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Automotive Oil Pressure Switches Market Size, Share & Industry Analysis, By Product Type (Normally Open Type, Normally Closed Type, Normally Open and Closed Type), By Vehicle Type (Passenger Cars and Commercial Vehicles) and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI105087 | Status : Ongoing

 

KEY MARKET INSIGHTS

The automotive oil pressure switch is a protective device for the engine. It is an oil pressure sensor. The oil pressure switch is designed to measure the veracity of the engine's lubrication system. It is mounted in the oil circuit of the engine which monitors the oil pressure and switches on or off on the warning lights or controls the oil pressure indicator. The switch is usually closed until the ignition switch is turned on, the oil pressure warning indicator lights up. Consequently, when the oil pressure drops below the decisive pressure in the engine, it is indicated on the display to the driver. Therefore, the damage to the engine can be prevented, and it also helps to extend the overall life of the vehicle. This infers that the automotive oil pressure switch is the most significant element in the vehicle for safety applications. The oil pressure switch usually involves 1-pin, 2-pin or 3-pin switches. Traditionally, the oil switches used for protection are turned off at the time of ignition to indicate low oil pressure as the engine block is grounded. Moreover, the rise in the vehicle production, owed to the continuous growth in demand, the automotive oil pressure switch market is expected grow at a faster pace during the forecast period.


Key Market Driver -

Reduction in cost of tires of vehicles is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

Fluctuation in the rates of raw materials may hinder the growth of the market during the forecast period.


Market Segmentation:


Globally, the Automotive Oil Pressure Switches market is segmented by product type, by vehicle type, and by geographic coverage. Based on product type, the market is further segmented into normally opened type, the normally closed type, and normally opened and closed type. The normally opened and closed type segment holds the largest share in the global market. At the switch of the normally open contact, when the oil pressure in the engine reaches a pre-set decisive intensity, the diaphragm moves and activates the connection of the switch, so that the links are connected together, i.e., the switch is in the closed state (switched ON). However, when the engine oil pressure reaches a pre-set decisive intensity, the switch with normally closed contacts will work in reverse mechanism, thereby deactivating the connected switch contacts, so the contacts are now opened, i.e., the switch is opened (switched OFF). The vehicle type is further segmented into passenger cars and commercial vehicles. The passenger cars segment accounts for the major share in the global market. The sales of automotive oil pressure switches directly depends on the production of vehicles and continuously increase the registration of new automobiles. Due to the unstable market economic conditions, the growth of the automotive industry has slowed down recently. Although, the manufacturing of passenger cars is further expected to increase at a rapid pace in the coming future owing to the increasing production trends in emerging economies when compared with developed economies. This development can be attributed to the growing urbanization and rise in the economic conditions of the respective regions. Also, with the continuous production of new fleet of vehicles ever year, the aftermarket of automotive oil pressure switch is also expected to witness a substantial growth during the forecast period.

Key Players:


Major players operating in the global Automotive Oil Pressure Switches market include Bitron Industrie S.p.A, Tecmark Corporation, Amphenol Advanced Sensors, Standard Motor Products, Inc., Pressure Switches, Inc., and Francisco Albero S.A.U. among others.

Key Insights



  • New Advancements in Automotive Oil Pressure Switches

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the Automotive Oil Pressure Switches market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific holds the maximum share in the global market.  Additionally, the region is also projected to grow with healthy pace and maintain its dominant position over the forecast period. The population of this region, mainly in China and India, has increased significantly, generating greater demand for automobiles every year, thus creating a lucrative demand for the automotive oil pressure switch market in this region. Also, the rapid adoption of advanced technologies by the automotive industry coupled with the rising urbanization, improvement in the living standards, and rise in the disposable income have boosted the sales and production of passenger cars in this region.  Europe holds the second largest share in the global market owing to the presence of prominent automotive manufacturers in this region. Germany is the major contributor for the high demand for automotive oil pressure switches in the European market. The market in North America is also anticipated to hold significant potential owing to the positive outlook of the automotive industry of USA and Canada.

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Segmentation






















 ATTRIBUTE

  DETAILS

By Product Type



  • Normally Open Type

  • Normally Closed Type

  • Normally Open and Closed Type



By Vehicle Type



  • Passenger Cars

  • Commercial Vehicles



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World



  • Ongoing
  • 2023
  • 2019-2022

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