A safety switch is a device that quickly switches off the electricity supply if an electrical fault is detected, to minimise the risk of electricity-related fires, electric shock, injury and death.
Asia Pacific is expected to hold the largest share of the safety switch market during the forecast period. The demand for safety switches in the region is increasing due to the implementation of safety systems in process industries. Companies operating in this region are focused toward occupational safety and automation. Additionally, the stringent safety regulations in the region have propelled the installation of safety systems in hazardous environments.
The Safety Switch market was valued at 950 Million US$ in 2018 and is projected to reach 1340 Million US$ by 2025, at a CAGR of 4.4% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Safety Switch.
This report presents the worldwide Safety Switch market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
ABB
General Electric
Rockwell
Schneider Electric
Siemens
Eaton
Honeywell
Omron
Pilz
SICK
Banner Engineering
BERNSTEIN
Emerson
EUCHNER
Fortress Interlocks (Halma PLC)
IDEC
IDEM
Pepperl+Fuchs
Schmersal
R. Stahl
Safety Switch Breakdown Data by Type
By Product Type
Contact Switch
Non-contact Switch
By Safety System
Emergency Shutdown Systems
High Integrity Pressure Protection Systems
Burner Management Systems
Fire & Gas Monitoring Systems
Turbomachinery Control Systems
Safety Switch Breakdown Data by Application
Oil & Gas
Energy & Power
Chemical
Pharmaceutical
Food & Beverage
Metal & Mining
Others
Safety Switch Production by Region
United States
Europe
China
Japan
Other Regions
Safety Switch Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Safety Switch status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Safety Switch manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Safety Switch :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Safety Switch market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Safety Switch . Industry analysis & Market Report on Safety Switch is a syndicated market report, published as Global Safety Switch Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Safety Switch market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.