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The Europe Safety Switch Market would witness market growth of 6% CAGR during the forecast period (2017 - 2023). The safety switch market for fire & gas monitoring systems would grow at the highest CAGR during the forecast period. Growing deployment of fire & gas monitoring solutions at hazardous locations would contribute to the market expansion.
These solutions are adopted majorly to avoid fire casualties and prevent gas leakages or explosions. The growth of process industries such as oil & gas, pharmaceutical, chemical, food & beverage, and energy & power, has led to an increased need for safety and security of equipment and workforce. Based on Product Type, the Safety Switch market segments the market into Contact Safety Switch and Non-Contact Safety Switch.
Contact Safety Switch includes Hinge Switches, Locking Switches, and Other Contact Safety Switches. Non-Contact Safety Switch is further segmented into Inductive Switches and Magnetic and Other Non-Contact Switches. Based on Safety System, the market report segments the market into Burner Management Systems, Emergency Shutdown Systems, Fire & Gas Monitoring Systems, High Integrity Pressure Protection Systems, and Others.
Based on Vertical, the Safety Switch market segments the market into Oil & Gas, Energy & Power, Metal & Mining, Chemical, Food & Beverages, Packaging, Pharmaceutical, Water & Wastewater Treatment, and Others. Based on Countries, the Safety Switch market segments the market into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the Europe Safety Switch Market. Key companies profiled in the report include ABB Group, General Electric (GE), Rockwell Automation, Schneider Electric SE, Siemens AG, Eaton Corporation Plc., Honeywell International, Inc., Omron Corporation, Emerson Electric Co., and SICK AG.