Global Safety Programmable Controller Market Analysis 2019

Global Safety Programmable Controller Market Analysis 2019

The Global Safety Programmable Controller Market is accounted for $5.70 billion in 2017 and is expected to reach $11.30 billion by 2026 growing at a CAGR of 7.9% during the forecast period. A safety programmable controller can be used to control and automate pieces of industrial equipment. A safety PLC supports all the applications that a standard PLC does; however, a safety PLC contains integrated safety functions that allow it to control safety systems as well. Increase in the demand for safety, Set of international standards and Need for functional flexibility are some of the factors fuelling the market growth. However Complexity of standards and training costs and lack of availability are restricting the market growth.

Based on Type, Compact segment is projected to be the fastest-growing during the forecast period. The integrated as either single or modular units. An integrated or Compact PLC is built by several modules within a single case. This PLC I/O module expandability is limited for one or two modules and it uses logic instruction list or relay ladder language as the programming language.

By Geography, North America has an increasing emphasis on industrial safety and the stringent regulations by various governments that are driving the growth of programmable controllers.

The key vendors mentioned are ABB Group, ASTRE Engineering, IDEC Corporation, Leuze electronic GmbH, Mistubishi Electric Corporation, Omron Corporation, Rockwell Automation, Schneider Electric SE, SICK Group, Siemens AG, Treotham.

Types Covered:
• Compact
• Modular
• Other Types

End User Covered:
• Aerospace
• Automotive
• Energy & Power
• Food & Beverages
• Gaming and Entertainment
• Manufacturing
• Medical & Parmaceutical
• Oil & Gas
• Semiconductors
• Other End Users

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:
• How this market evolved since the year 2016
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period