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Circuit breakers are electrical equipment used to break electrical circuits. Limit switches are basically switches that can be operated by an object other than a person. Mechanical limit switches use physical contact to detect the presence of an object, while semiconductor devices use proximity sensors, light sensors, or electrical switches. They can be used as control devices for the regular operation of the machine or as emergency switches. Linear limit switches are limit switches that detect and are activated by linear movement. Illustration of mechanical limit switches are used to solve many problems in packaging, manufacturing, motors, and consumer applications. These applications can be used to detect presence/absence, speed, location, range of motion, and travel limit, as well as count discrete objects or events and interrupt circuits.
Linear limit switches are often used to limit the movement of linear actuators. The limit switches are set to turn off the power supply when it is turned off. Notably, the limit switches are mounted on both ends of the actuator, and power is on when the actuator is either fully extended or fully retracted.
In the electrical industry, the immediate effects of the COVID-19 pandemic led to a general reduction in field services, especially maintenance services. In many cases, services have been delayed or extended until they are completed. An immediate consequence of this can be an increased risk of equipment failure. As a result of charging in general, energy prices fell, causing unexpected financial problems for generation companies, energy traders, network operators, and distribution companies. System operators, energy companies, and equipment manufacturers were mobilizing their skills and resources to maintain critical infrastructure and business continuity during the COVID-19 pandemic. Thus, restrictions imposed by the COVID-19 pandemic increased efficiency and reduced costs.
The report covers the following key insights:
By Type | By Application | By Geography |
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Based on type, the market is divided into electrochemical switches and solid state switches, where solid state switches dominate the market. Solid state limit switches contain no moving parts. They detect objects using an optical sensor or other electronic device and switch using semiconductor components such as resistors, capacitors, and transistors. Solid state devices typically have a longer lifetime than electromechanical devices, leading the market in terms of market share. Electromechanical limit switches use levers, knobs, pistons, or other actuators that make physical contact with another object. When an object touches the actuator, the switch contacts either make or break the connection, depending on the position of the switch contacts.
Based on application, the market is bifurcated into commercial and industrial applications. Industrial applications dominate the market as they include mining, construction, manufacturing, and other industries at large scale. The mining industry has significant applications of limit switches in industrial applications. According to a World Bank report, major infrastructure programs planned in the U.S. are large enough to support the prices of certain metals such as aluminum, copper, and iron ore in the industrial sector. The global transition to clean energy is also increasing the demand for metals used in batteries. The World Bank predicts continued steady growth in prices of industrial metals and minerals such as aluminum, copper, lead, nickel, tin, and zinc until 2030.
Consequently, the demand for limit switches and limit switch sensors will continue to increase throughout the decade. In commercial applications, more and more residents move to urban areas, and cities around the world have been dealing with aging infrastructure. Numerous wireless devices, sensors, data centers, and switches form the critical infrastructure foundation of smart cities, enabling governing bodies to provide the necessary services in an optimized and more efficient manner.
The linear limit switches market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific is the dominating region in the market. As industrialization increases and urban development systems improve in Asia, linear limit switches have sold significantly over the last time. In addition, China continues to be an essential country in mining, process, material handling equipment, transportation and other industries, which has made the country one of the largest consumers of terminal switches. According to the IMF's latest WEO growth projections, India's real GDP will grow by 9% in 2022-23 and 7.1% in 2023-24. It projects India as the fastest-growing visible economy in the world. India's industry and public sector are expected to grow significantly as a developing country. Additionally, India's effort to develop globally competitive manufacturing centers is one of the most significant opportunities for economic growth and the Indian cross-border market.
According to the National Association of Manufacturers (NAM), U.S. manufacturing accounts for more than 11% of total economic output and employs 8.5% of the workforce. The total industrial output was USD 2,334.60 billion in 2018, and the U.S. manufacturing sector has grown significantly since the global recession in 2009. The industrial industry has been a significant application of linear limit switches in the country. In addition, applications such as industrial (metals and mining, manufacturing, material handling) and commercial applications account for a significant portion of the demand and production of linear limit switches in Europe. The situation is the same in Latin America and the Middle East & Africa, as new infrastructure in these regions increases the demand for linear limit switches.
The report includes profiles of key players, such as Banner Engineering Corp., DME Company, Eaton Corporation, BNL Industries Inc., Chengdu Fuyu Technology Co., Ltd, Schmersal Inc., Control Products Inc., Steute, ATC Automatic Timing and Controls, Automation Products Group Inc., AVG Automation Group, Azbil North America Inc., Schmersal Group, and Bernstein AG.
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