Electric Commutators Market Report Overview
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global electric commutators market size was USD 2436.1 million in 2022 and market is projected to touch 2736.4 Million by 2031, exhibiting a CAGR of 1.3% during the forecast period.
In specific models of electric motors and electrical generators, an electric commutator is a rotating electrical switch that periodically switches the direction of current flowing between the rotor and the external circuit. It consists of a cylinder made up of several metal contact segments mounted on the machine's revolving armature. As the commutator rotates, two or more electrical contacts, known as "brushes," made of a soft conductive substance like carbon press against it and make sliding contact with various commutator segments. The armature's windings (coils of wire) are attached to the commutator segments.
COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth
The Covid-19 pandemic has negatively impacted the manufacturing sector by disrupting supply chain cycles and production rates, and the automotive industry is no exception. The automotive commutator market is also expected to feel the effects of the last fiscal year's growth slowdown. Stay-at-home orders, the ambiguity surrounding the length of time that business as usual will be interrupted by crucial component/material shortages caused by global supply chains, and the various global effects and timing of COVID all have an influence on the workforce.
LATEST TRENDS
"Increased Use of Commutator to Boost Market Growth"
Commutator is mostly used to make sure that the torque acting on the armature is always going in the same direction. The voltage produced in the armature is changing in nature and is immediately transformed to current by the commutator. In essence, the commutator turns the coils on and off to control the electromagnetic fields' direction and aim them in a specific direction. In general, universal motors, DC current machines, and generators use automotive commutators. Such factors are expected to drive the electric commutators market growth in the coming years.
Electric Commutators Market Segmentation
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- By Type Analysis
As per the type, the market is classified as follows: hook Type Commutator, Groove Commutator, and Others.
- By Application Analysis
Based on application, the market is segmented as follows: Automotive, Household appliances, Power Tools, and Others.
DRIVING FACTORS
"Increased Adoption for Automotive Commutator to Facilitate Market Development"
Given that demand for automotive commutators is inversely correlated with vehicle production, it is anticipated to follow a pattern similar to that of the market for fuel-operated cars. Automotive component makers are anticipated to implement improved prototypes as the industry transitions to energy-efficient and affordable pricing of vehicles and related ancillaries in order to maintain their competitive edge against new vehicle configuration.
"New Product Launches to Promote Industry Progress"
Growth in the U.S. and European markets would be fueled by rising car sector spending, increased competitiveness, product launches, rising home appliance spending, retrofitting and renovating of outdated technologies, and rising commutator usage. However, China continues to be the biggest market in the globe. Commutators' production technique is more developed than that of other high-tech equipment, hence there is less worldwide market concentration.
RESTRAINING FACTORS
"Lack of Understanding to Hinder Market Growth"
The growth of the electric commutators market is anticipated to be constrained during the forecast period due to small and medium business owners' lack of understanding of the advantages associated with smart motors for a variety of applications.
Electric Commutators Market REGIONAL INSIGHTS
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"Rising Economies to Propel Market Progress in Asia Pacific"
Due to the presence of quickly expanding economies, the Asia Pacific has the fastest-growing electric commutators market share. Due to the region's quickly changing market environment and shifting consumer needs, the automotive industry in emerging markets has experienced strong growth. In terms of global vehicle sales, India has grown to be one of the biggest markets.
KEY MARKET PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Kolektor (Germany)
- Sugiyama (Japan)
- DENSO (Japan)
- MITSUBA (Japan)
- TRIS (U.S.)
- ILJIN (South Korea)
- Takachiho (Tokyo)
- Nettelhoff (Germany)
- Toledo (U.S.)
- Kaizhong (China)
- Electric Materials Company (U.S.)
REPORT COVERAGE
The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 2436.1 Million in 2022 |
Market Size Value By |
US$ 2736.4 Million by 2031 |
Growth Rate |
CAGR of 1.3% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the electric commutators market expected to touch by 2031?
Based on our research, the electric commutators market is projected to touch USD 2736.4 Million by 2031.
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What CAGR is the electric commutators market expected to exhibit by 2031?
The electric commutators market is expected to exhibit a CAGR of 1.3% by 2031.
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What are the driving factors of the electric commutators market?
The increased adoption for automotive commutators and new product development are the driving factors of the electric commutators market.
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Which are the top companies operating in the electric commutators market?
Kolektor, Sugiyama, DENSO, MITSUBA, TRIS, ILJIN, Takachiho, Nettelhoff, Toledo, Kaizhong, Electric Materials Company are the companies operating in the electric commutators market.