Knowledge Sourcing Intelligence announces the publication of a new analysis report based on the “Safety Switches Market - which is forecasted from 2020 to 2027”.
The prime factor driving the growth of the Safety Switches market is the capability of these safety switches to find a potential application in service entrances for protecting against susceptible faults.
As per the report, the market for Safety Switches Market is expected to grow at a steady pace.
The growing concerns regarding the safety and security of the industry personnel across various verticals have been providing acceleration to the growth of the market in the analysed period. As a result, there has been a growing presence of stringent rules and regulations pertaining to the safety of equipment and personnel, which is projected to provide substantial growth to the safety switches market.
Based on type, the Safety Switches Market offers fusible safety switches and non-fusible safety switches. The fusible switches are known to provide higher protection against overcurrent than the non-fusible ones.
Based on installation type, the Safety Switches market provides switchboard safety switches, powerpoint safety switches and portable safety switches. The increasing installation of these switches across various industry verticals is expected to propel market growth.
Based on product type, the Safety Switches market offers electromechanical safety switches, non-contact safety interlock switches, safety locking devices, safety command devices and others. Non-contact safety interlock switches are expected to show substantial growth due to their extensive use across industries, owing to their compactness.
Based on application, the Safety Switches market is segmented into light-duty applications and heavy-duty applications. Heavy-duty safety switches are expected to hold a substantial share due to their usage across industrial and commercial applications.
Based on the end-user, the Safety Switches market caters to industrial, commercial and residential. The industrial segment is expected to show considerable growth due to the rising adoption of safety switches in industrial automation.
Based on geography segmentation, the Safety Switches market is segmented into North America, Europe, South America, the Middle East and Africa, and Asia Pacific regions. Geographically, the Asia Pacific region is likely to account for a sizable market share and to experience quick expansion due to the increasing usage of complex machinery in the region and also, having a huge consumer base.
As a part of the report, the major players operating in the Safety Switches market have been covered. The key players in the Safety Switches Market include OMRON Corporation, ABB, Schneider Electric, SICK AG, Panasonic Corporation, Honeywell International Inc., Rockwell Automation, Inc., IDEC Corporation, Siemens, Leuze electronic GmbH.
This analytics report segments the Safety Switches Market on the following basis: