Rotary Limit Switches Market Introduction and Overview
According to SPER Market Research, the Global Rotary Limit Switches Market is estimated to reach USD 1.7 billion by 2033 with a CAGR of 6.6%.
The report includes an in-depth analysis of the Global Rotary Limit Switches market, including market size and trends, product mix, distribution channels, and supplier analysis. Electromechanical controls known as rotary limit switches feature an input shaft, an equipment reducer, a sign transmitter, and limit or protection switches. To switch a load, rotary limit switches use solid-state (gear type) or electromechanical (encoded type) switches. In electromechanical switches, the actuators are physically in contact with moving components like knobs, levers, and arms. Solid-state switches may detect other objects using an optical sensor. In order to operate gantry cranes, track cranes, wall-mounted jib cranes, and construction site winches, rotary limit switches are frequently employed in industrial and construction lifting facilities.
- The Schmersal Group developed explosion-proof versions of its existing lineup of switches for heavy industries in August 2021, making them appropriate for usage in potentially explosive environments.
- A Swiss producer of electromechanical precision components, Micro Precision Electronics SA, was purchased by Crouzet Automation in November 2019.
Market Opportunities and Challenges
The Rotary Limit Switches market has a variety of opportunities and challenges. On the opportunity side, Growing demand from the material handling, electronics and automated machinery, flammable chemical production, and other industrial industries is expected to increase opportunities for rotary limit switch manufacturers. Thus, the increasing use of limit switches in industrial applications is a significant element that will offer opportunities for rotary limit switch manufacturers in the next years.
The Rotary Limit Switches market is facing a number of key issues that will have an influence on its growth and competition. For starters, advances in automation and control systems have resulted in the development of alternative sensor technologies, including as encoders and proximity sensors, that can provide more precise and real-time location feedback. This presents a hurdle for Rotary Limit Switches, which may be perceived as obsolete or less accurate in comparison.
Market Competitive Landscape
The supply chain for rotary limit switches has gotten better over the past several years as a result of an increase in acquisitions and growth operations. Important market participants are focusing on business development through alliances, contracts, mergers, and acquisitions to increase their market share in national and international marketplaces, as well as new product launches to broaden their product lines.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application Type, By End Use
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
|
| Companies Covered | Altra Industrial Motion Corp., AMETEK Inc., Giovenzana International B.V., Hubbell, Micronor Inc., NOOK Industries Inc., Omega Controls Private Limited, and Schneider Electric. |
COVID-19 Impact on Global Rotary Limit Switches Market
The COVID-19 epidemic has had a considerable impact on the rotary limit switch sector, as it has on many other industries. The worldwide health crisis disrupted the global supply chain, manufacturing processes, and project timetables, resulting in rotary limit switch delays and lower demand. Lockdowns and limitations enforced in many countries also resulted in the temporary shutdown of industries, impeding installation and maintenance tasks that would require these switches. However, when economies recover and companies resume operations, the rotary limit switch industry is projected to pick up steam.
Key Target Audience:
- Manufacturers and Industrial Equipment Suppliers
- System Integrators
- Maintenance and Service Providers
- Plant Managers and Operators
- Safety and Compliance Professionals
Our in-depth analysis of the Rotary Limit Switches Market includes the following segments:
|
By Type:
|
Encoded Type
Gear Type
|
|
By Application Type:
|
Hoisting Apparatus
Wind Turbines
|
|
By End Use:
|
Automation
Construction
Industrial & Others
Power Generation
Stage Technology
|
Key Topics Covered in the Report:
- Global Rotary Limit Switches Market Size (FY’2023-FY’2033)
- Overview of Global Rotary Limit Switches Market
- Segmentation of Global Rotary Limit Switches Market By Type (Encoded Type)
- Segmentation of Global Rotary Limit Switches Market By Application Type (Hoisting Apparatus, Wind Turbines)
- Segmentation of Global Rotary Limit Switches Market By End Use (Automation, Construction, Industrial & Others, Power Generation, Stage Technology)
- Statistical Snap of Global Rotary Limit Switches Market
- Expansion Analysis of Global Rotary Limit Switches Market
- Problems and Obstacles in Global Rotary Limit Switches Market
- Competitive Landscape in the Global Rotary Limit Switches Market
- Impact of COVID-19 and Demonetization on Global Rotary Limit Switches Market
- Details on Current Investment in Global Rotary Limit Switches Market
- Competitive Analysis of Global Rotary Limit Switches Market
- Prominent Players in the Global Rotary Limit Switches Market
- SWOT Analysis of Global Rotary Limit Switches Market
- Global Rotary Limit Switches Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Rotary Limit Switches Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Rotary Limit Switches Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Rotary Limit Switches Market
7. Global Rotary Limit Switches Market, By Type (USD Million)
7.1. Global Rotary Limit Switches Market Value Share and Forecast, By Type, 2023-2033
7.2. Encoded Type
7.3. Gear Type
8. Global Rotary Limit Switches Market, By Application Type (USD Million)
8.1. Global Rotary Limit Switches Market Value Share and Forecast, By Application Type, 2023-2033
8.2. Hoisting Apparatus
8.3. Wind Turbines
9. Global Rotary Limit Switches Market, By End Use (USD Million)
9.1. Global Rotary Limit Switches Market Value Share and Forecast, By End Use, 2023-2033
9.2. Automation
9.3. Construction
9.4. Industrial & Others
9.5. Power Generation
9.6. Stage Technology
10. Global Rotary Limit Switches Market Forecast, 2019-2033 (USD Million)
10.1. Global Rotary Limit Switches Market Size and Market Share
11. Global Rotary Limit Switches Market, By Type, 2019-2033 (USD Million)
11.1. Global Rotary Limit Switches Market Size and Market Share By Type (2019-2026)
11.2. Global Rotary Limit Switches Market Size and Market Share By Type (2027-2033)
12. Global Rotary Limit Switches Market, By Application, 2019-2033 (USD Million)
12.1. Global Rotary Limit Switches Market Size and Market Share By Application (2019-2026)
12.2. Global Rotary Limit Switches Market Size and Market Share By Application (2027-2033)
13. Global Rotary Limit Switches Market, By End Use , 2019-2033 (USD Million)
13.1. Global Rotary Limit Switches Market Size and Market Share By End Use (2019-2026)
13.2. Global Rotary Limit Switches Market Size and Market Share By End Use (2027-2033)
14. Global Rotary Limit Switches Market, By Region, 2019-2033 (USD Million)
14.1. Global Rotary Limit Switches Market Size and Market Share By Region (2019-2026)
14.2. Global Rotary Limit Switches Market Size and Market Share By Region (2027-2033)
14.3. Asia-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. Altra Industrial Motion Corp.
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. AMETEK Inc.
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Giovenzana International B.V.
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Hubbell
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Micronor Inc.
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. NOOK Industries Inc.
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent development
15.7. Omega Controls Private Limited
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent development
15.8. Schneider Electric
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent development
15.9. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
