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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
Frequently Asked Questions about the Global Market for Safety Switches

What is the estimated value of the Global Market for Safety Switches?

The Global Market for Safety Switches was estimated to be valued at $1.2 Billion in 2020.

What is the growth rate of the Global Market for Safety Switches?

The growth rate of the Global Market for Safety Switches is 3.2%, with an estimated value of $1.5 Billion by 2027.

What is the forecasted size of the Global Market for Safety Switches?

The Global Market for Safety Switches is estimated to be worth $1.5 Billion by 2027.
Note: Product cover images may vary from those shown

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. 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