The Time Switches market in South Africa has experienced significant fluctuations from 2012 to 2022. Initially, the market grew modestly between 2012 and 2013. However, it then faced a declining trend from 2014 to 2017. From 2018 onwards, the market showed mixed signals with modest recovery periods interspersed with sharper declines—most notably in 2020. Year-on-year variations have been volatile, with the only substantial growth seen in 2021. The five-year compound annual growth rate (CAGR) from 2018 to 2022 stands at approximately -0.14%, indicating an overall stagnation.
Looking ahead, future trends to watch include the potential impact of technological advancements and increased energy efficiency requirements, which may drive demand for more sophisticated time switch solutions.
| # | 25 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 236,430,000 | 2023 | +3.95% | +4.27% | View data |
| 2 | 2 Germany | 110,400,000 | 2023 | -0.04% | -0.093% | View data |
| 3 | 3 Japan | 96,188,000 | 2023 | -3.77% | -4.11% | View data |
| 4 | 4 Australia | 52,062,000 | 2023 | +2.39% | +1.97% | View data |
| 5 | 5 Italy | 50,925,000 | 2023 | -16.39% | -12.3% | View data |
| 9 | 9 Israel | 20,501,000 | 2023 | +3.28% | +3.44% | View data |
| 10 | 10 Netherlands | 19,620,000 | 2023 | -0.66% | -0.39% | View data |
| 11 | 11 South Africa | 11,705,000 | 2023 | -2.37% | -1.95% | |
| 12 | 12 Greece | 10,759,000 | 2023 | -1.02% | -2.12% | View data |
| 13 | 13 Portugal | 9,719,000 | 2023 | +0.011% | +1.01% | View data |
