What is Global Electric Commutators Market?
The Global Electric Commutators Market is a vast and dynamic sector that plays a crucial role in the global economy. It refers to the global market of electric commutators, which are devices used in electric motors and generators to periodically reverse the current direction between the rotor and the external circuit. These devices are essential components in many electrical and electronic products, including cars, household appliances, power tools, and more. The market encompasses the production, distribution, and sale of these devices worldwide. In 2022, the value of this market was estimated at US$ 2402.2 million. It's projected to grow to US$ 2632.4 million by 2029, indicating a steady growth rate. However, it's important to note that these figures are estimates and actual market performance may vary.
Hook Type Commutator, Groove Commutator, Others in the Global Electric Commutators Market:
The Global Electric Commutators Market is segmented into different types based on their design and functionality. These include Hook Type Commutator, Groove Commutator, and others. The Hook Type Commutator is the most dominant segment, accounting for over 65% of the market. This type of commutator is widely used due to its efficiency and reliability. On the other hand, the Groove Commutator is another significant segment in the market. Although it holds a smaller market share compared to the Hook Type, it's still a vital part of the market. The 'Others' category includes various other types of commutators that are used in specific applications or niche markets.
Automotive, Household Appliances, Power Tools, Others in the Global Electric Commutators Market:
The Global Electric Commutators Market serves a wide range of industries, including Automotive, Household Appliances, Power Tools, and others. In the automotive industry, electric commutators are used in various components such as starters, alternators, and electric motors. They are crucial for the functioning of these components, making them an integral part of the automotive industry. Similarly, in the household appliances sector, electric commutators are used in appliances like washing machines, refrigerators, and air conditioners. They help in the efficient functioning of these appliances, contributing to their performance and longevity. In the power tools industry, electric commutators are used in tools like drills, saws, and grinders. They play a key role in the operation of these tools, ensuring their effectiveness and durability. The 'Others' category includes various other industries where electric commutators are used.
Global Electric Commutators Market Outlook:
The future outlook of the Global Electric Commutators Market appears promising. In 2022, the market was valued at US$ 2402.2 million and is expected to reach US$ 2632.4 million by 2029. This suggests a Compound Annual Growth Rate (CAGR) of 1.3% during the forecast period from 2023 to 2029. It's also noteworthy that the top five manufacturers in this market hold a share of over 17%. This indicates a high level of market concentration, with a few key players dominating the market. In terms of product segmentation, the Hook Type Commutator is the largest segment, holding a share of over 65%. This shows the significant demand for this type of commutator in the market. However, these are just projections and the actual market performance may vary.
| Report Metric | Details |
| Report Name | Electric Commutators Market |
| Accounted market size in 2023 | US$ 2436.1 million |
| Forecasted market size in 2029 | US$ 2632.4 million |
| CAGR | 1.3 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Kolektor, Sugiyama, DENSO, MITSUBA, TRIS, ILJIN, Takachiho, Nettelhoff, Electric Materials Company, Bhagyanagar India Ltd, Toledo, Kaizhong, Huarui Electric, Suzhou Kegu, Zhejiang Greatwall Commutator, Lifeng, Zhejiang Jiagu Electric Appliances, ANGU |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
