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Global Switches Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application
SKU ID : QYR-13849544 | Publishing Date : 12-Feb-2019 | No. of pages : 148
Summary
Whenever a switching mechanism relies on a mechanical action to change the direction or orientation of path continuity within its terminal base, it is referred to as an electromechanical switch. These switches can often be hampered by a short cycle life due to the inherent wear and tear associated with mechanical operation, but there are many switches that still can maintain a significant amount of cycles before signal and mechanical degradation.
Switches industry is relatively concentrated, manufacturers are mostly in the Japan, EU, United States and China. Among them, Japan output value accounted for more than 31.33% of the total output value of global switches in 2016. ITT Industries is the world leading manufacturer in global switches market with the market share of 12.79%, in terms of revenue.
The global switches market is expected to reach $4769.10 million by 2022 from $4568.21 million in 2017, growing at a CAGR of 0.86% from 2017 to 2021. And China market is expected to be the biggest market with output market share of 28.12% in 2022.
With the increasing in production capacity, expected that the switches raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of switches.
There are companies aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
The average price of switches will fall further. The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology, cost of raw materials, as well as the substitute threat.
The global Switches market was 4570 million US$ in 2018 and is expected to 4910 million US$ by the end of 2025, growing at a CAGR of 0.9% between 2019 and 2025.
This report studies the Switches market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Switches in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
ITT Industries
NKK Switches
TE Connectivity
ALPS
Omron
APEM
E-Switch
Electroswitch
CTS
Carling Technologies
Honeywell
TOPLY
Channel Electronic
Bulgin
Panasonic
Grayhill
ITW Switches
OTTO
Arcolectric
Bourns
Copal Electronics
Eaton
Schurter
Schneider
Phoenix Contact
ELMA
EAO
NOVA
Lorlin
LEVITON
By the product type, the market is primarily split into
Tactile
Slide
Rotary
Encoder
Toggle
Push
Detect
Micro
Power
Dip
By the end users/application, this report covers the following segments
Military
Aerospace
Commercial
Industrial
Healthcare
Automotive
White Goods
We can also provide the customized separate regional or country-level reports, for the following regions:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
Germany
France
UK
Italy
Spain
Russia
Rest of Europe
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Switches market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Switches market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global 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 Switches with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of 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.
In this study, the years considered to estimate the market size of Switches are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Switches market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders
Raw material suppliers
Distributors/traders/wholesalers/suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
End-use industries
Available Customizations
With the given market data, The offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Switches market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.
Whenever a switching mechanism relies on a mechanical action to change the direction or orientation of path continuity within its terminal base, it is referred to as an electromechanical switch. These switches can often be hampered by a short cycle life due to the inherent wear and tear associated with mechanical operation, but there are many switches that still can maintain a significant amount of cycles before signal and mechanical degradation.
Switches industry is relatively concentrated, manufacturers are mostly in the Japan, EU, United States and China. Among them, Japan output value accounted for more than 31.33% of the total output value of global switches in 2016. ITT Industries is the world leading manufacturer in global switches market with the market share of 12.79%, in terms of revenue.
The global switches market is expected to reach $4769.10 million by 2022 from $4568.21 million in 2017, growing at a CAGR of 0.86% from 2017 to 2021. And China market is expected to be the biggest market with output market share of 28.12% in 2022.
With the increasing in production capacity, expected that the switches raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of switches.
There are companies aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
The average price of switches will fall further. The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology, cost of raw materials, as well as the substitute threat.
The global Switches market was 4570 million US$ in 2018 and is expected to 4910 million US$ by the end of 2025, growing at a CAGR of 0.9% between 2019 and 2025.
This report studies the Switches market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Switches in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
ITT Industries
NKK Switches
TE Connectivity
ALPS
Omron
APEM
E-Switch
Electroswitch
CTS
Carling Technologies
Honeywell
TOPLY
Channel Electronic
Bulgin
Panasonic
Grayhill
ITW Switches
OTTO
Arcolectric
Bourns
Copal Electronics
Eaton
Schurter
Schneider
Phoenix Contact
ELMA
EAO
NOVA
Lorlin
LEVITON
By the product type, the market is primarily split into
Tactile
Slide
Rotary
Encoder
Toggle
Push
Detect
Micro
Power
Dip
By the end users/application, this report covers the following segments
Military
Aerospace
Commercial
Industrial
Healthcare
Automotive
White Goods
We can also provide the customized separate regional or country-level reports, for the following regions:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
Germany
France
UK
Italy
Spain
Russia
Rest of Europe
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Switches market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Switches market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global 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 Switches with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of 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.
In this study, the years considered to estimate the market size of Switches are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Switches market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders
Raw material suppliers
Distributors/traders/wholesalers/suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
End-use industries
Available Customizations
With the given market data, The offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Switches market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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