Direct Current (DC) Contactor Market Forecasts to 2030 – Global Analysis By Type (General Purpose DC Contactors and Definite-Purpose DC Contactors), Application (Power Switching, Motor Application and Other Applications), End User (Aerospace & Defense, Re

Direct Current (DC) Contactor Market Forecasts to 2030 – Global Analysis By Type (General Purpose DC Contactors and Definite-Purpose DC Contactors), Application (Power Switching, Motor Application and Other Applications), End User (Aerospace & Defense, Renewable Energy and Storage, Industrial Machinery and Other End Users) and By GeographyAccording to Stratistics MRC, the Global Direct Current (DC) Contactor Market is accounted for $445.6 million in 2023 and is expected to reach $948.9 million by 2030 growing at a CAGR of 11.4% during the forecast period. Direct current (DC) contactors regulate the flow of electricity to loads like motors and other machinery. While functionally identical to AC contactors, they are created expressly to operate with DC power systems. The coil and the contactor itself are the two major components of a DC contactor. The switching mechanism is part of the contactor. The contactor is turned on by the coil. Typically, a metal alloy, such copper or silver, is used to create the contactor. It is built to withstand the high voltages and currents. The coil is constructed by wrapping a wire around a core.

According to the United Nations report, 55% of the world's population lives in urban areas, which is likely to increase to a 68% growth rate by 2050. In addition, rapid urbanization also encourages the growth of these protectors.

Market Dynamics:

Driver:

Increasing use of contactors in renewable and electric energy

Due to the rising fuel costs and government subsidies, there is a growing demand for EVs and HEVs. To lessen their reliance on crude oil and cut down on automobile pollution, governments around the world are encouraging electric transportation. To disconnect the high-voltage battery from the high-voltage grid, such contactors are employed in EVs or HEVs. To lessen their reliance on crude oil and cut down on automobile pollution, governments around the world are encouraging electric transportation. In order to aid in the market's expansion, numerous automakers have begun producing electric or hybrid electric vehicles.

Restraint:

Expensive DC contactors

The expansion of the DC contactor market is being hampered by consumers switching to cheaper alternatives like relays and solenoids due to the high cost of these contactors. The shooters also required a spot that was closer to the center. In contrast, magnets and relays are less expensive and are more readily available than contractors. And also, if a component's maintenance is not done within a particular time limit, it may result in system failure or repeated failures, which may harm the system.

Opportunity:

Rising installations of HVAC Systems

HVAC systems are being installed more frequently as a result of consumers' growing need for comfort. In order to satisfy consumer demand, numerous businesses are creating items that offer a variety of advantages. The HVAC system also warns customers about system faults, maintenance schedules, and odd behavior to cut down on repair expenses. The development of HVAC systems in commercial and residential sectors is also being fueled by abrupt climate change. Since DC contactors are primarily employed in HVAC systems to regulate the voltage provided to the loads, the expanding HVAC system stimulates the development of these devices. High voltage transmission lines for renewable energy sources and reducing failure risk by making more inverters available in substations that allow connecting to a generator during a power outage are the main factors influencing worldwide market developments.

Threat:

Must be replaced within a specific timeframe.

As relay aging leads to dust issues and might cause system failure, the DC contactor needs to be replaced within a particular time frame. Leading manufacturers are, however, working on strategies to lessen these dangers. For example, Panasonic introduced EV-A Series Automotive Relay, suitable for usage in electric vehicles, DC Charging Stations, and other high-voltage DC applications such as Hybrid Construction Equipment.

Covid-19 Impact:

The market's expansion has been limited by the COVID outbreak. During the epidemic, market expansion was constrained by stringent government regulations. The development of these shooters has been hampered by the suspension or permanent closure of certain industrial projects. The global sales of electric vehicles in 2020 are also a two-act play. Lockdown procedures in 2020 froze consumer demand as well as manufacturing facilities and supply chains on the one hand. It was widely anticipated that EV market share would likely be more resilient than the larger vehicle sector as the pandemic started to intensify in early 2020.

The general purpose DC contactors segment is expected to be the largest during the forecast period

The general purpose DC contactors segment is estimated to have a lucrative growth, due to because of their widespread use in the HVAC sector. The end users of motors, power switching, process automation, and voltage fluctuation prevention all require general-purpose DC contactors. However, due to their ease of use and simple interchangeability, contractors with definite purposes are also experiencing tremendous market growth. Generally speaking, general-purpose contactors are used to regulate direct power flow in a circuit.

