Global Pressure Switches Market to Reach $2.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Pressure Switches estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2027, growing at a CAGR of 2.9% over the period 2020-2027. Electromechanical, one of the segments analyzed in the report, is projected to record 3.2% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solid-State segment is readjusted to a revised 2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $478.1 Million, While China is Forecast to Grow at 5.5% CAGR
The Pressure Switches market in the U.S. is estimated at US$478.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$443.3 Million by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.
Select Competitors (Total 46 Featured):
Amid the COVID-19 crisis, the global market for Pressure Switches estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2027, growing at a CAGR of 2.9% over the period 2020-2027. Electromechanical, one of the segments analyzed in the report, is projected to record 3.2% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solid-State segment is readjusted to a revised 2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $478.1 Million, While China is Forecast to Grow at 5.5% CAGR
The Pressure Switches market in the U.S. is estimated at US$478.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$443.3 Million by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.
Select Competitors (Total 46 Featured):
- ABB Group
- Barksdale Capital Corporation
- Baumer Group
- BD Sensors GmbH
- Danfoss A/S
- Eaton Corporation PLC
- Emerson Electric Co.
- Fox Srl
- Honeywell International, Inc.
- Parker Hannifin Corporation
- Robert Bosch GmbH
- Schlumberger Ltd.
- Schneider Electric SA
- SMC Corporation
Frequently Asked Questions about the Global Market for Pressure Switches
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I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
1. MARKET OVERVIEW
III. MARKET ANALYSIS
IV. COMPETITION
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