New York, July 7 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Electrical Contact Cleaners Market – A Global and Regional Analysis: Focus on Application, Product, Feature and Region – Analysis and Forecast, 2022 – 2031” – https://www.reportlinker.com/p06291292/?utm_source=GNW
The presence of volatile organic compounds (VOCs) in electrical contact cleaners is the major limiting factor in the industry.
Market life cycle stage
The market for electrical contact cleaners is in the development phase. Growing demand for non-ozone depleting cleaners is expected to drive the market growth.
Additionally, growing health concerns and government regulations related to the presence of volatile organic compounds are expected to hamper the growth of the electrical contact cleaner market.
Impact
Electrical contact cleaners are used to protect the device against untimely failure during its life cycle due to the presence of oil, dirt, grease and the like, as these increase the electrical resistance on the contact surface. Current potential can affect device performance and lead to safety hazards.
Increased focus on preventing safety hazards offers significant growth opportunities for the electrical contact cleaners market.
Impact of COVID-19
The impact of COVID-19 on the electrical contact cleaners market has been moderate. Due to a temporary shutdown of manufacturing units in different regions of the world, the production volume has decreased.
Also, opening of markets post COVID-19 and increased operations of MRO industries are expected to bring significant growth to the market.
Market segmentation :
Segmentation 1: by application
• Connectors
• Switches
• Battery terminals
• Printed circuits
• Others
The battery terminal segment dominated the electrical contact cleaners market in 2021 and is the largest segment due to the growing applications of electrical contact cleaners in industries such as automotive, manufacturing, aviation and others for the removal of dirt, grease, corrosion and the like. contaminations.
Segmentation 2: by product
• Flammable
• Non-flammable
The non-flammable segment dominates the electrical contact cleaner market and is the largest segment due to the adverse effects and handling risks associated with flammable electrical contact cleaners.
Segmentation 3: by functionality
• Removal of dust and particles
• Oil and grease removal
• Corrosion resistance
• Others
Corrosion removal segment dominated the electrical contact cleaners market in 2021 and is the largest segment owing to growing demand from end-use industries such as MRO, automotive, consumer electronics, etc. ., to remove corrosion from battery terminals, distribution boards, connectors and other parts.
Segmentation 4: by Region
• North America: United States, Canada and Mexico
• Europe: Germany, France, Italy, Spain and rest of Europe
• China
• UK
• Asia-Pacific and Japan: Japan, South Korea, India, Australia and Rest of Asia-Pacific and Japan
• Rest of the world – Middle East and Africa, South America
Asia Pacific is the fastest growing region due to the presence of electronics manufacturers. In addition, the growing maintenance, repair and operation industry is expected to drive the region’s growth in the electrical contact cleaner market.
Recent developments in the global electrical contact cleaner market
• In June 2019, Penray Inc. introduced a professional contact cleaner for the precise removal of harmful deposits and debris from electronic components.
Demand – Factors and Limitations
Following are the demand drivers for the electrical contact cleaner market:
• Improved performance of electrical and electronic equipment
• Growing demand for consumer electronics worldwide
• Increasing use in the automotive industry
The market is also expected to face some limitations owing to the following challenge:
• Presence of volatile organic compounds (VOCs) in electrical contact cleaners
• Use of flammable chemical compounds
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different types of properties and functionalities available for electrical contact cleaners and the potential of these cleaners on a global scale. In addition, the study provides the reader with a detailed understanding of the different electrical contact cleaning applications such as connectors, switches, battery terminals, printed circuit boards and others (relays, scales, etc.).
Growth/Marketing Strategy: Business expansion, partnership, collaboration and joint venture are some of the key strategies adopted by the major players operating in the space. For example, in May 2021, Henkel AG & Co.
KGaA announced the construction of an innovation center for the adhesive technologies segment in Shanghai. The new location would help the company strengthen its portfolio of adhesive technologies in the region, thereby driving the growth of the electrical contact cleaner market.
Competitive Strategy: Global Electrical Contact Cleaners Market key players analyzed and profiled in the study involves Electrical Contact Cleaners manufacturers. Additionally, a detailed benchmarking analysis of players operating in the global Electrical Contact Cleaners market has been carried out to help the reader understand how the players compare against each other, presenting a clear market landscape.
Moreover, comprehensive competitive strategies such as partnerships, agreements, and collaborations will help the reader understand the untapped revenue pockets in the market.
Key Market Players and Competition Summary
The companies profiled have been selected based on information gathered from leading experts and analysis of company coverage, product portfolio and market penetration.
Some of the most prominent established names in this market are:
• Henkel AG & Co. KGaA
• 3M
• Chemtronics
• Ulbrich Group
• Techspray
• WD-40
• Sprayway Inc.
• Spray
• Chem-Verse Consultants (India) Private Ltd.
• MG chemicals
• Aerol Formulations Private Limited
• WEICON GmbH & Co. KG
• Valvoline Inc.
• CRC Industries
• Penray Inc.
• AK Information Tools
• MRO Infra LLP
• AABCOOLING LLC
• Guangzhou VESLEE Chemical Co., Ltd.
• Akfix
Countries covered
• North America
• WE
• Canada
• Mexico
• Europe
• Germany
• France
• Italy
• Spain
• Rest of Europe
• UK
• China
• Asia-Pacific and Japan
• Japan
• India
• South Korea
• Australia
• Rest of Asia-Pacific and Japan
• Rest of the world
• South America
• Middle East and Africa
Read the full report: https://www.reportlinker.com/p06291292/?utm_source=GNW
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