Commutator Market Size, Share, Growth, and Industry Growth by Type (Groove Commutator, Hook Type Commutator, and Others), By Application (Automatic, Household Appliances, Power Tools, and Others), Regional Forecast To 2032

Updated On: 08 July 2024

Commutator Market REPORT OVERVIEW

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The global commutator market size was USD 1702 million in 2023 and market is projected to touch USD 2914.2 million by 2032, at a CAGR of 6.1% during the forecast period.

A commutator is extensively used in electric motors as an electric switch. It is made from metal and consists of a cylinder. The material act as a mechanical rectifier. It helps to reverse the current direction between the rotor and external circuit. It changes the form of DC to Ac or Ac to DC depending upon the requirements.

Growing popularity of construction activities worldwide is estimated to fuel market expansion. Increasing demand from the electronic industry is anticipated to accelerate market growth. Growing technological advancement in end-user industries is estimated to propel product demand. Rapid adoption of the material in power tools is expected to surge market progress. Increasing dependency on transportation is anticipated to fuel market growth during the forecast period. Growing need for semiconductors switches in residential areas is predicted to accelerate market growth. Rapid industrialization and urbanization are estimated to fuel market growth during the forecast period. Increasing need for automotive industry is anticipated to surge commutator market growth.

COVID-19 Impact: Closure of Electronic Industry to Hamper Market Progress

During the outbreak of the COVID-19 pandemic, market witnessed sudden declined due to lockdown restriction. Shutdown of electronic industry restricted market expansion. Unavailability of workers due to curfew restrictions reduced product adoption. Growing dependency of people in work from culture halted product demand. Closure of several end-user industries hampered market growth. Shutdown of outdoor areas and construction activities hinder market development. Lower demand for automatic sector during the pandemic reduced market growth. The market witnessed a halt in production activities. Further, the market experienced supply chain disruption during the pandemic.

On the contrary, post COVID-19, the market is estimated to witnessed considerable market growth due to increasing expenditure by key players. Rising awareness about the product's benefits among consumers is anticipated to accelerate market growth.

LATEST TRENDS

"Increasing Demand from Automatic Sector to Incite Market Development"

Growing demand for automotive sector globally is estimated to accelerate market growth. It consists of rotating shaft of a machine that is connected to armature windings. Such advantage of product in automotive sector is expected to fuel market expansion. Rapid innovation in automation sector is estimated to surge market growth. Increasing investment by major market players for the development of new products is anticipated to accelerate market growth. Increasing demand for mechanical rectifiers is anticipated to propel market development during the forecast period. Increasing disposable income among consumers is predicted to surge market growth. The product has high performance and tonnage methods of seasoning commutators. Such characteristics of the material are expected to surge market expansion. Increasing spending on innovation solutions is anticipated to expand commutator market growth.

Commutator Market SEGMENTATION

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• By Type

Based on type, the market is divided into hook type commutator, groove commutator, and other.

Hook type commutator is expected to be the leading part of segmentation type.

• By Application

Based on the application, the market is divided into, household appliances, automatic, power tools, and others.

Household appliances are expected to be the leading part of application segmentation.

DRIVING FACTORS

"Growth in Electronic Application to Incite Market Expansion"

Increasing demand for electronic application among consumers is estimated to surge market growth. Growing need for switching functions in residential and non-residential places is anticipated to accelerate market growth. It is used in DC machines such as DC generators and DC motors. Such extensive usage of the product in electronic applications is estimated to surge market growth. Growing demand for steady torque by reversing the direction is anticipated to accelerate commutator market expansion. The device reverses the current direction in a generator. Such advantages of the material are anticipated to accelerate market growth. The device helps convert the alternating from the windings to unidirectional direct current, which is projected to drive market expansion in the forthcoming years. Growing adoption of the product in brushless DC motors is predicted to surge market development.

"Rapid Industrialization and Urbanization to Stimulate Market Progress "

Rapid industrialization and urbanization globally are estimated to fuel market growth. Increasing disposable income of population is projected to boost product adoption. Growing spending on household appliances is anticipated to surge market growth. Rising investment in the automotive industry is predicted to fuel product demand. Growing competition among major players for developing new innovations is anticipated to accelerate commutator market growth. Rising awareness about the benefits of the commutator is predicted to fuel market expansion. Increasing demand from the aerospace sector for its mechanical rectifier is anticipated to surge market growth during the forecast period.

RESTRAINING FACTORS

"High Cost of the Product to Restrain Market Growth "

High cost associated with the product is expected to reduce market growth. Fluctuation of raw material prices is estimated to hinder market expansion during the forecast period.

Commutator Market REGIONAL INSIGHTS

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"Growth in Automotive Industry in Asia Pacific to Drive Market Share "

Asia Pacific is estimated to account highest commutator market share due to growing development in automotive industry. Rapid industrialization and urbanization in the region are predicted to fuel product demand. High demand for commutator from electronic industry is anticipated to accelerate market growth. Increasing dependency on transportation is anticipated to fuel market growth during the forecast period. Growing need for semiconductor switches in residential areas is predicted to accelerate market growth. Presence of major market players is estimated to fuel market growth.

North America is estimated to show significant market growth due to growing auto industry expenditure. Increasing need for retrofitting and renovation of old technology is estimated to fuel market growth. Increasing urbanization and industrialization are predicted to fuel market growth. 

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Kolektor (U.S.)
• Huarui Electric (China)
• Kaizhong (China)
• Angu (India)
• Sugiyama (Japan)
• Great Wall (China)
• Friedrich Nettelhoff (Germany)
• Lifeng (India)
• Suzhou Kegu (China)
• Electric Materials (U.S.)
• Takachiho (China)
• TRIS (U.K.)
• Toledo (U.S.)
• MAM

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.