Summary
As the world continues to deal with COVID-19, economies are moving into recession, under multiple adverse factors, the GDP of European and American countries in the second quarter suffered a historical contraction. At an annualized rate, the US GDP fell by 32.9% month on month, while the overall GDP of the euro zone fell by 12.1%.
Moreover, the economic prospects of Europe and the United States in the third quarter under the epidemic situation are hardly optimistic. The resumption of work and production not only brought economic data back, but also triggered a rebound in the epidemic situation. At present, the United States is still the 'epicenter' of the global epidemic. The total number of confirmed cases has exceeded 4.8 million, and the epidemic situation in some European countries has also rebounded. Affected by this, more than 20 states in the United States have announced the suspension or withdrawal of part of the economic restart plan. Britain and Italy have also decided to extend the state of emergency. The rebound of the epidemic situation has posed considerable risks to the economic prospects of Europe and the United States.
In the second quarter of this year, US GDP shrank by 9.5% on a month on month basis, or 32.9% at an annual rate, the largest decline since the 1940s. Data show that the sharp decline in personal consumption is the main drag on the U.S. GDP growth in the second quarter.
Compared with the United States, Europe's economic contraction in the second quarter was smaller, but it was also the lowest on record, with Germany and France contracting more than 10%. According to the data released by the Federal Bureau of statistics, Germany's GDP fell by 10.1% in the second quarter after adjusting for prices, seasons and working days, the largest decline since the quarterly economic data were available in 1970.
Thanks to the effective control and policy support of the new epidemic, China's economy rebounded sharply in the second quarter. The growth rate of manufacturing industry, which accounted for about 28% of GDP, rebounded sharply to 4.4% from the negative value in the first quarter. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales.Prudent Markets published a report for global Safety Two Hand Control Switches market in this environment.
In terms of revenue, this research report indicated that the global Safety Two Hand Control Switches market was valued at USD XXX million in 2020, and it is expected to reach a value of USD XXX million by 2027, at a CAGR of XX % over the forecast period 2021-2027. Correspondingly, the forecast analysis of Safety Two Hand Control Switches industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The ABB aims at producing XX K Units Safety Two Hand Control Switches in 2020, with XX % production to take place in global market, Delixi accounts for a volume share of XX %.
Regional Segmentation (Value; Revenue, USD Million, 2026-2027) of Safety Two Hand Control Switches Market byPrudent Markets Include
China
EU
USA
Japan
India
Southeast Asia
South America
Competitive Analysis; Who are the Major Players in Safety Two Hand Control Switches Market
ABB
Delixi
Schneider
Siemens
Philips
Panasonic
BULL
Telemecanique
Allen Bradley
Banner
Opple
CHNT
Legrand
...
Major Type of Safety Two Hand Control Switches Covered inPrudent Markets report:
By Mounting Type
Floor Mount
Panel Mount
Other
Application Segments Covered inPrudent Markets Market
Manufacturing Industry
Power Industry
Construction
Other
For any other requirements, please feel free to contact us and we will provide you customized report.
Table of Contents
Global Safety Two Hand Control Switches Market Analysis 2021, With Top Companies, Production, Revenue, Consumption, Price and Growth Rate
1 Market Scope
1.1 Product Details and Introduction
1.1.1 Safety Two Hand Control Switches Market Outlook, By Mounting Type
1.1.2 Floor Mount -Product Introduction and Major Manufacturers
1.1.3 Panel Mount -Product Introduction and Major Manufacturers
1.1.4 Other -Product Introduction and Major Manufacturers
1.2 Market Snapshot
1.2.1 Major Companies Overview
1.2.2 Market Concentration
1.2.3 Six-Year Compound Annual Growth Rate (CAGR)
2 Global Safety Two Hand Control Switches Market Assessment, by Segmentation
2.1 Type Breakdown Estimates & Forecast, Sales Volume (2026-2027)
2.2 Type Breakdown Estimates & Forecast, Sales Value (2026-2027)
2.3 Application Breakdown Estimates & Forecast, by Application (2026-2027)
3 Regional Market Analysis
3.1 China Safety Two Hand Control Switches Market
3.1.1 Top Companies leading Safety Two Hand Control Switches Development in China (2016-2021)
3.1.2 Sales Value of Major Company in China Market (2016-2021)
