Safety Switch Market to reach a market size of $1.7 billion by 2023

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According to a new report Global Safety Switch Market, published by KBV research, the Global Safety Switch Market size is expected to reach $1.7 billion by 2023, rising at a market growth of 6.9% CAGR during the forecast period.

The Contact Safety Switch market holds the largest market share in Global Safety Switches Market by Product Type in 2016 and would continue to be a dominant market till 2023. The Non-Contact Safety Switch market is expected to witness a CAGR of 8.9% during (2017 - 2023).

The Europe market holds the largest market share in Global Burner Management Systems Safety Switches Market by Region in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 5 % during the forecast period. The North America market is expected to witness a CAGR of 6.1% during (2017 - 2023) in Global Emergency Shutdown Systems Safety Switches Market. Additionally, The Asia Pacific market is expected to witness a CAGR of 8.4% during (2017 - 2023) in Global High Integrity Pressure Protection Systems Safety Switches Market.

The Oil & Gas market holds the largest market share in Global Safety Switches Market by Vertical in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 5.1 % during the forecast period. The Chemical market is expected to witness a CAGR of 7.3% during (2017 - 2023). Additionally, The Packaging market would garner market size of $136.3 million by 2023.

Full report: https://www.kbvresearch.com/safety-switch-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Safety Switch Market have been discussed in the report with the elaborated company profiles of 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.

Global Safety Switch Market Size Segmentation

By Product Type

  • Contact Safety Switch
    • Hinge Switches
    • Locking Switches
    • Other Contact Safety Switches
  • Non-Contact Safety Switch
    • Inductive Switches
    • Magnetic and Other Non-Contact Switches

By Safety System

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

By Vertical

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

By Geography

  • North America Safety Switch Market Size
    • US Safety Switch Market Size
    • Canada Safety Switch Market Size
    • Mexico Safety Switch Market Size
    • Rest of Global Safety Switch Market Size
  • Europe Safety Switch Market
    • Germany Safety Switch Market
    • UK Safety Switch Market
    • France Safety Switch Market
    • Russia Safety Switch Market
    • Spain Safety Switch Market
    • Italy Safety Switch Market
    • Rest of Europe Safety Switch Market
  • Asia Pacific Safety Switch Market
    • China Safety Switch Market
    • Japan Safety Switch Market
    • India Safety Switch Market
    • South Korea Safety Switch Market
    • Singapore Safety Switch Market
    • Malaysia Safety Switch Market
    • Rest of Asia Pacific Safety Switch Market
  • LAMEA Safety Switch Market
    • Brazil Safety Switch Market
    • Argentina Safety Switch Market
    • UAE Safety Switch Market
    • Saudi Arabia Safety Switch Market
    • South Africa Safety Switch Market
    • Nigeria Safety Switch Market
    • Rest of LAMEA Safety Switch Market

Companies Profiled

  • ABB Group
  • General Electric (GE)
  • Rockwell Automation
  • Schneider Electric SE
  • Siemens AG
  • Eaton Corporation Plc.
  • Honeywell International, Inc.
  • Omron Corporation
  • Emerson Electric Co.
  • SICK AG

Unique Offerings from KBV Research

  • Exhaustive coverage of Global Safety Switch Market Size
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Safety Switch Market (2017-2023)

Europe Safety Switch Market (2017-2023)

Asia Pacific Safety Switch Market (2017-2023)

LAMEA Safety Switch Market (2017-2023)

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