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Safety Switch Market by Product (Contact Switch and Non-Contact Switch), Safety System (ESD, HIPPS, BMS, Fire & Gas Monitoring Systems, and Turbomachinery Control Systems), Vertical (Oil & Gas, Chemical), and Region - Global Forecast to 2023

Safety Switch Market by Product (Contact Switch and Non-Contact Switch), Safety System (ESD, HIPPS, BMS, Fire & Gas Monitoring Systems, and Turbomachinery Control Systems), Vertical (Oil & Gas, Chemical), and Region - Global Forecast to 2023

“Safety switch market expected to grow at a significant rate between 2018 and 2023”
The safety switch market is expected to grow at a CAGR of 4.5% between 2018 and 2023, reaching from USD 1.24 billion in 2018 to USD 1.55 billion by 2023. The key factors driving the growth of the safety switch market are the development strategies implemented by the players operating in the safety switch market, such as agreements, product launches and developments, partnerships, collaborations, and mergers & acquisitions; growing adoption of automation in hazardous industrial areas; increasing government intervention for equipment and personnel safety in industries; and rising demand for non-contact door switches to improve the stability of doors and guards. The major restraining factor for the growth of this market is the high investment required for automation implementation and maintenance of equipment in hazardous environments.

“Contact safety switch expected to hold a larger share of the safety switch market during the forecast period”
The contact safety switch market is expected to hold a larger share than non-contact safety switch market. The larger market share of contact safety switches can be attributed to its predominant use in every industry and lower cost as compared to non-contact switches.

“Emergency shutdown system expected to hold the largest share of the overall safety switch market in 2018”
The emergency shutdown system is expected to hold the largest share of overall safety switch market. With the expansion of process industries, such as oil & gas, pharmaceutical, chemical, food & beverage, and energy & power, the need for safety and security of equipment and personnel is growing. Emergency shutdown systems are increasingly being deployed in various industries to initiate shutdown of a process, unit, or plant in the event of an emergency. These systems are deployed to prevent accidents at workplaces and reduce the cost to the company.

“Oil & gas industry vertical expected to hold the largest share of the overall safety switch market in 2018”
Environmental hazards in the oil & gas industry, such as oil spills, natural gas leaks, and discharge of toxic gases have propelled the demand for safety equipment. Thus, various safety systems, such as emergency shutdown systems, fire & gas monitoring systems, high integrity pressure protection systems, and burner management systems are increasingly deployed in the oil & gas industry. In addition, various safety solutions, such as safety sensors, safety switches, actuators, safety valves, and safety relays are also deployed in this industry. Due to these factors, the oil & gas vertical accounted for a large share of the safety switch market in 2017.

“Safety switch market in Asia Pacific expected to grow at the highest rate during the forecast period”
The safety switch market in Asia Pacific (APAC) is expected to grow at the highest rate between 2018 and 2023. The safety switch market in countries such as China, India, Japan, and South Korea is expected to grow at a high rate due to the increasing deployment of automated technologies to reduce operational costs, enhance productivity, and ensure functional safety.

The break-up of the profiles of primary participants for the report has been given below.
By Company Type: Tier 1 - 15%, Tier 2 - 55%, Tier 3 - 30%
By Designation: C-Level Executives - 10%, Managers - 35%, Others - 55%
By Region: Americas - 35%, APAC - 50%, and Europe - 15%.

The key players operating in the safety switch market are General Electric (US), Schneider Electric (France), Rockwell (US), Siemens (Germany), ABB (Switzerland), Eaton (Republic of Ireland), Honeywell (US), Omron (Japan), Pilz (Germany), SICK (Germany), Banner Engineering (US), BERNSTEIN (Germany), Emerson (US), EUCHNER (Germany), Fortress Interlocks (UK), IDEC (Japan), IDEM (UK), Pepperl+Fuchs (Germany), Schmersal (Germany), and Stahl (Germany).

