Global Electromagnetic Contactor Market Growth 2023-2029

Global Electromagnetic Contactor Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Electromagnetic Contactor Industry Forecast” looks at past sales and reviews total world Electromagnetic Contactor sales in 2022, providing a comprehensive analysis by region and market sector of projected Electromagnetic Contactor sales for 2023 through 2029. With Electromagnetic Contactor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electromagnetic Contactor industry.
This Insight Report provides a comprehensive analysis of the global Electromagnetic Contactor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electromagnetic Contactor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electromagnetic Contactor market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electromagnetic Contactor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electromagnetic Contactor.
The global Electromagnetic Contactor market size is projected to grow from US$ 2560.1 million in 2022 to US$ 4153.6 million in 2029; it is expected to grow at a CAGR of 4153.6 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Electromagnetic Contactor market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
AC Contactors
DC Contactors
Segmentation by application
Industrial Electric Motors
Lighting Automation
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Schneider Electric
ABB
Siemens
Eaton
CHINT Group
Fuji Electric
Delixi Electric
LS ELECTRIC
Mitsubishi
Tengen Group
Tianshui 213 Electrical
Nader

Key Questions Addressed in this Report
What is the 10-year outlook for the global Electromagnetic Contactor market?
What factors are driving Electromagnetic Contactor market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electromagnetic Contactor market opportunities vary by end market size?
How does Electromagnetic Contactor break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.