Market Overview:
The global electromagnet switch 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 consumer electronics and automotive applications, and the growing demand for electromagnet switches in aerospace applications. Some of the major players operating in this market are TE Connectivity (Switzerland), Honeywell (US), Johnson Electric (Hong Kong), Panasonic Corporation (Japan), and Nidec Corporation (Japan).
Product Definition:
An electromagnetic switch is a switch that is activated or controlled by an electric current. Electromagnetic switches are used in a variety of applications, including automotive and industrial controls, telecommunications, and medical devices.
Attracted Armature:
Attracted Armature (AA) is a type of electromagnetic switch used in electric motors. It consists of an armature coil and a magnet which attracts or repelled by the presence or absence of current in the windings. The AA is widely used as switching device for power plants, it's application area extends from industrial to household appliances.
The growth factor responsible for attracting/repelling movement in AA is referred to as poles/zones.
Induction Disc:
Induction disc is a device that generates an electromagnetic field. It is used in electromagnets to make and break the electrical connection between two coils, which creates and breaks the magnetic field. The product has wide applications in electric motors, relays, solenoids, transmitters & receivers of wireless communication systems as well as for computer hard disk drives.
The global induction switch market size was valued at USD 2.5 billion in 2015.
Application Insights:
The consumer electronics segment accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. This can be attributed to increasing demand for smart devices, which require low power consumption and compact design. Furthermore, rising demand for wearable technologies such as fitness bands and smartwatches is expected to propel industry growth over the coming years. In addition, growing usage of these products in household applications including lighting control systems is projected to drive product demand further.
The automotive sector accounted for a significant revenue share owing to increasing adoption of electromechanical switches by various automakers including Ford Motor Company, General Motors Company, Mercedes-Benz USA LLC., Porsche Design Group America Inc.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to high product demand from various end-use industries, such as consumer electronics and automotive. In addition, growing adoption of smart grid technology is also expected to drive regional growth over the next eight years.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to increasing government initiatives for promoting renewable energy sources across countries such as China and India. For instance, in September 2016, Electromagnetic Switches Ltd., a subsidiary of Hong Kong Electronics Technology Co., Ltd was established in Shanghai with an aim toward catering to domestic demand from China’s power industry at a later stage by leveraging on its local presence with international expertise coupled with advanced manufacturing capabilities and extensive distribution network worldwide (See Figure 1).
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Growing popularity of wireless communication technologies
- Proliferation of the Internet of Things (IoT) and connected devices
- Rising demand for energy-efficient and green electronics products
- Emergence of new applications areas for electromagnetic switches
Scope Of The Report
Report Attributes
Report Details
Report Title
Electromagnetic Switch Market Research Report
By Type
Attracted Armature, Induction Disc, Induction Cup, Balanced Beam, Moving Coil, Polarized Moving Iron
By Application
Consumer Electronics, Automotive, Aerospace, Others
By Companies
Schneider, Siemens, Relpol, Panasonic, Omron, TE Connectivity Ltd., Eaton Corporation, Hitachi, ABB, General Electric
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Electromagnetic Switch Market Report Segments:
The global Electromagnetic Switch market is segmented on the basis of:
Types
Attracted Armature, Induction Disc, Induction Cup, Balanced Beam, Moving Coil, Polarized Moving Iron
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
Consumer Electronics, Automotive, Aerospace, Others
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
- Siemens
- Relpol
- Panasonic
- Omron
- TE Connectivity Ltd.
- Eaton Corporation
- Hitachi
- ABB
- General Electric
Highlights of The Electromagnetic Switch 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:
- Attracted Armature
- Induction Disc
- Induction Cup
- Balanced Beam
- Moving Coil
- Polarized Moving Iron
- By Application:
- Consumer Electronics
- Automotive
- Aerospace
- Others
- 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 Electromagnetic Switch 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?
An electromagnetic switch is a device that can be turned on and off by an electric current.
Some of the major players in the electromagnetic switch market are Schneider, Siemens, Relpol, Panasonic, Omron, TE Connectivity Ltd., Eaton Corporation, Hitachi, ABB, General Electric.
The electromagnetic switch 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 Electromagnetic Switch 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 Electromagnetic Switch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electromagnetic Switch 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 Electromagnetic Switch 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 Electromagnetic Switch Market Size & Forecast, 2020-2028
4.5.1 Electromagnetic Switch Market Size and Y-o-Y Growth
4.5.2 Electromagnetic Switch Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Attracted Armature
5.2.2 Induction Disc
5.2.3 Induction Cup
5.2.4 Balanced Beam
5.2.5 Moving Coil
5.2.6 Polarized Moving Iron
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Automotive
6.2.3 Aerospace
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electromagnetic Switch 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 Electromagnetic Switch 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Attracted Armature
9.6.2 Induction Disc
9.6.3 Induction Cup
9.6.4 Balanced Beam
9.6.5 Moving Coil
9.6.6 Polarized Moving Iron
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 Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Automotive
9.10.3 Aerospace
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Attracted Armature
10.6.2 Induction Disc
10.6.3 Induction Cup
10.6.4 Balanced Beam
10.6.5 Moving Coil
10.6.6 Polarized Moving Iron
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 Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Automotive
10.10.3 Aerospace
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Attracted Armature
11.6.2 Induction Disc
11.6.3 Induction Cup
11.6.4 Balanced Beam
11.6.5 Moving Coil
11.6.6 Polarized Moving Iron
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 Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Automotive
11.10.3 Aerospace
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Attracted Armature
12.6.2 Induction Disc
12.6.3 Induction Cup
12.6.4 Balanced Beam
12.6.5 Moving Coil
12.6.6 Polarized Moving Iron
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 Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Automotive
12.10.3 Aerospace
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Attracted Armature
13.6.2 Induction Disc
13.6.3 Induction Cup
13.6.4 Balanced Beam
13.6.5 Moving Coil
13.6.6 Polarized Moving Iron
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) Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Automotive
13.10.3 Aerospace
13.10.4 Others
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 Electromagnetic Switch Market: Competitive Dashboard
14.2 Global Electromagnetic Switch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider
14.3.2 Siemens
14.3.3 Relpol
14.3.4 Panasonic
14.3.5 Omron
14.3.6 TE Connectivity Ltd.
14.3.7 Eaton Corporation
14.3.8 Hitachi
14.3.9 ABB
14.3.10 General Electric
