Crane Rotary Geared Limit Switch Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Crane Rotary Geared Limit Switch Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : July, 2020 | Industrial | PPT format

Report Digest


Crane Rotary Geared Limit Switch Market: Introduction

Crane rotary geared limit switch is a special kind of switch used in cranes, to control lifting and hoisting operations. A crane rotary geared limit switch is installed to restrict the motion of a drive at extreme clockwise or anti-clockwise positions. In general, a crane rotary geared limit switch trips the motor supply to the drive when the handling load reaches extreme positions of working load. Crane rotary geared limit switch consists of a heavy duty worm drive gearbox, built in cast housing, with rotating cams and cam shafts. Two or four contact points are operated by rotating cams, on cam shaft, which rotates at a prescribed speed ratio of the speed of drive motor shaft. These cams are positioned in a way to trip the motor supply, when the drive reaches beyond a set limit of travel. 

Cranes operating beyond their set work limits or lifting capabilities can cause accidents and serious damage to the equipment and personnel working near them. Hence, they have become a critical part of cranes, in construction and other manufacturing industries, where cranes are utilized for heavy-duty lifting applications. Given their indispensable capabilities, crane rotary geared limit switches are expected to have a robust demand across industries during the forecast period.

Crane Rotary Geared Limit Switch Market: Dynamics

Crane rotary geared limit switches are critical elements cranes and form a crucial part in heavy duty lifting applications. The construction industry, since recovering from the recent slowdown, has been witnessing a significant growth worldwide, especially in the emerging countries. Growing investments in the construction sector by U.S., China, India, Mexico, Brazil, and Saudi Arabia, is expected to drive the demand for crane rotary geared limit switch market during the forecast period. Although, the on-going trade war between U.S. and China, recent slowdown in automobile industry growth is anticipated to slowdown the economic growth of various emerging countries. This is expected to hamper the growth of crane rotary geared limit switch market in the coming years. In addition, rise of sensor based limit switches is expected to slow down the incorporation of geared limit switches, further restraining the growth of crane rotary geared limit switch market.

COVID-19 Impact:

The COVID-19 pandemic has driven most of the affected countries into shutdown, affecting their industrial and commercial activities. Given the pandemic not at its peak yet, various industries, construction in particular, are anticipated to witness significant investment downturns. With the exception of China, major European and Asian countries, along with North America, are not expected to resume industrial and economic activities to their full potential until the end of second quarter of the year. This is expected to have a drastic effect on the demand for crane rotary geared limit switch market in the current year, and is expected to witness a slow growth in the following year.

Crane Rotary Geared Limit Switch: Market Segmentation

The global crane rotary geared limit switch market has been segmented on the basis of switch position as:

  • Two
  • Four

The global crane rotary geared limit switch market has been segmented on the basis of IP rating as:

  • IP-44
  • IP-54
  • IP-55

The global crane rotary geared limit switch market has been segmented on the basis of gear ratio as:

  • Up to 25
  • 25 – 50
  • 50 – 100
  • 100 - 200
  • Above 200

Crane Rotary Geared Limit Switch Market: Regional Overview

North America is anticipated to dominate the global demand for crane rotary geared limit switch market, given the healthy growth of construction industry. Asia-Pacific is anticipated to register a robust growth in terms of demand for crane rotary geared limit switch, owing to the rapid growth of manufacturing industries and construction sector in countries like China and India. ASEAN countries are expected to play a significant role in positioning Asia Pacific as one of the fastest growing regions in the global crane rotary geared limit switch market. Europe is anticipated to grow at a moderate pace in the crane rotary geared limit switch market given the maturity of construction sector in the region. Middle East and Africa is projected to create a healthy demand for crane rotary geared limit switch due to the growing influx of investments into African countries from U.S. China, and Russia, among others.

Global Crane Rotary Geared Limit Switch Market: Key Players

Examples of some of the market participants in the global crane rotary geared limit switch market identified across the value chain include:

  • NOOK Industries, INC
  • GIOVENZANA INTERNATIONAL B.V.
  • Hubbell
  • Micronor Inc
  • AMETEK Inc
  • Omega Controls Private Limited
  • Ravasi srl
  • Schneider Electric
  • SPEEDAGE ENGINEERS (I) PVT. LTD
  • Rolex Industries
  • Anand Systems Engineering

Brief Approach to Research

The research report presents a comprehensive assessment of the crane rotary geared limit switch market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Crane Rotary Geared Limit Switch market segments such as geographies, application and industry.

The report covers exhaustive analysis on:

  • Crane Rotary Geared Limit Switch Market Segments
  • Crane Rotary Geared Limit Switch Market Dynamics
  • Crane Rotary Geared Limit Switch Market Size
  • Crane Rotary Geared Limit Switch Supply & Demand
  • Crane Rotary Geared Limit Switch Current Trends/Issues/Challenges
  • Crane Rotary Geared Limit Switch Competition & Companies involved
  • Crane Rotary Geared Limit Switch Technology
  • Crane Rotary Geared Limit Switch Value Chain

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. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Crane Rotary Geared Limit Switch market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Crane Rotary Geared Limit Switch market segments and geographies.

Report Highlights:

  • Detailed overview of Crane Rotary Geared Limit Switch’ parent market
  • Changing Crane Rotary Geared Limit Switch market dynamics in the industry
  • In-depth Crane Rotary Geared Limit Switch market segmentation
  • Historical, current and projected Crane Rotary Geared Limit Switch market size in terms of volume and value
  • Crane Rotary Geared Limit Switch recent industry trends and developments
  • Crane Rotary Geared Limit Switch competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth in Crane Rotary Geared Limit Switch market
  • A neutral perspective on Crane Rotary Geared Limit Switch market performance
  • Must-have information for Crane Rotary Geared Limit Switch market players to sustain and enhance their market footprint

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.