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Rotary Limit Switches Market Share

Report ID: GMI9643
Published Date: May 2024
Report Format: PDF

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Rotary Limit Switches Market Share

Honeywell International Inc. and Siemens AG hold a significant share of over 15% in the rotary limit switches industry. Honeywell International Inc. is a key player, known for its diverse portfolio of industrial automation and control products. Honeywell offers a range of rotary limit switches designed for various applications including heavy-duty industrial machinery, conveyor systems, and material handling equipment. Its rotary limit switches are engineered to provide precise control over machinery movements, ensuring safety, reliability, and efficiency in industrial operations.

Siemens AG is a major player in the market, offering a comprehensive range of industrial automation solutions including rotary limit switches under its Digital Industries segment. Siemens' rotary limit switches are designed to provide precise control and monitoring of rotational motion in machinery and equipment across various industries.

Rotary Limit Switches Market Companies

Major players operating in the rotary limit switches industry are:

Honeywell International Inc.
Eaton Corporation plc
Siemens AG
Schneider Electric SE
ABB Group
Omron Corporation
SICK AG

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for rotary limit switches was USD 51.9 billion in 2023 and is projected to expand at over 3% CAGR from 2024 to 2032, due to the increasing emphasis on automation, connectivity, and data-driven decision-making.

The gear type segment in the rotary limit switches industry is projected to account for over 40% share in 2023 and is estimated to grow at significant CAGR between 2024 and 2032, owing to their robustness, reliability, cost-effectiveness.

The automation end-use segment in the rotary limit switches industry is estimated to exceed USD 15 billion by 2032, as these switches offer remote monitoring and control, seamless integration with PLCs and SCADA systems, predictive maintenance strategies, adaptive control algorithms, safety interlocks, and compliance mechanisms.

Asia Pacific market recorded over 30% share in 2023 and is anticipated to witness significant growth from 2024 to 2032, led by the rapid industrialization, infrastructure development, and increasing investments in automation in the region.