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Europe Electric Vehicle Contactor Market Share

Report ID: GMI9931
Published Date: Jun 2024
Report Format: PDF

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Europe Electric Vehicle Contactor Market Share

Europe Electric Vehicle Contactor Company Market Share Analysis, 2023

TE Connectivity, Panasonic Corporation, Eaton Corporation, and Mitsubishi Electric Corporation are among the leading manufacturers in the Europe electric vehicle (EV) contactor industry. TE Connectivity is renowned for its high-voltage contactors specifically designed for electric and hybrid vehicles, emphasizing stringent safety and reliability standards. Panasonic offers a variety of compact and efficient EV contactors, addressing the increasing demands of the EV market.

Europe Electric Vehicle Contactor Market Companies

Major key players operating across the Europe 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
Schneider Electric
Sensata Technologies, Inc.
Siemens
TE Connectivity
Toshiba International Corporation

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of Europe electric vehicle contactor was crossed USD 57 million in 2023 and will grow at 6.7% CAGR during 2024 to 2032, owing to government regulations aimed at reducing emissions and rising consumer interest in eco-friendly transportation.

Europe DC electric vehicle contactor market is estimated to surpass USD 52 million by 2032, owing to the rapid development of DC contactors with increased current handling capabilities.

Germany EV contactor market recorded decent growth in 2023 and is estimated to exceed over USD 38.5 million by 2032, owing to the rising private & public deals for consumers with generous subsidies and tax breaks.

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, Schneider Electric, and Sensata Technologies, Inc. among others.