Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Rocker Switch Market size is expected to reach $8 billion by 2028, rising at a market growth of 4.2% CAGR during the forecast period.
The Single Break segment is showcasing a CAGR of 6% during (2022 - 2028). In single break designs, a single rotational path is used by the mechanism to control the position of one adjustable contact arm and the contact at its end. Manufacturers of rocker switches adhere to the EIA-520D000 and MIL-S-22885/92 requirements. A double break switch can operate two distinct circuits, either separately or jointly through one or two ON positions.
The Automotive segment is leading the Global Rocker Switch Market by Vertical in 2021, thereby, achieving a market value of $2.9 billion by 2028. It is because they provide a simple and practical method for managing a range of electrical processes. They can be used to control fans, pumps, and other devices in addition to lighting, which is their most typical function. Rocker switches are available in a variety of sizes, styles, and colors to meet industry standards. Rocker switches have several mechanical uses in the automotive, industrial, and manufacturing industries.
The Asia Pacific market dominated the Global Rocker Switch Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.9 billion by 2028.The North America market is exhibiting a CAGR of 3.8% during (2022 - 2028). Additionally, The Europe market would showcase a CAGR of 3.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/rocker-switch-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Switching Configuration
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