Pune, April 13, 2023 (GLOBE NEWSWIRE) -- Maximize Market Research, an international Energy and Power business & consultancy firm has recently published a research report on the “Silver Graphite Market”. The total global market size for the “Silver Graphite Market” was valued at USD 124.4 Mn in 2022 and is expected to grow at a CAGR of 6.8 percent over the forecast period to reach USD 197.2 Mn by 2029.

Market Size in 2022USD 124.4 Mn
Market Size in 2029USD 197.2 Mn
CAGR6.8 percent (2023-2029)        
Forecast Period2023-2029
Base Year2022
Number of Pages265
No. of Tables129
No. of Charts and Figures121
Segment CoveredBy Graphite structure, End-Users Application and Region
Regional ScopeNorth America, Europe, Asia Pacific, Middle East and Africa, South America
Report CoverageMarket Share, Size & Forecast by Revenue | 2023−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Silver Graphite Market Report Scope and Research Methodology

The report covers competitive analysis of market drivers, restraints, opportunities and growth of the Silver Graphite Market in detail. Also provides in-depth information on key players including company profile, market strategies, status, and core competitors and includes the factors that are supposed to affect the business positively or negatively. The report gives an easy and clear business view of the industry to the decision-makers such as investors and stakeholders. The report presents an analysis of the key players in the Silver Graphite Market including their size, market share, market revenue, market growth, production volume, and profitability. The report gives regional coverage of key industries covered in the report to measure their dominance with Key manufacturers. Swot analysis was used to study the industry’s strengths and weaknesses and a Bottom-up approach was used to estimate the Silver Graphite Market size.

Silver Graphite Market Overview

Silver-graphite contacts are powder metal composites that contain 1 percent to 5 percent graphite. It is characterized by 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. Silver Graphite is used in various industrial applications such as electrical contacts and brushes

Increasing adoption of electric vehicles to fuel the Silver Graphite Market growth

The global industry is shifting toward electric and hybrid vehicles as a result the Silver Graphite Market is expected to grow during the forecast period. In the automotive industry, the demand for silver graphite contacts is influenced by the increasing adoption of renewable energy sources like solar power. The increasing demand for automotive applications for personal and industrial end users to creates lucrative opportunities for market growth.

The increasing demand for high-voltage electrical contact is expected to boost the market demand over the period. However, High-quality silver graphite requires huge cost and expertise and is expected to restrain the Silver Graphite Market growth. Government initiatives are playing a vital role for the growth of the market in the region.

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North American region to dominate the Silver Graphite Market over the forecast period

North America dominated the Market in 2022 with a total Silver Graphite Market share of 43 percent and is expected to continue the dominance over the forecast period. The presence of well-established automotive and electronics industries with the increasing demand of fuel-efficient vehicles is expected to boost the Silver Graphite Market growth. Increased renewable energy generation activities in the region are expected to fuel the Silver Graphite Market growth.

Demand for electric vehicles and renewable energy sources in the European region is expected to influence the regional market growth over the forecast period. In the Asia Pacific region, China and Japan are expected to be the major contributors to the Silver Graphite Market growth. The presence of a large consumer base and the growing urbanization and industrialization in India, China, and Japan are significantly contributing to the Silver Graphite Market growth.

Silver Graphite Market Segmentation

By Graphite Structure:

Based on Graphite Structure, the vertical segment is expected to dominate the Silver Graphite Market over the forecast period. Increasing demand for EVs in the automotive industry is expected to increase significantly and to influence market growth. Demand for solar panels and wind turbines has increased as countries around the world set ambitious targets for reducing their carbon emissions.

By Type:

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Based on Type, the 1-5 μm segment is expected to fuel the Silver Graphite Market over the forecast period. The use of silver graphite powder in lithium-ion batteries and in the electronics industry as a conductive filler in polymer composites is significantly contributing to the market growth.

By Application:

Based on the Application, the Circuit Breakers segment dominated the market in 2022 and is expected to continue the dominance over the forecast period. Rising global population and increasing industrialization is expected to influence market growth.

Silver Graphite Market Key Players Include

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Key questions answered in the Silver Graphite Market are:

Key Offerings:

Maximize Market Research is leading Energy & Power research firm, has also published the following reports:
Graphite Brush Market: The total market size was valued at USD 695 Mn in 2021 and is expected to grow at a CAGR of 5.0 percent over the forecast period reaching USD 1026 Mn. Increase in the demand for electric tools & machinery such as power drills and vacuum cleaners is expected to fuel the market growth.

Expanded Graphite Market: The total market size is expected to grow at a CAGR of 7.6 percent over the forecast period and is expected to reach USD 509.42 Mn by 2029. Demand for consumer electronic goods, like laptops, smartphones, and tablets is expected to drive the market growth.

Graphite Market: The total market size is expected to reach USD 41.50 billion by 2029 with a CAGR of 5.23 percent over the forecast period. Growing industrial applications of inks and coatings, paints, polymers, plastics, and lubricants are expected to fuel the market growth.

Graphite Electrodes Market: The total market size was valued at USD 6.4 Bn in 2021 and is expected to grow at a CAGR of 5.2 percent reaching USD 9.60 Bn over the forecast period. The rise in industrialization with modern infrastructures and increasing demand for engineering and construction materials is expected to influence market growth.

Carbon Felt & Graphite Felt Market: The total market size was valued at USD 530.55 Mn in 2021, and it is expected to reach USD 1090.25 Mn by 2029, at a CAGR of 9.42 percent during the forecast period (2022-2029). An increase in Steel Production with energy efficiency and cost reductions is expected to boost market growth.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.