Electrical Switch Market Share

Asia Pacific Market Forecast

Asia Pacific industry is poised to hold largest revenue share of 40% by 2037, backed by the easy availability of these switches at affordable prices in the Indian market has augmented their adoption in several applications such as in commercial and residential buildings, industries, hospitality, and others. The rapid explosion in the construction sector in India and China has boosted the growth of the electrical switch market. For instance, India had the most infrastructure development projects in development or in progress, totaling more than USD 26 million, as of May 2022.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of electrical switch is assessed at USD 18.13 billion.

The electrical switch market size was over USD 16.89 billion in 2024 and is anticipated to cross USD 53.03 billion by 2037, witnessing more than 9.2% CAGR during the forecast period i.e., between 2025-2037. Worldwide surge in urbanization, growth in electronics industry, and escalation in automotive industry will drive the market growth.

Asia Pacific industry is poised to hold largest revenue share of 40% by 2037, backed by easy availability of these switches at affordable prices in the Indian market has augmented their adoption in several applications such as in commercial and residential buildings, industries, hospitality, and others.

The major players in the market are Havells India Limited, Panasonic Holdings Corporation, ABB Limited, Salzer Electronics Limited, Schneider Electric SE, General Electric Company (GE), Opple Lighting Co., Ltd., Delixi Electric Ltd., Zhejiang Chint Electrics Co., Ltd, Simon S.A.U.

Electrical Switch Market Share