Global Industrial Limit Switches Market 2017-2021
About Industrial Limit Switches
Limit switch is a product that helps in preventing the motion of an object past its predetermined point. It is mechanically operated with the motion of the object. Limit switches are mainly used for process measurement as a safety equipment and to improve accuracy and precision. Control switches are devices that are mainly used to control the operational functions of equipment and machinery. They also help in reducing operational downtime caused by machine breakdown. The global control switches market is mainly driven by the demand for limit switches, and this is expected to continue throughout the forecast period.
Technavio’s analysts forecast the global industrial limit switches market to grow at a CAGR of 4.13% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial limit switches market for 2017-2021. To calculate the market size, the report considers the new installations, replacements, and services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Limit Switches Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial limit switches market: ABB, Eaton, Honeywell, Schneider Electric, and Rockwell Automation
Other Prominent Vendors in the market are: BCH Electric, Bernstein, Crouzet, Elabou, W. Gessmann, Omron, Pepperl+Fuchs, SAMSON Controls, and Schmersal.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Use of wireless industrial limit switches. Many vendors of industrial limit switches are investing in research and development to improve the product quality and differentiate themselves from their competitors. One of the issues faced with regular limit switches is installation, as frequent maintenance is required. However, vendors like Honeywell have introduced wireless limit switches that are easier to install and operate.”
According to the report, one of the major drivers for this market is High demand from packaging and material handling industry. A major demand for limit switches is from the packaging and material handling applications, as these switches are used in the pivot arm in the packaging and material handling industry. Limit switches help in recognizing and measuring the space available in storage units, and from the feedback, they select an aisle for storing the goods.
Further, the report states that one of the major factors hindering the growth of this market is Increase in demand for sensors. Many industries have started using photoelectric sensors and proximity sensors as they cost lower than industrial limit switches. The functional capability of these sensors is similar/advanced in comparison to industrial limit switches.
ABB, Eaton, Honeywell, Schneider Electric, Rockwell Automation, BCH Electric, Bernstein, Crouzet, Elabou, W. Gessmann, Omron, Pepperl+Fuchs, SAMSON Controls, and Schmersal.
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