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Global Industrial Safety Relays and Timers Market 2017-2021

Global Industrial Safety Relays and Timers Market 2017-2021

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.

Technavio’s analysts forecast the global industrial safety relays and timers market to grow at a CAGR of 4.23% during the period 2017-2021.

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
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
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Safety Relays and Timers Market 2017-2021

Technavio recognizes the following companies as the key players in the global industrial safety relays and timers market: ABB, EATON, Rockwell Automation, Schneider Electric, and Siemens

Other Prominent Vendors in the market are: Euchner-USA, Panasonic Electric Works, Pilz, SICK AG, and Yokogawa Electric Corporation.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing use of multi-function safety relays instead of single-function relays. A multi-function safety relay has multiple inputs and outputs. In many applications, a single-function safety relay may not be effective enough to be used while a safety PLC may not be economically viable. In such instances, a multi-function safety relay is effective. This is because it is simple in installation compared with a PLC but better than a single-function safety relay. Single-function safety relays are best suited to control machines with three or less than three safety inputs. Beyond that when safety functions increase considerably, safety PLCs are used. However, a multi-function safety relay is more viable.”

According to the report, one of the major drivers for this market is Increasing use of smart and programmable timers. There have been technological advances in electronic timers. These advanced timers offer smart operations with developed control and monitoring functions. The primary benefit that these timers offer is that they can be operated within a wider temperature range, making it easy to use them under harsh environmental conditions. These have been inducing the use of smart timers in industries.

Further, the report states that one of the major factors hindering the growth of this market is Increase in use of safety PLCs over safety relays. With the increase in safety functions, the complexity associated with them has also been growing. Safety relays work best when safety points are less than two or three. Beyond that, the system becomes too complex and cumbersome for safety relays to handle. In such a situation, a safety programmable logic controller (PLC) makes a suitable option to address difficult applications. A safety PLC integrates functions of a control system with a safety system under one platform. With the help of a safety PLC, safety networks can monitor all the devices on a single safety network. Another advantage of a safety PLC over safety relays is that the expansion or change in a safety function is cost effective and easier in a PLC.

Companies Mentioned

ABB, EATON, Rockwell Automation, Schneider Electric, Siemens, Euchner-USA, Panasonic Electric Works, Pilz, SICK AG, and Yokogawa Electric Corporation.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Advantages of using safety relays
  • Market landscape
    • Market overview
      • Table Global industrial safety relays and timers market by end-users
      • Table Global industrial safety relays and timers market by geography
    • Market size and forecast
      • Table Global industrial safety relays and timers market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
    • Market size and forecast
      • Table Global industrial safety relays and timers market by end-user 2016
      • Table Global industrial safety relays and timers market by end-user 2021
    • Global industrial safety relays and timers market by end-user
      • Table Global industrial safety relays and timers market by end-user 2016-2021 ($ millions)
    • Global industrial safety relays and timers by chemical and petrochemical industry
      • Table Global industrial safety relays and timers market by chemical and petrochemical industry 2016-2021 ($ millions)
    • Global industrial safety relays and timers market by oil and gas industry
      • Table Global industrial safety relays and timers market by oil and gas 2016-2021 ($ millions)
    • Global industrial safety relays and timers market by power industry
      • Table Global industrial safety relays and timers market by power 2016-2021 ($ millions)
    • Global industrial safety relays and timers market by mining industry
      • Table Global industrial safety relays and timers market by mining industry 2016-2021 ($ millions)
    • Global industrial safety relays and timers market by others
      • Table Global industrial safety relays and timers market by others 2016-2021 ($ millions)
  • Regional landscape
    • Geographical segmentation
      • Table Global industrial safety relays and timers market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Industrial safety relays and timers market in Americas - Market size and forecast 2016-2021
      • Table Industrial safety relays and timers market in Americas 2016-2021 ($ millions)
      • Table Industrial safety relays and timers market in Americas - Year-over-year growth 2016- 2021 ($ millions)
    • Industrial safety relays and timers market in EMEA - Market size and forecast 2016-2021
      • Table Industrial safety relays and timers market in EMEA 2016-2021 ($ millions)
      • Table Industrial safety relays and timers market in EMEA - Year-over-year growth 2016-2021
    • Industrial safety relays and timers market APAC - Market size and forecast 2016-2021
      • Table Industrial safety relays and timers market APAC 2016-2021 ($ millions)
      • Table Industrial safety relays and timers market in APAC - Year-over-year growth 2016-2021
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity by geography
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing use of multi-function safety relays instead of single-function relays
      • Table Advantages of multi-function safety relay over single-function relay
    • Rising incorporation of new features in industrial safety timers
    • Growing focus toward enhanced battery life of timers
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Key vendor analysis
      • ABB
        • Table ABB: Business segments
        • Table Product portfolio
        • Table ABB: Recent developments
    • EATON
      • Table Eaton: Business segments
      • Table Eaton: Product portfolio
      • Table Eaton: Recent developments
    • Rockwell Automation
      • Table Rockwell Automation: Business segments
      • Table Rockwell Automation: Product portfolio
      • Table Rockwell Automation: Recent developments
    • Schneider Electric
      • Table Schneider Electric: Business segments
      • Table Schneider Electric: Product portfolio
      • Table Schneider Electric: Recent developments
    • Siemens
      • Table Siemens: Business segments
      • Table Siemens: Product portfolio
      • Table Siemens: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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