Switch Market

Switch Market by Type (Pressure, Vacuum, Temperature, Level, Flow), Technology (Electromechanical, Solid State), Application (HVAC, Monitoring & Control, Safety & Alarm Systems, Hydraulics & Pneumatics), Industry and Region − Global Forecast to 2028

Report Code: UC 5909 Jan, 2023, by marketsandmarkets.com

The switch is an electromechanical device used in industrial and manufacturing processes and is accountable for monitoring and controlling specifications such as level, temperature, pressure, flow, etc., with the ability to turn on and off when it reaches a specific limit.

The global switch market size is estimated to be USD xx billion in 2022 and is projected to reach USD xx billion by 2027, at a CAGR of xx%. The major factors driving the switch market growth are the rising emphasis on industrial automation for optimum utilization of available resources, the surging focus on real-time data analysis and predictive maintenance, and the expanding process industry. Moreover, the growing integration of Industry 4.0 technologies is expected to drive the demand for the switch market in the near future.

Switch Market

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Switch Market Dynamics

Drivers: Expanding Process Industries

The growing industrialization and rising demand for food products, beverages, and drugs globally are responsible for the growth of process industries. According to the statistics provided by the European Federation of Pharmaceutical Industries and Associations (EFPIA) (Brussels, Belgium) member associations and the Food and Agriculture Organization of the United Nations, the production of pharmaceuticals increased in 2021 and 2020 compared with 2019. The companies in these industries need standard working atmospheres, such as standard temperature and pressure during the production of food, brewed beverages, and nonalcoholic products. This factor has increased the adoption of switches in these industries. Thus, the expanding process industries are expected to fuel the demand for the switch and create growth opportunities for the market players during the review period.

Surging focus on real-time data analysis and predictive maintenance

Rapid developments in the manufacturing sector have increased the competition among manufacturing companies. Companies from different industries, such as oil & gas and food & beverage, are adopting solutions that can help them in real-time data analysis and proactive maintenance. Industrial automation technologies enable manufacturers to access plant floor data in real time, allowing them to centralize business data and multi-plant operations. Moreover, for implementing industrial automation, many devices and instruments need to be adopted to fulfill the requirements of synchronizing real-time data with performance statistics. One such device is the switch, belonging to the measurement and analytics portfolio under the industrial automation domain. The Switch can be considered a crucial entity for simplifying the measurement of process parameters for effective monitoring and control of production operations.

Challenges: Competition from players in gray market and unorganized sector

The switch market is highly fragmented, with a large number of players. These players offer their products worldwide through a robust and broad network of suppliers and distributors. However, the gray market players buy products in bulk from illegal sources and sell them at a price well below the local cost through distribution channels unauthorized by original manufacturers or trademark proprietors. Apart from gray market players, there are numerous emerging local players in the industry. Governments of emerging economies support new, small local businesses. With the rising number of local and gray market players, the competition for significant players is growing enormously.

Key Market Players

Major players operating in the market include Emerson (US), ABB (Sweden), Schneider Electric (France), Yokogawa (Japan), Endress+Hauser (Switzerland), Eaton (Ireland), Danfoss (Denmark), Schlumberger (US), Bürkert Fluid Control Systems (Germany), and Parker (US).

Recent Developments

  • In December 2021, SMC Corporation launched a modular version of the digital flow switch for large flow with integrated pressure and temperature sensors.
  • In April 2020, Danfoss introduced a new electronic liquid level switch LLS 4000. It comprises an optional SIL2 rating for enhanced reliability.


TABLE OF CONTENTS

1 Introduction 
    1.1. Study Objective
    1.2. Market Definition
           1.2.1. Inclusions and Exclusions
    1.3. Market Scope
           1.3.1. Markets Covered
           1.3.2. Geographic Scope
           1.3.3. Years considered for the study
    1.4. Currency
    1.5. Limitations
    1.6. Market Stakeholders

2 Research Methodology
    2.1. Research Data
           2.1.1. Secondary and Primary Research
           2.1.2. Secondar Data
           2.1.3. Primary Data
    2.2. Market Size Estimation
           2.2.1. Bottom-up Approach
           2.2.2. Top-down Approach
    2.3. Data Triangulation
    2.4. Research Assumptions 
    2.5. Risk Assessment

