Market Overview:
The global industrial pressure switches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial pressure switches from various end-use industries, such as pump and compressor monitoring, HVAC systems, and general industrial applications. In addition, the growing demand for dual-stage switches is also contributing to the growth of this market.
Product Definition:
Industrial pressure switches are devices used to detect and measure the pressure of a fluid or gas in a system. They can be used for process control, safety systems, and other applications.
Fixed Differential Switches:
Differential switches are used to control two independent power sources. These are mainly used in industrial applications where the power is distributed over several circuits and the load is represented by two or more devices. The switch “ON” position represents normal operating condition while “OFF” position represents low operating condition, which reduces current flow through certain loads when activated.
These switches find their application in various industries such as chemical, paper & pulp, oil & gas.
Adjustable Differential Switches:
An adjustable differential switch is a type of control system used to alter the flow rate of a process fluid. They are widely used in industrial pressure switches and other automation applications. ADDS operate by altering the flow rates at two or more input ports, which can be connected by tubing (known as “branch”). The result is that one port always flows more rapidly than the other, thus providing an output signal that can be used to trigger an action.
Application Insights:
Based on the application, the global industrial pressure switches market has been segmented into pump and compressor monitoring, HVAC systems, general industrial applications and others. The general industrial applications segment held a major share in 2017. This is attributed to rising demand for PLCs with features such as programmable logic controllers (PLC) that can be used in various industries such as oil & gas, chemical processing etc. Pump and compressor monitoring is anticipated to be one of the fastest-growing segments over the forecast period owing to its ability to monitor multiple parameters at once thereby providing enhanced efficiency across numerous processes within an industry plant or facility.
The use of pressure sensors enables real-time data collection from process equipment which provides operators with valuable information regarding machine status during operation thus improving overall plant reliability by reducing downtime caused by machine failure or maintenance procedures etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing industrialization, coupled with rising energy demand. Growing population and consumer disposable income levels have resulted in increased energy consumption, which is further driving the need for efficient infrastructure development. This scenario is anticipated to drive product demand across various end-use industries such as HVAC & refrigeration, water treatment, food processing & packaging among others over the next eight years.
The Asia Pacific regional market was followed by Europe that accounted for a revenue share of 22% in 2017 owing to growing industrial automation across several major economies including Germany and U.K., which are also some of the early adopters of technology worldwide’s pressure switches industry trendsetter role’ in 2016 according to IEA Energy R&D statistics).
Growth Factors:
- Increasing demand for industrial pressure switches from the process industries due to the need for accurate and reliable pressure measurements
- Growing popularity of smart pressure switches with features such as self-diagnostics, communication capabilities, and data logging that help users optimize their processes
- Proliferation of microelectromechanical systems (MEMS) technology in pressure switch manufacturing that leads to smaller, more reliable, and affordable switches
- Development of new applications for industrial pressure switches in areas such as renewable energy and oil & gas exploration that create new growth opportunities for the market
- Expansion of global production capacity by major players in response to increasing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Pressure Switches Market Research Report
By Type
Fixed Differential Switches, Adjustable Differential Switches, Dual-Stage Switches
By Application
Pump and Compressor Monitoring, HVAC Systems, General Industrial Applications
By Companies
OMEGA Engineering, Winters Instruments, Danfoss, OEM Automatic, Schneider Electric, Baumer Group, Ashcroft, OMEGA Engineering
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
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Pressure Switches Market Report Segments:
The global Industrial Pressure Switches market is segmented on the basis of:
Types
Fixed Differential Switches, Adjustable Differential Switches, Dual-Stage Switches
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
Pump and Compressor Monitoring, HVAC Systems, General Industrial Applications
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:
- OMEGA Engineering
- Winters Instruments
- Danfoss
- OEM Automatic
- Schneider Electric
- Baumer Group
- Ashcroft
- OMEGA Engineering
Highlights of The Industrial Pressure Switches 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:
- Fixed Differential Switches
- Adjustable Differential Switches
- Dual-Stage Switches
- By Application:
- Pump and Compressor Monitoring
- HVAC Systems
- General Industrial Applications
- 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 Industrial Pressure Switches 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
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- Understanding Competition Scenario
- Product & Brand Management
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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?
Industrial pressure switches are used to control the flow of liquids, gases, or other fluid substances. They are also used in manufacturing and processing plants to control the operation of machinery.
Some of the major companies in the industrial pressure switches market are OMEGA Engineering, Winters Instruments, Danfoss, OEM Automatic, Schneider Electric, Baumer Group, Ashcroft, OMEGA Engineering.
The industrial pressure switches market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Pressure Switches 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 Industrial Pressure Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Pressure Switches 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 Industrial Pressure Switches 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 Industrial Pressure Switches Market Size & Forecast, 2020-2028
4.5.1 Industrial Pressure Switches Market Size and Y-o-Y Growth
4.5.2 Industrial Pressure Switches 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 Fixed Differential Switches
5.2.2 Adjustable Differential Switches
5.2.3 Dual-Stage Switches
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 Pump and Compressor Monitoring
6.2.2 HVAC Systems
6.2.3 General Industrial Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Pressure Switches 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 Industrial Pressure Switches 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 Fixed Differential Switches
9.6.2 Adjustable Differential Switches
9.6.3 Dual-Stage Switches
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 Pump and Compressor Monitoring
9.10.2 HVAC Systems
9.10.3 General Industrial Applications
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 Fixed Differential Switches
10.6.2 Adjustable Differential Switches
10.6.3 Dual-Stage Switches
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 Pump and Compressor Monitoring
10.10.2 HVAC Systems
10.10.3 General Industrial Applications
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 Fixed Differential Switches
11.6.2 Adjustable Differential Switches
11.6.3 Dual-Stage Switches
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 Pump and Compressor Monitoring
11.10.2 HVAC Systems
11.10.3 General Industrial Applications
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 Fixed Differential Switches
12.6.2 Adjustable Differential Switches
12.6.3 Dual-Stage Switches
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 Pump and Compressor Monitoring
12.10.2 HVAC Systems
12.10.3 General Industrial Applications
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 Fixed Differential Switches
13.6.2 Adjustable Differential Switches
13.6.3 Dual-Stage Switches
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 Pump and Compressor Monitoring
13.10.2 HVAC Systems
13.10.3 General Industrial Applications
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 Industrial Pressure Switches Market: Competitive Dashboard
14.2 Global Industrial Pressure Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OMEGA Engineering
14.3.2 Winters Instruments
14.3.3 Danfoss
14.3.4 OEM Automatic
14.3.5 Schneider Electric
14.3.6 Baumer Group
14.3.7 Ashcroft
14.3.8 OMEGA Engineering
