Global Electrical Switches Market to Reach USD 6.7 Bn through 2022, Predicts BCC Research in Its Latest Study Published at MarketPublishers.com08 Sep 2017 • by Natalie Aster
LONDON – In the current year, the world’s market for electromechanical switches is valued at USD 10.4 billion. It is predicted to amount to USD 15.6 billion through 2022, growing at a healthy CAGR of 8.4% in the coming years.
The other electrical switch market is likely to climb to USD 6.7 billion in 2022, demonstrating an increase at an 8% CAGR in the years ahead. This year, the value of this market stands at appr. USD 4.5 billion.
At present, the industrial automation/process control sector of the electromechanical switch market is anticipated to increase from USD 1.1 billion in the current year to reach USD 1.8 in 2022, posting a CAGR of 9.8% in the coming years.
Insightful research report “Electrical Switches: Technologies and Global Markets” prepared by BCC Research offers a profound overview of the current situation in the global market for electrical switches, covers the historical background and gives a future outlook through 2022. This research report delves deep into the market segmentation on the basis of storage types, end-users, applications and regions. This report is a trustworthy source of relevant information on the recent industry developments, industry structure and market dynamics with details on the main market growth drivers and restraints. Besides, the report discusses top market trends and points out future growth challenges and opportunities. Future forecasts for the electrical switches market development up till 2022 are at hand in the report. Additionally, the competitive environment is featured in this report and comprehensive profiles of top companies that are active in the marketplace are included.
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