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.
In 2019, the market size of Safety Switch is 950 million US$ and it will reach 1340 million US$ in 2025, growing at a CAGR of 4.4% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 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 studies the global market size of Safety Switch, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Safety Switch production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
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
Market Segment by Product Type
Contact Switch
Non-contact Switch
Market Segment by Application
Oil & Gas
Energy & Power
Chemical
Pharmaceutical
Food & Beverage
Metal & Mining
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Safety Switch status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Safety Switch manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies 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 are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Safety Switch. Industry analysis & Market Report on Safety Switch is a syndicated market report, published as Global (United States, European Union and China) Safety Switch Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Safety Switch market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.