Press release
Safety Drives 2017 Global Market Expected to Grow at CAGR 6.76 % and Forecast to 2021
Safety Drives Market
About Safety Drives
Safety drives are drives that are integrated with safety functionality like safe torque off (STO), safe speed control, safe monitoring, and self-diagnostics, reducing the need for circuit breaker or relays. This increases the overall machine performance and reduces downtime in the industrial process. End-user industries in the global safety drives market include utility, manufacturing, healthcare, oil and gas, food and beverage, and others; the others segment includes industries such as water and wastewater treatment, HVAC, mining and metal, heavy machinery, paper and pulp, and chemical.
Technavio’s analysts forecast the global safety drives market to grow at a CAGR of 6.76% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global safety drives market for 2017-2021. To calculate the market size, the report considers new installations, sales value, and services market.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Safety Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
• ABB
• Beckhoff
• Rockwell Automation
• Siemens
• SIGMATEK
Other prominent vendors
• B&R (Part of ABB group)
• HOERBIGER
• WEG
• Kollmorgen
• Pilz
• CG Global
• Technosoft
• Ketterer
• Shenzhen INVT Electric
• Schneider Electric
• Shenzhen Sikes Electric
Market driver
• Cost-effectiveness and flexibility of safety drives
• For a full, detailed list, view our report
Market challenge
• Higher need for preventive maintenance for safety drives
• For a full, detailed list, view our report
Market trend
• Emerging need for hybrid safety drives
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Complete Report Details @ https://www.wiseguyreports.com/reports/2096042-global-safety-drives-market-2017-2021
Table Of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Market outline
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by end-user
• Market overview
• Global safety drives market in utility industry
• Global safety drives market in manufacturing industry
• Global safety drives market in healthcare industry
• Global safety drives market in oil and gas industry
• Global safety drives market in food and beverage industry
• Global safety drives market in other industries
PART 07: Geographical segmentation
• Market overview
• Safety drives market in EMEA
• Safety drives market in APAC
• Safety drives market in Americas
PART 08: Decision framework
PART 09: Drivers and challenges
• Market drivers
• Market challenges
PART 10: Market trends
• Emerging need for hybrid safety drives
• Integration of Industrial Internet of Things in safety drives
• Growing concern for renewable energy and regulation on energy efficiency
PART 11: Vendor landscape
• Competition review
PART 12: Key vendor analysis
• Competition analysis
• ABB
• Beckhoff
• Rockwell Automation
• Siemens
• SIGMATEK
PART 13: Appendix
• List of abbreviations
List of Exhibits
Exhibit 01: Typical functions of safety drives
Exhibit 02: Market landscape
Exhibit 03: Global safety drives market 2016-2021 ($ millions)
Exhibit 04: Five forces analysis
Exhibit 05: Global safety drives market segmentation by end-user
Exhibit 06: Global safety drives market by end-users 2016 and 2021 (%)
Exhibit 07: Global safety drives market in utility industry 2016-2021 ($ millions)
Exhibit 08: Global safety drives market in the manufacturing industry 2016-2021 ($ millions)
Exhibit 09: Global safety drives market in healthcare industry 2016-2021 ($ millions)
Exhibit 10: Global safety drives market in oil and gas industry 2016-2021 ($ millions)
Continued…….
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