Pressure Switches Squeezing A Couple Billion Out Of The Market

MarketsandMarkets’ research report "Pressure Switch Market by Type, Pressure Range, Application, End-User - Global Forecast to 2023", indicates the pressure-switch market is expected to grow from an estimated $1.69 billion in 2018 to $2.09 billion by 2023, at a CAGR of 4.39%, from 2018 to 2023. Rising focus on process automation and 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 results in wide use of the components in applications such as oil & gas, chemicals, power generation, water & wastewater, and mining industries.


Report Takeaways

Fierce AI Week

Register today for Fierce AI Week - a free virtual event | August 10-12

Advances in AI and Machine Learning are adding an unprecedented level of intelligence to everything through capabilities such as speech processing and image & facial recognition. An essential event for design engineers and AI professionals, Engineering AI sessions during Fierce AI Week explore some of the most innovative real-world applications today, the technological advances that are accelerating adoption of AI and Machine Learning, and what the future holds for this game-changing technology.
  • The electromechanical segment is expected to hold the largest share of the Pressure Switch Market, by type, during the forecast period.
  • The HVAC segment of the Pressure Switch Market, by application, is expected to grow at the highest CAGR during the forecast period.
  • The automotive & transportation segment of the Pressure Switch Market, by end-user, is expected to grow at the highest CAGR during the forecast period.
  • Asia Pacific: The leading market for pressure switch
  • Top players in the pressure-switch market include ABB (Switzerland), Eaton (Ireland), Danfoss (Denmark), Schlumberger (US), and Parker (US).  

Feeling pressured to learn more? If so, you can browse the "Pressure Switch Market" report.


MarketsandMarkets Inc.

Northbrook, IL


[email protected]

Suggested Articles

Iowa State University researchers are working with NSF grant

Brain Corp. reported a sharp increase in autonomous robot usage in 2Q

Nvidia DGX accelerators helped train system from 150,000 chest X-rays with inference results in less than a second