Global Safety Drives Market 2017-2021

  • ID: 4390834
  • Report
  • Region: Global
  • 68 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • Beckhoff
  • HOERBIGER
  • Kollmorgen
  • Rockwell Automation
  • Shenzhen INVT Electric
  • MORE
About Safety Drives

Safety drives are drives that are integrated with safety functionality like safe torque off (STO), safe speed control, safe monitoring, and self-diagnostics, reducing the need for circuit breaker or relays. This increases the overall machine performance and reduces downtime in the industrial process. End-user industries in the global safety drives market include utility, manufacturing, healthcare, oil and gas, food and beverage, and others; the others segment includes industries such as water and wastewater treatment, HVAC, mining and metal, heavy machinery, paper and pulp, and chemical.

The analysts forecast the global safety drives market to grow at a CAGR of 6.76% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global safety drives market for 2017-2021. To calculate the market size, the report considers new installations, sales value, and services market.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Safety Drives Market 2017-2021, 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.

Key vendors
  • ABB
  • Beckhoff
  • Rockwell Automation
  • Siemens
  • SIGMATEK
Other prominent vendors
  • B&R (Part of ABB group)
  • HOERBIGER
  • WEG
  • Kollmorgen
  • Pilz
  • CG Global
  • Technosoft
  • Ketterer
  • Shenzhen INVT Electric
  • Schneider Electric
  • Shenzhen Sikes Electric
Market drivers
  • Cost-effectiveness and flexibility of safety drives
  • For a full, detailed list, view the full report
Market challenges
  • Higher need for preventive maintenance for safety drives
  • For a full, detailed list, view the full report
Market trends
  • Emerging need for hybrid safety drives
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 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?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Beckhoff
  • HOERBIGER
  • Kollmorgen
  • Rockwell Automation
  • Shenzhen INVT Electric
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by end-user
  • Market overview
  • Global safety drives market in utility industry
  • Global safety drives market in manufacturing industry
  • Global safety drives market in healthcare industry
  • Global safety drives market in oil and gas industry
  • Global safety drives market in food and beverage industry
  • Global safety drives market in other industries
PART 07: Geographical segmentation
  • Market overview
  • Safety drives market in EMEA
  • Safety drives market in APAC
  • Safety drives market in Americas
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Emerging need for hybrid safety drives
  • Integration of Industrial Internet of Things in safety drives
  • Growing concern for renewable energy and regulation on energy efficiency
PART 11: Vendor landscape
  • Competition review
PART 12: Key vendor analysis
  • Competition analysis
  • ABB
  • Beckhoff
  • Rockwell Automation
  • Siemens
  • SIGMATEK
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Typical functions of safety drives
Exhibit 02: Market landscape
Exhibit 03: Global safety drives market 2016-2021 ($ millions)
Exhibit 04: Five forces analysis
Exhibit 05: Global safety drives market segmentation by end-user
Exhibit 06: Global safety drives market by end-users 2016 and 2021 (%)
Exhibit 07: Global safety drives market in utility industry 2016-2021 ($ millions)
Exhibit 08: Global safety drives market in the manufacturing industry 2016-2021 ($ millions)
Exhibit 09: Global safety drives market in healthcare industry 2016-2021 ($ millions)
Exhibit 10: Global safety drives market in oil and gas industry 2016-2021 ($ millions)
Exhibit 11: Global safety drives market in food and beverage industry 2016-2021 ($ millions)
Exhibit 12: Global safety drives market in other industries 2016-2021 ($ millions)
Exhibit 13: Global safety drives market by geography 2016 and 2021 (%)
Exhibit 14: Safety drives market in EMEA 2016-2021 ($ millions)
Exhibit 15: Safety drives market in APAC 2016-2021 ($ millions)
Exhibit 16: Safety drives market in Americas 2016-2021 ($ millions)
Exhibit 17: Prominent vendors in the global safety drives market
Exhibit 18: ABB: Business verticals
Exhibit 19: ABB: Industries served
Exhibit 20: ABB: Products
Exhibit 21: Beckhoff: Business segmentation
Exhibit 22: Beckhoff: Products
Exhibit 23: Rockwell Automation: Business segmentation
Exhibit 24: Rockwell Automation: Products
Exhibit 25: Siemens: Business Segments
Exhibit 26: Siemens AG: Products
Exhibit 27: SIGMATEK: Business segmentation
Exhibit 28: SIGMATEK: Products
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FEATURED COMPANIES

  • ABB
  • Beckhoff
  • HOERBIGER
  • Kollmorgen
  • Rockwell Automation
  • Shenzhen INVT Electric
  • MORE
New Report Released: - Global Safety Drives Market 2017-2021

The author of the report recognizes the following companies as the key players in the global safety drives market: ABB, Beckhoff, Rockwell Automation, Siemens, and SIGMATEK.

Other Prominent Vendors in the market are: B&R (Part of ABB group), HOERBIGER, WEG, Kollmorgen, Pilz, CG Global, Technosoft, Ketterer, Shenzhen INVT Electric, Schneider Electric, and Shenzhen Sikes Electric.

Commenting on the report, an analyst from the research team said: “One trend in the market is emerging need for hybrid safety drives. Hybrid safety drives advanced safety drives with diverse functionalities. The drives are designed differently; instead of using lamination, they use amorphous powder metals, which are flexible in adapting to any magnetic circuit for diverse industrial applications in process and discrete industries.”

According to the report, one driver in the market is cost-effectiveness and flexibility of safety drives. Safety drives are cost-effective as the investment is made on a single device rather than a suite of independent devices for the same function. Safety-integrated drives perform functions related to safety as well as control, whereas traditional drives additionally required two separate devices for both the functions. Also, safety-integrated drives are costlier than traditional drives. This is because traditional drives are not as efficient as safety drives and the ROI on safety drives is comparatively low.

Further, the report states that one challenge in the market is higher need for preventive maintenance for safety drives. Safety drives need timely maintenance, which increases the cost. There are a lot of installation-related safety instructions that need to be taken into consideration. The wiring of the drives needs to be done carefully as any wrong wire attachment can lead to irreparable damage. The components used in safety drives need regular inspections and require service on a yearly basis. Although this reduces systems breakdown, predictive maintenance is required so that the safety drives function appropriately.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • ABB
  • Beckhoff
  • Rockwell Automation
  • Siemens
  • SIGMATEK
  • B&R (Part of ABB group)
  • HOERBIGER
  • WEG
  • Kollmorgen
  • Pilz
  • CG Global
  • Technosoft
  • Ketterer
  • Shenzhen INVT Electric
  • Schneider Electric
  • Shenzhen Sikes Electric
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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