Temperature and Pressure Switches Market to Grow at a CAGR of 5.0% to reach US$ 5,023.18 Million from 2020 to 2027
The temperature and pressure switch market was valued at US$ 3689.62 million in 2019 and it is projected to reach US$ 5023.18 million by 2027; it is expected to grow at a CAGR of 5.0% from 2020 to 2027.
The rate of adopting automated technologies for manufacturing processes, specifically in developed countries, has surged over the years. Owing to which, these countries are robustly focusing on the adoption of smart factories. The countries with a considerably higher number of manufacturing facilities—including the US, Canada, China, the UK, Japan, Germany, and France—are continually seeking automated technologies in manufacturing facilities across industries. There is an increase in demand for high-end automotive across the globe, resulting in increased vehicle production, mainly in the developed regions, such as North America and Europe. The demand for commercial vehicles and passenger cars, primarily in developing nations, is increasing. For instance, according to the International Tin Association Ltd., in 2014, China reported the production of 24 million vehicles, and it would increase to 364 and 607 million by 2030 and 2050, respectively. Therefore, the growing investment in the automotive industry has fueled the demand for the temperature and pressure switches. Furthermore, the emergence of industrial internet of things (IIoT) and smart factories enables the end users to procure technologically advanced solutions for their manufacturing facilities, which ultimately benefit them by earning increased profit through higher productivity. The implementation of IIoT is soaring across industries worldwide. This is leading the growth path of the temperature and pressure switches market
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Temperature and Pressure Switches Market: Strategic Insights
Market Size Value in US$ 3689.62 Million in 2019 Market Size Value by US$ 5023.18 Million by 2027 Growth rate CAGR of 5.0% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Temperature and Pressure Switches Market: Strategic Insights
| Market Size Value in | US$ 3689.62 Million in 2019 |
| Market Size Value by | US$ 5023.18 Million by 2027 |
| Growth rate | CAGR of 5.0% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Impact of COVID-19 Pandemic on Temperature and Pressure Switch Market
The sudden outbreak of the COVID-19 pandemic, the economy of the country has fallen adversely affecting several industries, such as marine, military, and defense, which has negatively impacted the temperature and pressure switches market. Hence, the ongoing COVID-19 crisis and critical situation in the world is going to impact the temperature and pressure switches market growth of North America region in a negative manner for the next few quarters.
Market Insights–Temperature and Pressure Switch Market
Rising Automotive Production and Growing Demand for Temperature and Pressure Switches in Automotive Industry
The demand for commercial vehicles and passenger cars, primarily in developing nations, is increasing. For instance, according to the International Tin Association Ltd., in 2014, China reported the production of 24 million vehicles, and it would increase to 364 and 607 million by 2030 and 2050, respectively. Therefore, the growing investment in the automotive industry has fueled the demand for the temperature and pressure switches. According to the Center for Automotive Research, a non-profit organization, in 2018, automakers such as FCA, GM, Ford, Hyundai, Nissan, Volkswagen, and Toyota invested US$ 4.8 billion in the automotive industry. In addition, in Europe, automotive investment in research and development (R&D) has increased by 6.7% to reach US$ 67.09 billion annually. The temperature switches are robustly being integrated across radiator fan, warning lamp, and coolant monitoring system to constantly monitor the temperature of the vehicle components.
End-User Based Insights
Based on end-user, the temperature and pressure switch market is segmented into residential and commercial, food and beverages, marine, automotive, aerospace and defense, chemicals, oil and gas, and others. The automotive segment held a larger market share in 2019.
Players operating in the temperature and pressure switch market are mainly focused on the development of advanced and efficient products.
- ABB Ltd. to open distribution center in Phoenix, Arizona, US which will serve as West Coast Distribution Center for the company.
- Eaton Corp. invests US $ 100 million to expand its electrical manufacturing and distribution centers in North America for commercial and residential customers.
