Press release
Safety Sensors And Switches Market Size to Grow at a Steady Rate During Forecast Period (2015-2025)
Safety Sensors & Switches Market: Drivers & Restraints
The increasing security requirements for protecting workers and production unit from any accident, as per the strict regulations fulfilling the national as well as international standards is driving the global safety sensors and switches market. However, different regions have different machine safety requirements such as in North America, some of the regulatory bodies dealing with machine safety are Underwriters Laboratories Inc. (UL), Canadian Standards Association (CSA), and American National Standards Institute (ANSI), Europe has machinery directives, etc. which will also act as a constraint for the growth of global safety sensors and switches market. The increasing demand of products in automotive, aerospace, mining, oil & gas, pharmaceutical, food & beverage, semiconductors, etc. technological advancements, increase in demand of manufacturing plants which utilizes heavy machineries are driving forces for the growth of global safety sensors and switches market.
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Safety Sensors & Switches Market: Segmentation
On the basis of end user industries, global safety sensors and switches market can be segmented into following key market segments:
Automobile
Oil & gas
Mining
Food & beverage
Semiconductors
Packaging
Others
On the basis of type of sensors and switches, global safety sensors and switches market can be segmented into:
Sensors
Presence detection sensors
Distance measurement sensors
Process instrument sensors
Identification sensors
Switches
Electro-mechanical safety switches
Safety locking switches
Safety hinge switches
Others
No contact safety switches
Inductive
Magnetic
Others
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Safety Sensors & Switches Market: Region-wise Outlook
Asia-Pacific especially China & India, Brazil in Latin America as well as Russia are anticipated to have a significant growth in global safety sensors and switches marketduring the forecast period due to increase in disposable income, urbanisation and demand for products in automotive, pharmaceuticals, food & beverage, etc. which has led to the development of manufacturing plants in the emerging economies and in turn, will lead to the requirement of global safety sensors and switches market. Europe, followed by America has the largest share of global safety sensors and switches marketdue to the existence of majority of suppliers and end user industries. The global safety sensors and switches market is expected to grow with a compound annual growth rate of single digit during the forecast period.
Safety Sensors & Switches Market: Key Players
Some of the few key players in global safety sensors and switches market are: Omron Corporation, Pepperl+Fuchs GmbH, Rockwell automation, Inc., ABB, K.A. Schmersal Gmbh & Co. KG, Baumer, ifm efector, inc., Shanghai Pubang Sensor Co., Ltd., Hytronik Industrial Ltd. and Ningbo Tehron electronic technology Co., Ltd.
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