Global DC Contactors Market Driven by Rapid Urbanization in Developing Economies

Published On : 15 Jun 2017 announces the addition of a new study to its growing online market intelligence repository. The report assesses the figures of the global DC contactor market and presents reliable forecasts as to the market’s growth prospects over the coming years. The historical development trajectory of the global DC contactor market up to 2017 is examined in the report, lending solid factual support to the analysis and estimations presented in the report. The geographical and competitive dynamics of the global DC contactor market are also presented in the report, helping deliver a comprehensive picture of the market. The report is titled ‘Global DC Contactor Market Professional Survey 2017 Industry Trend and Forecast 2022.’

According to the report, the global DC contactor market is expected to rise to US$484.8 mn by 2022, exhibiting a robust 13.59% CAGR from 2017 to 2022. The market was valued at US$256.3 mn in 2017.

DC contactors are a vital part of the electrical and electronics sector and their market is thus dependent to a large extent on the rising demand for electrical fittings in emerging economies. Developing economies in Southeast Asia and Latin America have witnessed robust urbanization drives in recent years, which has been a prime contributor to the demand from the global DC contactor market. The rising number of residential as well as commercial establishments in emerging economies is likely to be a key demand driver for the DC contactor market. The increasing use of smart home technology and other electrical systems among real estate buyers in developing countries is also likely to contribute to the growth of the global DC contactor market in the coming years. 

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Apart from China, India, Japan, and Southeast Asia, the performance of the DC contactor market in North America and Europe is also studied in the report. 

By product type, the global DC contactor market is segmented into general purpose and definite purpose DC contactors. To gain a clear understanding of the breakdown of the DC contactor market by application, the report reviews the performance of DC contactors in motor applications, power switching, and others.

The report provides 2012-2017 statistics for each key segment of the global DC contactors market in order to shed light on the development patterns exhibited by the market. Latest figures illustrating the performance of the DC contactors market are provided in detail in the report in order to provide a granular picture of the market’s latest conditions. This provides the base for reliable predictions regarding the DC contactor market’s growth till 2022. 

Leading players in the global DC contactors market are profiled in the report to provide a clear picture of the competitive dynamics of the market. Key companies examined in the report include Zhejiang Dongya Electronic, ABB, Eaton, Siemens, Rockwell Automation, AMETEK, Trombetta, Curtis Instruments, and Mitsubishi Electric Corporation. 


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