Temperature and Pressure Switches Market Report Scope
The temperature and pressure switch market has been segmented as follows:
Temperature and Pressure Switch Market – by Product Type
- Temperature Switches
- Pressure Switches
Temperature and Pressure Switch Market – by End-User
- Residential and Commercial
- Food and Beverages
- Marine
- Automotive
- Aerospace and Defense
- Chemicals
- Oil and Gas
- Others
Temperature and Pressure Switch Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
- Middle East Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of SAM
Temperature and Pressure Switch Market – Company Profiles
- ABB Ltd
- Baumer Holding AG
- Beck GmbH Druckkontrolltechnik
- Danfoss A/S
- Eaton Corporation plc
- Honeywell International Inc.
- Parker Hannifin Corporation
- Schneider Electric
- SMC Corporation
- WIKA Alexander Wiegand SE & Co. KG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type and End-user
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 temperature & pressure switches market is led by automotive segment with highest share and is expected to dominate in the forecast period. The automotive industry is set to bolster over the next decade due to an enormous rise in demand for vehicles. The vehicle coolant monitoring system, radiator fan, and warning lamp integrates temperature switches into it. Similarly, the brake light, exhaust gas recirculation, emission control system, and HVAC system in the vehicle integrates pressure switches for proper functioning. This is expected to double the number of production units, which is further expected to create ample business growth opportunities for the temperature and pressure switches market players.
The temperature & pressure switches permit the end-user to carry out smooth operations, are used with flammable material, and in hazardous locations, thus increases its application in numerous end-use industries. The growing demand for temperature & pressure switches is anticipated to rise in the forecast period, owing to the increasing number of end-use industries. Moreover, consumers are demanding technologically advanced products that are capable of enhanced monitoring capabilities, drive the adoption of the temperature and pressure switches.
Mounting requirement for temperature sensors is expected to boost the demand for temperature & pressure switches during the forecast period. There is an increase in adoption of temperature switches in the manufacturing of heating systems, burners, boilers, air heaters, and circulation pumps. Moreover, temperature switches are comprehensively being used across general-purpose applications. Increasing demand from pharmaceuticals, automotive, and food & beverages industries is one of the significant factors boosting the temperature & pressure switches market during the forecast period. Rising complexity of modern industrial machinery continues to drive innovations across the temperature & pressure switches market. Several market players are entering the competitive market for pressure switches, mainly in the Asia Pacific region's emerging economies. Manufacturers are progressively investing resources in research and development and enhancing their product range with the evolving industrial demands. The pressure switches are robustly used for multiple applications across different sectors, such as marine, aerospace & defense, automotive, food & beverages, and oil & gas. The market players are expected to fulfill the regulatory standards and manufacture the temperature & pressure switches to gain approval from the dedicated regulatory body. This anticipated to offer ample growth opportunities for the global temperature & pressure switches market players.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Temperature and Pressure Switches Market – By Product Type
1.3.2 Temperature and Pressure Switches Market – By End-User
1.3.3 Temperature and Pressure Switches Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Temperature and Pressure Switches Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Temperature and Pressure Switches –Market Dynamics
5.1 Market Drivers
5.1.1 Mounting Adoption of Automated Solutions in Manufacturing Facilities
5.1.2 Rising Automotive Production and Growing Demand for Temperature and Pressure Switches in Automotive Industry
5.2 Market Restraints
5.2.1 Rising Accuracy Concerns Related to Temperature and Pressure Switches
5.3 Market Opportunities
5.3.1 Growing Adoption of HVAC Systems
5.4 Future Trends
5.4.1 Increasing Focus on Embedded Sensors and Smart Wireless Communication
5.5 Impact Analysis of Drivers and Restraints
6. Temperature and Pressure Switches Market – Global Analysis
6.1 Global Temperature and Pressure Switches Market Overview
6.2 Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Temperature and Pressure Switches Market Analysis– By Product Type
7.1 Overview
7.2 Temperature and Pressure Switches Market Breakdown, By Product Type, 2018 & 2027
7.3 Temperature Switches
7.3.1 Overview
7.3.2 Temperature Switches Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Pressure Switches
7.4.1 Overview
7.4.2 Pressure Switches Market Revenue and Forecasts to 2027 (US$ Mn)
8. Temperature and Pressure Switches Market Analysis – By End-User
8.1 Overview
8.2 Global Temperature and Pressure Switches Market Breakdown, By End-User, 2019 & 2027 (%)
8.3 Residential and Commercial
8.3.1 Overview
8.3.2 Residential and Commercial Market Forecast and Analysis
8.4 Food and Beverages
8.4.1 Overview
8.4.2 Food and Beverages Market Forecast and Analysis
8.5 Marine
8.5.1 Overview
8.5.2 Marine Market Forecast and Analysis
8.6 Automotive
8.6.1 Overview
8.6.2 Automotive Market Forecast and Analysis
