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Asia Pacific Electric Vehicle Contactor Market Share

Report ID: GMI11570
Published Date: Sep 2024
Report Format: PDF

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Asia Pacific Electric Vehicle Contactor Market Share

Asia Pacific Electric Vehicle Contactor Company Market Share Analysis, 2023

Leading manufacturers in the Asia Pacific EV contactor market include TE Connectivity, Panasonic Corporation, Eaton Corporation, and Mitsubishi Electric Corporation. These companies are known for their high-voltage contactors designed for electric and hybrid vehicles, prioritizing safety and reliability. In addition, the company offers compact, efficient contactors to meet the growing demands of the EV market.

Asia Pacific Electric Vehicle Contactor Market Companies

Major key players operating across the Asia Pacific electric vehicle contactor industry are:

ABB
Carlo Gavazzi
Eaton
Fuji Electric
GEYA
L&T
LOVATO Electric
LS Electric
Mitsubishi Electric
Panasonic
Rockwell Automation
Schneider Electric
Sensata Technologies
Siemens
TE Connectivity
Toshiba

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Asia Pacific market for electric vehicle contactor was worth over USD 85.6 million in 2023 and will grow at a 7.3% CAGR from 2024 to 2032, due to rising electric vehicle adoption along with favourable government policies towards the development of EV infrastructure.

Asia Pacific electric vehicle contactor market from the charging system application segment is anticipated to grow at over 7% CAGR through 2032, led by continuous innovations in EV technology, such as advancements in battery efficiency and powertrain systems.

China EV contactor market is estimated to exceed USD 41 million by 2032, owing to growing adoption of electric vehicles for public transportation and logistics.

TE Connectivity, Panasonic Corporation, Eaton Corporation, Mitsubishi Electric Corporation, ABB, Carlo Gavazzi, Eaton, Fuji Electric, GEYA, and L&T, among others.