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Electromagnetic Contactors-Global Market Insights and Sales Trends 2024
Synopsis
Electromagnetic Contactor or magnetic contactor is an electromagnetic type contactor and it can operate automatically. When electricity flows through the magnetic contactor, it causes the electromagnet to generate a strong magnetic field. This field pulls the iron core into the coil, and creates an electrical arc. Electricity passes in through one contact and into the contactor’s parent device in this manner. To deactivate, the contactor can be physically pulled from the parent device. Also, in the absence of electrical current, the spring pushes the core away from the coil, breaking the connection.
The global Electromagnetic Contactors market size is expected to reach US$ 4215.3 million by 2029, growing at a CAGR of 6.9% from 2023 to 2029. The market is mainly driven by the significant applications of Electromagnetic Contactors in various end use industries. The expanding demands from the Power Switching, Motor Application and Other, are propelling Electromagnetic Contactors market. AC Contactor, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the DC Contactor segment is estimated at % CAGR for the next seven-year period.
Global Electromagnetic Contactor key players include Schneider Electric, ABB, Siemens, Eaton, CHINT Group etc, the top five manufacturers held 51.76% of the market, in terms of Electromagnetic Contactor revenue.
China is the largest market, with a share about 70%, followed by Europe, which have a share over 10 percent.
In terms of product, AC Contactors is the largest segment, with a share over 80%. And in terms of application, the largest application is Industrial Electric Motors, followed by Lighting Automation.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electromagnetic Contactors, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electromagnetic Contactors market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electromagnetic Contactors market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electromagnetic Contactors sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electromagnetic Contactors covered in this report include ABB, Schneider Electric, Mitsubishi Electric, Siemens, Rockwell, Eaton, Joslyn Clark, Toshiba and Zez Silko, etc.
The global Electromagnetic Contactors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Schneider Electric
Mitsubishi Electric
Siemens
Rockwell
Eaton
Joslyn Clark
Toshiba
Zez Silko
ETI Group
Global Electromagnetic Contactors market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electromagnetic Contactors market, Segment by Type:
AC Contactor
DC Contactor
Global Electromagnetic Contactors market, by Application
Power Switching
Motor Application
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electromagnetic Contactors manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electromagnetic Contactors in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Electromagnetic Contactor or magnetic contactor is an electromagnetic type contactor and it can operate automatically. When electricity flows through the magnetic contactor, it causes the electromagnet to generate a strong magnetic field. This field pulls the iron core into the coil, and creates an electrical arc. Electricity passes in through one contact and into the contactor’s parent device in this manner. To deactivate, the contactor can be physically pulled from the parent device. Also, in the absence of electrical current, the spring pushes the core away from the coil, breaking the connection.
The global Electromagnetic Contactors market size is expected to reach US$ 4215.3 million by 2029, growing at a CAGR of 6.9% from 2023 to 2029. The market is mainly driven by the significant applications of Electromagnetic Contactors in various end use industries. The expanding demands from the Power Switching, Motor Application and Other, are propelling Electromagnetic Contactors market. AC Contactor, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the DC Contactor segment is estimated at % CAGR for the next seven-year period.
Global Electromagnetic Contactor key players include Schneider Electric, ABB, Siemens, Eaton, CHINT Group etc, the top five manufacturers held 51.76% of the market, in terms of Electromagnetic Contactor revenue.
China is the largest market, with a share about 70%, followed by Europe, which have a share over 10 percent.
In terms of product, AC Contactors is the largest segment, with a share over 80%. And in terms of application, the largest application is Industrial Electric Motors, followed by Lighting Automation.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electromagnetic Contactors, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electromagnetic Contactors market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electromagnetic Contactors market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electromagnetic Contactors sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electromagnetic Contactors covered in this report include ABB, Schneider Electric, Mitsubishi Electric, Siemens, Rockwell, Eaton, Joslyn Clark, Toshiba and Zez Silko, etc.
