Rotary Limit Switches Market Growth, Size, Trends, Scope, Revenue, Challenges and Future Outlook
Rotary Limit Switches Market Size- By Type, By Application Type, By End Use- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2023 | Report ID: MACH2350 | Pages: 1 - 234 | Formats*: |
| Category : Equipment and Machinery | |||
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:
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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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Rotary Limit Switches Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Rotary Limit Switches Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2023-20337.2. Encoded Type7.3. 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, 2023-20338.2. Hoisting Apparatus8.3. 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, 2023-20339.2. Automation9.3. Construction9.4. Industrial & Others9.5. Power Generation9.6. 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-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. Altra Industrial Motion Corp.15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. AMETEK Inc.15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Giovenzana International B.V.15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Hubbell15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Micronor Inc.15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. NOOK Industries Inc.15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent development15.7. Omega Controls Private Limited15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent development15.8. Schneider Electric15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent development15.9. 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.
Frequently Asked Questions About This Report
Rotary Limit Switches Market is projected to reach USD 1.7 billion by 2033, growing at a CAGR of 6.6% during the forecast period.
Rotary Limit Switches Market grew in market size from 2023. The Market is expected to reach USD 1.7 billion by 2033, at a CAGR of 6.6% during the forecast period.
Rotary Limit Switches Market CAGR of 6.6% during the forecast period.
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Rotary Limit Switches Market size is USD 1.7 billion from 2023 to 2033.
Rotary Limit Switches Market Segment is Covered By Type, By Application Type, By End Use
The North America region is anticipated to have the highest market share in Rotary Limit Switches Market.
The key players in the market include 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.
Electromechanical controls known as rotary limit switches feature an input shaft, an equipment reducer, a sign transmitter, and limit or protection switches.
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