The pressure switches market was valued at US$ 1316.8million in 2019 and is projected to reach US$ 1629.1million by 2027; it is expected to grow at a CAGR of 3.8% from 2019 to 2027.
Geographically, the pressure switches market is segmented into five major regions—North America, Europe, APAC, MEA, and SAM. Currently, the global market is dominated by the developed regions such as Asia Pacific and Europe, accounting for ~55% of the global Pressure Switches market collectively. Europe showed promising results for tech investments in 2019, as European tech continues to break records despite the UK and EU economic slowdowns. Over the past five years, capital invested in European technology has grown by 124%, with 39% increase between 2018 and 2019, reaching $34.3 billion in capital investment for 2019. This compares with reductions in investment in both the US and Asian capital between 2018 and 2019. Western Europe is renowned for its improved living conditions, with higher income levels among residents.
Impact of COVID-19 Pandemic on Pressure SwitchesMarket
The electronic and semiconductor manufacturing industry is heavily dependent on manual labor. In the wake of strong lockdown regulations imposed by the majority of the countries across the globe, the semiconductor manufacturing sector is experiencing a lower number of labors in respective manufacturing facilities. India and China are the world’s two most populated countries as well as manufacturing hubs. China imposed strict lockdown and social isolation which virtually halted the manufacturing as well as production of numerous equipment and machinery for several weeks resulting in lowering country’s economy. Moreover, the country also isolated its import as well as export of critical raw materials and industrial equipment for numerous industry vertical affecting the supply chain of various end-user industries. Similarly, India also imposed a nationwide lockdown to mitigate the growing number of COVID-19 cases across the country. As a result, the subsequent lockdown and disruption of numerous industrial equipment and machineries across China and India respectively have negatively affected the market growth across the AsiaPacific region. In addition to this, the closure of several retailers, distributors and sales representatives also has reduced the availability of pressure switches or its related component from other European and North American based market players. Further, COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The governments in Asia Pacific aretaking possible steps to reduce its effects by announcing lockdown, which influence the revenue generated by the market.
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Pressure Switches Market: Strategic Insights
Market Size Value in US$ 1316.8Million in 2019 Market Size Value by US$ 1629.1Million by 2027 Growth rate CAGR of 3.8% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Pressure Switches Market: Strategic Insights
| Market Size Value in | US$ 1316.8Million in 2019 |
| Market Size Value by | US$ 1629.1Million by 2027 |
| Growth rate | CAGR of 3.8% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Pressure switches Market Insights
Increasing Investment in the Construction Industry to Drive the Growthof Pressure Switches Market
The demand for heavy pressure switches is also fueled by the growing investment in the construction industry. For example, China is expected to invest US$ 13.1 billion in the development and construction of Beijing International Airport, which is anticipated to handle about 45 million people annually from 2019 to 2025. Similarly, an 81-story 480 m supertower, Vincom Landmark-81 Tall Tower, is under construction in Vietnam's Ho Chi Minh City, due to be completed in 2019. Caterpillar Inc., J.C.;Bamford Excavators Limited; CNH Industrial N.V; Hitachi Construction Machinery Co., Ltd.; Deere & Company;Kobelco Construction Machinery Co. Ltd; Komatsu Ltd;Liebherr Group; Manitou Group; and Mitsubishi Heavy Industries, Ltd. are the top 10 manufacturers of construction machinery. Governments around the world are pumping money through higher spending on physical and social infrastructure to create demand for goods and services by creating jobs. The 2020 Olympics to be held in Tokyo (Japan) and the 2022 FIFA World Cup to be held in Qatar will fuel construction spending in the eastern regions of Asia and the Middle East. Local Qatar organization plans to build nine new stadiums for the event and to renovate three existing stadiums. It is expected that spending on such capital-intensive projects and infrastructure will continue to grow substantially in the next decade, driving growth in the market for heavy pressure switches.
Type-Based Market Insights
The most common pressure switches electromechanical. These are comprised of an electrical snap-action switch and a sensing element. Several different types of sensing elements can be used, although they have one thing in common: they move in response to pressure changes on the system. At the time of movement, they instantly act on the closing and opening of the snap-action switch's contacts. However, differential pressure switches are somewhat different. They consist of two pressure ports, one for the high-pressure side and the other for the low-pressure side. The high pressure and low-pressure fluids act on the corresponding sensing element. Considering equal surface areas on each side, the switch is in equipoise when the pressures are similar. As pressure on the low-pressure side decreases, or pressure on the high side increases, the piston moves up and, at a preset differential pressure, activates the snap switch. Switches are commonly grouped based on the type of sensor technology employed. The sensor's characteristics tend to define the relative accuracy and life one can expect from the switch.
