pressure switches for HVAC applications. So, the rising demand of HVAC systems has led t o
highest CAGR of pressure switches in HVAC segment from 2018 to 2023.
The automotive & transportation segment of the pressure switch market, by end -user, is
expected to grow at the highest CAGR during the forecast period.
The automotive & transportation segment is projected to grow at the highest CAGR from 2018 to
2023. Pressure switches play a vital role in the automotive & transportation segment by providing
monitoring and control system to various applications such as railway, marine, and roadways. For
instance, in railways, pressure switches are used for brakes, horn operation, air suspension, shoe
gear, and compressor control, etc. Thus, the increasing use of pressure switches for major
applications in the automotive sector and increasing investments in the transportation sector is
expected to drive the demand for pressure switches in the automotive & transportation sector.
Asia Pacific: The leading market for pressure switch
The pressure switch market has been analyzed with respect to 5 regions, namel y, Asia Pacific,
North America, South America, Europe, and Middle East & Africa. Asia Pacific led the global
pressure switch market in 2017. China and Japan are the largest markets for pressure switches in
the region. The government of China plans to enhance the investments toward process and
manufacturing industries, thus creating a demand for the pressure switch market in the country.
Meanwhile, Japan is one of the technologically advanced producers of automobiles, electronics,
ships, and processed industries. Therefore, factors such as increasing investments toward the
transportation and manufacturing sector is expected to drive the pressure switch market in the
region.
To enable an in-depth understanding of the competitive landscape, the report includes the
profiles of some of the top players in the pressure switch market. The key players ABB
(Switzerland), Eaton (Ireland), Danfoss (Denmark), Schlumberger (US), and Parker (US). The
leading players are adopting various strategies to increase their shares in the pressure switch
market.
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