Report Highlights
The global electromechanical switch market should reach $15.6 billion by 2022 from $10.4 billion in 2017 at a compound annual growth rate (CAGR) of 8.4%, from 2017 to 2022.
Report Includes
- An overview of the global market for electrical switches and technologies.
- Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022.
- A breakdown of the market by region, by type, and by applications.
- Definition of electrical switches and description of types of switches.
- Insight into the raw materials suppliers and price analysis of electrical switches.
Report Scope
The scope of this market study includes the leading electromechanical switch technologies that are currently in use globally. These technologies are used for several applications, such as consumer appliances, industrial automation and in the transportation, military, energy and power sectors among others, as well as in new emerging sectors driven by technological innovation.
The market analysis provided in this report is based on a variety of data sources. These include the most recent government, industry, company and academic data regarding the projected level of demand for electromechanical switch technologies. Therefore, this report provides a comprehensive review of available data to provide a realistic, robust and accurate assessment of this rapidly evolving market.
BCC Research analyzes each of the leading electromechanical switch technologies, determines their current market status, examines their potential demand and impact on future markets and presents forecasts of growth over the next five years. Estimated market values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely regulatory environments in support of this industry.
BCC Research analyzes the industry on a global basis in terms of its manufacturing and the deployment of its technologies and products. BCC Research examines government roles in support of electromechanical switches technologies globally, including regulatory support, government requirements and promotional incentives for various electromechanical switch technologies as relevant and available. BCC Research provides a review of the most relevant electromechanical switch technologies, discusses recent trends and sales and provides industry overviews and market assessments for leading electromechanical switch technology.
Analyst Credentials
Christopher Maara holds a Master's degree in Finance and Development (Msc) from University of London's School of Oriental and African Studies (SOAS), and has been a Country Risk, Energy Markets and Lead Analyst with London-based Business Monitor International (BMI) and Visiongain Limited, as well with Investment & Research Ltd based in Nairobi. He is also the Founder and Business Development Manager for Kiri Energy Limited, a renewable energy company based in Nairobi, Kenya, where he has worked on a number small-scale, mini-hydro and solar projects in Kenya involving system design and installation.
Related Reports
Printed Circuit Boards: Technologies and Global Markets
The global markets for printed circuit boards (PCBs) was valued at $67.9 billion in 2023. It is projected to grow from $70.9 billion in 2024 to $92.4 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.4% from 2024 through 2029.
Microelectromechanical Systems (MEMS) Technology: Current and Future Markets
The global microelectromechanical systems (MEMS) technology market should reach $41.5 billion by 2028 from $28.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.8% for the forecast period of 2023 to 2028.
Electronic Chemicals and Materials: The Global Market
The global electronic chemicals and materials market should reach $76 billion by 2027 from $59.4 billion in 2022 at a compound annual growth rate (CAGR) of 5.0% for the forecast period of 2022 to 2027.
2019 Semiconductor Manufacturing Research Review
The global thermal management technologies market should reach $16.3 billion by 2023 from $12.4 billion in 2018 at a compound annual growth rate (CAGR) of 5.6% for the forecast period 2018 to 2023.
Recent Reports
Hydrogen Fuel Cell: Global Markets
The global market for hydrogen fuel cells is estimated to increase from $5.1 billion in 2024 to reach $11.0 billion by 2029, at a compound annual growth rate (CAGR) of 16.5% from 2024 through 2029.
Biorefinery Products and Applications: Global Markets
The global market for biorefinery products and applications was valued at $715.7 billion in 2023. The market is expected to grow from $775.2 billion in 2024 to nearly $1.2 trillion by 2029, at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2029.
Battery Separators: Global Markets
The global market for battery separators is expected to grow from $8.1 billion in 2024 and is projected to reach $19.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 18.6% during the forecast period of 2024 to 2029.
Carbon Credits Market: Global Outlook
This report provides an up-to-date analysis of current and future markets for carbon credits and the carbon offsets industry. It presents a thorough and up-to-date global assessment of the market and business of carbon credits. The report also includes a competitive landscape, ESG analysis, and detailed company profiles of leading market players.
Hydrogen Storage: Materials, Technologies and Global Markets
The global market for hydrogen storage materials and technologies is expected to grow from $5.3 billion in 2023 to $7.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.6% from 2023 through 2028.
Top Trending Reports
Single-use Technologies for Biopharmaceuticals: Global Markets
The global market for single-use technologies for biopharmaceuticals is expected to grow from $6.5 billion in 2024 and is projected to reach $11.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for Cell and Gene Therapy (CGT) Tools and Reagents is estimated to increase from $10.0 billion in 2024 to reach $16.7 billion by 2029, at a compound annual growth rate (CAGR) of 10.8% from 2024 through 2029.
Chronic Disease Management: Therapeutics, Device Technologies and Global Markets
The global market for chronic disease management therapeutics and device technologies was valued at $675.0 billion in 2023. It is projected to grow from $726.3 billion in 2024 to $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 8.1% from 2024 through 2029.
Global Market Opportunities and Competitive Landscape for CDMO
The global CDMO market was valued at $128.0 billion in 2023. This market is expected to grow from $136.6 billion in 2024 to $191.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2029.
CRISPR Technology: Global Markets
The global market for CRISPR technology was valued at $3.4 billion in 2023. This market is expected to grow from $3.8 billion in 2024 to $7.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More