Press release
Global Temperature And Pressure Switches Market Is Projected To Reach A Valuation Amounting To Around Us$ 4 Bn By 2030
Notable developments in the manufacturing sector across the world have opened up new frontiers. Industrial production contributes a significant share towards a country’s economic development. To enhance their growth prospects, countries are concentrating on streamlining their manufacturing sectors by introducing novel advancements. A significant advancement in this respect is the introduction of temperature and pressure switches. Various end-use industries require these switches at different stages of manufacturing processes. Sectors such as automobiles, chemical manufacturing, HVAC, and iron and steel have all led to significant growth of the temperature and pressure switches market.To Get In-depth Information View Full Report – https://www.factmr.com/report/5220/temperature-and-pressure-switches-market
According to Fact.MR, the global temperature and pressure switches market is projected to reach a valuation amounting to around US$ 4 Bn by 2030, expanding at a steady CAGR during the 2020-2030 assessment period.
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Key Takeaways from Temperature and Pressure Switches Market Report
Heightening demand for white goods to accelerate temperature and pressure switches market revenue prospects.
Pressure switches to hold immense sway by product throughout the 2020-2030 assessment decade.
HVAC industry to find maximum utilization of pressure switches, attributed to increased consumption in emerging economies.
Asia Pacific is likely to dominate the global temperature and pressure switches market, while Europe and North America to follow.
Market is not likely to be majorly affected by the COVID-19 pandemic, owing to sustained demand from marine and heating & ventilation industries.
Deepening penetration of smart devices to accelerate online marketing of temperature and pressure switches.
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Temperature and Pressure Switches Market Competitiveness
Prominent companies operating in the global temperature and pressure switches market are focusing on expanding their global outreach through portfolio expansion, strategic acquisitions, and collaborations with other players, establishment of regional distribution networks, and extension of RandD capacities.
In July 2020, ABB announced its collaboration with in order to enhance its digital solutions. This collaboration will build on ABB’s expertise in digitalized processes for the transformation of industries and Accenture’s Information and Operational Technologies (IT/OT) architecture and software development capabilities across industries.
In August 2020, Danfoss announced the launch of its highest capacity oil-free compressor known as 450-ton Turbocor® VTX, with the objective of bringing in efficiency and long-lasting performance to larger applications such as data centers, hospitals, and university campuses.
Likewise, Schneider Electric unraveled a series of completely anti-bacterial and self-disinfecting switches and sockets under its Livia product range, as a part and parcel of the “Aatmanirbhar Bharat” mission announced by the Indian government amidst the pandemic crisis.
Texas Instruments, a prominent switch manufacturer, offers a range of analog switches and multiplexes, which help maintain signal integrity across a system while reducing design complexity.
More Valuable Insights on Temperature and Pressure Switches Market
Fact.MR, in its new offering, presents an unbiased analysis of the global temperature and pressure switches market, presenting historical demand data (2014-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the basis of product (temperature switches and pressure switches), product range (temperature range and pressure switch range), price range (less than US$ 50, US$ 50-100, US$ 100-200, and more than US$ 200), application (residential and commercial and industrial), and distribution channel (online and offline), across five major regions.
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Temperature and Pressure Switches Market - Segmentation
Fact.MR’s research study assesses the global temperature and pressure switches market in terms of product, product range, price range, application, distribution channel, and region. This report presents extensive market dynamics and trends associated with different segments of the market and their influence on the growth prospects of the global temperature and pressure switches market.
Product
Temperature Switches
Liquid-filled
Bimetallic Strip
Pressure Switches
Electromechanical
Solid State
Product Range
Temperature Range (in o C)
Below 50
50-70
70-120
120-150
150-250
250-500
More than 500
Pressure Switch Range
Less than 10 Bar
10-50 Bar
More than 50 Bar
Price Range
Less than US$ 50
US$ 50-100
US$ 100-200
More than US$ 200
Application
Residential
Commercial & Industrial
HVAC
Food & Beverages
Marine
Automotive
Industrial Manufacturing
Railways
Aerospace & Defense
Oil & Gas
Others
Distribution Channel
Online
e-Commerce Websites
Company-owned Websites
Offline
Hypermarkets
Supermarkets
Direct Sales
Specialty Stores
Others
Region
North America
Europe
Asia-Pacific
Middle East & Africa
South America
Essential Takeaways from the Temperature and Pressure Switches Market Report
Comparison of prominent players operating in the Temperature and Pressure Switches Market.
Recent developments and key strategies adopted by market players.
Study of the micro and macro-economic growth indicators.
Impact of the various factors on the value chain of the Temperature and Pressure Switches Market.
Growth opportunities for emerging market players in various regional markets.
Current trends influencing the scenario of the Temperature and Pressure Switches Market.
Important queries related to the Temperature and Pressure Switches Market addressed in the report:
Who are the most prominent players in the Temperature and Pressure Switches Market?
What are the factors that are likely to hinder the growth of the Temperature and Pressure Switches Market during the forecast period (2021-2031)?
Why is the concentration of tier-1 companies high in specific region?
How are the soaring prices of raw materials impacting the demand for keyword?
Why are market players eyeing opportunities in particular region?
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