Global Electronic Pressure Switches Market 2017-2021

Overview of the global electronic pressure switches market

Market research analysts at Technavio predict that the global electronic pressure switches market will grow at a CAGR of more than 3% by 2021. This market research analysis identifies the increasing demand for automated equipment in developing countries as one of the primary growth factors for this market. The increasing need for safe industrial operations and power to run the processes due to the augmented economic development is increasing the demand for automated equipment. Industrialization and increasing mobility in developing countries is influencing investment in energy-efficient and pressure controller products and technologies to monitor and control pressure efficiently. This will be a major factor fueling the growth of the electronic pressure switches market in the coming years.

The increasing adoption of IoT for monitoring pressure is one of the key trends that will gain traction in the electronic pressure switches market in the coming years. The internet of things (IoT) technology enables highly customized electronic pressure switch products and brings about flexible manufacturing conditions in industries. Additionally, it also enables the usage of switches for supporting manufacturing operations and material movements without breaking the operational flow and violating safety issues. The implementation of Ethernet-based networks in electronic pressure switches is beneficial as it provides real-time data, increases speed, reduces expenditure, and decreases the environmental impact.

Competitive landscape and key vendors

The market is intensely competitive and the established vendors compete based on factors such as product features, software, applications, prices, and customized solutions while focusing extensively on geographical expansion, increasing production capacities, and product upgradation. Vendors are investing heavily in R&D activities to develop technologically advanced products that will fulfill the demands of various high-end applications.

The leading vendors in the market are -

• Bosch Rexroth
• Danfoss
• Honeywell
• Parker Hannifin
• BD|SENSORS

The other prominent vendors in the market are Barksdale Control Products, Baumer Group, BCM Sensor, Fox Srl, Fujikura, Huba Control, Keller, Kobold, LEEG Instruments, NOSHOK, OMEGA Engineering, PINTER Mess- und Regeltechnik, Setra Systems, SICK, SKF, SMC Corporation, SUCO Robert Scheuffele, Taihei Boeki, United Electric Controls, and Wako Electronics.

Segmentation by product type and analysis of the electronic pressure switches market

• Single output electronic pressure switches
• Double output electronic pressure switches

The long-term stability with zero drift and the increasing use in various OEM applications is driving the growth of the single output electronic pressure switches segment. The increased adoption of automation equipment in end-user industries in addition to the increasing need to replace and upgrade the mechanical pressure switches will also influence the growth of this market segment. According to this market research and analysis, this segment will account for the major shares of the electronic pressure switches market during the next four years.

Segmentation by end user and analysis of the electronic pressure switches market

• Oil and gas industry
• Power generation industry
• Chemical and petrochemical industry
• Machine tool industry

The oil and gas industry will be the major end user to the electronic pressure switches market throughout the forecast period. This oil and gas industry has the increased need for the implementation of electronic pressure switches since there is a constant transportation of hazardous and flammable fluids and gases to various locations through pipelines where the pressure variations of any fluid or gas needs to be detected early to prevent accidents and send information on any issues.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global electronic pressure switches market?
• What are the key market trends impacting the growth of the global electronic pressure switches market?
• What are the challenges to market growth?
• Who are the key vendors in the global electronic pressure switches market?
• What are the market opportunities and threats faced by the vendors in the global electronic pressure 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 electronic pressure switches market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming market research report on the electronic pressure switches market is an integral part of Technavio's industrial automation portfolio and offers key insights into the market space for the automation sector. Technavio's insightful market research reports also offer insights on the market size, forecast, trends, and industry analysis to help clients build effective growth strategies.

Additionally, by implementing an extensive research approach of quantitative and qualitative data collection methods and assessing the changing demand-supply landscape of the automation sector, the upcoming market research report on the electronic pressure switches market offers insights into the key market drivers, trends, and eminent market challenges that will influence the growth of the key suppliers in this market space. This upcoming market research report also covers vendors like Honeywell, WIKA, Danfoss Industrial, METAL WORK, Baumer, GEMS, Electrotec, and Sensata.

This industry research report on the electronic pressure switches market also takes into account the growth of related markets like the machine vision market and industrial wireless sensors market, which are anticipated to post an impressive CAGR of close to 9% and above 11%, respectively during the forecast period.

The upcoming industry report on the electronic pressure switches market also offers insights into fast-growing segments within the industrial automation industry, including sectors like robotics. Additionally, the report also presents insights into the changing competitive scenario and gives clients a holistic view of the future direction of the industry.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.