The global Electromagnetic Contactors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Schneider Electric
Mitsubishi Electric
Siemens
Rockwell
Eaton
Joslyn Clark
Toshiba
Zez Silko
ETI Group
Global Electromagnetic Contactors market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electromagnetic Contactors market, Segment by Type:
AC Contactor
DC Contactor
Global Electromagnetic Contactors market, by Application
Power Switching
Motor Application
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electromagnetic Contactors manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electromagnetic Contactors in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Electromagnetic Contactors Market Overview
1.1 Electromagnetic Contactors Product Overview
1.2 Electromagnetic Contactors Market Segment by Type
1.2.1 AC Contactor
1.2.2 DC Contactor
1.3 Global Electromagnetic Contactors Market Size by Type
1.3.1 Global Electromagnetic Contactors Market Size Overview by Type (2018-2029)
1.3.2 Global Electromagnetic Contactors Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electromagnetic Contactors Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electromagnetic Contactors Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electromagnetic Contactors Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electromagnetic Contactors Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electromagnetic Contactors Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electromagnetic Contactors Sales Breakdown by Type (2018-2023)
2 Global Electromagnetic Contactors Market Competition by Company
2.1 Global Top Players by Electromagnetic Contactors Sales (2018-2023)
2.2 Global Top Players by Electromagnetic Contactors Revenue (2018-2023)
2.3 Global Top Players by Electromagnetic Contactors Price (2018-2023)
2.4 Global Top Manufacturers Electromagnetic Contactors Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electromagnetic Contactors Market Competitive Situation and Trends
2.5.1 Electromagnetic Contactors Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electromagnetic Contactors Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Electromagnetic Contactors as of 2022)
2.7 Date of Key Manufacturers Enter into Electromagnetic Contactors Market
2.8 Key Manufacturers Electromagnetic Contactors Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electromagnetic Contactors Status and Outlook by Region
3.1 Global Electromagnetic Contactors Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electromagnetic Contactors Historic Market Size by Region
3.2.1 Global Electromagnetic Contactors Sales in Volume by Region (2018-2023)
3.2.2 Global Electromagnetic Contactors Sales in Value by Region (2018-2023)
3.2.3 Global Electromagnetic Contactors Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electromagnetic Contactors Forecasted Market Size by Region
3.3.1 Global Electromagnetic Contactors Sales in Volume by Region (2024-2029)
3.3.2 Global Electromagnetic Contactors Sales in Value by Region (2024-2029)
3.3.3 Global Electromagnetic Contactors Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electromagnetic Contactors by Application
4.1 Electromagnetic Contactors Market Segment by Application
4.1.1 Power Switching
4.1.2 Motor Application
4.1.3 Other
4.2 Global Electromagnetic Contactors Market Size by Application
4.2.1 Global Electromagnetic Contactors Market Size Overview by Application (2018-2029)
4.2.2 Global Electromagnetic Contactors Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electromagnetic Contactors Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electromagnetic Contactors Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electromagnetic Contactors Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electromagnetic Contactors Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electromagnetic Contactors Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electromagnetic Contactors Sales Breakdown by Application (2018-2023)
5 North America Electromagnetic Contactors by Country
5.1 North America Electromagnetic Contactors Historic Market Size by Country
5.1.1 North America Electromagnetic Contactors Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electromagnetic Contactors Sales in Volume by Country (2018-2023)
5.1.3 North America Electromagnetic Contactors Sales in Value by Country (2018-2023)
5.2 North America Electromagnetic Contactors Forecasted Market Size by Country
5.2.1 North America Electromagnetic Contactors Sales in Volume by Country (2024-2029)
5.2.2 North America Electromagnetic Contactors Sales in Value by Country (2024-2029)
6 Europe Electromagnetic Contactors by Country
6.1 Europe Electromagnetic Contactors Historic Market Size by Country
6.1.1 Europe Electromagnetic Contactors Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electromagnetic Contactors Sales in Volume by Country (2018-2023)
6.1.3 Europe Electromagnetic Contactors Sales in Value by Country (2018-2023)
6.2 Europe Electromagnetic Contactors Forecasted Market Size by Country
6.2.1 Europe Electromagnetic Contactors Sales in Volume by Country (2024-2029)
6.2.2 Europe Electromagnetic Contactors Sales in Value by Country (2024-2029)
7 Asia-Pacific Electromagnetic Contactors by Region