Pressure Range-Based Market Insights
Below 100 bar pressure switch are small and low-cost switch actuated by hydraulic fluid or gas. These pressure switches arehighly responsive for low-set-point and high burst rating requirements, and may be used whileconverting the brake system to hydraulic applications. They find their applications in hydraulic braking systems, filtration systems, engine and transmission oil systems, generators, and HVAC systems and pneumatic equipment, among others. Automotive and transportation is the prime market shareholder of pressure switches. With these below 100 bar switches finding its application in automotive and transportation domain, is expected to boost the market growth.
Pressure Switches Market Report Scope
The players in the pressure switches market focus on strategies such as partnerships, business expansion, and new product launchesto maintain their positions in the market. A few developmentsby key players are listed below:
In 2020,Cleveland Controls Division announced the acquisition of the Endura Plastics Air Pressure Switch product line. The Cleveland Controls and Endura product lines will be marketed as separate brands, complementing and leveraging each other’s strengths.
In 2020,ABB Ltd. to open distribution center in Phoenix, Arizona, US which will serve as West Coast Distribution Center for the company
ByType
- Electromechanical
- Solid-State
By Pressure Range
- Below 100 Bar
- 100-300 Bar
- Above 300 Bar
By Application
- HVAC
- Monitoring and Control
- Safety and Alarm Systems
- Hydraulic and Pneumatic
By End-User
- Automotive and Transportation
- Process and Manufacturing
- Commercial
By Geography
North America
- US
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
Asia Pacific (APAC)
- China
- Australia
- India
- Japan
- South Korea
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
CompanyProfiles
- ABB Ltd
- Parker Hannifin Corporation
- Danfoss A/S
- Barksdale Inc.
- Cleveland Controls
- Lefoo
- Baumer Holding AG
- Schneider Electric
- SMC Corporation
- Eaton Corporation plc
- Emerson Electric Co
- Honeywell International Inc.
- Huba Control AG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Pressure Range ; Application ; End-user (Automotive and Transportation, Process and Manufacturing, and Commercial
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The most common pressure switches electromechanical. These are comprised of an electrical snap-action switch and a sensing element. Several different types of sensing elements can be used, although they have one thing in common: they move in response to pressure changes on the system. At the time of movement, they instantly act on the closing and opening of the snap-action switch's contacts. However, differential pressure switches are somewhat different. They consist of two pressure ports, one for the high-pressure side and the other for the low-pressure side. The high pressure and low-pressure fluids act on the corresponding sensing element.
The demand for heavy pressure switches is also fueled by the growing investment in the construction industry. For example, China is expected to invest USD 13.1 billion in the development and construction of Beijing International Airport, which is anticipated to handle about 45 million people annually from 2019 to 2025. Similarly, an 81-story 480 m supertower, Vincom Landmark-81 Tall Tower, is under construction in Vietnam's Ho Chi Minh City, due to be completed in 2019. Top 10 manufacturers of construction machinery are Caterpillar Inc., J.C. Bamford Excavators Limited, CNH Industrial N.V, Hitachi Construction Machinery Co., Ltd., Deere & Company, Kobelco Construction Machinery Co. Ltd, Komatsu Ltd, Liebherr Group, Manitou Group, and Mitsubishi Heavy Industries, Ltd. Governments around the world are pumping money through higher spending on physical and social infrastructure to create demand for goods and services by creating jobs.
