Electrical push-button and rotary switches market in Germany

Earlier Report Observations

The market for electrical push-button and rotary switches in Germany showed variable movement from 2018 to 2021. After a slight decrease to 1 198 млн долл. США in 2019, the market size grew to 1 373 млн долл. США in 2020 and further to 1 468 млн долл. США in 2021.

In 2022, the market stabilized at 1 457 млн долл. США. This period was characterized by rising demand from renewable energy integration projects and the increasing adoption of digital technologies, IoT, and Industry 4.0 in low-voltage switchgear. Furthermore, Eaton Corporation's acquisition of a majority stake in Ulusoy Elektrik indicated ongoing consolidation among major players.

By 2024, the market size declined to 1 092 млн долл. США. Key developments included Tesla's retrofitting of charging stations to 1000 volts, which elevated technical requirements for switchgear in e-mobility applications. Additionally, the technical connection conditions for medium-voltage switchgear were updated effective January 2024, influencing product standards, while digitalization and cybersecurity demands continued to shape the market landscape.

Production electrical push-button and rotary switches in Germany

In value, 2017-2020, M $ US

Germany's production of electrical push-button and rotary switches declined for the second consecutive year. In 2020, output was valued at 2 551 million US dollars, marking a slight decrease of 2.6% compared to 2019. The largest decline occurred in 2019, with a drop of 6.0%. Production peaked in 2018 at 2 785 million US dollars, which represented the largest increase of 9.7%.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

Exports electrical push-button and rotary switches from Germany

Exports in kind, t

Germany's exports of electrical push-button and rotary switches declined for the third consecutive year. In 2020, exports reached 23 972 tonnes, reflecting a decrease of 13.9% compared to 2019. Over the period from 2017 to 2020, exports fell by 18.5%, equating to an annualized decline rate of 6.6%.

Annual dynamics of product's exports from Germany in kind, 2017-2020, t

The partner structure of exports in kind from 2017 to 2020 was fragmented. China accounted for 11.3% of exports in kind, Czechia for 8.5%, and France for 7.1%. Together, these three countries represented only 26.9% of total flows, with no single country holding a dominant share.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

Germany's exports of electrical push-button and rotary switches declined for the second consecutive year. In 2020, exports reached 3 191 million US dollars, down by 10.7% compared to 2019. Over the period from 2017 to 2020, exports decreased by 7.5%, with a compound annual growth rate (CAGR) of -2.6%. The highest value was recorded in 2018 at 3 766 million US dollars, which also saw the largest increase of 9.2%.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

The country composition of exports in value terms from 2017 to 2020 was dispersed. China accounted for 12.8% of exports in value terms, the United States for 8.8%, and Italy for 6.9%. Together, these three countries formed just 28.5% of total flows, with the remaining 71.5% distributed among a wide range of other destinations.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports electrical push-button and rotary switches to Germany

Imports in kind, t

Germany's imports of electrical push-button and rotary switches declined for the second consecutive year. In 2020, imports amounted to 28 235 tonnes, down by 6.2% from 2019. Over the period from 2017 to 2020, imports decreased by 2.5%, with a compound annual growth rate (CAGR) of -0.8%. The peak volume was recorded in 2018 at 30 360 tonnes, which also experienced the largest increase of 4.9%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, t

From 2017 to 2020, there was no single dominant market for Germany's imports of electrical push-button and rotary switches in kind. China accounted for 15.4% of imports in kind, Czechia for 13.7%, and Hungary for 5.3%. Together, these three countries took only 34.5% of total imports in kind, while many smaller partners each held modest individual shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

Germany's imports of electrical push-button and rotary switches declined for the second consecutive year. In 2020, imports totaled 2 013 million US dollars, down by 6.4% from 2019. Over the period from 2017 to 2020, imports decreased by 2.8%, with a compound annual growth rate (CAGR) of -1.0%. The maximum value was recorded in 2018 at 2 222 million US dollars, which also saw the largest increase of 7.3%.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

From 2017 to 2020, China, Czechia, and Switzerland were the largest but not dominant suppliers of electrical push-button and rotary switches to Germany in value terms. China accounted for 14.9% of imports in value terms, Czechia for 10.4%, and Switzerland for 7.1%. Together, they represented 32.4% of total imports in value terms, against a broad background of smaller partners.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020