March 22, 2019 - 8:12 AM EDT
Global Motor Control Contactors Market Analysis & Forecast: 2019-2023 - Leading Players are ABB, Danfoss, Eaton, Emerson Electric, Rockwell Automation, Schneider Electric - ResearchAndMarkets.com
Global Motor Control Contactors Market Analysis & Forecast: 2019-2023 - Leading Players are ABB, Danfoss, Eaton, Emerson Electric, Rockwell Automation, Schneider Electric - ResearchAndMarkets.com

DUBLIN

The "Global Motor Control Contactors Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The motor control contactors market will register a CAGR of almost 6% by 2023.

Faults in motors (electronic or mechanical), transmission lines, and other expensive equipment can prove expensive for companies, as this may lead to loss of production repair of equipment, loss of raw materials, and non-quality production and delivery. Moreover, the adoption of drives and motor control systems is increasing in many end-user industries to have a continuous monitoring of the devices from any productivity losses.

The adoption of such contactors helps protect electric motors from high voltage and current fluctuations and ensure optimal performance in heavy-duty industrial applications. In addition, motor control contactors, within the industrial setup, are also used for power factor correction. The contactor draws the current directly from the power line supply located near the load. Hence, the growing benefits of motor control contactors for increasing the overall life span of industrial motors drive the market.

Gradual recovery in upstream activity

The rise in the number of projects is attributed to the stabilization of the crude oil price, which has increased the profit margins of the drilling and production companies. The increases the deployment of motor control contactors for eliminating the chances of high current drawn at the switching. Hence, the recovery of the oil and gas industry will propel the growth of the market during the forecast period.

Intense competition from low-cost Asian manufacturers

Asian countries are known for the easy availability of low-cost labor, land, and raw materials. Hence, these countries attract substantial investments in the manufacturing sector. Most of the prominent vendors of motor control contactors are focusing on building relationships with subcomponent suppliers that offer economical hardware products in the market.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

  • ABB
  • Danfoss A/S
  • Eaton
  • Emerson Electric Co.
  • Rockwell Automation Inc.
  • Schneider Electric

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY TYPE

  • Comparison by type
  • IEC standard - Market size and forecast 2018-2023
  • NEMA standard - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: MARKET SEGMENTATION BY END-USER

  • Comparison by end-user
  • Process industries - Market size and forecast 2018-2023
  • Discrete industries - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 08: CUSTOMER LANDSCAPE

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

  • Emergence of contactors with universal coil
  • Growing adoption of intelligent MCC
  • Emergence of miniature and auxiliary contactors

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB
  • Danfoss A/S
  • Eaton
  • Emerson Electric Co.
  • Rockwell Automation Inc.
  • Schneider Electric

For more information about this report visit https://www.researchandmarkets.com/research/j5lhrh/global_motor?w=4

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Related Topics: Electrical Switches


Source: Business Wire (March 22, 2019 - 8:12 AM EDT)