Global Safety Relays Market to Reach $1.1 Billion by 2030
The global market for Safety Relays estimated at US$575.6 Million in the year 2022, is projected to reach a revised size of US$1.1 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2022-2030.The U.S. Market is Estimated at $156.8 Million, While China is Forecast to Grow at 12.8% CAGR
The Safety Relays market in the U.S. is estimated at US$156.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$253.4 Million by the year 2030 trailing a CAGR of 12.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 6.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.Select Competitors (Total 34 Featured) -
- ABB Group
- Allis Electric
- Eaton Corporation
- Larsen & Toubro Limited
- Mitsubishi Electric
- Pima Controls
- Rockwell Automation
- Schneider Electric
- Siemens AG
- Togami Electric
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
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Group
- Allis Electric
- Eaton Corporation
- Larsen & Toubro Limited
- Mitsubishi Electric
- Pima Controls
- Rockwell Automation
- Schneider Electric
- Siemens AG
- Togami Electric
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 89 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 575.6 Million |
Forecasted Market Value ( USD | $ 1100 Million |
Compound Annual Growth Rate | 8.4% |
Regions Covered | Global |