Pressure switch is the form of switch which opens or closes the circuit when a certain fluid pressure reaches on its input terminals. The desigining of the pressure switches are varried according to, make the contact either with rise in pressure or fall in pressure. Pressure switches are widely used in industry to automatically monitor and control the system that uses pressurized fluid. Pressure switches are of low cost which are higher in reliability. Rising demand for electric vehicles, increasing investments in the smart cities and development in infrastructure are the factors attributed to the growth in pressure switch market. The global pressure switch market is estimated to expand at 4.43% CAGR during the forecast period.

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The pressure switch market is segmented into type as electromechanical and solid-state. Electromechanical segment is holding the largest market share in the forecast period due to increasing adoption of electromechanical switches in industries and commercial application.

The pressure switch market is further segmented into pressure range including below - 100 bar, 100 – 400 bar and above 400 bar. The below – 100 bar segment is projected to boost the market growth in the forecast period. This pressure range is widely adopted in automotive, transportation and commercial utilities, hence it is anticipated to drive the market growth.

Segmental Analysis:

The pressure switch market is segmented into HVAC, monitoring & control, safety & alarming systems, and hydraulics & pneumatics. HVAC appliacation is one of the major segment in pressure switch market, and also expected to drive the maket growth during the forecasted period. Pressure switch delivers more reliability and feasibility in terms of operation of HVAC and provides optimal maintenance. Further improvement in technology will dramatically increase the market growth for HVAC application in pressure switch market.

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Regional Outlook:

Region wise, Asia-Pacific region held the largest market share of the global pressure switch market in 2017. It is anticipated that Asia-Pacific region will continue to dominate the market during the forecast period, mainly due to the rising application of pressure switch in industrial and commercial sector, as developing countries shows a significant growth in automation. In Asia-Pacific region countries such as India is increasing the contribution towards manufacturing sector, while South Korea is investing heavily in automotive & transportation sector which enhances the market demand for pressure switch market in the forecasted period. Owing to its reliability in operation, North America is also increasing the market due to stringent regulations by government in terms of safety measures.

Key Players:

The key players of the Global Pressure Switch Market are ABB Ltd. (Switzerland), Eaton (Ireland), Danfoss (Denmark), Parker Hannifin Corp (US), Bosch Rexroth AG (Europe), Baumer (Switzerland), Emerson Electric Co. (US), Honeywell International Inc. (US), Schneider Electric (France), SMC Corporation of America (US), SOR Inc. (US), Endress+Hauser Consult AG (Switzerland) and Barksdale Inc (US).

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