Research Coverage:
In this research report, the safety switch market is segmented on the basis of product type, safety system, vertical, and region. The market has been segmented based on product type into contact switch and non-contact switch. Based on safety system, the safety switch market has been classified into emergency shutdown systems, high integrity pressure protection systems, burner management systems, fire & gas monitoring systems, and turbomachinery control systems. The market has been segmented by vertical into oil & gas, energy & power, chemical, pharmaceutical, pulp & paper, metal & mining, water & wastewater treatment, food & beverage, packaging, commercial, and others.

Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market based on product type, safety system, industry vertical, and region have been provided to present an overall view of the safety switch market.
The value chain analysis is provided for in-depth insights into the safety switch market.
The major drivers, restraints, opportunities, and challenges for the safety switch market have been detailed in this report.


1 Introduction
1.1 Objectives Of The Study
1.2 Definition
1.3 Market Segmentation
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered For The Study
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown Of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-up Approach
2.2.2 Top-down Approach
2.3 Market Breakdown And Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities In The Safety Switch Market
4.2 Safety Switch Market, By Product Type
4.3 Safety Switch Market, By Safety System
4.4 Safety Switch Market, By Vertical
4.5 Safety Switch Market In Apac, By Country And Vertical
4.6 Safety Switch Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Adoption Of Automation In Hazardous Industrial Areas
5.2.1.2 Increasing Government Intervention For Equipment And Personnel Safety In Industries
5.2.1.3 Increasing Demand For Non-contact Door Switches To Improve The Stability Of Doors Or Guards
5.2.2 Restraints
5.2.2.1 High Investment Required For Automation Implementation And Maintenance Of Equipment In Hazardous Environments
5.2.3 Opportunities
5.2.3.1 Rising Acceptance Of Workplace Safety Standards In Emerging Economies
5.2.4 Challenges
5.2.4.1 Management Of Competitiveness In The Supply Chain
5.3 Value Chain Analysis
6 Safety Switch Market, By Product Type
6.1 Introduction
6.2 Contact Safety Switch
6.2.1 Hinge Switches
6.2.2 Locking Switches
6.2.3 Other Contact Safety Switches
6.3 Non-contact Safety Switch
6.3.1 Inductive Switches
6.3.2 Magnetic Switches
6.3.3 Rfid Transponder Switches
7 Safety Switch Market, By Safety System
7.1 Introduction
7.2 Burner Management Systems (Bms)
7.3 Emergency Shutdown (Esd) Systems
7.4 Fire & Gas Monitoring Systems
7.5 High Integrity Pressure Protection Systems (Hipps)
7.6 Turbomachinery Control (Tmc) Systems
8 Safety Switch Market, By Vertical
8.1 Introduction
8.2 Oil & Gas
8.3 Energy & Power
8.4 Chemical
8.5 Pharmaceutical
8.6 Food & Beverage
8.7 Metal & Mining
8.8 Pulp & Paper
8.9 Water & Wastewater Treatment
8.10 Packaging
8.11 Commercial
8.12 Others
9 Safety Switch Market, By Region
9.1 Introduction
9.2 Americas
9.2.1 Us
9.2.2 Canada
9.2.3 Mexico
9.2.4 Rest Of Americas
9.3 Europe
9.3.1 Germany
9.3.2 Uk
9.3.3 France
9.3.4 Rest Of Europe
9.4 Apac
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest Of Apac
9.5 Row
9.5.1 Middle East
9.5.2 Africa
10 Competitive Landscape
10.1 Introduction
10.2 Ranking Analysis Of Market Players
10.3 Competitive Scenario
10.3.1 Product Launches And Developments
10.3.2 Agreements, Collaborations, Partnerships, Joint Ventures, Expansions, And Contracts
