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Safety Switches - Global Market Trajectory & Analytics

  • ID: 4806057
  • Report
  • April 2021
  • Region: Global
  • 384 pages
  • Global Industry Analysts, Inc
Global Safety Switches Market to Reach $1.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Safety Switches estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 3% over the period 2020-2027. Contact Switch, one of the segments analyzed in the report, is projected to record 2.9% CAGR and reach US$992.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Contact Switch segment is readjusted to a revised 3.3% CAGR for the next 7-year period.



The U.S. Market is Estimated at $337.2 Million, While China is Forecast to Grow at 5.6% CAGR

The Safety Switches market in the U.S. is estimated at US$337.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$313.8 Million by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% 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
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown
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