Pressure
Switch Market Highlights
The global pressure switch market
is estimated to expand at 4.43% CAGR during the forecast period. Pressure
switch is the form of switch which opens or closes the circuit when a certain
fluid pressure reaches on its input terminals. The designing of the pressure
switches are varied according to, make the contact either with rise in pressure
or fall in pressure. Pressure switches are widely used in industry to
automatically monitor and control the system that uses pressurized fluid.
Pressure switches are of low cost which are higher in reliability. Rising
demand for electric vehicles, increasing investments in the smart cities and
development in infrastructure are the factors attributed to the growth in
pressure switch market.
Get
Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/6823
Pressure Switches are mostly used
in industrial applications where there is operation for cold applications which
necessitates closing the switch at desired pressure level either in pressure
rise or pressure fall situation. It is also used in automation and
transportation sector which enhances the market growth.
Leading
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
Global pressure switch market has been segmented based
on type, pressure range, application, end- user, and region.
Based on type, the market is classified into
electromechanical and solid-state. electromechanical segment is dominating the
market share, mainly due to the less cost involved in setting up the system for
both, commercial and residential use.
Based on application, the market is further segmented
as off-grid and on- grid. On-grid segment dominates the market in this sector
as on-grid systems are very cost-effective, reliable and efficient.
The global pressure switch market is further segmented
based on end-user, including residential, industrial, and commercial segments.
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.
View
More Info @ https://on.mktw.net/2DwzGYM
About
Market Research Future
At Market Research Future (MRFR),
we enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment