Safety Switches - Global Strategic Business Report

Global Safety Switches Market to Reach $2 Billion by 2030

The global market for Safety Switches estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$2 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2022-2030. Contact Switches, one of the segments analyzed in the report, is projected to record 4.1% CAGR and reach US$1.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-Contact Switches segment is readjusted to a revised 4.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $386.5 Million, While China is Forecast to Grow at 6.9% CAGR

The Safety Switches market in the U.S. is estimated at US$386.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$419.4 Million by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Select Competitors (Total 42 Featured) -

• ABB Ltd.
• Banner Engineering Corp.
• Bernstein AG
• Eaton Corporation plc
• Emerson Electric Co.
• EUCHNER GmbH + Co. KG
• Euchner-USA, Inc.
• Fortress Interlocks Limited
• Honeywell Sensing and Internet of Things
• IDEC Corporation
• K. A. Schmersal Holding GmbH & Co., KG
• Murrelektronik GmbH
• OMRON Corporation - Industrial Automation Division
• Parmley Graham Ltd.
• Pepperl+Fuchs AG
• Pilz GmbH & Co. KG
• R. Stahl AG
• Rockwell Automation Inc.
• Schneider Electric SE
• SICK AG
• Siemens AG

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year