Pressure Switch Market 2018-2023: Recent Trends and Growth Opportunities | Profiling Players ABB Ltd., Eaton, Danfoss, Parker Hannifin Corp, Bosch Rexroth AG, Baumer, Emerson Electric Co., Schneider Electric

The global pressure switch market is expected to grow at 4.43% CAGR during the forecast period. 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 geo thermal 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. Pressure switch are 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 drives the market growth.

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Prominent 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).

Segmental Analysis:

Global pressure switch market has been segmented based on type, pressure range, application, end- user, and region.
By Type
• Electromechanical
• Solid-State

By Pressure Range
• Below 100 bar
• 100 – 400 bar
• Above 400 bar

By Application
• Heating, ventilation and air conditioning (HVAC)
• Monitoring & Control
• Safety and Alarm Systems
• Hydraulics & Pneumatics

By End-User
• Automotive & Transportation
• Process & Manufacturing Industry
• Commercial

By Regions
• North America
• Asia-Pacific
• Europe
• Rest of the World

Asia-Pacific region accounts for the largest market share followed by India and japan as the heaviest in contributing the growth.

Region wise, Asia-Pacific region held the largest market share of the global pressure switch market in 2017. It is anticipated that Asia-Pacific region will continue to dominate the market during the forecast period, mainly due to the rising application of pressure switch in industrial and commercial sector, as developing countries shows a significant growth in automation. In Asia-Pacific region countries such as India is increasing the contribution towards manufacturing sector, while South Korea is investing heavily in automotive & transportation sector which enhances the market demand for pressure switch market in the forecasted period. Owing to its reliability in operation, North America is also increasing the market due to stringent regulations by government in terms of safety measures.

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
Continued…..

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
Continued….

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