Market Overview:
The global change-over switches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automatic change-over switches from industrial and commercial applications, and the growing demand for residential applications.
Product Definition:
A change-over switch is a switch that is used to control the operation of an electric motor or other equipment by alternately connecting and disconnecting its power supply.
Automatic:
Automatic Change-over Switch is a device used in power distribution systems to automatically change the supply voltage and frequency. It does not require any human interaction for switching operation. These switches are mainly used in applications where there is a need to protect electronic devices from high or low voltages and currents, as well as when the load fluctuation needs to be reduced.
Manual:
The manual is a user-friendly document containing information related to the settings and functions of an electronic device. It contains specification details, installation procedures, Frequently Asked Questions (FAQs), and many other sections. The size of the manual varies with different devices; however, most of them are in the range from 4 to 6 pages.
Manuals are used by technicians as well as consumers for various electronics products such as mobile phones, computers/ laptops among others.
Application Insights:
The demand for change-over switches in the industrial application is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to an increase in the number of power grid and telecommunication networks across the globe. The growing electronics industry, especially in China, India and South Korea is also likely to contribute significantly towards product demand over the forecast period.
The commercial segment held a significant share of over 40% in 2017 and is expected to grow at a steady rate during the forecast period as it caters primarily to office buildings and corporate offices that require high level security systems for their infrastructure. Furthermore, increasing investments by governments around the world towards green technologies are anticipated fuel product demand over next eight years or so.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing number of construction projects and growing industrial automation. The region accounted for more than 35% of global revenue in 2017, which can be attributed to rising investments in industrial automation and implementation of new technologies across various end-use industries.
Europe was valued at over USD X billion in 2017, owing to high demand from commercial applications such as data centers, hotels, hospitals, malls etc. In addition Europe has several large construction projects that are likely to implement change-over switches on a large scale; these include Luzerna Bridge (Switzerland), A9 motorway (UK) and High Speed Rail link between Brussels & Luxembourg (Belgium). These factors are anticipated drive regional growth over the next eight years.
Growth Factors:
- Increasing demand from the automotive industry for change-over switches as a safety feature
- Growing demand for miniaturized and low-profile switches in consumer electronics
- Rising popularity of programmable logic controllers (PLCs) that use change-over switches for machine automation
- Proliferation of smart homes and Internet of Things (IoT) devices that require reliable switchgear
- Emergence of new applications such as electric vehicles, solar energy systems, and wind turbines that need efficient switchgear
Scope Of The Report
Report Attributes
Report Details
Report Title
Change-over Switches Market Research Report
By Type
Automatic, Manual
By Application
Industrial, Commercial, Residential
By Companies
Schneider Electric, ABB, Siemens, Vertiv, GE, Eaton, Cummins, KOHLER, Briggs & Stratton, GENERAC, Socomec, Thomson Power Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Change-over Switches Market Report Segments:
The global Change-over Switches market is segmented on the basis of:
Types
Automatic, Manual
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schneider Electric
- ABB
- Siemens
- Vertiv
- GE
- Eaton
- Cummins
- KOHLER
- Briggs & Stratton
- GENERAC
- Socomec
- Thomson Power Systems
Highlights of The Change-over Switches Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automatic
- Manual
- By Application:
- Industrial
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Change-over Switches Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A change-over switch is a safety device used in electrical wiring to protect people and equipment from electric shock. When one circuit is switched off, the current flowing through the switch will cause the contacts inside to close, breaking the circuit.
Some of the major players in the change-over switches market are Schneider Electric, ABB, Siemens, Vertiv, GE, Eaton, Cummins, KOHLER, Briggs & Stratton, GENERAC, Socomec, Thomson Power Systems.
The change-over switches market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Change-over Switches Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Change-over Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Change-over Switches Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Change-over Switches Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Change-over Switches Market Size & Forecast, 2018-2028
4.5.1 Change-over Switches Market Size and Y-o-Y Growth
4.5.2 Change-over Switches Market Absolute $ Opportunity
Chapter 5 Global Change-over Switches Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Change-over Switches Market Size Forecast by Type
5.2.1 Automatic
5.2.2 Manual
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Change-over Switches Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Change-over Switches Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Change-over Switches Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Change-over Switches Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Change-over Switches Analysis and Forecast
9.1 Introduction
9.2 North America Change-over Switches Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Change-over Switches Market Size Forecast by Type
9.6.1 Automatic
9.6.2 Manual
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Change-over Switches Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Change-over Switches Analysis and Forecast
10.1 Introduction
10.2 Europe Change-over Switches Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Change-over Switches Market Size Forecast by Type
10.6.1 Automatic
10.6.2 Manual
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Change-over Switches Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Change-over Switches Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Change-over Switches Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Change-over Switches Market Size Forecast by Type
11.6.1 Automatic
11.6.2 Manual
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Change-over Switches Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Change-over Switches Analysis and Forecast
12.1 Introduction
12.2 Latin America Change-over Switches Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Change-over Switches Market Size Forecast by Type
12.6.1 Automatic
12.6.2 Manual
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Change-over Switches Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Change-over Switches Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Change-over Switches Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Change-over Switches Market Size Forecast by Type
13.6.1 Automatic
13.6.2 Manual
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Change-over Switches Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Change-over Switches Market: Competitive Dashboard
14.2 Global Change-over Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 ABB
14.3.3 Siemens
14.3.4 Vertiv
14.3.5 GE
14.3.6 Eaton
14.3.7 Cummins
14.3.8 KOHLER
14.3.9 Briggs & Stratton
14.3.10 GENERAC
14.3.11 Socomec
14.3.12 Thomson Power Systems
