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AC Contactor Market Size

  • Report ID: GMI7253
  • Published Date: Nov 2023
  • Report Format: PDF

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AC Contactor Market Size

AC Contactor Market was valued at USD 493.9 million in 2022 and is slated to register around 5.4% CAGR between 2023 and 2032. AC contactors are electrical devices used to control the flow of alternating current (AC) in electrical circuits. They function as remotely operated switches that allow or interrupt the flow of AC power to various electrical loads, such as motors, heaters, lighting systems, among others. The product quality including overload protection, remote control, & automation, among other makes itself useful in variety of industrial and commercial applications, providing a reliable and efficient means of controlling AC power distribution and load management, thereby catering to the market growth.
 

AC Contactor Market

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In terms of HVAC industry, contactors act as a pivotal function in the initiation and cessation of diverse components, a fundamental requirement for optimizing the performance of heating and cooling systems. The escalating incorporation of contactors into HVAC systems signifies a growing demand for these devices within the HVAC sector, likely propelled by the increasing desire for energy-efficient and intelligent HVAC solutions.

 

The simultaneous utilization of contactors in HVAC systems and their integration into electric vehicles establishes a mutually beneficial synergy for product application. This fusion has the potential to drive advancements in electric vehicle HVAC systems, enhancing their efficiency and reliability. In addition, it may spur the evolution of more intelligent and energy-efficient HVAC solutions tailored for electric vehicles, ultimately enhancing the comfort of both drivers and passengers. This, in turn, contributes to bolstering the overall attractiveness and competitiveness of electric vehicles in the market.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of AC contactor was exceeded USD 493.9 million in 2022 and will record over 5.4% CAGR from 2023 to 2032, due to adoption in variety of industrial and commercial applications to control the flow of alternating current (AC) in electrical circuits.

Electromagnetic AC contactor market size is likely to witness over 5.4% CAGR from 2023 to 2032, driven by the increasing emphasis on energy efficiency along with high adoption of green technology.

Asia Pacific AC contactor market size is expected to record over 6% CAGR through 2032, owing to economic growth, industrial advancements, environmental considerations, technological advancements, and the emergence of new applications.

TE Connectivity, Siemens, Toshiba International Corporation, Schneider Electric, LS ELECTRIC, Sensata Technologies, Inc., Curtiss-Wright, and GEYA Electrical Equipment Supply are some of the prominent AC contactor suppliers.

AC Contactor Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 18
  • Tables & Figures: 268
  • Countries covered: 21
  • Pages: 240
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