The electric vehicles segment is expected to have the highest CAGR during the forecast period

The electric vehicles segment is anticipated to witness the highest CAGR growth during the forecast period due to growing demand for low carbon emissions, the electric vehicle market segment has dominated the global market trend. Since electric vehicles don't directly emit carbon, they are less damaging to the environment than cars with internal combustion engines. They are also less expensive and more affordable to operate. These factors indicate that the need for these contactors is rising along with the demand for EVs.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to region's growing industrialization and commercialization, Asia Pacific will continue to have the largest global market share for DC contactors during the projection period. Furthermore, one of the key drivers of market expansion is the growing urbanization of developing nations and the rising uptake of renewable energy initiatives.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period; owing to extensive development initiatives. Large-scale industrial and commercial operations increase the area's electricity usage, and contractors have the ability to control or shut off the electricity. In addition, many of the leading automakers in the world, including BMW, Daimler, Delphi, Volkswagen Group, Ford, Hyundai, and Renault, are relocating to the area and supporting the use of EV and HEV contractors.

Key players in the market

Some of the key players in xx market include Omron Corp., Rockwell Automation, ABB, Mitsubishi Electric, Ametec Switch, Hotson International Ltd., Siemens AG, Cotronics BV, Schaltbau Company, TE Connectivity, Sensata Technologies Inc., Trombetta Inc, Fujitsu Limited, Song Chaun USA, Inc, BSB Electronics, Hefei Huanxin Technology Ltd and Littelfuse

Key Developments:

In April 2023, Littelfuse, Inc., announced its product portfolio expansion of direct current (DC) contactors majorly for industrial applications. The company aims to provide more flexibility for developing high-powered EVs.

In February 2023, Mitsubishi Electric Corporation announced that on February 16, it entered into a stock transfer agreement to acquire 100% of Scibreak AB, a Sweden-based company that develops direct current circuit breakers (DCCBs).

In December 2022, ABB announced that it had signed an agreement to purchase Siemens' low-voltage NEMA motor business. This acquisition brings a respected product portfolio with manufacturing operations in Mexico.

