Product Code: 3505
The electric switch market is set to witness exponential growth through 2030 owing to increasing consumer awareness regarding energy-saving lighting systems. In addition, government initiatives toward the adoption of safe energy appliances are expected to bolster market progress through the forecast period.
Notably, major participants in the industry have adhered to profitable and innovative strategies to take advantage of emerging trends in the sector, which has contributed to the expansion of the electric switch market. For instance, in April 2022, Littelfuse Inc., a leading industrial technology manufacturing firm, entered into an agreement with Sun Capital Partners, Inc., to acquire C&K Switches, a manufacturer and designer of interconnect solutions and electromechanical switches, for $540 million. With this takeover, Littelfuse intended to expand its business presence through a combination of channel distribution and direct sales.
To cite another instance, in May 2021, Honeywell, an American multinational conglomerate, launched MK Aria, its novel range of decorative and low-voltage wiring devices under the MK brand. The new range includes A+C type ports with the latest in-built USB charging tech and is ideal for the hospitality sector. Honeywell claims that the range of switches is safe and highly reliable and delivers superior performance and value for end-users and customers.
In another notable development, in May 2022, OMRON, a global leader in the field of automation, launched the G9KB, its novel high voltage DC relay designed for high-capacity household electricity storage systems. The launch came as part of the firm's continued commitment to work on its switching technology to contribute toward a decarbonized society. This device safely cuts direct current from household storage systems and downsizes products, thereby encouraging renewable energy.
The electric switch market has been further bifurcated based on type and region. On the basis of type, the market has been divided into PCB switches, push button switches, snap action switches, pressure switches, tactile, push wheel switches, toggle switches, keylock switches, rocker switches, and others.
Among these, the rocker switches sub-segment is projected to witness notable expansion through 2030. Rocker switches have a wide range of applications, including power switches on the back of computers, military applications, heavy equipment controls, and a variety of heavy-duty applications.
With regards to region, increasing adoption of smart electrical switches in oil and gas facilities in the Middle East and Africa region is expected to boost the growth of the MEA electric switch market in the upcoming time period. In addition, the Latin America electric switch industry is slated to observe robust growth through the forecast period on account of rapid expansion of the electric grid in the LATAM region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Scope and definition
- 1.2 Methodology & forecast parameters
- 1.3 COVID-19 impact
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 Middle East & Africa
- 1.4 Data sources
- 1.4.1 Secondary
- 1.4.2 Primary
- 1.5 Industry Glossary
Chapter 2 Executive Summary
- 2.1 Electric switch industry 360 degree synopsis, 2018 - 2030
- 2.2 Business trends
- 2.2.1 Regional trends
- 2.2.2 Type trends
Chapter 3 Electrical Switches Industry Insights
- 3.1 Impact analysis of coronavirus (COVID-19) pandemic on electric switch market
- 3.1.1 Global outlook
- 3.1.2 Impact by region
- 3.1.2.1 North America
- 3.1.2.2 Europe
- 3.1.2.3 Asia Pacific
- 3.1.2.4 Latin America
- 3.1.2.5 MEA
- 3.1.3 Industry value chain
- 3.1.3.1 Research & development
- 3.1.3.2 Manufacturing
- 3.1.3.1 Marketing
- 3.1.3.2 Supply
- 3.1.4 Competitive landscape
- 3.1.4.1 Strategy
- 3.1.4.2 Distribution network
- 3.1.4.3 Business growth
- 3.2 Industry Ecosystem
- 3.2.1 Suppliers
- 3.2.2 Manufacturers
- 3.2.3 End-use landscape
- 3.2.4 Distribution channel analysis
- 3.2.5 Vendor matrix
- 3.3 Technology & innovation landscape
- 3.3.1 Haptic switch technology
- 3.3.2 Radio Frequency (RF)-electric switches
- 3.4 Switch technology type analysis