The Asia Pacific has been segmented, by country, into China, Japan, India, South Korea, and the Rest of Asia Pacific. The pressure switches market in the region is primarily driven by the growth in various industries such as manufacturing, mining, oil & gas, textiles, and automation. In 2017, the region manufactured more than 44 million vehicles. Moreover, India's government also plans to increase the contribution toward its manufacturing sector to reach 25% by 2025, which is likely to drive the pressure switches market in the region. Additionally, countries such as India, China, South Korea, and Japan are among the world's leading vehicle manufacturing countries. For instance, India produced 4,516,017 vehicles, of which 3,623,335 were cars in the year 2019. Also, in the year 2019, China is the largest automobile producing country globally; it produced 25,720,665 vehicles in 2019, of which 21,360,193 were cars. The presence of a strong automotive sector and the increasing number of car manufacturers are the major factors driving the growth of the region's pressure switches market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Pressure Switches Market – By Type
1.3.2 Pressure Switches Market – By Pressure Range
1.3.3 Pressure Switches Market – By Application
1.3.4 Pressure Switches Market – By End-User
1.3.5 Pressure Switches Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Pressure Switches Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Pressure Switches Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Digitization is Driving Demand for Pressure switches
5.1.2 Increasing Investment in the Construction Industry
5.2 Market Restraints
5.2.1 Concerns Regarding Accuracy
5.3 Market Opportunities
5.3.1 Growing Manufacturing Sector
5.4 Future Trends
5.4.1 Linking with Advanced Mobile-Hydraulic Controllers
5.5 Impact Analysis of Drivers and Restraints
6. Pressure Switches Market – Global Analysis
6.1 Pressure Switches Market Global Overview
6.2 Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking
7. Pressure switches Market Analysis– By Type
7.1 Overview
7.2 Global Pressure switches Market Breakdown, by Type, 2019 & 2027
7.3 Electromechanical
7.3.1 Overview
7.3.2 Electromechanical Market Revenue and Forecast to 2027 (US$ Million)
7.4 Solid-State-
7.4.1 Overview
7.4.2 Solid-state-State Market Revenue and Forecast to 2027 (US$ Million)
8. Pressure switches Market Analysis– By Pressure range
8.1 Overview
8.2 Global Pressure switches Market Breakdown, by Pressure range, 2019 & 2027
8.3 Below 100 Bar
8.3.1 Overview
8.3.2 Below 100 Bar Market Revenue and Forecast to 2027 (US$ Million)
8.4 100-300 Bar
8.4.1 Overview
8.4.2 100-300 Bar Market Revenue and Forecast to 2027 (US$ Million)
8.5 Above 300 Bar
8.5.1 Overview
8.5.2 Above 300 Bar Market Revenue and Forecast to 2027 (US$ Million)
9. Pressure switches Market Analysis– By Application
9.1 Overview
9.2 Global Pressure switches Market Breakdown, by Application, 2019 & 2027
9.3 HVAC
9.3.1 Overview
9.3.2 HVAC Market Revenue and Forecast to 2027 (US$ Million)
9.4 Monitoring and Control
9.4.1 Overview
9.4.2 Monitoring and Control Market Revenue and Forecast to 2027 (US$ Million)
9.5 Safety and Alarm Systems
9.5.1 Overview
9.5.2 Safety and Alarm Systems Market Revenue and Forecast to 2027 (US$ Million)
9.6 Hydraulic and Pneumatic
9.6.1 Overview
9.6.2 Hydraulic and Pneumatic Market Revenue and Forecast to 2027 (US$ Million)
10. Pressure switches Market Analysis– By End-User
10.1 Overview
10.2 Global Pressure switches Market Breakdown, by End-User, 2019 & 2027
10.3 Automotive and Transportation
10.3.1 Overview
10.3.2 Automotive and Transportation Market Revenue and Forecast to 2027 (US$ Million)
10.4 Process and Manufacturing
10.4.1 Overview
10.4.2 Process and Manufacturing Market Revenue and Forecast to 2027 (US$ Million)
10.5 Commercial
10.5.1 Overview
10.5.2 Commercial Market Revenue and Forecast to 2027 (US$ Million)
11. Pressure Switches Market – Geographic Analysis
11.1 Overview
11.2 North America: Pressure Switches Market
11.2.1 North America: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.2.2 North America: Pressure Switches Market, by Type
11.2.3 North America: Pressure Switches Market, by Pressure Range
11.2.4 North America: Pressure Switches Market, by Application
11.2.5 North America: Pressure Switches Market, by End-User
11.2.6 North America: Pressure Switches Market, by Key Country
11.2.6.1 US: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.2.6.1.1 US: Pressure Switches Market, by Type
