Pressure Switch Market by Type (Electromechanical, Solid State), Pressure Range (Below 100 bar, 100–400 bar, Above 400 bar), Application (HVAC, Monitoring & Control, Safety & Alarm Systems, Hydraulics & Pneumatics), End-User -Global Forecast to 2023

  • ID: 4590693
  • Report
  • Region: Global
  • 121 Pages
  • Markets and Markets
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The Pressure Switch Market is Projected to Reach USD 2.09 Billion by 2023, From an Estimated USD 1.69 Billion in 2018, at a CAGR of 4.39%, From 2018 to 2023

FEATURED COMPANIES

  • ABB
  • Baumer Group
  • Bosch
  • Eaton
  • FOX Srl
  • Parker
  • MORE

“The pressure switch market is projected to grow at a CAGR of 4.39%, from 2018 to 2023.”

The pressure switch market is projected to reach USD 2.09 billion by 2023, from an estimated USD 1.69 billion in 2018, at a CAGR of 4.39%, from 2018 to 2023. This growth can be attributed to the increasing demand for pressure switches in the transportation sector and the increasing focus on process automation. For instance, pressure switches are used in trains, marine, and vehicles for various monitoring and controlling operations. These major applications coupled with rising investments in the transportation sector are expected to boost the use of pressure switches in the automotive & transportation sector. Limited monitoring capabilities can restraint the growth of the pressure switch market.

“The solid-state segment is expected to be the fastest growing pressure switch market from 2018 to 2023.”

The solid-state segment is estimated to be the fastest growing segment, during the forecast period. The solid-state pressure switches are used in various applications such as white goods, medical equipment, process control, automobile, and lubricant monitoring. The solid-state pressure switches provide higher level of precision and longer life cycle, better accuracy, broad frequency response, high resistance to shock and vibration, and improved capability to handle a wide range of system pressure, thereby driving the demand for the solid-state segment in the pressure switch market.

“Asia Pacific: The fastest growing market for pressure switch.”

Asia Pacific is expected to be the largest market for pressure switches in 2023 and is projected to grow at the highest CAGR, during the forecast period. China accounted for the largest share of the pressure switch market in the Asia Pacific region in 2017. The country showed a significant growth from its manufacturing sector and had a major share of the passenger car production segment in 2017 in the region. Moreover, Chinese manufacturers plan to improve their consumer base by offering their products in various geographies, which shows a positive growth for the pressure switch market. All such factors are expected to drive the growth of the pressure switch market in Asia Pacific.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
  • By Designation: C-Level- 35%, Managers- 25%, and Others- 40%
  • By Region: North America- 45%, Europe- 20%, Asia Pacific- 27%, Middle East & Africa- 5%, and South America- 3%

Note: Others includes product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: >USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million

The leading players in the pressure switch market include ABB (Switzerland), Eaton (Ireland), Danfoss (Denmark), Schlumberger (US), and Parker (US).

Research Coverage:

The report defines, describes, and forecasts the global pressure switch market by type, pressure range, application, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the pressure switch market.

Why Buy this Report?

  • The report identifies and addresses key markets for pressure switches, which would help manufacturers review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
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FEATURED COMPANIES

  • ABB
  • Baumer Group
  • Bosch
  • Eaton
  • FOX Srl
  • Parker
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Pressure Switch Market During the Forecast Period
4.2 Market, By Type
4.3 Market, By Pressure Range
4.4 Market, Application
4.5 Asia Pacific Market, By End-User vs By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Pressure Switches in the Transportation Sector
5.2.1.2 Rising Focus on Process Automation
5.2.1.3 Low Cost of Pressure Switches Coupled With Their Multi-Functionality
5.2.2 Restraints
5.2.2.1 Limited Monitoring Capabilities
5.2.3 Opportunities
5.2.3.1 Rising Demand for HVAC Systems
5.2.3.2 Replacement of Mechanical Pressure Switches With Electronic Pressure Switches
5.2.4 Challenges
5.2.4.1 Presence of A Large Number of Players

