Global Push Button Complete Units Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Push Button Complete Units Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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 Overview:

The latest research study on the global Push Button Complete Units market finds that the global Push Button Complete Units market reached a value of USD 2903.99 million in 2022. It’s expected that the market will achieve USD 3914.61 million by 2028, exhibiting a CAGR of 5.1% during the forecast period.

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.

Key Companies in the global Push Button Complete Units market covered in Chapter 3:

WEG
Schneider Electric
Emerson
IDEC Corporation
Omron
Siemens
Eaton
BARTEC
Schlegel
NKK Switches
Banner
Fuji Electric
ABB
Chint Group
Rockwell Automation

In Chapter 4 and Chapter 14.2, on the basis of types, the Push Button Complete Units market from 2018 to 2029 is primarily split into:

Surface Mount
Panel Mount

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Push Button Complete Units market from 2018 to 2029 covers:

Power Equipment
Machine Tool
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)