Global Microswitch Market Projected to reach 700 Million US$ by 2025, at a CAGR of 2.2% -QY Research

Global Microswitch Market Report 2018 Overview:

This report presents the worldwide Microswitch market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

A microswitch, also trademarked and frequently known as miniature snap-action switch, is an electric switch that is actuated by very little physical force, through the use of a tipping-point mechanism, sometimes called an "over-centre" mechanism.

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Switching happens reliably at specific and repeatable positions of the actuator, which is not necessarily true of other mechanisms. They are very common due to their low cost and durability, greater than 1 million cycles and up to 10 million cycles for heavy duty models. This durability is a natural consequence of the design.

The defining feature of Microswitches is that a relatively small movement at the actuator button produces a relatively large movement at the electrical contacts, which occurs at high speed (regardless of the speed of actuation). Most successful designs also exhibit hysteresis, meaning that a small reversal of the actuator is insufficient to reverse the contacts; there must be a significant movement in the opposite direction. Both of these characteristics help to achieve a clean and reliable interruption to the switched circuit.

However, as the Microswitch market in developed countries is gradually getting boomed, the markets in developing countries such as China are estimated to grow at a higher rate Emerging market is estimated to grow faster than any other country. In China, there are about 100 Microswitch suppliers in the mainland. Pearl River Delta and Yangtze River Delta are important production bases, the majority of enterprises are located in Zhejiang and Guangdong provinces. From the point of view of production capacity, Wenzhou is China’s largest production base of micro-switch, followed by Shenzhen and Dongguan. As for the number of enterprises in Suzhou City, Jiangsu Province, more than half of the country’s enterprises are here. From the nature of the business, the majority of manufacturers are local companies, others are Taiwanese or Hong Kong enterprises.

Global Microswitch Market Statistics:

"The Japan region accounted for more than 38.50% of the total market share in terms of value in 2015, followed by the China and Europe regions."

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At present, there are twenty companies make up to 66.05 % share of the Microswitch market, and the world’s large enterprises are mainly concentrated in Japan. The top five manufacturers are Omron, Alps, Johnson Electric (Burgess), Panasonic and TROX respectively with global production market share as 7.50%, 6.14%, 5.76%, 5.19%, 5.00% and 4.20% in 2015.

The Microswitch market has been growing in accordance with the Manufacturing renaissance of the society. With the multiple demands of the clients, the manufacturers are concerning more on their R&D.

The Microswitch market still has a lot of opportunities with this huge market ahead. However, the enterprises have to develop new technologies to meet the client’s different needs. Also, they’d better have the ability to face the rat race of the market.

The Microswitch market was valued at 590 Million US$ in 2017 and is projected to reach 700 Million US$ by 2025, at a CAGR of 2.2% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Microswitch.

This report includes the following manufacturers; we can also add the other companies as you want.

  • Omron
  • Alps
  • Johnson Electric(Burgess)
  • Panasonic
  • TROX
  • Honeywell
  • SCI
  • C&K
  • Salecom
  • Camsco
  • Solteam
  • Tend
  • NTE
  • Kaihua
  • TTC
  • Tengfei
  • Xurui
  • Greetech

Market Segment by Product Type

  • Standard Type
  • Ultraminiature Type
  • Sub-miniature Type

Market Segment by Application

  • Electronic Equipment
  • Instrument
  • Power System
  • Appliances Equipment

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Key Regions split in this report:

  • North America – United States, Canada, Mexico.
  • Asia-Pacific – China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam.
  • Europe – Germany, France, UK, Italy, Russia.
  • Central & South America – Brazil, Rest of Central & South America.
  • Middle East & Africa.

The study objectives are:

  • To analyze and research the global Microswitch status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
  • To present the key Microswitch manufacturers, capacity, production, revenue, market share, and recent development.
  • To split the breakdown data by regions, type, manufacturers and applications.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends, drivers, influence factors in global and regions.
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Microswitch are as follows:

  • History Year: 2013-2018
  • Base Year: 2017
  • Estimated Year: 2018
  • Forecast Year 2018 to 2025

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