Global and United States Electromagnetic Contactor Market Report & Forecast 2022-2028

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.
Market Analysis and Insights: Global and United States Electromagnetic Contactor Market
This report focuses on global and United States Electromagnetic Contactor market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Electromagnetic Contactor market size is estimated to be worth US$ 2812.9 million in 2022 and is forecast to a readjusted size of US$ 4197.8 million by 2028 with a CAGR of 6.9% during the review period. Fully considering the economic change by this health crisis, by Type, AC Contactors accounting for % of the Electromagnetic Contactor global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Industrial Electric Motors was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
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.
Global Electromagnetic Contactor Scope and Market Size
Electromagnetic Contactor market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Electromagnetic Contactor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Electromagnetic Contactor market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
AC Contactors
DC Contactors
Segment by Application
Industrial Electric Motors
Lighting Automation
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Schneider Electric
ABB
Siemens
Eaton
CHINT Group
Fuji Electric
Delixi Electric
LS ELECTRIC
Mitsubishi
Tengen Group
Tianshui 213 Electrical
Nader

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