According to a research study, the Rotary Limit Switches market is set to witness a steady and a healthy growth during 2021 – 2031 with a CAGR of 5% to 6%. An increase in demand from heavy duty lifting applications from the construction, automation and other industrial purposes is expected to contribute towards the growth of the market.
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What is Primarily Driving Demand for the Product
Rotary limit switches serve a critical purpose in heavy duty lifting applications. They also enable the easy movement of industrial machinery. Its automatic operation help in reducing labor costs and increasing operational efficiency at the site of operations which are major factors driving the growth for the market.
Moreover, a rising demand from the construction and heavy machinery industry is expected to create opportunities for the market.
With industrial automation transcending across all manufacturing verticals to a profound extent at present and also in upcoming years. Rotary limit switches will emerge as a key ingredient to the hardware of the control system thus benefiting the market participants to incur healthy sales rate.
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Growing Demand from Construction and Automation Industry to Boost the Sales of Rotary Limit Switches
Rotary Limit Switches are used particularly in the construction and industrial lifting plants to control gantry cranes, jib cranes, track cranes, wall – mounted jib cranes and in winches for construction sites.
The product is used to command and control systems to manage various processes and machines, thereby reducing the chance for human intervention and the equipment needed to move stage sets or curtains.
It is used on wind turbines to manage and control the pitch angle of the blades and the position of the yaw control.
How is Asia Pacific an Attractive Region for The Growth of the Rotary Limit Switches Market
India and China are expected to register a higher growth of the market due to the high growth of urbanization and rapid industrialization. The region can attribute to a strong growth due to rising construction activities emerging economies. A shift in trend towards automation in the construction would increase sales of rotary limit switches in the region.
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U.S.A. – A lucrative Country for higher Sales
The construction industry is a major contributor to the U.S. economy. Demand for construction services has bolstered in the country due to favorable macroeconomic conditions, increasing disposable income, increased access to credit and relatively low interest rates.
The construction sectors growth in the US is driven by improvements in the nonresidential construction, with infrastructure and commercial construction subsectors propelling overall sector expansion.
Who are the Key Manufacturers and Suppliers in the Market
Some of the leading manufacturers and suppliers of Rotary Limit Switches include
- NOOK Industries, Inc.
- Hubbell
- Altra Industrial Motion Corp
- Giovenzana International B.V.
- AMETEK Inc
- TER Tecno Elettrica Ravasi srl
- Micronor Inc.
- Omega Controls Private Limited
- Schneider Electric amongst others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. T
he report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.