3 Executive Summary

4 Premium Insights 

5 Market Overview
    5.1. Introduction
    5.2. Market Dynamics
           5.2.1. Drivers
           5.2.2. Restraints
           5.2.3. Opportunities
           5.2.4. Challenges
    5.3. Value Chain Analysis
    5.4. Ecosystem
    5.5. Pricing Analysis
           5.5.1. Average Selling Prices (ASP) of Key Players
           5.5.2. Average Selling Prices (ASP) Trend
    5.6. Trends/Disruptions Impacting Customers
    5.7. Technology Analysis
    5.8. Porter’s Five Forces Analysis
    5.9. Key Stakeholders & Buying Criteria
           5.9.1. Key Stakeholders in Buying Process
           5.9.2. Buying Criteria
    5.10. Case Study
    5.11. Trade Analysis
    5.12. Patents Analysis
    5.13. Key Conferences & Events
    5.14. Tariff and Regulatory Landscape
           5.14.1. Regulatory Bodies, Government Agencies, and Other Organizations
           5.14.2. Regulations and Standards

6 Switch Market, By Type
    6.1. Introduction
    6.2. Pressure Switch
    6.3. Differential Pressure Switch
    6.4. Vacuum Switch
    6.5. Temperature Switch
    6.6. Level Switch
    6.7. Flow Switch

7 Pressure Switch Market, By Pressure Range
    7.1. Introduction
    7.2. Pressure Switch
           7.2.1. Below 100 Bar
           7.2.2. 100400 Bar
           7.2.3. Above 400 Bar

8 Switch Market, By Technology
    8.1. Introduction
    8.2. Electromechanical
    8.3. Solid-state

9 Switch Market, By Application
    9.1. Introduction
    9.2. HVAC
    9.3. Monitoring & Control
    9.4. Safety & Alarm Systems
    9.5. Hydraulics & Pneumatics

10 Switch Market, By Industry
     10.1. Introduction
     10.2. Oil & Gas
     10.3. Food & Beverages
     10.4. Pharmaceuticals
     10.5. Chemicals
     10.6. Energy & Power
     10.7. Metals & Mining
     10.8. Pulp & Paper
     10.9. Water & Wastewater
     10.10. Machine Manufacturing
     10.11. Others

11 Switch Market, By Region
     11.1. Introduction
     11.2. North America
             11.2.1. US
             11.2.2. Canada
             11.2.3. Mexico
     11.3. Europe
             11.3.1. Germany
             11.3.2. UK
             11.3.3.  France
             11.3.4. Spain
             11.3.5. Italy
             11.3.6. Rest of Europe
     11.4. APAC
             11.4.1. China
             11.4.2. Japan
             11.4.3. India
             11.4.4. South Korea
             11.4.5. Rest of APAC
     11.5. RoW
             11.5.1. Middle East & Africa
             11.5.2. South America

12 Competitive Landscape
     12.1. Introduction
     12.2. Key Player Strategies/ Right to Win
     12.3. Top 5 Company Revenue Analysis
     12.4. Market Share Analysis
     12.5. Company Evaluation Quadrant
             12.5.1. Star
             12.5.2. Emerging Leader
             12.5.3. Pervasive
             12.5.4. Participant
     12.6. Startup/SME Evaluation Matrix
             12.6.1. Progressive Companies
             12.6.2. Responsive Companies
             12.6.3. Dynamic Companies
             12.6.4. Starting Blocks
     12.7. Switch Market: Company Footprint
     12.8. Competitive Benchmarking
     12.9. Competitive Situation and Trends

13 Company Profiles
     13.1. Introduction
     13.2. Key Players
             13.2.1. ABB
             13.2.2. Danfoss
             13.2.3. Schlumberger
             13.2.4. Parker-Hannifin
             13.2.5. Barksdale
             13.2.6. Baumer Group
             13.2.7. BD|Sensors
             13.2.8. BOSCH
             13.2.9. Emerson
             13.2.10. FOX Srl
             13.2.11. Honeywell
             13.2.12. Schneider
             13.2.13. SMC Corporation
             13.2.14. Endress+Hauser
             13.2.15. Eaton
     13.3. Other Key Players
             13.3.1. Mamco
             13.3.2. Sor Inc.
             13.3.3. Nason
             13.3.4. All Sensors Corporation
             13.3.5. Trafag AG
             13.3.6. WIKA
             13.3.7. Huba Control
             13.3.8. IMI Precision Engineering
             13.3.9. NOSHOK
             13.3.10. Texas Instruments

14 Adjacent Market

15 Appendix
             
Note: The above-mentioned table of content is tentative, and we may change the content once we start working on the study. 
             


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