Pressure Switch Market

Pressure Switch Market Overview for 2024 to 2034

The pressure switch market is estimated to be valued at USD 2.1 billion in 2024. The market is expected to progress at a CAGR of 5.1% from 2024 to 2034. By 2034, sales of pressure switches are anticipated to reach a value of USD 3.5 billion.

Attributes	Details
Pressure Switch Market Value, 2024	USD 2.1 billion
Projected Market Value, 2034	USD 3.5 billion
Value-based CAGR from 2024 to 2034	5.1%

Key Market Highlights

• With HVAC systems becoming more of a necessity for a certain contingent of people, the use of pressure switches is becoming more widespread.
• Electric pressure switches are gaining in popularity as the days of manual operating in systems are passing by.
• HVAC systems are playing an integral role in the development of smart residences. As the number of smart homes is increasing, the demand for HVAC systems, and in turn, sales of pressure switches is growing.
• Government initiatives are helping the adoption of HVAC systems in homes. Government schemes to develop smart cities and smart spaces are helping the development of the pressure switch industry.
• With factories moving toward industrial automation, pressure switches are one way through which factories are getting automated, providing a conduit through which fluids are controlled without human intervention.

Pressure Switch Industry Trends

• Malfunctioning machinery has the potential for significant repair outlay to factories. Pressure switches are being used to forewarn changes in pressure, thus enabling workers to maintain equipment efficiently and prevent damage.
• Pressure switches are being increasingly used in automobile manufacturing industries. As automobile manufacturing practices expand with the penetration of automobiles into remote areas, the pressure switch industry is benefitting.
• Pressure switch use in railways is increasing due to the increasing number of cities investing in metro projects as well as governments expanding rail networks.
• Hydraulic and pneumatic systems use pressure switches due to their superior fluid handling capabilities, driving the market.
• Pressure switches are being used in alarm systems as a way to make sure the security system does not continuously sound off alarms.
• Pressure switch manufacturers are looking to integrate technology and improve the effectiveness of the product. This has led to the development of pressure switches that can withstand changes in the atmosphere and water-proof pressure switches.

Category-wise Insights

Electromechanical pressure switches are the top type in the market. The pressure range predominantly used in the application of pressure switches is below 100 bars.

Increasing Industrial Application Drives Sales of Electromechanical Type Pressure Switches

Sales of electromechanical pressure switches are expected to progress at a CAGR of 4.9% over the forecast period. Some of the factors influencing the progress of electromagnetic pressure switches are:

• Electromechanical pressure switches have emerged as the go-to option for many industries, for example, automotive. Thus, the electromechanical version of the product is the predominant one.
• Electromechanical pressure switches are preferred for HVAC systems in commercial settings, and thus, they are maintaining their position at the top.

Attributes	Details
Top Type	Electromechanical
CAGR (2024 to 2034)	4.9%

Pressure Switches with Pressure Ranges Below 100 Bars are Enough for Most Industry Units

The demand for pressure switches below 100 bar pressure range is predicted to progress at a CAGR of 4.7%. Some of the reasons for the progress of below 100 bars pressure switches are:

• A pressure range of below 100 bars is generally satisfying enough for most HVAC systems. Pressure ranges of above 100 bars are used in large industrial settings, but for the moment, below 100 bars pressure switches are predominantly in use.
• Pressure switches with a pressure range below 100 bars are cheaper to manufacture than those with high-pressure ranges and are thus the most popular ones.

Attributes	Details
Top Pressure Range	Below 100 Bars
CAGR (2024 to 2034)	4.7%

Country-Wise Analysis

The European inclination toward industry automation is helping the cause of the pressure switch market in the region. North Americans’ tendency to adopt advanced technologies for industrial work positively influences the market in the region.

The developing countries in Asia Pacific are embracing local manufacturing. Thus, the application of pressure switches is increasing in the industrial sector of the region.

Countries	CAGR (2024 to 2034)
United Kingdom	3.7%
China	5.9%
Japan	6.6%
South Korea	7.4%
United States	5.4%

Increasing Adoption of HVAC Systems in Residencies Bolstering the Market in the United Kingdom

The CAGR for the market in the United Kingdom is anticipated to be 3.7% over the forecast period. Some of the factors influencing the growth of the market in the country are:

• With the likes of air conditioning and heating systems becoming a part of the furniture in the homes of the United Kingdom’s population, the demand for pressure switches is increasing in the country.
• Electric pressure switches are climbing in popularity in the United Kingdom.

