GITNUX MARKETDATA REPORT 2024
Contactors Industry Statistics
The contactors industry statistics provide insight into market size, growth trends, key players, and revenues in the global contactors market.
In this post, we will explore key statistics and trends shaping the contactors industry, providing valuable insights into market dynamics and growth projections. From the global market size to regional market shares, application segments, and emerging opportunities, we break down the data to offer a comprehensive overview of this dynamic industry. Let’s dive into the numbers that drive the contactors industry forward.
Statistic 1
"The global contactor market size was valued at USD 4.62 Billion in 2018."
Statistic 2
"The contactor market is expected to reach USD 9.84 Billion by 2026, as per estimated CAGR of 8.6%."
Statistic 3
"Asia Pacific region lead the market share with 35% in 2018."
Statistic 4
"The motor application segment had the largest demand for contactors, accounting for over 60% share in 2018."
Statistic 5
"HVAC industry's use of contactors is expected to increase at a CAGR of 10.1% from 2019 to 2026."
Statistic 6
"Demand for contactors in pumps is expected to reach an assessment of about USD 760 Million by 2026."
Statistic 7
"Industrial end-use verticals contributed to over 55% of the total revenue in 2018."
Statistic 8
"North America is estimated to account for an approximate 27% of the total market share by 2026."
Statistic 9
"The low-voltage segment held the largest market share of around 63% in terms of revenue in 2018."
Statistic 10
"AC contactors segment dominates the overall contactors market, contributing about 73% of the total demand."
Statistic 11
"Automation industry is expected to grow at the highest CAGR of 10% between 2019 and 2026."
Statistic 12
"Medium-voltage contactor demand is expected to reach USD 3 Billion by the end of 2026."
Statistic 13
"Industrial segment is expected to account for approximately USD 7.4 billion by the end of 2026."
Statistic 14
"Germany, specifically, is the largest consumer of contactors in Europe in 2018, followed by France and Italy."
Statistic 15
"Japan holds approximately 12.1% of the worldwide contactor industry market share in 2018."
Statistic 16
"It is predicted that by 2026, India will become one of the top five markets for contactors."
Jannik Lindner
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