Global Electromechanical Switch Market

 

Global Electromechanical Switch market was valued at USD 4.15 Billion in 2021, and it is expected to reach a value of USD 5.17 Billion by 2028, at a CAGR of more than 3.20% over the forecast period (2022- 2028).

Electromechanical switches possess both electrical and mechanical properties. They react to current, high voltage, reverse power flow, and frequency. These are quick-acting switches that can be reset quickly and can also simplify the machine setup. The market's growth is attributed to its wide range of applications such as military, aerospace, automotive, and white goods among many others. Increasing automation in industries such as automotive, aerospace, and healthcare further catalyzes market growth. Low cost and simple design are some other growth-supporting factors of the electromechanical switch market.

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Top Player's Company Profiles

    • Panasonic (Japan)
    • Electroswitch Corp. (US)
    • TE Connectivity (Switzerland)
    • OTTO (US)
    • Carling Technologies (Turkey)
    • Havells (India)
    • NKK Switches (Canada)

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Recent Developments

  • In May 2022, Menlo Microsystems unveiled its Ideal Switch recently and it also raised $150 million. It is power its functions with less than a milliwatt and switch at speeds in the billions of operations a second.
  • In May 2022, the new KSC Extra Durable (KSC TE) switch from C&K, a maker of high-reliability electromechanical switches, is a revolution in C&K's tact switch range. The new member simplifies the design process by having a long life in relation to its size and force range.

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