Switching Equipment Global Market Report 2024

Description

“Switching Equipment Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on switching equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
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Where is the largest and fastest growing market for switching equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The switching equipment market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By End User: Small Enterprises; Medium Enterprises; Large Enterprises
2) By End-Use Industry: Automotive; Healthcare; Telecommunications
3) By Application: Enterprise And Industrial Usage; Telecommunication Providers; Servers And Storage Providers
Companies Mentioned: ADVA; Ciena Corporation; Ericsson; Huawei Technologies; Alcatel-Lucent
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Switching equipment encompasses any mechanical, electrical, pneumatic, or hydraulic device employed to establish and disrupt the flow of electric current within a circuit.

The primary applications of switching equipment span enterprise and industrial usage, telecommunications providers, as well as servers and storage providers. Telecommunications providers offer a wide array of services, including telecommunications, information and media services, content delivery, entertainment, and application services, leveraging network infrastructure as a versatile and robust platform. These types of equipment are used by businesses of various sizes, including small enterprises, medium-sized enterprises, and large enterprises across industries such as automotive, healthcare, and telecommunications.

The switching equipment market research report is one of a series of new reports from The Business Research Company that provides switching equipment market statistics, including switching equipment industry global market size, regional shares, competitors with a switching equipment market share, detailed switching equipment market segments, market trends and opportunities, and any further data you may need to thrive in the switching equipment industry. This switching equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The switching equipment market size has grown strongly in recent years. It will grow from $44.33 billion in 2023 to $46.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The expansion observed during the historical period can be attributed to factors such as the expansion of networks, the growth of broadband and the internet, modernization of data centers, and the development of enterprise networking solutions.

The switching equipment market size is expected to see strong growth in the next few years. It will grow to $61.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be attributed to the deployment of 5G networks, the increasing use of edge computing, the expansion of cloud computing and data centers, and the growing adoption of IoT (Internet of Things) and industrial automation. Notable trends expected during the forecast period encompass the development of cloud data centers, the utilization of high-performance Ethernet switches, wireless backhaul solutions, intent-based networking (IBN), and the integration of artificial intelligence (AI) and machine learning in switching equipment.

The rising popularity of IoT devices among the general population is expected to drive an increase in the switching equipment market. IoT has gained widespread popularity as more people rely on smart devices for various tasks, work, communication, and messaging, gradually replacing traditional methods. For example, in 2021, Socomec, a French-based specialist in Low Voltage (LV) Industrial Power Switching, introduced the New SIRCOVER with enhanced features in Manual Transfer Switches. This new product incorporates essential features like Increased Terminal Clearance, Enhanced Termination Capacity through Integrated Spreaders for secure aluminum termination, Interphase barriers for added operational safety, and an ergonomic Retrofit solution for the COS legacy range.

The growing demand for cloud services is expected to be a driving force behind the growth of the switching equipment market. Cloud services encompass a wide range of on-demand computing resources and applications delivered over the internet, often hosted on remote servers in data centers. These services are accessible to individuals, businesses, and organizations over the internet. Switching equipment plays a crucial role in cloud services by efficiently distributing and controlling traffic across various components of the cloud infrastructure, ensuring high availability and seamless data transfer between servers and clients. For instance, a global study of 753 technical and business professionals in 2022, reported by the AAG IT Support Service, indicated that 63% of respondents reported heavy usage of cloud services, marking an increase from 59% in 2021 and 53% in 2020. Therefore, the growing demand for cloud services is expected to fuel the growth of the switching equipment market.

The complex installation process of network switches, requiring high accuracy and involving multiple sub-processes, has hindered the growth of the switching equipment market during the historic period. Installing network switches can be intricate due to their multifunctional nature, which includes facilitating connections to multiple devices, managing ports, configuring VLAN security settings, and more. Large enterprise networks can experience lengthy installation times, and complex projects like telecom network backhaul can take over a week to complete.

Power over Ethernet (PoE) technology is gaining significance in the switching equipment market, emerging as a major trend for network switches. PoE switches are becoming more prevalent as they reduce cable clutter and can be incorporated into both smart and managed switches. PoE technology combines networking and electrical power into a single cable, providing data connectivity and electrical power to powered devices. The adoption of PoE offers various benefits such as flexibility, reliability, and cost-efficiency, eliminating the need for additional electrical wiring and outlets, ultimately saving on installation and maintenance costs.