11 Company Profile
11.1 Introduction
(Business Overview, Products Offered, Recent Developments, Swot Analysis & Mnm View)*
11.2 Key Players
11.2.1 Abb
11.2.2 General Electric
11.2.3 Rockwell
11.2.4 Schneider Electric
11.2.5 Siemens
11.2.6 Eaton
11.2.7 Honeywell
11.2.8 Omron
11.2.9 Pilz
11.2.10 Sick
*Details On Business Overview, Products Offered, Recent Developments, Swot Analysis & Mnm View Might Not Be Captured In Case Of Unlisted Companies.
11.3 Other Players
11.3.1 Banner Engineering
11.3.2 Bernstein
11.3.3 Emerson
11.3.4 Euchner
11.3.5 Fortress Interlocks (Halma Plc)
11.3.6 Idec
11.3.7 Idem
11.3.8 Pepperl+Fuchs
11.3.9 Schmersal
11.3.10 R. Stahl Ag
12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Introducing Rt: Real-time Market Intelligence
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List Of Tables
Table 1 Safety Switch Market, By Product Type, 2015–2023 (Usd Million)
Table 2 Safety Switch Market, By Product Type, 2015–2023 (Thousand Units)
Table 3 Contact Safety Switch Market, By Type, 2015–2023 (Usd Million)
Table 4 Contact Safety Switch Market, By Type, 2015–2023 (Thousand Units)
Table 5 Contact Safety Switch Market, By Region, 2015–2023 (Usd Million)
Table 6 Non-contact Safety Switch Market, By Type, 2015–2023 (Usd Million)
Table 7 Non-contact Safety Switch Market, By Type,
2015–2023 (Thousand Units)
Table 8 Non-contact Safety Switch Market, By Region, 2015–2023 (Usd Million)
Table 9 Safety Switch Market, By Area Of Installation, 2015–2023 (Usd Million)
Table 10 Safety Switch Market For Non-hazardous Area, By Product Type,
2015–2023 (Usd Million)
Table 11 Safety Switch Market For Hazardous Area, By Product Type,
2015–2023 (Usd Million)
Table 12 Safety Switch Market, By Safety System, 2015–2023 (Usd Million)
Table 13 Safety Switch Market For Burner Management Systems,
By Product Type, 2015–2023 (Usd Million)
Table 14 Safety Switch Market For Emergency Shutdown Systems,
By Product Type, 2015–2023 (Usd Million)
Table 15 Safety Switch Market For Fire & Gas Monitoring Systems,
By Product Type, 2015–2023 (Usd Million)
Table 16 Safety Switch Market For High Integrity Pressure Protection Systems, By Product Type, 2015–2023 (Usd Million)
Table 17 Safety Switch Market For Turbomachinery Control Systems,
By Product Type, 2015–2023 (Usd Million)
Table 18 Safety Switch Market, By Vertical, 2015–2023 (Usd Million)
Table 19 Safety Switch Market For Oil & Gas Vertical, By Safety System,
2015–2023 (Usd Million)
Table 20 Safety Switch Market For Oil & Gas Vertical, By Product Type,
2015–2023 (Usd Million)
Table 21 Safety Switch Market For Oil & Gas Vertical, By Region,
2015–2023 (Usd Million)
Table 22 Safety Switch Market For Energy & Power Vertical, By Safety System, 2015–2023 (Usd Million)
Table 23 Safety Switch Market For Energy & Power Vertical, By Product Type, 2015–2023 (Usd Million)
Table 24 Safety Switch Market For Energy & Power Vertical, By Region,
2015–2023 (Usd Million)
Table 25 Safety Switch Market For Chemical Vertical, By Safety System,
2015–2023 (Usd Million)
Table 26 Safety Switch Market For Chemical Vertical, By Product Type,
2015–2023 (Usd Million)
Table 27 Safety Switch Market For Chemical Vertical, By Region,
2015–2023 (Usd Million)
Table 28 Safety Switch Market For Pharmaceutical Vertical, By Safety System, 2015–2023 (Usd Million)
Table 29 Safety Switch Market For Pharmaceutical Vertical, By Product Type, 2015–2023 (Usd Million)
Table 30 Safety Switch Market For Pharmaceutical Vertical, By Region,
2015–2023 (Usd Million)
Table 31 Safety Switch Market For Food & Beverage Vertical, By Safety System, 2015–2023 (Usd Million)
Table 32 Safety Switch Market For Food & Beverage Vertical, By Product Type, 2015–2023 (Usd Million)
