Carbon Brush Market Demand, Growth and Opportunities 2023

According to Precision Business Insights (PBI), the latest report carbon brush market was valued at USD 2,310.5 million in 2022, and is expected to grow at 2.1% CAGR during the forecast period 2023 to 2029. The increasing demand for micro motors owing to their lighter and more compact designs used in smartbooks, tablets, and wearable exercise and health monitoring devices are major drivers propelling the carbon brush market. Manufacturers of carbon brushes will have opportunities in forecast years as the energy efficiency standards rise and rail infrastructure electrification accelerates. According to International Union of Railways data for 2022, China has the largest electrified rail of about 100,000 km throughout. The fusion of electronics and automotive systems is anticipated to provide new ground for market acceleration as technology advances. The increased awareness among the public along with the government's involvement in transitioning to energy-efficient motors and sustainability has been paving the way for carbon brushes development.

The carbon brush market is segmented based on type, end-user industry, application and geography.

Based on the Type, the market is segmented into the following:
• Graphite Brush
• Electrographic Graphite Brush
• Silver Graphite Brush
• Metal Graphite Brush
• Others

Based on the End-User Industry, the market is segmented into the following:
• Automotive
• Household
• Electrical
• Security and Defence
• Petrochemical
• Energy
• Others

Based on the Application, the market is segmented into the following:
• Motors
• Generators/Alternators
• Grounding Devices
• Signal & Power Transmission
• Others

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Based on the end-user industry automotive industry dominates the global market for carbon brush because of the rising popularity of electric vehicle technologies. According to International Energy Agency's annual Global Electric Vehicle Outlook, more than 10 million electric cars were sold in 2022. In automobiles, the alternator converts mechanical energy to electrical energy that typically consists of wire-coiled rotors that, to which carbon brush passes electric current that gets converted into a magnetic field. Additionally, it is sustainable, saves fuel, and produces less pollution. In automobiles, it's also employed to keep the engine operating trouble-free and smoothly. Additionally, it aids in reducing noise levels when driving reducing noise pollution further surging the market.

Asia Pacific Leads Carbon Brush Market
The carbon brush market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is accounted to have a significant share in the global carbon brush market and the market is expected to grow at a significant CAGR over the forecast years owing to China, India, Japan, and South Korea being the prominent manufacturers and producers of carbon brushes for motors and variants for electrical and grinding applications. North America follows suit and is a substantial producer of carbon brushes. Moreover, the production of electric vehicles, motors, generators, and transformers is among the highest globally. According to the OEC, in 2021, the United States was the top importer of Generators and alternators. The U.S. sold 15.4 million vehicles in 2021, becoming one of the top auto market leaders, and is expected to increase its market in the forecasted period.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players

The carbon brush market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance,

In January 2023, Bosch Power Tools launched GWS 800 Professional Carbon Brush with a metal flange of superior quality to make maintenance easy.

In April 2021, Schunk, a gripping system and clamping technology manufacturer, partnered up with 3M, an industrial abrasives manufacturer, to support companies in automating their grinding, polishing, and brushing process.

Key players profiles in the carbon brush market are Morgan Advanced Materials, Schmidthammer Elektrokohle GmbH, Elektrokarbon, Mersen, Toyo Tanso Co. Ltd., Helwig Carbon Products Inc, Avo Carbon Group, Robert Bosch GmbH, Schunk GmbH, Aupac Co., Ltd., Pelican Carbon Brush Pvt. Ltd., Helwig Carbon Products Inc, Assam Carbon Products Limited., Naeem Carbon and Industrial Products LLP, Phynyx Industrial Products Pvt. Ltd. and National Carbon Brush Products.

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This release was published on openPR.