Safety Switch Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2025

Safety Switch Market:

Executive Summary

Global Safety Switch Market valued approximately USD 1.1 million in 2016 is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2017-2025.

The growth of this market is fueled by the 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. Developments in the safety switch market ecosystem through organic and inorganic growth strategies, such as product developments, merger and acquisition, partnerships, collaborations, and agreements further drive the growth of this market. The major demand for safety switches is from the oil & gas and food & beverage industries. Oil & gas drilling and servicing activities are undertaken in hazardous environments, which, in turn, mandate the installation of safety systems for such activities. The growing automation in food & beverage industry to satisfy changing demands also contributes to the growth of safety switch market.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:

• Contact Safety Switch
• Non-Contact Switch

By Safety Systems:

• Burner Management Systems (BMS)
• Emergency Shutdown (ESD) Systems
• Fire & Gas Monitoring Systems
• High Integrity Pressure Protection Systems (HIPPS)
• Turbomachinery Control (TMC) Systems

By Vertical:

• Oil & Gas
• Energy & Power
• Chemical
• Pharmaceutical
• Food & Beverage
• Metal & Mining
• Pulp & Paper
• Water & Wastewater Treatment
• Packaging
• Commercial
• Others

Furthermore, years considered for the study are as follows:

• Historical year – 2015
• Base year – 2016
• Forecast period – 2017 to 2025

Some of the key manufacturers involved in the market are ABB, General Electric,

Rockwell, Schneider Electric, Siemens. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global Safety Switch Market in Market Study:

• Key Consulting Companies & Advisors
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Resellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors

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Table of Contents

Chapter 1. Global Safety Switch Market Definition and Scope 
    1.1. Research Objective 
    1.2. Market Definition 
    1.3. Scope of The Study 
    1.4. Years Considered for The Study 
    1.5. Currency Conversion Rates 
    1.6. Report Limitation 

Chapter 2. Research Methodology 
    2.1. Research Process 
      2.1.1. Data Mining 
      2.1.2. Analysis 
      2.1.3. Market Estimation 
      2.1.4. Validation 
      2.1.5. Publishing 
    2.2. Research Assumption 

Chapter 3. Executive Summary 
    3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion) 
    3.2. Key Trends 

Chapter 4. Global Safety Switch Market Dynamics 
    4.1. Growth Prospects 
      4.1.1. Drivers 
      4.1.2. Restraints 
      4.1.3. Opportunities 
    4.2. Industry Analysis 
      4.2.1. Porter’s 5 Force Model 
      4.2.2. PEST Analysis 
      4.2.3. Value Chain Analysis 
    4.3. Analyst Recommendation & Conclusion

Chapter 5. Global Safety Switch Market, By Product Type

Chapter 6. Global Safety Switch Market, by Safety System

Chapter 7. Global Safety Switch Market, By Vertical

Chapter 8. Global Safety Switch Market, by Regional Analysis

Chapter 9. Competitive Intelligence 
    9.1. Company Market Share (Subject to Data Availability) 
    9.2. Top Market Strategies 
    9.3. Company Profiles 
      9.3.1. ABB 
          9.3.1.1. Overview 
          9.3.1.2. Financial (Subject to Data Availability) 
          9.3.1.3. Product Summary 
          9.3.1.4. Recent Developments 
      9.3.2. General Electric 
      9.3.3. Rockwell 
      9.3.4. Schneider Electric 
      9.3.5. Siemens 
      9.3.6. Eaton 
      9.3.7. Honeywell 
      9.3.8. Omron 
      9.3.9. Pilz 
      9.3.10. SICK  

 Continuous…

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