The Rocker Switch Global Market Report 2023, provides comprehensive information on the rocker switch market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global rocker switch market size is expected to grow from $7.13 billion in 2022 to $7.43 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rocker switch market size is expected to grow to $8.60 billion in 2027 at a CAGR of 3.7%.
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Major companies operating in the rocker switch market are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2022, Lutron Electronics Company, a US-based electrical manufacturing company, launched its newly designed rocker and dimmer switches called the Wemo Dimmer Switch. The new rocker switch has a slider control on the side for dimming functions and doesn’t require a neutral wire. Installations with a conventional, non-smart switch can be employed in three-way configurations.
The rocker switch market is segmented:
1) By Type: Single-Pole Rocker Switch, Multi-Pole Rocker Switch
2) By Installation Type: Panel Installation, Chip Installation, Embedded, Other Installation Types
3) Application: Automotive (Commercial Vehicles and Passenger Vehicles), Aerospace, Heating, Ventilation, and Air conditioning (HVAC), Instrumentation, Printers, Vending Machines, Other Applications
Asia-Pacific was the largest region in the rocker switch market in 2022.
The table of contents in TBRC’s rocker switch market report includes:
1. Executive Summary
2. Rocker Switch Market Characteristics
3. Rocker Switch Market Trends And Strategies
4. Rocker Switch Market – Macro Economic Scenario
5. Rocker Switch Market Size And Growth
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26. Africa Rocker Switch Market
27. Rocker Switch Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rocker Switch Market29. Rocker Switch Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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