Allied Market Research

Safety Drives Market Will Expand in the Coming Years: Demand and Forecast by 2023


Portland, OR -- (SBWIRE) -- 10/10/2017 -- Safety drives facilitate in reducing the downtime of machines and subsequently enhance the productivity. Further, the application of hybrid safety drive in low, medium, and high voltages equipment have numerous applications in various end-user industries.

The rise in industrial safety standards and demand for safety equipment flexible functionality are expected to drive the growth of the Safety Drives Market in the coming years. Moreover, the cost-effectiveness is also anticipated to fuel the adoption of the market in the coming years. However, stringent regulations associated with energy efficiency is expected to hinder the market growth during the forecast period.

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Safety Drives Market Report Key Benefits:

-The study provides an in-depth analysis of the global safety drives market and current & future trends to elucidate the imminent investment pockets.

-Information about key drivers restrains, and opportunities are provided.

-Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.

-The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.

Safety Drives Market Key Segments:

By Type

-AC Motors
-DC Motors

By End-User Industry

-Power Generation
-Food & Beverage

By Region

-North America

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Key Market Players Profiled In The Report:

-Rockwell Automation
-SIGMATEK Safety Systems
-ABB Limited
-CG Global