Press release
Pressure Switch Market Set to Witness Huge Growth by 2023 | ABB, Eaton, Danfoss, Schlumberger, Parker
https://www.marketsandmarkets.com/Market-Reports/pressure-switch-market-52557932.html
Rising focus on process automation and rising investments in the transportation sector are expected to drive the pressure switch market. Moreover, the low cost of pressure switches coupled with their multi-functionality has resulted in wide use of pressure switches in applications in oil & gas, chemicals, power generation, water & wastewater, and mining industries.
Browse 65 market data Tables and 41 Figures spread through 120 Pages and in-depth TOC on "Pressure Switch Market - Global Forecast to 2023"
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52557932
The electromechanical segment is expected to hold the largest share of the pressure switch market, by type, during the forecast period.
The electromechanical segment led the pressure switch market in 2017 and is projected to have the largest market share, during the forecast period. Increasing deployment of electromechanical pressure switches in commercial and industrial applications is likely to drive the demand for the electromechanical segment in the pressure switch market.
The HVAC segment of the pressure switch market, by application, is expected to grow at the highest CAGR during the forecast period.
The HVAC segment is projected to grow at the highest CAGR from 2018 to 2023. As a part of HVAC systems, equipment such as pumps, compressors, fans, air conditioners, and so on are used and pressure switches are used to control these equipment. The use of pressure switches helps HVAC systems to operate at optimum levels and improved maintenance. The companies such as Honeywell, BD | Sensors, Barksdale, and KOBO among others are involved in provision of pressure switches for HVAC applications. So, the rising demand of HVAC systems has led to highest CAGR of pressure switches in HVAC segment from 2018 to 2023.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=52557932
The automotive & transportation segment of the pressure switch market, by end-user, is expected to grow at the highest CAGR during the forecast period.
The automotive & transportation segment is projected to grow at the highest CAGR from 2018 to 2023. Pressure switches play a vital role in the automotive & transportation segment by providing monitoring and control system to various applications such as railway, marine, and roadways. For instance, in railways, pressure switches are used for brakes, horn operation, air suspension, shoe gear, and compressor control, etc. Thus, the increasing use of pressure switches for major applications in the automotive sector and increasing investments in the transportation sector is expected to drive the demand for pressure switches in the automotive & transportation sector.
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
Asia Pacific: The leading market for pressure switch
The pressure switch market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, South America, Europe, and Middle East & Africa. Asia Pacific led the global pressure switch market in 2017. China and Japan are the largest markets for pressure switches in the region. The government of China plans to enhance the investments toward process and manufacturing industries, thus creating a demand for the pressure switch market in the country. Meanwhile, Japan is one of the technologically advanced producers of automobiles, electronics, ships, and processed industries. Therefore, factors such as increasing investments toward the transportation and manufacturing sector is expected to drive the pressure switch market in the region.
Sample Copy @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=52557932
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the pressure switch market. The key players ABB (Switzerland), Eaton (Ireland), Danfoss (Denmark), Schlumberger (US), and Parker (US). The leading players are adopting various strategies to increase their shares in the pressure switch market.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pressure Switch Market Set to Witness Huge Growth by 2023 | ABB, Eaton, Danfoss, Schlumberger, Parker here
News-ID: 2196527 • Views: …
More Releases from MarketsandMarkets
Space-Based Solar Power Market Expected to reach $6.8 billion by 2040
The Space-Based Solar Power market is estimated to grow to USD 6.8 billion by 2040, from USD 4.7 billion in 2030, at a CAGR of 3.3% from 2030 to 2040. Asia Pacific is estimated to account for the largest share of the Space-Based Solar Power market in 2030. The space-based solar power market, market encompasses a range of activities, including research and development, satellite design and manufacturing, launch services, and…
Virtual Reality Market Set to Grow at the Fastest Rate- Time to Grow your Revenu …
The global virtual reality market was valued at USD 15.9 billion in 2024 and is projected to reach USD 38.0 billion by 2029; it is expected to register a CAGR of 19.1% during the forecast period. The growing penetration of the Metaverse, rapid adoption of digital technologies in healthcare and gaming & entertainment sectors, and increased investments in virtual reality market are attributed to the ever-increasing demand virtual reality devices.
Download…
With 12.5% CAGR, Electronic Skin Patch Market Growth to Surpass USD 27.0 billion
The Electronic Skin Patch market is projected to grow from USD 15.0 billion in 2024 and is projected to reach USD 27.0 billion by 2029; it is expected to grow at a CAGR of 12.5% from 2024 to 2029. The growth of the Electronic Skin Patch market is driven by growing geriatric population; surging demand for remote health monitoring solutions; and advancement in flexible electronics, sensors and wireless technologies.
Download PDF…
More Releases for HVAC
EDS's All-New HVAC Software Puts a Twist in the HVAC Industry
It's an expensive deal to keep a home warm, cool, and power rightly all the time. And it is a tedious job for the HVAC equipment providers to provide the right-sized HVAC solution without accurate heat or cooling load calculation. To address the challenges of the HVAC service providers, today, Energy Design Systems (EDS), a pioneered HVAC engineering solutions provider, has introduced EDS - a powerful HVAC software.
Today, Energy…
HVAC COMPANIES IN NIGERIA
AKPO OYEGWA REFRIGERATION COMPANY
Whether your project is a new build or you are updating an existing building. AKPO OYEGWA REFRIGERATION COMPANY is a full service commercial and industrial HVAC mechanical service contractor with office in Lagos State, Nigeria.
With in-depth industry relevant experience AKPO OYEGWA REFRIGERATION COMPANY mechanical services team specialises in offering custom solutions and installations of both commercial and industrial HVAC systems. As an expert full service HVAC contractor…
HVAC Centrifugal Compressors Market
The newly released research at Market Study Report titled “2017-2024 Global HVAC Centrifugal Compressors Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
HVAC Centrifugal Compressors Market is estimated to exceed USD 1 billion by 2024; according to a new research report.
Chillers application is expected to value over USD 700 million by 2024. Hotels, shopping malls, commercial offices and hospitals are…
Automotive HVAC Technology Market 2018 by Type(Manual HVAC Systems, Automatic HV …
Automotive HVAC Technology MARKET
The market research report on the Global Automotive HVAC Technology Market presents an in-depth information about the various aspects of the market, on both global and regional scales, which provides a better understanding of the present market landscape. The growth of the Automotive HVAC Technology market has been driven by the soaring demand for Automotive HVAC Technology in the well-established and emerging regions, current technological advancements, and the…
HVAC Company offers Quality HVAC Services in Tulsa, Ok
Tulsa, Ok – SEPTEMBER 13, 2018–Finding the right HVAC services can be difficult for anyone. You want to hire a company that is qualified and will complete the job right the first time. The company that you are looking for needs, to be honest, and trustworthy as well. They are, after all, coming to your home.
Wortman Central Air in Tulsa Oklahoma is the diverse, qualified and…
Advanced HVAC Control Market Report 2018: Segmentation by Type (Programmable HVA …
Global Advanced HVAC Control market research report provides company profile for Salus, Emerson, Ecobee, Ojelectronics, Regin, Lennox, Nest, Schneider, Honeywell, Johnson Controls, Trane, Siemens and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The…
