Pressure Switch Market by Type (Electromechanical, Solid State), Pressure Range (Below 100 bar, 100400 bar, Above 400 bar), Application (HVAC, Monitoring & Control, Safety & Alarm Systems, Hydraulics & Pneumatics), End-User - Global Forecast to 2023
[120 Pages report] The pressure switch market was valued at USD 1.61 billion in 2017 and is projected to reach USD 2.09 billion by 2023, at a CAGR of 4.39%, during the forecast period.
The years considered for the study are as follows:
- Base Year: 2017
- Estimated Year: 2018
- Projected Year: 2023
- Forecast Period: 20182023
The base year considered for company profiles is 2017. Whenever information was unavailable for the base year, the prior year has been considered.
Objectives of the Study
- To define and segment the pressure switch market with respect to type, pressure range, application, end-user, and region
- To provide detailed information about major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the pressure switch market with respect to individual growth trends, future expansions, and contributions to the market
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To forecast the growth of the pressure switch market with respect to the major regions (Asia Pacific, Europe, North America, Middle East & Africa, and South America)
- To strategically profile key players and comprehensively analyze their market rankings and core competencies
- To analyze competitive developments such as new product development, mergers & acquisitions, partnership & collaboration, and contracts & agreements, in the pressure switch market
Research Methodology
This research study involved the use of extensive secondary sources, directories, journals on power generation technologies, and other related rental markets; newsletters and databases such as Hoovers, Bloomberg, Businessweek, and Factiva, to identify and collect information useful for a technical, market-oriented, and commercial study of the global market of pressure switch. The primary sources include several industry experts from the core and related industries, vendors, preferred suppliers, technology developers, alliances, and organizations related to all the segments of this industrys value chain. The research methodology has been explained below.
- Study of annual revenues and market developments of major players providing pressure switches
- Analysis of the major end-users and applications of pressure switches
- Assessment of future trends and growth of the market on the basis of investments in key end-user segments such as industrial, infrastructure, oil & gas, and power generation
- Study of contracts & developments related to the market by key players across different regions
- Finalization of the overall market sizes by triangulating the supply-side data, which includes product developments, supply chains, and annual revenues of companies manufacturing pressure switches across the globe
After arriving at the overall market size, the market was split into several segments and subsegments. The figure given below illustrates the breakdown of primary interviews conducted during the research study on the basis of company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
Major players operating in the market include ABB (Switzerland), Eaton (Ireland), Danfoss (Denmark), Schlumberger (US), and Parker (US).
Target Audience:
- Automotive & transportation sector
- Component manufacturers and suppliers
- Consulting companies in power sector
- Government and power research organizations
- Industrial automation service providers
- Pressure switch suppliers and manufacturers
- Process and manufacturing industries
Scope of the Report:
- By Type
- Electromechanical
- Solid-State
- By Pressure Range
- Below 100 bar
- 100400 bar
- Above 400 bar
- By Application
- HVAC
- Monitoring & Control
- Safety & Alarm Systems
- Hydraulics & Pneumatics
- By End-User
- Automotive & transportation
- Process & Manufacturing Industry
- Commercial
- By Region
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Company Information
Detailed analyses and profiling of additional market players (up to five)
The global pressure switch market is projected to reach a market size of USD 2.09 billion by 2023, at a CAGR of 4.39%, from an estimated USD 1.69 billion in 2018. This growth can be attributed to the low cost of pressure switches coupled with their multi-functionality, increasing demand for electric vehicles, and increasing investments in the railways sector.
The report segments the pressure switch market, by type, into electromechanical and solid-state. The electromechanical segment is expected to hold the largest market share from 2018 to 2023. Increasing deployment of electromechanical pressure switches in commercial and industrial applications is likely to propel the demand in the electromechanical segment.
The pressure switch market, by pressure range, is segmented into below 100 bar, 100400 bar, and above 400 bar. The below 100 bar segment is expected to dominate the market of pressure switch from 2018 to 2023. Growth in the automotive & transportation sector is one of the key reasons behind the growth of the below 100 bar pressure switch market.
The pressure switch market is segmented into HVAC, monitoring & control, safety & alarm systems, and hydraulics & pneumatics based on application. The HVAC segment is one of the major applications of the pressure switch market. Also, this segment is expected to hold the largest market share, during the forecast period. Pressure switches help HVAC systems to operate at optimum levels and offer better maintenance, thereby driving the pressure switch market in the HVAC segment.