Major companies operating in the switching equipment market are developing innovative products, including next-generation TransferPacT automatic transfer switching equipment, to meet the growing demand for high-speed and reliable backup power solutions. Automatic transfer switching equipment, also known as automatic transfer switches (ATS), are intelligent devices that automatically switch power sources based on dedicated control logic. For instance, in October 2021, Schneider Electric SE, a French electronic company, introduced its next-generation TransferPacT Automatic Transfer Switching Equipment (ATSE). This product is designed to provide dependable backup power to critical facilities and infrastructure, offering advantages like increased speed, reduced size, scalability, and enhanced performance and reliability compared to traditional ATSEs.

In July 2022, Littelfuse Inc., a US-based industrial technology manufacturer, acquired C&K Switches for an undisclosed amount. This acquisition is expected to enhance the company's technological and operational capabilities, allowing it to provide comprehensive solutions across various vertical end markets. C&K Switches is a US-based company specializing in high-performance electromechanical switch and interconnect product design and manufacturing.

Major companies operating in the switching equipment market include ADVA, Ciena Corporation, Ericsson, Huawei Technologies, Alcatel-Lucent, ZTE, Infinera Corporation, Fujitsu Limited, ECI Telecom Ltd., Cisco Systems, Inc., Tellabs, Inc., ADTRAN Inc., Aliathon Technology Ltd., NEC Corporation, Huawei Technologies, Nokia Siemens, Cyan, Ekinops, JDS Uniphase Corporation, BTI

North America was the largest region in the switching equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the switching equipment market during the forecast period. The regions covered in the switching equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the switching equipment market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The switching equipment market consists of sales of equipment, used to open and close electric circuits in general and build connections between nodes within a network. Information is shared on establishing of a connection between nodes. The switching equipment industry includes establishments that manufacture switching equipment including circuit breakers, contactors, switch disconnectors and disconnectors. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r9245

1. Executive Summary

2. Switching Equipment Market Characteristics

3. Switching Equipment Market Trends And Strategies

4. Switching Equipment Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Switching Equipment Market Size and Growth

5.1. Global Switching Equipment Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Switching Equipment Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Switching Equipment Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Switching Equipment Market Segmentation

6.1. Global Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Enterprise And Industrial Usage
Telecommunication Providers
Servers And Storage Providers
6.2. Global Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Small Enterprises
Medium Enterprises
Large Enterprises
6.3. Global Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Automotive
Healthcare
Telecommunications

7. Switching Equipment Market Regional And Country Analysis

7.1. Global Switching Equipment Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Switching Equipment Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Switching Equipment Market

8.1. Asia-Pacific Switching Equipment Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Switching Equipment Market

9.1. China Switching Equipment Market Overview
9.2. China Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Switching Equipment Market

10.1. India Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Switching Equipment Market

11.1. Japan Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Switching Equipment Market

12.1. Australia Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Switching Equipment Market

13.1. Indonesia Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Switching Equipment Market

14.1. South Korea Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Switching Equipment Market

15.1. Western Europe Switching Equipment Market Overview
15.2. Western Europe Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Switching Equipment Market

16.1. UK Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Switching Equipment Market

17.1. Germany Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Switching Equipment Market

18.5. France Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Switching Equipment Market

19.9. Italy Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Switching Equipment Market

20.13. Spain Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Switching Equipment Market

21.1. Eastern Europe Switching Equipment Market Overview
21.2. Eastern Europe Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Switching Equipment Market

22.1. Russia Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Switching Equipment Market

23.1. North America Switching Equipment Market Overview
23.2. North America Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Switching Equipment Market

24.1. USA Switching Equipment Market Overview
24.2. USA Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Switching Equipment Market

25.1. Canada Switching Equipment Market Overview
25.2. Canada Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Switching Equipment Market

26.1. South America Switching Equipment Market Overview
26.2. South America Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Switching Equipment Market

27.1. Brazil Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Switching Equipment Market

28.1. Middle East Switching Equipment Market Overview
28.2. Middle East Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Switching Equipment Market

29.1. Africa Switching Equipment Market Overview
29.2. Africa Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Switching Equipment Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Switching Equipment Market Competitive Landscape And Company Profiles

30.1. Switching Equipment Market Competitive Landscape
30.2. Switching Equipment Market Company Profiles
- 30.2.1. ADVA
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Ciena Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Ericsson
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Huawei Technologies
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Alcatel-Lucent
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Switching Equipment Market Competitive Benchmarking

32. Global Switching Equipment Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Switching Equipment Market

34. Switching Equipment Market Future Outlook and Potential Analysis

34.1 Switching Equipment Market In 2028 - Countries Offering Most New Opportunities
34.2 Switching Equipment Market In 2028 - Segments Offering Most New Opportunities
34.3 Switching Equipment Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer