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Global Safety Switches Market 2016-2020

About the Safety Switches Market

The demand for safety switches has increased considerably at present compared to the last decade. This is evident from the growing applications of automated systems and industrial robots in manufacturing and industrial production, besides the increasing urban population and the subsequent electricity consumption patterns. The increase in robotic applications in industrial and manufacturing production lines increases the risks associated with them, which can be mitigated to some degree with the use of safety switches.

Technavio’s analysts forecast the global safety switches market to grow at a CAGR of 6.28% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global filtered connector market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of safety switches globally considering different types of safety switches used; their application sectors; the average replacement period of safety switches; demand from various geographical segments and the different market growth patterns in these geographies; and the application of safety switches in different application segments like the residential, commercial, and industrial sectors.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Safety Switches Market 2016-2020, 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
  • GE
  • Rockwell Automation
  • Schneider Electric
  • SICK
Other prominent vendors
  • Omron
  • Pepperl-Fuchs
  • Eaton
  • Schemersal
  • IDEM
  • Euchner
Market driver
  • Stringent standards and norms for machine safety
  • For a full, detailed list, view our report
Market challenge
  • Faulty product recalls
  • For a full, detailed list, view our report
Market trend
  • Growing preference for stainless steel safety switches
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Safety Switches Market 2016-2020

Technavio recognizes the following companies as the key players in the global safety switches market: ABB, GE, Rockwell Automation, Schneider Electric, and SICK.

Other Prominent Vendors in the market are: Omron, Pepperl-Fuchs, Eaton, Schemersal, IDEM, and Euchner.

Commenting on the report, an analyst from Technavio’s team said: “One trend leading to the growth of this market is the growing preference for stainless steel safety switches. Safety switches should be able to withstand harsh and rough working conditions. For example, safety switches operating in the waste recycling industry should be robust and should be able to withstand the possibility of debris. Regular plastic safety switches may fail to stand up to harsh operating conditions; in such scenarios, stainless steel safety switches could be the best alternative.”

According to the report, one driver facilitating growth in this market is the increasing demand for electricity and power distribution systems. Regions such as EMEA and the Americas are revamping the decade-old power grid distribution and transmission lines spurred by regulations and policies on energy conservation. The global electricity generation was approximately 25,000 TWh in 2015 and it is expected to reach about 29,000 TWh by 2020. The growth in power generation would require high levels of investment in infrastructure development in the T&D sector.

Further, the report states that one challenge impeding growth in this market is the increasing instances of faulty product recalls. Faulty safety switches are finding their way into the global safety switches market, affecting both vendor profitability and consumer confidence as these products are untested and could cause damage to property or personnel when used along with electrical equipment in the residential and commercial sectors. This poses a challenge to the safety switches market as counterfeit safety switches are difficult to distinguish from the original ones.

Companies Mentioned

ABB, GE, Rockwell Automation, Schneider Electric, SICK, Omron, Pepperl-Fuchs, Eaton, Schemersal, IDEM, and Euchner.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Global safety switches market: End-user applications 2015
      • Table Global safety switches market: End-user applications 2015-2020
  • Market landscape
    • Market overview
      • Table Global safety switches market 2015-2020
    • Market size and forecast
      • Table Global safety switches market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • End-user segmentation
      • Table Global safety switches market: End-user applications 2015-2020
    • Global safety switches market by residential sector
      • Table Global safety switches market by residential sector 2015-2020 ($ billions)
      • Table Comparison of different types of residential safety switches
    • Global safety switches market by industrial sector
      • Table Global safety switches market by industrial sector 2015-2020 ($ billions)
    • Global safety switches market by commercial sector
      • Table Global safety switches market by commercial sector 2015-2020 ($ millions)
      • Table Application-wise energy consumption in commercial sector 2015
  • Geographical segmentation
    • Table Global safety switches market by geography 2015 and 2020
    • Safety switches market in APAC
      • Table Safety switches market in APAC 2015-2020 ($ billions)
      • Table APAC safety switches market share by end-users 2015-2020 ($ billions)
    • Safety switches market in Americas
      • Table Safety switches market in Americas 2015-2020 ($ millions)
      • Table Safety switches market by industrial sector in Americas 2015-2020 ($ millions)
      • Table Safety switches market by residential sector in Americas 2015-2020 ($ millions)
      • Table Safety switches market by commercial sector in Americas 2015-2020 ($ millions)
    • Safety switches market in EMEA
      • Table Safety switches market in EMEA 2015-2020 ($ millions)
      • Table EMEA safety switches market share by end-users 2015-2020 ($ millions)
  • Market drivers
    • Stringent standards and norms for machine safety
    • Increase in demand for electricity and power distribution systems
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Faulty product recalls
    • Counterfeit products
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Technological upgrades
    • Growing preference for stainless steel safety switches
  • Vendor landscape
    • Market scenario
    • Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Business segmentation by revenue 2015
      • Table ABB: Geographical segmentation by revenue 2015
    • GE
      • Table GE: Business segmentation by revenue 2015
      • Table GE: Geographical segmentation by revenue 2015
    • Rockwell Automation
      • Table Rockwell Automation: Business segmentation by revenue 2015
      • Table Rockwell Automation: Geographical segmentation by revenue 2015
    • Schneider Electric
      • Table Schneider Electric: Business segmentation by revenue 2015
      • Table Schneider Electric product portfolio
    • SICK
      • Table SICK: Business segmentation by revenue 2014
      • Table SICK: Geographical segmentation by revenue 2014
      • Table SICK product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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