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Download Free sampleThe global Electromagnetic Contactor market was valued at US$ 2692.8 million in 2022 and is projected to reach US$ 4213 million by 2029, at a CAGR of 6.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Electromagnetic Contactor or magnetic contactor is an electromagnetic type contactor and it can operate automatically. When electricity flows through the magnetic contactor, it causes the electromagnet to generate a strong magnetic field. This field pulls the iron core into the coil, and creates an electrical arc. Electricity passes in through one contact and into the contactor?s parent device in this manner. To deactivate, the contactor can be physically pulled from the parent device. Also, in the absence of electrical current, the spring pushes the core away from the coil, breaking the connection.
Electromagnetic Contactor Market aims to provide a comprehensive presentation of the global market for Electromagnetic Contactor, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electromagnetic Contactor. Electromagnetic Contactor Market contains market size and forecasts of Electromagnetic Contactor in global, including the following market information:
Global Electromagnetic Contactor key players include Schneider Electric, ABB, Siemens, Eaton, CHINT Group etc, the top five manufacturers held 51.76% of the market, in terms of Electromagnetic Contactor revenue.
China is the largest market, with a share about 70%, followed by Europe, which have a share over 10 percent.
In terms of product, AC Contactors is the largest segment, with a share over 80%. And in terms of application, the largest application is Industrial Electric Motors, followed by Lighting Automation.
We surveyed the Electromagnetic Contactor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electromagnetic Contactor Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Electromagnetic Contactor Market Segment Percentages, by Type, 2022 (%)
Global Electromagnetic Contactor Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Electromagnetic Contactor Market Segment Percentages, by Application, 2022 (%)
Global Electromagnetic Contactor Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Electromagnetic Contactor Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electromagnetic Contactor revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Electromagnetic Contactor revenues share in global market, 2022 (%)
Key companies Electromagnetic Contactor sales in global market, 2018-2023 (Estimated), (M Units)
Key companies Electromagnetic Contactor sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters:
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