Global Switching Equipment Market Report 2024

Switching Equipment Global Market Report 2023 – By End User (Small Enterprises, Medium Enterprises, Large Enterprises), By EndUse Industry (Automotive, Healthcare, Telecommunications), By Application (Enterprise And Industrial Usage, Telecommunication Providers, Servers And Storage Providers) – Market Size, Trends, And Global Forecast 2023-2032

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Switching equipment is any mechanical, electrical, pneumatic, or hydraulic device used to make and break the electric current in a circuit.

The main applications of switching equipment are enterprise and industrial usage, telecommunication providers, servers and storage providers. A telecommunications provider provides telecommunications services or a combination of information and media services, content, entertainment, and application services over networks, utilizing network infrastructure as a rich, functional platform. The equipment are used by small enterprises, medium enterprises, large enterprises of automotive, healthcare, and telecommunication industry.

The global switching equipment market is segmented -

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

The global switching equipment market size will grow from $42.93 billion in 2022 to $46.17 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global switching equipment is expected to grow to $60.58 billion in 2027 at a CAGR of 7.0%.

The increase in the popularity of IoT devices among the populace will led to a rise in the switching equipment market. IoT is becoming popular as a greater number of people are using smart devices and are mostly working on their errands, office work, communication, sending/receiving messages using smart devices, thus overwriting the traditional way. For instance, in 2021, Socomec, a Low Voltage (LV) Industrial Power Switching specialist based in France, has announced the release of New SIRCOVER with enhanced features in Manual Transfer Switches. All of these critical features are highlighted in the New SIRCOVER, which includes an Increased Terminal Clearance, with Enhanced Termination Capacity through Integrated Spreaders, that enables secure Aluminum termination, as well as Interphase barriers for added operations safety and an ergonomic Retrofit solution for the COS legacy range.

Major players in the switching equipment market are 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 and BTI.

The installation process of network switches is complex as it involves high accuracy and a number of sub-processes, thus hindering the growth of the switching equipment market during the historic period. Installing network switches is complex as these switches many functions such as allow connections to multiple devices, manage ports, manage VLAN security settings, and others. The degree of complexity is comparatively low when it comes to a small network in an enterprise or home. For large network enterprises, the installation process can take a long time to get completed. For instance, in the telecom industry, for telecom network backhaul projects, the installation process can take more than a week to complete.

Power over Ethernet (PoE) technology is gaining importance in the switching equipment market, thus emerging as a major trend for network switches. PoE switches are becoming common because they reduce clutter and can be added to both smart and managed switches. PoE technology also has the ability to combine the networking and electrical power into one cable and provide data connection and electrical power to the powered devices. PoE installation can provide many benefits such as flexibility, reliability, and cost-efficient. For instance, there is no need for the users to purchase and install additional electrical wires and outlets for PoE network switches and this saves installation and maintenance costs.

In July 2022, Littelfuse Inc., a US-based manufacturer of industrial technology acquired C&K Switches for an undisclosed amount. The acquisition is anticipated to increase both the company's technological and operational capabilities, enabling it to provide a comprehensive solutions offering to its large customer base across a variety of vertical end markets. C&K Switches is a US-based high-performance electromechanical switch and interconnect product designer and manufacturer.

North America was the largest region in the switching equipment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global switching equipment market during the forecast period. The regions covered in the global switching equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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

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.

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.

    Table Of Contents

    1. Executive Summary

    2. Switching Equipment Market Characteristics

    3. Switching Equipment Market – Macro Economic Scenario

    3.1 COVID-19 Impact On Switching Equipment Market

    3.2 Ukraine-Russia War Impact On Switching Equipment Market

    3.3 Impact Of High Inflation On Switching Equipment Market

    4. Switching Equipment Market Size And Growth

    4.1. Global Switching Equipment Historic Market, 2017 - 2022, $ Billion

    4.1.1. Drivers Of The Market

    4.1.2. Restraints On The Market

    4.2. Global Switching Equipment Forecast Market, 2022-2027F, 2032F, $ Billion

    4.2.1. Drivers Of The Market

    4.2.2. Restraints On the Market

    5. Switching Equipment Market Segmentation

    5.1. Global Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    Small Enterprises

    Medium Enterprises

    Large Enterprises

    5.2. Global Switching Equipment Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    Automotive

    Healthcare

    Telecommunications

    5.3. Global Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    Enterprise And Industrial Usage

    Telecommunication Providers

    Servers And Storage Providers

    6. Switching Equipment Market Regional And Country Analysis

    6.1. Global Switching Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    6.2. Global Switching Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    7. Asia-Pacific Switching Equipment Market

