecast
4.5.1. HVAC Contactor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. HVAC Contactor Market Size (000 Units) and Y-o-Y Growth
4.5.3. HVAC Contactor Market Absolute $ Opportunity
5. Global HVAC Contactor 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. HVAC Contactor Market Size and Volume Forecast by Type
5.3.1. 1-Pole Type
5.3.2. 2-Pole Type
5.3.3. 3-Pole Type
5.3.4. 4-Pole Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global HVAC Contactor 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. HVAC Contactor Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Medical and Healthcare
6.3.3. IT and Telecom
6.3.4. Aerospace and Defense
6.3.5. Oil & Gas
6.3.6. Chemical
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global HVAC Contactor 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. HVAC Contactor 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 HVAC Contactor 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. HVAC Contactor 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 HVAC Contactor Demand Share Forecast, 2019-2026
9. North America HVAC Contactor 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 HVAC Contactor 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 HVAC Contactor Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Medical and Healthcare
9.4.3. IT and Telecom
9.4.4. Aerospace and Defense
9.4.5. Oil & Gas
9.4.6. Chemical
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America HVAC Contactor Market Size and Volume Forecast by Type
9.7.1. 1-Pole Type
9.7.2. 2-Pole Type
9.7.3. 3-Pole Type
9.7.4. 4-Pole Type
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 HVAC Contactor Demand Share Forecast, 2019-2026
10. Latin America HVAC Contactor 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 HVAC Contactor 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 HVAC Contactor Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Medical and Healthcare
10.4.3. IT and Telecom
10.4.4. Aerospace and Defense
10.4.5. Oil & Gas
10.4.6. Chemical
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America HVAC Contactor Market Size and Volume Forecast by Type
10.7.1. 1-Pole Type
10.7.2. 2-Pole Type
10.7.3. 3-Pole Type
10.7.4. 4-Pole Type
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 HVAC Contactor Demand Share Forecast, 2019-2026
11. Europe HVAC Contactor 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 HVAC Contactor 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 HVAC Contactor Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Medical and Healthcare
11.4.3. IT and Telecom
11.4.4. Aerospace and Defense
11.4.5. Oil & Gas
11.4.6. Chemical
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe HVAC Contactor Market Size and Volume Forecast by Type
11.7.1. 1-Pole Type
11.7.2. 2-Pole Type
11.7.3. 3-Pole Type
11.7.4. 4-Pole Type
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 HVAC Contactor Demand Share, 2019-2026
12. Asia Pacific HVAC Contactor 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 HVAC Contactor 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 HVAC Contactor Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Medical and Healthcare
12.4.3. IT and Telecom
12.4.4. Aerospace and Defense
12.4.5. Oil & Gas
12.4.6. Chemical
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific HVAC Contactor Market Size and Volume Forecast by Type
12.7.1. 1-Pole Type
12.7.2. 2-Pole Type
12.7.3. 3-Pole Type
12.7.4. 4-Pole Type
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 HVAC Contactor Demand Share, 2019-2026
13. Middle East & Africa HVAC Contactor 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 HVAC Contactor 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 HVAC Contactor Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Medical and Healthcare
13.4.3. IT and Telecom
13.4.4. Aerospace and Defense
13.4.5. Oil & Gas
13.4.6. Chemical
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa HVAC Contactor Market Size and Volume Forecast by Type
13.7.1. 1-Pole Type
13.7.2. 2-Pole Type
13.7.3. 3-Pole Type
13.7.4. 4-Pole Type
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 HVAC Contactor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global HVAC Contactor Market: Market Share Analysis
14.2. HVAC Contactor Distributors and Customers
14.3. HVAC Contactor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB (Switzerland)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chint Electric (China)
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 (Ireland)
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 (Boston, Massachusetts)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Honeywell(US)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Electric (Japan)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rockwell Automation(US)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Schneider Electric (France)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Siemens (Germany)
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 (Taiwan)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TE Connectivity (Switzerland)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
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
