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Electric Vehicle DC Contactor Market Share

Report ID: GMI10956
Published Date: Aug 2024
Report Format: PDF

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Electric Vehicle DC Contactor Market Share

TE Connectivity, Panasonic Corporation, Eaton Corporation, and Mitsubishi Electric Corporation are some of the key manufacturers in the EV DC contactor industry. TE Connectivity is renowned for its high-voltage contactors tailored for electric and hybrid vehicles with a strong emphasis on meeting rigorous safety and reliability standards.

Electric Vehicle DC Contactor Market Companies

Some of the major key players operating across the electric vehicle DC 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 DC contactor was worth over USD 113.7 million in 2023 and is set grow at a 7.4% CAGR between 2024 and 2032, driven by the increasing adoption of electric vehicles, which require efficient and reliable electrical systems for battery management and power distribution.

Electric vehicle DC contactor market from the battery management system segment will record 7.2% CAGR up to 2032, primarily due to its critical role in ensuring the safety, efficiency, and longevity of EV batteries.

Asia Pacific electric vehicle DC contactor industry will reach USD 82 million by 2032, propelled by rapid growth in EV adoption, significant investments in electric mobility infrastructure, and supportive government policies promoting green transportation.

Some of the key electric vehicle DC contactor industry players are ABB, Carlo Gavazzi, Eaton, Fuji Electric FA Components and Systems Co., Ltd., GEYA Electrical Equipment Supply, K.A. Schmersal GmbH and Co. KG, Mitsubishi Electric Corporation, Panasonic Corporation, Rockwell Automation, Schneider Electric, Siemens, TE Connectivity, and Toshiba International Corporation, among others.