Pressure Switches Market Size, Share, and Trends 2024 to 2033

The pressure switches market size was estimated at USD 2.38 billion in 2023 and is predicted to hit around USD 3.78 billion by 2033 with a CAGR of 4.74% from 2024 to 2033.

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Key Takeaways

• Asia Pacific dominated the market with the largest share of 43% in 2023.
• By type, the solid-state segment accounted for a significant share in the year 2023.
• By type, the electromechanical segment is observed to grow at a significant rate during the forecast period.
• By pressure range, the below 100 bar segment held the largest in 2023.
• By application, the HVAC segment dominated the market with the largest share in 2023.
• By end user, the automotive & transportation segment held the largest share of the market in 2023.
• By end user, the process and manufacturing industry segment is observed to grow at a notable rate during the forecast period.

Pressure Switches Market in the Asia Pacific 2024 to 2033

The Asia Pacific pressure switches market size was valued at USD 1.02 billion in 2023 and is anticipated to reach around USD 1.63 billion by 2033, poised to grow at a CAGR of 4.79% from 2024 to 2033.

Asia Pacific held the largest share of the pressure switches market in 2023. The growth of the region is attributed to the presence of prominent market players, increasing electricity demand, rising progress of industrialization, growing demand for water pumps and electrical gas compressors, rapid adoption of advanced technology, robust growth of the manufacturing industry, increasing investment by major companies, and rising focus on renewable energy for energy efficiency. Moreover, the increasing use of automation in industrial infrastructure has led to the reduction of human error, boosted productivity, and reduced manufacturing cost and time, which in turn accelerates the expansion of the pressure switches market in the coming years.

In the region, developing countries such as China, India, and Japan are the major contributors to the market. The increasing investments in process and manufacturing industries, as well as the expansion of industrial activity in these countries, create a significant growth in demand for pressure switches. Japan and China are technologically advanced producers of electronics products. Furthermore, private companies and governments in the Asia-Pacific region have witnessed a substantial increase in renewable energy investment. Pressure switches are widely being used in solar and wind power-producing facilities due to the global shift to more sustainable energy sources. Key players in the region are emphasizing enhancing their product offerings through various strategic approaches.

• In July 2022, WIKA India announced the launch of the PSM-630, an automatic, heavy-duty pressure switch for applications like air compressors and water pumps. The model PSM-630 can also be used in industrial control, monitoring, and alarm applications. The switch point is designed in a way that it can be manually adjusted by the customer on-site and adjustable for automatic cut-off within the prescribed range.
• For instance, according to the report published by IEA, in 2022, the Indian electricity demand rose by 8.4% driven by a combination of high summer temperatures and its strong post-pandemic economic recovery.

Pressure Switches Market Overview

The pressure switches market offers control equipment that arew extensively used to monitor and control fluid pressure in a system. It can be an electronic or mechanical device that employs an electrical contact whenever a liquid pressure reaches a certain threshold or set point. These switches make an electrical contact on either pressure rise or fall from a specific pressure level. Pressure-based switches are crucial components in several industries, and the pressure switches market has grown significantly due to its multiple applications that ensure the efficiency, safety, and proper functioning of equipment.

Pressure switches are available in a wide range of residential and industrial applications, such as pumps, HVAC systems, furnaces, and many others. The pressure point that mainly activates the switch is broadly known as the set point and the pressure threshold that works to deactivate the switch is known as the cut-out point. In addition, pressure switches are used in process control systems to maintain steady pneumatic or mechanical pressure properly.

Pressure Switches Market Scope

Pressure Switches Market Dynamics

Driver

Increasing applications of pressure switch

The increasing number of applications of pressure switches is expected to boost the growth of the pressure switches market. Pressure switches are extensively used for various domestic and commercial applications. HVAC, air pumps, gas cylinders, and others use air compressor pressure switches to control and monitor the system air pressure. For residential, commercial, and industrial applications, well pump pressure switches are utilized to bring water from the well and also ensure auto-regulate water flow.

Vacuum pressure switches are used to measure the vacuum or any negative pressure in the system. They are widely found in boilers, air compressors, electric heaters, transmission systems, and others. Furnace pressure switches can be operated as safety instruments, as they detect negative pressure in several applications. For instance, if there is low air pressure during the furnace start-up, they shut down the furnace. Medical equipment like oxygen delivery systems uses pressure switches to monitor the incoming gas pressure. Such supportive factors are contributing to the market's growth during the forecast period.

Restraint

High cost

The high cost associated with pressure switches is anticipated to hamper the market's growth. The pressure switches are expensive, which may discourage small end-user industries due to budget constraints, which may impact the revenue of the market and likely restrict expansion of the global pressure switches market.

Opportunity

Increasing demand for automation

The increasing demand for automation is projected to offer a lucrative opportunity for the growth of the pressure switches market during the forecast period. The increase in industrial activity makes use of automation, which enhances productivity, reduces human error, and significantly lowers operational costs. In industries, these switches are used for equipment control, including plastic molding injection, press machines, welding machines, and others. Additionally, the robust growth of manufacturing and processing industries requires advanced equipment, which is expected to spur the demand for pressure switches in the coming years.

