About Safety Controllers
The safety controllers are used to monitor simple to complex safety functions for all kinds of industrial applications to protect the workers or personnel as well as equipment and machines used there. They are user-friendly and provide easy integration of all safety control components, controllers provide straightforward, flexible and scalable solutions. The global safety controller market is increasing due to the rising accidents in industries and growing awareness about industrial safety.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Schneider Electric (France), ABB (Switzerland), Phoenix Contact (Germany), Omron Corporation (Japan), Pilz GmbH & Co. KG (Germany), Siemens AG (Germany), Sick AG (Germany), Rockwell Automation (Allen Bradley) (United States), General Electric Automation (United States), Banner Engineering Corp. (United States), Treotham Automation Pty Ltd. (Australia) and B&R Industrial Automation GmbH (Austria) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Keyence Corporation (United States) and Koyo Electronics Industries Co., Ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Safety Controllers market by Type (Compact and Modular) and Region.
On the basis of geography, the market of Safety Controllers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Hardware will boost the Safety Controllers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Automotive will boost the Safety Controllers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Safety Controllers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Current Rating, the sub-segment i.e. 10 mA will boost the Safety Controllers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surging Demand for safety Controllers in the Oil and Gas Industry and Adoption of Automation in Safety Controllers
Market Growth Drivers:
Growing Number of Accidents in Industrial Operations, Increasing Demand for Safe Industrial Equipments and Industrial Safety Standards
Challenges:
Safety controllers can be complex systems that are difficult to design, program, and maintain.
Restraints:
High Cost Associated with Safety Controllers and Intense Competition in Market Due to the Entry of New Players
Opportunities:
Rising Investment in Oil and Gas Industries and Awareness about Industrial Safety
Market Leaders and their expansionary development strategies
In August 2023, ScaleCo Capital, Safety Controls Technology (“SCT”), a ScaleCo Fund IV Company, has acquired Global Safety Group, Inc. (“Global Safety”). Global Safety Group has been renowned for its exceptional consulting services, delivering strategic planning and innovative solutions to clients with a focus on efficiency and results.
April, 2023, OMRON laucnhed that NX-series NX502 automation controllers with advanced information control and safety control, simultaneously with the new NX-EIP201 EtherNet/IPTM units.
"A safety Programmable Logic Controller (PLC) brings additional safety features to the standard functionalities of a PLC in order to meet Safety Integrity Level (SIL) requirements as described in the IEC 61508 standard. PLCs are usually housed in yellow boxes and are implemented in equipment where a higher level of safety is required, for instance in machinery used by operators. and To help meet the requirements defined in the IEC 61131 standard, ST offers a wide range of devices including high-performance STM32 microcontrollers, transceivers for Fieldbus and IO-Link connectivity as well as fully protected Current-Limited Termination (CLT) ICs, Intelligent Power Switches (IPS) and protection devices, many of which are part of the 10-year longevity commitment program."
Key Target Audience
Safety Controllers Manufacturers, Safety Controllers International Traders, Safety Controllers Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Potential Investors, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.