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Global Emergency Stop Switches Market Size, Share, Industry Status, Scope, Product Value, Players: Eaton, Schneider Electric, Siemens, Safety Technologies, Honeywell Micro Switch, REES Inc., Securitron, General Electric, REMA Group Until 2027
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Taking on Capital Intensive Equipment Protection with E-Stop Switches
Emergency stop switches (or E-stop switches) are becoming an essential component in every equipment and production machinery with growing focus on machine safety as well as operator protection. A wide range of electrical equipment are incorporated with specialized switch controls to carry out emergency shutdown with a view to meet workplace safety according to established regulatory requirements. As per international standards for equipment protection, function of emergency stop switches must be initiated by single operator with a manually controlled actuating device. Emergency stop switches, being different from simple stop switches, provide foolproof protection and shutdown of equipment in case of emergencies consequently avoiding additional hazards. Companies have been incorporating emergency stop switches in their plants to assure safety of their equipment, that being capital intensive, in order to avoid machinery and production losses. This factor is expected to proliferate the adoption of emergency stop switches for equipment safety, thereby augmenting the growth of the global emergency stop switches market during the period of forecast.
Emergency Stop Switches go Wireless
Growing incidences of worker fatalities has pushed companies to incorporate advanced personnel and machine safety systems. OSHA (Occupational Safety and Health Organization) reported 5,000 worker fatalities owing to industrial accidents in the United States. With this, key players involved in the manufacturing and development of emergency stop switches are focusing on enhancing the user confidence in their products by introducing novel technologies that in e-stop switches offer convenience and efficiency. With growing proliferation of IoT and trend of Industry 4.0, era of becoming wireless is significantly growing in the industrial space. Emergency stop switches are no exception to this change. Understanding the importance of machinery, products and worker safety, manufacturers have introduced wireless emergency stop switches allowing workers to shut down the machine without making them frantically rush to it. Wireless emergency stop switches haven taken safety of equipment to the next level to speed up response time allowing workers to engage in different tasks. This development has leveraged the use of emergency stop switches thus aiding the growth of the global emergency stop switches market.
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For instance, Laird has developed wireless emergency stop switch system – SIL 3 – a cost effective wireless emergency stop switch that can be easily integrated into the existing hardwired emergency stop switch system. This Safe E-Stop system offers status indicators with help of LCD and LED readouts. Likewise, IDEC has developed the “Safe Break Design” – a revolutionary development in the global emergency stop switches market – for its emergency stop switches. It’s XW and XA emergency stop switches include this technology with which they can be used in Level 4 safety category applications as they can withstand high stress during an emergency situation. Other key participants in the global emergency stop switches market include Eaton, Schneider Electric, Siemens, Safety Technologies, Honeywell Micro Switch, REES Inc., Securitron, General Electric and REMA Group.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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