According to the latest report published by Fact.MR, a market research and competitive intelligence provider, the global contactless coupler market is expected to reach a market valuation of US$ 803 Mn by the end of 2032, expanding at a CAGR of 5.4%.
Utilization of contactless couplers in the telecommunication industry for data transmission activities is expected to play a major role in market development across the globe. This is due to the availability of compact design contactless couplers with highly conductive material coating for better data transfer applications.
The trend of wireless rotating devices is likely to intensify the utilization of contactless couplers due to their fast data transmission application. This factor is predicted to increase the utilization of contactless couplers in digital and automated components.
Data transmission is estimated to account for more than 57% of global revenue market share in 2022 and anticipated to increase at a CAGR of 5.5% with a gain of 30 BPS points over the decade. Demand for power transmission contactless couplers is experiencing a surge due to the growing penetration of wind turbines coupled with soaring power requirements. Companies are focused on hybrid contactless couplers, which might change the market cluster over the coming years.
For Critical Insights on this Market, Request for More Info at – https://www.factmr.com/connectus/sample?flag=S&rep_id=7156
|
Report Attributes |
Details |
|
Base Year Value (2021A) |
US$ 450.1 Mn |
|
Estimated Year Value (2022E) |
US$ 471 Mn |
|
Projected Year Value (2032F) |
US$ 803 Mn |
|
Global Growth Rate (2022-2032) |
CAGR 5.4% |
Key Takeaways:
- The contactless coupler market is estimated to hold nearly 5% of demand share in the global coupler market.
- Based on application, the industrial automation segment is anticipated to account for US$ 171 Mn by the end of 2032.
- In terms of product type, the fiber optic rotary joints segment is estimated register growth at a CAGR of 5.5% during the forecast period.
- China contactless coupler market is expected to account for almost 58.3% share owing to the demand for efficient machineries.
- The U.S. contactless coupler market is projected to surpass US$ 127 Mn owing to the rapid advancements in industrial automation, defense, and aerospace sectors.
Growth Drivers:
- Decentralization of industrial manufacturing coupled with technological advancements is projected to create immense growth opportunities for the market.
- Rising demand for wireless slip rings for industrial robots in various industries will further increase the sales of contactless coupler.
- Restraints:
- High installation cost of contactless couplers is one of the primary factors likely to inhibit the sales in the market.
- Lack of awareness regarding contactless coupler among small and medium enterprises (SMEs) in developing countries will hamper the growth in the market.
To Gain In-Depth Insights on Contactless Coupler Market, Request Methodology at – https://www.factmr.com/connectus/sample?flag=RM&rep_id=7156
Competitive Landscape:
The global contactless coupler market is moderately fragmented owing to the presence of tier-1 players including Cobham France SAS, PHOENIX CONTACT, Moog, NSD Corporation, Spinner, and Schleifring GmbH. Top 5 players in the contactless coupler market will account for nearly 35% share.
Key players are focusing on strengthening their global footprint by adopting business strategies such as partnerships, collaborations, and others. Furthermore, some of the players are also advancing their production processes and updating their product portfolio to gain a competitive edge.
For instance,
- In April 2021, PHOENIX CONTACT recently developed CONTACTRON Speed Starter to bridge the gap between motor starters and variable frequency drives. This device without any complexities performs critical functions common in a variable frequency drive (VFD).
More Valuable Insights on Contactless Coupler Market
Fact.MR, in its report, offers a market analysis on the global contactless coupler market providing unbiased analysis for the forecast period of 2022 to 2032. This survey also reveals the key growth factors affecting the sales in the contactless coupler market with detailed segmentation as follows:
By Product Type:
- FORJ Contactless Couplers
- Single-Channel Contactless Couplers
- Multi-Channel Contactless Couplers
- Inductive Couplers
- Capacitive Couplers
- Others
By Use Case:
- Data Transmission
-
- Less than 1 Gbps
- 1-3 Gbps
- 3-5 Gbps
- Above 5 Gbps
- Power Transmission
-
- Upt300 W
- 300-500 W
- Above 500 W
- Hybrid
By End-use Industry:
- Telecommunications
- Energy & Utility
- Electrical & Electronics
- Healthcare & Medical Devices
- Industrial Automation
- Aerospace & Defense
- Marine
- Automotive
- Others
By Sales Channel:
- OEMs
- Aftermarket
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
To Remain ‘Ahead’ of Your Competitors, Buy the Report Now – https://www.factmr.com/checkout/7156
Key Questions Covered in the Contactless Coupler Market Report
- At what rate will the global contactless controller market grow during the forecast period (2022-2032)?
- Which are the factors impeding the growth of the global contactless controller market?
- Who are the dominating players in the contactless controller market?
- What was the revenue share of the contactless controller market in 2021?
- Which region will lead the global contactless controller market?
- What is the estimated revenue share of the IoT microcontroller market in 2022?
For More Insight- https://www.einpresswire.com/article/557051412/what-are-the-key-opportunities-on-offer-for-ethylene-butyl-acrylate-agricultural-film-manufacturers-fact-mr
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com