8.7 Aerospace and Defense
8.7.1 Overview
8.7.2 Aerospace and Defense Market Forecast and Analysis
8.8 Chemicals
8.8.1 Overview
8.8.2 Chemicals Market Forecast and Analysis
8.9 Oil and Gas
8.9.1 Overview
8.9.2 Oil and Gas Market Forecast and Analysis
8.10 Others
8.10.1 Overview
8.10.2 Others Market Forecast and Analysis
9. Temperature and Pressure Switches Market – Geographic Analysis
9.1 Overview
9.2 North America: Temperature and Pressure Switches Market
9.2.1 North America: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.2.2 North America: Temperature and Pressure Switches Market, By Product Type
9.2.3 North America: Temperature and Pressure Switches Market, By End-User
9.2.4 North America: Temperature and Pressure Switches Market, By Country
9.2.4.1 US: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.1.1 US: Temperature and Pressure Switches Market, By Product Type
9.2.4.1.2 US: Temperature and Pressure Switches Market, By End-User
9.2.4.2 Canada: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.2.1 Canada: Temperature and Pressure Switches Market, By Product Type
9.2.4.2.2 Canada: Temperature and Pressure Switches Market, By End-User
9.2.4.3 Mexico: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.3.1 Mexico: Temperature and Pressure Switches Market, By Product Type
9.2.4.3.2 Mexico: Temperature and Pressure Switches Market, By End-User
9.3 Europe: Temperature and Pressure Switches Market
9.3.1 Europe: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2 Europe: Temperature and Pressure Switches Market, By Product Type
9.3.3 Europe: Temperature and Pressure Switches Market, By End-User
9.3.4 Europe: Temperature and Pressure Switches Market, By Country
9.3.4.1 Germany: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.1.1 Germany: Temperature and Pressure Switches Market, By Product Type
9.3.4.1.2 Germany: Temperature and Pressure Switches Market, By End-User
9.3.4.2 France: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.2.1 France: Temperature and Pressure Switches Market, By Product Type
9.3.4.2.2 France: Temperature and Pressure Switches Market, By End-User
9.3.4.3 Italy: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.3.1 Italy: Temperature and Pressure Switches Market, By Product Type
9.3.4.3.2 Italy: Temperature and Pressure Switches Market, By End-User
9.3.4.4 UK: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.4.1 UK: Temperature and Pressure Switches Market, By Product Type
9.3.4.4.2 UK: Temperature and Pressure Switches Market, By End-User
9.3.4.5 Russia: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.5.1 Russia: Temperature and Pressure Switches Market, By Product Type
9.3.4.5.2 Russia: Temperature and Pressure Switches Market, By End-User
9.3.4.6 Rest of Europe: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.6.1 Rest of Europe: Temperature and Pressure Switches Market, By Product Type
9.3.4.6.2 Rest of Europe: Temperature and Pressure Switches Market, By End-User
9.4 APAC: Temperature and Pressure Switches Market
9.4.1 APAC: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.4.2 APAC: Temperature and Pressure Switches Market, By Product Type
9.4.3 APAC: Temperature and Pressure Switches Market, By End-User
9.4.4 APAC: Temperature and Pressure Switches Market, By Country
9.4.4.1 China: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.1.1 China: Temperature and Pressure Switches Market, By Product Type
9.4.4.1.2 China: Temperature and Pressure Switches Market, By End-User
9.4.4.2 India: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.2.1 India: Temperature and Pressure Switches Market, By Product Type
9.4.4.2.2 India: Temperature and Pressure Switches Market, By End-User
9.4.4.3 Japan: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.3.1 Japan: Temperature and Pressure Switches Market, By Product Type
9.4.4.3.2 Japan: Temperature and Pressure Switches Market, By End-User
9.4.4.4 South Korea: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.4.1 South Korea: Temperature and Pressure Switches Market, By Product Type
9.4.4.4.2 South Korea: Temperature and Pressure Switches Market, By End-User
9.4.4.5 Australia: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.5.1 Australia: Temperature and Pressure Switches Market, By Product Type
9.4.4.5.2 Australia: Temperature and Pressure Switches Market, By End-User
9.4.4.6 Rest of APAC: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.6.1 Rest of APAC: Temperature and Pressure Switches Market, By Product Type
9.4.4.6.2 Rest of APAC: Temperature and Pressure Switches Market, By End-User
9.5 MEA: Temperature and Pressure Switches Market
9.5.1 MEA: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.5.2 MEA: Temperature and Pressure Switches Market, By Product Type
9.5.3 MEA: Temperature and Pressure Switches Market, By End-User
9.5.4 MEA: Temperature and Pressure Switches Market, By Country
9.5.4.1 UAE: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.1.1 UAE: Temperature and Pressure Switches Market, By Product Type
9.5.4.1.2 UAE: Temperature and Pressure Switches Market, By End-User
9.5.4.2 Saudi Arabia: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.2.1 Saudi Arabia: Temperature and Pressure Switches Market, By Product Type
9.5.4.2.2 Saudi Arabia: Temperature and Pressure Switches Market, By End-User
9.5.4.3 South Africa: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.3.1 South Africa: Temperature and Pressure Switches Market, By Product Type
9.5.4.3.2 South Africa: Temperature and Pressure Switches Market, By End-User
9.5.4.4 Rest of MEA: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.4.1 Rest of MEA: Temperature and Pressure Switches Market, By Product Type
