The global carbon brush market size is set to gain momentum due to the rapid advancements in the electric motor space. The growing usage of generators and alternators in the industrial and automotive systems will accelerate market growth. Fortune Business Insights presents this information in its report titled “Carbon Brush Market, 2023-2030.”
Carbon brush is utilized in generators and motors to transfer electrical current between their stationary and rotating components. It is a support factor that has good resistance to high temperatures, which is an important factor from a product utility standpoint. Also, the product has high electrical conductivity and lower modulus of elasticity, making it ideal for various industrial applications.
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The Report Lists the Key Players Profiled in the Market Report:
- Aupac Co. Ltd (India)
- Mersen (France)
- Avo Carbon Group (India)
- Morgan Advanced Materials (U.K.)
- Robert Bosch Gmbh (Germany)
- Schunk GmBH (Germany)
- Toyo Tanso Co. Ltd (Japan)
- Schmidthammer Elektrokohle GmbH (Germany)
- Elektrokarbon (Slovakia)
- Helwig Carbon Group (India)
Report Coverage
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into the regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Technological Advancements in Electric Motors to Boost Carbon Brush Adoption
Carbon brush market growth will be driven by the rapid advancements in the electric motor space. The growing usage of generators and alternators in the industrial and automotive systems will accelerate market growth.
However, high cost of installation could affect the market development slightly.
Market Segments:
According to type, the market is segmented into carbon fiber, electro graphite, metal graphite, graphite, and others.
In terms of the industry type, the market is broken down into automotive, industrial, electrical, household, and others.
By application type, the market is divided into signal & power transmission, motors, generators/alternators, grounding devices, and others.
Region-wise, the market is segregated into Asia Pacific, Europe, North America, South America, and Middle East & Africa.
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Regional Insights:
Expanding Automotive Sector to Boost Market Share in Asia Pacific
Carbon brush market share is segmented into Europe, Asia Pacific, Latin America, North America, and Middle East & Africa on the basis of region. The Asia Pacific held the majority of the market share in 2020 and is expected to grow significantly in the coming years. The expanding automotive and electronics sectors will boost the regional product demand in the coming years.
North America is witnessing significant growth due to the presence of major market players in the U.S. and Canada. In addition, the growing product demand across industrial and automotive applications accelerates the market growth in the region.
Competitive Landscape
Key Players Focus on Partnerships to Gain a Competitive Advantage
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
Notable Industry Development:
- April 2021 – Schunk, a Germany-based gripping systems and clamping technology company, partnered with 3M. This collaboration will the two companies in automating their grinding, brushing, and polishing process.
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