China Electric Switches Market (2020-2026) | Size, Trends, Analysis, Growth, Industry, Segmentation, Share, Revenue, Value, Outlook & COVID-19 IMPACT

Market Forecast By Type (Traditional electrical switch, Smart electrical switch ), By End-Users (Commercial, Residential, Other) And Competitive Landscape

Product Code: ETC018401 Publication Date: Oct 2020 Updated Date: Jun 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Topics Covered in the China Electric Switches Market

China Electric Switches Market report thoroughly covers the market by type and by end users. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest (2023) Development of the China Electric Switches Market

China Electric Switches Market is witnessing considerable growth in the country with some ongoing developments in the market. One of the leading trends in the market is the rising replacement of smart switches with traditional switches to enhance functionality.  Additionally, an increased advent of automation technologies has stimulated the population to adopt smart home technologies, inducing smart electric switches. Another prominent development in the China Electric Switches industry is the rising companies' investment to introduce an advanced range of electric switches by incorporating some smart features such as voice activation and touchless. These smart technologies facilitate greater accessibility and convenience to customers. All these aforementioned factors are estimated to be great opportunities for substantial market growth. 

China Electric Switches Market Synopsis

China Electric Switches Market is estimated to gain traction in the coming years underpinned by various growth proliferating factors such as increasing disposable income, increasing population growth and urbanization, and increasing need for eco-friendly electric switches. Furthermore, the government has set several regulations specifying the use of energy-efficient electrical appliances to contribute towards better environmental practices. In addition to this, high electricity cost has prompted the population to switch towards the use of energy-saving switches.

According to 6Wresearch, the China Electric Switches Market size is projected to witness sound growth during 2020-2026.  The market is driven by the rising construction activities of houses and commercial places, which drives the electricity demand and simultaneously electric switches. Wireless technology has been gaining massive traction in the country as being convenient to install and contributing towards smart technology’s part. This factor is leaving a favorable impact on the product demand by burgeoning sales and contributing favorably to the China Electric Switches Market growth. On the other side, high installation costs, massive competition, and lack of awareness about lead to the low adoption rate of smart switches, these are some challenges that can hinder the market growth. However, the market still has a huge potential to secure growth, with the rising retrofitting across various sectors, including, commercial, residential, and industrial, and the rising energy efficient switches demand.

COVID-19 Impact on the China Electric Switches Market

COVID-19 had a profound impact on the China Electric Switches Market which is a part of the Asia Pacific electric switches market. The pandemic resulted in the closure of many businesses and ceased industrial and commercial activities, which further resulted in a major drop in market shares. Also, the economic downfall was one of the major causes of decline the in electric switches purchase, as a result, a slowdown of the Electric Switches Market growth in the country at a tremendous rate.

Key Players in the China Electric Switches Market

Some are the major players mentioned below in the list, who have been developing an advanced range of electric switches to offer greater flexibility.

  • Schneider Electric India Pvt. Ltd.
  • Philips Electronics India Ltd.
  • Wipro Lighting
  • Honeywell Electrical Devices
  • Siemens Ltd.
  • ABB India Ltd.

These are top players shaping the market by offering a spectrum range of electric switches integrated with smart features.

Market Analysis by Type

According to Ravi Bhandari, Research Head, 6WResearch, the smart switches segment is witnessing dominating the China Electric Switches Market share in the country, followed by the rising retrofitting and increasing spending on smart technologies.