China’s Significant Urban Population Fueling Demand for Pressure Switches

The market in China is expected to grow at a CAGR of 5.9%. Some of the factors responsible for the growth of the market are:

• HVAC systems are becoming more commonplace in Chinese homes. The rapid growth of the Chinese urban population plays a crucial role in the proliferation of HVAC systems, and, in turn pressure switches in the country.
• With disposable income levels rising in China, more people are willing to buy HVAC systems for their residences, positively influencing the demand for the pressure switch industry.

Japan’s Automobile Manufacturing Capabilities Driving Sales of Pressure Switches

The market is expected to progress at a CAGR of 6.6% in Japan. Some factors influencing the progress are:

• Automobile manufacturing in Japan is growing by leaps and bounds, and thus, pressure switch usage in the country is accelerating.
• Japan’s metros are famed and the rise in metro projects in the country is leading to more demand for pressure switches.

Smart City Initiatives by the South Korean Government Enhance the Market’s Prospects in the Country

The market is expected to progress at a CAGR of 7.4% in South Korea. Some factors influencing the progress are:

• The South Korean government is concentrated on the development of smart cities and smart spaces. These smart spaces involve the use of HVAC systems in increasing measure, thus increasing the demand for pressure switches.
• Cross-country railroad projects in South Korea are increasing in number and pressure switches are thus being called upon more frequently in the country.

Adoption of Alarm Systems in the United States Bolstering Demand for Pressure Switches

The market is expected to progress at a CAGR of 5.4% in the United States. Some factors influencing the progress are:

• With break-ins posing a significant security threat in the United States, security systems are being integrated into homes in greater measure in the country, thereby propelling the demand for pressure switches.
• The hydraulics and pneumatics industry in the United States is progressing consistently and the demand for pressure switches is increasing.

Competitive Landscape in the Pressure Switch Market

Investments in research and development are high in the pressure switch industry, as a way for the product to incorporate advanced technology. The focus of industry players is on offering cost-effective products to consumers, and thus, improvements in the manufacturing process are also sought.

Players in the market for pressure switches are engaging in collaborative strategies with end-user industries to increase their market footprint. Mergers and acquisitions are also common occurrences in the pressure switch competitive landscape.

Recent Developments in the Pressure Switch Market

• In January 2022, Eaton announced that it had completed the acquisition of American manufacturer Royal Power Options, increasing its foothold in the market.
• In July 2020, it was announced that Hitachi had entered an agreement to buy 80.1% of the power grid operations of ABB.
• In August 2023, the WIKA PSD-4 was launched by WIKA Instruments. The pressure switch is geared towards use in industrial automation tasks, while also boasting of being able to operate in harsh conditions.

Key Companies in the Pressure Switch Market

• Hitachi Power ABB Grids
• Eaton
• Parker Hannifin Corp.
• Barksdale Inc.
• BD|SENSORS GmbH
• Tameson B.V
• LEFOO
• Emerson
• Danfoss
• SMC Corporation
• Fox S.r.l.
• MAMCO
• Nason

Key Coverage in the Pressure Switch Market Report

• Pressure Switch Market Size and Share Analysis
• Pressure Switch Pressure Range Coverage
• Pressure Switch Industry Forecast
• Pressure Switch Industry Application Overview
• Pressure Switch and Pressure Sensor Growth Comparison Analysis
• Pressure Switch Market in India Analysis

Key Market Segmentation

By Type:

• Electromechanical
• Solid-State

By Application:

• HVAC
• Monitoring & Control
• Safety and Alarm Systems
• Hydraulics & Pneumatics

By Pressure Range:

• Below 100 bars
• 100 - 400 bars
• Above 400 bars

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

Frequently Asked Questions

How Big is the Pressure Switch Market?

The size of the pressure switch market is estimated to be USD 2.1 billion in 2024.

At What Rate is the Pressure Switch Market Expected to Grow?

The pressure switch market is expected to increase at a CAGR of 5.1% over the forecast period.

What is the Scope of the Pressure Switch Market in the United States?

The pressure switch market in the United States is expected to register a CAGR of 5.4% from 2024 to 2034.

What is the Valuation Forecast of the Pressure Switch Market?

The pressure switch market is forecasted to reach a size of USD 3.5 billion by 2034.

What are the Key Trends in the Pressure Switch Industry?

The use of pressure switches in the hydraulics & pneumatics industry and a rise in metro projects are two of the trends in the pressure switch industry.

Which are the Key Companies in the Pressure Switch Market?

Hitachi Power ABB Grids, Eaton, Parker Hannifin Corp., and Barksdale Inc. are some of the prominent companies in the pressure switch market.

What is the Top Type of Pressure Switch?

Electromechanical pressure switches are the top type in the market.

What is the Scope of Pressure Switches in China?

The pressure switch market in China is expected to register a CAGR of 5.9% from 2024 to 2034.