11.2.6.1.2 US: Pressure Switches Market, by Pressure Range
11.2.6.1.3 US: Pressure Switches Market, by Application
11.2.6.1.4 US: Pressure Switches Market, by End-User
11.2.6.2 Canada: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.2.6.2.1 Canada: Pressure Switches Market, by Type
11.2.6.2.2 Canada: Pressure Switches Market, by Pressure Range
11.2.6.2.3 Canada: Pressure Switches Market, by Application
11.2.6.2.4 Canada: Pressure Switches Market, by End-User
11.2.6.3 Mexico: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.2.6.3.1 Mexico: Pressure Switches Market, by Type
11.2.6.3.2 Mexico: Pressure Switches Market, by Pressure Range
11.2.6.3.3 Mexico: Pressure Switches Market, by Application
11.2.6.3.4 Mexico: Pressure Switches Market, by End-User
11.3 Europe: Pressure Switches Market
11.3.1 Europe: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.3.2 Europe: Pressure Switches Market, By Type
11.3.3 Europe: Pressure Switches Market, By Pressure Range
11.3.4 Europe: Pressure Switches Market, By Application
11.3.5 Europe: Pressure Switches Market, By End-User
11.3.6 Europe: Pressure Switches Market, By Country
11.3.6.1 Germany: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.1.1 Germany: Pressure Switches Market, by Type
11.3.6.1.2 Germany: Pressure Switches Market, by Pressure Range
11.3.6.1.3 Germany: Pressure Switches Market, by Application
11.3.6.1.4 Germany: Pressure Switches Market, by End-User
11.3.6.2 France: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.2.1 France: Pressure Switches Market, by Type
11.3.6.2.2 France: Pressure Switches Market, by Pressure Range
11.3.6.2.3 France: Pressure Switches Market, by Application
11.3.6.2.4 France: Pressure Switches Market, by End-User
11.3.6.3 Italy: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.3.1 Italy: Pressure Switches Market, by Type
11.3.6.3.2 Italy: Pressure Switches Market, by Pressure Range
11.3.6.3.3 Italy: Pressure Switches Market, by Application
11.3.6.3.4 Italy: Pressure Switches Market, by End-User
11.3.6.4 UK: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.4.1 UK: Pressure Switches Market, by Type
11.3.6.4.2 UK: Pressure Switches Market, by Pressure Range
11.3.6.4.3 UK: Pressure Switches Market, by Application
11.3.6.4.4 UK: Pressure Switches Market, by End-User
11.3.6.5 Russia: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.5.1 Russia: Pressure Switches Market, by Type
11.3.6.5.2 Russia: Pressure Switches Market, by Pressure Range
11.3.6.5.3 Russia: Pressure Switches Market, by Application
11.3.6.5.4 Russia: Pressure Switches Market, by End-User
11.3.6.6 Rest of Europe: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.6.1 Rest of Europe: Pressure Switches Market, by Type
11.3.6.6.2 Rest of Europe: Pressure Switches Market, by Pressure Range
11.3.6.6.3 Rest of Europe: Pressure Switches Market, by Application
11.3.6.6.4 Rest of Europe: Pressure Switches Market, by End-User
11.4 APAC: Pressure Switches Market
11.4.1 APAC: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.4.2 APAC: Pressure Switches Market, By Type
11.4.3 APAC: Pressure Switches Market, By Pressure Range
11.4.4 APAC: Pressure Switches Market, By Application
11.4.5 APAC: Pressure Switches Market, By End-User
11.4.6 APAC: Pressure Switches Market, By Country
11.4.6.1 Australia: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.1.1 Australia: Pressure Switches Market, by Type
11.4.6.1.2 Australia: Pressure Switches Market, by Pressure Range
11.4.6.1.3 Australia: Pressure Switches Market, by Application
11.4.6.1.4 Australia: Pressure Switches Market, by End-User
11.4.6.2 China: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.2.1 China: Pressure Switches Market, by Type
11.4.6.2.2 China: Pressure Switches Market, by Pressure Range
11.4.6.2.3 China: Pressure Switches Market, by Application
11.4.6.2.4 China: Pressure Switches Market, by End-User
11.4.6.3 India: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.3.1 India: Pressure Switches Market, by Type
11.4.6.3.2 India: Pressure Switches Market, by Pressure Range
11.4.6.3.3 India: Pressure Switches Market, by Application
11.4.6.3.4 India: Pressure Switches Market, by End-User
11.4.6.4 Japan: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.4.1 Japan: Pressure Switches Market, by Type
11.4.6.4.2 Japan: Pressure Switches Market, by Pressure Range
11.4.6.4.3 Japan: Pressure Switches Market, by Application
11.4.6.4.4 Japan: Pressure Switches Market, by End-User
11.4.6.5 South Korea: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.5.1 South Korea: Pressure Switches Market, by Type
