Press release
Global Industrial Safety Relays and Timers Market 2017-2021
Market Research
About Industrial Safety Relays and Timers
Safety Relays are electromechanical switching devices that implement safety functions. When a hazard occurs, a safety relay reduces the risk to an acceptable level by initiating a safe and reliable response. Safety relays also monitor a safety system and either allows the machine to start or stop based on a command. Each safety relay is used for monitoring a specific safety function. In addition, by connecting them to other safety relays, total monitoring of a machine or plant can be achieved. A safety timer is either used to produce precise time delay or can be used to repeat an action after a certain period. Safety timers are processors that not only generate time delays but are also used as counters where these are used to count an action or event.
Technavios analysts forecast the global industrial safety relays and timers market to grow at a CAGR of 4.23% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global industrial safety relays and timers market for 2017-2021. To calculate the market size, the report considers the retail selling price is considered as the average selling price of the product..
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Industrial Safety Relays and Timers 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.
Key vendors
ABB
EATON
Rockwell Automation
Schneider Electric
Siemens
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Other prominent vendors
Euchner-USA
Panasonic Electric Works
Pilz
SICK AG
Yokogawa Electric Corporation
Market driver
Increasing use of smart and programmable timers
For a full, detailed list, view our report
Market challenge
Increase in use of safety PLCs over safety relays
For a full, detailed list, view our report
Market trend
Increasing use of multi-function safety relays instead of single-function relays
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
Market size and forecast
Market size and forecast
Global industrial safety relays and timers market by end-user
Global industrial safety relays and timers by chemical and petrochemical industry
Global industrial safety relays and timers market by oil and gas industry
Global industrial safety relays and timers market by power industry
Global industrial safety relays and timers market by mining industry
Global industrial safety relays and timers market by others
PART 07: REGIONAL LANDSCAPE
Geographical segmentation
Regional comparison
Industrial safety relays and timers market in Americas Market size and forecast 2016-2021
Industrial safety relays and timers market in EMEA Market size and forecast 2016-2021
Industrial safety relays and timers market APAC Market size and forecast 2016-2021
Key leading countries
Market opportunity
PART 08: DECISION FRAMEWORK
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