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Global Intrinsic Safety Modules Market 2017-2021

Global Intrinsic Safety Modules Market 2017-2021

About Intrinsic Safety Modules

Intrinsic safety modules are connected with sensors and relays, which are responsible for checking the fluctuations in power supply that may lead to a short circuit in the entire network. Intrinsic safety modules are important because they connect intrinsically safe-rated equipment such as transmitters, solenoids, sensors, and encapsulated assemblies. They are more cost-effective than other technologies used for protection from hazardous operations or other protective devices that are installed.

Technavio’s analysts forecast the global intrinsic safety modules market to grow at a CAGR of 5.81% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global intrinsic safety modules market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Intrinsic Safety Modules 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
  • Eaton
  • Rockwell Automation
  • Schneider Electric
  • Siemens
Other prominent vendors
  • ABB
  • Pepperl+ Fuchs
  • OMEGA
  • Rotork
  • IMI Sensors
  • Extronics
Market driver
  • High demand for process automation in emerging markets
  • For a full, detailed list, view our report
Market challenge
  • Applicable only for low power circuits
  • For a full, detailed list, view our report
Market trend
  • Emergence of intrinsically safe wireless pressure sensors
  • 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 Intrinsic Safety Modules Market 2017-2021

Technavio recognizes the following companies as the key players in the global intrinsic safety modules market: Eaton, Rockwell Automation, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: ABB, Pepperl+ Fuchs, OMEGA, Rotork, IMI Sensors, and Extronics.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of intrinsically safe wireless pressure sensors. Wireless pressure sensors feature a rugged metal enclosure with corrosion-resistant construction. Due to the sealed enclosure, they are highly suitable for outdoor applications in harsh environments. The pressure ports and the pressure diaphragm are also made of corrosion-resistant materials to make them resilient in the harshest of process media.”

According to the report, one driver in the market is high demand for process automation in emerging markets. High demand for I/O safety modules, especially from the Middle East and the BRICS (Brazil, Russia, India, China, and South Africa) countries, will act as a major driver for the intrinsic safety modules market. Developed regions such as Europe and North America already possess a large market for these modules, whereas countries like China, India, Vietnam, South Korea, Thailand, and Indonesia and those in Latin America and the Middle East, which are emerging markets, are generating high demand for intrinsic safety modules.

Further, the report states that one challenge in the market is applicable only for low power circuits. The main disadvantage of intrinsic safety modules in offering protection is that they can be only used for low-power circuits; thus, they cannot be used with intrinsically safe motors. Intrinsic safety modules are used mostly in devices like pressure transmitters, small capacity solenoid valves, control valve positioners, and similar devices. The measuring devices named above must be designed as intrinsically safe. Vendors need to do a step-by-step procedure to understand the criticality of the systems and how the process works.

Companies Mentioned

Eaton, Rockwell Automation, Schneider Electric, Siemens, ABB, Pepperl+ Fuchs, OMEGA, Rotork, IMI Sensors, and Extronics.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market 2016
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Global intrinsic safety modules market - Market size and forecast 2016-2021 ($ millions)
      • Table Global intrinsic safety modules market - Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis 2016
    • Table Five forces analysis 2021
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition (2016)
  • Market segmentation by product
    • Segmentation by product
      • Table Product - Market share 2016-2021 (%)
    • Comparison by product
      • Table Comparison by product
    • Global intrinsic safety modules market by zener barriers - Market size and forecast 2016-2021
      • Table Global intrinsic safety modules market by zener barriers - Market size and forecast 2016-2021 ($ millions)
      • Table Global intrinsic safety modules market by zener barriers - Year-over-year growth 2017-2021 (%)
    • Global intrinsic safety modules market by isolator barriers - Market size and forecast 2016-2021
      • Table Global intrinsic safety modules market by isolator barriers - Market size and forecast 2016-2021 ($ millions)
      • Table Global intrinsic safety modules market by isolator barriers - Year-over-year growth 2017-2021 (%)
    • Global intrinsic safety modules market by converter barriers - Market size and forecast 2016-2021
      • Table Global intrinsic safety modules market by converter barriers - Market size and forecast 2016-2021 ($ millions)
      • Table Global intrinsic safety modules market by converter barriers - Year-over-year growth 2017-2021 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user - Market share 2016-2021 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Global intrinsic safety modules market in oil and gas industry - Market size and forecast 2016-2021
      • Table Global intrinsic safety modules market in oil and gas industry - Market size and forecast 2016-2021 ($ millions)
      • Table Global intrinsic safety modules market in oil and gas industry - Year-over-year growth 2017-2021 (%)
    • Global intrinsic safety modules market in mining industry - Market size and forecast 2016-2021
      • Table Global intrinsic safety modules market in mining industry - Market size and forecast 2016-2021 ($ millions)
      • Table Global intrinsic safety modules market in mining industry - Year-over-year growth 2017-2021 (%)
    • Global intrinsic safety modules in power industry - Market size and forecast 2016-2021
      • Table Global intrinsic safety modules in power industry - Market size and forecast 2016-2021 ($ millions)
      • Table Global intrinsic safety modules in power industry - Year-over-year growth 2017-2021 (%)
    • Global intrinsic safety modules in chemical and petrochemical industry - Market size and forecast 2016-2021
      • Table Global intrinsic safety modules in chemical and petrochemical industry - Market size and forecast 2016-2021 ($ millions)
      • Table Global intrinsic safety modules in chemical and petrochemical industry - Year-over-year growth 2017-2021 (%)
    • Global intrinsic safety modules in other industries - Market size and forecast 2016-2021
      • Table Global intrinsic safety modules in other industries - Market size and forecast 2016-2021 ($ millions)
      • Table Global intrinsic safety modules in other industries - Year-over-year growth 2017-2021 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global intrinsic safety modules market segmentation by geography - Market share 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Intrinsic safety modules market in Americas - Market size and forecast 2016-2021
      • Table Intrinsic safety modules market in Americas - Market size and forecast 2016-2021 ($ millions)
      • Table Intrinsic safety modules market in Americas - Year-over-year growth 2017-2021 (%)
    • Intrinsic safety modules market in EMEA - Market size and forecast 2016-2021
      • Table Intrinsic safety modules market in EMEA - Market size and forecast 2016-2021 ($ millions)
      • Table Intrinsic safety modules market in EMEA - Year-over-year growth 2017-2021 (%)
    • Intrinsic safety modules market in APAC - Market size and forecast 2016-2021
      • Table Intrinsic safety modules market in APAC - Market size and forecast 2016-2021 ($ millions)
      • Table Intrinsic safety modules market in APAC - Year-over-year growth 2017-2021 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenge
      • Table Changes in the prices of raw materials 2016 (%)
  • Market trends
    • Emergence of intrinsically safe wireless pressure sensors
    • Intrinsically safe I/O, explosion-proof control panels, and panel PCs for process industries
    • Emergence of sophisticated technology in safety equipment
  • Vendor landscape
    • Competitive scenario
      • Table Competitive scenario in global intrinsic safety modules market
  • Vendor analysis
    • Vendors covered
    • Eaton
      • Table End-users of Eaton
      • Table Eaton: Product portfolio
    • Rockwell Automation
      • Table Product lines of Rockwell Automation
      • Table Rockwell Automation: Product portfolio
    • Schneider Electric
      • Table Product lines of Schneider Electric
      • Table Schneider Electric: Product portfolio
    • Siemens
      • Table Business segments of Siemens
      • Table Siemens: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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