A recent market study forecasting the temperature and pressure switches market over the next six years has predicted a CAGR growth rate of 5% by 2027. This means the market should reach a value of over $5 million USD (£3.5m approx.) within the same time frame.
The research was published in Industry Today and considers various temperature and pressure switch product types as well as end-users such, primarily commercial users in the food and beverages industry and those in the marine, automotive and aerospace industries. Other end users include the military, chemical plants and the oil and gas industries.
Crucially, the study carried out by The Insight Partners also conducts global analysis of the impact of Covid-19 on the temperature and pressure switches market.
Electronic Products Driving Demand for Switches
The study reveals that one of the main driving forces behind the development of versatile temperature and pressure switches is the growing demand for electronic products within many manufacturing and processing industries.
The demand is increasingly concentrated on applications using cooling and heating circuits, but is also growing in industries reliant on machine building, mobile hydraulics, motors and compressors.
Covid-19’s Impact on the Temperature and Pressure Switches Market
The pandemic has caused problems for many industries and economies all over the world, however this recent research indicates that it should only have a short-term impact on the overall growth of the global temperature and pressure switches market.
While the market growth has lost a lot of momentum since the pandemic caused lockdowns and business shutdowns, the production of temperature and pressure switches is predicted to increase significantly during the first quarter of 2021.
One major issue remaining for the temperature and pressure switches market is that their supply chains remain disrupted. It is also the case that the majority of the world’s governments are rightly prioritising their efforts on the medical sector before other industries.
Senotec Level Sensors Suppliers
Senotec manufacture sensors such as switching amplifiers and filling level probes. As a specialist manufacturer of capacity level controls, their products are in high demand so Senotec level sensors suppliers YB Components keep a local stock ready to ship out fast and free all over the UK and the rest of the world.
Products available include the CLC40-SM8 switching amplifier which is part of Senotec’s CLC series. These level sensors have been specifically designed for vertically-installed filling level probes. Another available switching amplifier is the CLS45-L05 which has been designed to have a strong resistance to high temperatures and extreme humidity.
While the temperature and pressure switches market navigates these difficult times, YB Components will continue to keep supplying their clients with the very best sensor switch technology available.
If you require any Senotec sensors such as their filling level probes or switching amplifiers, then contact YB Components who are the UK’s leading Senotec level sensors suppliers.