Global Dc Contactor Market
DC Contactor Market Size And Forecast
According to Verified Market Research, the Global DC Contactor Market was valued at USD 315.17 Million in 2018 and is projected to reach USD 879.20 Million by 2026, growing at a CAGR of 13.98% from 2019 to 2026.
Global DC Contactor Market Overview
On-going economic expansion and urbanization across Brazil, Russia, India, China, and South Africa (BRICS) are expected to be the primary drivers of market growth, predominantly driving demand for medium and high voltage DC Contactors. Heavy industrialization and rapid urbanization in developing countries, such as India and China have stretched the demand for electricity.
Global DC Contactor Market Segmentation
The Global DC Contactor Market is segmented on the basis of type, application, power level, end-use industry, and geography.
The major players in the market are Siemens, Schneider Electric, ABB, Rockwell Automation, Mitsubishi Electric, Hubbell Industrial Controls, Zhejiang Dongya Electronic., Eaton Corporation PLC and AMETEK.
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