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The Latin America, Middle East and Africa Safety Switch Market would witness market growth of 8.5% CAGR during the forecast period (2017- 2023). Environmental hazards such as oil spills, natural gas leaks, and discharge of toxic gases have driven the need for safety equipment. Therefore, various safety systems such as emergency shutdown systems, fire & gas monitoring systems, high integrity pressure protection systems, and burner management systems are being widely deployed in the oil & gas industry. The deployment has added to the growth of safety solutions such as safety sensors, safety switches, actuators, safety valves, and safety relays oil and gas sector.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the Latin America, Middle East and Africa 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.