Global Float Switch Market 2017-2021

Overview of the global float switch market

Research analysis on the global float switch market identifies the low installation and maintenance costs of float switches as be one of the major factors that will have a positive impact on the growth of the market. A float switch is a simple device that helps in checking the level of liquids in tanks and storage units. These devices help in switching the pumps on or off or for indicating the level of liquids. The cost of float switches is minimal for the process and discrete industries due to which the use of these switches is expected to be high. Float switches are available in various models and based on the applications the end-user can choose appropriate switches. Owing to its minimal cost and lower maintenance costs, the demand for these float pump switches from the end-user industries will considerably increase during the forecast period. Technavio's market research analysts predict that this market will grow at a CAGR of more than 3% by 2021.

In terms of geographic regions, the Americas will be the major revenue contributor to the float switch market throughout the forecast period. The increased demand for float switches from chemicals, automotive, and power industries and high investments towards upgrading facilities, will drive the growth of the water float switch market in this region.

Competitive landscape and key vendors  

The float switch market has the presence of numerous players and appears to be fragmented. Development in this market has helped the vendors in gaining a significant market share and differentiating their products from the competitors'. This helps the float sensor manufacturers gain a competitive edge over their competitors. Vendors in the water float switch market are also offering customization options in choosing product variants such as the body type of float switches and coatings to reduce corrosion.

The leading vendors in the market are -

• Baumer
• Emerson
• OMEGA Engineering
• SMD Fluid Controls
• WIKA

The other prominent vendors in the market are Entegris, Besta (Bachofen Holding), Endress+Hauser, FPI Sensors, FineTek, Gems Sensors & Controls, KOBOLD Messring, Madison, and SOR.

Segmentation by product type and analysis of the float switch market

• Horizontally mountable float switches
• Vertically mountable float switches

During 2016, the horizontally mountable float switches segment accounted for the major shares of the water float switch market. Factors such as the increased preference of these switches in oil and gas, power, and water and wastewater industries and the growing investments in several industrial sectors, will contribute to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the float switch market

• Process industries
• Discrete industries

According to this market research report, the process industries will hold the maximum share of the float switch market until 2021. Process industries like oil and gas, water and wastewater, and chemicals are some of the major end-users of float switches. With the growing investments in these industrial sectors, the demand for these float swithces will continue to increase from this end-user segment in the water float switch market during the next few years.

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 float switch market?
• What are the key market trends impacting the growth of the global float switch market?
• What are the challenges to market growth?
• Who are the key vendors in the global float switch market?
• What are the market opportunities and threats faced by the vendors in the global float switch 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 float switch market?

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

This upcoming research report on the global float switch market insights into the major trends and forthcoming drivers influencing the growth of the industrial automation industry. Our reports for the industrial automation industry also follow an extensive data collection methodology and offer an extensive analysis of rapidly expanding market segments like automation.  

Moreover, to achieve higher accuracy, our industry experts implement an extensive research approach of primary and secondary data collection methods and assess the changing demand-supply landscape of the automation sector. Few of the key approaches involved in the in this methodology are detailed vendor briefing, online surveys, and consultation of industry journals and publications. Also, by considering the market forecast and size, surging demand for various segments of the automation sector, the market research professionals at Technavio present an all-inclusive picture of the float switch market from 2017 to 2021.

This forthcoming market research report on the float switch market also covers vendors like SMD Fluid Controls, Emerson (PEPPERL+FUCHS), WIKA Group, Baumer, and Endress+Hauser. Our industry analysts believe that the rising popularity of automated wireless pump control is expected to influence the market during the next few years. Furthermore, to present clients with the possibility to explore and expand in niche markets, this report on the float switch market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for the float switch market also categorizes the key drivers, prominent trends, as well as the imminent restraints that the automation sector currently experiences. This upcoming report on the float switch market presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the industrial automation industry. Technavio also offers in-depth market assessments into the sectors such as robotics.