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Industrial Machinery Contactor Market Share

Report ID: GMI11392
Published Date: Sep 2024
Report Format: PDF

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Industrial Machinery Contactor Market Share

Companies like ABB, Mitsubishi Electric Corporation, Sensata Technologies, Siemens Energy, & TE Connectivity through technological advancements and unique design features, are differentiating their products in the market. Partnerships with utilities and large-scale customers help manufacturers understand specific requirements and tailor their products accordingly. Strong relationships with key stakeholders can also lead to long-term contracts and preferred vendor status.

Industrial Machinery Contactor Market Companies

ABB
Carlo Gavazzi
Curtiss-Wright
Durakool
Eaton Corporation
GEYA Electrical Equipment Supply
K.A. Schmersal GmbH & Co. KG
LOVATO Electric S.p.A.
LS ELECTRIC
Mitsubishi Electric Corporation
Rockwell Automation
Schaltbau
Schneider Electric
Sensata Technologies, Inc.
Siemens Energy
Solid State Supplies
TE Connectivity
Toshiba International Corporation

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Market size for industrial machinery contactor was worth USD 189.1 million in 2023 and will expand at a 5.2% CAGR between 2024 and 2032, driven by rising industrial automation, increasing demand for energy-efficient systems, and advancements in manufacturing processes.

The DC contactor segment will achieve 4.5% CAGR through 2032 due to its critical role in controlling high-voltage direct current circuits.

Asia Pacific industry will exceed USD 116.5 million by 2032, owing to region's strong manufacturing base, expanding energy sector, and the growing adoption of electric vehicles and renewable energy systems.

Key players operating in the industrial machinery contactor industry are ABB, Carlo Gavazzi, Curtiss-Wright, Eaton Corporation, GEYA Electrical Equipment Supply, K.A. Schmersal GmbH & Co. KG, LOVATO Electric S.p.A., LS ELECTRIC, Mitsubishi Electric Corporation, Rockwell Automation, Schneider Electric, Siemens Energy, Solid State Supplies, TE Connectivity, and Toshiba International Corporation, among others.