Table 33 Safety Switch Market For Food & Beverage Vertical, By Region,
2015–2023 (Usd Million)
Table 34 Safety Switch Market For Metal & Mining Vertical, By Safety System, 2015–2023 (Usd Million)
Table 35 Safety Switch Market For Metal & Mining Vertical, By Product Type, 2015–2023 (Usd Million)
Table 36 Safety Switch Market For Metal & Mining Vertical, By Region,
2015–2023 (Usd Million)
Table 37 Safety Switch Market For Pulp & Paper Vertical, By Safety System, 2015–2023 (Usd Million)
Table 38 Safety Switch Market For Pulp & Paper Vertical, By Product Type, 2015–2023 (Usd Million)
Table 39 Safety Switch Market For Pulp & Paper Vertical, By Region,
2015–2023 (Usd Million)
Table 40 Safety Switch Market For Water & Wastewater Treatment Vertical,
By Safety System, 2015–2023 (Usd Million)
Table 41 Safety Switch Market For Water & Wastewater Treatment Vertical,
By Product Type, 2015–2023 (Usd Million)
Table 42 Safety Switch Market For Water & Wastewater Treatment Vertical,
By Region, 2015–2023 (Usd Million)
Table 43 Safety Switch Market For Packaging Vertical, By Safety System,
2015–2023 (Usd Million)
Table 44 Safety Switch Market For Packaging Vertical, By Product Type,
2015–2023 (Usd Million)
Table 45 Safety Switch Market For Packaging Vertical, By Region,
2015–2023 (Usd Million)
Table 46 Safety Switch Market For Commercial Vertical, By Safety System, 2015–2023 (Usd Million)
Table 47 Safety Switch Market For Commercial Vertical, By Product Type,
2015–2023 (Usd Million)
Table 48 Safety Switch Market For Commercial Vertical, By Region,
2015–2023 (Usd Million)
Table 49 Safety Switch Market For Other Verticals, By Safety System,
2015–2023 (Usd Million)
Table 50 Safety Switch Market For Other Verticals, By Product Type,
2015–2023 (Usd Million)
Table 51 Safety Switch Market For Other Verticals, By Region,
2015–2023 (Usd Million)
Table 52 Safety Switch Market, By Region, 2015–2023 (Usd Million)
Table 53 Safety Switch Market In Americas, By Country, 2015–2023 (Usd Million)
Table 54 Safety Switch Market In Americas, By Vertical, 2015–2023 (Usd Million)
Table 55 Safety Switch Market In Europe, By Country, 2015–2023 (Usd Million)
Table 56 Safety Switch Market In Europe, By Vertical, 2015–2023 (Usd Million)
Table 57 Safety Switch Market In Asia Pacific, By Country,
2015–2023 (Usd Million)
Table 58 Safety Switch Market In Asia Pacific, By Vertical,
2015–2023 (Usd Million)
Table 59 Safety Switch Market In Rest Of The World, By Country,
2015–2023 (Usd Million)
Table 60 Safety Switch Market In Rest Of The World, By Vertical,
2015–2023 (Usd Million)
Table 61 Ranking Of Top 5 Players In The Safety Switch Market, 2017
Table 62 10 Key Product Launches, Product Developments,
And Technology Developments
Table 63 Key Agreements, Collaborations, Partnerships, Joint Ventures, Expansions, And Contracts
List Of Figures
Figure 1 Safety Switch Market Segmentation
Figure 2 Safety Switch Market: Research Design
Figure 3 Research Flow Of Market Size Estimation
Figure 4 Market Size Estimation Methodology: Bottom-up Approach
Figure 5 Market Size Estimation Methodology: Top-down Approach
Figure 6 Data Triangulation
Figure 7 Contact Switch Estimated To Account For Larger Size Of Safety Switch Market In 2018
Figure 8 Emergency Shutdown Systems Estimated To Account For The Largest Size Of The Safety Switch Market In 2018
Figure 9 Safety Switch Market For Food & Beverage Vertical Expected To Grow At The Highest Cagr During The Forecast Period
Figure 10 Europe Accounted For The Largest Share Of The Safety Switch Market In 2017
Figure 11 Increasing Demand For Occupational Safety Drives The Growth Of
The Safety Switch Market
