Pressure Switch Market Research Report: Information by Type (Electromechanical and Solid-State), Pressure Range (Below 100 bar, 100– 400 bar and Above 400 bar), Application (HVAC, Monitoring & Control, Safety and Alarm Systems, and Hydraulics & Pneumatics), End-User and Regions - Forecast till 2027
ID: MRFR/E&P/5359-HCR | February, 2021 | Region : Global
Pressure Switch Market Scenario
Pressure switch market is expected to grow at USD 2.09 Billion 4.71% CAGR during the forecast period.
The global pressure switch market is expected to witness substantial growth during the forecast period, as the systems are mainly based on renewable sources of energy. Geothermal plants also contribute to the global pressure switch market, with Europe accounting for the largest market share. Europe has over 100 geothermal stations installed, which produced about 15 TWh of electrical power in the year 2016. The installed capacity in 2016 was 2.5 GWe and is expected to reach 3 GWe by 2020. North America holds the second-largest share in the geothermal segment with over 77 installed plants and an installed capacity of 3,086 MW. The pressure switch is used in various applications including shipbuilding, hydraulics, railway, large engines, potentially hazardous areas, and water treatment. Hence, rising industrialization and rapid increase in investment for infrastructural projects drive the market growth.
Increasing investments in smart cities and the automotive industry and development in infrastructural projects increase the market growth. According to the German association of the automotive industry, there was an increase in 5.3% in sales of the automotive sector from the year 2016 to 2017. So, the rising demand for electric vehicles and increasing automobile production is driving the market of pressure switch in the automotive & transportation sector. The global pressure switch market is projected to grow at a high rate during the forecast period, mainly due to the increase in application in HVAC and hydraulics & pneumatic based applications. According to the Industrial Development Report 2018, governments around the world have encouraged industrialization by increasing the investments in industries, which further drives the growth of the global pressure switch market, globally.
The 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 the application, the market is further segmented as off-grid and on-grid. The 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. The commercial segment is estimated to register the highest growth rate during the forecast period.
The global pressure switch market is expected to grow at 4.43% CAGR during the forecast period.
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).
Market Segmentation
Pressure switches are the switches that open or close the circuit when certain fluid pressure is achieved on its input terminal. This switch is a pressure-actuated switch, which is varied according to, make the contact either with a 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 is 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 substantial growth of the pressure switch market globally mostly because of the developing economies.
Table of content
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining power of buyers
3.1.3 Bargaining power of suppliers
3.1.4 Threat of substitutes
3.1.5 Segment rivalry
3.2 Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
4.6 List of Assumptions
5 Global Pressure Switch Market, By Pressure Range
5.1 Introduction
5.2 Electro-mechanical
5.2.1 Market Estimates & Forecast, 2020-2027
5.2.2 Market Estimates & Forecast by Region, 2020-2027
6 Global Pressure Switch Market, By Pressure Range
6.1 Introduction
6.2 Below 100 bar
6.2.1 Market Estimates & Forecast, 2020-2027
6.2.2 Market Estimates & Forecast by Region, 2020-2027
6.3 100 – 400 bar
6.3.1 Market Estimates & Forecast, 2020-2027
6.3.2 Market Estimates & Forecast by Region, 2020-2027
6.4 Above 400 bar
6.4.1 Market Estimates & Forecast, 2020-2027
6.4.2 Market Estimates & Forecast by Region, 2020-2027
7 Global Pressure Switch Market, By End-User
7.1 Introduction
7.2 Heating, ventilation and air conditioning (HVAC)
7.2.1 Market Estimates & Forecast, 2020-2027
7.2.2 Market Estimates & Forecast by Region, 2020-2027
7.3 Monitoring & Control
7.3.1 Market Estimates & Forecast, 2020-2027
7.3.2 Market Estimates & Forecast by Region, 2020-2027
7.4 Safety and Alarm Systems
7.4.1 Market Estimates & Forecast, 2020-2027
7.4.2 Market Estimates & Forecast by Region, 2020-2027
7.5 Hydraulics & Pneumatics
7.5.1 Market Estimates & Forecast, 2020-2027
7.5.2 Market Estimates & Forecast by Region, 2020-2027
8 Global Pressure Switch Market, By End-User
8.1 Introduction
8.2 Automotive & Transportation
8.2.1 Market Estimates & Forecast, 2020-2027
8.2.2 Market Estimates & Forecast by Region, 2020-2027
8.3 Process & Manufacturing Industry
8.3.1 Market Estimates & Forecast, 2020-2027
8.3.2 Market Estimates & Forecast by Region, 2020-2027
8.4 Commercial
8.4.1 Market Estimates & Forecast, 2020-2027
8.4.2 Market Estimates & Forecast by Region, 2020-2027
9 Global Pressure Switch Market, By Region
9.1 Introduction
9.2 North America
9.2.1 Market Estimates & Forecast, 2020-2027
9.2.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.2.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.2.4 Market Estimates & Forecast By End-User, 2020-2027
