Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*
Pressure Switch Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
| A08339 | Pages: NA | Feb 2021 | 31 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Pressure Switch Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Request Now !Pressure switch is a carefully designed switch that opens or closes a circuit if certain fluid pressure reaches its input terminal. These switches are used across various industries such as automobile, pharmaceuticals, machine tools, and beverages to monitor systems without human supervision, which uses pressurized fluid for controlling the circuit. They are widely adopted due to their low cost and high reliability.
The global pressure switch market is segmented into type, pressure range, application, end user, and region. Depending on type, the market is categorized into solid state and electromechanical. On the basis of application, it is segregated into monitoring & control, HVAC, safety and alarm system, and hydraulics & pneumatics. By pressure range, it is fragmented into below 100 bar, 100–400 bar, and above 400 bar. As per end user, it is differentiated into automotive & transportation, commercial, and process & manufacturing industry. Regionally, the market is studied across Europe, North America, Asia-Pacific, and LAMEA.
The key players operating in the global pressure switch market include Eaton Corporation (Ireland), ABB Ltd. (Switzerland), Parker Hannifin Corp (U.S.), Danfoss (Denmark), Baumer (Switzerland), Bosch Rexroth AG (Germany), Honeywell International Inc. (U.S.), Emerson Electric Co. (U.S.), SMC Corporation of America (U.S.), Schneider Electric (France), Endress+Hauser Consult AG (Switzerland), SOR Inc. (U.S.), and Barksdale Inc. (U.S.).
Increase in demand for electric vehicles and surge in automobile production have boosted the growth of the global pressure switch market. Moreover, rise in application of heating, ventilation, and air conditioning (HVAC) and pneumatic & hydraulics-based applications are expected to create lucrative opportunities for the market players in the coming years. However, limited monitoring capabilities hamper the market growth.
Rise in demand for pressure switches in vehicles
As pressure switches are highly reliable and available in a compact size, they are widely applicable in the automotive sector. Moreover, manufactures have designed lightweight by incorporating a piezo-resistant sensor gauge, noise counter measures circuits, amplifier circuit, and over current protection circuit onto a single chip, which reduced the number of connecting parts. Thus, pressure switches are effectively used in engine control for the detection of fuel tank leaks and pressure in the exhaust system. Moreover, in electric vehicles, pressure switches are used to increase compliance with the environment through features such as gas corrosion resistance and noise resistance.
Increase in need for incorporation of pressure switches in HVAC systems
Low pressure switch (LPS) and high pressure switch (HPS) are widely used in refrigeration and compressor circuit. LPS that are used in refrigeration charge are helpful in preventing the evaporation coil from freezing due to low airflow over the coil. On the other hand, HPS monitors the HVAC system for restricted condenser coil and inoperative outdoor motor. Both of these circuits are instrumental for the working of HVAC. If either of these switches fails, HVAC would shut down.
COVID-19 scenario analysis
Falling demand in various end-use industries and social distance restrictions in manufacturing plants reduced the demand for compressors and pumps or hydraulic switches in automotive industries, which negatively impacted the market growth.
Limited production or complete shutdown in manufacturing plants lead to decrease in demand for pressure switches in various applications, including exhaust ducts, air conditioners, dirt, and dust filter loading.
However, with the application of automation and deployment of limited labour force, the industry players are slowly improving the production volume, which further enhance the market demand for pressure switches in new projects.
Key benefits of the report
- The study provides an in-depth analysis of the global pressure switch industry coupled with analysis about current trends and future estimations to foresee imminent challenges and take the necessary actions consequently.
- The report includes a detailed analysis of key drivers, opportunities, and challenges, and an in-depth study of the global pressure switch market share.
- The global pressure switch market is studied from 2020 to 2027 to highlight the growth possibilities.
- The study includes Porter’s five forces analysis that offers information about buyers & suppliers in the market.
- The report provides analysis of the major market players active in the industry.
Scope of the report
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Type, Application, Pressure Range, End User, and Region |
Regions covered | North America (the U.S., Mexico, and Canada), Europe (Germany, Italy, UK, Spain, France, Netherlands, Denmark, Russia, and the Rest of Europe), Asia-Pacific (Australia, South Korea, China, Indonesia, Japan, Philippines, Thailand, India, and the Rest of Asia Pacific), and LAMEA (Argentina, South Africa, Saudi Arabia, Turkey, Brazil, and Rest of LAMEA) |
Companies covered | Eaton Corporation (Ireland), ABB Ltd. (Switzerland), Parker Hannifin Corp (U.S.), Danfoss (Denmark), Baumer (Switzerland), Bosch Rexroth AG (Germany), Honeywell International Inc. (U.S.), Emerson Electric Co. (U.S.), SMC Corporation of America (U.S.), Schneider Electric (France), Endress+Hauser Consult AG (Switzerland), SOR Inc. (U.S.), and Barksdale Inc. (U.S.) |
Key segments covered
Segment | Subsegment |
Type |
|
Pressure Range |
|
Application |
|
End User |
|
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Pressure Switch Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers