Electrical Switch Market Size & Share, by Type (Traditional, Smart); System (Mechanical, Electronic, Electro-Mechanical); Contact (Single Contact, Multi-Contact); End-user (Commercial, Residential); Distribution Channel (Online Store, Offline Store) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 316
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Companies Dominating the Electrical Switch Landscape

top-features-companies
    • Havells India Limited
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Panasonic Holdings Corporation
    • ABB Limited
    • Salzer Electronics Limited
    • Schneider Electric SE
    • General Electric Company (GE)
    • Opple Lighting Co., Ltd.
    • Delixi Electric Ltd.
    • Zhejiang Chint Electrics Co., Ltd
    • Simon S.A.U.

Browse Key Market Insights with Data Illustration:

In-the-news

In The News

  • Havells India Limited launched Anti-Viral Anti-Bacterial switch range to encourage safe lifestyle. As a result of ViruzSafeTM patent-pending technology, these ranges are able to kill 92.5% of viruses within one minute from the switch surface, and over 99.89% within two hours, ensuring consumers' health and hygiene safety.

  • Panasonic Holdings Corporation announced the launch of waterproof switches which have built-in resistors, with a wiring failure detection function to enhance the automobiles safety.


Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 316
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Worldwide surge in urbanization, growth in electronics industry, and escalation in automotive industry are some major factors driving the growth of the market.

The market is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2023-2033.

Fluctuating raw material prices of electrical switch, availability of low quality and cheap products, and rising competition among manufacturers are estimated to hamper the market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are ABB Ltd., Panasonic Holdings Corporation, Havells India Limited, Salzer Electronics Limited, Schneider Electric SE, General Electric Company (GE), Opple Lighting Co., Ltd., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, system, contact, end-user, distribution channel, and by region.

The commercial segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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