Key players profiled in the Safety Drives Market report include Rockwell Automation, SIGMATEK Safety Systems, ABB Limited, Siemens, Beckhoff, B&R, WEG, CG Global, Hoerbiger, and Pilz.

Safety drives facilitate in reducing the downtime of machines and subsequently enhance the productivity. Further, the application of hybrid safety drive in low, medium, and high voltages equipment have numerous applications in various end-user industries.

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Rise in industrial safety standards and demand for safe equipment are expected to drive the growth of the market in the coming years. Moreover, the cost-effectiveness and flexible functionality is also anticipated to fuel the adoption of the market in the coming years. However, stringent regulations associated with energy efficiency is expected to hinder the market growth during the forecast period.

The global safety drives market is segmented on the basis of by type, end-user industry, and geography. By type, the market is divided into AC motors and DC motors. By end-user industry, the market is classified into power generation, manufacturing, chemical, pharmaceutical, food & beverage, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Safety Drives Market by Type (AC Motors and DC Motors) and End-User Industry (Power Generation, Manufacturing, Chemical, Pharmaceutical, Food & Beverage, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

Key players profiled in the report include Rockwell Automation, SIGMATEK Safety Systems, ABB Limited, Siemens, Beckhoff, B&R, WEG, CG Global, Hoerbiger, and Pilz.

Key Benefits

The study provides an in-depth analysis of the global safety drives market and current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities is provided.
Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.

Safety Drives Market Key Segments:
By Type
AC Motors
DC Motors

By End-User Industry
Power Generation
Manufacturing
Chemical
Pharmaceutical
Food & Beverage
Others

By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players Profiled In The Report

Rockwell Automation
SIGMATEK Safety Systems
ABB Limited
Siemens
Beckhoff
B&R
WEG
CG Global
Hoerbiger
Pilz

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.