Rotary Limit Switches Market size was over USD 1.06 Billion in 2023 and is anticipated to reach USD 2.32 Billion by 2036, witnessing around 6.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of rotary limit switches is estimated at USD 1.12 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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
6.2% |
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Base Year Market Size (2023) |
USD 1.06 Billion |
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Forecast Year Market Size (2036) |
USD 2.32 Billion |
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Regional Scope |
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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 2036. 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:
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Type |
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Application Type |
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End Use Industry |
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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.
Author Credits: Richa Gupta
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