Electrical Switches Market : Leading Players Analysis Report 2024
The Global Electrical Switches Market Growth 2019-2024 is a research report available at DecisionDatabases.com.
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 US$ 3860 million by 2024, from US$ 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.
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The key manufacturers covered in this report:
- Legrand
- Siemens
- Simon
- ABB
- Schneider
- GE
- Alps
- Panasonic
- Havells
- Salzer Electronics
- Amit Electrical
- Delixi
- CHINT
- Longsheng
- Opple
- Gamder
- Feidiao
- Bull
- GELAN
Segmentation by product type:
- Traditional Electrical Switches
- Smart Electrical Switches
Segmentation by application:
- Polyester Fibers, Cellulose Acetate Fibers
- Residential
- Commercial
This report also splits the market by region:
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- …….
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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.
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