Product Code: EGY145B
The global market for electrical switches is expected to grow from $16.0 billion in 2025 and is projected to reach $20.8 billion by the end of 2030, at a compound annual growth rate (CAGR) of 5.4% during the forecast period of 2025 to 2030.
The global market for electrical switches for push-button switch type is expected to grow from $6.2 billion in 2025 and is projected to reach $9.0 billion by the end of 2030, at a CAGR of 7.6% during the forecast period of 2025 to 2030.
The global market for electrical switches for rocker switch type is expected to grow from $2.2 billion in 2025 and is projected to reach $2.6 billion by the end of 2030, at a CAGR of 3.0% during the forecast period of 2025 to 2030.
Report Scope
This report analyzes trends in the global market for electrical switches. It provides global revenues (in $ millions) for segments and regions, with 2024 as the base year and estimated market data for 2025 through 2030. The report segments the market by switch type, materials, technology, configuration, distribution channel, application, and region. Regions covered are North America (U.S., Canada, Mexico), Europe (U.K., Germany, France, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific), and the Rest of the World (South America, and the Middle East and Africa). The report also discusses emerging technologies and the competitive landscape. It concludes with profiles of the leading companies in the market.
Report Includes
- 70 data tables and 50 additional tables
- An updated review of the global market for electrical switches
- Analyses of global market trends, with sales data for 2024, estimates for 2025, forecasts for 2026, 2027, and projections of compound annual growth rates (CAGRs) through 2030
- Evaluation of and forecast for the global market for electrical switches, and a corresponding market share analysis by switch type, material, technology, switch configuration, distribution channel, application, and region
- A look at emerging technologies, opportunities and gaps in current and future demand for electrical switches
- Coverage of the technological issues related to electrical switches
- Identification of the companies best positioned to meet the market demand due to their proprietary technologies, new products, and strategic alliances
- Discussion of the industry value chain, the demand-supply gap, and factors driving the growth of the market
- A patent analysis with emphasis on emerging technologies and new developments
- A discussion of the industry's ESG challenges and practices
- Analysis of the leading companies' market shares and proprietary technologies, strategic alliances, and other key market strategies
- Profiles of the leading companies including, ABB, Schneider Electric, Siemens, Honeywell International Inc., and Eaton
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
- Market Dynamics
- Emerging Technologies
- Segmental Analysis
- Regional Insights and Emerging Markets
- Conclusion
Chapter 2 Market Overview
- Current Market Scenario
- Outlook
- Macroeconomic Factors Analysis
- Impact of Rising Inflation and Interest Rates
- Currency Exchange Rate Fluctuations
- Increasing Geopolitical Risks and Trade Dynamics
- Porter's Five Force Analysis
- Value Chain Analysis
- Regulatory Landscape
Chapter 3 Market Dynamics
- Takeaways
- Market Drivers
- Demand for Electric Vehicles
- Increasing Urbanization and Infrastructure
- Anti-bacterial Electrical Switches
- Market Restraints
- Terminal Configuration Mismatch and Lack of Electrical Switch Compatibility
- Security Vulnerabilities in Smart Switches
- Market Opportunities
- Construction-Specific Solutions, Installation Efficiency, and Safety
- Touchscreen Electrical Switches and Smart Cities
- Energy-Efficient Electrical Switches
Chapter 4 Emerging Trends and Technologies
- Overview
- Emerging Trends
- Sustainable Electrical Switches
- Government Quality and Safety Mandates
- Higher Voltage Architectures and Smart Switching Technologies
- Emerging Technologies
- Battery-Free and RF-Powered Switches
- Ferroelectric Non-volatile Memory (NVM) and Thermal Management
- Patent Analysis
- Regional Patterns
- Findings
Chapter 5 Market Segmentation Analysis
- Segmentation Breakdown
- Market Breakdown by Switch Type
- Key Takeaways
- Push-Button Switches
- Rocker Switches
- Toggle Switches
- Snap-action Switches
- Keylock Switches
- Rotary Switches
- Limit Switches
- Other Switches
- Market Breakdown by Material
- Takeaways
- Plastic
- Metal
- Ceramic
- Market Breakdown by Technology
- Takeaways
- Mechanical Switches
- Electronic Switches
- Smart Switches
- Market Breakdown by Switch Configuration
- Takeaways
- Single-Pole
- Double-Pole
- Multi Pole
- Market Breakdown by Distribution Channel
- Takeaways
- Offline
- Online
- Market Breakdown by Application
- Takeaways
- Commercial/Industrial
- Residential
- Geographic Region
- Market Breakdown by Region
- Takeaways
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 6 Competitive Intelligence
- Key Takeaways
- Analysis of the Electric Switch Ecosystem
- Analysis of Leading Companies
Chapter 7 Sustainability in the Electrical Switch Industry: An ESG Perspective
- ESG Issues in the Electrical Switch Market
- Environmental Issues
- Social Responsibility Issues
- Governance Issues
- ESG Performance Analysis
- Environmental Performance
- Social Performance
- Governance Performance
- Current Status of ESG in the Electrical Switch Market
- Concluding Remarks from BCC Research
Chapter 8 Appendix
- Methodology
- Abbreviations
- Company Profiles
- ABB
- ADOLF WURTH GMBH & CO. KG
- EATON
- GE VERNOVA
- HONEYWELL INTERNATIONAL INC.
- INFINEON TECHNOLOGIES AG
- LEGRAND
- LITTELFUSE INC.
- LUTRON
- OMRON CORP.
- ROCKWELL AUTOMATION
- SALZER ELECTRONICS LTD.
- SCHNEIDER ELECTRIC
- SIEMENS
- TE CONNECTIVITY