"Actionable Insights to Fuel Your Growth"
Pressure switches are one of the most commonly used fluid control components used in numerous industry verticals for controlling operations and process optimization. The switches are essential for industrial automation to analyze, monitor, and control the deviation in the system caused by pressure rise. It not only helps to achieve superiority while operating system but also reduces the maintenance cost by acting promptly. The exponential growth in refrigeration & air conditioning, district heating & cooling, industrial automation, hydraulics & pneumatics, and automotive, among others where pressure switches play an important role. Also, the expansion of railway networks and metros across the world may fuel the demand for pressure switches. In addition to this, several countries are focussing on sustainable energy development by adopting highly advanced technology. Therefore, pressure switches may expect massive growth in the upcoming years.
Key Market Driver -
Key Market Driver – Rising demand for automation and expansion of manufacturing industries
Key Market Restraint -
Key Market Restraint – High Cost associated with pressure switches
The pressure switch market is divided into type, pressure range, application, and end-user. Type is bifurcated into the electromechanical and solid-state. The growing deployment of pressure switches in the manufacturing and processing industries is expected to offer lucrative growth for electromechanical segment. Based on the pressure range, the market is segmented as below 100 bar, 100-400 bar and above 400 bar. On the basis of application, the pressure switch is further classified into HVAC, monitoring & control, safety & alarm system, hydraulics & pneumatics, and others. Enormous installation of air conditioning units along with expansion of district cooling & heating system is expected to offer the largest market share. On the based on end-user, the market is bifurcated into the automotive, process & manufacturing industry, and the commercial sector.
Increasing demand for automation to increase productivity and reduce operational cost is projected to fuel the demand for pressure switches. Simultaneously, the expansion of manufacturing and processing industries especially automotive and aviation which requires high tech equipment.
The pressure switches are quite expensive and prone to malfunction due to fluctuating pressure of a liquid or fluid that may retard the growth of the pressure switch market.
Some of the major companies for pressure switch are ABB, Eaton, Danfoss, Parker Hannifin, Bosch Rexroth, Barksdale Inc., Emerson, Honeywell, Schneider Electric, Mamco, Nason, All Sensors Corporation, and Trafag AG.
The global pressure switch market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The expansion of industrial automation for process optimization in a wide variety of industry verticals is expected to offer a positive outlook for the growth of the pressure switch market. Growing investment in aviation & aerospace, electric vehicle, renewables, and oil & gas that require many control switches for processing operation will exhibit a profitable market for pressure switch. European countries are extensively investing in automation and process optimization. Germany, UK, Italy, France, and Russia among others are widely adopting advanced technology in manufacturing industries. Investment in district heating, renewables, manufacturing, etc. may fuel the growth of the pressure switch in Europe.
To gain extensive insights into the market, Request for Customization
The emerging economies in APAC, such as China, Japan, and India are expected to dominate the pressure market. Exponential investment in energy & power and manufacturing sector, which require numerous controlling equipment for process optimization that will drive the pressure switch market in APAC. Oil baron countries in MEA, such as Saudi Arabia, UAE, Iran, Kuwait, and Qatar among others are continuously financing E&P activities to increase the production of oil and gas. Thus, the growing investment in energy and power may boost the pressure switch market in MEA.
By Pressure Range
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry