Market Overview:
The global automotive pressure switch market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018–2030), according to a new study by Transparency Market Research (TMR). The growth of the market can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. In terms of type, the dual function pressure switch segment is expected to account for a major share of the global automotive pressure switch market in 2018. This segment is anticipated to expand at a CAGR of 5.5% during the forecast period. Based on application, passenger car segment is expected hold dominant position in global automotive pressure switch market during forecast period .This application segment accounted for majority share in 2017 and it will continue its dominance throughout 2030 owing rising demand from developing countries such as China, India and Brazil .
Product Definition:
An automotive pressure switch is a device used to monitor and control the pressure in a system. It is important for automotive applications as it allows the engine to run at the correct pressure, which affects performance and fuel economy.
Dual Function Pressure Switch:
Dual function pressure switch is a two-in-one device that performs both as a relief valve and pressure regulator. It can be used in applications where the normal function of a relief valve is not enough such as fuel injection systems, carburetors, and turbochargers. The dual functionality provided by these switches makes them applicable in various automotive components such as fuel injection systems, carburetors & turbochargers among others which increases its market demand significantly.
HPCO:
High-pressure Carbon Arc (HPCO) is a type of arc welding used to weld metals at high temperatures. It can be used for metal replacement as well as repair work. HPCO has higher energy than MIG and TIG, which makes it suitable to weld heavy materials like steel and aluminum.
Application Insights:
The passenger car segment held the largest share of over 60.0% in 2017. The demand for pressure switches is expected to increase in light of growing concerns regarding rollover and road accidents, which have resulted in deaths and injuries to many passengers every year. Pressure switches are designed with safety features, such as fail-safe operation without human intervention when the vehicle experiences a hard turn or impact. These automotive pressure switch market trends indicate that there is a high demand for these devices across all vehicle types, especially among premium vehicles sold mainly in European countries such as Germany, France and U.K.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The region is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing sales of passenger cars and commercial vehicles in countries such as China, India, South Korea, and Japan. Furthermore, rising disposable income coupled with government initiatives encouraging people travel by car will drive the automotive sector in this region thereby driving product demand over the forecast period.
Europe accounted for more than 25% share of global revenue in 2017 owing to stringent regulations laid down by various regulatory bodies such as EEA (European Economic Area), WLTP (Worldwide Harmonized Light Vehicle Testing Procedure) has compelled manufacturers operating within Europe's borders as well those located outside its borders but within EU jurisdiction adhere strictly thereto or face severe penalties including monetary fines levied against them by these regulatory bodies which are also known as administrative sanctions or vehicle disqualification etc.
Growth Factors:
- Increasing demand for automobiles
- Growing automotive industry
- Rising disposable income of consumers
- Technological advancements in pressure switches
- Growing awareness about the benefits of pressure switches
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Pressure Switch Market Research Report
By Type
Dual Function Pressure Switch, HPCO, Fan, Compressor Cycling
By Application
Passenger Car, Commercial Vehicle
By Companies
Tecmark, SOR, Wako Electronics, Gems Sensors & Controls, DesignFlex, Switzer Process Instruments, Omega Engineering, Pressure Switches, Ashcroft, The Henry G. Dietz, Tecmark
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Pressure Switch Market Report Segments:
The global Automotive Pressure Switch market is segmented on the basis of:
Types
Dual Function Pressure Switch, HPCO, Fan, Compressor Cycling
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tecmark
- SOR
- Wako Electronics
- Gems Sensors & Controls
- DesignFlex
- Switzer Process Instruments
- Omega Engineering
- Pressure Switches
- Ashcroft
- The Henry G. Dietz
- Tecmark
Highlights of The Automotive Pressure Switch Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dual Function Pressure Switch
- HPCO
- Fan
- Compressor Cycling
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Pressure Switch Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive pressure switch is a device that senses the pressure in a vehicle's air system and opens or closes valves to control air flow.
Some of the major players in the automotive pressure switch market are Tecmark, SOR, Wako Electronics, Gems Sensors & Controls, DesignFlex, Switzer Process Instruments, Omega Engineering, Pressure Switches, Ashcroft, The Henry G. Dietz, Tecmark.
The automotive pressure switch market is expected to grow at a compound annual growth rate of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Pressure Switch Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Pressure Switch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Pressure Switch Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Pressure Switch Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Pressure Switch Market Size & Forecast, 2020-2028
4.5.1 Automotive Pressure Switch Market Size and Y-o-Y Growth
4.5.2 Automotive Pressure Switch Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dual Function Pressure Switch
5.2.2 HPCO
5.2.3 Fan
5.2.4 Compressor Cycling
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Pressure Switch Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Pressure Switch Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dual Function Pressure Switch
9.6.2 HPCO
9.6.3 Fan
9.6.4 Compressor Cycling
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dual Function Pressure Switch
10.6.2 HPCO
10.6.3 Fan
10.6.4 Compressor Cycling
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dual Function Pressure Switch
11.6.2 HPCO
11.6.3 Fan
11.6.4 Compressor Cycling
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dual Function Pressure Switch
12.6.2 HPCO
12.6.3 Fan
12.6.4 Compressor Cycling
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dual Function Pressure Switch
13.6.2 HPCO
13.6.3 Fan
13.6.4 Compressor Cycling
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Pressure Switch Market: Competitive Dashboard
14.2 Global Automotive Pressure Switch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tecmark
14.3.2 SOR
14.3.3 Wako Electronics
14.3.4 Gems Sensors & Controls
14.3.5 DesignFlex
14.3.6 Switzer Process Instruments
14.3.7 Omega Engineering
14.3.8 Pressure Switches
14.3.9 Ashcroft
14.3.10 The Henry G. Dietz
14.3.11 Tecmark
