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Electric Vehicle Contactor Market Share

Report ID: GMI9877
Published Date: Jun 2024
Report Format: PDF

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Electric Vehicle Contactor Market Share

TE Connectivity, Panasonic Corporation, Eaton Corporation, and Mitsubishi Electric Corporation are few of the major manufacturers in the EC contactor industry. While TE Connectivity is known for their high-voltage contactors designed for electric and hybrid vehicles, the company focuses on providing solutions that meet stringent safety and reliability standards and Panasonic offers a range of EV contactors that are compact and efficient, catering to the growing needs of the EV market.

Electric Vehicle Contactor Market Companies

Some of the key market players operating across the electric vehicle contactor industry are:

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

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of electric vehicle contactor was reached USD 227.5 million in 2023 and will grow at 6.9% CAGR from 2024 to 2032, driven by advancing technologies and a growing emphasis on EV infrastructure development.

The charging system application segment of the electric vehicle contactor market is anticipated to witness over 6.8% CAGR during 2024 to 2032, as smart charging solutions are becoming increasingly popular, allowing remote monitoring, scheduling, and optimization of charging sessions.

Asia Pacific electric vehicle contactor market is anticipated to reach over USD 157 million by 2032, driven by the escalating demand for electric vehicles, coupled with advancing technology.

ABB, Carlo Gavazzi, Eaton, Fuji Electric FA Components & Systems Co., Ltd., GEYA Electrical Equipment Supply, K.A. Schmersal GmbH & Co. KG, L&T, LOVATO Electric S.p.A, LS ELECTRIC, and Mitsubishi Electric Corporation among others.