Types Covered:
• General Purpose DC Contactors
• Definite-Purpose DC Contactors

Applications Covered:
• Power Switching
• Motor Application
• Other Applications

End Users Covered:
• Aerospace & Defense
• Renewable Energy and Storage
• Industrial Machinery
• Electric Vehicles
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Direct Current (DC) Contactor Market, By Type
5.1 Introduction
5.2 General Purpose DC Contactors
5.3 Definite-Purpose DC Contactors
6 Global Direct Current (DC) Contactor Market, By Application
6.1 Introduction
6.2 Power Switching
6.3 Motor Application
6.4 Other Applications
7 Global Direct Current (DC) Contactor Market, By End User
7.1 Introduction
7.2 Aerospace & Defense
7.3 Renewable Energy and Storage
7.4 Industrial Machinery
7.5 Electric Vehicles
7.5.1 Commercial Vehicles
7.5.2 Passenger Vehicles
7.5.3 Buses
7.6 Other End Users
8 Global Direct Current (DC) Contactor Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Omron Corp.
10.2 Rockwell Automation
10.3 ABB
10.4 Mitsubishi Electric
10.5 Ametec Switch
10.6 Hotson International Ltd.
10.7 Siemens AG
10.8 Cotronics BV
10.9 Schaltbau Company
10.10 TE Connectivity
10.11 Sensata Technologies Inc.
10.12 Trombetta Inc
10.13 Fujitsu Limited
10.14 Song Chaun USA, Inc
10.15 BSB Electronics
10.16 Hefei Huanxin Technology Ltd
10.17 Littelfuse
List of Tables
Table 1 Global Direct Current (DC) Contactor Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Direct Current (DC) Contactor Market Outlook, By Type (2021-2030) ($MN)
Table 3 Global Direct Current (DC) Contactor Market Outlook, By General Purpose DC Contactors (2021-2030) ($MN)
Table 4 Global Direct Current (DC) Contactor Market Outlook, By Definite-Purpose DC Contactors (2021-2030) ($MN)
Table 5 Global Direct Current (DC) Contactor Market Outlook, By Application (2021-2030) ($MN)
Table 6 Global Direct Current (DC) Contactor Market Outlook, By Power Switching (2021-2030) ($MN)
Table 7 Global Direct Current (DC) Contactor Market Outlook, By Motor Application (2021-2030) ($MN)
Table 8 Global Direct Current (DC) Contactor Market Outlook, By Other Applications (2021-2030) ($MN)
Table 9 Global Direct Current (DC) Contactor Market Outlook, By End User (2021-2030) ($MN)
Table 10 Global Direct Current (DC) Contactor Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 11 Global Direct Current (DC) Contactor Market Outlook, By Renewable Energy and Storage (2021-2030) ($MN)
Table 12 Global Direct Current (DC) Contactor Market Outlook, By Industrial Machinery (2021-2030) ($MN)
Table 13 Global Direct Current (DC) Contactor Market Outlook, By Electric Vehicles (2021-2030) ($MN)
Table 14 Global Direct Current (DC) Contactor Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
Table 15 Global Direct Current (DC) Contactor Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
Table 16 Global Direct Current (DC) Contactor Market Outlook, By Buses (2021-2030) ($MN)
Table 17 Global Direct Current (DC) Contactor Market Outlook, By Other End Users (2021-2030) ($MN)
Table 18 North America Direct Current (DC) Contactor Market Outlook, By Country (2021-2030) ($MN)
Table 19 North America Direct Current (DC) Contactor Market Outlook, By Type (2021-2030) ($MN)
Table 20 North America Direct Current (DC) Contactor Market Outlook, By General Purpose DC Contactors (2021-2030) ($MN)
Table 21 North America Direct Current (DC) Contactor Market Outlook, By Definite-Purpose DC Contactors (2021-2030) ($MN)
Table 22 North America Direct Current (DC) Contactor Market Outlook, By Application (2021-2030) ($MN)
Table 23 North America Direct Current (DC) Contactor Market Outlook, By Power Switching (2021-2030) ($MN)
Table 24 North America Direct Current (DC) Contactor Market Outlook, By Motor Application (2021-2030) ($MN)
Table 25 North America Direct Current (DC) Contactor Market Outlook, By Other Applications (2021-2030) ($MN)
Table 26 North America Direct Current (DC) Contactor Market Outlook, By End User (2021-2030) ($MN)
Table 27 North America Direct Current (DC) Contactor Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 28 North America Direct Current (DC) Contactor Market Outlook, By Renewable Energy and Storage (2021-2030) ($MN)
Table 29 North America Direct Current (DC) Contactor Market Outlook, By Industrial Machinery (2021-2030) ($MN)
Table 30 North America Direct Current (DC) Contactor Market Outlook, By Electric Vehicles (2021-2030) ($MN)
Table 31 North America Direct Current (DC) Contactor Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
Table 32 North America Direct Current (DC) Contactor Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
Table 33 North America Direct Current (DC) Contactor Market Outlook, By Buses (2021-2030) ($MN)
Table 34 North America Direct Current (DC) Contactor Market Outlook, By Other End Users (2021-2030) ($MN)
Table 35 Europe Direct Current (DC) Contactor Market Outlook, By Country (2021-2030) ($MN)
Table 36 Europe Direct Current (DC) Contactor Market Outlook, By Type (2021-2030) ($MN)
Table 37 Europe Direct Current (DC) Contactor Market Outlook, By General Purpose DC Contactors (2021-2030) ($MN)
Table 38 Europe Direct Current (DC) Contactor Market Outlook, By Definite-Purpose DC Contactors (2021-2030) ($MN)
Table 39 Europe Direct Current (DC) Contactor Market Outlook, By Application (2021-2030) ($MN)
Table 40 Europe Direct Current (DC) Contactor Market Outlook, By Power Switching (2021-2030) ($MN)
Table 41 Europe Direct Current (DC) Contactor Market Outlook, By Motor Application (2021-2030) ($MN)
Table 42 Europe Direct Current (DC) Contactor Market Outlook, By Other Applications (2021-2030) ($MN)
Table 43 Europe Direct Current (DC) Contactor Market Outlook, By End User (2021-2030) ($MN)
