PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1355744
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1355744
According to SPER Market Research, 'Global Rotary Limit Switches Market Size- By Type, By Application, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Rotary Limit Switches Market is predicted to reach USD 1.7 billion by 2033 with a CAGR of 6.6%.
Rotary limit switches are electromechanical controllers that incorporate an input shaft, an equipment reducer, a sign transmitter, and limit or protective switches. To switch a load, rotary limit switches use solid-state (gear type) or electromechanical (encoded type) switches. Electromechanical switches' actuators make physical touch with moving components such as knobs, levers, and arms.
The COVID-19 epidemic had a severe impact on the rotary limit switch industry, as well as many other industries. The worldwide health crisis jolted the global supply chain, industrial processes, and project timetables, resulting in rotary limit switch delays and decreased demand. Lockdowns and limitations enforced in numerous countries also led in the temporary suspension of companies, preventing installation and maintenance work that would necessitate these switches.