Albany, NY -- (SBWIRE) -- 07/05/2016 -- About the Safety Switches Market

The demand for safety switches has increased considerably at present compared to the last decade. This is evident from the growing applications of automated systems and industrial robots in manufacturing and industrial production, besides the increasing urban population and the subsequent electricity consumption patterns. The increase in robotic applications in industrial and manufacturing production lines increases the risks associated with them, which can be mitigated to some degree with the use of safety switches.

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Technavios analysts forecast the Global Safety Switches Market to grow at a CAGR of 6.28% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global filtered connector market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of safety switches globally considering different types of safety switches used; their application sectors; the average replacement period of safety switches; demand from various geographical segments and the different market growth patterns in these geographies; and the application of safety switches in different application segments like the residential, commercial, and industrial sectors.

The market is divided into the following segments based on geography:

Americas
APAC
EMEA

Technavio's report, Global Safety Switches Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

ABB
GE
Rockwell Automation
Schneider Electric
SICK

Other prominent vendors

Omron
Pepperl-Fuchs
Eaton
Schemersal
IDEM
Euchner

Market driver
Stringent standards and norms for machine safety
For a full, detailed list, view our report

Market challenge
Faulty product recalls
For a full, detailed list, view our report

Market trend
Growing preference for stainless steel safety switches
For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

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