India has become an attractive location for multinationals across a wide range of industries. India's manufacturing sector is experiencing a substantial rise in investments, which boosts the nation's economic landscape. A report published by Colliers indicates India's manufacturing market will reach USD 1 trillion by 2025-26, with Gujarat becoming India's manufacturing powerhouse, followed by Maharashtra, then Tamil Nadu.

Type Insights

The solid-state segment held a significant share of the pressure switches market in 2023; the segment is observed to grow in the coming years. Solid-state pressure switches offer various benefits over electromechanical switches, such as high accuracy, long-term stability, capability to handle a wide range of system pressures, broad frequency response, and high resistance to shock and vibration. Solid state switches are no-moving part devices and offer several benefits that make them suitable for medical, mobile, off-highway, and industrial applications. Solid-state pressure switches may also have one to four or more switch points, digital displays, and analog and digital outputs. Thereby driving the segment's growth.

The electromechanical segment is observed to grow at a significant rate during the forecast period. Electromechanical pressure switches comprise a sensing component and an electrical snap-action switch. These switches follow the traditional-style mechanical switches that are composed of moving parts. Various types of transducers, such as the diaphragm and the Bourdon type, are used to operate the switch mechanically. Diaphragm switches use the metal diaphragm to operate the switch, whereas Bourdon switches use a bourdon tube to operate the switch. These switches are capable of switching to higher currents and are not voltage-dependent.

Pressure Range Insights

The below 100 Bar segment held the dominating share of the pressure switches market and is expected to sustain the position throughout the forecast period due to its increasing use in the automotive and transportation sectors. Below 100 Bar pressure switches are used in engine and transmission oils systems, HVAC systems, hydraulic braking systems, pneumatic equipment, and generators.

Application Insights

The HVAC segment held the dominating share of the pressure switches market in 2023. The HVAC industry has experienced the maximum use of pressure switches owing to the rising consumption in emerging nations. Pressure switches in HVAC equipment serve for safety purposes and better maintenance. The air pressure switches in the HVAC equipment assist in detecting minimum and maximum set points. Equipment such as compressors, fans, air conditioners, pumps, and many others use pressure switches to control and monitor these devices.

• In October 2023, Sensata Technologies launched of the Sensata Resonix RGD Sensor, the first leak detection sensor with UL certification for multiple A2L refrigerant gases used in heating, ventilation, and air conditioning (HVAC) equipment. The new leak detection sensors are expected to support HVAC manufacturers' transition to refrigerants with a lower global warming impact.

End-User Insights

The automotive & transportation segment held the largest share of the pressure switches market in 2023. Pressure switches play a crucial role in the automotive & transportation sector. Pressure switches, monitors, and control systems for multiple applications such as marine, railway, and roadways. These switches are widely used for engine oil monitoring and transmissions & power steering. Hydraulic switches are utilized for controlling the air bellows within trucks. In railways, pressure switches are used for brakes, air suspension, shoe gear, compressor control, and others. Therefore, the rising use of these switches for major applications in the automotive & transportation sectors also increases investments and is projected to boost the demand for pressure switches.

The process and manufacturing industry segment is observed to grow at a notable rate during the forecast period. The process and manufacturing industry relies heavily on automation to streamline operations, increase efficiency, and ensure consistent product quality. Pressure switches play a crucial role in automated systems by monitoring and controlling pressure levels in various industrial processes, such as hydraulic systems, pneumatic systems, and manufacturing equipment. Pressure switches are integral components of process control systems used in industries such as oil and gas, chemical processing, water treatment, and food and beverage manufacturing. These switches monitor pressure variations in pipelines, tanks, vessels, and machinery, enabling precise control of process parameters and ensuring optimal performance and product quality.

Recent Developments

• In May 2021, BD|SENSORS GmbH launched an electric pressure switch DS5 for mobile working machines such as cranes, excavators, and harvesters. This component plays an important role in monitoring and controlling the working pressure in hydraulic units, cooling systems, and steering aids.
• In August 2022, Superior Sensor Technology unveiled an integrated pressure switch feature with three threshold pressure modes as part of its Nimble Sense architecture, a system-in-a-sensor, application-specific pressure sensor platform for HVAC, medical, and industrial products. The pressure switch can maximize design flexibility, reduce PCB board space, lower power consumption, and reduce product design complexity and manufacturing costs.

Pressure Switches Market Companies

• Danfoss
• Parker
• Baumer Group
• Honeywell International Inc.
• SMC Corporation
• Endress+Hauser Consult AG
• Eaton
• Suco
• Emerson
• Bosch Rexroth
• Schlumberger
• United Technologies Corporation
• ABB
• Siemens
• GE
• Pentair
• Spirax Sarco
• EBM Papst
• Gems Sensors & Controls
• Burkert
• Schneider Electric.

Segments Covered in the Report

By Type

• Electromechanical
• Solid-state

By Pressure Range

• Below 100 Bar
• 100 to 400 Bar
• Above 400 Bar

By Application

• HVAC
• Monitoring & Control
• Safety & Alarm System
• Hydraulics & Pneumatics

By End Use

• Automotive & Transportation
• Process & Manufacturing Industry
• Commercial

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa