Press release
Pressure Switch Market Predicted to Accelerate Growth by 2020- 2030
The pressure switch is a carefully designed switch that opens or closes a circuit if certain fluid pressure reaches its input terminal. These switches are used across various industries such as automobiles, pharmaceuticals, machine tools, and beverages to monitor systems without human supervision, which use pressurized fluid for controlling the circuit. They are widely adopted due to their low cost and high reliability.Access the Full Report @ https://www.alliedmarketresearch.com/pressure-switch-market-A08339
The global pressure switch market is segmented into type, pressure range, application, end user, and region. Depending on the type, the market is categorized into solid-state and electromechanical. On the basis of application, it is segregated into monitoring & control, HVAC, safety and alarm system, and hydraulics & pneumatics. By pressure range, it is fragmented into below 100 bar, 100-400 bar, and above 400 bar. As per end user, it is differentiated into automotive & transportation, commercial, and process & manufacturing industry. Regionally, the market is studied across Europe, North America, Asia-Pacific, and LAMEA.
An increase in demand for electric vehicles and a surge in automobile production have boosted the growth of the global pressure switch market. Moreover, the rise in the application of heating, ventilation, and air conditioning (HVAC) and pneumatic & hydraulics-based applications are expected to create lucrative opportunities for the market players in the coming years. However, limited monitoring capabilities hamper the market growth.
Rise in demand for pressure switches in vehicles
As pressure switches are highly reliable and available in a compact size, they are widely applicable in the automotive sector. Moreover, manufacturers have designed lightweight by incorporating a piezo-resistant sensor gauge, noise countermeasures circuits, amplifier circuits, and over-current protection circuit onto a single chip, which reduced the number of connecting parts. Thus, pressure switches are effectively used in engine control for the detection of fuel tank leaks and pressure in the exhaust system. Moreover, in electric vehicles, pressure switches are used to increase compliance with the environment through features such as gas corrosion resistance and noise resistance.
Increase in need for incorporation of pressure switches in HVAC systems
Low-pressure switch (LPS) and high-pressure switch (HPS) are widely used in refrigeration and compressor circuits. LPS that are used in refrigeration charges are helpful in preventing the evaporation coil from freezing due to low airflow over the coil. On the other hand, HPS monitors the HVAC system for restricted condenser coils and inoperative outdoor motors. Both of these circuits are instrumental in the working of HVAC. If either of these switches fails, the HVAC would shut down.
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COVID-19 scenario analysis
Falling demand in various end-use industries and social distance restrictions in manufacturing plants reduced the demand for compressors and pumps or hydraulic switches in automotive industries, which negatively impacted the market growth.
Limited production or complete shutdown in manufacturing plants leads to a decrease in demand for pressure switches in various applications, including exhaust ducts, air conditioners, dirt, and dust filter loading.
However, with the application of automation and the deployment of a limited labor force, the industry players are slowly improving the production volume, which further enhances the market demand for pressure switches in new projects.
Market Key Segments:
By Type
• Solid state
• Electromechanical
By Pressure Range
• Below 100 Bar
• 100-400 Bar
• Above 400 Bar
By Application
• Monitoring & Control
• HVAC
• Safety & Alarm System
• Hydraulics & Pneumatics
By End User
• Automotive & Transportation
• Commercial
• Process & Manufacturing Industry
By Region
• North America (US, Mexico, Canada)
• Europe (Germany, Italy, UK, Spain, France, Netherlands, Denmark, Russia, rest of Europe)
• Asia-Pacific (Australia, South Korea, China, Indonesia, Japan, Philippines, Thailand, India, rest of Asia-Pacific)
• LAMEA (Argentina, South Africa, Saudi Arabia, Turkey, Brazil, rest of LAMEA)
Key Market Players: Eaton Corporation (Ireland), ABB Ltd. (Switzerland), Parker Hannifin Corp (U.S.), Danfoss (Denmark), Baumer (Switzerland), Bosch Rexroth AG (Germany), Honeywell International Inc. (U.S.), Emerson Electric Co. (U.S.), SMC Corporation of America (U.S.), Schneider Electric (France), Endress+Hauser Consult AG (Switzerland), SOR Inc. (U.S.), Barksdale Inc. (U.S.)
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Key benefits of the report
• The study provides an in-depth analysis of the global pressure switch industry coupled with an analysis of current trends and future estimations to foresee imminent challenges and take the necessary actions consequently.
• The report includes a detailed analysis of key drivers, opportunities, and challenges, and an in-depth study of the global pressure switch market share.
• The global pressure switch market is studied to highlight the growth possibilities.
• The study includes Porter's five forces analysis that offers information about buyers & suppliers in the market.
• The report provides an analysis of the major market players active in the industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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