    7.1. Asia-Pacific Switching Equipment Market Overview

    7.2. Asia-Pacific Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    8. China Switching Equipment Market

    8.1. China Switching Equipment Market Overview

    8.2. China Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F,$ Billion

    9. India Switching Equipment Market

    9.1. India Switching Equipment Market Overview

    9.2. India Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    10. Japan Switching Equipment Market

    10.1. Japan Switching Equipment Market Overview

    10.2. Japan Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    11. Australia Switching Equipment Market

    11.1. Australia Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    12. Indonesia Switching Equipment Market

    12.1. Indonesia Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    13. South Korea Switching Equipment Market

    13.1. South Korea Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    14. Western Europe Switching Equipment Market

    14.1. Western Europe Switching Equipment Market Overview

    14.2. Western Europe Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    15. UK Switching Equipment Market

    15.1. UK Switching Equipment Market Overview

    15.2. UK Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    16. Germany Switching Equipment Market

    16.1. Germany Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    17. France Switching Equipment Market

    17.3. France Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    18. Eastern Europe Switching Equipment Market

    18.1. Eastern Europe Switching Equipment Market Overview

    18.2. Eastern Europe Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    19. Russia Switching Equipment Market

    19.1. Russia Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    20. North America Switching Equipment Market

    20.1. North America Switching Equipment Market Overview

    20.2. North America Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    21. USA Switching Equipment Market

    21.1. USA Switching Equipment Market Overview

    21.2. USA Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    22. South America Switching Equipment Market

    22.1. South America Switching Equipment Market Overview

    22.2. South America Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    23. Brazil Switching Equipment Market

    23.1. Brazil Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    24. Middle East Switching Equipment Market

    24.1. Middle East Switching Equipment Market Overview

    24.2. Middle East Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    25. Africa Switching Equipment Market

    25.1. Africa Switching Equipment Market Overview

    25.2. Africa Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    26. Switching Equipment Market Competitive Landscape And Company Profiles

    26.1. Switching Equipment Market Competitive Landscape

    26.2. Switching Equipment Market Company Profiles

    26.2.1. ADVA

    26.2.1.1. Overview

    26.2.1.2. Products and Services

    26.2.1.3. Strategy

    26.2.1.4. Financial Performance

    26.2.2. Ciena Corporation

    26.2.2.1. Overview

    26.2.2.2. Products and Services

    26.2.2.3. Strategy

    26.2.2.4. Financial Performance

    26.2.3. Ericsson

    26.2.3.1. Overview

    26.2.3.2. Products and Services

    26.2.3.3. Strategy

    26.2.3.4. Financial Performance

    26.2.4. Huawei Technologies

    26.2.4.1. Overview

    26.2.4.2. Products and Services

    26.2.4.3. Strategy

    26.2.4.4. Financial Performance

    26.2.5. Alcatel-Lucent

    26.2.5.1. Overview

    26.2.5.2. Products and Services

    26.2.5.3. Strategy

    26.2.5.4. Financial Performance

    27. Key Mergers And Acquisitions In The Switching Equipment Market

    28. Switching Equipment Market Trends And Strategies

    29. Switching Equipment Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2017-2022, 2027, 2032F, $ Billion
  • Table 3: Global Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 4: Global Switching Equipment Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 5: Global Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 6: Global Switching Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 7: Global Switching Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 8: Asia-Pacific, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 9: China, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 10: India, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 11: Japan, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 12: Australia, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 13: Indonesia, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 14: South Korea, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 15: Western Europe, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 16: UK, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 17: Germany, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 18: France, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 19: Eastern Europe, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 20: Russia, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 21: North America, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 22: USA, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 23: South America, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 24: Brazil, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 25: Middle East, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 26: Africa, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 27: ADVA Financial Performance
  • Table 28: Ciena Corporation Financial Performance
  • Table 29: Ericsson Financial Performance
  • Table 30: Huawei Technologies Financial Performance
  • Table 31: Alcatel-Lucent Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2017-2022, 2027, 2032F, $ Billion
  • Figure 3: Global Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 4: Global Switching Equipment Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 5: Global Switching Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 6: Global Switching Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 7: Global Switching Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 9: China, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 10: India, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 11: Japan, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 12: Australia, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 13: Indonesia, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 14: South Korea, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 15: Western Europe, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 16: UK, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 17: Germany, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 18: France, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 19: Eastern Europe, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 20: Russia, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 21: North America, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 22: USA, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 23: South America, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 24: Brazil, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 25: Middle East, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 26: Africa, Switching Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 27: ADVA Financial Performance
  • Figure 28: Ciena Corporation Financial Performance
  • Figure 29: Ericsson Financial Performance
  • Figure 30: Huawei Technologies Financial Performance
  • Figure 31: Alcatel-Lucent Financial Performance
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