9.2.5 Market Estimates & Forecast By End-User, 2020-2027
9.2.6 U.S.
9.2.6.1 Market Estimates & Forecast, 2020-2027
9.2.6.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.2.6.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.2.6.4 Market Estimates & Forecast By End-User, 2020-2027
9.2.6.5 Market Estimates & Forecast By End-User, 2020-2027
9.2.7 Canada
9.2.7.1 Market Estimates & Forecast, 2020-2027
9.2.7.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.2.7.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.2.7.4 Market Estimates & Forecast By End-User, 2020-2027
9.2.7.5 Market Estimates & Forecast By End-User, 2020-2027
9.3 Europe
9.3.1 Market Estimates & Forecast, 2020-2027
9.3.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.3.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.3.4 Market Estimates & Forecast By End-User, 2020-2027
9.3.5 Market Estimates & Forecast By End-User, 2020-2027
9.3.6 UK
9.3.6.1 Market Estimates & Forecast, 2020-2027
9.3.6.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.3.6.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.3.6.4 Market Estimates & Forecast By End-User, 2020-2027
9.3.6.5 Market Estimates & Forecast By End-User, 2020-2027
9.3.7 Germany
9.3.7.1 Market Estimates & Forecast, 2020-2027
9.3.7.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.3.7.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.3.7.4 Market Estimates & Forecast By End-User, 2020-2027
9.3.7.5 Market Estimates & Forecast By End-User, 2020-2027
9.3.8 France
9.3.8.1 Market Estimates & Forecast, 2020-2027
9.3.8.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.3.8.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.3.8.4 Market Estimates & Forecast By End-User, 2020-2027
9.3.8.5 Market Estimates & Forecast By End-User, 2020-2027
9.3.9 Italy
9.3.9.1 Market Estimates & Forecast, 2020-2027
9.3.9.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.3.9.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.3.9.4 Market Estimates & Forecast By End-User, 2020-2027
9.3.8.5 Market Estimates & Forecast By End-User, 2020-2027
10.3.10 Rest of Europe
10.3.10.1 Market Estimates & Forecast, 2020-2027
10.3.10.2 Market Estimates & Forecast By Pressure Range, 2020-2027
10.3.10.3 Market Estimates & Forecast By Pressure Range, 2020-2027
10.3.10.4 Market Estimates & Forecast By End-User, 2020-2027
10.3.10.5 Market Estimates & Forecast By End-User, 2020-2027
9.4 Asia-Pacific
9.4.1 Market Estimates & Forecast, 2020-2027
9.4.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.4.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.4.4 Market Estimates & Forecast By End-User, 2020-2027
9.4.5 Market Estimates & Forecast By End-User, 2020-2027
9.4.6 China
9.4.6.1 Market Estimates & Forecast, 2020-2027
9.4.6.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.4.6.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.4.6.4 Market Estimates & Forecast By End-User, 2020-2027
9.4.6.5 Market Estimates & Forecast By End-User, 2020-2027
9.4.7 Japan
9.4.7.1 Market Estimates & Forecast, 2020-2027
9.4.7.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.4.7.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.4.7.4 Market Estimates & Forecast By End-User, 2020-2027
9.4.7.5 Market Estimates & Forecast By End-User, 2020-2027
9.4.8 India
9.4.8.1 Market Estimates & Forecast, 2020-2027
9.4.8.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.4.8.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.4.8.4 Market Estimates & Forecast By End-User, 2020-2027
9.4.8.5 Market Estimates & Forecast By End-User, 2020-2027
9.4.9 Rest of Asia-Pacific
9.4.9.1 Market Estimates & Forecast, 2020-2027
