United Kingdom (UK) Electric Switches Market (2020-2026) | Trends, Industry, Segmentation, Share, Analysis, Growth, Size, 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: ETC018389 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 United Kingdom (UK) Electric Switches Market

United Kingdom (UK) 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 United Kingdom (UK) Electric Switches Market

United Kingdom (UK) Electric Switches Market has been securing a tremendous growth in the country underpinned by some ongoing latest trends and opportunities. One of the ongoing trends is the rising adoption of smart electric switches by the customers to attain greater flexibility and convenience. Additionally, growing adoption of wireless switches are being adopted in smart homes, which allow users to customize settings as per their preferences is one of the notable trend estimated to boost the market expansion. Moreover, manufacturers are focusing on manufacturing eco-friendly electric switches to reduce carbon emission rate, this is one of the factors leaving a positive impact on the product demand and simultaneously surging the growth of the United Kingdom (UK) Electric Switches industry.

United Kingdom (UK) Electric Switches Market Synopsis

United Kingdom (UK) Electric Switches Market is estimated to register a sound growth in the country backed by a rise in the installation of smart electric switches into commercial, residential and industrial sectors. Additionally, people are becoming aware about the environment issues which have increased the eco-friendly electric switches demand and this factor is acting as the great opportunity for the market expansion. Moreover, a rise in the retrofitting of smart switches with traditional switches to avail their benefits like remote controlling.

According to 6Wresearch, the United Kingdom (UK) Electric Switches Market size is projected to secure a substantial growth during 2020-2026. The market has been growing in the country with the rising replacement practice of electrical systems with an existing one, which have accelerated the smart electric switches demand. Furthermore, wireless electric switches are becoming more popular due to their benefits, offering greater flexibility and convenience over traditional switches. On the other side, market is facing some constraints like high competition and high retrofitting cost impeding he market growth. In response to these challenges, market has been experiencing various growth proliferating factors such as rising customer demand for modern and technology enabled switches to operate it remotely with more convenience. Also, the voice activated and the switches that can be controlled through mobile apps adoption rate is leaving a favourable impact on the United Kingdom (UK) Electric Switches Market growth.

COVID-19 Impact on the United Kingdom (UK) Electric Switches Market

The COVID -19 had left an adverse impact on the United Kingdom (UK) Electric Switches Market which is a part of the Europe electric switches market. The pandemic caused many restrictions in the country to cease the virus prevalence such as social distancing, trade restrictions, led to decrease the supply and demand of the electric switches and this further had affected the market growth.

Key players in the United Kingdom (UK) Electric Switches Market

Some prominent players operating in the country are mentioned below:

  • Schneider Electric is a leading player dealing all across the world, and has a great presence in the country, offering energy management and automation solutions.

    Legrand is another leading player in the country who provides an extensive energy management solution systems.

    Siemens AG has a significant presence in the country, offering advanced range of energy management systems at a competitive price.
  • Honeywell International Inc. is a well known company, providing too notch range of automation solution including, BEMS.
  • ABB Ltd., Eaton Corporation is one of the well renowned players in the country, who provides basic to advanced range of energy management systems.

Market Analysis by Type

According to Dhaval, Research Manager, 6WResearch, the smart switches segment is experiencing a high demand underpinned by the rising smart home technologies adoption by the customers. In addition to this, customer are seeking for modern and smart switches ranges to ensure convenience.

Market Analysis by End Users

Based on the end users, the rising infrastructure development of the commercial and residential sectors leading to driving the electrical systems installation demand and subsequently electric switches demand.

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:

