Press release
Global Safety Switch Market is expected to garner USD 1.1 million in 2016 with By Major Vendors: ABB, General Electric,Rockwell, Schneider Electric and Siemens.
The growth of this market is fueled by the growing adoption of automation in hazardous industrial areas, increasing government intervention for equipment and personnel safety in industries, and rising demand for non-contact door switches to improve the stability of doors and guards. Developments in the safety switch market ecosystem through organic and inorganic growth strategies, such as product developments, merger and acquisition, partnerships, collaborations, and agreements further drive the growth of this market. The major demand for safety switches is from the oil & gas and food & beverage industries. Oil & gas drilling and servicing activities are undertaken in hazardous environments, which, in turn, mandate the installation of safety systems for such activities. The growing automation in food & beverage industry to satisfy changing demands also contributes to the growth of safety switch market.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Contact Safety Switch
Non-Contact Switch
By Safety Systems:
Burner Management Systems (BMS)
Emergency Shutdown (ESD) Systems
Fire & Gas Monitoring Systems
High Integrity Pressure Protection Systems (HIPPS)
Turbomachinery Control (TMC) Systems
By Vertical:
Oil & Gas
Energy & Power
Chemical
Pharmaceutical
Food & Beverage
Metal & Mining
Pulp & Paper
Water & Wastewater Treatment
Packaging
Commercial
Others
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
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Furthermore, years considered for the study are as follows:
Historical year 2015
Base year 2016
Forecast period 2017 to 2025
Some of the key manufacturers involved in the market are ABB, General Electric,Rockwell, Schneider Electric, Siemens. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Safety Switch Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Global Safety Switch Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Safety Switch Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porters 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Safety Switch Market, By Product Type
5.1. Market Snapshot
5.2. Market Performance - Potential Model
5.3. Global Safety Switch Market, Sub Segment Analysis
5.3.1. Contact Safety Switches
…….
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