Figure 12 Contact Switch Expected To Lead The Safety Switch Market During
The Forecast Period
Figure 13 Fire & Gas Monitoring Systems Expected To Grow At The Highest Cagr During The Forecast Period
Figure 14 Oil & Gas Vertical Expected To Lead The Safety Switch Market During The Forecast Period
Figure 15 Oil & Gas Vertical To Account For The Largest Share Of The Safety Switch Market In Apac By 2023
Figure 16 Safety Switch Market In Apac Expected To Grow At The Highest Cagr From 2018 To 2023
Figure 17 Market Dynamics: Drivers, Restraints, Opportunities, And Challenges
Figure 18 Occupational Safety Performance
Figure 19 Value Chain Analysis Of The Safety Switch Market
Figure 20 Safety Switch Market, By Product Type
Figure 21 Market For Non-contact Safety Switch To Grow At Higher During Forecast Period
Figure 22 Hinge Switches Expected To Lead The Contact Safety Switch Market During The Forecast Period
Figure 23 Magnetic Switches Expected To Lead The Non-contact Safety Switch Market During The Forecast Period
Figure 24 Safety Switch Market, By Safety System
Figure 25 Safety Switch Market For Fire & Gas Monitoring Systems Expected To Grow At The Highest Cagr During The Forecast Period
Figure 26 Safety Switch Market, By Vertical
Figure 27 Oil & Gas Vertical Expected To Lead The Safety Switch Market During The Forecast Period
Figure 28 Safety Switch Market For Oil & Gas Vertical In Asia Pacific Expected To Grow At The Highest Cagr During The Forecast Period
Figure 29 Safety Switch Market For Energy & Power Vertical In Asia Pacific Expected To Grow At The Highest Cagr During The Forecast Period
Figure 30 Asia Pacific Expected To Lead The Safety Switch Market For Chemical Vertical During The Forecast Period
Figure 31 Safety Switch Market For Pharmaceutical Vertical In Asia Pacific Expected To Grow At The Highest Cagr During The Forecast Period
Figure 32 Safety Switch Market For Food & Beverage Vertical In Asia Pacific Expected To Grow At The Highest Cagr During The Forecast Period
Figure 33 Safety Switch Market For Metal & Mining Vertical In Asia Pacific Expected To Grow At The Highest Cagr During The Forecast Period
Figure 34 Safety Switch Market For Pulp & Paper Vertical In Asia Pacific Expected To Grow At The Highest Cagr During The Forecast Period
Figure 35 Safety Switch Market For Water & Wastewater Treatment Vertical In Asia Pacific Expected To Grow At The Highest Cagr During The Forecast Period
Figure 36 Safety Switch Market For Packaging Vertical In Asia Pacific Expected To Grow At The Highest Cagr During The Forecast Period
Figure 37 Safety Switch Market For Commercial Vertical In Asia Pacific Expected To Grow At The Highest Cagr During The Forecast Period
Figure 38 Safety Switch Market For Other Verticals In Asia Pacific Expected To Grow At The Highest Cagr During The Forecast Period
Figure 39 Europe Projected To Lead The Safety Switch Market During The Forecast Period
Figure 40 Americas Safety Switch Market Snapshot
Figure 41 Europe Safety Switch Market Snapshot
Figure 42 Asia Pacific Safety Switch Market Snapshot
Figure 43 Companies Adopted Agreements, Collaborations, And Product Developments As Key Growth Strategies Between January 2015 And December 2017
Figure 44 Safety Switch Market Evaluation Framework
Figure 45 Battle For The Market Share
Figure 46 Abb: Company Snapshot
Figure 47 General Electric: Company Snapshot
Figure 48 Rockwell: Company Snapshot
Figure 49 Schneider Electric: Company Snapshot
Figure 50 Siemens: Company Snapshot
Figure 51 Eaton: Company Snapshot
Figure 52 Honeywell: Company Snapshot
Figure 53 Omron: Company Snapshot
Figure 54 Sick: Company Snapshot

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