Pressure Switch Market: Summary
The Global Pressure Switch Market is estimated to reach USD 2.48 Billion in 2024 at a CAGR of 4.2%. Continous growth in the medical field coupled increasing usage in industrial machinery. However, customized process indicators and controllers are expected to restrain the market during the forecast period. Growing demand in MSME industry and increasing demand aerospace applications is identified as an opportunity for global Market.
Pressure switches are used for open and close mechanisms at selected pressures to operate valves or other devices used in various applications. A pressure switch is usually used to detect the presence of fluid and air pressures.
Some key players in pressure switch are ABB Ltd., Eaton, The Danfoss Group, Schlumberger Limited, PARKER HANNIFIN CORP, Baumer, Honeywell International Inc., Barksdale Inc. and SMC Corporation among other.
Pressure Switch Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global pressure switch market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of type, the market is segmented into electromechanical pressure switch & solid state pressure switch.By pressure range, the global market is segmented into below 100bar, 100-400bar and above 400bar. By application, the global market is segmented into air conditioners, gas pressure, cleaning & purification, flue gas, alarm system and others. By end use industry the market is segmented into energy conservation, technology industry, manufacturing industry, automotive and others.
Pressure Switch Market: Report Scope
The report on the global market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019-2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million) Volume(Units)
Type, Pressure Range, Application, End Use Industry
Asia-Pacific, North America, Europe, Middle East & Africa, South America
- ABB Ltd. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- The Danfoss Group
- Schlumberger Limited
- PARKER HANNIFIN CORP
- Honeywell International Inc.
- Barksdale Inc.
- SMC Corporation
- Other Key Companies
Pressure Switch Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Pressure Switch Market, by Type
- Electromechanical Pressure Switch
- Solid State Pressure Switch
Pressure Switch Market, by Pressure Type
- Low- Below 100bar
- Medium- 100-400bar
- High- 400bar
Pressure Switch Market by, End Users
- Energy Conservation
- Technology Industry
- Manufacturing Industry
- Automotive Industry
Pressure Switch Market by, Region
- South Korea
- Rest of Asia-Pacific
- North America
- The Netherlands
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key players operating in the global market?
- How are the major players leveraging in the existing market conditions?
- Pressure Switch Market Providers
- Pressure Switch Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of pressure switch Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE PRESSURE SWITCH MARKET STUDY
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
2 RESEARCH DESIGN & SCOPE
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.2.1. Continuous Growth in Medical Gas Pressure & Vacuum Equipment’s
4.2.2. Increasing Use in Industrial Machinery
4.2.3. Low Cost and High Reliability
4.3.1. Customized Process Indicators and Controllers Available
4.4.1. Growing Demand in MSME Industries
4.4.2. Increasing Demand in Aerospace Applications
4.5.1. Product Specifications Required
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 PRESSURE SWITCH MARKET BY TYPE, Market Size in USD Million (2017—2024)
6.2 Electromechanical Pressure Switch
6.3 Solid State Pressure Switch
7 PRESSURE SWITCH MARKET BY PRESSURE RANGE, Market Size in USD Million (2017—2024)
7.2 Low- Below 100bar
7.3 Medium- 100-400bar
7.4 High- Above 400bar
8 PRESSURE SWITCH MARKET BY END-USE INDUSTRY, Market Size in USD Million (2017—2024)
8.2 Energy Conservation
8.3 Technology Industry
8.4 Manufacturing Industry
9 PRESSURE SWITCH MARKET BY REGION, Market Size in USD Million (2017—2024)
9.1 North America
8.2.6. The Netherlands
8.2.7. Rest of Europe
8.3.4. South Korea
8.3.6. Rest of Asia-Pacific
9.4 Middle East
8.4.1. Saudi Arabia
8.4.3. Rest of Middle East
9.5 South America
8.5.3. Rest of South America
10 COMPETITIVE LANDSCAPE
10.2 Market Ranking/Share Analysis of Key Companies
10.3 Company Benchmarking
11 COMPANY PROFILES
11.1 ABB Ltd.
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Solutions/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.3 The Danfoss Group
11.4 Schlumberger Limited
11.5 PARKER HANNIFIN CORP
11.7 Honeywell International Inc.
11.8 Barksdale Inc.
11.9 SMC Corporation
11.10 Other Key Companies
12.1 Key Industry Expert Insights
12.2 Primary Discussion Guide
12.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY