Silver Graphite Market Research, 2031
The global silver graphite market was valued at $119.2 million in 2021 and is projected to reach $204.5 million by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Silver-graphite contacts are powder metal composites that also contain 1% to 5% graphite. They offer excellent welding resistance switching characteristics, low contact resistance, and superior lubricity in sliding applications. They are produced through extrusion or press-sintering with high density. The most popular silver alloys are the silver tungsten (AgW) and silver graphite (AgC) systems. Of these, low voltage switches and molded case circuit breaker contact systems often use silver graphite combinations with graphite ranging from 2% to 6%. The particle orientations of graphite allow for many combinations of silver and graphite.
Electrification initiatives are being carried out in a number of developing nations to link rural areas to the grid. Additional attempts are being made by other nations to create a mega-countrywide grid by combining various grid zones. These factors have improved the prospects for utility-scale switches on the market. Fast-paced infrastructure development is being fueled by the expanding electricity supply, which has resulted in the availability of plenty of electrical energy. For instance, on June 10, 2021, In order to support the West Africa Power Pool (WAPP), which is seen as essential to ensuring that everyone has access to electricity in the 15 member states of the Economic Community of West African States (ECOWAS) by 2030, the World Bank has sponsored more than $ 2.3 billion in infrastructure and reforms. As a result, the need for infrastructure projects is being driven by the use of electrical switching devices for the safe and dependable operation of gadgets and equipment.
Electrical networks in residential and commercial structures, businesses, and utility-scale grids must now always include breakers. Electrical switching devices, such as breakers, are installed in every home, business, and other building due to the constantly accelerating urbanization and modernization. A lot of adjustments, like strictly following the test procedures for the breakers and switchgear used in electrical power distribution systems. For safe and dependable operation, some heavy-load equipment has to use separate circuit breakers.
The main players can now compete on a worldwide scale because of the growing investments in technology improvement that are breaking the circuit. Small rivals' aggressive pricing tactics and the growing competition from unorganized companies to meet demand from the manufacturing, construction, transportation, and processing industries are projected to be the main factors limiting the market's growth throughout the projection period.
Increased demand for renewable energy
Increased investment in the power generation sector especially from renewable energy sources is driving the demand for circuit breakers. Renewable energy sources such as photovoltaic and wind generators require a dedicated protection system. Hence, the circuit breaker is widely used in renewable energy systems. The circuit breaker is one of the most important and critical components in an electrical system. It ensures power system protection and regulates the power supply. The surge in concern over the reliability of renewable power is anticipated to boost the demand for circuit breakers. The need for different circuit breaker types across primary and secondary distribution channels has also increased. This factor, alongside the expansion of transmission and distribution (T&D) networks, is projected to drive the silver market growth.
In addition, the need for power has been growing every day in recent years. Circuit breakers are useful in the transmission and distribution of power supply. In addition, governments all over the world are launching a number of efforts to build effective and intelligent power systems in response to the surge in the need to conserve electricity.
The demand for silver graphite market is being driven by the rising demand for end-use applications of silver graphite contactors in the power distribution network for switching an electrical power circuit for the efficient operation of electrical equipment. The use of silver graphite contractors for sustaining the efficient demand-side load in automotive systems has increased as a result of the expansion in automobile production across the globe. In order to maintain stability and provide sound demand-side load management, it is envisaged that such improvements would lead to a rise in the usage of silver graphite contractors. Moreover, the market for silver graphite is expected to grow as a result of innovation and new technology modernizing contactors and solving many of the issues that contractors have historically faced in the electrical switching industry.
The expansion of renewable energy projects has been fueled by the rising awareness of the importance of keeping a clean environment. The fastest-growing source of renewable energy is generally regarded as solar energy. Additionally, the expansion of solar energy is being aided by the steadily rising need for increased green energy shares. When the necessary output is minimal, the main use of silver graphite contactors in PV plants is to cut the inverter off from the PV strings. Additionally, by directing other strings to an ideal converter, these contactors are utilized to alter the PV strings' configuration in order to boost the plant's efficiency.
The expansion and urbanization taking place in various nations, including China, India, Russia, and Brazil, is what is causing the silver graphite market to flourish. The demand for silver graphite contactors increased due to the rising industrialization and rapid urbanization in developing nations throughout the Asia-Pacific region. Electrical switching devices called contactor relays are used to turn current on and off. These contactors are appropriate for applications involving mobile equipment because they can handle higher current levels than conventional relays. In low voltage DC circuits, these sorts of contactors offer a dependable and affordable way to switch current.
The outbreak of COVID-19 has hampered the growth of the silver graphite market. The government's tight rules have prevented the market for silver graphite from expanding throughout the pandemic. The development of the silver graphite market has been constrained by the suspension or permanent shutdown of numerous commercial and industrial operations.
According to the World Investment Report 2021, China and Singapore led the way in the $537 billion in foreign direct investment that Asia-Pacific received in 2020. As a result, the modern extended hypothesis mandates the employment of these devices in numerous creative and end-use projects. A few developing nations have energized strategies to connect the natural areas to the framework. In addition, a number of nations are attempting to set up distinct system zones to spread out a very open organization. These elements have increased the market potential for utility-scale switches. Ample electrical energy is being produced as a result of the rapid infrastructure upgrade driven by increased power availability.
