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Europe Electric Vehicle Contactor Market Size
- Report ID: GMI9931
- Published Date: Jun 2024
- Report Format: PDF
Europe Electric Vehicle Contactor Market Size
Europe Electric Vehicle Contactor Market was valued at USD 57 million in 2023 and will grow at a CAGR of over 6.7% between 2024 and 2032, driven by government regulations aimed at reducing emissions and rising consumer interest in eco-friendly transportation. The policy makers targets mandating lower CO2 emissions from cars which are pushing automakers to rapidly invest in EV deployment which in turn is adding to the market growth.
The European EV market is witnessing a higher growth owing to increasing government measures in improving battery technology and rapid adoption of electric vehicles. In addition, countries are pushing for higher EV adoption to meet environmental goals, leading to increased demand for EV components, including contactors.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Electric Vehicle Contactor Market Size in 2023: | USD 57 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 6.7% |
| 2032 Value Projection: | USD 99.4 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 90 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Product, Voltage, Application, and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Electric Vehicle Contactor Market Scope
