About Modular Contactors
Modular contactors can be used to automate processes in buildings and facilities (using a variety of possible parameters). Modular contactors are chiefly used in the field of facilities installations, for example to switch and control lighting systems, heating, ventilation, pumps, heat pumps or air conditioning and other building automation requirements.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Modular Contactors market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eaton (Ireland), ABB (Switzerland), Eti (Slovenia), Finder (Italy), Lovato Electric (Italy), Chorus Electric (Romania), Schneider Electric (France) and Legrand (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Modular Contactors market by Type (High Pressure, Medium Voltage and Low Pressure), Application (Industrial, Agricultural, Commercial Premises, Hospital, Home and Others) and Region.
On the basis of geography, the market of Modular Contactors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing technology penetration in electrical appliances market
Market Growth Drivers:
Growing electrical appliances industry
Challenges:
Installation & Wiring
Restraints:
Rising raw material prices
Opportunities:
Increasing use of modular contactors in emerging regions
Market Leaders and their expansionary development strategies
In December 2023, Medtronic partners with Cosmo to use AI to improve endoscopic software. The collaboration plans to capitalise on the success of the GI Genius intelligent endoscopy module to integrate artificial intelligence (AI) into endoscopic modules. In 2021, the GI Genius module received De Novo clearance from the US Food and Drug Administration (FDA) as the first AI system for use in colonoscopies.
In May 2023, Modular contactors of the e.mc series by E.NEXT (hereinafter referred to as MC) are designed for operation in low-voltage 230/400 V AC power grids and are intended for switching active and slightly inductive loads in control systems for lighting, heating elements, fans, pumps, etc. Due to the low noise level during operation, the main area of application for modular contactors is the automation of residential and office building systems.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.