Growing demand for renewable energy is projected to fuel the growth of the global DC Contactor market at a CAGR of 6.14% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published on the “Global DC Contactor Market”.

Market Research Future (MRFR) has published a cooked research report on the “global DC Contactor market” that contains the information from 2019 to 2030. The DC Contactor market is estimated to register a CAGR of 6.14% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global DC Contactor market— Siemens AG (Germany), Standard Motor Products Inc. (US), Hubbell Inc. (US), Schaltbau GmbH (Germany), Eaton Corporation plc (Ireland), Curtis Instruments (US), Zhejiang Dongya Electronic (China), AMETEK (US), Sensata Technologies Holding plc (US), Mitsubishi Electric Corporation (Japan), Rockwell Automation (US), TE Connectivity (Switzerland), Abb (Switzerland).

Market Highlights

The global DC Contactor market is accounted for to register a CAGR of 6.14% during the forecast period and is estimated to reach USD 849.25 million by 2030.

Fossil fuels are gradually being replaced by renewable energy sources around the world. Concerns about climate change and a desire to lessen our reliance on scarce resources are the driving forces behind this move. As a result, there is a rising need for renewable energy, which is predicted to present sizable market potential in the years to come.

The need to lower carbon emissions is one of the main reasons for the rising demand for renewable energy. Carbon dioxide, a significant cause of climate change, is released into the atmosphere when fossil fuels are burned. Because they don't emit any greenhouse gases, renewable energy sources like wind and solar power are viewed as a more sustainable option.

The rising cost competitiveness of renewable energy sources is another aspect influencing consumer demand. The cost of producing electricity from renewable sources has significantly decreased as technology has advanced. Renewable energy is currently more affordable than fossil fuel-based energy sources in many regions of the world, making it a more appealing alternative for both consumers and businesses.

The demand for renewable energy is largely being driven by governmental policies and regulations. Many nations have introduced incentives to promote the use of these sources as well as targets for the percentage of their energy that must come from renewable sources. For instance, some nations provide tax breaks or financial aid for renewable energy initiatives, while others mandate that utilities buy a specific percentage of renewable energy.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of DC Contactor Market Research Insigts

Segment Analysis

The global DC Contactor market has been segmented based on Product Type, Voltage, Current Ratings, End-Use, Application and Region.

The global DC Contactor Market segmentation, based on Product Type has been segmented as general purpose DC contactors and definite-purpose DC contactors. Among these, the general purpose DC contactors product type is anticipated to dominate the global DC Contactor market revenue through the projected period as estimated by MRFR analysts.

The development of the renewable energy industry will promote the expansion of the general purpose DC contactor market significantly. The demand for renewable energy systems is rising since there is a greater emphasis on lowering carbon emissions and encouraging sustainable energy sources. As they aid in regulating the flow of electricity from solar panels, wind turbines, and other renewable energy sources to the electrical grid, DC contactors play a significant role in renewable energy systems. The demand for DC contactors is anticipated to rise as the renewable energy industry continues to expand.

In the Voltage segment, the market is categorized as 800V, 1000V and 1200V. Out of which the 1000V segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. The demand for 1000V DC contactors is being fueled by the growing popularity of smart and connected gadgets as DC contactors are a crucial part of the sophisticated control systems that are needed for these devices.

The global DC Contactor Market segmentation, based on Current Ratings has been segmented as 50A, 80A, 100A, 150A and 200A. Among these, the 100A segment is anticipated to dominate the global DC Contactor market revenue through the projected period as estimated by MRFR analysts.  The development of automation and robotics is likely to fuel the DC contactor market's expansion. There is a growing demand for dependable and effective motor control systems as automation and robots are increasingly being used in a variety of industries. For power switching in these systems, DC contactors offer a straightforward and efficient solution, making them the top option for many manufacturers.

In the End-Use segment, the market is categorized as electric vehicles, PV solar, aerospace and defense, rail vehicles, industrial machinery and others. Out of which the electric vehicles segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. The increasing focus towards reducing the dependency on fossil fuel-based vehicles and decreasing carbon emission will drive the market of electric vehicles significantly in the coming years.

The global DC Contactor Market segmentation, based on Application has been segmented as motor application, power switching and others. Among these, the motor application segment is anticipated to dominate the global DC Contactor market revenue through the projected period as estimated by MRFR analysts.  The use of DC contactors as a switch for managing the power supply to the DC motors will increase its demand from motor application. They also help in controlling the operations of the motors by allowing their easy on and off.

Regional Analysis

By Region, the DC Contactor market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific DC Contactor market holds a considerable market share and is also forecasted to hold the largest share during the forecast period. DC contactors are employed in a number of marine sector applications, including power distribution, steering, and propulsion systems. The need for marine vessels is being driven by the abundance of ports and harbors in the Asia Pacific area. The region's demand for DC contactors is anticipated to be driven by the rising demand for marine boats. Furthermore, DC contactors are employed in a variety of aerospace-related applications, including illumination, landing gear, and flight control systems. DC contactor demand in the aerospace sector is anticipated to be driven by the rising demand for commercial aircraft in the Asia-Pacific region. The aerospace sector is predicted to grow significantly in China and India, which is fueling the region's demand for DC contactors.

Key Findings of the Study

• The global DC Contactor market is expected to reach USD 849.25 million by 2030, at a CAGR of 6.14% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market.


• Based on Product Type, the general purpose DC contactors segment was attributed to holding the largest market in 2022.


• Based on voltage, the 1000V segment was attributed to holding the largest market in 2022.


• Based on current ratings, the 100A segment was attributed to holding the largest market in 2022.


• Based on end-use, the electric vehicles segment was attributed to holding the largest market in 2022.


• Based on application, the motor application segment was attributed to holding the largest market in 2022.


• Siemens AG (Germany), Standard Motor Products Inc. (US), Hubbell Inc. (US), Schaltbau GmbH (Germany), Eaton Corporation plc (Ireland), Curtis Instruments (US), Zhejiang Dongya Electronic (China), AMETEK (US), Sensata Technologies Holding plc (US), Mitsubishi Electric Corporation (Japan), Rockwell Automation (US), TE Connectivity (Switzerland), Abb (Switzerland) are the key market players.