9.4.9.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.4.9.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.4.9.4 Market Estimates & Forecast By End-User, 2020-2027
9.4.9.5 Market Estimates & Forecast By End-User, 2020-2027
9.5 Rest of the World
9.5.1 Market Estimates & Forecast, 2020-2027
9.5.2 Market Estimates & Forecast By Pressure Range, 2020-2027
9.5.3 Market Estimates & Forecast By Pressure Range, 2020-2027
9.5.4 Market Estimates & Forecast By End-User, 2020-2027
9.5.5 Market Estimates & Forecast By End-User, 2020-2027
10 Competitive Landscape
11 Company Profile
11.1 ABB Ltd. (Switzerland)
11.1.1 Company Overview
11.1.2 Product/Services Offering
11.1.3 Financial Overview
11.1.4 Key Developments
11.1.5 Strategy
11.1.6 SWOT Analysis
11.2 Eaton (Ireland)
11.2.1 Company Overview
11.2.2 Product /Services Offering
11.2.3 Financial Overview
11.2.4 Key Developments
11.2.5 Strategy
11.2.6 SWOT Analysis
11.3 Danfoss (Denmark)
11.3.1 Company Overview
11.3.2 Product /Services Offering
11.3.3 Financial Overview
11.3.4 Key Developments
11.3.5 Strategy
11.3.6 SWOT Analysis
11.4 Parker Hannifin Corp (US)
11.4.1 Company Overview
11.4.2 Product /Services Offering
11.4.3 Financial Overview
11.4.4 Key Developments
11.4.5 Strategy
11.4.6 SWOT Analysis
11.5 Bosch Rexroth AG (Europe)
11.5.1 Company Overview
11.5.2 Product /Services Offering
11.5.3 Financial Overview
11.5.4 Key Developments
11.5.5 Strategy
11.5.6 SWOT Analysis
11.6 Baumer (Switzerland)
11.6.1 Company Overview
11.6.2 Product /Services Offering
11.6.3 Financial Overview
11.6.4 Key Developments
11.6.5 Strategy
11.6.6 SWOT Analysis
11.7 Emerson Electric Co. (US)
11.7.1 Company Overview
11.7.2 Product /Services Offering
11.7.3 Financial Overview
11.7.4 Key Developments
11.7.5 Strategy
11.7.6 SWOT Analysis
11.8 Honeywell International Inc. (US)
11.8.1 Company Overview
11.8.2 Product /Services Offering
11.8.3 Financial Overview
11.8.4 Key Developments
11.8.5 Strategy
11.8.6 SWOT Analysis
11.9 Schneider Electric (France)
11.9.1 Company Overview
11.9.2 Product /Services Offering
11.9.3 Financial Overview
11.9.4 Key Developments
11.9.5 Strategy
11.9.6 SWOT Analysis
11.11 SMC Corporation of America (US)
11.11.1 Company Overview
11.11.2 Product /Services Offering
11.11.3 Financial Overview
11.11.4 Key Developments
11.11.5 Strategy
11.11.6 SWOT Analysis
11.11 Sor Inc. (US)
11.11.1 Company Overview
11.11.2 Product /Services Offering
11.11.3 Financial Overview
11.11.4 Key Developments
11.11.5 Strategy
11.11.6 SWOT Analysis
11.12 Endress+Hauser Consult AG (Switzerland)
11.12.1 Company Overview
11.12.2 Product /Services Offering
11.12.3 Financial Overview
11.12.4 Key Developments
11.12.5 Strategy
11.12.6 SWOT Analysis
11.13 Barksdale Inc (US)
11.13.1 Company Overview
11.13.2 Product /Services Offering
11.13.3 Financial Overview
11.13.4 Key Developments
11.13.5 Strategy
11.12.6 SWOT Analysis
List of Tables
Table 1 Global Pressure Switch Market: By Region, 2020-2027
Table 2 North America Pressure Switch Market: By Country, 2020-2027
Table 3 Europe Pressure Switch Market: By Country, 2020-2027
Table 4 Asia-Pacific Pressure Switch Market: By Country, 2020-2027
Table 5 RoW Pressure Switch Market: By Country, 2020-2027
Table 6 Global Pressure Switch Market By Type: By Regions, 2020-2027
Table 7 North America Pressure Switch Market By Type: By Country, 2020-2027
Table 8 Europe Pressure Switch Market By Type: By Country, 2020-2027
Table 9 Asia-Pacific Pressure Switch Market By Type: By Country, 2020-2027
Table 10 RoW Pressure Switch Market By Type: By Country, 2020-2027
Table 11 Global Pressure Switch Market, By Pressure Range, By Regions, 2020-2027