- 3.4.1 Anti-Vandal Push button switch
- 3.4.2 Hall effect push wheel switch
- 3.4.3 Soft Sound Tact Switch
- 3.5 Investment landscape
- 3.6 Regulatory landscape
- 3.6.1 International Standards
- 3.6.2 North America
- 3.6.2.1 ANSI/UL 1054
- 3.6.2.2 UL 61058-1
- 3.6.2.3 MIL-STD-1472
- 3.6.2.4 MIL-STD-461
- 3.6.3 Europe
- 3.6.3.1 BS EN IEC 61020-1:2019
- 3.6.3.2 CECC (96401-001, 96201-005, 96201-008)
- 3.6.4 Asia Pacific
- 3.6.4.1 BSI - BS 9564
- 3.6.4.2 GBT 26572-2011
- 3.6.4.3 E-Waste Regulations in China
- 3.6.5 Latin America
- 3.6.5.1 NOM-003-SCFI-2000
- 3.6.5.2 Latin America UNIDO E-Waste program
- 3.6.6 Middle East
- 3.6.6.1 Restriction of Hazardous Substances in Electrical and Electronic Equipment (SASO Technical Regulation)
- 3.7 Industry impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Rising penetration of industrial automation trends globally
- 3.7.1.2 Rising integration of electronic components in vehicles
- 3.7.1.3 Growing usage of electrical switches in the healthcare sector in Latin America
- 3.7.1.4 Rising adoption of smart electrical switches in oil & gas facilities in the MEA region
- 3.7.2 Industry pitfalls and challenges
- 3.7.2.1 Maintenance & repair issues related to electromechanical switches
- 3.8 Growth potential analysis
- 3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Internal rivalry
- 3.10 PESTEL analysis
- 3.10.1 Political
- 3.10.2 Economical
- 3.10.3 Social
- 3.10.4 Technological
- 3.10.5 Environmental
- 3.10.6 Legal
Chapter 4 Competitive Landscape, 2021
- 4.1 Introduction
- 4.2 Company market share
- 4.3 Competitive analysis of major market players
- 4.3.1 C&K
- 4.3.2 Honeywell International Inc.
- 4.3.3 TE Connectivity
- 4.3.4 Alps Alpine Co., Ltd.
- 4.3.5 RAFI GmbH & Co. KG
- 4.4 Vendor adoption matrix
Chapter 5 Electric Switch Market, By Type
- 5.1 Electric switch market share, by type, 2021 & 2030
- 5.2 Push button switches
- 5.2.1 Market estimates & forecast, 2018-2030
- 5.3 Toggle switches
- 5.3.1 Market estimates & forecast, 2018-2030
- 5.4 Push wheel switches
- 5.4.1 Market estimates & forecast, 2018-2030
- 5.5 Keylock switches
- 5.5.1 Market estimates & forecast, 2018-2030
- 5.6 Rocker switches
- 5.6.1 Market estimates & forecast, 2018-2030
- 5.7 Snap action switches
- 5.7.1 Market estimates & forecast, 2018-2030
- 5.8 Tactile switches
- 5.8.1 Market estimates & forecast, 2018-2030
- 5.9 Pressure switches
- 5.9.1 Market estimates & forecast, 2018-2030
- 5.10 PCB switches
- 5.10.1 Market estimates & forecast, 2018-2030
- 5.11 Other switches
- 5.11.1 Market estimates & forecast, 2018-2030
Chapter 6 Electric Switch Market, By Region
- 6.1 Electric switch market share, by region, 2021 & 2030
- 6.2 North America
- 6.2.1 Market estimates & forecast, by type, 2018-2030
- 6.2.2 U.S.
- 6.2.2.1 Market estimates & forecast, by type, 2018-2030
- 6.2.3 Canada
- 6.2.3.1 Market estimates & forecast, by type, 2018-2030
- 6.3 Europe
- 6.3.1 Market estimates & forecast, by type, 2018-2030
- 6.3.2 UK
- 6.3.2.1 Market estimates & forecast, by type, 2018-2030
- 6.3.3 Germany
- 6.3.3.1 Market estimates & forecast, by type, 2018-2030
- 6.3.4 France
- 6.3.4.1 Market estimates & forecast, by type, 2018-2030
- 6.3.5 Italy
- 6.3.5.1 Market estimates & forecast, by type, 2018-2030
- 6.3.6 Russia
- 6.3.6.1 Market estimates & forecast, by type, 2018-2030
- 6.4 Asia Pacific
- 6.4.1 Market estimates & forecast, by type, 2018-2030
- 6.4.2 China
- 6.4.2.1 Market estimates & forecast, by type, 2018-2030
- 6.4.3 India
- 6.4.3.1 Market estimates & forecast, by type, 2018-2030
- 6.4.4 Japan
- 6.4.4.1 Market estimates & forecast, by type, 2018-2030
- 6.4.5 South Korea
- 6.4.5.1 Market estimates & forecast, by type, 2018-2030
- 6.5 Latin America
- 6.5.1 Market estimates & forecast, by type, 2018-2030
- 6.5.2 Brazil
- 6.5.2.1 Market estimates & forecast, by type, 2018-2030
- 6.5.3 Mexico
- 6.5.3.1 Market estimates & forecast, by type, 2018-2030
- 6.6 MEA
- 6.6.1 Market estimates & forecast, by type, 2018-2030
- 6.6.2 GCC
- 6.6.2.1 Market estimates & forecast, by type, 2018-2030
- 6.6.3 South Africa
- 6.6.3.1 Market estimates & forecast, by type, 2018-2030
Chapter 7 Company Profiles
- 7.1 Alps Alpine Co, Ltd.
