Market Overview:
The global electrical contact material market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electrical contact materials in various applications, such as relays, switches, sensors, and contact rivets. Moreover, the growing demand for electric vehicles is also contributing to the growth of this market. Based on type, the global electrical contact material market can be segmented into fine silver, silver cadmium oxide (SCO), silver tin oxide (STO), silver nickel (SN), silver tungsten (ST), and other types. Fine Silver held a major share of this market in 2017 and is projected to grow at a CAGR of 5% during the forecast period. This growth can be attributed to its properties such as high conductivity and low resistance that make it suitable for use in various applications. Based on application, the global electrical contact material market can be segmented into relays, switches Sensors,,contact rivets,,and other applications . Switches held a major share of this market in 2017 and are projected to grow at a CAGR of 6% duringthe forecast period .
Product Definition:
An electrical contact material is a substance that is used to make electrical contact with another material. The most common type of electrical contact material is metal, but other materials such as graphite and carbon can also be used. Electrical contact materials are important because they provide a way for electricity to flow between two objects.
Fine Silver:
Silver is a soft, silvery-white metal with excellent electrical and thermal conductivity. Pure silver has a metallic appearance but is slightly softer than steel. It is the least dense solid material in the world. Silver's density varies between 19thalves less than that of water (soluble) to 870 times more concentrated than that of water (solid).
Silver Cadmium Oxide:
Silver cadmium oxide (AgCdO) is a semiconductor material, which exhibits band gap energy of approximately 1.5 eV. It has the ability to absorb incident light in the UV range and re-emit it as infrared radiation with longer wavelengths than before. This property makes it useful for applications such as optical sensors and solar cells where selective absorption is required.
The global silver cadmium oxide market size was valued at USD 3 million in 2015.
Application Insights:
The relay segment dominated the global electrical contact material market in 2017. Relays are used to carry electricity in industrial applications and other uses where high reliability is required. The rising demand for reliable products with enhanced performance and efficiency is expected to drive the product demand over the forecast period.
The sensors application segment accounted for a significant share of 13.9% in terms of volume in 2017 owing to its wide range of applications such as medical, temperature monitoring, vibration detection among others which require sensitive measuring devices with low power consumption and high accuracy levels over time. These requirements have led manufacturers across various regions including North America, Europe, Asia Pacific etc.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries such as industrial, consumer electronics, and medical. China is projected to remain a key revenue contributor in Asia Pacific region owing to its large manufacturing sector and rapid economic development.
The European electrical contact material market was valued at USD X million in 2017 and is expected to witness steady growth over the forecast period owing to stringent regulations regarding environmental pollution coupled with growing awareness about product usage life cycle cost benefits among manufacturers operating within this region.
North America accounted for a significant share of global revenue in 2017 due towards high level of technological advancement observed within U S & Canada along with rising focus on energy conservation resulting into increased adoption of contact materials having low emission levels by industry participants operating within these regions will drive overall market growth over the next eight years or so till 2030 AD (Year After Delivery).
Growth Factors:
- Increasing demand from the automotive industry for electrical contact materials as a result of the increasing production of electric and hybrid vehicles.
- Growing demand for electrical contact materials in the telecommunications sector due to the increasing number of smart devices and expanding 4G/5G networks.
- Rising demand from the energy sector for electrical contact materials used in renewable energy applications such as solar and wind power generation.
- Increasing use of electrical contact materials in medical devices and implants due to their superior performance characteristics over traditional metals such as gold or silver.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Contact Material Market Research Report
By Type
Fine Silver, Silver Cadmium Oxide, Silver Tin Oxide, Silver Nickel, Silver Tungsten, Other
By Application
Contact Rivets, Relays, Sensors, Switches, Other
By Companies
Precision Engineered Products LLC., NAECO, Contact Technologies, ECI, Wenzhou Googol Imp&Exp Co.Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Contact Material Market Report Segments:
The global Electrical Contact Material market is segmented on the basis of:
Types
Fine Silver, Silver Cadmium Oxide, Silver Tin Oxide, Silver Nickel, Silver Tungsten, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Contact Rivets, Relays, Sensors, Switches, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Precision Engineered Products LLC.
