Electrical Contacts and Contact Materials for Low-voltage Products Market, Global Outlook and Forecast 2023-2028

Report ID: 1185458 | Published Date: Jan 2025 | No. of Page: 110 | Base Year: 2024 | Rating: 4.7 | Webstory: Check our Web story

Electrical contacts are soft, high-conductivity, oxidation-resistant materials used as the makeup of electrical components. They are the materials in a system through which an electrical current flows.

Electrical contacts are generally made from metals with high electrical conductivity. The most commonly used metal surfaces for contact alloys are silver, copper and other auxiliary metal, like gold, platinum, and palladium. Tungsten, nickel, graphite, and molybdenum are materials that enhance the structural properties of highly conductive metals and some are used individually for specialized contacts and components. Compared with National Bureau of Statistics of China and Customs, in this report, the sales volume was counted by using total weight (1 MT = 1 Ton) of contact materials.

According to the industry's definition of electrical contacts and contacts materials, it can be divided into: contact material, multi-layer electrical contacts, and electrical contact elements.

Contact material is made of silver, copper and other raw materials for processing to meet customer demand in the electrical contact performance, physical properties, mechanical properties, chemical properties, etc. It is widely used in circuit breakers, contactors and other low voltage electrical products. The multi-layer electrical and electrical contact elements are further developed on the basis of the contact material to form the electrical contact material.

Multi-layer electrical contacts is made by the contact material and other cheap metal after debugging. The working surface is the contact material. With the combination of cheap metal, in ensuring the electrical contact performance and other basic requirements, it can reduce the utilized amount of precious metals, and significantly reduce the cost of production products. It is widely used in relays, fuses, switches, household appliances and other products.

Electrical contact elements is a deep processing product formed by welding the contact material, the multi-layer electrical contacts and the contacts bridge.
This report contains market size and forecasts of Electrical Contacts and Contact Materials for Low-voltage Products in global, including the following market information:
Global Electrical Contacts and Contact Materials for Low-voltage Products Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Electrical Contacts and Contact Materials for Low-voltage Products Market Sales, 2017-2022, 2023-2028, (Kiloton)
Global top five Electrical Contacts and Contact Materials for Low-voltage Products companies in 2021 (%)
The global Electrical Contacts and Contact Materials for Low-voltage Products market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Contact Material Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Electrical Contacts and Contact Materials for Low-voltage Products include Metalor (Tanaka), DODUCO, Umicore, Toshiba, Chugai Electric, Heesung, MATERION, MITSUBISHI and Nippon Tungsten, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Electrical Contacts and Contact Materials for Low-voltage Products manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electrical Contacts and Contact Materials for Low-voltage Products Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Electrical Contacts and Contact Materials for Low-voltage Products Market Segment Percentages, by Type, 2021 (%)
Contact Material
Multi-layer Electrical Contacts
Electrical Contact Elements
Global Electrical Contacts and Contact Materials for Low-voltage Products Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Electrical Contacts and Contact Materials for Low-voltage Products Market Segment Percentages, by Application, 2021 (%)
Contactor
Relay
Breaker
Switch
Others
Global Electrical Contacts and Contact Materials for Low-voltage Products Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Electrical Contacts and Contact Materials for Low-voltage Products Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electrical Contacts and Contact Materials for Low-voltage Products revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Electrical Contacts and Contact Materials for Low-voltage Products revenues share in global market, 2021 (%)
Key companies Electrical Contacts and Contact Materials for Low-voltage Products sales in global market, 2017-2022 (Estimated), (Kiloton)
Key companies Electrical Contacts and Contact Materials for Low-voltage Products sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Metalor (Tanaka)
DODUCO
Umicore
Toshiba
Chugai Electric
Heesung
MATERION
MITSUBISHI
Nippon Tungsten
Brainin
Fuda
Wenzhou Hongfeng
Longsun
Guilin Coninst
Foshan Tongbao
Shanghai Renmin
Zhejiang Metallurgical
Anping Feichang

Frequently Asked Questions
Electrical Contacts and Contact Materials for Low-voltage Products Market report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Electrical Contacts and Contact Materials for Low-voltage Products Market report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Electrical Contacts and Contact Materials for Low-voltage Products Market report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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