Press release
Electromagnetic Contactor Market Precise Outlook 2021 – Schneider Electric, ABB, Siemens, Eaton, CHINT Group, Fuji Electric, Delixi Electric
Electromagnetic Contactor Market Research Report 2021 - 2027Latest released, the research study on Global Electromagnetic Contactor Market Report Forecast 2021 - 2027, offers a detailed overview of the factors influencing the global business scope. Electromagnetic Contactor Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Electromagnetic Contactor. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Schneider Electric, ABB, Siemens, Eaton, CHINT Group, Fuji Electric, Delixi Electric, LS ELECTRIC, Mitsubishi, Tengen Group, Tianshui 213 Electrical, Nader
In 2020, the global Electromagnetic Contactor market size was US$ 2370 million and it is expected to reach US$ 3909.8 million by the end of 2027, with a CAGR of 6.9% during 2021-2027.
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Market Overview:
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 contactors 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.
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.
This report elaborates the market size, market characteristics, and market growth of the Electromagnetic Contactor industry, and breaks down according to the type, application, and consumption area of Electromagnetic Contactor. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Segmentation By Type:
AC Contactors
DC Contactors
Segmentation By Application:
Industrial Electric Motors
Lighting Automation
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Significant Features and Key Highlights of the Reports:
– Detailed overview of Electromagnetic Contactor Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Electromagnetic Contactor Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
Key questions answered:
- Who are the Leading key players and what are their Key Business plans in the Global Electromagnetic Contactor market?
- What are the key concerns of the five forces analysis of the Global Electromagnetic Contactor market?
- What are different prospects and threats faced by the dealers in the Global Electromagnetic Contactor market?
- What are the strengths and weaknesses of the key vendors?
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