Global Industrial Interlock Switches Market 2018-2022
About Industrial Interlock Switches
The global industrial interlock switches market is a contributing segment of the global safety switches market. From a top-down perspective, Technavio has analyzed the global safety switches market as a parent market to set the context in which the global industrial interlock switches market will be analyzed. Safety switches are electric switches that are completely enclosed in a metal box with an external control handle; they are designed in such a way that the box cannot be opened while the switch is closed and the switch cannot be closed when the box is open.
Technavio’s analysts forecast the global industrial interlock switches market to grow at a CAGR of 5.46% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial interlock switches market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of industrial interlock switches.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Interlock System Market 2018-2022
Technavio recognizes the following companies as the key players in the global industrial interlock switches market: ABB, General Electric, OMRON, Rockwell Automation, Schneider Electric, and Siemens.
Other Prominent Vendors in the market are: Banner Engineering, BERNSTEIN, Control Products, Doorking, Eaton, EUCHNER, GE, Halma, Honeywell, IDEC, IDEM Safety Switches Limited, KEYENCE, Panasonic, Pepperl+Fuchs, Pinnacle Systems, Schmersal, SICK, TS Industrial, and UTC.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is emergence of miniaturized interlock switches. Miniaturization of a particular device or equipment in an industry has a multiplying effect on the related device as well. For example, the miniaturization of a control panel also demands the miniaturization of the push buttons and other controls. The miniaturization of the interlock switches has been necessitated by the miniaturization of applications that these switches are used in. The miniaturization of motors and generators, forging machines, and packaging equipment, etc., has induced the trend of miniaturization in the interlock switches market.”
According to the report, one of the major drivers for this market is stringent safety regulations to protect workers in manufacturing industries. Safety sensors and switches are used in a broad range of applications in manufacturing processes such as material handling, assembly, conveyor systems, packaging robot cells, and transport systems. The above-mentioned processes are widely prevalent in the food and beverage, heavy machinery, automotive; and chemical industries. The rise in demand for the products of these industries and the improved economic condition in several developing countries are the factors that are expected to lead to new production and manufacturing facilities. The growth of safety devices (such as safety sensors and switches) in the workplace is primarily driven by government regulations. The need to protect employees in industrial settings has spurred the governments in various countries to come up with stringent regulations on machine and personnel safety.
ABB, General Electric, OMRON, Rockwell Automation, Schneider Electric, Siemens, Banner Engineering, BERNSTEIN, Control Products, Doorking, Eaton, EUCHNER, GE, Halma, Honeywell, IDEC, IDEM Safety Switches Limited, KEYENCE, Panasonic, Pepperl+Fuchs, Pinnacle Systems, Schmersal, SICK, TS Industrial, and UTC.