World - Isolating Switches & Make-And-Break Switches - Market Analysis, Forecast, Size, Trends And Insights
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The article analyzes the global isolating switch and make-and-break switch market from 2012 to 2022, with forecasts up to 2030. It covers consumption trends, market performance, production, imports, and exports. Key highlights include an expected CAGR of +3.8% in consumption volume and +6.5% in market value from 2022 to 2030. Top consuming countries in 2022 were Slovakia, China, and Nigeria, while China led in production and exports. Nigeria showed the highest growth rate in imports. Price trends varied by country, with Switzerland having the highest export prices. Overall, the article provides comprehensive insights into the isolating switch and make-and-break switch market.
Market Forecast
Driven by increasing demand for isolating switches & make-and-break switches worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.8% for the period from 2022 to 2030, which is projected to bring the market volume to 298M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.5% for the period from 2022 to 2030, which is projected to bring the market value to $10.5B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Isolating Switches & Make-And-Break Switches
After ten years of growth, consumption of isolating switches & make-and-break switches decreased by -18.3% to 221M units in 2022. In general, consumption, however, saw buoyant growth. As a result, consumption attained the peak volume of 270M units, and then dropped remarkably in the following year.
The global isolating switch market value fell rapidly to $6.3B in 2022, declining by -16.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +90.6% against 2012 indices. As a result, consumption reached the peak level of $7.5B, and then fell significantly in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Slovakia (36M units), China (25M units) and Nigeria (25M units), together accounting for 39% of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Slovakia (with a CAGR of +65.6%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($824M), Slovakia ($741M) and Italy ($619M) appeared to be the countries with the highest levels of market value in 2022, with a combined 34% share of the global market.
Slovakia, with a CAGR of +65.5%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of isolating switch per capita consumption was registered in Slovakia (6,608 units per 1000 persons), followed by Italy (237 units per 1000 persons), Nigeria (116 units per 1000 persons) and Japan (64 units per 1000 persons), while the world average per capita consumption of isolating switch was estimated at 28 units per 1000 persons.
From 2012 to 2022, the average annual rate of growth in terms of the isolating switch per capita consumption in Slovakia amounted to +65.4%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Italy (+20.7% per year) and Nigeria (+37.3% per year).
Production
World Production of Isolating Switches & Make-And-Break Switches
In 2022, global production of isolating switches & make-and-break switches shrank to 244M units, leveling off at the previous year. In general, production, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by 52%. As a result, production reached the peak volume of 246M units, leveling off in the following year.
In value terms, isolating switch production dropped modestly to $6.1B in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 34% against the previous year. Global production peaked at $6.5B in 2018; however, from 2019 to 2022, production failed to regain momentum.
Production By Country
China (79M units) constituted the country with the largest volume of isolating switch production, comprising approx. 32% of total volume. Moreover, isolating switch production in China exceeded the figures recorded by the second-largest producer, Slovakia (36M units), twofold. Italy (23M units) ranked third in terms of total production with a 9.4% share.
From 2012 to 2022, the average annual growth rate of volume in China amounted to +15.6%. In the other countries, the average annual rates were as follows: Slovakia (+69.0% per year) and Italy (+6.0% per year).
Imports
World Imports of Isolating Switches & Make-And-Break Switches
After six years of growth, purchases abroad of isolating switches & make-and-break switches decreased by -1.4% to 79M units in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. Global imports peaked at 80M units in 2021, and then fell modestly in the following year.
In value terms, isolating switch imports contracted modestly to $2.1B in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 7.3% against the previous year. Over the period under review, global imports reached the peak figure at $2.1B in 2014; afterwards, it flattened through to 2022.
Imports By Country
Nigeria represented the largest importing country with an import of about 25M units, which resulted at 32% of total imports. The following importers - Germany (2.1M units), Switzerland (2M units), South Africa (1.9M units), the United Arab Emirates (1.9M units), Spain (1.7M units), Vietnam (1.7M units), the United States (1.5M units) and Algeria (1.5M units) - together made up 18% of total imports.
Nigeria was also the fastest-growing in terms of the isolating switches & make-and-break switches imports, with a CAGR of +40.9% from 2012 to 2022. At the same time, Switzerland (+28.4%), Vietnam (+9.3%), Algeria (+6.9%), Spain (+6.8%) and the United Arab Emirates (+6.1%) displayed positive paces of growth. By contrast, South Africa (-2.6%), Germany (-3.1%) and the United States (-7.9%) illustrated a downward trend over the same period. While the share of Nigeria (+30 p.p.) and Switzerland (+2.2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of South Africa (-2 p.p.), Germany (-2.5 p.p.) and the United States (-4.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($240M), Nigeria ($133M) and Switzerland ($78M) were the countries with the highest levels of imports in 2022, together accounting for 22% of global imports.
Nigeria, with a CAGR of +35.6%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average isolating switch import price stood at $26 per unit in 2022, approximately equating the previous year. In general, the import price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 an increase of 6.5% against the previous year. Global import price peaked at $38 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($155 per unit), while Nigeria ($5.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.8%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Isolating Switches & Make-And-Break Switches
Global isolating switch exports skyrocketed to 103M units in 2022, with an increase of 83% compared with 2021. In general, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, isolating switch exports rose remarkably to $2.1B in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 8.8% against the previous year. The global exports peaked at $2.3B in 2014; however, from 2015 to 2022, the exports remained at a lower figure.
Exports By Country
China dominates exports structure, reaching 54M units, which was approx. 52% of total exports in 2022. It was distantly followed by Italy (9.2M units) and Switzerland (7.6M units), together mixing up a 16% share of total exports. Turkey (2.8M units), the Netherlands (2.3M units), Mexico (2.2M units), Bulgaria (2.1M units), France (2M units), South Korea (1.8M units) and the United States (1.6M units) followed a long way behind the leaders.
China was also the fastest-growing in terms of the isolating switches & make-and-break switches exports, with a CAGR of +29.0% from 2012 to 2022. At the same time, Bulgaria (+14.7%), Turkey (+5.3%), the Netherlands (+3.9%) and France (+3.7%) displayed positive paces of growth. Switzerland experienced a relatively flat trend pattern. By contrast, Italy (-1.8%), Mexico (-2.5%), South Korea (-3.5%) and the United States (-8.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +45 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Switzerland ($507M), Italy ($357M) and China ($136M) were the countries with the highest levels of exports in 2022, together accounting for 47% of global exports. Mexico, the United States, France, Bulgaria, South Korea, the Netherlands and Turkey lagged somewhat behind, together comprising a further 24%.
In terms of the main exporting countries, Bulgaria, with a CAGR of +25.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average isolating switch export price stood at $21 per unit in 2022, dropping by -41.7% against the previous year. In general, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 7.6% against the previous year. As a result, the export price attained the peak level of $35 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Switzerland ($67 per unit), while China ($2.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global isolating switch market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27121030 - Isolating switches and make-and-break switches
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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