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Stock impact report

Pressure Switch Market worth $3.51 billion by 2030 | MarketsandMarkets™ [Yahoo! Finance]

Parker-Hannifin Corporation (PH) 
Last parker-hannifin corporation earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: phstock.com
Company Research Source: Yahoo! Finance
to USD 3.51 billion by 2030, at a CAGR of 4.6% during the forecast period. The prospects of the worldwide Pressure Switch Market in the future are extremely optimistic, boosted by technological progress in automation, a growing need for energy-saving systems, and development of industrial infrastructure. Industry 4.0 and IoT-enabled pressure switches will increasingly find favor, enabling industrial processes to be transformed through real-time monitoring and predictive maintenance. This is especially true in industries like manufacturing, oil & gas, HVAC, and water treatment, where automation is critical to maximize operations and minimize downtime. MarketsandMarkets Logo In addition, growth in renewable energy schemes and tougher environmental laws are propelling the use of pressure switches in wind and solar power schemes. Growing demand for HVAC systems, particularly in developing economies of Asia Pacific and South America , will also augment market growth. Further, the trans Show less Read more
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