Table 44 Europe Direct Current (DC) Contactor Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 45 Europe Direct Current (DC) Contactor Market Outlook, By Renewable Energy and Storage (2021-2030) ($MN)
Table 46 Europe Direct Current (DC) Contactor Market Outlook, By Industrial Machinery (2021-2030) ($MN)
Table 47 Europe Direct Current (DC) Contactor Market Outlook, By Electric Vehicles (2021-2030) ($MN)
Table 48 Europe Direct Current (DC) Contactor Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
Table 49 Europe Direct Current (DC) Contactor Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
Table 50 Europe Direct Current (DC) Contactor Market Outlook, By Buses (2021-2030) ($MN)
Table 51 Europe Direct Current (DC) Contactor Market Outlook, By Other End Users (2021-2030) ($MN)
Table 52 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Country (2021-2030) ($MN)
Table 53 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Type (2021-2030) ($MN)
Table 54 Asia Pacific Direct Current (DC) Contactor Market Outlook, By General Purpose DC Contactors (2021-2030) ($MN)
Table 55 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Definite-Purpose DC Contactors (2021-2030) ($MN)
Table 56 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Application (2021-2030) ($MN)
Table 57 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Power Switching (2021-2030) ($MN)
Table 58 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Motor Application (2021-2030) ($MN)
Table 59 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Other Applications (2021-2030) ($MN)
Table 60 Asia Pacific Direct Current (DC) Contactor Market Outlook, By End User (2021-2030) ($MN)
Table 61 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 62 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Renewable Energy and Storage (2021-2030) ($MN)
Table 63 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Industrial Machinery (2021-2030) ($MN)
Table 64 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Electric Vehicles (2021-2030) ($MN)
Table 65 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
Table 66 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
Table 67 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Buses (2021-2030) ($MN)
Table 68 Asia Pacific Direct Current (DC) Contactor Market Outlook, By Other End Users (2021-2030) ($MN)
Table 69 South America Direct Current (DC) Contactor Market Outlook, By Country (2021-2030) ($MN)
Table 70 South America Direct Current (DC) Contactor Market Outlook, By Type (2021-2030) ($MN)
Table 71 South America Direct Current (DC) Contactor Market Outlook, By General Purpose DC Contactors (2021-2030) ($MN)
Table 72 South America Direct Current (DC) Contactor Market Outlook, By Definite-Purpose DC Contactors (2021-2030) ($MN)
Table 73 South America Direct Current (DC) Contactor Market Outlook, By Application (2021-2030) ($MN)
Table 74 South America Direct Current (DC) Contactor Market Outlook, By Power Switching (2021-2030) ($MN)
Table 75 South America Direct Current (DC) Contactor Market Outlook, By Motor Application (2021-2030) ($MN)
Table 76 South America Direct Current (DC) Contactor Market Outlook, By Other Applications (2021-2030) ($MN)
Table 77 South America Direct Current (DC) Contactor Market Outlook, By End User (2021-2030) ($MN)
Table 78 South America Direct Current (DC) Contactor Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 79 South America Direct Current (DC) Contactor Market Outlook, By Renewable Energy and Storage (2021-2030) ($MN)
Table 80 South America Direct Current (DC) Contactor Market Outlook, By Industrial Machinery (2021-2030) ($MN)
Table 81 South America Direct Current (DC) Contactor Market Outlook, By Electric Vehicles (2021-2030) ($MN)
Table 82 South America Direct Current (DC) Contactor Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
Table 83 South America Direct Current (DC) Contactor Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
Table 84 South America Direct Current (DC) Contactor Market Outlook, By Buses (2021-2030) ($MN)
Table 85 South America Direct Current (DC) Contactor Market Outlook, By Other End Users (2021-2030) ($MN)
Table 86 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Country (2021-2030) ($MN)
Table 87 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Type (2021-2030) ($MN)
Table 88 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By General Purpose DC Contactors (2021-2030) ($MN)
Table 89 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Definite-Purpose DC Contactors (2021-2030) ($MN)
Table 90 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Application (2021-2030) ($MN)
Table 91 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Power Switching (2021-2030) ($MN)
Table 92 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Motor Application (2021-2030) ($MN)
Table 93 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Other Applications (2021-2030) ($MN)
Table 94 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By End User (2021-2030) ($MN)
Table 95 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 96 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Renewable Energy and Storage (2021-2030) ($MN)
Table 97 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Industrial Machinery (2021-2030) ($MN)
Table 98 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Electric Vehicles (2021-2030) ($MN)
Table 99 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
Table 100 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
Table 101 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Buses (2021-2030) ($MN)
Table 102 Middle East & Africa Direct Current (DC) Contactor Market Outlook, By Other End Users (2021-2030) ($MN)

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