Rotary Limit Switches Market Size

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.