QYResearch: Global Electrical Contacts and Contacts Materials Market Worth $ 3.55 billion by 2022
According to this report, in 2016 the output value of the global electrical contact materials market is estimated about 3.10 billion dollars, of which from the revenue point of view, downstream low-voltage electrical products occupies over 80% share of total market size. The top three manufacturers are Metalor, DODUCO and Umicore respectively with global revenue market share as 13.56%, 8.84% and 8.99% in 2016. http://www.qyresearchglobal.com/goods-1015659.html
According to this report, in 2016 the output value of the global electrical contact materials market is estimated about 3.10 billion dollars, of which from the revenue point of view, downstream low-voltage electrical products occupies over 80% share of total market size. The top three manufacturers are Metalor, DODUCO and Umicore respectively with global revenue market share as 13.56%, 8.84% and 8.99% in 2016. http://www.qyresearchglobal.com/goods-1015659.html
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<strong>Electrical</strong> contacts are soft, high-conductivity, oxidation-resistant materials used as the<br />
makeup of electrical components. They are the materials in a system through which an<br />
electrical current flows. <strong>Electrical</strong> contacts are generally made from metals with high<br />
electrical conductivity. The most commonly used metal surfaces for contact alloys are silver,<br />
copper <strong>and</strong> other auxiliary metal, like gold, platinum, <strong>and</strong> palladium. Tungsten, nickel,<br />
graphite, <strong>and</strong> molybdenum are materials that enhance the structural properties of highly<br />
conductive metals <strong>and</strong> some are used individually for specialized contacts <strong>and</strong> components.<br />
According to this report, in 2016 the output value of the global electrical contact materials<br />
market is estimated about 3.10 <strong>billion</strong> dollars, of which from the revenue point of view,<br />
downstream low-voltage electrical products occupies over 80% share of total market size.<br />
The top three manufacturers are Metalor, DODUCO <strong>and</strong> Umicore respectively with global<br />
revenue market share as 13.56%, 8.84% <strong>and</strong> 8.99% in 2016.<br />
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<strong>QYResearch</strong><br />
At present, in developed countries, the electrical contacts <strong>and</strong> contact materials industry is<br />
generally at a more advanced level. The world's enterprises are mainly concentrated in China<br />
(include foreign companies). China’s electrical contacts <strong>and</strong> contact materials industry has<br />
developed into a national wide status with certain research <strong>and</strong> production capacity, industry<br />
product mix has gradually improved, currently. China has become a large international<br />
production <strong>and</strong> consumption country of electrical contacts <strong>and</strong> contact materials, but the<br />
production technology is relatively laggard to produce some low-end product. With the<br />
development of Chinese electrical contacts <strong>and</strong> contact materials production technology, their<br />
share in the international market is increasing, <strong>and</strong> competitiveness in the international<br />
market gradually increases.<br />
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<strong>QYResearch</strong><br />
With the gradual development of the rapid growth of the national economy, as well as<br />
downstream industries, the dem<strong>and</strong> for electrical contact materials is increasing, which<br />
provides a good opportunity for the development of electrical contact materials market <strong>and</strong><br />
technology. It is expected that the next five to ten years low-voltage electrical industry will<br />
maintain a high growth rate of annual growth rate between 4% <strong>and</strong> 6%.<br />
More: http://www.qyresearchglobal.com/goods-1015659.html<br />
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