The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased building activity is likely to encourage innovation in electric switch production, propelling the market during the forecast period.

The global electric switch market is expected to grow from $12.95 billion in 2022 to $13.82 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The electric switch market size is expected to reach $17.15 billion in 2027 at a CAGR of 5.6%.

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Global Electric Switch Market Segments Include:

• By Type: Traditional Electrical Switch, Smart Electrical Switch
• By Poles And Throws: SPST (Single Pole Single Throw), DPDT (Double Pole Double Throw), SPDT (Single Pole Double Throw)
• By Construction: Push-Button Switches, Toggle Switches, Rotary Switches, Joystick Switches, Level Switches, Rocker Switches, Membrane Switches, Spiral And Stick Switches
• By State: Momentary, Locked Switches
• By End-User: Commercial, Residential, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global electric switch market in 2021.

Major Market Players in the electric switch market include Havells India Limited, ABB Limited, Salzer Electronics Limited, Schneider Electric SE, General Electric Company (GE), Opple Lighting Co. Ltd., Delixi Electric Ltd., Zhejiang Chint Electrics Co. Ltd.

Electrical switch systems that are technologically advanced are a prominent trend that is gaining popularity in the electric switch industry. To strengthen their market position, major players in the electric switch market are focusing on implementing and developing innovative technologies. Superior Sensor Technology, a US-based electric components manufacturing business, for example, announced in August 2022 a built-in pressure switch function with three threshold pressure modes as part of their NimbleSense architecture to be utilised in HVAC, medical, and industrial equipment. Because of its flexible design, the new pressure switch saves PCB board area and lowers production costs.

The Electric Switch Global Market Report 2023  provides a electric switch market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electric switch market forecast analyzes electric switch market size, electric switch market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An electric switch is a device that connects and disconnects an electric circuit as well as controls the electrical current supply to electric loads. It is used to complete or break an electric circuit so that an electric equipment can be operated safely.

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