Press release
Safety Switch Industry Projected to reach 1340 Million US$ by 2025
In terms of production side, this report researches the Safety Switch capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Safety Switch by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
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 2017 and is projected to reach 1340 Million US$ by 2025, at a CAGR of 4.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Safety Switch.
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This report includes the following manufacturers; we can also add the other companies as you want.
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
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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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