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Safety Switches Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global safety switches market was worth US$ 1.4 Billion in 2018. A safety switch is a device that instantly turns off the power supply if an electrical fault is detected. This reduces the risk of electricity-related fires, electric shock, injury and death by cutting off the electrical supply automatically. As a result, these switches are extensively utilized across various industry verticals including pharmaceutical, oil and gas, and aerospace. Moreover, numerous organizations are using safety switches in their workplace in order to prevent work-related hazards, safeguard workforce and meet the required corporate safety standards.

The increasing utilization of safety switches in industries such as food and beverages, mining and automotive is contributing to the growth of the market. Moreover, the introduction of energy-efficient and environment-friendly systems is also providing thrust to the sales of these switches. Additionaly, governments across both developed and developing countries are implementing safety norms which are also creating a positive impact for the market. For instance, the installation of safety switches has been made mandatory for commercial, industrial and residential verticals across various countries to ensure equipment and personnel safety. Furthermore, the growth of various end-use industries, such as oil & gas, healthcare, chemical, food & beverage, etc. is also creating a positive impact on the demand of safety switches. Some of the other major factors driving the market include rising adoption of automation in hazardous industrial areas, increasing demand for non-contact door switches, rising urbanization rates, technological advancements and upgrades, etc. According to IMARC Group, the market is expected to reach a value of US$ 2.1 Billion by 2024, exhibiting a CAGR of around 6% during 2019-2024.

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Product Type
    • Contact Safety Switch
      • Hinge Switches
      • Locking Switches
      • Others
    • Non-Contact Safety Switch
      • Inductive Switches
      • Magnetic Switches
      • RFID Transponder Switches
         
  • Market Breakup by Safety System:
    • Burner Management Systems (BMS) 
    • Emergency Shutdown (ESD) Systems 
    • Fire and Gas Monitoring Systems 
    • High Integrity Pressure Protection Systems (HIPPS) 
    • Turbomachinery Control (TMC) Systems
       
  • Market Breakup by Switch Type:
    • Switchboard Safety Switches
    • Power Point Switches
    • Portable Safety Switches
       
  • Market Breakup by End-User:
    • Energy and Power
    • Oil and Gas
    • Chemical
    • Food and Beverage
    • Metal and Mining
    • Pharmaceutical
    • Others
       
  • Market Breakup by Region:
    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being ABB, General Electric, Rockwell, Schneider Electric, Siemens, Eaton, Honeywell, Omron, Pilz, SICK, etc.

Key Questions Answered in This Report:

  • How has the global safety switches market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global safety switches industry?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the safety system?
  • What is the breakup of the market based on the switch type?
  • What is the breakup of the market based on the end-user?
  • What are the various stages in the value chain of the global safety switches industry?
  • What are the key driving factors and challenges in the global safety switches industry?
  • What is the structure of the global safety switches industry and who are the key players?
  • What is the degree of competition in the global safety switches industry?
  • What are the profit margins in the global safety switches industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Safety Switches Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Product Type
    5.4    Market Breakup by Safety System
    5.5    Market Breakup by Switch Type
    5.6    Market Breakup by End-User
    5.7    Market Breakup by Region
    5.8    Market Forecast
6    Market Breakup by Product Type
    6.1    Contact Safety Switch 
        6.1.1   Market Trends
        6.1.2   Market Breakup by Type
            6.1.2.1    Hinge Switches
                6.1.2.1.1  Market Trends
                6.1.2.2.2  Market Forecast
            6.1.2.2    Locking Switches
                 6.1.2.2.1  Market Trends
                 6.1.2.2.2  Market Forecast
            6.1.2.3    Others
                 6.1.2.3.1  Market Trends
                 6.1.2.3.2  Market Forecast
        6.1.3    Market Forecast
    6.2    Non-Contact Safety Switch 
        6.2.1  Market Trends
        6.2.2  Market Breakup By Type
            6.2.2.1   Inductive Switches
                 6.2.2.1.1  Market Trends
                 6.2.2.1.2  Market Forecast
            6.2.2.2    Magnetic Switches
                 6.2.2.2.1  Market Trends
                 6.2.2.2.2  Market Forecast
            6.2.2.3    RFID Transponder Switches
                 6.2.2.3.1  Market Trends
                 6.2.2.3.2  Market Forecast
        6.2.3    Market Forecast
7    Market Breakup by Safety System
    7.1    Burner Management Systems (BMS)
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Emergency Shutdown (ESD) Systems
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Fire and Gas Monitoring Systems
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    High Integrity Pressure Protection (HIPPS) Systems 
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Turbomachinery Control (TMC) Systems
        7.5.1    Market Trends
        7.5.2    Market Forecast
8    Market Breakup by Switch Type
    8.1    Switchboard Safety Switches
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Power Point Switches
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Portable Safety Switches
        8.3.1    Market Trends
        8.3.2    Market Forecast
9    Market Breakup by End-User
    9.1    Energy and Power
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Oil and Gas
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Chemical 
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Food and Beverage 
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Metal and Mining 
        9.5.1    Market Trends
        9.5.2    Market Forecast
    9.6    Pharmaceutical
        9.6.1    Market Trends
        9.6.2    Market Forecast
    9.7    Others
        9.7.1    Market Trends
        9.7.2    Market Forecast
10    Market Breakup by Region
    10.1    Europe
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    North America
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Asia Pacific
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Middle East and Africa
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Latin America
        10.5.1    Market Trends
        10.5.2    Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    ABB 
        15.3.2    General Electric 
        15.3.3    Rockwell 
        15.3.4    Schneider Electric 
        15.3.5    Siemens 
        15.3.6    Eaton
        15.3.7    Honeywell
        15.3.8    Omron
        15.3.9    Pilz 
        15.3.10      SICK 