Based on end-user, the pressure switch market is segmented into automotive & transportation, process & manufacturing industry, and commercial. The automotive & transportation segment held the largest share in pressure switch market in 2017 and is expected to grow at the fastest CAGR from 2018 to 2023. The global automobile production has seen significant growth in last few years from 94 million units to 97 million units from 2016 to 2017. As per International Energy Agency (IEA), the annual production of electric vehicles is expected to grow from 1 million in 2015 to 5.6 million by 2020 globally. So, the rising demand of electric vehicles and increasing automobile production is driving the market of pressure switch in automotive & transportation segment.
The pressure switch market has been analyzed with respect to 5 regions, namely, North America, Europe, South America, Asia Pacific, and Middle East & Africa. The market in Asia Pacific is estimated to be the largest pressure switch market, from 2018 to 2023. Countries such as India, plan to increase their contribution toward the manufacturing sector to reach 25% by 2025. Moreover, in 2017, the automotive industry in South Korea produced approximately 3.75 million passenger car units. All such factors are expected to drive the market of pressure switch in the Asia Pacific region.
Pressure switches are not capable of sending the measured pressure valve to remote locations, thus limited monitoring capabilities can hinder the growth of the pressure switch market. The leading players in the pressure switch market include ABB (Switzerland), Eaton (Ireland), Danfoss (Denmark), Schlumberger (US), and Parker (US). Contracts & agreements is the most commonly adopted strategy by the top players. This was followed by new product launches and mergers & acquisitions.
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Table of Contents
1 Introduction (Page No. - 15)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in the Pressure Switch Market During the Forecast Period
4.2 Market, By Type
4.3 Market, By Pressure Range
4.4 Market, Application
4.5 Asia Pacific Market, By End-User vs By Country
5 Market Overview (Page No. - 35)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Pressure Switches in the Transportation Sector
5.2.1.2 Rising Focus on Process Automation
5.2.1.3 Low Cost of Pressure Switches Coupled With Their Multi-Functionality
5.2.2 Restraints
5.2.2.1 Limited Monitoring Capabilities
5.2.3 Opportunities
5.2.3.1 Rising Demand for HVAC Systems
5.2.3.2 Replacement of Mechanical Pressure Switches With Electronic Pressure Switches
5.2.4 Challenges
5.2.4.1 Presence of A Large Number of Players
6 Pressure Switch Market, By Type (Page No. - 40)
6.1 Introduction
6.2 Electromechanical
6.3 Solid-State
7 Pressure Switch Market, By Pressure Range (Page No. - 45)
7.1 Introduction
7.2 Below 100 Bar
7.3 100400 Bar
7.4 Above 400 Bar
8 Pressure Switch Market, By Application (Page No. - 50)
8.1 Introduction
8.2 HVAC
8.3 Monitoring & Control
8.4 Safety & Alarm Systems
8.5 Hydraulics & Pneumatics
9 Pressure Switch Market, By End-User (Page No. - 56)
9.1 Introduction
9.2 Automotive & Transportation
9.3 Process & Manufacturing Industry
9.4 Commercial
10 Pressure Switch Market, By Region (Page No. - 61)
10.1 Introduction
10.2 Asia Pacific
10.2.1 By Type
10.2.2 By Pressure Range
10.2.3 By Application
10.2.4 By End-User
10.2.5 By Country
10.2.5.1 China
10.2.5.2 Japan
10.2.5.3 India
10.2.5.4 South Korea
10.2.5.5 Rest of Asia Pacific
10.3 North America
10.3.1 By Type
10.3.2 By Pressure Range
10.3.3 By Application
10.3.4 By End-User
10.3.5 By Country
10.3.5.1 US
10.3.5.2 Canada
10.3.5.3 Mexico
10.4 Europe
10.4.1 By Type
10.4.2 By Pressure Range
10.4.3 By Application
10.4.4 By End-User
10.4.5 By Country
10.4.5.1 Germany
10.4.5.2 UK
10.4.5.3 France
10.4.5.4 Spain
10.4.5.5 Italy
10.4.5.6 Rest of Europe
10.5 Middle East Africa
10.5.1 By Type
10.5.2 By Pressure Range
10.5.3 By Application
10.5.4 By End-User
10.5.5 By Country
10.5.5.1 Saudi Arabia
10.5.5.2 UAE
10.5.5.3 South Africa
10.5.5.4 Rest of the Middle East & Africa
10.6 South America
