According to a market report by Lucintel, the future of the global safety contactor market looks promising with opportunities in the motor, transformer, and capacitor markets. The global safety contactor market is expected to grow with a CAGR of 6.4% from 2025 to 2031. The major drivers for this market are the increasing demand for industrial automation and control, rising adoption of energy-efficient systems, and growing need for electrical safety solutions.
A more than 150-page report to understand trends, opportunity and forecast in safety contactor market to 2031 by type (dc contactor and ac contactor), application (motor, transformer, capacitor, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, dc contactor is expected to witness higher growth over the forecast period due to expanding renewable energy applications.
Within the application category, motor is expected to witness the highest growth due to rising industrial automation demand.
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In terms of region, APAC is expected to witness the highest growth over the forecast period due to industrial expansion.
TS Industrial, Rockwell Automation, Eaton, SMC Electric, ABB are the major suppliers in the safety contactor market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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