The output value of the global electrical contact materials market estimated 3.05 billion dollars in 2016

According to Chlue Research, the output value of the global electrical contact materials market estimated 3.05 billion dollars in 2016, of which from the quantitative point of view, low-voltage electrical contact material occupies 78% share of production. Low-voltage electrical appliances market capacity needs determine the size of the basic contact material, with a downstream low-voltage electrical industry to maintain a high growth, and low-voltage electrical contact materials will continue to maintain a high growth rate. However, the development of high-voltage electrical industry is benefit from the construction of high-voltage transmission grid change.