Rocker Switch Market to Accrue $9.2 Bn, Globally, by 2031 at 3.86% CAGR: Allied Market Research – QNT Press Release


Rise in penetration of rocker switches in the automotive, healthcare, aerospace, instrumentation, and heating, ventilation, and air conditioning (HVAC) sectors will open new growth opportunities for the global rocker switch market.

PORTLAND, Ore., Sept. 5, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, “Rocker Switch Market by Switching Configuration (Single-Break, Double Break), by End Use Verticals (Automotive, Aerospace, HVAC, Instrumentation, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.” As per the report, the global rocker switch industry was estimated at $6.3 billion in 2021, and is set to reach $9.2 billion by 2031, growing at a CAGR of 3.86% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

Download Report (300+ Pages PDF with Insights, Charts, Tables, Figures):

https://www.alliedmarketresearch.com/request-sample/17352

Drivers, restraints, and opportunities

Favorable laws and a rise in the number of SMEs drives the growth of the global rocker switch market. Furthermore, compact size and wide range of ampere, voltage ratings, and constant research are set to boost the global market trends. The wide use of rocker switch devices in electric operations will boost the expansion of the market across the globe. In addition, the rise in penetration of rocker switches in the automotive, healthcare, aerospace, instrumentation, and heating, ventilation, and air conditioning (HVAC) sectors will open new growth opportunities for the global market.

Covid-19 scenario:

  • The COVID-19 pandemic severely impacted the expansion of the global rocker switch market due to the temporary shutdown of manufacturing units.
  • Disruption in raw material supply and restricted supply of finished goods, spare parts, and components during the COVID-19 pandemic outbreak hindered the market growth globally.

Scope of the Report: –

Report Attribute

Details

Revenue forecast in 2030

$ 9.2 billion

growth rate

CAGR of 3.86% from 2022 to 2031

Forecast period

2022-2031

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Regional scope

North America, Europe, Asia Pacific, Latin America, MEA

Country scope

US, Canada, Germany, UK, France, Italy, Spain, Japan, China, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia

Key companies profiled

ABB Ltd., APEM, Carling Technologies, Eaton Corporation, Emerson Electric Co., E-switch, Everel Group SpA, Honeywell International Inc., Leviton Manufacturing Co. Inc., NKK Switches, Omron Corporation., OTTO Engineering, Panasonic, Schruter , Sensata Technologies, Inc., TE Connectivity and ZF Electronics Access Table PDF

The double break segment to dominate the global market in terms of revenue by 2031

Full story available on Benzinga.com



Source link

Recommended For You

About the Author: News Center