Contactless Couplers Market is projected to expand at a CAGR of 5.4% by 2031
The global COVID-19 pandemic has upended several industries by disrupting day-to-day operations, limiting raw material supplies, and hampering production and growth.
This report provides actionable and valuable market insights for Contactless Couplers. The latest report from Fact.MR provides details on the current market scenario in various regions along with historical data and forecasts of the market. The report also includes information on sales and demand for the Contactless Couplers Market across various industries and regions.
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Market research conducted by Fact.MR provides exclusive information on how the market will grow. The study identifies important trends determining the growth of the Contactless Couplers market. This newly published report sheds light on important dynamics such as drivers, restraints and opportunities for key market players and emerging players involved in production and supply. The latest report from Fact.MR offers a detailed market analysis of contactless couplers.
This newly published and insightful report sheds light on Market Insights of Contactless Couplers, key dynamics, their impact on the entire value chain from suppliers to end users, and growth of the Contactless Couplers market .
Report Attributes Details
The global contactless coupler market registered growth at around 1% during the historical period (2017-2021), and a squeeze in demand for contactless couplers was witnessed due to COVID-19 pandemic. A decline of 5.5% was registered in 2020, which affected the demand-supply equilibrium of the market.
Expanding application of contactless power transmission in defence, aerospace, automobile, and other end-use industries is set to provide ample of opportunities to manufacturers. Due to this extensive demand outlook, the market is estimated to create an absolute $ opportunity of close to US$ 353 Mn during the assessment period of 2022-2032.
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Key Segments of Contactless Coupler Industry Research
By product type:
FORJ Contactless Coupler
single channel contactless coupler
Multi-Channel Contactless Coupler
By use case:
less than 1 Gbps
5 Gbps or more
500W or more
By end-use industry:
Energy and Utilities
electricity and electronics
Medical and medical devices
Aerospace and Defense
By sales channel:
North American Contactless Coupler Market
Latin America Contactless Coupler Market
European Contactless Coupler Market
East Asian Contactless Coupler Market
South Asia and Oceania Contactless Coupler Market
Middle East & Africa Contactless Coupler Market
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Key Implications of Market Research
Global demand for contactless couplers is projected to expand at a CAGR of 5.4% by 2032.
By product type, the market is dominated by FORJ contactless couplers, which is expected to account for 51.2% of the market share by 2032.
North America drove the demand for contactless couplers and this scenario is expected to continue during the forecast period, creating an absolute opportunity valued at $108 million.
The demand for FORJ contactless couplers and inductive couplers is expected to increase by 1.7-fold and 1.6-fold, respectively, during the forecast period.
Data transmission and power transmission are projected to grow by 1.7-fold and 1.5-fold by 2032.
The telecom end-use industry is expected to register a CAGR of 5.7% during the forecast period.
OEM sales channels are estimated to account for approximately 72% of the market revenue share by 2022.
"Increasing the application of contactless couplers in telecommunications can create ample opportunity for market participants during the evaluation period," says Fact.MR analysts .
Reducing prices while maintaining the same quality and product properties is an urgent task, and this can be achieved by working with suppliers as well as local businesses. Local suppliers will support raw material procurement at relatively low cost, while market players will expand distribution networks.
Market players are focusing their resources on product development and portfolio diversification based on vibrant end-use areas to capture significant market share. Building constructive partnerships with suppliers to streamline the supply of parts is a strategy widely adopted by market participants.
Some of the key questions asked about the survey of Contactless Couplers Market report are:
Sales and demand for contactless couplers
Growth of the contactless coupler market
Non-Contact Coupler Market Analysis
Market Insights for Contactless Couplers
Key drivers influencing the Contactless Couplers Market
What are the key drivers impacted by the Contactless Couplers Market?
limiting market growth
Contactless Coupler Market Research
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A more valuable insight into the Contactless Coupler Market
Fact.MR provides unbiased market analysis of Contactless Couplers, Sales and Demand for Contactless Couplers by analyzing forecast statistics through 2019 and beyond in a new report. The study presents growth prospects based on various criteria.
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