According to the report, the Commutator market is expected to grow from USD 352 million in 2019 to USD 437 million by 2026, growing at a CAGR of 3.12% from 2019 to 2026.
Market Overview
The global Commutator market is estimated to be USD 352 million in 2019 and is expected to reach USD 437 million by 2026, with a CAGR of 3.12% during the forecast period.
In the coming years, there is an increasing demand for Commutators in the regions of United States and Europe that is expected to drive the market for more advanced Commutators. Increasing of auto industry expenditures, more-intense competition, launches in introducing new products, increasing of spending on household appliances industry, retrofitting and renovation of old technology, and increasing adoption of Commutator will drive growth in United States and Europe markets.
A Commutator is a rotary electrical switch in certain types of electric motors and electrical generators that periodically reverses the current direction between the rotor and the external circuit. It consists of a cylinder composed of multiple metal contact segments on the rotating armature of the machine.
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Competitive Insights
Key players operating in this market include Kolektor, Huarui Electric, Kaizhong, Angu, Sugiyama, Great Wall, Nettelhoff, Lifeng, Suzhou Kegu, Electric Materials, Takachiho, TRIS, MAM, and Toledo.
Regional Insights
Asia Pacific holds the largest market share of 38.59%, followed by North America and Europe with a share of 26.84% and 24.18%. China is still the biggest market in the world.
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l Hook
l Groove Commutator
Application Insights
l Power Tools
l Household Appliances
l Automatic Industry
l Others
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Audience
l Commutator manufacturers
l Distributors and resellers of Commutator
l Commutator industry associations
l Product managers, Commutator industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Commutator
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