- 7.1.1 Business overview
- 7.1.2 Financial data
- 7.1.3 Product landscape
- 7.1.4 Go-to-market strategies
- 7.1.5 SWOT analysis
- 7.2 Amphenol NEXUS Technologies
- 7.2.1 Business overview
- 7.2.2 Financial data
- 7.2.3 Product landscape
- 7.2.4 Go-to-market strategies
- 7.2.5 SWOT analysis
- 7.3 APEM Group
- 7.3.1 Business overview
- 7.3.2 Financial data
- 7.3.3 Product landscape
- 7.3.4 Go-to-market strategies
- 7.3.5 SWOT analysis
- 7.4 C&K
- 7.4.1 Business overview
- 7.4.2 Financial data
- 7.4.3 Product landscape
- 7.4.4 Go-to-market strategies
- 7.4.5 SWOT analysis
- 7.5 CW Industries
- 7.5.1 Business overview
- 7.5.2 Financial data
- 7.5.3 Product landscape
- 7.5.4 Go-to-market strategies
- 7.5.5 SWOT analysis
- 7.6 EAO AG
- 7.6.1 Business overview
- 7.6.2 Financial data
- 7.6.3 Product landscape
- 7.6.4 Go-to-market strategies
- 7.6.5 SWOT analysis
- 7.7 E-Switch
- 7.7.1 Business overview
- 7.7.2 Financial data
- 7.7.3 Product landscape
- 7.7.4 Go-to-market strategies
- 7.7.5 SWOT analysis
- 7.8 GRAYHILL, Inc.
- 1.8.1 Business overview
- 7.8.2 Financial data
- 7.8.3 Product landscape
- 7.8.4 Go-to-market strategies
- 7.8.5 SWOT analysis
- 7.9 Honeywell International, Inc.
- 7.9.1 Business overview
- 7.9.2 Financial data
- 7.9.3 Product landscape
- 7.9.4 Go-to-market strategies
- 7.9.5 SWOT analysis
- 7.10 Machine Components Corporation
- 7.10.1 Business overview
- 7.10.2 Financial data
- 7.10.3 Product landscape
- 7.10.4 Go-to-market strategies
- 7.10.5 SWOT analysis
- 7.11 NKK Switches
- 7.11.1 Business overview
- 7.11.2 Financial data
- 7.11.3 Product landscape
- 7.11.4 Go-to-market strategies
- 7.11.5 SWOT analysis
- 7.12 Select Switches
- 7.12.1 Business overview
- 7.12.2 Financial data
- 7.12.3 Product landscape
- 7.12.4 Go-to-market strategies
- 7.12.5 SWOT analysis
- 7.13 SHALLCO, Inc.
- 7.13.1 Business overview
- 7.13.2 Financial data
- 7.13.3 Product landscape
- 7.13.4 Go-to-market strategies
- 7.13.5 SWOT analysis
- 7.14 TE Connectivity
- 7.14.1 Business overview
- 7.14.2 Financial data
- 7.14.3 Product landscape
- 7.14.4 Go-to-market strategies
- 7.14.5 SWOT analysis
- 7.15 TORQ Corporation
- 7.15.1 Business overview
- 7.15.2 Financial data
- 7.15.3 Product landscape
- 7.15.4 Go-to-market strategies
- 7.15.5 SWOT analysis
- 7.16 Yaskawa America, Inc.
- 7.16.1 Business overview
- 7.16.2 Financial data
- 7.16.3 Product landscape
- 7.16.4 Go-to-market strategies
- 7.16.5 SWOT analysis