About Electrode
An electrode refers to solid electric conductor which carries electric current into the liquid, gases, non-metallic solids, vacuum or others. It helps to convert ionic potential into electronic potential. Electrodes are classified into polarized electrodes and non-polarized electrodes. In polarizable electrodes, there is no actual charge crosses the electrode-electrolyte interface when a current is applied. It is used in various application such as fuel cells, electroplating, arc welding, cathodic protection, grounding, among others.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.74% |
The market is highly fragmented with the presence of local players and regional players in the market. Some of the major players operating in the market are Sumitomo Electric Industries, Ltd. (Japan), UniEnergy Technologies (United States), Dalian Rongke Power Co., Ltd. (China), among others. Analyst at AMA Research estimates that Japan Players will contribute the maximum growth to Global Electrode market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sumitomo Electric Industries, Ltd. (Japan), UniEnergy Technologies (United States), Dalian Rongke Power Co.,Ltd. (China), DMG Mori Aktiengesellschaft (Germany), Golden Energy Fuel Cell (China), Prudent Energy and Services Limited (Nigeria), Invinity systems (Jersey), Imergy (United States), Graphite India Limited (GIL) (India) and HEG Limited (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Tokai Carbon Co., Ltd. (Japan), Jilin Carbon Co., Ltd (China), Nantong Yangzi Carbon Co., Ltd. (China), Kaifeng Carbon Co., Ltd (China) and Nippon Carbon Co., Ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Electrode market by Type (Metal, Hydrogen, Calomel, Redox and Others), Application (Fuel cells, Electroplating, Arc welding, Cathodic protection, Grounding, Medical purposes {EEG, ECG, ECT, among others} and Others) and Region.
On the basis of geography, the market of Electrode has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Electrode market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical , the sub-segment i.e. Steel Industry will boost the Electrode market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement regrading Electrodes Products
Market Growth Drivers:
Increasing Usage of Electrodes in Numerous Application and Rising Demand for EEG Procedures as well as Increasing Demand for Dry Electrodes
Challenges:
In electrodes, it is Difficult to Assemble the Apparatus
Restraints:
Stringent Government Rules as well as Regulations
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others and Government Initiative to Promote Electrode Market
Market Leaders and their expansionary development strategies
In 2020, redT and Avalon have merged as Invinity Energy Systems, a leading Vanadium Flow Battery company. The merger unites the companies under a new name, Invinity Energy Systems (Invinity), and combines the existing strengths of both companies with the scale and market presence to compete with the major players in a global energy storage market, forecast for £55 billion of new investment by 2024.
On 3rd November 2020, Graphene is the much-lauded and hyped wonder material set to enable the next generation of advanced technologies, and Integrated Graphene, based in Stirling, is about to launch their first graphene-enhanced product. The introduction of their flagship 3D Graphene Foam electrodes coincides with the company's rebranding to signal the company's transition to commercialising their revolutionary 3D Graphene process in their first product, Gii-Sens. The rebranding also marks the company's transition from R&D to Advanced Materials Manufacturer.
Sidor is one of the steelmakers that uses Electrical Arc Furnaces (also known as Fusion Furnaces) for liquid steel fabrication. The efficiency of the furnace will be determined by how it is operated as well as by the regulation processes used during the calibration adjustment of the electrodes as they move up and down. Correct calibration control loops for electrode movement help to reduce wear away as well as wear down of the refractory material and help to improve the use of electrical energy. The combined effect of these three factors is to reduce manufacturing costs.
Key Target Audience
Manufacturers of Electrode, Suppliers of Electrode, Wholesalers, Distributors and Retailers of Electrode, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.