11.4.6.5.2 South Korea: Pressure Switches Market, by Pressure Range
11.4.6.5.3 South Korea: Pressure Switches Market, by Application
11.4.6.5.4 South Korea: Pressure Switches Market, by End-User
11.4.6.6 Rest of APAC: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.6.1 Rest of APAC: Pressure Switches Market, by Type
11.4.6.6.2 Rest of APAC: Pressure Switches Market, by Pressure Range
11.4.6.6.3 Rest of APAC: Pressure Switches Market, by Application
11.4.6.6.4 Rest of APAC: Pressure Switches Market, by End-User
11.5 MEA: Pressure Switches Market
11.5.1 MEA: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.5.2 MEA: Pressure Switches Market, by Type
11.5.3 MEA: Pressure Switches Market, by Pressure Range
11.5.4 MEA: Pressure Switches Market, by Application
11.5.5 MEA: Pressure Switches Market, by End-User
11.5.6 MEA: Pressure Switches Market, by Key Country
11.5.6.1 South Africa: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.1.1 South Africa: Pressure Switches Market, by Type
11.5.6.1.2 South Africa: Pressure Switches Market, by Pressure Range
11.5.6.1.3 South Africa: Pressure Switches Market, by Application
11.5.6.1.4 South Africa: Pressure Switches Market, by End-User
11.5.6.2 Saudi Arabia: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.2.1 Saudi Arabia: Pressure Switches Market, by Type
11.5.6.2.2 Saudi Arabia: Pressure Switches Market, by Pressure Range
11.5.6.2.3 Saudi Arabia: Pressure Switches Market, by Application
11.5.6.2.4 Saudi Arabia: Pressure Switches Market, by End-User
11.5.6.3 UAE: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.3.1 UAE: Pressure Switches Market, by Type
11.5.6.3.2 UAE: Pressure Switches Market, by Pressure Range
11.5.6.3.3 UAE: Pressure Switches Market, by Application
11.5.6.3.4 UAE: Pressure Switches Market, by End-User
11.5.6.4 Rest of MEA: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.4.1 Rest of MEA: Pressure Switches Market, by Type
11.5.6.4.2 Rest of MEA: Pressure Switches Market, by Pressure Range
11.5.6.4.3 Rest of MEA: Pressure Switches Market, by Application
11.5.6.4.4 Rest of MEA: Pressure Switches Market, by End-User
11.6 SAM: Pressure Switches Market
11.6.1 SAM: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.6.2 SAM: Pressure Switches Market, by Type
11.6.3 SAM: Pressure Switches Market, by Pressure Range
11.6.4 SAM: Pressure Switches Market, by Application
11.6.5 SAM: Pressure Switches Market, by End-User
11.6.6 SAM: Pressure Switches Market, by Key Country
11.6.6.1 Brazil: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.6.6.1.1 Brazil: Pressure Switches Market, by Type
11.6.6.1.2 Brazil: Pressure Switches Market, by Pressure Range
11.6.6.1.3 Brazil: Pressure Switches Market, by Application
11.6.6.1.4 Brazil: Pressure Switches Market, by End-User
11.6.6.2 Argentina: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.6.6.2.1 Argentina: Pressure Switches Market, by Type
11.6.6.2.2 Argentina: Pressure Switches Market, by Pressure Range
11.6.6.2.3 Argentina: Pressure Switches Market, by Application
11.6.6.2.4 Argentina: Pressure Switches Market, by End-User
11.6.6.3 Rest of SAM: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
11.6.6.3.1 Rest of SAM: Pressure Switches Market, by Type
11.6.6.3.2 Rest of SAM: Pressure Switches Market, by Pressure Range
11.6.6.3.3 Rest of SAM: Pressure Switches Market, by Application
11.6.6.3.4 Rest of SAM: Pressure Switches Market, by End-User
12. Impact of Coronavirus Outbreak
12.1 Impact of COVID-19 Pandemic On Global Pressure Switches Market
12.1.1 North America: Impact Assessment of COVID-19 Pandemic
12.1.2 Europe: Impact Assessment of COVID-19 Pandemic
12.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.1.5 South America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Market Initiative
13.2 New Development
14. Company Profiles
14.1 ABB Ltd.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Parker Hannifin Corporation
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Danfoss A/S
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Barksdale Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Cleveland Controls
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Lefoo
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Baumer Holding AG
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Schneider Electric
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 SMC Corporation
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Eaton Corporation plc
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 Emerson Electric Co.
