Market Overview:
The global limit switches 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. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
A limit switch is a type of electrical switch that is used to control machinery by detecting the position or motion of an object. The limit switch will either open or close an electrical circuit when it detects that the object has reached a certain point. This can be helpful in preventing damage to equipment or ensuring that it operates only within certain parameters.
Compact/Precision Limit Switches:
Compact/Precision limit switches are used to set or adjust the precise limit values of a machine. These switches are mainly used in industrial applications such as material handling, packaging machines, assembly lines and other process industries. Compact/Precision switch is an electronic device that performs two basic functions; it either opens a circuit or prevents the current from flowing through depending upon its position and setting.
Hazardous Location Limit Switches:
HLLS is a safety device used to protect personnel and equipment from electric shock hazards. They are available in various forms such as push button, rocker, and lever switches. These devices limit the current flow through an electrical connection when the input voltage is greater than or equal to 7.2V DC and less than or equal to 24V AC (Reverse Polarity).
Application Insights:
The machine tools and other production machinery application segment led the global limit switches market in 2017. This is attributed to the growing demand for industrial robots across various industries worldwide. The increasing use of these machines leads to increased requirement of limit switches, which is anticipated to fuel product demand over the forecast period.
Household electric appliances are expected to be one of the fastest-growing applications over the forecast period owing to rising disposable income and changing consumer lifestyle, especially in emerging markets such as China, India, Brazil and Mexico. In addition, a rapidly growing population coupled with improved standard of living has resulted in an increased number of households owning refrigerators or air conditioners globally since past few decades. This trend is projected to continue over next few years as well driving product demand further upsurge from 2018 till 2030.
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 industrialization and rising demand for various types of machinery in countries such as China, India, Japan, and South Korea. Moreover, growing automation across numerous industries will drive the demand further. For instance: In November 2017; Panasonic Corporation announced its plan to invest around USD X billion by 2020 in India's electrical & electronics sector which includes manufacturing consumer appliances including refrigerators and washing machines.
The European market accounted for a share of more than 20% in terms of revenue in 2017 owing to high production volumes associated with computer printers.
Growth Factors:
- Increasing demand from the automotive industry for limit switches in safety-critical applications
- Growing demand for limit switches in the packaging and printing industries
- Rising adoption of limit switches in renewable energy applications
- Increasing demand from the oil and gas industry for high-performance limit switches
- Proliferation of Internet of Things (IoT) and smart factories, which is expected to drive the growth of the global Limit Switches market
Scope Of The Report
Report Attributes
Report Details
Report Title
Limit Switches 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, Linemaster, Marquardt, OMRON, Schmersal, SUNS International, TER(Tecno Elettrica Ravasi), LG, Microprecision, DELIXI, 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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Limit Switches Market Report Segments:
The global Limit Switches 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
- Linemaster
- Marquardt
- OMRON
- Schmersal
- SUNS International
- TER(Tecno Elettrica Ravasi)
- LG
- Microprecision
- DELIXI
- Tengen
- TURCK
Highlights of The Limit 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:
- 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 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.
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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?
Limit switches are a type of switch that can be used to limit the flow of electricity in a circuit. When activated, they interrupt the flow of electricity and protect equipment from being damaged.
Some of the major players in the limit switches market are Schneider Electric, Eaton, ABB, Siemens, Honeywell, Fuji, Mitsumi, Stryker, Linemaster, Marquardt, OMRON, Schmersal, SUNS International, TER(Tecno Elettrica Ravasi), LG, Microprecision, DELIXI, Tengen, TURCK.
The limit switches market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Limit Switches Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Limit Switches Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Limit Switches Market - Supply Chain
4.5. Global Limit Switches Market Forecast
4.5.1. Limit Switches Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Limit Switches Market Size (000 Units) and Y-o-Y Growth
4.5.3. Limit Switches Market Absolute $ Opportunity
5. Global Limit Switches Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Limit Switches Market Size and Volume Forecast by Type
5.3.1. Compact/Precision Limit Switches
5.3.2. Hazardous Location Limit Switches
5.3.3. Heavy-Duty Limit Switches
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Limit Switches Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Limit Switches Market Size and Volume Forecast by Application
6.3.1. Computer Printer
6.3.2. Household Electric Appliances
6.3.3. Machine Tools and Other Production Machinery
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Limit Switches Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Limit Switches Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Limit Switches Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Limit Switches Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Limit Switches Demand Share Forecast, 2019-2026
9. North America Limit Switches Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Limit Switches Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Limit Switches Market Size and Volume Forecast by Application
9.4.1. Computer Printer
9.4.2. Household Electric Appliances
9.4.3. Machine Tools and Other Production Machinery
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Limit Switches Market Size and Volume Forecast by Type
9.7.1. Compact/Precision Limit Switches
9.7.2. Hazardous Location Limit Switches
9.7.3. Heavy-Duty Limit Switches
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Limit Switches Demand Share Forecast, 2019-2026
10. Latin America Limit Switches Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Limit Switches Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Limit Switches Market Size and Volume Forecast by Application
10.4.1. Computer Printer
10.4.2. Household Electric Appliances
10.4.3. Machine Tools and Other Production Machinery
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Limit Switches Market Size and Volume Forecast by Type
10.7.1. Compact/Precision Limit Switches
10.7.2. Hazardous Location Limit Switches
10.7.3. Heavy-Duty Limit Switches
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Limit Switches Demand Share Forecast, 2019-2026
11. Europe Limit Switches Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Limit Switches Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Limit Switches Market Size and Volume Forecast by Application
11.4.1. Computer Printer
11.4.2. Household Electric Appliances
11.4.3. Machine Tools and Other Production Machinery
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Limit Switches Market Size and Volume Forecast by Type
11.7.1. Compact/Precision Limit Switches
11.7.2. Hazardous Location Limit Switches
11.7.3. Heavy-Duy Limit Switches
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Limit Switches Demand Share, 2019-2026
12. Asia Pacific Limit Switches Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Limit Switches Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Limit Switches Market Size and Volume Forecast by Application
12.4.1. Computer Printer
12.4.2. Household Electric Appliances
12.4.3. Machine Tools and Other Production Machinery
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Limit Switches Market Size and Volume Forecast by Type
12.7.1. Compact/Precision Limit Switches
12.7.2. Hazardous Location Limit Switches
12.7.3. Heavy-Duty Limit Switches
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Limit Switches Demand Share, 2019-2026
13. Middle East & Africa Limit Switches Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Limit Switches Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Limit Switches Market Size and Volume Forecast by Application
13.4.1. Computer Printer
13.4.2. Household Electric Appliances
13.4.3. Machine Tools and Other Production Machinery
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Limit Switches Market Size and Volume Forecast by Type
13.7.1. Compact/Precision Limit Switches
13.7.2. Hazardous Location Limit Switches
13.7.3. Heavy-Duty Limit Switches
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Limit Switches Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Limit Switches Market: Market Share Analysis
14.2. Limit Switches Distributors and Customers
14.3. Limit Switches Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schneider Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eaton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ABB
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Honeywell
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fuji
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mitsumi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Stryker
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Linemaster
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Marquardt
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. OMRON
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Schmersal
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. SUNS International
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TER(Tecno Elettrica Ravasi)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. LG
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Microprecision
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. DELIXI
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Tengen
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. TURCK
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
