Market Overview:
The global limit switch market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for compact/precision limit switches, hazardous location limit switches, and heavy-duty limit switches across different applications. Additionally, the growing industrialization and urbanization in developing countries are also contributing to the growth of this market. On the basis of type, the global limit switch market is segmented into compact/precisionlimit switches, hazardous locationlimit switches, and heavy-dutylimitswitches.
Product Definition:
A limit switch is a device that can be used to detect when a particular point has been reached, and then send a signal to tell the system to stop. This can be helpful in preventing damage or accidents.
Compact/Precision Limit Switches:
Compact/Precision limit switches are used to implement safety measures in hazardous environments. They are compact and precise electronic devices that perform optimally in extreme conditions. These switches have applications across several industries including chemical, oil & gas, power generation, aerospace & defense and mining among others. The market for compact/precision limit switch is expected to witness significant growth over the forecast period owing to its increasing demand across several industries as mentioned above.
Hazardous Location Limit Switches:
HLLS is a device used to protect personnel from hazards that may be present on the factory floor. It helps in reducing the risk of accidental injury or death by triggering an alarm if the user approaches a hazardous area. The product has gained wide acceptance across various industries including oil & gas, chemical, power generation and others owing to its ability to reduce workplace accidents and fatalities at hazardous locations.
Application Insights:
The machine tools and other production machinery segment is expected to emerge as the fastest-growing application, registering a CAGR of XX% over the forecast period. The growth can be attributed to the increasing demand for limit switches in industrial applications such as automated manufacturing lines and material handling systems.
The computer printer segment is also estimated to witness significant growth over the coming years owing to its ability to print multiple pages with less ink usage per page, resulting in lower printing costs and higher efficiency. This has resulted in increased use of computers across offices and business establishments, which will drive demand for limit switches over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for global limit switches over the forecast period. The growth of this region can be attributed to increasing foreign investments in countries such as China, India, and Japan. For instance, according to a 2017 United Nations Conference on Trade and Development (UNCTAD) publication, Foreign Direct Investments (FDI) inflows in Asia Pacific increased from USD X billion in 2015 to USD X billion in 2016. Moreover, rising industrialization coupled with growing demand for automation across various industries is anticipated to drive regional growth over the coming years.
The European market accounted for a significant share of global revenue owing to high product adoption rates especially across several manufacturing industries due largelyto its highly developed infrastructure system that facilitates smooth distribution among end users along with its well-established logistics network throughout Europe and overseas territories including North America and Africa.
Growth Factors:
- Increasing demand from the end-use industries
- Growing awareness about the benefits of using limit switches
- Rising demand for automation in various industrial applications
- Technological advancements in limit switch products and features
- Growing popularity of smart sensors and wireless technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Limit Switch Market Research Report
By Type
Compact/Precision Limit Switches, Hazardous Location Limit Switches, Heavy-Duty Limit Switches
By Application
Computer Printer, Household Electric Appliances, Machine Tools and Other Production Machinery, Other
By Companies
Schneider Electric, Eaton, ABB, Siemens, Honeywell, Fuji, Mitsumi, Stryker, SUNS International, TER(Tecno Elettrica Ravasi), LG, Microprecision, DELIXI, Linemaster, Marquardt, OMRON, Schmersal, Tengen, TURCK
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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Limit Switch Market Report Segments:
The global Limit Switch market is segmented on the basis of:
Types
Compact/Precision Limit Switches, Hazardous Location Limit Switches, Heavy-Duty Limit 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
Computer Printer, Household Electric Appliances, Machine Tools and Other Production Machinery, Other
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:
- Schneider Electric
- Eaton
- ABB
- Siemens
- Honeywell
- Fuji
- Mitsumi
- Stryker
- SUNS International
- TER(Tecno Elettrica Ravasi)
- LG
- Microprecision
- DELIXI
- Linemaster
- Marquardt
- OMRON
- Schmersal
- Tengen
- TURCK
Highlights of The Limit 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:
- Compact/Precision Limit Switches
- Hazardous Location Limit Switches
- Heavy-Duty Limit Switches
- By Application:
- Computer Printer
- Household Electric Appliances
- Machine Tools and Other Production Machinery
- Other
- 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 Limit 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
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- 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?
A limit switch is a safety device that interrupts power to an electrical system when a certain amount of pressure is applied.
Some of the major companies in the limit switch market are Schneider Electric, Eaton, ABB, Siemens, Honeywell, Fuji, Mitsumi, Stryker, SUNS International, TER(Tecno Elettrica Ravasi), LG, Microprecision, DELIXI, Linemaster, Marquardt, OMRON, Schmersal, Tengen, TURCK.
The limit switch market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Limit 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 Limit Switch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Limit 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 Limit 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 Limit Switch Market Size & Forecast, 2020-2028
4.5.1 Limit Switch Market Size and Y-o-Y Growth
4.5.2 Limit 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 Compact/Precision Limit Switches
5.2.2 Hazardous Location Limit Switches
5.2.3 Heavy-Duty Limit 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 Computer Printer
6.2.2 Household Electric Appliances
6.2.3 Machine Tools and Other Production Machinery
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Limit 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 Limit 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 Compact/Precision Limit Switches
9.6.2 Hazardous Location Limit Switches
9.6.3 Heavy-Duty Limit 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 Computer Printer
9.10.2 Household Electric Appliances
9.10.3 Machine Tools and Other Production Machinery
9.10.4 Other
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 Compact/Precision Limit Switches
10.6.2 Hazardous Location Limit Switches
10.6.3 Heavy-Duty Limit 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 Computer Printer
10.10.2 Household Electric Appliances
10.10.3 Machine Tools and Other Production Machinery
10.10.4 Other
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 Compact/Precision Limit Switches
11.6.2 Hazardous Location Limit Switches
11.6.3 Heavy-Duty Limit 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 Computer Printer
11.10.2 Household Electric Appliances
11.10.3 Machine Tools and Other Production Machinery
11.10.4 Other
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 Compact/Precision Limit Switches
12.6.2 Hazardous Location Limit Switches
12.6.3 Heavy-Duty Limit 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 Computer Printer
12.10.2 Household Electric Appliances
12.10.3 Machine Tools and Other Production Machinery
12.10.4 Other
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 Compact/Precision Limit Switches
13.6.2 Hazardous Location Limit Switches
13.6.3 Heavy-Duty Limit 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 Computer Printer
13.10.2 Household Electric Appliances
13.10.3 Machine Tools and Other Production Machinery
13.10.4 Other
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 Limit Switch Market: Competitive Dashboard
14.2 Global Limit Switch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 Eaton
14.3.3 ABB
14.3.4 Siemens
14.3.5 Honeywell
14.3.6 Fuji
14.3.7 Mitsumi
14.3.8 Stryker
14.3.9 SUNS International
14.3.10 TER(Tecno Elettrica Ravasi)
14.3.11 LG
14.3.12 Microprecision
14.3.13 DELIXI
14.3.14 Linemaster
14.3.15 Marquardt
14.3.16 OMRON
14.3.17 Schmersal
14.3.18 Tengen
14.3.19 TURCK