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 Honeywell International Inc.
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
14.13 Huba Control AG
14.13.1 Key Facts
14.13.2 Business Description
14.13.3 Products and Services
14.13.4 Financial Overview
14.13.5 SWOT Analysis
14.13.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. North America: Pressure Switches Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Pressure Switches Market, by Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Pressure Switches Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 5. North America: Pressure Switches Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 6. North America Pressure Switches Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 7. US: Pressure Switches Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 8. US: Pressure Switches Market, by Pressure Range –Revenue and Forecast to 2027 (US$ Million)
Table 9. US: Pressure Switches Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 10. US: Pressure Switches Market, by End-User –Revenue and Forecast to 2027 (US$ Million)
Table 11. Canada: Pressure Switches Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. Canada: Pressure Switches Market, by Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 13. Canada: Pressure Switches Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 14. Canada: Pressure Switches Market, by End-User– Revenue and Forecast to 2027 (US$ Million)
Table 15. Mexico: Pressure Switches Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 16. Mexico: Pressure Switches Market, by Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 17. Mexico: Pressure Switches Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 18. Mexico: Pressure Switches Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 19. Europe Pressure Switches Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 20. Europe Pressure Switches Market, By Pressure Range– Revenue and Forecast to 2027 (US$ Million)
Table 21. Europe Pressure Switches Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 22. Europe Pressure Switches Market, By End-User– Revenue and Forecast to 2027 (US$ Million)
Table 23. Europe Pressure Switches Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 24. Germany Pressure Switches Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 25. Germany Pressure Switches Market, By Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 26. Germany Pressure Switches Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 27. Germany Pressure Switches Market, By End-User– Revenue and Forecast to 2027 (US$ Million)
Table 28. France Pressure Switches Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 29. France Pressure Switches Market, By Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 30. France Pressure Switches Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 31. France Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 32. Italy Pressure Switches Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 33. Italy Pressure Switches Market, By Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 34. Italy Pressure Switches Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 35. Italy Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 36. UK Pressure Switches Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 37. UK Pressure Switches Market, By Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 38. UK Pressure Switches Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 39. UK Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 40. Russia Pressure Switches Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 41. Russia Pressure Switches Market, By Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 42. Russia Pressure Switches Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 43. Russia Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 44. Rest of Europe Pressure Switches Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 45. Rest of Europe Pressure Switches Market, By Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 46. Rest of Europe Pressure Switches Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 47. Rest of Europe Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 48. APAC: Pressure Switches Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 49. APAC: Pressure Switches Market, by Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 50. APAC: Pressure Switches Market, by Application– Revenue and Forecast to 2027 (US$ Million)
Table 51. APAC: Pressure Switches Market, by End-User– Revenue and Forecast to 2027 (US$ Million)
Table 52. APAC Pressure Switches Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 53. Australia: Pressure Switches Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 54. Australia: Pressure Switches Market, By Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 55. Australia: Pressure Switches Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 56. Australia: Pressure Switches Market, By End-User– Revenue and Forecast to 2027 (US$ Million)
Table 57. China: Pressure Switches Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 58. China: Pressure Switches Market, By Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 59. China: Pressure Switches Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 60. China: Pressure Switches Market, By End-User– Revenue and Forecast to 2027 (US$ Million)
Table 61. India: Pressure Switches Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 62. India: Pressure Switches Market, By Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 63. India: Pressure Switches Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 64. India: Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 65. Japan: Pressure Switches Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 66. Japan: Pressure Switches Market, By Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 67. Japan: Pressure Switches Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 68. Japan: Pressure Switches Market, By End-User– Revenue and Forecast to 2027 (US$ Million)
