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