Europe Safety Switch Market

Europe Safety Switch Market Size, Share & Industry Trends Analysis Report By Product Type (Contact Switch and Non-Contact Switch), By Safety System, By Vertical, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-19348 Publication Date: December-2023 Number of Pages: 227
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Market Report Description

The Europe Safety Switch Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 2,235.7 thousand units, showcasing a growth of 5.8% (2019-2022).

One of the primary uses of these switches is to facilitate emergency shutdowns in industrial processes. In a malfunction, hazardous condition, or unforeseen circumstance, these switches provide a quick and efficient means to disconnect power, bringing the entire system or machinery to a safe and controlled stop. These switches are widely employed for access control and interlocking mechanisms. They help control access to hazardous areas by ensuring specific safety measures are taken before granting entry.

These switches are integrated into machinery and equipment in manufacturing and industrial settings to enhance overall safety. They are designed to detect abnormal conditions, such as mechanical failures or operator errors, and initiate a shutdown to prevent accidents, injuries, and damage to the equipment. Conveyor systems, commonly used in industries like manufacturing and logistics, benefit from these switches to ensure safe operation. These switches can be integrated into conveyor systems to monitor belt alignment, detect jams, and provide emergency stop functionality in case of irregularities, preventing accidents and equipment damage.

Industrial automation and Industry 4.0 principles are becoming more popular in France. These switches are integral to automated systems, providing emergency stop functions and ensuring safe interactions between humans and machines in France. France is known for its manufacturing excellence; these switches are crucial components in manufacturing environments. They contribute to worker safety, protect machinery, and enable controlled shutdowns in emergencies. With the expansion of the construction industry in France, these switches assume an increasingly critical function in safeguarding construction sites. France has a significant automotive industry, and these switches are essential in ensuring the safety of workers and the reliable operation of automated systems in automotive manufacturing plants. The factors mentioned above will drive the regional market growth.

The Germany market dominated the Europe Safety Switch Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $162.7 million by 2030. The UK market is exhibiting a CAGR of 4.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.7% during (2023 - 2030).

Based on Product Type, the market is segmented into Contact Switch (Hinge Switches, Locking Switches, and Other Switches), and Non-Contact Switch (Inductive Switches, Magnetic Switches, and Others). Based on Safety System, the market is segmented into Burner Management Systems, Emergency Shutdown Systems, Fire & Gas Monitoring Systems, High Integrity Pressure Protection Systems, and Others. Based on Vertical, the market is segmented into Oil & Gas, Metal & Mining, Food & Beverages, Energy & Power, Packaging, Pharmaceutical, Chemical, Water & Wastewater Treatment, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Safety Switch Market will Hit $2.6 Billion by 2030, at a CAGR of 6.3%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, General Electric Company, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Eaton Corporation PLC, Honeywell International, Inc., Omron Corporation, Emerson Electric Co. and Sick AG

Scope of the Study

Market Segments Covered in the Report:

By Product Type (Volume, Thousand Units, USD Billion, 2019-2030)

  • Contact Switch
    • Hinge Switches
    • Locking Switches
    • Other Switches
  • Non-Contact Switch
    • Inductive Switches
    • Magnetic Switches
    • Others

By Safety System (Volume, Thousand Units, USD Billion, 2019-2030)

  • Burner Management Systems
  • Emergency Shutdown Systems
  • Fire & Gas Monitoring Systems
  • High Integrity Pressure Protection Systems
  • Others

By Vertical (Volume, Thousand Units, USD Billion, 2019-2030)

  • Oil & Gas
  • Metal & Mining
  • Food & Beverages
  • Energy & Power
  • Packaging
  • Pharmaceutical
  • Chemical
  • Water & Wastewater Treatment
  • Others

By Country (Volume, Thousand Units, USD Billion, 2019-2030)

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • ABB Group
  • General Electric Company
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG
  • Eaton Corporation PLC
  • Honeywell International, Inc.
  • Omron Corporation
  • Emerson Electric Co.
  • Sick AG
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