Global Membrane Switches Market to Reach $27.4 Billion by 2030
The global market for Membrane Switches estimated at US$12.9 Billion in the year 2023, is expected to reach US$27.4 Billion by 2030, growing at a CAGR of 11.3% over the analysis period 2023-2030. Polyester Membrane Switches, one of the segments analyzed in the report, is expected to record a 10.9% CAGR and reach US$9.8 Billion by the end of the analysis period. Growth in the Polycarbonate Membrane Switches segment is estimated at 12% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 14.9% CAGR
The Membrane Switches market in the U.S. is estimated at US$3.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.4 Billion by the year 2030 trailing a CAGR of 14.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 9.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.3 Billion by the year 2030.
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