15 HP at 240 V is the maximum size of a three-phase, 240-volt motor that can be controlled using a size 2 NEMA contactor
This is further explained below.
Generally, Size 2 NEMA contactors can only handle three-phase, 240-volt motors up to 15 horsepower at 240 volts.
In conclusion, Contactors and motor starters produced by NEMA (National Electrical Manufacturers Association) are graded according to their sizes. These sizes are categorized according to the current and power ratings that they carry.
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