Table 69. South Korea: Pressure Switches Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 70. South Korea: Pressure Switches Market, By Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 71. South Korea: Pressure Switches Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 72. South Korea: Pressure Switches Market, By End-User– Revenue and Forecast to 2027 (US$ Million)
Table 73. Rest of APAC: Pressure Switches Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 74. Rest of APAC: Pressure Switches Market, By Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 75. Rest of APAC: Pressure Switches Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 76. Rest of APAC: Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 77. MEA: Pressure Switches Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 78. MEA: Pressure Switches Market Revenue Share, by Pressure Range (2019 and 2027)
Table 79. MEA: Pressure Switches Market, by Application– Revenue and Forecast to 2027 (US$ Million)
Table 80. MEA: Pressure Switches Market, by End-User– Revenue and Forecast to 2027 (US$ Million)
Table 81. MEA Pressure Switches Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 82. South Africa: Pressure Switches Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 83. South Africa: Pressure Switches Market, by Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 84. South Africa: Pressure Switches Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 85. South Africa: Pressure Switches Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 86. Saudi Arabia: Pressure Switches Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 87. Saudi Arabia: Pressure Switches Market, by Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 88. Saudi Arabia: Pressure Switches Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 89. Saudi Arabia: Pressure Switches Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 90. UAE: Pressure Switches Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 91. UAE: Pressure Switches Market, by Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 92. UAE: Pressure Switches Market, by Application– Revenue and Forecast to 2027 (US$ Million)
Table 93. UAE: Pressure Switches Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 94. Rest of MEA: Pressure Switches Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 95. Rest of MEA: Pressure Switches Market, by Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 96. Rest of MEA: Pressure Switches Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 97. Rest of MEA: Pressure Switches Market, by End-User– Revenue and Forecast to 2027 (US$ Million)
Table 98. SAM: Pressure Switches Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 99. SAM: Pressure Switches Market, by Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 100. SAM: Pressure Switches Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 101. SAM: Pressure Switches Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 102. SAM Pressure Switches Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 103. Brazil: Pressure Switches Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 104. Brazil: Pressure Switches Market, by Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 105. Brazil: Pressure Switches Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 106. Brazil: Pressure Switches Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 107. Argentina: Pressure Switches Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 108. Argentina: Pressure Switches Market, by Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 109. Argentina: Pressure Switches Market, by Application– Revenue and Forecast to 2027 (US$ Million)
Table 110. Argentina: Pressure Switches Market, by End-User– Revenue and Forecast to 2027 (US$ Million)
Table 111. Rest of SAM: Pressure Switches Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 112. Rest of SAM: Pressure Switches Market, by Pressure Range – Revenue and Forecast to 2027 (US$ Million)
Table 113. Rest of SAM: Pressure Switches Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 114. Rest of SAM: Pressure Switches Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 115. List of Abbreviation
LIST OF FIGURES
Figure 1. Pressure Switches Market Segmentation
Figure 2. Pressure Switches Market Segmentation – By Geography
Figure 3. Global Pressure Switches Market Overview
Figure 4. Pressure Switches Market, by Geography
Figure 5. Pressure Switches Market, By Type
Figure 6. Pressure Switches Market, By Pressure Range
Figure 7. Pressure Switches Market, By Application
Figure 8. Pressure Switches Market, By End-User
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia-Pacific: PEST Analysis
Figure 12. MEA: PEST Analysis
Figure 13. South America: PEST Analysis
Figure 14. Ecosystem Analysis
Figure 15. Expert Opinion
Figure 16. Pressure Switches Market Impact Analysis of Drivers and Restraints
Figure 17. Geographic Overview of Pressure Switches Market
Figure 18. Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Global Pressure switches Market Breakdown, by Type, 2019 & 2027 (%)
Figure 20. Global Electromechanical Market Revenue and Forecast to 2027(US$ Million)
Figure 21. Global Solid-state Market Revenue and Forecast to 2027(US$ Million)
Figure 22. Global Pressure switches Market Breakdown, by Pressure range, 2019 & 2027 (%)
Figure 23. Global Below 100 Bar Market Revenue and Forecast to 2027(US$ Million)
