Pressure switches are the switches which
opens or closes the circuit when a certain fluid pressure is achieved on its
input terminal. This switch is pressure actuated switch, which are varied
according to, make the contact either with rise in pressure or fall in
pressure. These switches are widely used in industries to automatically monitor
the system that uses pressurized fluid for controlling the circuit. Pressure
switches are of low cost which are higher in reliability and cost-effective.
These switches are dominated by wide pressure range availability. These switches
are used in verticals of industries such as Automobile, beverage, pharma,
machine tool, pulp & paper etc. However, it is estimated that there will be
a substantial growth of the pressure switch market globally mostly because of
the developing economies.
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Key
Players
The key players of the Global Pressure
Switch Market are ABB Ltd. (Switzerland), Eaton (Ireland), Danfoss (Denmark),
Parker Hannifin Corp (US), Bosch Rexroth AG (Europe), Baumer (Switzerland),
Emerson Electric Co. (US), Honeywell International Inc. (US), Schneider
Electric (France), SMC Corporation of America (US), SOR Inc. (US),
Endress+Hauser Consult AG (Switzerland) and Barksdale Inc (US).
Segmentation
Based on type, the market is segmented as
electromechanical and solid-state. Electromechanical segment is anticipated to
dominate the market during the forecast period due to increasing adoption of
electromechanical pressure switches in industrial and commercial sector.
Considering the pressure range, the market is segmented as below 100 bar, 100 –
400 bar and Above 400 bar. Below 100 bar segments is estimated to enhance the
market growth during the forecast period, due to rising application of pressure
switch in automotive, industrial and transportation sector.
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Regional
Analysis
Region wise, Asia-Pacific region held the
largest market share of the global pressure switch market in 2017. It is
anticipated that Asia-Pacific region will continue to dominate the market
during the forecast period, mainly due to the rising application of pressure
switch in industrial and commercial sector, as developing countries shows a
significant growth in automation. In Asia-Pacific region countries such as India
is increasing the contribution towards manufacturing sector, while South Korea
is investing heavily in automotive & transportation sector which enhances
the market demand for pressure switch market in the forecasted period. Owing to
its reliability in operation, North America is also increasing the market due
to stringent regulations by government in terms of safety measures.
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