Contactors Market Key Players analysis - ABB Group, Siemens Ltd., General Electric, Rockwell Automation, Schneider Electric, Mitsubishi Electric Corporation

Market Highlights
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.
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. However, the high cost of Contactors and high level of intricacy involved in the design for module level protection will restrain the Contactors market globally. Contactors Market is expected to grow over the CAGR of around 7.53% during the period 2017 to 2023

Key Players:
The key players of Global Contactors Market are
• 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)
• Eaton Corporation PLC (Ireland).

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Market Research Analysis
Medium voltage segment of contractors is expected to grow at the highest rate in the Contactors market from 2017-2023.
The industrial usage of medium Contactors currently holds a large share of total volume of Contactors and is expected to dominate the market during forecast period. 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. Medium voltage contractors are majorly used in applications that have larger current requirements and high operations counts. Medium voltage contractors are compact, electrically maintained and used to efficiently protect and control motors, transformers and breakers for many different applications. The increase in industrial development across the globe leading to the wide application of small and medium voltage Contactors in industries for safe operations, will further enhance the industrial Contactors market during the forecast period.

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Contactors Market Research Report- Forecast to 2023”

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.
By Voltage
Medium Voltage
Low Voltage
By End-User
Building & Construction Industry
Chemicals & Petrochemicals Industry
Foods & Beverages Industry
Metals & Mining Industry
Other Industries
By Regions
North America
Asia Pacific
Europe
Rest of the World

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