Rotary Limit Switches Market Size & Share, by Type (Gear Type, Encoded Type); Application Type (Hoisting Apparatus, Wind Turbines); End Use Industry (Automation, Construction, Stage Technology, Industrial, Power Generation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5217
  • Published Date: Sep 05, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Rotary Limit Switches Market size is projected to cross USD 5 billion by the end of 2035, witnessing around 6% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of rotary limit switches was over USD 1 billion. The major factor influencing the market’s growth is the growing need for wastewater treatment. About 379 billion m3 of municipal wastewater is produced around the globe each year. The generation of wastewater is anticipated to rise by approximately 23% by 2030 and by close to 50% by 2050. However, managing wastewater could be intensive labor work. Therefore, the utilization of cranes and winches is growing further boosting the market for rotary limit switches.

Moreover, owing to the growing complications of wastewater on humans and the environment the urgency to manage this water is growing. Diseases associated with water kill 3,575,000 people annually. This is the same as a jumbo plane going down every hour. Moreover, the majority of them which is about 2.2 million of individuals are children. Hence, with the deployment of rotary limit switches the process becomes effective.


Rotary Limit Switches Market
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Rotary Limit Switches Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Mining Activities: With the growth in mining activities, the adoption of heavy machinery is also growing. Winches are essential in a variety of mining applications since they can lift, draw, and move heavy objects. Mining winches are employed in a number of mining operations besides the extraction of minerals, ores, and other resources from the earth. Further, these winches boost the growth in the installation of rotary limit switches driving the market growth.
  • Surge in Adoption of Wireless Technology: There has been a growing demand for technology advancement in various sectors which is further influencing the need to bring in digital changes in rotary limit switches. The emphasis on making rotary limit switches wireless is surging since it is expected to reduce downtime in settings of industries by allowing to monitor remotely the function further controlling the machine.
  • Rise in Use of Rotary Limit Switches in Various Events and Theatres: For many years the utilization of cranes in theatres event in grown and now it have also been extensively used in film production. The crane shot enables the viewer to depart from a usual point of view and provides a unique viewpoint that is inherently cinematic. Hence, with this, the market for rotary limit switches is also expanding.

Challenges

  • High Chances of Mechanical Parts to Tear Out – Over time the rotary limit switches are expected to deteriorate due to wear and tear. Misfunction or failure may result from this. Hence, a huge investment in maintenance is needed which is another major factor that would hinder market expansion.
  • High Cost of Rotary Limit Switches
  • Fluctuation in Oil & Gas Price

Rotary Limit Switches Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~6%

Base Year Market Size (2022)

~ USD 1 Billion

Forecast Year Market Size (2035)

~ USD 5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Rotary Limit Switches Segmentation

End Use Industry (Automation, Construction, Stage Technology, Industrial, Power Generation)

The automation segment in the rotary limit switches market is set to grow at the highest share of about 40% during the forecast period. This growth of the segment could be owing to rising industrial automation and automotive robotic across a large number of industries all across the world. These switches are essential for accurate position sensing and control in automated systems, ensuring reliable operation. As businesses strive for greater productivity, effectiveness, and security, the need for automation is growing which is further encouraging market growth.

Type (Gear Type, Encoded Type)

Rotary limit switches market from the encoded type segment is set to rise growing at a highest share of about 60% by the end of 2035. The input shaft of the encoder-type rotary limit switch has optical or magnetic encoding that reads the exact location of the output arm. The connections close when an input shaft reaches a predetermined point and reopens when it continues to rotate past that point. Hence, this type of rotary limit switch is estimated to precisely monitor motion which is why its demand is high.

Our in-depth analysis of the global market includes the following segments:

 

     Type

  • Gear Type
  • Encoded Type

 

     Application Type

  • Hoisting Apparatus
  • Wind Turbines

 

 

     End Use Industry

  • Automation
  • Construction
  • Stage Technology
  • Industrial
  • Power Generation

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Rotary Limit Switches Industry- Regional Synopsis

North American Market Forecast

The rotary limit switches market in North America is expected to grow at a largest share of approximately 35% over the forecast period. The region’s market growth is estimated to grow owing to strict regulation of safety in industries such as oil & gas and mining. With these regulations, the prevalence of accidents is estimated to reduce further boosting the safety of industries. Additionally, the growing integration of the Internet of Things (IoT) in order to provide real-time monitoring is also estimated to boost the market growth.

APAC Market Analysis

The rotary limit switches market in Asia Pacific is also set to grow during the forecast period. The major factor boosting the market growth in this region is the growing investment in smart factories. Ahead of the worldwide mean average of about 22% and nations including the US of approximately 26% and Japan of about 23%, Indian manufacturers are spending more than 34% of their operational budgets on technology. Hence, with this the adoption and advancement of rotary limit switches is expected to grow in this region.

Research Nester
Rotary Limit Switches Market Size
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Companies Dominating the Rotary Limit Switches Landscape

top-features-companies
    • OTTO Engineering, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    •  K.A. Schmersal GmbH & Co. KG
    • ABB
    • Siemens
    • Emerson Electric Co.
    • Turck GmbH & Co. KG
    • Carlo Gavazzi Holding AG
    • Baco Controls, Inc.
    • BERNSTEIN AG
    • Techno Elettrica Ravasi

In-the-news

In The News

  • OTTO Engineering, Inc. launched the smallest ON-ON-ON rocker known as K1S. This ON-ON-ON rocker is the best Forward-Neutral-Reverse (FNR) switch since it is available in both single-pole and double-pole variants with maintained action.
  • Schmersal Turkey, a new division of The Schmersal Group with headquarters in Istanbul, officially opened for operation in January 2020. The new office primarily provides top-notch products and solutions for machine safety to the markets in Turkey and Azerbaijan.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5217
  • Published Date: Sep 05, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing mining activities, the surge in the adoption of wireless technology, and the rise in the use of rotary limit switches in various events and theaters.

The market size of rotary limit switches is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023 – 2035.

The major players in the market are OTTO Engineering, Inc., K.A. Schmersal GmbH & Co. KG, ABB, Siemens and others.

The automation segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Rotary Limit Switches Market Report Scope
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