In electrical engineering, an electrical switch is an electrical component that can "make" or "break" an electrical circuit, interrupting the current or diverting it from one conductor to another. The mechanism of a switch removes or restores the conducting path in a circuit when it is operated. It may be operated manually, for example, a light switch.
Legrand, Siemens, Simon and ABB captured the top four revenue share spots in the electrical switches market in 2016. Legrand dominated with 24.34 percent revenue share, followed by Simon with 9.02 percent revenue share and Siemens with 8.60 percent revenue share.
In terms of the classification segment, Traditional Electrical Switches market accounted for over 80.37% of the overall share in 2016, and Smart Electrical Switches accounted for over 19.63%. It is expected that Smart Electrical Switches will account for over 22.58% in 2021.
According to this study, over the next five years the Electrical Switches market will register a 1.0% CAGR in terms of revenue, the global market size will reach USD 3860 million by 2024, from USD 3630 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Electrical Switches business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Electrical Switches market by product type, application, key manufacturers and key regions and countries.
This study considers the Electrical Switches value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Traditional Electrical Switches
Smart Electrical Switches
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Polyester Fibers, Cellulose Acetate Fibers
Residential
Commercial
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Legrand
Siemens
Simon
ABB
Schneider
GE
Alps
Panasonic
Havells
Salzer Electronics
Amit Electrical
Delixi
CHINT
Longsheng
Opple
Gamder
Feidiao
Bull
GELAN
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Electrical Switches consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Electrical Switches market by identifying its various subsegments.
Focuses on the key global Electrical Switches manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electrical Switches with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electrical Switches submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
