Market Overview:
The global stairway time switches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient solutions across different applications, such as industrial, commercial, and residential sectors. Additionally, the growing awareness about safety and security is also propelling the demand for stairway time switches globally. Based on type, the global stairway time switches market can be segmented into maximum operating time below 7 minutes, maximum operating time 7-12 minutes, and maximum operating time above 12 minutes. Among these segments, the maximum operating time below 7 minutes segment is expected to witness highest growth during the forecast period owing to its low installation cost and easy operation. Based on application, the global stairway timer switch market can be divided into industrial sector, commercial sector,, residential sector,, and others (such as educational institutions). Among these segments,,the industrial sector accounted for majority share in 2017 due to increasing adoption of energy-efficient technologies in factories and manufacturing plants..
Product Definition:
Stairway time switches are devices used to automatically turn lights on and off at pre-determined times. This is often done in order to save energy, as the lights will only be on when someone is using the stairs.
Maximum Operating Time Below 7 Minutes:
The maximum operating time below 7 minutes is a new emerging trend in the stairway time switches market. It has been observed that companies are focusing on reducing their operational costs by minimizing the total project cost. Minimizing project cost means to reduce material usage, labor hours, and other indirect costs such as electricity, rent paid to landlady etc.
Maximum Operating Time 7-12 Minutes:
The maximum operating time 7-12 minutes is used in stairway time switches market. It's a kind of short circuit breakers which are installed at the bottom of flights of stairs or lift to protect it from accidents and electric shocks. These devices have three terminals, normally closed contacts and an open terminal.
Application Insights:
The industrial application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. Rising demand for Stairway Time Switches in industries such as oil & gas, power, and healthcare is expected to drive the product demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, with a few variations in terms of product penetration. The U.S., being the most industrialized nation, has a well-established manufacturing sector and hence requires minimal maintenance activities on a regular basis.
Asia Pacific is estimated to be one of the fastest-growing regions during the forecast period owing to rapid industrialization and commercial construction activities across emerging economies such as China and India.
Growth Factors:
- Increasing demand for energy-efficient devices: The global market for stairway time switches is expected to grow at a CAGR of over 5% during the forecast period. This can be attributed to the increasing demand for energy-efficient devices across the world.
- Rising awareness about safety and security: There is a growing awareness among people about safety and security, which is driving the demand for stairway time switches globally.
- Growing popularity of smart homes: The popularity of smart homes is another key factor that is expected to drive the growth of this market in the coming years. Smart home automation systems are equipped with features such as motion sensors and timers, which make them ideal for use with stairway time switches.
- Technological advancements: Rapid advancements in technology are also contributing to the growth of this market worldwide. With each new innovation, manufacturers are able to come up with better products that cater to the needs of consumers effectively.
Scope Of The Report
Report Attributes
Report Details
Report Title
Stairway Time Switches Market Research Report
By Type
Maximum Operating Time Below 7 Minutes, Maximum Operating Time 7-12 Minutes, Maximum Operating Time Above 12 Minutes
By Application
Industrial, Commercial, Residential, Others
By Companies
Schneider, ABB, Eaton, Legrand, WEG ELECTRIC CORP, Hitachi Industrial Equipment Systems, Siemens, Fuji Electric, Altech Corp., Hager, Mitsubishi Electric, Hager Vertriebsgesellschaft mbH & Co. KG, OEZ, Gewiss, Doepke Schaltgeräte GmbH, Kanlux GmbH, ETI DE GmbH
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Stairway Time Switches Market Report Segments:
The global Stairway Time Switches market is segmented on the basis of:
Types
Maximum Operating Time Below 7 Minutes, Maximum Operating Time 7-12 Minutes, Maximum Operating Time Above 12 Minutes
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, 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
- ABB
- Eaton
- Legrand
- WEG ELECTRIC CORP
- Hitachi Industrial Equipment Systems
- Siemens
- Fuji Electric
- Altech Corp.
- Hager
- Mitsubishi Electric
- Hager Vertriebsgesellschaft mbH & Co. KG
- OEZ
- Gewiss
- Doepke Schaltgeräte GmbH
- Kanlux GmbH
- ETI DE GmbH
Highlights of The Stairway Time 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:
- Maximum Operating Time Below 7 Minutes
- Maximum Operating Time 7-12 Minutes
- Maximum Operating Time Above 12 Minutes
- By Application:
- Industrial
- Commercial
- Residential
- 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 Stairway Time 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.
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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?
Stairway time switches are a type of safety switch that is used to control access to stairs. They are typically installed at the top and bottom of staircases, and can be activated by someone who is ascending or descending the stairs. When activated, the switch will close off the staircase, preventing anyone from continuing down or up.
Some of the key players operating in the stairway time switches market are Schneider, ABB, Eaton, Legrand, WEG ELECTRIC CORP, Hitachi Industrial Equipment Systems, Siemens, Fuji Electric, Altech Corp., Hager, Mitsubishi Electric, Hager Vertriebsgesellschaft mbH & Co. KG, OEZ, Gewiss, Doepke Schaltgeräte GmbH, Kanlux GmbH, ETI DE GmbH.
The stairway time 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 Stairway Time 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 Stairway Time Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stairway Time 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 Stairway Time 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 Stairway Time Switches Market Size & Forecast, 2020-2028
4.5.1 Stairway Time Switches Market Size and Y-o-Y Growth
4.5.2 Stairway Time Switches 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 Maximum Operating Time Below 7 Minutes
5.2.2 Maximum Operating Time 7-12 Minutes
5.2.3 Maximum Operating Time Above 12 Minutes
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 Industrial
6.2.2 Commercial
6.2.3 Residential
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stairway Time 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 Stairway Time 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 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 Maximum Operating Time Below 7 Minutes
9.6.2 Maximum Operating Time 7-12 Minutes
9.6.3 Maximum Operating Time Above 12 Minutes
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 Industrial
9.10.2 Commercial
9.10.3 Residential
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 Maximum Operating Time Below 7 Minutes
10.6.2 Maximum Operating Time 7-12 Minutes
10.6.3 Maximum Operating Time Above 12 Minutes
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 Industrial
10.10.2 Commercial
10.10.3 Residential
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 Maximum Operating Time Below 7 Minutes
11.6.2 Maximum Operating Time 7-12 Minutes
11.6.3 Maximum Operating Time Above 12 Minutes
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 Industrial
11.10.2 Commercial
11.10.3 Residential
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 Maximum Operating Time Below 7 Minutes
12.6.2 Maximum Operating Time 7-12 Minutes
12.6.3 Maximum Operating Time Above 12 Minutes
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 Industrial
12.10.2 Commercial
12.10.3 Residential
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 Maximum Operating Time Below 7 Minutes
13.6.2 Maximum Operating Time 7-12 Minutes
13.6.3 Maximum Operating Time Above 12 Minutes
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 Industrial
13.10.2 Commercial
13.10.3 Residential
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 Stairway Time Switches Market: Competitive Dashboard
14.2 Global Stairway Time Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider
14.3.2 ABB
14.3.3 Eaton
14.3.4 Legrand
14.3.5 WEG ELECTRIC CORP
14.3.6 Hitachi Industrial Equipment Systems
14.3.7 Siemens
14.3.8 Fuji Electric
14.3.9 Altech Corp.
14.3.10 Hager
14.3.11 Mitsubishi Electric
14.3.12 Hager Vertriebsgesellschaft mbH & Co. KG
14.3.13 OEZ
14.3.14 Gewiss
14.3.15 Doepke Schaltgeräte GmbH
14.3.16 Kanlux GmbH
14.3.17 ETI DE GmbH
