The Global Market for Temperature Switches
|発行||VDC Research Group, Inc.||商品コード||319686|
|出版日||ページ情報||英文 20 Pages
This report analyzes the temperature switch market, its suppliers, and future trends that will drive revenue growth within the category. Temperature switch refers to the small device used to send a switching signal to a controller once a temperature limit has been reached. The 2014 Process Instrumentation Market Intelligence Program also includes continuous temperature sensors in Track 2, Topic 1. The report is segmented by company, technology, region, vertical industry, sales channel, and customer class. The primary sensing principles covered include bi-metal, electronic/solid state, and gas-actuated. Other temperature switch product categories are also included. Along with analyzing technology usage trends, the report includes data on market participants and share. This report contains forecasts through 2019 and addresses future trends and growth applications within the temperature switch market.
This report is for those making critical decisions regarding product, market, channel, and competitive strategy and tactics. Roles that commonly benefit from reading this report include product management, marketing, and strategy executives at OEMs, sensor vendors, investment firms, and associated roles and organizations.
The global market for temperature switches will grow revenue at a compound annual growth rate (CAGR) of X.X% through 2019. Electronic/solid state switches will grow at the fastest rate, with bi-metal and gas-actuated switches growing at a slightly slower pace. Process automation engineers will move away from using reed switches, rod and tubes, and thermal switches; however, these technologies will continue to be used in niche applications. Mercury switches have all but disappeared as Restriction of Hazardous Substances (RoHS) regulations have eliminated the use of hazardous substances in developed markets. The market for temperature switches will experience cannibalization from temperature sensors as sensor and transducer prices decline over time. Factories are also looking for continuous measurement solutions for process control, which will act as a headwind to growth in this segment. Despite the challenges, growth in key applications such as automotive, HVAC building automation, and oil & gas will support the temperature switch industry over the forecast period.
The global market for temperature switches will grow to $XXX.XM by 2019 from $XXX.XM in 2014. The Americas and APAC regions will see modest growth through 2019 while the Eurozone continues to struggle. Structural problems within the European economy will prevent the region from exhibiting favorable economic conditions for some time. While the EU will not see market growth for temperature switches, suppliers with customers already in the region should focus on retaining market share. Suppliers who are seeking to penetrate new markets may find better prospects in countries such as China or Mexico.
Power generation, food & beverage, and oil & gas will remain as the top consuming vertical industries for temperature switches. New developments in oil extraction techniques such as hydrofracking have led to an energy renaissance within the United States. Despite WTI Crude plunging to $XX per barrel and lower, land drilling will remain viable and will be a growth tailwind for manufacturing in the US for the foreseeable future. Investments in energy will spill over into the power generation market, where CNG turbines are quickly replacing antiquated coal-fired plants.