10.6.1 By Type
10.6.2 By Pressure Range
10.6.3 By Application
10.6.4 By End-User
10.6.5 By Country
10.6.5.1 Brazil
10.6.5.2 Argentina
10.6.5.3 Rest of South America
11 Competitive Landscape (Page No. - 86)
11.1 Overview
11.2 Ranking of Players & Industry Concentration, 2016
11.3 Competitive Scenario
11.3.1 Contracts & Agreements
11.3.2 New Product Launches
11.3.3 Acquisitions
12 Company Profile (Page No. - 90)
(Business Overview, Products Offered, Recent Developments, MnM View)*
12.1 Competitive Benchmarking
12.2 ABB
12.3 Eaton
12.4 Danfoss
12.5 Schlumberger
12.6 Parker
12.7 Barksdale
12.8 Baumer Group
12.9 BD|Sensors
12.10 Bosch
12.11 Emerson
12.12 FOX Srl
12.13 Honeywell
12.14 Schneider
12.15 SMC Corporation
*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 114)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Introducing RT: Real Time Market Intelligence
13.4 Knowledge Store: Marketsandmarkets Subscription Portal
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details
List of Tables (65 Tables)
Table 1 Global Pressure Switch Market Snapshot
Table 2 Pressure Switch Market Size, By Type, 20152023 (USD Million)
Table 3 Electromechanical: Market Size, By Region, 20152023 (USD Million)
Table 4 Solid-State: Market Size, By Region, 20152023 (USD Million)
Table 5 Pressure Switch Market Size, By Pressure Range, 20162023 (USD Million)
Table 6 Below 100 Bar: Market Size, By Region, 20162023 (USD Million)
Table 7 100400 Bar: Market Size, By Region, 20162023 (USD Million)
Table 8 Above 400 Bar: Market Size, By Region, 20162023 (USD Million)
Table 9 Pressure Switch Market Size, By Application, 20162023 (USD Million)
Table 10 HVAC: Market Size, By Region, 20162023 (USD Million)
Table 11 Monitoring & Control: Market Size, By Region, 20162023 (USD Million)
Table 12 Safety & Alarm Systems: Market Size, By Region, 20162023 (USD Million)
Table 13 Hydraulics & Pneumatics: Market Size, By Region, 20162023 (USD Million)
Table 14 Pressure Switch Market Size, By End-User, 20162023 (USD Million)
Table 15 Automotive & Transportation: Market Size, By Region, 20162023 (USD Million)
Table 16 Process & Manufacturing Industry: Market Size, By Region, 20162023 (USD Million)
Table 17 Commercial: Market Size, By Region, 20162023 (USD Million)
Table 18 Pressure Switch Market Size, By Region, 20162023 (USD Million)
Table 19 Asia Pacific: Pressure Switch Market Size, By Type, 20162023 (USD Million)
Table 20 Asia Pacific: Market Size, By Pressure Range, 20162023 (USD Million)
Table 21 Asia Pacific: Market Size, By Application, 20162023 (USD Million)
Table 22 Asia Pacific: Market Size, By End-User, 20162023 (USD Million)
Table 23 Asia Pacific: Market Size, By Country, 20162023 (USD Million)
Table 24 China: Pressure Switch Market Size, By End-User, 20162023 (USD Million)
Table 25 Japan: Market Size, By End-User, 20162023 (USD Million)
Table 26 India: Market Size, By End-User, 20162023 (USD Million)
Table 27 South Korea: Pressure Switch Market Size, By End-User, 20162023 (USD Million)
Table 28 Rest of Asia Pacific: Market Size, By End-User, 20162023 (USD Million)
Table 29 North America: Pressure Switch Market Size, By Type, 20162023 (USD Million)
Table 30 North America: Market Size, By Pressure Range, 20162023 (USD Million)
Table 31 North America: Market Size, By Application, 20162023 (USD Million)
Table 32 North America: Market Size, By End-User, 20162023 (USD Million)
Table 33 North America: Market Size, By Country, 20162023 (USD Million)
Table 34 US: Market Size, By End-User, 20162023 (USD Million)
Table 35 Canada: Market Size, By End-User, 20162023 (USD Million)
Table 36 Mexico: Market Size, By End-User, 20162023 (USD Million)
Table 37 Europe: Pressure Switch Market Size, By Type, 20162023 (USD Million)
Table 38 Europe: Market Size, By Pressure Range, 20162023 (USD Million)
Table 39 Europe: Market Size, By Application, 20162023 (USD Million)
Table 40 Europe: Market Size, By End-User, 20162023 (USD Million)
Table 41 Europe: Market Size, By Country, 20162023 (USD Million)
Table 42 Germany: Pressure Switch Market Size, By End-User, 20162023 (USD Million)
