Global Contactors Market Overview:
The Contactors Market is expected to grow over the CAGR of around 7.53% during the period 2017 to 2023. The constant need for electricity, the growing need for efficient and effective load management and the need of renewable energy to be connected to the grid will aid in the growth of the contactors market over the forecast period.
Contactor is typically controlled by a circuit which has a much lower power level than the switched circuit. Growing application of medium voltage contactors in industries where it is well suited for heavy duty applications and harsh environment including metals & mining industry, chemicals & petrochemicals industry and others.
Contactors are electrical controlled switch used for switching an electrical power circuit with higher current ratings. Growing application of medium voltage contactors in industries where it is well suited for heavy duty applications and harsh environment including metals & mining industry, chemicals & petrochemicals industry and others.
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- Distributer & Supplier companies
- End Users
- Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
Global Contactors Market Segmental Analysis:
The global Contactors Market has been segmented on the basis of voltage, end-user and regions.
- Medium Voltage
- Low Voltage
- Building & Construction Industry
- Chemicals & Petrochemicals Industry
- Foods & Beverages Industry
- Metals & Mining Industry
- Other Industries
- North America
- Asia Pacific
- Rest of the World
Rapid urbanization & industrialization in countries such as China, India, Indonesia and Australia demand continuous electric supply for the operations of building & construction industry, chemicals & petrochemicals industry, foods & beverages industry, metals & mining industry and other industries. Ageing conventional transmission & distribution network often hinders the supply for continuous power. This is creating a lucrative market for contractors in this region.
- ABB Group (Switzerland),
- Siemens Ltd. (Germany),
- General Electric Company (USA),
- Crompton Greaves Ltd. (India),
- Rockwell Automation (USA),
- Schneider Electric (France),
- Mitsubishi Electric Corporation (Japan),
- L&T Electrical & Automation (India),
- Toshiba Corporation (Japan) and
- Eaton Corporation PLC (Ireland).
Scope of the Report:
This study provides an overview of the global contactors market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global contactors market by its type, by end-user and by regions.
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Table Of Contents:
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Contactors Market, By Voltage
4.2 Medium Voltage
4.3 Low Voltage
5 Global Contactors Market, By End-User
5.2 Building & Construction Industry
5.3 Chemicals & Petrochemicals Industry
5.4 Foods & Beverages Industry
5.5 Metals & Mining Industry
5.6 Other Industries
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