Figure 24. Global 100-300 Bar Market Revenue and Forecast to 2027(US$ Million)
Figure 25. Global Above 300 Bar Market Revenue and Forecast to 2027(US$ Million)
Figure 26. Global Pressure switches Market Breakdown, by Application, 2019 & 2027 (%)
Figure 27. Global HVAC Market Revenue and Forecast to 2027(US$ Million)
Figure 28. Global Monitoring and Control Market Revenue and Forecast to 2027(US$ Million)
Figure 29. Global Safety and Alarm Systems Market Revenue and Forecast to 2027(US$ Million)
Figure 30. Global Hydraulic and Pneumatic Market Revenue and Forecast to 2027(US$ Million)
Figure 31. Global Pressure switches Market Breakdown, by End-User, 2019 & 2027 (%)
Figure 32. Global Automotive and Transportation Market Revenue and Forecast to 2027(US$ Million)
Figure 33. Global Process and Manufacturing Market Revenue and Forecast to 2027(US$ Million)
Figure 34. Global Commercial Market Revenue and Forecast to 2027(US$ Million)
Figure 35. Pressure Switches Market Revenue Share, By Region (2019 and 2027)
Figure 36. North America: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. North America: Pressure Switches Market Revenue Share, by Type (2019 and 2027)
Figure 38. North America: Pressure Switches Market Revenue Share, by Pressure Range (2019 and 2027)
Figure 39. North America: Pressure Switches Market Revenue Share, by Application (2019 and 2027)
Figure 40. North America: Pressure Switches Market Revenue Share, by End-User (2019 and 2027)
Figure 41. North America: Pressure Switches Market Revenue Share, by Key Country (2019 and 2027)
Figure 42. US: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. Canada: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 44. Mexico: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 45. Europe: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 46. Europe: Pressure Switches Market Revenue Share, By Type (2019 and 2027)
Figure 47. Europe: Pressure Switches Market Revenue Share, By Pressure Range (2019 and 2027)
Figure 48. Europe: Pressure Switches Market Revenue Share, By Application (2019 and 2027)
Figure 49. Europe: Pressure Switches Market Revenue Share, By End-User (2019 and 2027)
Figure 50. Europe: Pressure Switches Market Revenue Share, By Country (2019 and 2027)
Figure 51. Germany: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. France: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. Italy: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 54. UK: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 55. Russia: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 56. Rest of Europe: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 57. APAC: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 58. APAC: Pressure Switches Market Revenue Share, By Type (2019 and 2027)
Figure 59. APAC: Pressure Switches Market Revenue Share, By Pressure Range (2019 and 2027)
Figure 60. APAC: Pressure Switches Market Revenue Share, By Application (2019 and 2027)
Figure 61. APAC: Pressure Switches Market Revenue Share, By End-User (2019 and 2027)
Figure 62. APAC: Pressure Switches Market Revenue Share, By Country (2019 and 2027)
Figure 63. Australia: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. China: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 65. India: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 66. Japan: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 67. South Korea: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 68. Rest of APAC: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 69. MEA: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 70. MEA: Pressure Switches Market Revenue Share, by Type (2019 and 2027)
Figure 71. MEA: Pressure Switches Market Revenue Share, by Pressure Range (2019 and 2027)
Figure 72. MEA: Pressure Switches Market Revenue Share, by Application (2019 and 2027)
Figure 73. MEA: Pressure Switches Market Revenue Share, by End-User (2019 and 2027)
Figure 74. MEA: Pressure Switches Market Revenue Share, by Key Country (2019 and 2027)
Figure 75. South Africa: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 76. Saudi Arabia: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 77. UAE: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 78. Rest of MEA: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 79. SAM: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 80. SAM: Pressure Switches Market Revenue Share, by Type (2019 and 2027)
Figure 81. SAM: Pressure Switches Market Revenue Share, by Pressure Range (2019 and 2027)
Figure 82. SAM: Pressure Switches Market Revenue Share, by Application (2019 and 2027)
Figure 83. SAM: Pressure Switches Market Revenue Share, by End-User (2019 and 2027)
Figure 84. SAM: Pressure Switches Market Revenue Share, by Key Country (2019 and 2027)
Figure 85. Brazil: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 86. Argentina: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 87. Rest of SAM: Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 88. Impact of COVID-19 Pandemic in North American Country Markets
Figure 89. Impact of COVID-19 Pandemic In Europe Country Markets
Figure 90. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 91. Impact of COVID-19 Pandemic in Middle East And Africa Country Markets
Figure 92. Impact of COVID-19 Pandemic In South America Country Markets
The List of Companies - Pressure Switches Market
- ABB Ltd
- Parker Hannifin Corporation
- Danfoss A/S
- Barksdale Inc.
- Cleveland Controls
- Lefoo
- Baumer Holding AG
- Schneider Electric
- SMC Corporation
- Eaton Corporation plc
- Emerson Electric Co.
- Honeywell International Inc.
- Huba Control AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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