6 Pressure Switch Market, By Type
6.1 Introduction
6.2 Electromechanical
6.3 Solid-State

7 Pressure Switch Market, By Pressure Range
7.1 Introduction
7.2 Below 100 Bar
7.3 100-400 Bar
7.4 Above 400 Bar

8 Pressure Switch Market, By Application
8.1 Introduction
8.2 HVAC
8.3 Monitoring & Control
8.4 Safety & Alarm Systems
8.5 Hydraulics & Pneumatics

9 Pressure Switch Market, By End-User
9.1 Introduction
9.2 Automotive & Transportation
9.3 Process & Manufacturing Industry
9.4 Commercial

10 Pressure Switch Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 By Type
10.2.2 By Pressure Range
10.2.3 By Application
10.2.4 By End-User
10.2.5 By Country
10.2.5.1 China
10.2.5.2 Japan
10.2.5.3 India
10.2.5.4 South Korea
10.2.5.5 Rest of Asia Pacific
10.3 North America
10.3.1 By Type
10.3.2 By Pressure Range
10.3.3 By Application
10.3.4 By End-User
10.3.5 By Country
10.3.5.1 US
10.3.5.2 Canada
10.3.5.3 Mexico
10.4 Europe
10.4.1 By Type
10.4.2 By Pressure Range
10.4.3 By Application
10.4.4 By End-User
10.4.5 By Country
10.4.5.1 Germany
10.4.5.2 UK
10.4.5.3 France
10.4.5.4 Spain
10.4.5.5 Italy
10.4.5.6 Rest of Europe
10.5 Middle East Africa
10.5.1 By Type
10.5.2 By Pressure Range
10.5.3 By Application
10.5.4 By End-User
10.5.5 By Country
10.5.5.1 Saudi Arabia
10.5.5.2 UAE
10.5.5.3 South Africa
10.5.5.4 Rest of the Middle East & Africa
10.6 South America
10.6.1 By Type
10.6.2 By Pressure Range
10.6.3 By Application
10.6.4 By End-User
10.6.5 By Country
10.6.5.1 Brazil
10.6.5.2 Argentina
10.6.5.3 Rest of South America

11 Competitive Landscape
11.1 Overview
11.2 Ranking of Players & Industry Concentration, 2016
11.3 Competitive Scenario
11.3.1 Contracts & Agreements
11.3.2 New Product Launches
11.3.3 Acquisitions

12 Company Profile
12.1 Competitive Benchmarking
12.2 ABB
12.3 Eaton
12.4 Danfoss
12.5 Schlumberger
12.6 Parker
12.7 Barksdale
12.8 Baumer Group
12.9 BD - Sensors
12.10 Bosch
12.11 Emerson
12.12 FOX Srl
12.13 Honeywell
12.14 Schneider
12.15 SMC Corporation

