Market Overview:
The global safety disconnect 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 demand for safety disconnect switches in industrial and commercial applications. In addition, the growing awareness about safety among consumers is also contributing to the growth of this market. The global safety disconnect switches market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into stainless steel, plastic, and others. The plastic segment is expected to grow at a higher CAGR than other segments during the forecast period owing to its low cost and lightweight nature as compared with other types of materials used for manufacturing these switches. On the basis of application, industrial applications are expected to account for a major share of this market duringthe forecast period owingto their high demand from end-use industries such as automotive and aerospace & defense sectors .
Product Definition:
A safety disconnect switch is a type of electrical switch that is used to quickly and safely disconnect power from a circuit. This type of switch is commonly used in industrial applications, where it can be quickly activated in the event of an emergency. The importance of safety disconnect switches lies in their ability to safely remove power from a circuit, preventing injuries or damage.
Stainless Steel:
Stainless steel is a durable, strong and corrosion-resistant metal. It has excellent resistance to oxidation and can be easily cleaned. The material is widely used in various industries including medical, kitchen appliances, building & construction materials and automotive among others owing to its properties such as lightweight, recyclability & cost effectiveness among others.
Plastic:
Plastic is a widely used material in the manufacturing of safety disconnect switches. It is an insulating material that can be molded into various shapes and sizes.
Application Insights:
The others application segment includes healthcare, food and beverage, chemical, oil and gas, marine environment and defense. The commercial application segment dominated the global safety disconnect switches market in 2017 owing to the growing demand for high-quality construction materials in various industries including aerospace. Aerospace components are subject to extreme environmental conditions such as heat & cold along with vibrations & shock which may lead to failure of a component if proper care is not taken while manufacturing these components. Safety devices installed in aircraft ensure continuity of operations during maintenance activities by preventing accidental opening of a valve or pressure loss resulting from leakage or improper closure of valves during assembly or maintenance work on an aircraft.
Industrial applications include heavy machinery used for construction as well as mining activities where protection against electrical hazards is crucial since lives may be at stake depending upon the machine operation.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing industrial accidents, which have resulted in stringent government regulations for safety equipment. This is likely to drive demand for safety disconnect switches across various industries including oil & gas, mining, construction, and manufacturing among others.
Europe accounted for a significant share of revenue in 2017 owing to growing adoption across several industries including manufacturing, transportation & logistics (T&L), energy & power sector among others. Increasing number of stringent government regulations pertaining to workplace fatalities are anticipated to further propel demand over the forecast period.
Growth Factors:
- Increasing demand for safety disconnect switches in the industrial sector as a result of growing awareness about safety and security.
- Rapid growth in the construction industry, which is expected to drive demand for safety disconnect switches in the coming years.
- Rising demand from emerging economies such as China and India due to their burgeoning industrial sectors.
- Growing popularity of smart grids, which is likely to boost demand for safety disconnect switches over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Safety Disconnect Switches Market Research Report
By Type
Stainless Steel, Plastic, Others
By Application
Industrial, Commercial, Others
By Companies
Rockwell Automation, Schneider Electric, Eston, PSI Control Solutions, Leviton Manufacturing Co, ABB, MENNEKES ELECTRICAL PRODUCTS, Hubbell Incorporated, TE Connectivity
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Safety Disconnect Switches Market Report Segments:
The global Safety Disconnect Switches market is segmented on the basis of:
Types
Stainless Steel, Plastic, Others
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
Industrial, Commercial, Others
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:
- Rockwell Automation
- Schneider Electric
- Eston
- PSI Control Solutions
- Leviton Manufacturing Co
- ABB
- MENNEKES ELECTRICAL PRODUCTS
- Hubbell Incorporated
- TE Connectivity
Highlights of The Safety Disconnect 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:
- Stainless Steel
- Plastic
- Others
- By Application:
- Industrial
- Commercial
- Others
- 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 Safety Disconnect 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?
Safety disconnect switches are devices that allow workers to safely disconnect equipment from power sources in the event of an emergency.
Some of the key players operating in the safety disconnect switches market are Rockwell Automation, Schneider Electric, Eston, PSI Control Solutions, Leviton Manufacturing Co, ABB, MENNEKES ELECTRICAL PRODUCTS, Hubbell Incorporated, TE Connectivity.
The safety disconnect switches market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Safety Disconnect Switches Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Safety Disconnect Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Safety Disconnect Switches Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Safety Disconnect Switches Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Safety Disconnect Switches Market Size & Forecast, 2020-2028
4.5.1 Safety Disconnect Switches Market Size and Y-o-Y Growth
4.5.2 Safety Disconnect Switches Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Plastic
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Safety Disconnect Switches Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Safety Disconnect Switches Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Plastic
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Plastic
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Plastic
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Plastic
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Plastic
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Safety Disconnect Switches Market: Competitive Dashboard
14.2 Global Safety Disconnect Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rockwell Automation
14.3.2 Schneider Electric
14.3.3 Eston
14.3.4 PSI Control Solutions
14.3.5 Leviton Manufacturing Co
14.3.6 ABB
14.3.7 MENNEKES ELECTRICAL PRODUCTS
14.3.8 Hubbell Incorporated
14.3.9 TE Connectivity
