(EMAILWIRE.COM, March 16, 2019 ) According to this study, over the next five years the Microswitch market will register a 2.3% CAGR in terms of revenue, the global market size will reach US$ 670 million by 2024, from US$ 590 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Microswitch business, shared in Chapter 3.
Microswitch, also trademarked and frequently known as miniature snap-action switch, is an electric switch that is actuated by very little physical force, through the use of a tipping-point mechanism, sometimes called an “over-center” mechanism.
Switching happens reliably at specific and repeatable positions of the actuator, which is not necessarily true of other mechanisms. They are very common due to their low cost and durability, greater than 1 million cycles and up to 10 million cycles for heavy duty models. This durability is a natural consequence of the design.
The defining feature of micro switches is that a relatively small movement at the actuator button produces a relatively large movement at the electrical contacts, which occurs at high speed (regardless of the speed of actuation). Most successful designs also exhibit hysteresis, meaning that a small reversal of the actuator is insufficient to reverse the contacts; there must be a significant movement in the opposite direction. Both of these characteristics help to achieve a clean and reliable interruption to the switched circuit.
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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This study considers the Microswitch value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
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Table of Contents:
1 Scope of the Report
2 Executive Summary
3 Global Microswitch by Players
4 Microswitch by Regions
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
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