The global electric switches market size reached US$ 11.3 billion in 2022. Sales are estimated to total US$ 12.4 billion in 2023. In the forecast period between 2023 and 2033, demand is poised to exhibit an 8.1% CAGR. Revenue is anticipated to cross around US$ 26.8 billion by 2033. Rising demand for home automation technology will fuel demand for electric switches during the forecast period. …
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Electric Switches Market: Forecasting a Revenue Boom to US$ 26.8 Billion by 2033, Surging with an Impressive 8.1% CAGR
The global electric switches market size reached US$ 11.3 billion in 2022. Sales are estimated to total US$ 12.4 billion in 2023. In the forecast period between 2023 and 2033, demand is poised to exhibit an 8.1% CAGR. Revenue is anticipated to cross around US$ 26.8 billion by 2033. Rising demand for home automation technology will fuel demand for electric switches during the forecast period. …