Global Safety Drives Market 2017-2021

Published: August 2017
No. of Pages: 68
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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 global safety drives market to grow at a CAGR of 6.76% during the period 2017-2021.

Covered in this report

This 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. This 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

Other prominent vendors

  • B&R (Part of ABB group)
  • WEG
  • Kollmorgen
  • Pilz
  • CG Global
  • Technosoft
  • Ketterer
  • Shenzhen INVT Electric
  • Schneider Electric
  • Shenzhen Sikes Electric

Market driver

  • Cost-effectiveness and flexibility of safety drives
  • For a full, detailed list, view our report

Market challenge

  • Higher need for preventive maintenance for safety drives
  • For a full, detailed list, view our report

Market trend

  • Emerging need for hybrid safety drives
  • For a full, detailed list, view our 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?

Published By: Technavio
Product Code: Technavio17059

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