Increasing End-Use Applications is Driving the Paddle & Rocker Switches Market
Globally, the paddle & rocker switches market is expected to grow with a CAGR of 4.0% during the forecast period from 2019 to 2027. A rocker and paddle switch is commonly used across various industries because of its easy handling and reliability. The rocker switches are used in surge protectors, computer power supplies, display monitors, and many other applications and devices. Whereas paddle-switch can be operated easily without switching on unintentionally.
The applications of paddle & rocker switches are increasing rapidly. One switch can be easily utilized for both foreign and domestic applications. Some of the ideal applications of these switches include appliances, office equipment communications, electronic instrumentation, medical equipment, and many more. These growing end-use applications are driving the growth of the global paddle & rocker switches market. However, the availability of alternative tools is likely to restrain the market growth during the forecast period.
Market Synopsis
Double-Pole Switch Segment Dominated the Global Market
In 2018, the double-pole switch led the paddle & rocker switches market by holding a market share of over 55%. As double-pole switches offer numerous advantages over single-pole switches, they are highly adopted in the development of advanced devices and machinery. Furthermore, increasing development in the consumer electronics and appliances industry is also fueling the growth of this market during the forecast period.
North America to Dominate the Market by Region
In the global paddle & rocker switches market, North America held the largest market share of more than 38% in 2018. In U.S. and Canada, paddle & rocker switches are increasingly being used as an alternative to traditional switches. Changing dynamics in the consumer electronics and telecommunication industry are fueling this market's growth. However, technological advancements in the manufacturing sector of emerging nations are projected to enhance the market in the Asia-Pacific region.
Some of the prominent players operating in the paddle & rocker switches market include E-Switch, C&K Components, NTE Electronics, Littelfuse, Eaton, APEM (IDEC), Carling Technologies, TAXIWAY Electronics, NKK Switches, HELLA, Everel Group, Oslo Switch Inc., and OTTO Engineering.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The paddle & rocker switches market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global paddle & rocker switches market based on type, application, and geography. Key segments covered in the report are as follows:
Segmentation Type Segment (2017–2027; US$ Bn)
Single-Pole Switch
Double-Pole Switch
Application Segment (2017–2027; US$ Bn)
Consumer Electronics and Appliance
Telecommunications
Industrial and Medical
Other
Geography Segment (2017–2027; US$ Bn)
North America (U.S. and Rest of North America)
Europe (U.K., Germany, France, and Rest of Europe)
Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
Rest of World (Middle East & Africa (MEA), Latin America)
Unique data points of this report
Statistics on paddle & rocker switches penetration and spending worldwide
Recent trends across different regions in terms of adoption of paddle & rocker switches for various applications.
Notable developments going on in the paddle & rocker switches market
Attractive investment proposition for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently asked questions :
The market for Paddle & Locker Switches Market is expected to reach US$ XX Bn in 2027.
The Paddle & Locker Switches Market is expected to see significant CAGR growth over the coming years, at 4.0%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
E-Switch, C&K Components, NTE Electronics, Littelfuse, Eaton, APEM (IDEC) are some of the major players in the global market.
