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Market Overview of Global Push Button Complete Units market:
According to our latest research, the global Push Button Complete Units market looks promising in the next 5 years. As of 2022, the global Push Button Complete Units market was estimated at USD 2903.99 million, and it's anticipated to reach USD 3914.61 million in 2028, with a CAGR of 5.1% during the forecast years.
A push-button complete unit is an electronic assembly that comprises a switch, which has the contact mechanism and electrical terminals to make a connection between two or more circuits. A push-button includes metallic contacts in some positions inside of it. Internal components are typically fabricated from conductive plastics (e.g., polycarbonate). Push-button complete units can also be fabricated from machined metal components. Push buttons are widely used in electrical appliances, consumer electronics, and industrial machines for switching the circuit that is connected to it on or off by pressing a switch that makes contact between two circuits.
Market Opportunities and Drivers
With the progress and development of the global economy, the degree of industrialization and automation in Asia has gradually improved. The Regional Comprehensive Economic Partnership Agreement (RCEP) was formally signed, which will cover nearly half of the world's population and nearly one third of its trade volume, and its members include 15 ASEAN countries, China, Japan, South Korea, Australia and New Zealand. As far as tariffs are concerned, RCEP and other existing trade agreements among members in the region have a complementary and mutually promoting relationship. RCEP stipulates tax reduction products that are not found in other FTA agreements, and enterprises can choose RCEP or other trade agreements independently according to the degree of preference. Besides tariffs, RCEP reduces intra-regional trade barriers through various systems. The relatively low labor cost in Asia, the improvement of industrialization level and the development of regional economic cooperation are some main factors supporting the growth of push button complete unit industry in this region.
With the development of urbanization and economic level, the manufacturing industry in Asian market are developing continuously. Compared with Europe and America, the adoption rate of high-end technology in Southeast Asia is still very low, but these countries are witnessing the attraction of automation technology. The current development trend is that large-scale manufacturers are transferring their production bases to Asia, especially Indonesia, Thailand and Malaysia. It can be predicted that the demand for power equipment and machine tool in these areas will further increase. With the industrial upgrading in Asia, the market growth of push button complete unit products is driven.
Region Overview:
From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
ABB is one of the major players operating in the Push Button Complete Units market, holding a share of 10.65% in 2022.
ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group consists of several divisions including Power Products, Power Systems, Discrete Automation and Motion, Low Voltage Products, and Process Automation. Technology plays a key role in the success of The ABB Group. ABB has activities all over the world working to develop unique technologies that make ABB customers more competitive, while minimizing environmental impact.
Schneider Electric provide energy and automation digital solutions for efficiency and sustainability. Schneider Electric combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries.
Segmentation Overview:
Among different product types, Panel Mount segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Power Equipment segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Push Button Complete Units market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Push Button Complete Units Market Report:
Market Size Estimates: Push Button Complete Units market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Push Button Complete Units market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Push Button Complete Units market
Segment Market Analysis: Push Button Complete Units market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Push Button Complete Units market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Push Button Complete Units Market: Revenue and sales volume of major countries in each region
Push Button Complete Units Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Push Button Complete Units market in major regions.
Push Button Complete Units Industry Value Chain: Push Button Complete Units market raw materials & suppliers, manufacturing process, distributors, downstream customers
Push Button Complete Units Industry News, Policies & Regulations
Key players in the global Push Button Complete Units market are covered in Chapter 12:
Banner
Schlegel
Chint Group
Omron
NKK Switches
BARTEC
Schneider Electric
WEG
Siemens
Fuji Electric
Emerson
ABB
IDEC Corporation
Rockwell Automation
Eaton
In Chapter 2 and Chapter 15.1, based on types, the Push Button Complete Units market from 2018 to 2028 is primarily split into:
Surface Mount
Panel Mount
In Chapter 3 and Chapter 15.2, based on applications, the Push Button Complete Units market from 2018 to 2028 covers:
Power Equipment
Machine Tool
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Push Button Complete Units market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028