Global Temperature and Pressure Switches Market Insights, Forecast to 2028

A temperature switch is a device that functions in response to change in temperature. Temperature switch typically works like a normal electrical switch to on/off application. In this case, it is used to on or off at discrete process temperatures. Additionally, a pressure switch is also a form of switch that operates to provide systems with electrical feedback in response to measuring a rise or fall in pressure. These Pressure switches are used across a large range of industry and manufacturing applications. As per the working, pressure switch opens or closes a switch contact when a preset pressure is reached.
Market Analysis and Insights: Global Temperature and Pressure Switches Market
Due to the COVID-19 pandemic, the global Temperature and Pressure Switches market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Temperature Switches accounting for % of the Temperature and Pressure Switches global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Residential segment is altered to an % CAGR throughout this forecast period.
China Temperature and Pressure Switches market size is valued at US$ million in 2021, while the US and Europe Temperature and Pressure Switches are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Temperature and Pressure Switches landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Temperature and Pressure Switches include Danfoss, PARKER HANNIFIN CORP, United Products, Robert Bosch, Schneider Electric, Texas Instruments, Kulite Semiconductor Products, ABB and Georgin. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Temperature and Pressure Switches capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Temperature and Pressure Switches by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Temperature and Pressure Switches Scope and Segment
Temperature and Pressure Switches market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Temperature and Pressure Switches market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Temperature Switches
Pressure Switches
Segment by Application
Residential
Commercial
Industrial
By Company
Danfoss
PARKER HANNIFIN CORP
United Products
Robert Bosch
Schneider Electric
Texas Instruments
Kulite Semiconductor Products
ABB
Georgin
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE