Market Overview:
The global electrical safety switches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about electrical safety and the growing demand for electrical safety switches in residential and commercial applications. The global electrical safety switches market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into switchboard safety switches, power point safety switches, and portable safety switches. Switchboard safeties are used as a primary means of protection against electric shock in large industrial or commercial installations such as factories, hospitals, schools etc., whereas power point safeties are used as an additional level of protection for domestic appliances such as washing machines and dishwashers etc., Portable safeties are small devices that can be carried around by personnel working on live equipment to provide them with personal protection from electric shock.Onthebasisofregion,.
Product Definition:
An electrical safety switch is a device that is used to automatically disconnect the power supply to an electrical appliance in the event of an emergency. This can help prevent injuries or fires.
Switchboard Safety Switches:
The global switchboard safety switches market size was valued at USD 1.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing emphasis on electrical safety across industries, coupled with the increasing awareness about employee health and safety, is anticipated to drive demand for these devices over the forecast period.
Power Point Safety Switches:
Power point safety switches are a group of electrical devices that protect the user from electric shocks by breaking the circuit. They are mainly used in residential and commercial buildings for protection against electrocution hazards. The product is available in different forms such as plates, GFCI outlets, plug-in modules, and breakers with various functions to meet consumer requirements.
Application Insights:
The commercial segment held the largest share of over 70.0% in 2017. The growth can be attributed to the growing construction and renovation activities across regions, especially in developing countries like India and China. In addition, a large number of commercial spaces including offices have been constructed over the past few years which has led to an increased demand for safety switches worldwide.
The residential application segment is expected to register a CAGR of XX% from 2018 to 2030 owing to increasing consumer spending on home improvement activities across regions, especially Asia Pacific and Middle East & Africa where electrician labor rates are expensive compared with North America.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to growing awareness about electrical safety and presence of strict regulations regarding it. Europe is also estimated to witness significant growth over the coming years due to increasing number of fatal accidents caused by tripping hazards, power surge, fire, and electrocution.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rapid industrialization and rising disposable income especially in developing countries such as China & India which are major consumers of imports from developed nations such as U.S., Germany, Japan etc.
Growth Factors:
- Increasing demand for electrical safety switches in end-use industries such as automotive, construction, and manufacturing to prevent accidents and injuries.
- Growing awareness about the benefits of using electrical safety switches among consumers and businesses.
- Technological advancements in the design of electrical safety switches that offer enhanced performance and features.
- Rising demand for smart or intelligent electrical safety switches that can be integrated with building automation systems for better control over operations.
- Stringent government regulations mandating the use of electrical safety switches in certain applications to ensure public safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Safety Switches Market Research Report
By Type
Switchboard Safety Switches, Power Point Safety Switches, Portable Safety Switches
By Application
Residential, Commercial
By Companies
Sick, ABB, Siemens, Omron, Honeywell, Turck, Balluff, Allen Bradley, Pilz, Banner, Schmersal, Telemecanique, Euchner, Datalogic, K. A. Schmersal, Baumer, Delphi, Eaton, Bernstein
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Safety Switches Market Report Segments:
The global Electrical Safety Switches market is segmented on the basis of:
Types
Switchboard Safety Switches, Power Point Safety Switches, Portable Safety Switches
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sick
- ABB
- Siemens
- Omron
- Honeywell
- Turck
- Balluff
- Allen Bradley
- Pilz
- Banner
- Schmersal
- Telemecanique
- Euchner
- Datalogic
- K. A. Schmersal
- Baumer
- Delphi
- Eaton
- Bernstein
Highlights of The Electrical Safety Switches Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Switchboard Safety Switches
- Power Point Safety Switches
- Portable Safety Switches
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Safety Switches Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrical safety switches are devices that protect people from electric shock. They are typically found in places where there is a potential for contact with electricity, such as near power outlets and light switches.
Some of the major players in the electrical safety switches market are Sick, ABB, Siemens, Omron, Honeywell, Turck, Balluff, Allen Bradley, Pilz, Banner, Schmersal, Telemecanique, Euchner, Datalogic, K. A. Schmersal, Baumer, Delphi, Eaton, Bernstein.
The electrical safety switches market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrical Safety Switches Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electrical Safety Switches Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrical Safety Switches Market - Supply Chain
4.5. Global Electrical Safety Switches Market Forecast
4.5.1. Electrical Safety Switches Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrical Safety Switches Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrical Safety Switches Market Absolute $ Opportunity
5. Global Electrical Safety Switches Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrical Safety Switches Market Size and Volume Forecast by Type
5.3.1. Switchboard Safety Switches
5.3.2. Power Point Safety Switches
5.3.3. Portable Safety Switches
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrical Safety Switches Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrical Safety Switches Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrical Safety Switches Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrical Safety Switches Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrical Safety Switches Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrical Safety Switches Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrical Safety Switches Demand Share Forecast, 2019-2026
9. North America Electrical Safety Switches Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electrical Safety Switches Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrical Safety Switches Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrical Safety Switches Market Size and Volume Forecast by Type
9.7.1. Switchboard Safety Switches
9.7.2. Power Point Safety Switches
9.7.3. Portable Safety Switches
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrical Safety Switches Demand Share Forecast, 2019-2026
10. Latin America Electrical Safety Switches Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electrical Safety Switches Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrical Safety Switches Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrical Safety Switches Market Size and Volume Forecast by Type
10.7.1. Switchboard Safety Switches
10.7.2. Power Point Safety Switches
10.7.3. Portable Safety Switches
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrical Safety Switches Demand Share Forecast, 2019-2026
11. Europe Electrical Safety Switches Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrical Safety Switches Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrical Safety Switches Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrical Safety Switches Market Size and Volume Forecast by Type
11.7.1. Switchboard Safety Switches
11.7.2. Power Point Safety Switches
11.7.3. Portable Safety Switches
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrical Safety Switches Demand Share, 2019-2026
12. Asia Pacific Electrical Safety Switches Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrical Safety Switches Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrical Safety Switches Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrical Safety Switches Market Size and Volume Forecast by Type
12.7.1. Switchboard Safety Switches
12.7.2. Power Point Safety Switches
12.7.3. Portable Safety Switches
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrical Safety Switches Demand Share, 2019-2026
13. Middle East & Africa Electrical Safety Switches Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrical Safety Switches Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrical Safety Switches Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrical Safety Switches Market Size and Volume Forecast by Type
13.7.1. Switchboard Safety Switches
13.7.2. Power Point Safety Switches
13.7.3. Portable Safety Switches
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrical Safety Switches Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrical Safety Switches Market: Market Share Analysis
14.2. Electrical Safety Switches Distributors and Customers
14.3. Electrical Safety Switches Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sick
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Omron
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Honeywell
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Turck
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Balluff
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Allen Bradley
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pilz
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Banner
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Schmersal
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Telemecanique
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Euchner
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Datalogic
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. K. A. Schmersal
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Baumer
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Delphi
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Eaton
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Bernstein
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