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Introducing RT: Real Time Market Intelligence
13.4 Knowledge Store: Subscription Portal
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables
Table 1 Global Pressure Switch Market Snapshot
Table 2 Pressure Switch Market Size, By Type, 2015-2023 (USD Million)
Table 3 Electromechanical: Market Size, By Region, 2015-2023 (USD Million)
Table 4 Solid-State: Market Size, By Region, 2015-2023 (USD Million)
Table 5 Pressure Switch Market Size, By Pressure Range, 2016-2023 (USD Million)
Table 6 Below 100 Bar: Market Size, By Region, 2016-2023 (USD Million)
Table 7 100-400 Bar: Market Size, By Region, 2016-2023 (USD Million)
Table 8 Above 400 Bar: Market Size, By Region, 2016-2023 (USD Million)
Table 9 Pressure Switch Market Size, By Application, 2016-2023 (USD Million)
Table 10 HVAC: Market Size, By Region, 2016-2023 (USD Million)
Table 11 Monitoring & Control: Market Size, By Region, 2016-2023 (USD Million)
Table 12 Safety & Alarm Systems: Market Size, By Region, 2016-2023 (USD Million)
Table 13 Hydraulics & Pneumatics: Market Size, By Region, 2016-2023 (USD Million)
Table 14 Pressure Switch Market Size, By End-User, 2016-2023 (USD Million)
Table 15 Automotive & Transportation: Market Size, By Region, 2016-2023 (USD Million)
Table 16 Process & Manufacturing Industry: Market Size, By Region, 2016-2023 (USD Million)
Table 17 Commercial: Market Size, By Region, 2016-2023 (USD Million)
Table 18 Pressure Switch Market Size, By Region, 2016-2023 (USD Million)
Table 19 Asia Pacific: Pressure Switch Market Size, By Type, 2016-2023 (USD Million)
Table 20 Asia Pacific: Market Size, By Pressure Range, 2016-2023 (USD Million)
Table 21 Asia Pacific: Market Size, By Application, 2016-2023 (USD Million)
Table 22 Asia Pacific: Market Size, By End-User, 2016-2023 (USD Million)
Table 23 Asia Pacific: Market Size, By Country, 2016-2023 (USD Million)
Table 24 China: Pressure Switch Market Size, By End-User, 2016-2023 (USD Million)
Table 25 Japan: Market Size, By End-User, 2016-2023 (USD Million)
Table 26 India: Market Size, By End-User, 2016-2023 (USD Million)
Table 27 South Korea: Pressure Switch Market Size, By End-User, 2016-2023 (USD Million)
Table 28 Rest of Asia Pacific: Market Size, By End-User, 2016-2023 (USD Million)
Table 29 North America: Pressure Switch Market Size, By Type, 2016-2023 (USD Million)
Table 30 North America: Market Size, By Pressure Range, 2016-2023 (USD Million)
Table 31 North America: Market Size, By Application, 2016-2023 (USD Million)
Table 32 North America: Market Size, By End-User, 2016-2023 (USD Million)
Table 33 North America: Market Size, By Country, 2016-2023 (USD Million)
Table 34 US: Market Size, By End-User, 2016-2023 (USD Million)
Table 35 Canada: Market Size, By End-User, 2016-2023 (USD Million)
Table 36 Mexico: Market Size, By End-User, 2016-2023 (USD Million)
Table 37 Europe: Pressure Switch Market Size, By Type, 2016-2023 (USD Million)
Table 38 Europe: Market Size, By Pressure Range, 2016-2023 (USD Million)
Table 39 Europe: Market Size, By Application, 2016-2023 (USD Million)
Table 40 Europe: Market Size, By End-User, 2016-2023 (USD Million)
Table 41 Europe: Market Size, By Country, 2016-2023 (USD Million)
Table 42 Germany: Pressure Switch Market Size, By End-User, 2016-2023 (USD Million)
Table 43 UK: Market Size, By End-User, 2016-2023 (USD Million)
Table 44 France: Market Size, By End-User, 2016-2023 (USD Million)
Table 45 Spain: Market Size, By End-User, 2016-2023 (USD Million)
Table 46 Italy: Market Size, By End-User, 2016-2023 (USD Million)
Table 47 Rest of Europe: Pressure Switch Market Size, By End-User, 2016-2023 (USD Million)
Table 48 Middle East & Africa: Market Size, By Type, 2016-2023 (USD Million)
Table 49 Middle East & Africa: Market Size, By Pressure Range, 2016-2023 (USD Million)
Table 50 Middle East & Africa: Market Size, By Application, 2016-2023 (USD Million)
Table 51 Middle East & Africa: Market Size, By End-User, 2016-2023 (USD Million)
Table 52 Middle East & Africa: Market Size, By Country, 2016-2023 (USD Million)
Table 53 Saudi Arabia: Pressure Switch Market Size, By End-User, 2016-2023 (USD Million)
Table 54 UAE: Market Size, By End-User, 2016-2023 (USD Million)
Table 55 South Africa: Market Size, By End-User, 2016-2023 (USD Million)
Table 56 Rest of the Middle East & Africa: Market Size, By End-User, 2016-2023 (USD Million)
Table 57 South America: Market Size, By Type, 2016-2023 (USD Million)
Table 58 South America: Market Size, By Pressure Range, 2016-2023 (USD Million)
Table 59 South America: Market Size, By Application, 2016-2023 (USD Million)
Table 60 South America: Market Size, By End-User, 2016-2023 (USD Million)
Table 61 South America: Market Size, By Country, 2016-2023 (USD Million)
Table 62 Brazil: Market Size, By End-User, 2016-2023 (USD Million)
Table 63 Argentina: Market Size, By End-User, 2016-2023 (USD Million)
Table 64 Rest of South America: Market Size, By End-User, 2016-2023 (USD Million)
Table 65 Emerson and SMC Corporation, the Most Active Players in the Market, 2015-2018

