Need for Automation Drives Industrial Safety Integrated Components Sales
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The global industrial safety integrated components market is fragmented with many regional and international players. While local players face difficulties to compete with their international counterparts owing to their high quality and range of features, international vendors are actively expanding their presence in the market. The competition among players is expected to intensify with the rising number mergers and collaborations between companies and also due to the innovations in the field. Some of the players profiled in the report are ABB, Hitachi, KEYENCE, Honeywell International, Rockwell Automation, Siemens, Littelfuse, Bosch Rexroth, Beckhoff, and IDEC.
The market is driven by the growing concept of smart industries which does not only imply automation but also the use of safety integrated components. Extensive investments in smart grids across the globe is also expected to lead towards a growth in the industrial safety integrated components market. Industrial safety integrated components have high use – electronic switches help with the conversion of AC to DC and vice versa, high-voltage direct current helps in the supply of power, and transmitter helps in metering processes to ensure efficiency.
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The market is segmented on the basis of application and type. By type, the market is segmented into safety relay, safety plc, safety switches, and transmitter. It is expected that the safety relays segment will lead in the market in the coming years as they eliminate damage to equipment and workers. It also helps in the automation process by detecting faults in electrical circuits and enables equipment shutdown whenever necessary. The need for safety relays will continue as demand for electricity grows.
On the basis of geography, it is expected that Asia Pacific will lead in the market owing to a high demand from the power, electronics, oil and gas, and automotive industries. Developing nations from Asia Pacific are investing extensively in infrastructure and industrial upgrades, which in turn will drive the industrial safety integrated components market in the region.
List of Tables and Figures
Figure Picture of Industrial Safety Integrated Components
Table Classification of Industrial Safety Integrated Components
Figure Global Sales Market Share of Industrial Safety Integrated Components by Type in 2015
Figure Safety relay Picture
Figure Transmitter Picture
Figure Safety plc Picture
Figure Safety switches Picture
Table Applications of Industrial Safety Integrated Components
Figure Global Sales Market Share of Industrial Safety Integrated Components by Application in 2015
Figure Application 1 Examples
Figure Application 2 Examples
Figure USA Industrial Safety Integrated Components Revenue and Growth Rate (2011-2021)
Figure China Industrial Safety Integrated Components Revenue and Growth Rate (2011-2021)
Figure Europe Industrial Safety Integrated Components Revenue and Growth Rate (2011-2021)
Figure Japan Industrial Safety Integrated Components Revenue and Growth Rate (2011-2021)
Figure India Industrial Safety Integrated Components Revenue and Growth Rate (2011-2021)
Figure Southeast Asia Industrial Safety Integrated Components Revenue and Growth Rate (2011-2021)
Figure Global Industrial Safety Integrated Components Sales and Growth Rate (2011-2021)
Figure Global Industrial Safety Integrated Components Revenue and Growth Rate (2011-2021)
Table Global Industrial Safety Integrated Components Sales of Key Manufacturers (2011-2016)
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