Global Industrial Control Switches Market 2016-2020
- Published: Feb 2016
- Pages: 46
- SKU: IRTNTR8538
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This market research report includes a detailed segmentation of the global industrial control switches market by product (limit switches, rotary switches, and push buttons) and by geography (Americas, APAC, and EMEA). The key vendors analyzed in this market study are ABB, Eaton, Emerson Electric, GE, Rockwell Automation, and Schneider Electric.
Outlook of the global industrial control switches market
Technavio’s market research analyst predicts the global industrial control switches market to grow steadily at a CAGR of around 3% during the forecast period. Due to the wide range of applications in manufacturing processes, such as material handling, packaging, assembly, robot cells, conveyor systems, and transport systems, the need for control switches is estimated to increase. Moreover, the ability of control switches to lower the chances of machine breakdown and to reduce the need for continuous maintenance by bringing about operational stability will result in its augmented adoption during the forecast period.
In this market analysis, analysts have estimated eminent factors, such as the rising need for power control, to impel market growth during the predicted period. Recently, it has been observed that the process of industrialization in developed countries such as Japan, the US, and Germany - is being replicated in emerging economies like China, India, and Brazil. Such infrastructure expansion will necessitate the extensive utilization of power control switches like disconnect switches, cam switches, and push buttons as they help to bring about operational stability. Similarly, in the automotive industry, industrial control switches are in high demand as they help users to control machines that operate at variable speeds.
Segmentation by product and analysis of the industrial control switches market
- Limit switches
- Push buttons
- Rotary switches
In this segmentation analysis, analysts have estimated the limit switches segment to account for nearly half of the total market share during the forecast period. The extensive adoption limit switches across various end-user industries like automotive, metals and mining, plastic, glass, and heavy machinery will result in this segment’s high growth during the forecast period.
Geographical segmentation of the industrial control switches market
The APAC region currently accounts for about 36% of the total market share and is envisaged to be the fastest growing market segment during the forecast period. Much of this region’s strong growth can be attributed to the rising demand for industrial switches from developing economies like China, Japan, South Korea, and India. Furthermore, factors such as growing investments in the power and manufacturing sectors will also spur the demand for industrial control switches during the predicted period.
Competitive landscape and key vendors
The industrial control switches market is highly competitive as many vendors provide the same products without much differentiation. Due to the rising competition between key vendors and domestic suppliers, the level of competition in this market is anticipated to escalate rapidly over the next few years. To survive in this market, the vendors have to adopt strategies like M&A as it will help them to bolster their product offerings and revenue generating capacity.
The leading vendors in the market are -
- Rockwell Automation
Other prominent vendors in the market include Altech, C & K Components, Carling Technologies, CG Power Systems, Cherry Electrical Products, Chint, Delixi Electric, E-Switch, EECO, Fuji Electric, Grayhill, Honeywell International, Kaycee Industries, LG, Marquardt Switches, Mersen, Microprecision, NKK Switches, Omron, Schurter, Siemens, Socomec, TE Connectivity, Tengen, and Turck.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global industrial control switches market?
- What are the key market trends impacting the growth of the global industrial control switches market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global industrial control switches market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global industrial control switches market?
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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