HOME Top Market Reports Pressure Switch Market by Type (Electromechanical, Solid State), Pressure Range (Below 100 bar, 100–400 bar, Above 400 bar), Application (HVAC, Monitoring & Control, Safety & Alarm Systems, Hydraulics & Pneumatics), End-User - Global Forecast to 2023

Pressure Switch Market by Type (Electromechanical, Solid State), Pressure Range (Below 100 bar, 100–400 bar, Above 400 bar), Application (HVAC, Monitoring & Control, Safety & Alarm Systems, Hydraulics & Pneumatics), End-User - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: July 2018
Report Code: EP 6436

 

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The global 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: 2018–2023

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 Hoover’s, Bloomberg, Businessweek, and Factiva, to identify and collect information useful for a technical, market-oriented, and commercial study of the global pressure switch market. 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 industry’s 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.

Pressure Switch Market

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
    • 100–400 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 client’s specific needs. The following customization options are available for this report:

Company Information

Detailed analyses and profiling of additional market players (up to five)

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
    7.3 100–400 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, 2015–2023 (USD Million)
Table 3 Electromechanical: Market Size, By Region, 2015–2023 (USD Million)
Table 4 Solid-State: Market Size, By Region, 2015–2023 (USD Million)
Table 5 Pressure Switch Market Size, By Pressure Range, 2016–2023 (USD Million)
Table 6 Below 100 Bar: Market Size, By Region, 2016–2023 (USD Million)
Table 7 100–400 Bar: Market Size, By Region, 2016–2023 (USD Million)
Table 8 Above 400 Bar: Market Size, By Region, 2016–2023 (USD Million)
Table 9 Pressure Switch Market Size, By Application, 2016–2023 (USD Million)
Table 10 HVAC: Market Size, By Region, 2016–2023 (USD Million)
Table 11 Monitoring & Control: Market Size, By Region, 2016–2023 (USD Million)
Table 12 Safety & Alarm Systems: Market Size, By Region, 2016–2023 (USD Million)
Table 13 Hydraulics & Pneumatics: Market Size, By Region, 2016–2023 (USD Million)
Table 14 Pressure Switch Market Size, By End-User, 2016–2023 (USD Million)
Table 15 Automotive & Transportation: Market Size, By Region, 2016–2023 (USD Million)
Table 16 Process & Manufacturing Industry: Market Size, By Region, 2016–2023 (USD Million)
Table 17 Commercial: Market Size, By Region, 2016–2023 (USD Million)
Table 18 Pressure Switch Market Size, By Region, 2016–2023 (USD Million)
Table 19 Asia Pacific: Pressure Switch Market Size, By Type, 2016–2023 (USD Million)
Table 20 Asia Pacific: Market Size, By Pressure Range, 2016–2023 (USD Million)
Table 21 Asia Pacific: Market Size, By Application, 2016–2023 (USD Million)
Table 22 Asia Pacific: Market Size, By End-User, 2016–2023 (USD Million)
Table 23 Asia Pacific: Market Size, By Country, 2016–2023 (USD Million)
Table 24 China: Pressure Switch Market Size, By End-User, 2016–2023 (USD Million)
Table 25 Japan: Market Size, By End-User, 2016–2023 (USD Million)
Table 26 India: Market Size, By End-User, 2016–2023 (USD Million)
Table 27 South Korea: Pressure Switch Market Size, By End-User, 2016–2023 (USD Million)
Table 28 Rest of Asia Pacific: Market Size, By End-User, 2016–2023 (USD Million)
Table 29 North America: Pressure Switch Market Size, By Type, 2016–2023 (USD Million)
Table 30 North America: Market Size, By Pressure Range, 2016–2023 (USD Million)
Table 31 North America: Market Size, By Application, 2016–2023 (USD Million)
Table 32 North America: Market Size, By End-User, 2016–2023 (USD Million)
Table 33 North America: Market Size, By Country, 2016–2023 (USD Million)
Table 34 US: Market Size, By End-User, 2016–2023 (USD Million)
Table 35 Canada: Market Size, By End-User, 2016–2023 (USD Million)
Table 36 Mexico: Market Size, By End-User, 2016–2023 (USD Million)
Table 37 Europe: Pressure Switch Market Size, By Type, 2016–2023 (USD Million)
Table 38 Europe: Market Size, By Pressure Range, 2016–2023 (USD Million)
Table 39 Europe: Market Size, By Application, 2016–2023 (USD Million)
Table 40 Europe: Market Size, By End-User, 2016–2023 (USD Million)
Table 41 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 42 Germany: Pressure Switch Market Size, By End-User, 2016–2023 (USD Million)
Table 43 UK: Market Size, By End-User, 2016–2023 (USD Million)
Table 44 France: Market Size, By End-User, 2016–2023 (USD Million)
Table 45 Spain: Market Size, By End-User, 2016–2023 (USD Million)
Table 46 Italy: Market Size, By End-User, 2016–2023 (USD Million)
Table 47 Rest of Europe: Pressure Switch Market Size, By End-User, 2016–2023 (USD Million)
Table 48 Middle East & Africa: Market Size, By Type, 2016–2023 (USD Million)
Table 49 Middle East & Africa: Market Size, By Pressure Range, 2016–2023 (USD Million)
Table 50 Middle East & Africa: Market Size, By Application, 2016–2023 (USD Million)
Table 51 Middle East & Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 52 Middle East & Africa: Market Size, By Country, 2016–2023 (USD Million)
Table 53 Saudi Arabia: Pressure Switch Market Size, By End-User, 2016–2023 (USD Million)
Table 54 UAE: Market Size, By End-User, 2016–2023 (USD Million)
Table 55 South Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 56 Rest of the Middle East & Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 57 South America: Market Size, By Type, 2016–2023 (USD Million)
Table 58 South America: Market Size, By Pressure Range, 2016–2023 (USD Million)
Table 59 South America: Market Size, By Application, 2016–2023 (USD Million)
Table 60 South America: Market Size, By End-User, 2016–2023 (USD Million)
Table 61 South America: Market Size, By Country, 2016–2023 (USD Million)
Table 62 Brazil: Market Size, By End-User, 2016–2023 (USD Million)
Table 63 Argentina: Market Size, By End-User, 2016–2023 (USD Million)
Table 64 Rest of South America: Market Size, By End-User, 2016–2023 (USD Million)
Table 65 Emerson and SMC Corporation, the Most Active Players in the Market, 2015–2018


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, 2018–2023
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, 2018–2023
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, 2018–2023
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, 2018–2023
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, 2018–2023
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, 2015–2018
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

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, 100–400 bar, and above 400 bar. The below 100 bar segment is expected to dominate the pressure switch market 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 pressure switch market 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 pressure switch market in the Asia Pacific region.

Pressure Switch Market

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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