Motor Control Contactor Market Size, Share & Industry Analysis, By Type (IEC Standard, NEMA Standard), By End-User (Oil & Gas, Chemicals, Metals and Mining, Manufacturing, Food & Beverages, Water and Wastewater, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105741 | Status : Ongoing

KEY MARKET INSIGHTS

Control contactors for motors are electromechanical relays that are used to switch large electrical outputs in industrial motors. These control companies typically protect electric motors from large fluctuations in current and voltage, which helps ensure optimal performance in heavy industrial applications. Contactors are control devices that normally handle the heavy load on an electric motor. They are used to switch loads and are controlled by a circuit with much less power. Their size varies depending on the power range of the engine.

The motor control contactor is segmented based on type, the market is segmented into The International Electrotechnical Commission (IEC) standard and The National Electrical Manufacturers Association (NEMA) standard. In 2020 IEC standards dominated the market share as they are used for compact motor devices around the globe.

The motor control contactor market is segmented based on the following end-users: oil & gas, chemicals, metals & mining, manufacturing, food & beverages, water & wastewater, other industries. The oil & gas industry dominated the market share in terms of revenue in 2020 due to the need for real-time monitoring and control of motors operating in the oil & gas infrastructure industry.

The global motor control contactor market is primarily driven by the increasing need for motor protection appliances. The adoption of engine control systems is increasing in several end-user industries to have continuous monitoring equipment. Motor control contactors are used to protect electric motors from current fluctuations and high voltage to ensure optimum performance in heavy industrial applications. Contractors also help eliminate an unwanted number of harmonics in the main power line, avoid resonance phenomena, and control ripples in a power grid.

The cost of manufacturing motor control contractors is comparatively high as compared to relay and other substitute components available in the market. Furthermore, small-scale and medium scaled industries desist from installing these contractors due to high installation costs. These factors are anticipated to hinder the growth of the market.

Key Market Driver -

Growing need to enhance equipment performance coupled with increasing demand for motor protection devices

Key Market Restraint -

The high cost associated with manufacturing and testing

Key Players Covered:

Some of the major companies that are present in the global motor control contactor market are ABB, Schneider Electric, CHINT Electric, Himel, Siemens, Emerson, Mitsubishi Electric, Fuji Electric Co. Ltd., Panasonic, Rockwell Automation, WEG Equipamentos Eletricos, and Danfoss.

Regional Analysis:

The motor control contactor market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific dominated the regional market share in 2020. Due to the increasing urbanization and industrialization in the region, high demand for motor control systems was expected. In addition, the increasing expansion of power generation capacity and electricity demand is expected to further boost the motor control contactor market in the region.

Europe and North America are the mature markets as compared to Latin America and Middle East & Africa for motor control contactors as industries in these regions are technologically advanced. Growing automation in the end-user industries is anticipated to drive the market in Europe and North America during the forecast period.

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Segmentation

ATTRIBUTES	DETAILS
By Type	IEC Standard NEMA Standard
By End-User	Oil & Gas Chemicals Metals and Mining Manufacturing Food & Beverages Water and Wastewater Others
By Geography	North America (the USA and Canada) Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Key Industry Developments

On 12 May 2021, Siemens Electric and Allied Electronics & Automation launched the Easy TeSys product line with a short-circuit ratings range up to 35kA at 480V. This product line is targeted at small OEMs, panel builders, and low-capacity motors.

On 14 August 2020, Siemens launched Sirius 3RW55 Failsafe soft starters with safe torque off function. This function ensures emergency stop operation in case of an accident.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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