This market research report includes a detailed segmentation of the global industrial control switches market by product (limit switches, rotary switches, and push buttons) and by geography (Americas, APAC, and EMEA). The key vendors analyzed in this market study are ABB, Eaton, Emerson Electric, GE, Rockwell Automation, and Schneider Electric.
Technavio’s market research analysts estimate the global industrial control switches market, to grow at a CAGR of nearly 3% between 2016 and 2020. There is growing need for industrial control switches owing to its wide range of applications in manufacturing processes, such as material handling, packaging, assembly, robot cells, conveyor systems, and transport systems. Moreover, the ability of control switches to lower the chances of machine breakdown and to reduce the need for continuous maintenance by bringing about operational stability will result in its augmented adoption during the forecast period. APAC is the largest revenue-contributing region in the global industrial switches market, accounting for 36% of the total market share.
The new market research report from Technavio provides a breakdown and analysis of the industrial control switches segments by technology.
“Rising need for power control is a key driver of industrial control switches market. Recently, it has been observed that the process of industrialization in developed countries such as Japan, the US, and Germany – is being replicated in emerging economies like China, India, and Brazil. Such infrastructure expansion will necessitate the extensive utilization of power control switches like disconnect switches, cam switches, and push buttons as they help to bring about operational stability. Similarly, in the automotive industry, industrial control switches are in high demand as they help users to control machines that operate at variable speeds,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research
The limit switches segment is the faeste-growing segment in the market, and accounts for nearly half of the total market share. The extensive adoption limit switches across various end-user industries like automotive, metals and mining, plastic, glass, and heavy machinery will result in this segment’s high growth during the forecast period. Limit switches are accurate, and therefore reduces the possibility of error. The devices equipped with limit switches have a high mechanical life of more than 30 million operations, which cannot be replicated by ordinary control switches.
The leading vemdors in the global industrial control switches market are ABB, Eaton, Emerson Electric, GE, Rockwell Automation, and Schneider Electric. The market is highly competitive as many vendors provide the same products without much differentiation. Due to the rising competition between key vendors and domestic suppliers, the level of competition in this market is anticipated to escalate rapidly over the next few years. To survive in this market, the vendors have to adopt strategies like M&A as it will help them to bolster their product offerings and revenue generating capacity.
A more detailed analysis is available in the Technavio report Global Industrial Control Switches Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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