Micro switches,
alternatively known as miniature snap-action switches are electrical
switches that are triggered by very small intensity of physical
force, either by human or by physical object at the actuator. The
working principal of micro switches is primarily based on tapping
point mechanism. A small movement in the actuator buttons of micro
switches produces a larger movement at the electric contact. These
switches are primarily employed as safety devices owing to its
reliability and inexpensive nature and are extensively used across
various devices in order to open or close the electric circuit at a
rapid speed.
In order to provide
in depth analysis of the global micro switches market, the market can
be segmented on the basis of type, application and geography. Based
on type, the market of micro switch can be bifurcated into general
purpose micro switches, single pole standard precision micro
switches, subminiature micro switches, reset switches, door interlock
switches and others. Subminiature sealed snap-acting switches,
subminiature snap-acting switches and SPDT basic micro switches are
included within the others segment. On the other hand, micro switches
finds it application across various automotive, consumer devices,
door interlocks and industrial equipment among others. Again, by
geography, the market of micro switches can be classified into North
America, Europe, Asia Pacific, Middle East and Africa and Latin
America.
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Increasing demand
for devices that are lighter and smaller in size and having greater
efficiency is the primary factor predicted to boost the demand of
micro switches at an exponential rate during the forecast period from
2016 to 2024. Thus, the OEMS (Original Equipment Manufacturers) are
inclining toward miniaturization of switches in order to meet the
ever-changing demand of customers for their increased functionality
of devices at marginally increased or same price. Moreover, rapidly
growing urbanization coupled with increasing number of elderly
population across the globe is anticipated to trigger the
installation and modernization of elevators and security system
across various industrial and residential sectors. This in turn is
also predicted to accelerate the demand of micros switches in the
coming years. In addition, rising demand for micro grid system from
different industrial, military, residential and commercial vertical
is also predicted to augment the demand of different categories of
micro switched during the forecast period.
However, design
complexity coupled with lack of proper training in term of usage is
one of the major factor predicted to deter the demand of micro
switches and in turn anticipated to affect the market negatively. In
addition, false triggering of consumer devices is another important
factor predicted to limit the usage of micro switches in the coming
years.
By product type,
micro switches market is majorly driven by the consumer device
segment during the forecast period from 2016 to 2024. Rising
disposable income coupled with increasing consumer’s spending on
portable, sophisticated and technologically advanced consumer
electronic devices in the primary factor anticipated to increase the
demand of micro switches across the globe. In addition, rapid
advancement and development of portable medical devices in turn is
also predicted to accelerate the demand of micro switches at an
exponential rate in the coming years.
Geographically,
North America held the largest market share in the micro switch
market in terms of revenue in 2015. However, Asia Pacific region is
predicted to witness the fastest growing market during the forecast
period from 2016 to 2024. Rapid expansion of production facility in
this region owing to huge capital investment by different
manufacturers in this emerging technology coupled with increasing use
of micro switches across various application segments is the primary
factor responsible from the growing demand of micro switches in Asia
Pacific region.
Some of the major
players operating in the micro switches market are Altech Corporation
(U.S), C & K Components (U.K), E-Switch (U.S.A) and Panasonic
Electronic (Japan) among others.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
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