Global Electrical Contacts and Contacts Materials Market Growth 2023-2029

Global Electrical Contacts and Contacts Materials Market Growth 2023-2029

Electrical contacts are soft, high-conductivity, oxidation-resistant materials used as the makeup of electrical components. They are the materials in a system through which an electrical current flows.

Electrical contacts are generally made from metals with high electrical conductivity. The most commonly used metal surfaces for contact alloys are silver, copper and other auxiliary metal, like gold, platinum, and palladium. Tungsten, nickel, graphite, and molybdenum are materials that enhance the structural properties of highly conductive metals and some are used individually for specialized contacts and components. Compared with National Bureau of Statistics of China and Customs, in this report, the sales volume was counted by using total weight (1 MT = 1 Ton) of contact materials.

According to the industry's definition of electrical contacts and contacts materials, it can be divided into: contact material, multi-layer electrical contacts, and electrical contact elements.

Contact material is made of silver, copper and other raw materials for processing to meet customer demand in the electrical contact performance, physical properties, mechanical properties, chemical properties, etc. It is widely used in circuit breakers, contactors and other low voltage electrical products. The multi-layer electrical and electrical contact elements are further developed on the basis of the contact material to form the electrical contact material.

Multi-layer electrical contacts is made by the contact material and other cheap metal after debugging. The working surface is the contact material. With the combination of cheap metal, in ensuring the electrical contact performance and other basic requirements, it can reduce the utilized amount of precious metals, and significantly reduce the cost of production products. It is widely used in relays, fuses, switches, household appliances and other products.

Electrical contact elements is a deep processing product formed by welding the contact material, the multi-layer electrical contacts and the contacts bridge.

LPI (LP Information)' newest research report, the “Electrical Contacts and Contacts Materials Industry Forecast” looks at past sales and reviews total world Electrical Contacts and Contacts Materials sales in 2022, providing a comprehensive analysis by region and market sector of projected Electrical Contacts and Contacts Materials sales for 2023 through 2029. With Electrical Contacts and Contacts Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electrical Contacts and Contacts Materials industry.

This Insight Report provides a comprehensive analysis of the global Electrical Contacts and Contacts Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electrical Contacts and Contacts Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electrical Contacts and Contacts Materials market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electrical Contacts and Contacts Materials and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electrical Contacts and Contacts Materials.

The global Electrical Contacts and Contacts Materials market size is projected to grow from US$ 3408.1 million in 2022 to US$ 3907.1 million in 2029; it is expected to grow at a CAGR of 3907.1 from 2023 to 2029.

The top three manufacturers are Metalor, DODUCO and Umicore respectively with global revenue market share as 13%, 8% and 9%.

This report presents a comprehensive overview, market shares, and growth opportunities of Electrical Contacts and Contacts Materials market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Silver-Based Electrical Contacts and Contact Materials

Copper-Based Electrical Contacts and Contact Materials

Segmentation by application

Low-Voltage Electrical Contacts and Contacts Materials (Low-voltage products)

Medium and High Voltage Electrical Contacts and Contacts Materials (Medium and High-Voltage Products)

Light Load Electrical Contacts and Contacts Materials (Light Load Products)

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Metalor

DODUCO

Umicore

Toshiba

Chugai Electric

Tanaka

Heesung

MATERION

MITSUBISHI

Nippon Tungsten

Brainin

Fuda

Wenzhou Hongfeng

Longsun

Guilin Coninst

Foshan Tongbao

Shanghai Renmin

Zhejiang Metallurgical

Anping Feichang

Zhejiang Leyin

Shanghai Xiaojing

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electrical Contacts and Contacts Materials market?

What factors are driving Electrical Contacts and Contacts Materials market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electrical Contacts and Contacts Materials market opportunities vary by end market size?

How does Electrical Contacts and Contacts Materials break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.