North America Safety Switch Market By Product (Contact Safety Switches - Hinge Switches, Locking Switches; Non Contact - Inductive Switches, Magnetic), Safety System (Burner Management Systems, Emergency Shutdown Systems, Fire & Gas Monitoring Systems, High Integrity Pressure Protection Systems), Vertical (Oil & Gas, Energy & Power, Metal & Mining, Chemical, Food & Beverages, Packaging, Pharmaceutical, Water & Wastewater Treatment)
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The North America Safety Switch Market would witness market growth of 6.3% CAGR during the forecast period (2017-2023). Key industrial segments such as metal & mining, utility, oil & gas, consumer electronics, medical, food & beverage, chemical, and other discrete industries are the end users of safety switches. Oil & gas drilling and servicing activities are conducted in hazardous environments; therefore, the installation of safety systems becomes vital in such sites. Growing automation within the food & beverage industry also contributes to the growth of safety switch market. High investment required for automation implementation and significant cost associated with the maintenance of equipment in hazardous environments are the factors that would limit the market expansion.
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 US, Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the North America 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.