Electrical Switch Market Overview

An electrical switch refers to electrical equipment that can make or break a circuit by interrupting the
current or diverting it from one conductor to another. Electrical switches are available in manual or
automatic form. A switch may be directly operated by a human as a control signal to a system such as a
computer keypad button or to control power flow in a circuit.

Electrical switches can be operated by various means such as pressure, temperature, flow, current,
voltage and by sensors for automatic control of a system.

Market Size and Forecast

The global electrical switch Market is expected to achieve an exponential growth over the forecast
period i.e. 2017-2024. The factors influencing the growth of electrical switch market include rising
consumer demand for energy saving lighting systems, acceptance of standard protocols for lighting
control and favorable government initiatives for saving electricity.

electrical switch market

Geographically, Asia-Pacific dominated the electrical switch market in 2016. China, Japan and India
grabbed the largest market share in the region. Easy availability of these electrical switches at affordable
prices in the Indian market has increased their adoption in various applications such as in commercial
and residential buildings, industries, hospitality and others. The rapid boom in the construction sector in
India and China has boosted the growth of electrical switch market. Further, the growing indigenous
demand for electrical switch in India as a result of rising disposable income among the growing middle
and affluent class and the growing infrastructure in recent times is expected to make India an important
consumer of electrical switch in the near future. CLICK TO DOWNLOAD FREE SAMPLE REPORT

Apart from this, North America stood at second position in electrical switch market in the same year. In
North America, U.S. dominated the electrical switch market. Electrical switches in North America are
reliant on the growth of industrial, commercial and residential facilities. North America electrical switch
market is expected to expand at a higher pace over the forecast period.
Market Segmentation

Our in-depth analysis segmented the electrical switch market in the following segments:

By Type

Traditional electrical switch

Smart electrical switch

By End User

Commercial

Residential

Other

By Distribution Channel

Online store

Offline store

By Region

Global electrical switch market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth &
Opportunity Analysis, Future forecast & Opportunity Analysis

Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast &
Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg),
NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y
growth, Future forecast & Opportunity Analysis

Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New
Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa,
South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity
Analysis

Growth Drivers and Challenges

Rapid urbanization coupled with development of advanced modular electrical switches is one of the
major factors driving the growth of electrical switch market. Apart from this, manufacturers are
developing advanced electrical switches that are more energy efficient and require less maintenance.
Further, the growing indigenous demand for electrical switch is a result of rising disposable income
among the growing middle and affluent class. Moreover, the changing and modernized infrastructure is
expected to show a robust demand for electrical switches in the near future.

Another crucial factor fostering the growth of electrical switch market is the rapid growth in real estate
industry. It has been notified that the builders prefer good quality electrical switches. Apart from this,
rising internet penetration has also intensified the growth of electrical switches market due to wide
variety of products available at an online portal with a discounted price.

The safety and security concerns and increasing acceptance of smart and attractive electrical switches
among end users is anticipated to be one of the dynamic factors behind the rapid growth of electrical
switch market over the period 2017-2024.

However, the growth of electrical switch market is likely to be hindered by the fluctuating raw material
prices and availability of low quality and cheap products.

Key players

The major key players for electrical switch market are as follows
Legrand

Company Overview

Key Product Offerings

Business Strategy

SWOT Analysis

Financials

Siemens

ABB

Panasonic

Havells

Alps

Salzer Electronics

longsheng

GE

Schneider