Table 12 North America Pressure Switch Market, By Pressure Range, By Country, 2020-2027
Table 13 Europe Pressure Switch Market, By Pressure Range, By Country, 2020-2027
Table 14 Asia-Pacific Pressure Switch Market, By Pressure Range, By Country, 2020-2027
Table 15 RoW Pressure Switch Market, By Pressure Range, By Country, 2020-2027
Table 16 Global Pressure Switch Market, By Application, By Regions, 2020-2027
Table 17 North America Pressure Switch Market, By Application, By Country, 2020-2027
Table 18 Europe Pressure Switch Market, By Application, By Country, 2020-2027
Table 19 Asia-Pacific Pressure Switch Market, By Application, By Country, 2020-2027
Table 20 RoW Pressure Switch Market, By Application, By Country, 2020-2027
Table 21 Global Pressure Switch Market, By End-User, By Regions, 2020-2027
Table 22 North America Pressure Switch Market, By End-User, By Country, 2020-2027
Table 23 Europe Pressure Switch Market, By End-User, By Country, 2020-2027
Table 24 Asia-Pacific Pressure Switch Market, By End-User, By Country, 2020-2027
Table 25 RoW Pressure Switch Market, By End-User, By Country, 2020-2027
Table 26 Global Pressure Switch Market: By Region, 2020-2027
Table 27 North America Pressure Switch Market, By Country
Table 28 North America Pressure Switch Market, By Type
Table 29 North America Pressure Switch Market, By Pressure Range
Table 30 North America Pressure Switch Market, By Application
Table 31 North America Pressure Switch Market, By End-User
Table 32 Europe: Pressure Switch Market, By Country
Table 33 Europe: Pressure Switch Market, By Type
Table 34 Europe: Pressure Switch Market, By Pressure Range
Table 35 Europe: Pressure Switch Market, By Application
Table36 Europe: Pressure Switch Market, By End-User
Table 37 Asia-Pacific: Pressure Switch Market, By Country
Table 38 Asia-Pacific: Pressure Switch Market, By Type
Table 39 Asia-Pacific: Pressure Switch Market, By Pressure Range
Table 40 Asia-Pacific: Pressure Switch Market, By Application
Table 41 Asia-Pacific: Pressure Switch Market, By End-User
Table 42 RoW: Pressure Switch Market, By Region
Table 43 RoW Pressure Switch Market, By Type
Table 44 RoW Pressure Switch Market, By Pressure Range
Table 45 RoW Pressure Switch Market, By Application
Table 46 RoW Pressure Switch Market, By End-User
List of Figures
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 SUPPLY CHAIN ANALYSIS
FIGURE 8 GLOBAL PRESSURE SWITCH MARKET SHARE, BY PRESSURE RANGE, 2020 (%)
FIGURE 9 GLOBAL PRESSURE SWITCH MARKET, BY PRESSURE RANGE, 2020-2027 (USD MILLION)
FIGURE 10 GLOBAL PRESSURE SWITCH MARKETSHARE, BY PRESSURE RANGE, 2020 (%)
FIGURE 11 GLOBAL PRESSURE SWITCH MARKET, BY PRESSURE RANGE, 2020-2027 (USD MILLION)
FIGURE 10 GLOBAL PRESSURE SWITCH MARKETSHARE, BY END-USER, 2020 (%)
FIGURE 11 GLOBAL PRESSURE SWITCH MARKET, BY END-USER, 2020-2027 (USD MILLION)
FIGURE 10 GLOBAL PRESSURE SWITCH MARKETSHARE, BY END-USER, 2020 (%)
FIGURE 11 GLOBAL PRESSURE SWITCH MARKET, BY END-USER, 2020-2027 (USD MILLION)
FIGURE 12 GLOBAL PRESSURE SWITCH MARKET SHARE (%), BY REGION, 2020
FIGURE 13 GLOBAL PRESSURE SWITCH MARKET, BY REGION, 2020-2027 (USD MILLION)
FIGURE 14 NORTH AMERICA PRESSURE SWITCH MARKETSHARE (%), 2020
FIGURE 15 NORTH AMERICA PRESSURE SWITCH MARKET BY COUNTRY, 2020-2027 (USD MILLION)
FIGURE 16 EUROPE PRESSURE SWITCH MARKETSHARE (%), 2020
FIGURE 17 EUROPE PRESSURE SWITCH MARKET BY COUNTRY, 2020-2027 (USD MILLION)
FIGURE 18 ASIA-PACIFIC PRESSURE SWITCH MARKETSHARE (%), 2020
FIGURE 19 ASIA-PACIFIC PRESSURE SWITCH MARKET BY COUNTRY, 2020-2027 (USD MILLION)
FIGURE 20 REST OF THE WORLD PRESSURE SWITCH MARKETSHARE (%), 2020
FIGURE 21 REST OF THE WORLD PRESSURE SWITCH MARKET BY COUNTRY, 2020-2027 (USD MILLION)
