News

For 2021 to 2026,Global Electromagnetic Contactor Market Size is Expected to Grow at a CAGR of 6.6%

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.

dian-ci-jie-chu-qi.jpg (34 KB)

The global Electromagnetic Contactor size is estimated to be USD 3151.6 million in 2026 from USD 2438.6 million in 2020. The global Electromagnetic Contactor market size is expected to grow at a CAGR of 6.6% for 2021 to 2026.

Asia-Pacific accounted for the largest sales share of the Electromagnetic Contactor market in 2020. The region is characterized by the presence of a large number of service providers, especially in the China. On the other hand, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period.

At present, the major players of Electromagnetic Contactor in the world include: Schneider Electric, ABB, Siemens, Eaton, CHINT Group, Fuji Electric, Delixi Electric, LS ELECTRIC, Mitsubishi and Tengen Group, among which Schneider Electric is the world’s largest Electromagnetic Contactor manufacture. There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.

Affected by COVID-19, policies such as home isolation and factory shutdown have inhibited the development of the Electromagnetic Contactor market.

What We Can Bring to Our Clients?

With better results and higher quality products,Our professional reports can achieve three things:

*Save Time

 

*Improved efficiency and market  forecast

 

*Lower the cost

 

 

For More Information On This Report, Please Visit @

https://www.globalinforesearch.com/reports/663877/electromagnetic-contactor

 

About report customization:

The Global Information Research Department can customize the report according to your needs. The report can be personalized to meet your requirements. Please contact our sales team, they will ensure that you can get a report that suits your needs.

 

About Us:

GlobaI Info Research(GIR) is a report publisher, a customer, interest-based suppliers. Focusing on customized research, management consulting,IPO consulting,industry chain research, data base & top industries Serviceses well.The company owns large basic databases (such as National Bureau of Statistics Datbase, Customs import and Export Database, Industry Association Database, etc.), Expert resources (including industry experts who own more than 10 years experiences on marketing or R&D in dustries of energy, automotive, chemicals, medical ICT consumer goods, etc.)

 

Contact US

Global Info Research

E-mail::[email protected]

Tel:  +86-17665052062      00852-58197708(HK)

Add:FLAT/RM A 9/F SILVERCORP INTERNATIONAL TOWER 707-713 NATHAN ROAD MONGKOK KL HONG KONG

Website:http://www.globalinforesearch.com

About the author

Global Info Research

Global Info Research is a report publisher, a customer, interest-based suppliers. Is in the best interests of our clients, they determine our every move. At the same time, we have great respect for the views of customers. With the improvement of the quality of our research, we develop custom interdisciplinary and comprehensive solution. For further development, we will do better and better. GlobalInfoResearch will with excellent professional knowledge and experience to carry out all aspects of our business. At the same time, we will thoroughly look for information, to give a more comprehensive development.