9.5.4.4.2 Rest of MEA: Temperature and Pressure Switches Market, By End-User
9.6 SAM: Temperature and Pressure Switches Market
9.6.1 SAM: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.6.2 SAM: Temperature and Pressure Switches Market, By Product Type
9.6.3 SAM: Temperature and Pressure Switches Market, By End-User
9.6.4 SAM: Temperature and Pressure Switches Market, By Country
9.6.4.1 Brazil: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.1.1 Brazil: Temperature and Pressure Switches Market, By Product Type
9.6.4.1.2 Brazil: Temperature and Pressure Switches Market, By End-User
9.6.4.2 Argentina: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.2.1 Argentina: Temperature and Pressure Switches Market, By Product Type
9.6.4.2.2 Argentina: Temperature and Pressure Switches Market, By End-User
9.6.4.3 Rest of SAM: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.3.1 Rest of SAM: Temperature and Pressure Switches Market, By Product Type
9.6.4.3.2 Rest of SAM: Temperature and Pressure Switches Market, By End-User
10. Temperature and Pressure Switches Market- COVID-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 South America
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 ABB Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Baumer Holding AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Beck GmbH Druckkontrolltechnik
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Danfoss A/S
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Eaton Corporation plc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Honeywell International Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Parker Hannifin Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Schneider Electric
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 SMC Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 WIKA Alexander Wiegand SE & Co. KG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Billion)
Table 2. North America Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 3. North America Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 4. US Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 5. US Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada Temperature and Pressure Switches Market, By End-User– Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico Temperature and Pressure Switches Market, By End-User– Revenue and Forecast to 2027 (US$ Million)
Table 10. Europe Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 11. Europe Temperature and Pressure Switches Market, By End-User– Revenue and Forecast to 2027 (US$ Million)
Table 12. Germany Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 13. Germany Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 14. France Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 15. France Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 16. Italy Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 17. Italy Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 18. UK Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 19. UK Temperature and Pressure Switches Market, By End-User– Revenue and Forecast to 2027 (US$ Million)
Table 20. Russia Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 21. Russia Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 22. Rest of Europe Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 23. Rest of Europe Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 24. APAC Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 25. APAC Temperature and Pressure Switches Market, By End-User– Revenue and Forecast to 2027 (US$ Million)
Table 26. China Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 27. China Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 28. India Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 29. India Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 30. Japan Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 31. Japan Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 32. South Korea Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 33. South Korea Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 34. Australia Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 35. Australia Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 36. Rest of APAC Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 37. Rest Of APAC Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 38. MEA Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 39. MEA Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 40. UAE Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 41. UAE Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 42. Saudi Arabia Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 43. Saudi Arabia Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 44. South Africa Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 45. South Africa Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 46. Rest of MEA Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 47. Rest Of MEA Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 48. SAM Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 49. SAM Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 50. Brazil Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 51. Brazil Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 52. Argentina Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 53. Argentina Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 54. Rest of SAM Temperature and Pressure Switches Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 55. Rest Of SAM Temperature and Pressure Switches Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
LIST OF FIGURES
Figure 1. Temperature and Pressure Switches Market Segmentation
