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 switched are commonly used across various industries based on its easy handling and reliable properties. 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 paddle & rocker switches is increasing rapidly. One switch can be easily utilized for both foreign and domestic applications. Some of the ideal applications of these switched include appliances, office equipment communications, electronic instrumentation, medical equipment, and many more. These growing end use applications are driving the growth of paddle & rocker switches market across the globe. However, availability of alternative tools are likely to restrain the market growth during the forecast period.
Market Synopsis
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Double-Pole Switch Segment Dominated the Global Market
In 2018, 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 switch, they are highly adopted in 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.
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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 US and Canada, paddle & rocker switches are increasingly being used as an alternative for the traditional switches. Changing dynamics in the consumer electronics and telecommunication industry is also fueling the growth of this market. However, technological advancements in the manufacturing sector of emerging nations is projected to enhance the market in Asia-Pacific region.
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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, TAIWAY 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. Compounded Annual Growth Rate (CAGR) for each respective segment 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. The report provides a holistic view of global paddle & rocker switches market based on type, application, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| 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
• Others
|
|
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)
|
Key questions answered in this report
- What was the market size of paddle & rocker switches in 2018 and forecast up to 2027?
- Which is the largest regional market for types of paddle & rocker switches?
- What are the major trends followed in paddle & rocker switches market across different regions?
- Who is the key paddle & rocker switches companies leading the market?
- What are the key strategies adopted by the leading paddle & rocker switches companies in market?
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 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)
