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AC Contactor Market Share

Report ID: GMI7253
Published Date: Nov 2023
Report Format: PDF

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AC Contactor Market Share

Siemens, TE Connectivity Sensata Technologies, Inc, Mitsubishi Electric Corporation & ABB holds the majority share in the AC contactor. The industry is marked by both established global players and regional companies, where the competition is driving innovation and efficiency, benefiting customers in terms of better technology and competitive pricing across the end use segment:

TE Connectivity
Siemens
Toshiba International Corporation
Schneider Electric
Fuji Electric FA Components & Systems Co., Ltd.
LS ELECTRIC
Sensata Technologies, Inc.
Curtiss-Wright
GEYA Electrical Equipment Supply
Eaton
L&T
Schaltbau
ABB
Mitsubishi Electric Corporation
K.A. Schmersal GmbH & Co. KG
LOVATO Electric S.p.A.
Carlo Gavazzi
RockwellAutomation

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of AC contactor was exceeded USD 493.9 million in 2022 and will record over 5.4% CAGR from 2023 to 2032, due to adoption in variety of industrial and commercial applications to control the flow of alternating current (AC) in electrical circuits.

Electromagnetic AC contactor market size is likely to witness over 5.4% CAGR from 2023 to 2032, driven by the increasing emphasis on energy efficiency along with high adoption of green technology.

Asia Pacific AC contactor market size is expected to record over 6% CAGR through 2032, owing to economic growth, industrial advancements, environmental considerations, technological advancements, and the emergence of new applications.

TE Connectivity, Siemens, Toshiba International Corporation, Schneider Electric, LS ELECTRIC, Sensata Technologies, Inc., Curtiss-Wright, and GEYA Electrical Equipment Supply are some of the prominent AC contactor suppliers.