3.1.3 China Safety Two Hand Control Switches Price (USD/Unit), by Type (2019-2020)
3.1.4 Sales in China Market, by Type (2026-2027)
3.2 EU Safety Two Hand Control Switches Market
3.2.1 Top Companies leading Safety Two Hand Control Switches Development in EU (2016-2021)
3.2.2 Sales Value of Major Company in EU Market (2016-2021)
3.2.3 EU Safety Two Hand Control Switches Price (USD/Unit), by Type (2019-2020)
3.2.4 Sales in EU Market, by Type (2026-2027)
3.3 USA Safety Two Hand Control Switches Market
3.3.1 Top Companies leading Safety Two Hand Control Switches Development in USA (2016-2021)
3.3.2 Sales Value of Major Company in USA Market (2016-2021)
3.3.3 USA Safety Two Hand Control Switches Price (USD/Unit), by Type (2019-2020)
3.3.4 Sales in USA Market, by Type (2026-2027)
3.4 Japan Safety Two Hand Control Switches Market
3.4.1 Top Companies leading Safety Two Hand Control Switches Development in Japan (2016-2021)
3.4.2 Sales Value of Major Company in Japan Market (2016-2021)
3.4.3 Japan Safety Two Hand Control Switches Price (USD/Unit), by Type (2019-2020)
3.4.4 Sales in Japan Market, by Type (2026-2027)
3.5 India Safety Two Hand Control Switches Market
3.5.1 Top Companies leading Safety Two Hand Control Switches Development in India (2016-2021)
3.5.2 Sales Value of Major Company in India Market (2016-2021)
3.5.3 India Safety Two Hand Control Switches Price (USD/Unit), by Type (2019-2020)
3.5.4 Sales in India Market, by Type (2026-2027)
3.6 Southeast Asia Safety Two Hand Control Switches Market
3.6.1 Top Companies leading Safety Two Hand Control Switches Development in Southeast Asia (2016-2021)
3.6.2 Sales Value of Major Company in Southeast Asia Market (2016-2021)
3.6.3 Southeast Asia Safety Two Hand Control Switches Price (USD/Unit), by Type (2019-2020)
3.6.4 Sales in Southeast Asia Market, by Type (2026-2027)
3.7 South America Safety Two Hand Control Switches Market
3.7.1 Top Companies leading Safety Two Hand Control Switches Development in South America (2016-2021)
3.7.2 Sales Value of Major Company in South America Market (2016-2021)
3.7.3 South America Safety Two Hand Control Switches Price (USD/Unit), by Type (2019-2020)
3.7.4 Sales in South America Market, by Type (2026-2027)
4 Value Chain (Impact of COVID-19)
4.1 Safety Two Hand Control Switches Value Chain Analysis
4.1.1 Upstream
4.1.2 Downstream
4.2 COVID-19 Impact on Safety Two Hand Control Switches Industry
4.2.1 Industrial Policy Issued Under the Epidemic Situation
4.3 Cost-Under the Epidemic Situation
4.3.1 Cost of Raw Material
4.4 Channel Analysis
4.4.1 Distribution Channel-Under the Epidemic Situation
4.4.2 Distributors
5 Regional Market Forecast (2021-2027)
5.1 Global Safety Two Hand Control Switches Sales and Growth Rate (2021-2027)
5.2 Global Safety Two Hand Control Switches Sales Value and Growth Rate (2021-2027)
6 Safety Two Hand Control Switches Competitive Analysis
6.1 ABB
6.1.1 ABB Company Profiles
6.1.2 ABB Product Introduction
6.1.3 ABB Safety Two Hand Control Switches Production, Revenue (2016-2021)
6.1.4 SWOT Analysis
6.2 Delixi
6.2.1 Delixi Company Profiles
6.2.2 Delixi Product Introduction
6.2.3 Delixi Safety Two Hand Control Switches Production, Revenue (2016-2021)
6.2.4 SWOT Analysis
6.3 Schneider
6.3.1 Schneider Company Profiles
6.3.2 Schneider Product Introduction
6.3.3 Schneider Safety Two Hand Control Switches Production, Revenue (2016-2021)
6.3.4 SWOT Analysis
6.4 Siemens
6.4.1 Siemens Company Profiles
6.4.2 Siemens Product Introduction
6.4.3 Siemens Safety Two Hand Control Switches Production, Revenue (2016-2021)
6.4.4 SWOT Analysis
6.5 Philips
6.5.1 Philips Company Profiles
6.5.2 Philips Product Introduction
6.5.3 Philips Safety Two Hand Control Switches Production, Revenue (2016-2021)
6.5.4 SWOT Analysis
6.6 Panasonic
6.6.1 Panasonic Company Profiles
6.6.2 Panasonic Product Introduction
6.6.3 Panasonic Safety Two Hand Control Switches Production, Revenue (2016-2021)
6.6.4 SWOT Analysis
6.7 BULL
6.7.1 BULL Company Profiles
6.7.2 BULL Product Introduction
6.7.3 BULL Safety Two Hand Control Switches Production, Revenue (2016-2021)
6.7.4 SWOT Analysis
6.8 Telemecanique
6.8.1 Telemecanique Company Profiles
6.8.2 Telemecanique Product Introduction
6.8.3 Telemecanique Safety Two Hand Control Switches Production, Revenue (2016-2021)
6.8.4 SWOT Analysis
6.9 Allen Bradley
6.9.1 Allen Bradley Company Profiles
6.9.2 Allen Bradley Product Introduction
6.9.3 Allen Bradley Safety Two Hand Control Switches Production, Revenue (2016-2021)
6.9.4 SWOT Analysis
6.10 Banner
6.10.1 Banner Company Profiles
6.10.2 Banner Product Introduction
6.10.3 Banner Safety Two Hand Control Switches Production, Revenue (2016-2021)
6.10.4 SWOT Analysis
6.11 Opple
6.12 CHNT
6.13 Legrand
7 Conclusion