- NAECO
- Contact Technologies
- ECI
- Wenzhou Googol Imp&Exp Co.Ltd
Highlights of The Electrical Contact Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fine Silver
- Silver Cadmium Oxide
- Silver Tin Oxide
- Silver Nickel
- Silver Tungsten
- Other
- By Application:
- Contact Rivets
- Relays
- Sensors
- Switches
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Contact Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrical contact material is a type of insulation that is used to make electrical connections between two pieces of metal. It is made up of small, thin wires that are tightly wrapped around each other. This material helps to prevent electricity from leaking through the connection and causing damage to either piece of metal.
Some of the key players operating in the electrical contact material market are Precision Engineered Products LLC., NAECO, Contact Technologies, ECI, Wenzhou Googol Imp&Exp Co.Ltd.
The electrical contact material market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrical Contact Material Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electrical Contact Material Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrical Contact Material Market - Supply Chain
4.5. Global Electrical Contact Material Market Forecast
4.5.1. Electrical Contact Material Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrical Contact Material Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrical Contact Material Market Absolute $ Opportunity
5. Global Electrical Contact Material Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrical Contact Material Market Size and Volume Forecast by Type
5.3.1. Fine Silver
5.3.2. Silver Cadmium Oxide
5.3.3. Silver Tin Oxide
5.3.4. Silver Nickel
5.3.5. Silver Tungsten
5.3.6. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrical Contact Material Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrical Contact Material Market Size and Volume Forecast by Application
6.3.1. Contact Rivets
6.3.2. Relays
6.3.3. Sensors
6.3.4. Switches
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrical Contact Material Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrical Contact Material Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrical Contact Material Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrical Contact Material Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrical Contact Material Demand Share Forecast, 2019-2026
9. North America Electrical Contact Material Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electrical Contact Material Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrical Contact Material Market Size and Volume Forecast by Application
9.4.1. Contact Rivets
9.4.2. Relays
9.4.3. Sensors
9.4.4. Switches
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrical Contact Material Market Size and Volume Forecast by Type
9.7.1. Fine Silver
9.7.2. Silver Cadmium Oxide
9.7.3. Silver Tin Oxide
9.7.4. Silver Nickel
9.7.5. Silver Tungsten
9.7.6. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrical Contact Material Demand Share Forecast, 2019-2026
10. Latin America Electrical Contact Material Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electrical Contact Material Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrical Contact Material Market Size and Volume Forecast by Application
10.4.1. Contact Rivets
10.4.2. Relays
10.4.3. Sensors
10.4.4. Switches
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrical Contact Material Market Size and Volume Forecast by Type
10.7.1. Fine Silver
10.7.2. Silver Cadmium Oxide
10.7.3. Silver Tin Oxide
10.7.4. Silver Nickel
10.7.5. Silver Tungsten
10.7.6. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrical Contact Material Demand Share Forecast, 2019-2026
11. Europe Electrical Contact Material Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrical Contact Material Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrical Contact Material Market Size and Volume Forecast by Application
11.4.1. Contact Rivets
11.4.2. Relays
11.4.3. Sensors
11.4.4. Switches
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrical Contact Material Market Size and Volume Forecast by Type
11.7.1. Fine Silver
11.7.2. Silver Cadmium Oxide
11.7.3. Silver in Oxide
11.7.4. Silver Nickel
11.7.5. Silver Tungsten
11.7.6. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrical Contact Material Demand Share, 2019-2026
12. Asia Pacific Electrical Contact Material Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrical Contact Material Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrical Contact Material Market Size and Volume Forecast by Application
12.4.1. Contact Rivets
12.4.2. Relays
12.4.3. Sensors
12.4.4. Switches
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrical Contact Material Market Size and Volume Forecast by Type
12.7.1. Fine Silver
12.7.2. Silver Cadmium Oxide
12.7.3. Silver Tin Oxide
12.7.4. Silver Nickel
12.7.5. Silver Tungsten
12.7.6. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrical Contact Material Demand Share, 2019-2026
13. Middle East & Africa Electrical Contact Material Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrical Contact Material Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrical Contact Material Market Size and Volume Forecast by Application
13.4.1. Contact Rivets
13.4.2. Relays
13.4.3. Sensors
13.4.4. Switches
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrical Contact Material Market Size and Volume Forecast by Type
13.7.1. Fine Silver
13.7.2. Silver Cadmium Oxide
13.7.3. Silver Tin Oxide
13.7.4. Silver Nickel
13.7.5. Silver Tungsten
13.7.6. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrical Contact Material Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrical Contact Material Market: Market Share Analysis
14.2. Electrical Contact Material Distributors and Customers
14.3. Electrical Contact Material Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Precision Engineered Products LLC.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NAECO
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Contact Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ECI
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Wenzhou Googol Imp&Exp Co.Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
