Global Wireless Power Switch Market: Introduction

  • A wireless power switch used for household applications is a home device employed to control the switching of household appliances remotely
  • These switches make the switching of household appliances easy for physically challenged individuals, elderly people, and anyone who, in any circumstances, needs security and comfort
  • The global wireless power switch market is anticipated to expand at a rapid pace during the forecast period, owing to increased demand for wireless power switches for use in the automation of commercial and industrial buildings

Key Drivers of Global Wireless Power Switch Market

  • Wireless power switches are used to turn electric appliances on/off from anywhere, even when Wi-Fi has no Internet access
  • The global wireless power switch market is expected to be driven by increasing demand for the rapidly changing technology in consumer electronics. Furthermore, expanding base of smart home users is expected to be a major driving factor for the global wireless power switch market during the forecast period.
  • Companies operating in the global wireless power switch market are investing to expand their product portfolios as well as their distribution networks. They have adopted strategies such as mergers and acquisitions, development of new products, joint ventures, and expansions to cater to the increasing demand for wireless power switches across different regions.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Middle East & Africa to Offer Attractive Opportunities to Wireless Power Switch Market

  • The wireless power switch market in Middle East & Africa is estimated to expand at the most rapid pace during the forecast period. This can be attributed to increasing investments in building and infrastructure sectors in the region.
  • Middle East & Africa consists of countries such as Saudi Arabia, the UAE, and Qatar, wherein people have high purchasing power. Rapid expansion of cities and development of infrastructure in these countries are expected to drive the wireless power switch market in the region during the forecast period.

Investments in Building Automation to Drive Market

  • Different applications of building automation and control systems include lighting, safety and security, entertainment (audio and video), and HVAC (heating, ventilation, and air-conditioning)
  • In addition to these core applications, several new applications are being developed and offered by players from different sectors. These include home healthcare, remote monitoring (as a specialized part of safety and security), home robotics, and pet care.
  • The above-mentioned applications need smart control. This factor is expected to fuel the demand for wireless power switches during the forecast period.

Looking for Regional Analysis or Competitive Landscape, ask for a customized report

Asia Pacific to Hold a Major Share of Global Wireless Power Switch Market

  • Asia Pacific is a leading consumer of wireless power switches, followed by North America and Europe. China, India, and Japan are key markets in the region. In terms of demand, the three countries account for a major share of the wireless power switch market in the region.
  • Increase in the demand for wireless power switches in Asia Pacific can be attributed to continued urbanization and development of infrastructure in the region. Moreover, the region is witnessing increasing preference for smart and sustainable homes. This is expected to promote growth of the global wireless power switch market during the forecast period.

Key Players Operating in Global Market

The global wireless power switch market is highly concentrated, with the top manufacturers accounting for approximately 25%–35% of the market share. A few of the key players operating in the global wireless power switch market are:

  • Teleco Automation S.r.l.
  • Amphenol Corporation
  • Astrel Group s.r.l.
  • Panasonic Electric Works Europe AG
  • Eaton Corporation
  • Belkin International, Inc.
  • Thermokon Sensortechnik GmbH
  • Osum Smart Electrical Solutions
  • General Electric Company
  • MOKOSmart

Global Wireless Power Switch Market: Research Scope

Global Wireless Power Switch Market, by Type

  • Single Pole
  • Double Pole
  • Others

Global Wireless Power Switch Market, by End-user

  • Commercial
  • Residential
  • Industrial

Global Wireless Power Switch Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Wireless Power Switch Market