DC Contactor Market – Global Industry Analysis and Forecast (2023-2029) by Type, Application and Region

DC Contactor Market was valued at US$ 331.01 Mn. in 2022. Global DC Contactor Market size is expected to grow at a CAGR of 7.9% through the forecast period.

DC Contactor Market Definition:

A DC contactor is a current switching device which is operated electrically. DC contactor closes & opens internal contacts to regulate current in DC circuits. DC contactor operate at lower voltages than AC contactor resulting in less arcing, as the circuit opens & shuts. The main function of DC contactor is to make and break the connection between the power source and the load. The contactor has one fixed end and one adjustable side when the contactor is activated the electromagnetic force created pushes the movable contact towards the fixed contact, & when they are d energized the spring pulls the contactor apart. DC contactors are cost effective and reliable to switch current in low voltage circuits. DC Contactor MarketTo know about the Research Methodology :- Request Free Sample Report 2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis especially with the impact of lockdown by region.

DC Contactor Market Dynamics:

Increasing the use of renewable resources The rapid expansion of solar & wind power in recent years has raised hopes for reducing greenhouse gas emissions & limiting climate change's effects. Other renewable energies such as solar energy, wind energy, hydro energy, & others are being used to conserve non-renewable resources. The rising cost of non-renewable resources & the dropping cost of renewable energies are two main factors driving increased use of non-renewable resources. The DC contactor's primary function is to regulate voltage, frequency modulation, and smooth current outflow. As a result, a boost in renewable resources in the environment will ultimately aid in the growth of the Dc contactor industry. Increasing the sales for EVs: Many manufacturers are involved in the production of electric vehicles, and the market for these vehicles has grown & will continue to grow during the forecast period. Because electric vehicles are one of the best methods to conserve nonrenewable fuels & reduce pollution, the electric vehicle sector has seen fast growth, with major car manufacturers participating. DC contactors are mostly used in electric cars to isolate high voltage batteries from high voltage networks. As a result, increased sales of DC contactors will contribute to a development in the DC contactor market as the electric vehicle market grows. Few areas of clean energy are as vibrant as the EV market. Approximately 130 000 electric automobiles were sold worldwide in the year 2012. In today's world, that many are sold in a single week. Even while the global pandemic decreased the market for conventional cars & manufacturers grappled with supply chain difficulties, growth has been particularly spectacular over the last three years. In the year 2019, 2.2 Mn electric cars were sold worldwide, accounting for only 2.5 % of total vehicle sales. The overall car market shrank in 2020, while electric car sales rose to 3 Mn, accounting for 4.1 % of total vehicle sales. Electric car sales more than doubled to 6.6 Mn in the year 2021, accounting for nearly 9% of worldwide car sales & more than tripling their market share from two years prior. Electric vehicles accounted for all of the net growth in worldwide car sales in the year 2021. Maximize report estimate that there are over 16 Mn electric cars on the road worldwide, requiring roughly 30 terawatt-hours (TWh) of electricity every year, or roughly the same amount as all the electricity generated in Ireland. In the year 2022, electric cars helped to reduce oil usage and CO2 emissions, though these gains were offset by an increase in SUV sales. Growth in Industrialization & Urbanization The continuous Increasing population affects the increase in the industries and which will also increase the consumption of more electricity. The increased usage of electricity will increase the DC contactor market as it is used to provide smooth electrical supply by controlling the flow of electricity. The increasing population will also lead to increased urbanization & will increase the electricity consumption rate and this may also help to increase the DC market. With increasing urbanization, the market for home appliances will also increase, sine the DC contactors are used mostly in the appliances like air conditioners, room heaters and other ventilation devices. The Restraining Factors Availability of alternatives Availability of alternatives like MOSFET switch & solenoids which are smaller in size is a main limitation for DC contactors. Since the alternate device occupy less space, demand for these is increasing in the market which affects the sales of the DC contactors. High price for DC contactor Compared to the other alternatives the price of dc contactor is high and which affect the sale of the device. Since the alternatives are present at low price the demand for the alternative’s contactors will increase and this may affect the market of DC contactors.

DC contactor Market Segment Analysis:

Based on Type, the DC contactors Market is segmented into two types those are general purpose & definite purpose of DC contactors. The household appliance industry, which has seen fast growth in recent years, uses a lot of general-purpose dc contactors. Electronic vehicles, which will increase intensely during the forecast period, use general-purpose DC contactors. Define it contractors are simple to utilise & replace, revealing vital truth. To control the direct flow of current in the circuit, dedicated contactors are typically utilised. Based on application, the DC contactor is subdivided into automotive application, industrial application and others. Automotive application includes manufacturing & development of motor vehicle. Whereas industrial DC contactors are used specifically for material handling equipment railway equipment telephonic systems etc, and will have increased market share in coming years as the demand for the industrial segment is increasing and will affects the DC contactor market positively. Industrial application will grow with 14% CAGR with the forecast period. Based on the end use industries, the DC contactors are segmented into electronic vehicle segment, industrial usage, home appliance segment and defence and aerospace segment. Among these the electric vehicle segment has seen a rapid and consistent growth in market and will dominate the global market as demand for EV has increased all over the globe. As demand for electric vehicle is increasing day by day the market for DC contactor will increase consistently. The electronic vehicle segment has 40% of market share according to 2020 and has consistent growth over the period which directly affects the DC market positively.

