Global Industrial Safety Relays and Timers Market 2017-2021

Published: November 2017
No. of Pages: 79
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Safety Relays are electromechanical switching devices that implement safety functions. When a hazard occurs, a safety relay reduces the risk to an acceptable level by initiating a safe and reliable response. Safety relays also monitor a safety system and either allows the machine to start or stop based on a command. Each safety relay is used for monitoring a specific safety function. In addition, by connecting them to other safety relays, total monitoring of a machine or plant can be achieved. A safety timer is either used to produce precise time delay or can be used to repeat an action after a certain period. Safety timers are processors that not only generate time delays but are also used as counters where these are used to count an action or event.

The analysts forecast global industrial safety relays and timers market to grow at a CAGR of 4.23% during the period 2017-2021.

Covered in this report

This report covers the present scenario and the growth prospects of the global industrial safety relays and timers market for 2017-2021. To calculate the market size, the report considers the retail selling price is considered as the average selling price of the product..

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

This report, Global Industrial Safety Relays and Timers 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
  • Rockwell Automation
  • Schneider Electric
  • Siemens

Other prominent vendors

  • Euchner-USA
  • Panasonic Electric Works
  • Pilz
  • Yokogawa Electric Corporation

Market driver

  • Increasing use of smart and programmable timers
  • For a full, detailed list, view our report

Market challenge

  • Increase in use of safety PLCs over safety relays
  • For a full, detailed list, view our report

Market trend

  • Increasing use of multi-function safety relays instead of single-function relays
  • 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: Technavio17975

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