The Global Market for Safety Switches, 2019 to 2024: $2.1 Billion Opportunity Analysis; Industry Trends, Share, Size and Growth - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 7, 2019--The “Safety Switches Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.
The global safety switches market was worth US$ 1.4 Billion in 2018. The market is expected to reach a value of US$ 2.1 Billion by 2024, exhibiting a CAGR of around 6% during 2019-2024.
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.
Additionally, 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.
Key Questions Answered
- 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?
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
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
6.2 Non-Contact Safety Switch
7 Market Breakup by Safety System
7.1 Burner Management Systems (BMS)
7.2 Emergency Shutdown (ESD) Systems
7.3 Fire and Gas Monitoring Systems
7.4 High Integrity Pressure Protection (HIPPS) Systems
7.5 Turbomachinery Control (TMC) Systems
8 Market Breakup by Switch Type
8.1 Switchboard Safety Switches
8.2 Power Point Switches
8.3 Portable Safety Switches
9 Market Breakup by End-User
9.1 Energy and Power
9.2 Oil and Gas
9.4 Food and Beverage
9.5 Metal and Mining
10 Market Breakup by Region
10.2 North America
10.3 Asia Pacific
10.4 Middle East and Africa
10.5 Latin America
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.2 General Electric
15.3.4 Schneider Electric
For more information about this report visit https://www.researchandmarkets.com/r/kdxweo
View source version on businesswire.com:https://www.businesswire.com/news/home/20190507005838/en/
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Related Topics:Electrical Switches
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 05/07/2019 12:10 PM/DISC: 05/07/2019 12:10 PM