North America Safety Switches Market - By Types , Industry, Gepgraphy, Trends, Forecast - 2017 - 2022

  • ID: 4388180
  • Report
  • Region: America, North America, United States
  • 108 pages
  • Mordor Intelligence
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The North American safety switches market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of 3.82% during the forecast period of 2017 - 2022

The strength of the North American market lies in the in-depth experience of their engineering solutions. Unlike other geographic regions where the plant manager is responsible for any uncertain incidents in the factory, North American industries hold the company responsible for employee safety. In North America, UL and Canadian Standard Association (CSA) introduced regulations for safety switches such as compliance with End of Life Provision and Miswire Prevention Feature.

Safety switches are technically referred to as Residual Current Switches (RCD). The word safety switch has been adopted by Australia and Queensland, and widely used in the North America region. Safety is the first and foremost task undertaken by a plant manager in a factory and includes precautions in a manufacturing plant avoid disastrous situations. Any uncertain occurring can lead to loss of productivity.

North America Safety Switches Market-Market Dynamics

Industrial equipment safety has been going through a major transformation in the past couple of years and with several governments and agencies pushing for stricter regulations regarding the workplace safety, the safety switches market will experience growth over the next five years. The safety switches being manufactured today fit all the required industrial safety standards. They are reliable, stable, and can be used at different hazardous locations. Given the unavoidable hazardous areas in core industrial sectors, the need for adopting safe methods or using safe equipment has become a top priority for enterprises operating in these sectors.

Drivers

Some of the factors driving the market include:

Flexibility in usage in varied applications

High market demand for safe equipment

Miniaturization of devices

Industrial safety standards

Restraints

The complexity of standards, lack of product awareness, and associated high product costs are the key challenges of the market.

The North America safety switches market is broadly segmented on the basis of types, end-users, and territories. On the basis of types, the market has been segmented into safety limit switches, emergency stop switches, and safety interlock switches. On the basis of its end-users, its applications could be explained under segments such as automobile, energy & power, chemical, pharmaceutical, oil & gas, food & beverages, semiconductors, and others.

Major Companies in the Sector Include:

This Report Offers:

Market definition for safety switches along with identification of key drivers and restraints for the market

Market analysis of the North America safety switches market, with region-specific assessments

Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale

Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share

Identification and analysis of the macro and micro factors that affect the North America safety switches market on both the global and regional scale

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
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Note: Product cover images may vary from those shown
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1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Overview
4.1 Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat from New Entrants
4.3.4 Threat from Substitute Products
4.3.5 Competitive Rivalry within the Industry
4.4 Industry Policies
5. MARKET DYNAMICS
5.1 Introduction
5.2 Drivers
5.2.1 Flexible for Use in Various Applications
5.2.2 High Market Demand for Intrinsically Safe Equipment
5.2.3 Miniaturization of Devices
5.2.4 Industrial Safety Standards
5.3 Restraints
5.3.1 Complexity of Standards
5.3.2 Lack of Product Awareness
5.3.3 Associated Product Costs
5.4 Opportunities
5.4.1 Sophisticated Technology Forms
6. Technology Snapshot
7. North America Safety Switches Market Products Market Segmentation, Forecasts, and Trends
7.1 North America Safety Switches Market - Segmented By Types
7.1.1 Safety Limit Switches
7.1.2 Emergency Stop Switches
7.1.3 Safety Interlock Switches
7.2 North America Market - Segmented By End-Users
7.2.1 Automobile
7.2.2 Energy & Power
7.2.3 Chemical
7.2.4 Pharmaceutical
7.2.5 Oil & Gas
7.2.6 Food & Beverages
7.2.7 Semiconductors
7.2.8 Others
7.3 North America Market - Segmented By Territory
7.3.1 U.S.
7.3.2 Canada
8. North America Vendor Market Share Analysis
9. Competitive Intelligence - Company Profiles
9.1 Rockwell Automation
9.2 Idem
9.3 Euchner
9.4 Scientific Technologies Inc.
9.5 Banner Engineering
9.6 SICK
9.7 Eaton
9.8 Schneider Electric
9.9 Pilz
9.10 OMRON Industrial Automation
10. Investment Analysis
10.1 Investment Scenario and Opportunities
11. Future of North America Safety Switches Market
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