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Identify the Impact of Switch Market – Global Forecast to 2027

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Identify the Impact of Switch Market – Global Forecast to 2027

September 15
06:48 2022
Identify the Impact of Switch Market - Global Forecast to 2027
Switch Market
The major factors driving the switch market growth are the rising emphasis on industrial automation for optimum utilization of available resources, the surging focus on real-time data analysis and predictive maintenance, and the expanding process industry.

The switch is an electromechanical device used in industrial and manufacturing processes and is accountable for monitoring and controlling specifications such as level, temperature, pressure, flow, etc., with the ability to turn on and off when it reaches a specific limit.

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The major factors driving the switch market growth are the rising emphasis on industrial automation for optimum utilization of available resources, the surging focus on real-time data analysis and predictive maintenance, and the expanding process industry. Moreover, the growing integration of Industry 4.0 technologies is expected to drive the demand for the switch market in the near future.

Switch Market

Drivers: Expanding Process Industries

The growing industrialization and rising demand for food products, beverages, and drugs globally are responsible for the growth of process industries. According to the statistics provided by the European Federation of Pharmaceutical Industries and Associations (EFPIA) (Brussels, Belgium) member associations and the Food and Agriculture Organization of the United Nations, the production of pharmaceuticals increased in 2021 and 2020 compared with 2019. The companies in these industries need standard working atmospheres, such as standard temperature and pressure during the production of food, brewed beverages, and nonalcoholic products. This factor has increased the adoption of switches in these industries. Thus, the expanding process industries are expected to fuel the demand for the switch and create growth opportunities for the market players during the review period.

Surging focus on real-time data analysis and predictive maintenance

Rapid developments in the manufacturing sector have increased the competition among manufacturing companies. Companies from different industries, such as oil & gas and food & beverage, are adopting solutions that can help them in real-time data analysis and proactive maintenance. Industrial automation technologies enable manufacturers to access plant floor data in real time, allowing them to centralize business data and multi-plant operations. Moreover, for implementing industrial automation, many devices and instruments need to be adopted to fulfill the requirements of synchronizing real-time data with performance statistics. One such device is the switch, belonging to the measurement and analytics portfolio under the industrial automation domain. The Switch can be considered a crucial entity for simplifying the measurement of process parameters for effective monitoring and control of production operations.

The study categorizes the Switch Market based on type, Voltage & Region

Switch Market, By type
– Fixed
– Portable 

 

Switch Market, By Voltage

– Medical Devices
– Pharmaceuticals
– Automotive
– Consumer Electronics

 

Switch Market, By Region

– North America 

– Europe

– Asia Pacific

– Rest of the World (RoW)

Challenges: Excessive purchasing, installation, and maintenance costs associated with leak testing methods and equipment

One of the most critical challenges with leak testing equipment is the high cost of purchasing,  installation, and maintenance. The maintenance activity also includes complexities in adding leak testing machines to the existing plant infrastructure. Furthermore, there are different leak testing methods, such as air decay, helium leak, etc. Many industries rely on helium leak testing methods, as helium is a prevalent tracer gas in leak testing production. As a result, the quantity of helium has become significant when testing large volumes at higher pressures and high speeds. This has been raising the cost of helium in recent years.

Key players in the market

ATEQ Corporation (France), INFICON (Switzerland), Drägerwerk (Germany), Honeywell International (US), Emerson Electric (US), TASI Group (US), MSA Safety (US),  SGS SA (Switzerland), Uson (US), Testo (Germany), Vacuum Instruments (US), CETA TESTSYSTEME (Germany), Helium Leak Testing, (US), Pfeiffer Vacuum (Germany) and LACO Technologies (US) are some of the key players operating in the global leak testing market.

Recent Developments

  • In June 2022, Innomatec announced the launch of the LTC-802 M-Performance system, a new product for leak testing that enables direct and highly precise measurement of the leak rate without a reference volume. The product with an optimized design using high-precision measurement technology will allow companies to carry out flexible testing with small test specimens starting at 10 milliliters and components with large volumes of up to 200 liters for leak rates starting at two milliliters/minute.
  • In May 2021, a Manchester-based engineering company VES announced the launch of its OptVol TechnologyTM, a recent innovation in helium leak testing. The company introduced a helium leak testing system that incorporates OptVol Technology benefits from a small footprint, easily interchangeable tooling for different product variants, and a lightweight design for ease of movement between production lines as production demands change.
  • In November 2020, gas technology manufacturer Witt announced its new LEAK-MASTER® PRO 2 to detect the smallest leaks in protective gas packaging. Leak testing with the LEAK-MASTER® PRO 2 is carried out with CO2 as the tracer gas, already contained in most inert gas packaging.

 

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