  • United Kingdom (UK) Electric Switches Market Outlook
  • Market Size of United Kingdom (UK) Electric Switches Market, 2019
  • Forecast of United Kingdom (UK) Electric Switches Market, 2026
  • Historical Data and Forecast of United Kingdom (UK) Electric Switches Revenues & Volume for the Period 2016 - 2026
  • United Kingdom (UK) Electric Switches Market Trend Evolution
  • United Kingdom (UK) Electric Switches Market Drivers and Challenges
  • United Kingdom (UK) Electric Switches Price Trends
  • United Kingdom (UK) Electric Switches Porter's Five Forces
  • United Kingdom (UK) Electric Switches Industry Life Cycle
  • Historical Data and Forecast of United Kingdom (UK) Electric Switches Market Revenues & Volume By Type for the Period 2016 - 2026
  • Historical Data and Forecast of United Kingdom (UK) Electric Switches Market Revenues & Volume By Traditional electrical switch for the Period 2016 - 2026
  • Historical Data and Forecast of United Kingdom (UK) Electric Switches Market Revenues & Volume By Smart electrical switch? for the Period 2016 - 2026
  • Historical Data and Forecast of United Kingdom (UK) Electric Switches Market Revenues & Volume By End-Users for the Period 2016 - 2026
  • Historical Data and Forecast of United Kingdom (UK) Electric Switches Market Revenues & Volume By Commercial for the Period 2016 - 2026
  • Historical Data and Forecast of United Kingdom (UK) Electric Switches Market Revenues & Volume By Residential for the Period 2016 - 2026
  • Historical Data and Forecast of United Kingdom (UK) Electric Switches Market Revenues & Volume By Other for the Period 2016 - 2026
  • United Kingdom (UK) Electric Switches Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By End-Users
  • United Kingdom (UK) Electric Switches Top Companies Market Share
  • United Kingdom (UK) Electric Switches Competitive Benchmarking By Technical and Operational Parameters
  • United Kingdom (UK) Electric Switches Company Profiles
  • United Kingdom (UK) 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
United Kingdom (UK) Electric Switches Market: FAQs
Rising retrofitting of existing electrical systems, rising demand for eco-friendly switches, and rising demand for smart switches across the growing sectors including, commercial and residential.
The smart switches segment is gaining momentum in the United Kingdom (UK) Electric Switches Market due to the rising customers demand for modern and convenient switches.
The pandemic imposed several preventive measure such as travel restrictions and closure of stores led to decline the product demand and affect the market growth.
The rising adoption rate due to smart city initiatives and the rise in the energy efficient electric switches demand by the end sectors.
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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 United Kingdom (UK) Electric Switches Market Overview

3.1 United Kingdom (UK) Country Macro Economic Indicators

3.2 United Kingdom (UK) Electric Switches Market Revenues & Volume, 2019 & 2026F

3.3 United Kingdom (UK) Electric Switches Market - Industry Life Cycle

3.4 United Kingdom (UK) Electric Switches Market - Porter's Five Forces

3.5 United Kingdom (UK) Electric Switches Market Revenues & Volume Share, By Type, 2019 & 2026F

3.6 United Kingdom (UK) Electric Switches Market Revenues & Volume Share, By End-Users, 2019 & 2026F

4 United Kingdom (UK) Electric Switches Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 United Kingdom (UK) Electric Switches Market Trends

6 United Kingdom (UK) Electric Switches Market, By Types

6.1 United Kingdom (UK) Electric Switches Market, By Type

6.1.1 Overview and Analysis

6.1.2 United Kingdom (UK) Electric Switches Market Revenues & Volume, By Type, 2016 - 2026F

6.1.3 United Kingdom (UK) Electric Switches Market Revenues & Volume, By Traditional electrical switch, 2016 - 2026F

6.1.4 United Kingdom (UK) Electric Switches Market Revenues & Volume, By Smart electrical switch?, 2016 - 2026F

6.2 United Kingdom (UK) Electric Switches Market, By End-Users

6.2.1 Overview and Analysis

6.2.2 United Kingdom (UK) Electric Switches Market Revenues & Volume, By Commercial, 2016 - 2026F

6.2.3 United Kingdom (UK) Electric Switches Market Revenues & Volume, By Residential, 2016 - 2026F

6.2.4 United Kingdom (UK) Electric Switches Market Revenues & Volume, By Other, 2016 - 2026F

7 United Kingdom (UK) Electric Switches Market Import-Export Trade Statistics

7.1 United Kingdom (UK) Electric Switches Market Export to Major Countries

7.2 United Kingdom (UK) Electric Switches Market Imports from Major Countries

8 United Kingdom (UK) Electric Switches Market Key Performance Indicators

9 United Kingdom (UK) Electric Switches Market - Opportunity Assessment

9.1 United Kingdom (UK) Electric Switches Market Opportunity Assessment, By Type, 2019 & 2026F

9.2 United Kingdom (UK) Electric Switches Market Opportunity Assessment, By End-Users, 2019 & 2026F

10 United Kingdom (UK) Electric Switches Market - Competitive Landscape

10.1 United Kingdom (UK) Electric Switches Market Revenue Share, By Companies, 2019

10.2 United Kingdom (UK) Electric Switches Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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