Safety Programmable Controller Market Insights, Trends and Huge Business Opportunities 2020 to 2025 | Rockwell Automation, ABB Group, Siemens AG, Schneider Electric SE, Treotham

The safety programmable controller market was valued at USD 6.46 billion in 2019 and is expected to reach a market value of USD 9.41 billion by 2025, registering a CAGR of 6.5% during the forecast period (2020 - 2025).

The combination of PLC, motion control, and human-machine interface (HMI) programming into one environment is a trend that will progress over the next several years. It will reduce the learning curve and less total development time, which will drive the growth of the market.

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The safety programmable controllers market contains integrated safety functions that allow it to control safety systems in various applications. Due to need for functional flexibility, demand for safe equipment, industry safety standards and cost effective systems, the market is growing by segmenting in applications such as automotive, energy and power, manufacturing, pharmaceutical, food and beverages, oil & gas, etc.

The Global Safety Programmable Controller market report chiefly includes following manufacturers-

Rockwell Automation, ABB Group, Siemens AG, Schneider Electric SE, Treotham, ASTRE Engineering, SICK Group, Mistubishi Electric Corporation, IDEC Corporation, Omron Corporation, Leuze electronic GmbH

Global Safety Programmable Controller Market Competitive Landscape

The competitive landscape of the global Safety Programmable Controller market is broadly studied in the report with large focus on recent developments, future plans of top players, and key growth strategies adopted by them. The analysts authoring the report have profiled almost every major player of the global Safety Programmable Controller market and thrown light on their crucial business aspects such as production, areas of operation, and product portfolio. The report discusses about the growth of the global as well as regional markets. It also brings to light high-growth segments of the global Safety Programmable Controller market and how they will progress in the coming years.

- May 2019 - nVent Electric plc, a global leader in electrical connection and protection solutions, launched nVents RAYCHEM Elexant 4010i, the first smart, connected controller from the Elexant family. It is designed to provide a safe, reliable and flexible control solution for industrial applications and the Elexant 4010i makes the control and maintenance of heat tracing technology smarter, safer and more cost-effective.

Major Highlights of Safety Programmable Controller Market report:

-Safety Programmable Controller Market Overview

-Market Competition by Manufacturers

-Industrial Chain, Sourcing Strategy and Downstream Buyers

-Marketing Strategy Analysis, Distributors/Traders

-Market Effect Factors Analysis

-Global Safety Programmable Controller Market Forecast (2020-2025)

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Global Safety Programmable Controller Market Scenario-

Oil and Gas Industry to Witness a Significant Growth

- In the oil & gas industry processes, there is usually a great demand for safety and reliability and according to U.S. Energy Information Administration, the worlds annual energy consumption of oil and gas is projected to increase steadily from less than 200 quadrillion BTU in 2015 to nearly 250 quadrillion BTU by 2040.
- Oil industry and refinery gas is mostly manual system with many risks, such as explosion hazards, fire hazards and lightning, radiation, etc.
- With demand continuing to grow, oil and gas producers are in need to find new and better ways to capture energy and their increment in capital spending is mainly on new control equipment for better safety, reliability and low energy consumption.

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