According to a research study, the Rotary Limit Switches market is set to witness steady and healthy growth from 2021 – to 2031 with a CAGR of 5% to 6%. An increase in demand for heavy-duty lifting applications for construction, automation and other industrial purposes is expected to contribute to the growth of the market.
What is Primarily Driving Demand for the Product
Rotary limit switches serve a critical purpose in heavy-duty lifting applications. They also enable the easy movement of industrial machinery. Its automatic operation help in reducing labour costs and increasing operational efficiency at the site of operations which are major factors driving the growth of the market.
Moreover, rising demand from the construction and heavy machinery industry is expected to create opportunities for the market. Industrial automation transcends across all manufacturing verticals to a profound extent at present and also in upcoming years. Rotary limit switches will emerge as a key ingredient to the hardware of the control system thus benefiting the market participants to incur healthy sales rates.
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Growing Demand from Construction and Automation Industry to Boost the Sales of Rotary Limit Switches
Rotary Limit Switches are used particularly in the construction and industrial lifting plants to control gantry cranes, jib cranes, track cranes, wall–mounted jib cranes and winches for construction sites.
The product is used to command and control systems to manage various processes and machines, thereby reducing the chance for human intervention and the equipment needed to move stage sets or curtains.
It is used on wind turbines to manage and control the pitch angle of the blades and the position of the yaw control.
How is the Asia Pacific an Attractive Region for The Growth of the Rotary Limit Switches Market
India and China are expected to register higher growth in the market due to the high growth of urbanization and rapid industrialization. The region can attribute to a strong growth due to rising construction activities in emerging economies. A shift in the trend toward automation in construction would increase sales of rotary limit switches in the region.
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U.S.A. – A lucrative Country for Higher Sales
The construction industry is a major contributor to the U.S. economy. Demand for construction services has bolstered in the country due to favourable macroeconomic conditions, increasing disposable income, increased access to credit and relatively low-interest rates.
The construction sector’s growth in the US is driven by improvements in nonresidential construction, with infrastructure and commercial construction subsectors propelling overall sector expansion.
Key Players:
- Nook Industries, Inc.
- Hubbell
- Altra Industrial Motion Corp
- Giovenzana International B.V.
- AMETEK Inc
- TER Tecno Elettrica Ravasi srl
- Micronor Inc.
- Omega Controls Private Limited
- Schneider Electric amongst others.
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. T
he reports provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
- Gear Type
- Encoded Type
By Application Type:
- Hoisting Apparatus
- Wind Turbines
By End-Use Industry:
- Automation
- Construction
- Stage Technology
- Industrial & Others
- Power Generation (Solar & Wind)
By Region:
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Europe
- Germany
- Italy
- France
- UK
- Spain
- BENELUX
- Russia
- Rest of Europe
- South Asia and the Pacific
- India
- ASEAN
- ANZ
- Rest of South Asia and the Pacific
- East Asia
- China
- Japan
- South Korea
- The Middle East and Africa
- GCC Countries
- Turkey
- Northern Africa
- South Africa
- Rest of the Middle East and Africa
Rotary Limit Switches Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.
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