Fact.MR has provided detailed information on the prices of leading kinetic switch manufacturers positioned in all regions, sales growth, production capacity, and speculative technological expansion, in the recently released report.
/EIN News/ — Dublin, Ireland, Sept. 08, 2022 (GLOBE NEWSWIRE) — According to detailed industry research by Fact.MR, a market research and competitive intelligence provider, the global market for Kinetic Switches is currently valued at US$449.3 million and is projected to grow at a remarkable CAGR of 10.1% from 2022 to 2032, primarily driven by the surge in demand for smart home appliances for household use.
With the increasing use of smart devices and the emergence of technologies such as Internet of Thing devices, connectivity needs are skyrocketing. Increasing disposable income, technological upgrading, product development and the rapid rise of IoT have led the kinetic switch industry to develop at a rapid pace. In addition, an increase in sales of smart devices has also increased the demand for wireless switch products.
Get a sample PDF of this research report with a detailed table of contents: https://www.factmr.com/connectus/sample?flag=S&rep_id=7680
Kinetic switches are available with built-in micro energy converters. When the control panel is turned on, kinetic transforms this movement into energy to power internal radio systems and transmit signals to connected devices. Wires, back boxes and holes in the wall are no longer needed for Kinetic Switches like before and make operations much easier.
Due to the technological developments of IoT, the demand for kinetic switches due to their saving factor and low construction cost is expected to grow significantly in the coming years.
Key insights from market research
- The global kinetic switches market is expected to grow at a CAGR of 10.1% and reach US$1.18 billion by 2032.
- Kinetic Switch sales increase by 6% CAGR from 2017 to 2021.
- North America led the global market with a 31.9% share in 2021.
- Together, South Asia and Oceania and East Asia account for 31.1% market share in 2022.
- Kinetic switch demand is expected to grow at CAGRs of 9.7% and 11.4% in Europe and South Asia & Oceania, respectively.
“Advanced smart home devices will be provide a pathway to scale kinetic switch Sales in the years to come“, says a Fact.MR analyst.
Talk to the analyst: https://www.factmr.com/connectus/sample?flag=AE&rep_id=7680
The emerging technology of IoT has led to more human-centric technology, which guarantees improved mechanism and better security for homes, offices, vehicles, etc. To meet customer requirements, a lot of research and development has been done around the manufacturing of smart and wireless switches. target customers who prefer an elegant look for their home; these can also be connected to smartphones and can monitor on the spot when no one is home.
The high penetration of smartphones and smart devices has led the market to gain momentum. Kinetic switches provide a wireless connection that provides homes with high security features and easy installation, and are also environmentally friendly.
In 2021, there were 258 million smart homes worldwide, and the United States was the largest smart home automation market compared to other countries. Millennials are willing to pay 20% more for smart homes, which will create opportunities for kinetic switch makers.
Several ICT industry leaders are developing their own strategies to stand out from other competitors in the kinetic switch market. Brands such as Enocean, Ebelong, Quinetic, Aurora, SurMountor, Hangzhou Queqi Technology Co., Ltd., Ener-J, Forum Lighting Solution, Lumenvault, Retrotouch and Sensinova started manufacturing kinetic switches to meet the high demand.
Advanced features of kinetic switches are gaining traction in the market; however, the sleek appearance and the use of advanced technology in kinetic switches make the product expensive, which might limit the target market to some extent.
Kinetic Switch Industry Research Segmentation
- By product Type :
By operating Interval :
- Less than 25 meters
- 25-50 meters
- 50-80 meters
- Above 80 meters
By frequency Interval :
By Technology :
- Enocean (Retrotouch, Enocean)
By End User :
- Health care
- Corporate offices
- Government and public sectors
- Retail spaces
- Educational institutes
By Region :
- North Americas
- Latin America
- East Asia
- South Asia and Oceania
- Middle East and Africa
Quick buy – Kinetic Switches Market: https://www.factmr.com/checkout/7680
More valuable information about the offer
Fact.MR in its new offering presents an unbiased analysis of the global Kinetic Switches Market, showcasing historical market data (2017-2021) and forecast statistics for the period 2022-2032.
The study reveals key insights based on product type (pads (single, double) walls (single, double)), technology (Enocean* (Retrotouch, Enocean), Bluetooth, ZigBee), functioning [outdoor] (within 25m, 25-50m, 50-80m, above 80m) and frequency (433 MHz (Europe, Asia), 868 MHz (Europe), 902 MHz (North America), 928 MHz (Asia), 2.4 GHz (Europe)), in major regions of the world (North America, Latin America, Europe, East Asia, South Asia and Oceania, Middle East and Africa).
Check out other related studies published by Fact.MR Research:
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