DC contactor Market Regional Insights:

The Asia Pacific Region dominated the market with 37.58 % share in 2021. The consistent growth will be seen during the forecast period with CAGR of 15%. Except for Europe, most other regions showed signs of creating a marketing environment. Europe, being the home of the majority of the world's industrialised countries & also due to its climatic-driven policies, is lagging behind in sparking the growth of the new market scenario. MMR Report study was examined by looking at the market on a local level, taking into account provincial market patterns, various impediments, & potential development prospects in certain areas. Growth in GDP per capita & infrastructure improvement in Asia-Pacific countries have urbanised various backward regions into metropolitan regions, which will boost the market in the long run. The objective of the report is to present a comprehensive analysis of the global DC contactors Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the DC contactors Market dynamic, structure by analyzing the market segments and projecting the DC contactors Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the DC contactors Market make the report investor’s guide.

DC Contactors Market Scope: Inquiry Before Buying

DC Contactors Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 331.01 Mn.
Forecast Period 2023 to 2029 CAGR: 7.9% Market Size in 2029: US $ 563.63 Mn.
Segments Covered: by Type • General purpose DC contactor • Definite Purpose DC contactor
by End user • Electric Vehicle • Home appliances • Industrial usage • Aerospace and Defense

DC Contactor Market, by Region

North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)

DC contactors Market Key Players

Omron Corp • Siemens AG • Rockwell Automation • ABB Inc • TE Connectivity • Mitsubishi Electric • Sensata Technologies • Ametek Switch • Hotson International • Trombetta Inc • Schalbau Company • Cotronics BV • Fujitsu Limited • Hefei Huanxin Technology Ltd • Song Chaun USA, Inc • Littelfuse • BSB Electronics Frequently Asked Questions: 1] What segments are covered in the Global DC contactors Market report? Ans. The segments covered in the DC contactors Market report are based on Product Type and End User. 2] Which region is expected to hold the highest share in the Global DC contactors Market? Ans. The Asian Pacific region is expected to hold the highest share in the DC contactors Market. 3] What is the market size of the Global DC contactors Market by 2029? Ans. The market size of the DC contactors Market by 2029 is expected to reach US$ 563.63 Mn. 4] What is the forecast period for the Global DC contactors Market? Ans. The forecast period for the DC contactors Market is 2023-2029. 5] What was the market size of the Global DC contactors Market in 2022? Ans. The market size of the DC contactors Market in 2022 was valued at US$ 331.01 Mn.
1. Global DC Contactor Market Size: Research Methodology 2. Global DC Contactor Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global DC Contactor Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global DC Contactor Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global DC Contactor Market Size Segmentation 4.1. Global DC Contactor Market Size, by Type (2022-2029) • General purpose DC contactor • Definite Purpose DC contactor 4.2. Global DC Contactor Market Size, by End User(2022-2029) • Electric Vehicle • Home appliances • Industrial usage • Aerospace and Defense 5. North America DC Contactor Market (2022-2029) 5.1. North America DC Contactor Market Size, by Type (2022-2029) • General purpose DC contactor • Definite Purpose DC contactor 5.2. North America DC Contactor Market Size, by End User(2022-2029) • Electric Vehicle • Home appliances • Industrial usage • Aerospace and Defense 5.3. North America Semiconductor Memory Market, by Country (2022-2029) • United States • Canada • Mexico 6. European DC Contactor Market (2022-2029) 6.1. European DC Contactor Market, by Type (2022-2029) 6.2. European DC Contactor Market, by End User(2022-2029) 6.3. European DC Contactor Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific DC Contactor Market (2022-2029) 7.1. Asia Pacific DC Contactor Market, by Type (2022-2029) 7.2. Asia Pacific DC Contactor Market, by End User(2022-2029) 7.3. Asia Pacific DC Contactor Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa DC Contactor Market (2022-2029) 8.1. Middle East and Africa DC Contactor Market, by Type (2022-2029) 8.2. Middle East and Africa DC Contactor Market, by End User(2022-2029) 8.3. Middle East and Africa DC Contactor Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America DC Contactor Market (2022-2029) 9.1. South America DC Contactor Market, by Type (2022-2029) 9.2. South America DC Contactor Market, by End User(2022-2029) 9.3. South America DC Contactor Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Omron Corp 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Siemens AG 10.3. Rockwell Automation 10.4. ABB Inc 10.5. TE Connectivity 10.6. Mitsubishi Electric 10.7. Sensata Technologies 10.8. Ametek Switch 10.9. Hotson International 10.10. Trombetta Inc 10.11. Schalbau Company 10.12. Cotronics BV 10.13. Fujitsu Limited 10.14. Hefei Huanxin Technology Ltd 10.15. Song Chaun USA, Inc 10.16. Littelfuse 10.17. BSB Electronics