LAMEA Rocker Switch Market

LAMEA Rocker Switch Market Size, Share & Industry Trends Analysis Report By Switching Configuration (Double Break and Single Break), By Vertical (Automotive, Instrumentation, Aerospace, HVAC), By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-10369 Publication Date: July-2022 Number of Pages: 71
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Market Report Description

The Latin America, Middle East and Africa Rocker Switch Market would witness market growth of 7.5% CAGR during the forecast period (2022-2028).

This switch only activates when it is pushed; otherwise, it returns to its neutral position. On many various sorts of intermittent input devices, such as keypad controls and electric door and window systems, momentary rocker switches are widely utilized. A transfer switch, also known as a changeover rocker switch, is typically used to transfer voltage from one type of circuit to another. The functions of the mains grid and power supplies, which give the user a choice of one input source, are where these switches are most frequently utilized.

These switches can be automated or handled by hand. Some changeover switches function similarly to two circuit breakers operating simultaneously. Every rocker switch type typically has a central OFF setting. However, there are typically two ON positions for this switch on either side of the see-sawing mechanism. They could be referred to as on-off-on switches. Even though most of the time these switches are made for completely manual operation in all positions, this type of rocker switch is a momentary switch.

The automobile sector is rapidly growing throughout the region. The UAE would continue to be one of the GCC's most prosperous car markets because of factors like inexpensive gasoline, high per capita disposable income, low import tariffs, and a favorable tax structure. Additionally, the UAE offers appealing insurance and finance options, which make it much simpler for consumers to buy cars there. The sales of motorcycles, electric and hybrid vehicles, and luxury vehicles are all expected to grow significantly. Given the possibility of a rise in migration from adjacent nations with subpar public transit, buying a car would continue to be a top priority for new immigrants.

The Brazil market dominated the LAMEA Rocker Switch Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $133.8 million by 2028.The Argentina market is experiencing a CAGR of 8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.2% during (2022 - 2028).

Based on Switching Configuration, the market is segmented into Double Break and Single Break. Based on Vertical, the market is segmented into Automotive, Instrumentation, Aerospace, HVAC and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Rocker Switch Market is Predict to reach $8 Billion by 2028, at a CAGR of 4.2%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Carling Technologies, Inc. (Littelfuse, Inc.), Eaton Corporation PLC, Emerson Electric Co., Honeywell International, Inc., Leviton Manufacturing Co., Inc., NKK SWITCHES Co., Ltd., APEM (IDEC Corporation), Everel Group SpA, and E-Switch, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Switching Configuration

  • Double Break
  • Single Break

By Vertical

  • Automotive
  • Instrumentation
  • Aerospace
  • HVAC
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • ABB Group
  • Carling Technologies, Inc. (Littelfuse, Inc.)
  • Eaton Corporation PLC
  • Emerson Electric Co.
  • Honeywell International, Inc.
  • Leviton Manufacturing Co., Inc.
  • NKK SWITCHES Co., Ltd.
  • APEM (IDEC Corporation)
  • Everel Group SpA
  • E-Switch, Inc.
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