The silver graphite market is segmented into type, structure, application, and region. Depending on the type, the market is segmented into 1-5 μm, 5-40 μm, 20-160 μm, and Others. On the basis of graphite structure, the market is divided into vertical, parallel, and random. On the basis of application, the global silver graphite market is categorized into circuit breakers, contactors, and brushes, and Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global silver graphite market are Carbon Brush Company Private Limited, Modison Limited, Fabricast, Inc, KARBOTECHNIK, Helwig Carbon Products, Inc., Guilin Coninst Electrical and Electronic Material Co. Ltd, Morgan Advanced Materials, irupati Carbon Products PVT LTD (TCP), St. Marys Carbon, and Umicore.
By Type
20-160 ?m is projected as the fastest growing segment.
These types of silver graphite are majorly used in electrical contacts. Electrical contact or connection failure can spell disaster for a facility or appliance’s operations. Issues with these systems can cause costly damage to capital equipment. They carry greater circuit loads than relays, are directly connected to high-voltage feeds, don't interrupt short circuits like circuit breakers, and carry higher circuit loads than relays.
By Graphite Structure
Parallel graphite structure is projected as the fastest growing segment.
Materials having graphite particle orientation parallel to the arcing contact surface exhibit very strong weld resistance. The contact resistance remains consistently low throughout the electrical life of the contact parts because the contact surface after an arcing is made of pure silver. These types of silver graphites have a good self-lubricating property and are widely used for sliding contact applications.
By Application
Circuit Breakers is projected as the fastest growing application.
An electrical circuit breaker is a switching mechanism for managing and safeguarding an electrical power system that can be used both manually and automatically. A circuit breaker should be specially designed to be able to safely interrupt the arc produced during the shutting of a circuit breaker because the modern power system deals with extremely high currents. The need for circuit breakers is being driven by rising power industry investment and rising demand for a secure and dependable power supply.
By Region
Asia-Pacific is projected as the fastest growing region.
Increased renewable energy generation activities are driving the demand for silver graphite in the region. A rise in industrialization and urbanization in the developing countries in Asia-Pacific such as China and India is expected to drive the demand for various renewable energy sources like wind energy and solar energy during the forecast period. Government initiatives are playing a crucial role in the adoption of renewable energy across various end-user applications. These factors are driving the demand for silver graphite in the region.
Carbon Graphite materials are porous as produced and are often impregnated or have a coating applied to impart additional characteristics such as imperviousness, increased strength, and thermal conductivity. Carbon graphite brushes are in high demand in the automotive industry. The increasing population in the Asia-Pacific region is driving the automotive industry and thus will provide a lucrative opportunity for the market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the silver graphite market analysis from 2021 to 2031 to identify the prevailing silver graphite market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the silver graphite market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global silver graphite market trends, key players, market segments, application areas, and market growth strategies.
Silver Graphite Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 204.5 million |
 Growth Rate | CAGR of 5.6% |
 Forecast period | 2021 - 2031 |
 Report Pages | 314 |
 By Type |
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 By Application |
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 By Graphite Structure |
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 By Region |
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Analyst Review
According to the perspective of CXOs of leading companies, increase in demand from circuit breaker and contactors is driving the demand for silver graphite. Silver-graphite contacts are powder metal composites of silver and 1–5 wt% graphite. They are made by press-sinter repress or extrusion to high density with extremely good switching properties of welding resistance, low contact resistance, and good lubricity in sliding applications. Circuit breaker contacts must have low resistance, anti-welding characteristics, and switching life under overload and short circuit circumstances. Silver graphite as both moving and stationary contact begins to exhibit marginal contact resistance and an increased likelihood of contact welding when the rated continuous current is above 100A, a new contact material is required. Changing the stationary contact to silver graphite is usual. The benefits of silver-graphite include low resistance due to its high silver concentration, which leaves no residue oxides on the contact surface, and anti-welding due to graphite's presence.
Increasing demand from the automotive industry is the upcoming trend in the silver graphite market.
The circuit breaker is the leading application of the silver graphite market.
Asia-Pacific is the largest regional market for Silver Graphite.
The silver graphite market was valued at $119.2 million in 2021 and is estimated to reach $204.5 million by 2031, exhibiting a CAGR of 5.6% from 2022 to 2031.
CARBON BRUSH COMPANY PRIVATE LIMITED, MODISON LIMITED, FABRICAST, INC., KARBOTECHNIK, HELWIG CARBON PRODUCTS, INC. are some of the top companies to hold the major market share in the silver graphite market.
Increasing demand from the electrical industry is the key factor boosting the silver graphite market growth.
Depending on the type, the market is segmented into 1-5 ?m, 5-40 ?m, 20-160 ?m, and Others. On the basis of graphite structure, the market is divided into vertical, parallel, and random. On the basis of application, the global silver graphite market is categorized into circuit breakers, contactors, and brushes.
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