Electromechanical Switch Market to Witness an Outstanding Growth By 2032

The electromechanical switch is an actuator device that directly controls the pathway of electric current flow in circuits by changing, breaking, or making the route of the current. It either interrupts the electrical current or diverts it from one conductor to another. This electronic component is one of the most common types of switches that is equipped with one or more adjustable contact terminals connected to external circuits. When electrical contacts touch each other, they complete the circuit, allowing current to flow. On the other hand, when the contacts are separated, the circuit is broken, which prevents the current from flowing. Prominently used electromechanical switches include mercury switches, rotary switches, detector switches, toggle switches, relays, reversing switches, tactile switches, push-button switches, and circuit breakers.

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Penetration of Electromechanical Switches in Smart Systems and EVs

Advantages offered by electromechanical switches, such as high resistance to voltage fluctuations and overcurrent peaks, low power consumption, simple control mechanism, and prolonged durability, make them widely applicable across various industries. For instance, they play a crucial role in smart systems and electric vehicles (EVs). Allied Market Research states that the global electromechanical switches market is projected to account for $6.5 billion by 2032. The sector generated a revenue of $4.5 billion in 2023 and is estimated to exhibit a CAGR of 4.2% from 2024 to 2032. This revenue growth is anticipated to be mainly driven by a rise in the trend of industrial and home automation.

In industrial automation, electromechanical switches are increasingly deployed to control complex industrial processes and robust machinery. This is attributed to the fact that in industrial settings, machineries are operated under extreme conditions such as vibrations, high temperatures, and dust exposure, which make these switches important for controlling power distribution and emergency stop operations. On the other hand, a rise in the penetration of smart homes significantly contributes to the industry growth, as electromechanical switches are being integrated into lighting, security systems, and voice-controlled devices. Tactile switches are mainly incorporated in these systems as they are resistant to water and dust. Conversely, systems like smart meters are installed with detector switches, as these meters require highly reliable sealed switches. The electronics giant, Panasonic, predominantly makes use of tactile and detector switches in smart home applications. Although the use of electronics has increased environmental concerns, the advent of sustainable toggle switches is expected to mitigate the ecological impact. Manufacturers are using biodegradable plastics like polylactic acid to fabricate toggle switch casings. This will facilitate natural degradation of the product as its service life ends, thereby reducing electronic waste.

Furthermore, with rising focus on sustainability and increasing adoption of EVs, the demand for electromechanical switches is projected to grow considerably. According to the International Energy Agency, a Paris-based autonomous intergovernmental organization, the first quarter of 2024 witnessed a sale of approximately 3 million EVs, around 25% higher as compared to 2023. By the end of 2024, this number is estimated to reach 17 million, a 20% year-on-year increase. As a result, key players in the electromechanical switch industry are developing novel smart high-side power switches. These switches are responsible for enhancing safety and improving driver experience, as they are equipped with advanced features such as fault detection and diagnostics, making them highly reliable and durable for use in EVs.

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Infineon Introduced a New Portfolio of PROFETTM Smart High-side Power Switch

In April 2023, Infineon Technologies AG, one of the largest German-based manufacturers of semiconductors, launched a new product portfolio of PROFETTM smart high-side MOSFET power switches. These switches support automotive and industrial applications of 12 volts, 24 volts, and 48 volts. Moreover, they are resilient to voltage fluctuations, overload, short circuit, ground loss, high temperatures, and power supply loss. In addition, they protect against voltage spikes like load dump and inductive load turn-off. These features make of PROFETTM smart high-side MOSFET power switches suitable for use in safety-critical systems such as advanced driver assistance systems.

Electromechanical switches are gaining high traction in the field of EVs and smart systems, as these applications require efficient power control. Moreover, features such as emergency stop functions and resistance to voltage fluctuations make them an ideal solution for industrial automation, as industrial processes need robust, durable, and efficient switching solutions. Furthermore, with the increasing penetration of safety-critical technologies such as advanced driver assistance systems, the demand for electromechanical switches is expected to grow notably shortly.

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