Global Carbon Brush Market Expected To Reach A Value Of About USD 3.38 Billion By 2026

12-Oct-2020 | Zion Market Research

As per the researchers at Zion Market Research, the global carbon brush market is anticipated to reach a value of about USD 3.38 billion by 2026 from USD 2.51 billion in 2019, registering about 3.9% CAGR during the forecast period. Few of the prominent players within the global carbon brush market consist of Toyo Tanso Co., Ltd., Morgan Advanced Materials Plc., Mersen, Elektrokarbon, a.s., Avo Carbon Group, and Helwig Carbon Products, Inc. With the aim of improving their market status, the leading market players are concentrating on implementing approaches like M&As, product innovations, joint ventures, recent developments, partnerships, and collaborations. To cite, a variety of carbon brushes was announced by Morgan Advanced Materials Electrical Carbon in December 2014. These brushes were introduced with new materials and designs that lead to extended brush life and enhanced generator uptime.

Rise In Machine-Based Applications In Numerous Industries To Drive Global Market Growth

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The stipulation within the global carbon brush market has increased owing to the innovations in the manner electric motors are produced throughout the globe. In addition, a backseat is taken by manual work in a range of major industries with the lead being taken by the machine-based applications. This factor has influenced the expansion of the global carbon brush market constructively and has generated several growth opportunities for the carbon brush market vendors. Furthermore, a key role is expected to be played in the expansion of the global carbon brush market by the usage of electrical hand tools in major industries. Additionally, the utility of alternators and generators, particularly in industrial electric systems, is anticipated to drive the demand for the carbon brush market.

Based On Industry, Electrical Segment To Witness Greatest Growth Rate In The Years To Come

The global carbon brush market is bifurcated based on application, product, industry, and region. The electrical segment, based on industry, is projected to expand at a considerable rate during the forecast period on account of the usage of the copper brush in transmitting electricity from an unmoving component in a device to the rotating component in a revolving device.

The Asia Pacific To Continue Its Market Dominance During The Forecast Period

In 2018, the biggest share in the global carbon brush market was held by the Asia Pacific region while the second place held by the North America region. The growth of the market in the Asia Pacific can be attributed to the rising use in the automotive and electronics industries, increasing stipulation for carbon brush, along with the swift technological developments. Furthermore, North America is also projected to expand at a fast rate during the forecast period as a result of the growing implementation of carbon brush along with the elevated product demand in the automotive and industrial factories.

Browse the full “Global Carbon Brush Market - By Applications (Grounding Devices, Alternators & Generators, Signal & Current Transmission, Motors, And Others), By Product (Graphite, Carbon, Electrographite, And Others), By Industry (Automotive, Industrial, Electrical, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/carbon-brush-market

The global carbon brush market is segmented as follows:

By Product

  • Carbon
  • Graphite
  • Electrographite
  • Others

By Application

  • Grounding Devices
  • Signal and Current Transmission
  • Alternators and Generators
  • Motors
  • Others

By Industry

  • Industrial
  • Automotive
  • Household
  • Electrical
  • Other

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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