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Contactor Market Share

Report ID: GMI7008
Published Date: Oct 2023
Report Format: PDF

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Contactor Market Share

Siemens, TE Connectivity Sensata Technologies, Inc, Mitsubishi Electric Corporation & ABB holds the majority share in the contactor industry. The industry is marked by both established global players and regional companies, where the competition is driving innovation and efficiency, benefiting customers in terms of better technology and competitive pricing across the end use segment:

TE Connectivity
Siemens
Toshiba International Corporation
Schneider Electric
Fuji Electric FA Components & Systems Co., Ltd.
LS ELECTRIC
Sensata Technologies, Inc.
Curtiss-Wright
GEYA Electrical Equipment Supply
Eaton
L&T
Schaltbau
ABB
Mitsubishi Electric Corporation
K.A. Schmersal GmbH & Co. KG
LOVATO Electric S.p.A.
Carlo Gavazzi
RockwellAutomation

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of contactor was worth USD 1 billion in 2023 and will register over 6.2% CAGR from 2024 to 2032, due to increasing usage in conjunction with HVAC systems and rising application in electric vehicles.

Contactor market size from the DC product type segment is expected register gains at nearly 6.1% up to 2032, on account of the rise of industrial automation coupled with the increasing concern for safety & reliability across electrical terminals in various end-user industries.

Asia-Pacific contactor market is projected to register over 6.4% CAGR from 2023 to 2032, owing to the rising economic and industrial growth, environmental considerations, and technological advancements in the region.

TE Connectivity, Siemens, Toshiba International Corporation, Schneider Electric, Fuji Electric FA Components & Systems Co., Ltd., LS ELECTRIC, Curtiss-Wright, GEYA Electrical Equipment Supply, and Eaton are some of the major contactor companies worldwide.