Electrical Switch Market Size

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. In the year 2025, the industry size of electrical switch is assessed at USD 18.13 billion. The growth of the market is primarily ascribed to the notable development of the electrical industry as well as rising consumer demand for energy-saving lighting systems. For instance, India's electronics manufacturing industry is estimated to be worth around USD 400 billion by the end of 2025.

Favorable government initiatives for saving electricity along with rising consumer demand for safety switches and energy-saving appliances are fueling up the demand for the electrical switch market over the forecast period.