Table 43 UK: Market Size, By End-User, 20162023 (USD Million)
Table 44 France: Market Size, By End-User, 20162023 (USD Million)
Table 45 Spain: Market Size, By End-User, 20162023 (USD Million)
Table 46 Italy: Market Size, By End-User, 20162023 (USD Million)
Table 47 Rest of Europe: Pressure Switch Market Size, By End-User, 20162023 (USD Million)
Table 48 Middle East & Africa: Market Size, By Type, 20162023 (USD Million)
Table 49 Middle East & Africa: Market Size, By Pressure Range, 20162023 (USD Million)
Table 50 Middle East & Africa: Market Size, By Application, 20162023 (USD Million)
Table 51 Middle East & Africa: Market Size, By End-User, 20162023 (USD Million)
Table 52 Middle East & Africa: Market Size, By Country, 20162023 (USD Million)
Table 53 Saudi Arabia: Pressure Switch Market Size, By End-User, 20162023 (USD Million)
Table 54 UAE: Market Size, By End-User, 20162023 (USD Million)
Table 55 South Africa: Market Size, By End-User, 20162023 (USD Million)
Table 56 Rest of the Middle East & Africa: Market Size, By End-User, 20162023 (USD Million)
Table 57 South America: Market Size, By Type, 20162023 (USD Million)
Table 58 South America: Market Size, By Pressure Range, 20162023 (USD Million)
Table 59 South America: Market Size, By Application, 20162023 (USD Million)
Table 60 South America: Market Size, By End-User, 20162023 (USD Million)
Table 61 South America: Market Size, By Country, 20162023 (USD Million)
Table 62 Brazil: Market Size, By End-User, 20162023 (USD Million)
Table 63 Argentina: Market Size, By End-User, 20162023 (USD Million)
Table 64 Rest of South America: Market Size, By End-User, 20162023 (USD Million)
Table 65 Emerson and SMC Corporation, the Most Active Players in the Market, 20152018
List of Figures (41 Figures)
Figure 1 Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Asia Pacific Held the Largest Share in the Market in 2017
Figure 8 Solid-State Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Below 100 Bar Segment Dominated the Market in 2017
Figure 10 HVAC Segment Dominated the Market From 2018 to 2023
Figure 11 Automotive & Transportation Segment is Expected to Dominate the Market From 2018 to 2023
Figure 12 Rising Focus on Process Automation is Expected to Drive the Market, 20182023
Figure 13 Electromechanical Segment Led the Market in 2017
Figure 14 Below 100 Bar Segment Led the Market in 2017
Figure 15 HVAC Segment is Estimated to Lead the Market, 20182023
Figure 16 Automotive & Transportation is Expected to Grow at the Fastest CAGR in the Forecast Period
Figure 17 China Led the Market in Asia Pacific Region in 2017
Figure 18 Pressure Switch Market: Drivers, Restraints, Opportunities, & Challenges
Figure 19 Global Automobile Production, 2014-2017
Figure 20 Solid State is Expected to Be the Fastest Growing Segment in the Market During the Forecast Period
Figure 21 Asia Pacific: the Fastest Growing Market in the Electromechanical Segment, 20182023
Figure 22 Below 100 Bar is Expected to Be the Fastest Growing Segment in Market During the Forecast Period
Figure 23 Asia Pacific: the Fastest Growing Market in the Below 100 Bar Segment, 20182023
Figure 24 HVAC Segment is Expected to Be the Largest Market During the Forecast Period
Figure 25 Asia Pacific: the Largest Market in the HVAC Segment, 20182023
Figure 26 Automotive & Transportation Segment is Expected to Be the Largest Market for Pressure Switch During the Forecast Period
Figure 27 Automotive & Transportation Segment, By Region, 2018 - 2023 (USD Million)
Figure 28 Process & Manufacturing Segment, By Region, 2018
Figure 29 Asia Pacific: Market Snapshot
Figure 30 Middle East & Africa: Market Snapshot
Figure 31 Key Developments in the Market, 20152018
Figure 32 Ranking of Key Players & Industry Concentration, 2016
Figure 33 ABB: Company Snapshot
Figure 34 Eaton: Company Snapshot
Figure 35 Danfoss: Company Snapshot
Figure 36 Schlumberger: Company Snapshot
Figure 37 Parker: Company Snapshot
Figure 38 Bosch: Company Snapshot
Figure 39 Emerson: Company Snapshot
Figure 40 Honeywell: Company Snapshot
Figure 41 Schneider: Company Snapshot
Growth opportunities and latent adjacency in Pressure Switch Market