Global Industrial Limit Switches Market 2017-2021

Overview of the global industrial limit switches market

Technavio’s research analysis on the global industrial limit switches market identifies that the introduction of stringent regulations on employee safety will be one of the major factors that will have a positive impact on the growth of the market. Several regulatory bodies such as OSHA (Occupational Safety and Health Administration), EPA (Environmental Protection Agency), and ILO (International Labor Organization) are imposing strict regulations on employee and workplace safety. Also, the rise in the number of industrial accidents have led these regulatory bodies to impose strict regulations on the manufacturing and fabrication industry. These regulations have increased the demand for industrial safety limit switches and many end-users are increasingly using these switches to protect the equipment and offer better workplace safety. This is expected to continue throughout the forecast period and drive the growth of the industrial limit switches market. Our market research analysts predict that this market will post a revenue of more than USD 457 million by 2021.

The Americas will be the major revenue contributor of the industrial limit switches market throughout the forecast period. This is mainly due to the presence of many manufacturing and fabrication industries in countries like the US, Mexico, and Brazil and strict government regulations on employee and workspace safety in the region.

Competitive landscape and key vendors  

The industrial limit switches market consists of numerous players who constant focus on gaining maximum market shares. The vendors in this safety limit switches market also face competition from sensor manufacturers since the end-users have started preferring photoelectric and proximity sensors as substitutes. Advancements such as the introduction of wireless limit switches, help vendors in distinguishing their products from their competitors’.

The leading vendors in the market are –

• ABB
• Eaton
• Honeywell
• Schneider Electric
• Rockwell Automation

The other prominent vendors in the market are BCH Electric, Bernstein, Crouzet, Elabou, W. Gessmann, Omron, Pepperl+Fuchs, SAMSON Controls, and Schmersal.

Segmentation by application and analysis of the industrial limit switches market

• Material handling
• Machine tools
• Process measurement

The material handling segment accounted for the highest share of the industrial limit switches market. These switches are mainly used in applications such as conveyor systems and shafts. The rising focus towards the implementation of automated solutions in material handling and packaging applications contribute to the demand for industrial limit switches in this application segment.

Segmentation by product and analysis of the industrial limit switches market

• General purpose limit switches
• Precision limit switches
• Safety limit switches

According to this market research report, the general-purpose limit switches segment will account the maximum shares of industrial limit switches market until 2021. The increasing application of general-purpose limit switches in injection molding and packaging on industrial doors, machine tools, elevators, and lifts and the availability of different models and body types, will drive the growth of the industrial limit switches market in this segment. 

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

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