Pressure Switch Market Future Scope, Competitive Analysis
and Revenue till 2023
The report "Pressure Switch Market by Type (Electromechanical, Solid State), Pressure Range
(Below 100 bar, 100–400 bar, Above 400 bar), Application (HVAC, Monitoring & Control,
Safety & Alarm Systems, Hydraulics & Pneumatics), End-User - Global Forecast to 2023",
The pressure switch market is expected to grow from an estimated USD 1.69 billion in 2018 to
USD 2.09 billion by 2023, at a CAGR of 4.39%, from 2018 to 2023. Rising focus on process
automation and rising investments in the transportation sector are expected to drive the pressure
switch market. Moreover, the low cost of pressure switches coupled with their multi-functionality
has resulted in wide use of pressure switches in applications in oil & gas, chemicals, power
generation, water & wastewater, and mining industries.
Browse 65 market data Tables and 41 Figures spread through 120 Pages and in-depth TOC
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and Antioxidants), Application (Bakery, Confectionery, Processed Meat, and Convenience
Food), Form (Liquid and Solid), Function, and Region - Global Forecast to 2023"
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The electromechanical segment is expected to hold the largest share of the pressure switch
market, by type, during the forecast period.
The electromechanical segment led the pressure switch market in 2017 and is projected to have
the largest market share, during the forecast period. Increasing deployment of electromechanical
pressure switches in commercial and industrial applications is likely to drive the demand for the
electromechanical segment in the pressure switch market.
The HVAC segment of the pressure switch market, by application, is expected to grow at
the highest CAGR during the forecast period.
The HVAC segment is projected to grow at the highest CAGR from 2018 to 2023. As a part of
HVAC systems, equipment such as pumps, compressors, fans, air conditioners, and so on are used
and pressure switches are used to control these equipment. The use of pressure switches helps
HVAC systems to operate at optimum levels and improved maintenance. The companies such as
Honeywell, BD | Sensors, Barksdale, and KOBO among others are involved in provision of