7.1 Asia-Pacific Electromagnetic Contactors Historic Market Size by Region
7.1.1 Asia-Pacific Electromagnetic Contactors Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electromagnetic Contactors Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electromagnetic Contactors Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electromagnetic Contactors Forecasted Market Size by Region
7.2.1 Asia-Pacific Electromagnetic Contactors Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electromagnetic Contactors Sales in Value by Region (2024-2029)
8 Latin America Electromagnetic Contactors by Country
8.1 Latin America Electromagnetic Contactors Historic Market Size by Country
8.1.1 Latin America Electromagnetic Contactors Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electromagnetic Contactors Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electromagnetic Contactors Sales in Value by Country (2018-2023)
8.2 Latin America Electromagnetic Contactors Forecasted Market Size by Country
8.2.1 Latin America Electromagnetic Contactors Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electromagnetic Contactors Sales in Value by Country (2024-2029)
9 Middle East and Africa Electromagnetic Contactors by Country
9.1 Middle East and Africa Electromagnetic Contactors Historic Market Size by Country
9.1.1 Middle East and Africa Electromagnetic Contactors Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electromagnetic Contactors Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electromagnetic Contactors Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electromagnetic Contactors Forecasted Market Size by Country
9.2.1 Middle East and Africa Electromagnetic Contactors Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electromagnetic Contactors Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Electromagnetic Contactors Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Electromagnetic Contactors Products Offered
10.1.5 ABB Recent Development
10.2 Schneider Electric
10.2.1 Schneider Electric Company Information
10.2.2 Schneider Electric Introduction and Business Overview
10.2.3 Schneider Electric Electromagnetic Contactors Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Schneider Electric Electromagnetic Contactors Products Offered
10.2.5 Schneider Electric Recent Development
10.3 Mitsubishi Electric
10.3.1 Mitsubishi Electric Company Information
10.3.2 Mitsubishi Electric Introduction and Business Overview
10.3.3 Mitsubishi Electric Electromagnetic Contactors Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Mitsubishi Electric Electromagnetic Contactors Products Offered
10.3.5 Mitsubishi Electric Recent Development
10.4 Siemens
10.4.1 Siemens Company Information
10.4.2 Siemens Introduction and Business Overview
10.4.3 Siemens Electromagnetic Contactors Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Siemens Electromagnetic Contactors Products Offered
10.4.5 Siemens Recent Development
10.5 Rockwell
10.5.1 Rockwell Company Information
10.5.2 Rockwell Introduction and Business Overview
10.5.3 Rockwell Electromagnetic Contactors Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Rockwell Electromagnetic Contactors Products Offered
10.5.5 Rockwell Recent Development
10.6 Eaton
10.6.1 Eaton Company Information
10.6.2 Eaton Introduction and Business Overview
10.6.3 Eaton Electromagnetic Contactors Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Eaton Electromagnetic Contactors Products Offered
10.6.5 Eaton Recent Development
10.7 Joslyn Clark
10.7.1 Joslyn Clark Company Information
10.7.2 Joslyn Clark Introduction and Business Overview
10.7.3 Joslyn Clark Electromagnetic Contactors Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Joslyn Clark Electromagnetic Contactors Products Offered
10.7.5 Joslyn Clark Recent Development
10.8 Toshiba
10.8.1 Toshiba Company Information
10.8.2 Toshiba Introduction and Business Overview
10.8.3 Toshiba Electromagnetic Contactors Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Toshiba Electromagnetic Contactors Products Offered
10.8.5 Toshiba Recent Development
10.9 Zez Silko
10.9.1 Zez Silko Company Information
10.9.2 Zez Silko Introduction and Business Overview
10.9.3 Zez Silko Electromagnetic Contactors Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Zez Silko Electromagnetic Contactors Products Offered
10.9.5 Zez Silko Recent Development
10.10 ETI Group
10.10.1 ETI Group Company Information
10.10.2 ETI Group Introduction and Business Overview
10.10.3 ETI Group Electromagnetic Contactors Sales, Revenue and Gross Margin (2018-2023)
10.10.4 ETI Group Electromagnetic Contactors Products Offered
10.10.5 ETI Group Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electromagnetic Contactors Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Electromagnetic Contactors Industrial Chain Analysis
11.4 Electromagnetic Contactors Market Dynamics
11.4.1 Electromagnetic Contactors Industry Trends
11.4.2 Electromagnetic Contactors Market Drivers
11.4.3 Electromagnetic Contactors Market Challenges
11.4.4 Electromagnetic Contactors Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electromagnetic Contactors Distributors
12.3 Electromagnetic Contactors Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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