Global Float Switch Market 2017-2021
About Float Switch
Float switches are used to detect the level of liquids in storage tanks. These can also be used to control the pumping function or as an indicator. Float switches are controllers with a conductor floating in the liquid. These switches are used to check the raising or decreasing liquid level, and switches on the pumps are switched on/off accordingly. Float switches are level switches used for measurement. These switches can be divided into horizontally mountable and vertically mountable switches.
Technavio’s analysts forecast the global float switch market to grow at a CAGR of 3.48% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global float switch market for 2017-2021. To calculate the market size, the report considers new installations, retrofit, replacement, aftermarket, and services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Float Switch Market 2017-2021
Technavio recognizes the following companies as the key players in the global float switch market: Baumer, Emerson, OMEGA Engineering, SMD Fluid Controls, and WIKA.
Other Prominent Vendors in the market are: Entegris, Besta (Bachofen Holding), Endress+Hauser, FPI Sensors, FineTek, Gems Sensors & Controls, KOBOLD Messring, Madison, and SOR.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of automated wireless pump control products. Vendors have introduced automated wireless pump control products to improve the efficiency of pump control. These products can be connected to float and mechanical switches. These devices help in remotely controlling the functions of the pumps, such as the flow of liquids and speed of the motor.”
According to the report, one driver in the market is increasing need for process automation. Many end-user industries are upgrading their existing manufacturing facilities to improve the efficiency of the plants and reduce the operating costs. With the help of automation and robotic solutions, manufacturing facilities can improve the quality of their production, thereby improving the efficiency. With the help of IIoT, these manufacturing facilities can collect data, which can be used for analytics and strategic decision making. With the help of automation, the precision and quality of work can be maintained, which helps in improving the output of the products.
Further, the report states that one challenge in the market is premature failure of float switches. Certain models of float switches are not suitable for certain applications, which causes float switch failure. Failure may occur due to the temperature of the liquid, which could affect the functioning of the switches, corrosion of float switches of due to exposure of these switches to various viscous liquids, and improper installations. These factors can damage the float switches and raise the need for their replacement on a frequent basis. The lack of awareness during the selection of float switches is the major reason for the premature failure.
Baumer, Emerson, OMEGA Engineering, SMD Fluid Controls, WIKA, Entegris, Besta (Bachofen Holding), Endress+Hauser, FPI Sensors, FineTek, Gems Sensors & Controls, KOBOLD Messring, Madison, and SOR.