Market Analysis by End Users

Based on the end users, both the commercial and residential sectors are experiencing product installations with the rising expansion, due to the rising population growth and rapid urbanization.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2016 to 2019.
  • Base Year: 2019.
  • Forecast Data until 2026.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • China Electric Switches Market Outlook
  • Market Size of China Electric Switches Market, 2019
  • Forecast of China Electric Switches Market, 2026
  • Historical Data and Forecast of China Electric Switches Revenues & Volume for the Period 2016 - 2026
  • China Electric Switches Market Trend Evolution
  • China Electric Switches Market Drivers and Challenges
  • China Electric Switches Price Trends
  • China Electric Switches Porter's Five Forces
  • China Electric Switches Industry Life Cycle
  • Historical Data and Forecast of China Electric Switches Market Revenues & Volume By Type for the Period 2016 - 2026
  • Historical Data and Forecast of China Electric Switches Market Revenues & Volume By Traditional electrical switch for the Period 2016 - 2026
  • Historical Data and Forecast of China Electric Switches Market Revenues & Volume By Smart electrical switch? for the Period 2016 - 2026
  • Historical Data and Forecast of China Electric Switches Market Revenues & Volume By End-Users for the Period 2016 - 2026
  • Historical Data and Forecast of China Electric Switches Market Revenues & Volume By Commercial for the Period 2016 - 2026
  • Historical Data and Forecast of China Electric Switches Market Revenues & Volume By Residential for the Period 2016 - 2026
  • Historical Data and Forecast of China Electric Switches Market Revenues & Volume By Other for the Period 2016 - 2026
  • China Electric Switches Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By End-Users
  • China Electric Switches Top Companies Market Share
  • China Electric Switches Competitive Benchmarking By Technical and Operational Parameters
  • China Electric Switches Company Profiles
  • China Electric Switches Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

  • Traditional Electrical Switch
  • Smart Electrical Switch

By End-Users

  • Commercial
  • Residential
  • Other
China Electric Switches Market: FAQs
Rising rapid urbanization, increasing income levels, and rising energy-efficient electric switches demand. These are some drivers of the China electric Switches Market growth.
Smart electrical switches are leading in the market, driven by the rising adoption of smart home technologies, and the increasing installation of smart switches in several end sectors.
Siemens AG, ABB Ltd., Honeywell International Inc., Eaton Corporation plc, Wipro Limited, and Havells India Ltd. are some prominent key players in the China electric Switches Market.
The rising integration of smart technologies into switches, a rise in the installation of sustainable switches, and an increasing need to save energy. These are some trends & opportunities propelling the China electric Switches Market growth.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 China Electric Switches Market Overview
3.1 China Electric Switches Market Revenues & Volume, 2016 - 2026F
3.2 China Electric Switches Market - Industry Life Cycle
3.3 China Electric Switches Market - Porter's Five Forces
3.4 China Electric Switches Market Revenues & Volume Share, By Type, 2019 & 2026F
3.5 China Electric Switches Market Revenues & Volume Share, By End-Users, 2019 & 2026F
4 China Electric Switches Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 China Electric Switches Market Trends
6 China Electric Switches Market Segmentation 
6.1 China Electric Switches Market, By Type
6.1.1 Overview and Analysis
6.1.2 China Electric Switches Market Revenues & Volume, By Type, 2016 - 2026F
6.1.3 China Electric Switches Market Revenues & Volume, By Traditional electrical switch, 2016 - 2026F
6.1.4 China Electric Switches Market Revenues & Volume, By Smart electrical switch, 2016 - 2026F
6.2 China Electric Switches Market, By End-Users
6.2.1 Overview and Analysis
6.2.2 China Electric Switches Market Revenues & Volume, By Commercial, 2016 - 2026F
6.2.3 China Electric Switches Market Revenues & Volume, By Residential, 2016 - 2026F
6.2.4 China Electric Switches Market Revenues & Volume, By Other, 2016 - 2026F
7 China Electric Switches Market Import-Export Trade Statistics
7.1 China Electric Switches Market Export to Major Countries
7.2 China Electric Switches Market Imports from Major Countries
8 China Electric Switches Market Key Performance Indicators
9 China Electric Switches Market - Opportunity Assessment
9.1 China Electric Switches Market Opportunity Assessment, By Type, 2019 & 2026F
9.2 China Electric Switches Market Opportunity Assessment, By End-Users, 2019 & 2026F
10 China Electric Switches Market - Competitive Landscape
10.1 China Electric Switches Market Revenue Share, By Companies, 2019
10.2 China Electric Switches Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles
12 Recommendations
13 Disclaimer
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