List of Figures
Figure 1 Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Asia Pacific Held the Largest Share in the Market in 2017
Figure 8 Solid-State Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Below 100 Bar Segment Dominated the Market in 2017
Figure 10 HVAC Segment Dominated the Market From 2018 to 2023
Figure 11 Automotive & Transportation Segment is Expected to Dominate the Market From 2018 to 2023
Figure 12 Rising Focus on Process Automation is Expected to Drive the Market, 2018-2023
Figure 13 Electromechanical Segment Led the Market in 2017
Figure 14 Below 100 Bar Segment Led the Market in 2017
Figure 15 HVAC Segment is Estimated to Lead the Market, 2018-2023
Figure 16 Automotive & Transportation is Expected to Grow at the Fastest CAGR in the Forecast Period
Figure 17 China Led the Market in Asia Pacific Region in 2017
Figure 18 Pressure Switch Market: Drivers, Restraints, Opportunities, & Challenges
Figure 19 Global Automobile Production, 2014-2017
Figure 20 Solid State is Expected to Be the Fastest Growing Segment in the Market During the Forecast Period
Figure 21 Asia Pacific: the Fastest Growing Market in the Electromechanical Segment, 2018-2023
Figure 22 Below 100 Bar is Expected to Be the Fastest Growing Segment in Market During the Forecast Period
Figure 23 Asia Pacific: the Fastest Growing Market in the Below 100 Bar Segment, 2018-2023
Figure 24 HVAC Segment is Expected to Be the Largest Market During the Forecast Period
Figure 25 Asia Pacific: the Largest Market in the HVAC Segment, 2018-2023
Figure 26 Automotive & Transportation Segment is Expected to Be the Largest Market for Pressure Switch During the Forecast Period
Figure 27 Automotive & Transportation Segment, By Region, 2018 - 2023 (USD Million)
Figure 28 Process & Manufacturing Segment, By Region, 2018
Figure 29 Asia Pacific: Market Snapshot
Figure 30 Middle East & Africa: Market Snapshot
Figure 31 Key Developments in the Market, 2015-2018
Figure 32 Ranking of Key Players & Industry Concentration, 2016
Figure 33 ABB: Company Snapshot
Figure 34 Eaton: Company Snapshot
Figure 35 Danfoss: Company Snapshot
Figure 36 Schlumberger: Company Snapshot
Figure 37 Parker: Company Snapshot
Figure 38 Bosch: Company Snapshot
Figure 39 Emerson: Company Snapshot
Figure 40 Honeywell: Company Snapshot
Figure 41 Schneider: Company Snapshot

Note: Product cover images may vary from those shown
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  • ABB
  • Barksdale
  • Baumer Group
  • BD|Sensors
  • Bosch
  • Danfoss
  • Eaton
  • Emerson
  • FOX Srl
  • Honeywell
  • Parker
  • Schlumberger
  • Schneider
  • SMC Corporation
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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