List of Figures

Figure 1: Global: Safety Switches Market: Major Drivers and Challenges
Figure 2: Global: Safety Switches Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Safety Switches Market: Breakup by Product Type (in %), 2018
Figure 4: Global: Safety Switches Market: Breakup by Safety System (in %), 2018
Figure 5: Global: Safety Switches Market: Breakup by Switch Type (in %), 2018
Figure 6: Global: Safety Switches Market: Breakup by End-User (in %), 2018
Figure 7: Global: Safety Switches Market: Breakup by Region (in %), 2018
Figure 8: Global: Safety Switches Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 9: Global: Safety Switches Industry: SWOT Analysis
Figure 10: Global: Safety Switches Industry: Value Chain Analysis
Figure 11: Global: Safety Switches Industry: Porter’s Five Forces Analysis
Figure 12: Global: Safety Switches (Contact Safety Switch) Market: Sales Value (in Million US$), 2013-2018
Figure 13: Global: Safety Switches (Contact Safety Switch) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Safety Switches (Non-Contact Safety Switch) Market: Sales Value (in Million US$), 2013-2018
Figure 15: Global: Safety Switches (Non-Contact Safety Switch) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Safety Switches (Burner Management Systems) Market: Sales Value (in Million US$), 2013-2018
Figure 17: Global: Safety Switches (Burner Management Systems) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Safety Switches (Emergency Shutdown Systems) Market: Sales Value (in Million US$), 2013-2018
Figure 19: Global: Safety Switches (Emergency Shutdown Systems) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Safety Switches (Fire and Gas Monitoring Systems) Market: Sales Value (in Million US$), 2013-2018
Figure 21: Global: Safety Switches (Fire and Gas Monitoring Systems) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Safety Switches (High Integrity Pressure Protection Systems) Market: Sales Value (in Million US$), 2013-2018
Figure 23: Global: Safety Switches (High Integrity Pressure Protection Systems) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Safety Switches (Turbomachinery Control (TMC) Systems) Market: Sales Value (in Million US$), 2013-2018
Figure 25: Global: Safety Switches (Turbomachinery Control (TMC) Systems) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Safety Switches (Switchboard Safety Switches) Market: Sales Value (in Million US$), 2013-2018
Figure 27: Global: Safety Switches (Switchboard Safety Switches) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Global: Safety Switches (Power Point Switches) Market: Sales Value (in Million US$), 2013-2018
Figure 29: Global: Safety Switches (Power Point Switches) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Global: Safety Switches (Portable Safety Switches) Market: Sales Value (in Million US$), 2013-2018
Figure 31: Global: Safety Switches (Portable Safety Switches) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Global: Safety Switches (Energy and Power) Market: Sales Value (in Million US$), 2013-2018
Figure 33: Global: Safety Switches (Energy and Power) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Global: Safety Switches (Oil and Gas) Market: Sales Value (in Million US$), 2013-2018
Figure 35: Global: Safety Switches (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Global: Safety Switches (Chemical) Market: Sales Value (in Million US$), 2013-2018
Figure 37: Global: Safety Switches (Chemical) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: Global: Safety Switches (Food and Beverage) Market: Sales Value (in Million US$), 2013-2018
Figure 39: Global: Safety Switches (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Global: Safety Switches (Metal and Mining) Market: Sales Value (in Million US$), 2013-2018
Figure 41: Global: Safety Switches (Metal and Mining) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: Global: Safety Switches (Pharmaceutical) Market: Sales Value (in Million US$), 2013-2018
Figure 43: Global: Safety Switches (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 44: Global: Safety Switches (Others) Market: Sales Value (in Million US$), 2013-2018
Figure 45: Global: Safety Switches (Others) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 46: North America: Safety Switches Market: Sales Value (in Million US$), 2013-2018
Figure 47: North America: Safety Switches Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 48: Europe: Safety Switches Market: Sales Value (in Million US$), 2013-2018
Figure 49: Europe: Safety Switches Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 50: Asia Pacific: Safety Switches Market: Sales Value (in Million US$), 2013-2018
Figure 51: Asia Pacific: Safety Switches Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 52: Middle East and Africa: Safety Switches Market: Sales Value (in Million US$), 2013-2018
Figure 53: Middle East and Africa: Safety Switches Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 54: Latin America: Safety Switches Market: Sales Value (in Million US$), 2013-2018
Figure 55: Latin America: Safety Switches Market Forecast: Sales Value (in Million US$), 2019-2024


List of Tables

Table 1: Global: Safety Switches Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Safety Switches Market Forecast: Breakup by Product Type (in Million US$), 2019-2024
Table 3: Global: Safety Switches Market Forecast: Breakup by Safety System (in Million US$), 2019-2024
Table 4: Global: Safety Switches Market Forecast: Breakup by Switch Type (in Million US$), 2019-2024
Table 5: Global: Safety Switches Market Forecast: Breakup by End-User (in Million US$), 2019-2024
Table 6: Global: Safety Switches Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 7: Global: Safety Switches Market Structure
Table 8: Global: Safety Switches Market: Key Players

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