Figure 2. Temperature and Pressure Switches Market Segmentation – By Geography
Figure 3. Global Temperature and Pressure Switches Market Overview
Figure 4. Pressure Switches held the Largest Share of Temperature and Pressure Switches Market
Figure 5. Automotive Segment held the Largest Share of Temperature and Pressure Switches Market
Figure 6. North America to Show Great Traction During Forecast Period
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia-Pacific: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. South America: PEST Analysis
Figure 12. Temperature and Pressure Switches Market- Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Temperature and Pressure Switches Market Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Temperature and Pressure Switches Market
Figure 16. Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Temperature and Pressure Switches Market Breakdown, By Product Type, 2018 & 2027 (%)
Figure 18. Temperature Switches Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Pressure Switches Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Global Temperature and Pressure Switches Market Breakdown, By End-User, 2019 & 2027 (%)
Figure 21. Global Residential and Commercial Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. Global Food and Beverages Market Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Global Marine Market Revenue and Forecast to 2027 (US$ Mn)
Figure 24. Global Automotive Market Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Global Aerospace and Defense Market Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Global Chemicals Market Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Global Oil and Gas Market Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Global Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 29. Global Temperature and Pressure Switches Market Revenue Share, By Region (2019 and 2027)
Figure 30. North America: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. North America Temperature and Pressure Switches Market Revenue Share, By Product Type (2019 and 2027)
Figure 32. North America Temperature and Pressure Switches Market Revenue Share, By End-User (2019 and 2027)
Figure 33. North America Temperature and Pressure Switches Market Revenue Share, By Country (2019 and 2027)
Figure 34. US: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. Canada: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Mexico: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Europe: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. Europe: Temperature and Pressure Switches Market Revenue Share, By Product Type (2019 and 2027)
Figure 39. Europe: Temperature and Pressure Switches Market Revenue Share, By End-User (2019 and 2027)
Figure 40. Europe: Temperature and Pressure Switches Market Revenue Share, By Country (2019 and 2027)
Figure 41. Germany: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 42. France: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. Italy: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 44. UK: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 45. Russia: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 46. Rest of Europe: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 47. APAC: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 48. APAC: Temperature and Pressure Switches Market Revenue Share, By Product Type (2019 and 2027)
Figure 49. APAC: Temperature and Pressure Switches Market Revenue Share, By End-User (2019 and 2027)
Figure 50. APAC: Temperature and Pressure Switches Market Revenue Share, By Country (2019 and 2027)
Figure 51. China: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. India: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. Japan: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 54. South Korea: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 55. Australia: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 56. Rest of APAC: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 57. MEA: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 58. MEA: Temperature and Pressure Switches Market Revenue Share, By Product Type (2019 and 2027)
Figure 59. MEA: Temperature and Pressure Switches Market Revenue Share, By End-User (2019 and 2027)
Figure 60. MEA: Temperature and Pressure Switches Market Revenue Share, By Country (2019 and 2027)
Figure 61. UAE: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 62. Saudi Arabia: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 63. South Africa: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. Rest of MEA: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 65. SAM: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 66. SAM: Temperature and Pressure Switches Market Revenue Share, By Product Type (2019 and 2027)
Figure 67. SAM: Temperature and Pressure Switches Market Revenue Share, By End-User (2019 and 2027)
Figure 68. SAM: Temperature and Pressure Switches Market Revenue Share, By Country (2019 and 2027)
Figure 69. Brazil: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 70. Argentina: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 71. Rest of SAM: Temperature and Pressure Switches Market – Revenue and Forecast to 2027 (US$ Million)
Figure 72. Impact of COVID-19 Pandemic in North American Country Markets
Figure 73. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 74. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 75. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 76. Impact of COVID-19 Pandemic in South America Country Markets
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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