Market Overview:
The global grab wire 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 grab wire switches from various applications, such as households, commercial establishments, and industrial plants. In addition, the growing awareness about safety and security is also propelling the demand for these switches across different regions.
Product Definition:
A grab wire switch is a type of electrical switch that uses a length of bare wire to make contact with another piece of metal. The bare wire is typically held in place by a spring or clip, and when the user grabs the wire it completes the circuit. This type of switch is often used in industrial applications where there is no other way to make contact with an object.
By Maximum Rope Span:
By maximum rope span, we mean the total length of wire between any two points on a structure. For example, if there is a main beam in your house and you want to know how long that particular piece of wire is, then it would be the maximum distance from the center of that main beam to any other point.
40m:
40m is a Grab wire switch which has a cross-over cable and can be used in both, public & private networks. It's mainly used for traffic control applications such as construction sites, highways and railways.
It has an advantage over traditional grab irons in that it can operate on any voltage supply between 0V and 1V; making it suitable to be used across network switches or even power lines.
Application Insights:
The household segment dominated the global grab wire switches market in 2017. The rising number of residential construction projects across various regions is expected to be a key factor driving the demand for these products. In addition, increasing penetration of smart devices and growing IT-enabled services are anticipated to further drive the demand for grab wire switches in households over the forecast period.
The commercial segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to an increase in construction activities pertaining hotels, restaurants and shopping malls along with other public buildings on account of growing tourism industry globally. Furthermore, growth in air passenger traffic coupled with rising awareness regarding energy conservation is expected fuel product demand from commercial applications over the forecast period.
Regional Analysis:
North America dominated the global grab wire switches market in 2017 owing to growing demand for automation and technological advancement. The U.S., being a developed economy, has more options when it comes to using automated systems over manual ones. Automation is expected to play an important role in increasing productivity, which will further drive the regional market growth over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions due to rising industrialization and commercial construction activities across emerging economies such as China and India. In addition, improving standard of living coupled with high disposable income will also contribute toward industry growth in this region during the same period.
Growth Factors:
- Increasing demand from the automotive industry for advanced wire switches
- Growing popularity of Grab switches in medical and industrial applications
- Rising demand for miniature Grab switches in consumer electronics products
- Increasing adoption of Grab technology in smart homes and buildings
- Proliferation of the Internet of Things (IoT) and connected devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Grab Wire Switches Market Research Report
By Type
By Maximum Rope Span, 40m, 80m, 100m, Other, Type II
By Application
Household, Commercial, Industrial
By Companies
ABB, Honeywell, Schneider Electric, Siemens, Telemecanique, Banner, Schmersal, Omron, Pilz, Craig & Derricott, Bernstein Safety, Allen Bradley
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Grab Wire Switches Market Report Segments:
The global Grab Wire Switches market is segmented on the basis of:
Types
By Maximum Rope Span, 40m, 80m, 100m, Other, Type II
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
Household, Commercial, Industrial
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:
- ABB
- Honeywell
- Schneider Electric
- Siemens
- Telemecanique
- Banner
- Schmersal
- Omron
- Pilz
- Craig & Derricott
- Bernstein Safety
- Allen Bradley
Highlights of The Grab Wire 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:
- By Maximum Rope Span
- 40m
- 80m
- 100m
- Other
- Type II
- By Application:
- Household
- Commercial
- Industrial
- 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 Grab Wire 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?
Grab wire switches are a type of electrical switch that is made up of a metal arm with two or more contacts, which can be pulled to open the circuit. They are often used in industrial applications where they need to be quickly and easily operated.
Some of the major players in the grab wire switches market are ABB, Honeywell, Schneider Electric, Siemens, Telemecanique, Banner, Schmersal, Omron, Pilz, Craig & Derricott, Bernstein Safety, Allen Bradley.
The grab wire switches market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Grab Wire Switches Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Grab Wire Switches Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Grab Wire Switches Market - Supply Chain
4.5. Global Grab Wire Switches Market Forecast
4.5.1. Grab Wire Switches Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Grab Wire Switches Market Size (000 Units) and Y-o-Y Growth
4.5.3. Grab Wire Switches Market Absolute $ Opportunity
5. Global Grab Wire Switches Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Grab Wire Switches Market Size and Volume Forecast by Type
5.3.1. By Maximum Rope Span
5.3.2. 40m
5.3.3. 80m
5.3.4. 100m
5.3.5. Other
5.3.6. Type II
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Grab Wire Switches Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Grab Wire Switches Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Grab Wire Switches Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Grab Wire Switches Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Grab Wire Switches Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Grab Wire Switches Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Grab Wire Switches Demand Share Forecast, 2019-2026
9. North America Grab Wire Switches Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Grab Wire Switches Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Grab Wire Switches Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Grab Wire Switches Market Size and Volume Forecast by Type
9.7.1. By Maximum Rope Span
9.7.2. 40m
9.7.3. 80m
9.7.4. 100m
9.7.5. Other
9.7.6. Type II
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Grab Wire Switches Demand Share Forecast, 2019-2026
10. Latin America Grab Wire Switches Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Grab Wire Switches Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Grab Wire Switches Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Grab Wire Switches Market Size and Volume Forecast by Type
10.7.1. By Maximum Rope Span
10.7.2. 40m
10.7.3. 80m
10.7.4. 100m
10.7.5. Other
10.7.6. Type II
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Grab Wire Switches Demand Share Forecast, 2019-2026
11. Europe Grab Wire Switches Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Grab Wire Switches Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Grab Wire Switches Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Grab Wire Switches Market Size and Volume Forecast by Type
11.7.1. By Maximum Rope Span
11.7.2. 40m
11.7.3. 80m
11.7.4. 100m
11.7.5. Other
11.7.6. Type II
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Grab Wire Switches Demand Share, 2019-2026
12. Asia Pacific Grab Wire Switches Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Grab Wire Switches Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Grab Wire Switches Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Grab Wire Switches Market Size and Volume Forecast by Type
12.7.1. By Maximum Rope Span
12.7.2. 40m
12.7.3. 80m
12.7.4. 100m
12.7.5. Other
12.7.6. Type II
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Grab Wire Switches Demand Share, 2019-2026
13. Middle East & Africa Grab Wire Switches Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Grab Wire Switches Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Grab Wire Switches Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Grab Wire Switches Market Size and Volume Forecast by Type
13.7.1. By Maximum Rope Span
13.7.2. 40m
13.7.3. 80m
13.7.4. 100m
13.7.5. Other
13.7.6. Type II
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Grab Wire Switches Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Grab Wire Switches Market: Market Share Analysis
14.2. Grab Wire Switches Distributors and Customers
14.3. Grab Wire Switches Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Honeywell
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schneider Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Telemecanique
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Banner
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Schmersal
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Omron
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pilz
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Craig & Derricott
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bernstein Safety
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Allen Bradley
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
