Market Overview:
The global safety relay and timers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for safety relay and timers in various applications such as automotive, energy & power, manufacturing, building security, and others. Moreover, the growing awareness about the benefits of using safety relay and timers is also propelling the growth of this market. Based on type, the global safety relay and timers market can be segmented into electromagnetic relays, thermal reed relays, solid state relays. Electromagnetic relays are expected to hold a major share of this market during the forecast period owing to their high reliability and durability. Based on application, this market can be segmented into automotive industry; energy & power industry; manufacturing industry; building security industry; other industries such as medical equipment manufacturers etc.; aerospace & defense sector etc.
Product Definition:
A safety relay is a device that monitors the state of a process and, if it detects an unsafe condition, it will take action to stop the process. The most common type of safety relay is called a “two-hand” safety relay. This type of safety relay uses two sensors to monitor the process. If one of the sensors detects an unsafe condition, it will activate the output and stop the process.
Timers are used in many industrial processes to control when something happens or how long something lasts.
Electromagnetic Relay:
Electromagnetic relay is a device that utilizes electromagnetic principle for switching operation. Electromagnetic relays are used in various applications such as safety relays and timers. The global electromagnetic relay market size was valued at USD 2,867.1 million in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2025.
Thermal Reed Relay:
Thermal reed relay is a switching device that utilizes thermal energy to perform an action. It is classified as positive temperature switch and negative temperature switch. These devices are widely used in safety relays, timers, and other applications where high power needs to be delivered for a short duration. The two types of these devices include single-phase type and three-phase type.
Application Insights:
The automotive segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growing demand for electric and hybrid vehicles is expected to drive the demand for safety relays and timers. Hybrid cars have a lot of electronic components, which need proper protection against short circuits, open circuits, over-heating or any other damage. This has led to an increased use of safety relays in hybrid cars as they offer reliable protection against power outages or abnormal operating conditions.
Safety relay used in automobiles are designed with features such as high isolation resistance (to avoid influence of external magnetic fields), long life expectancy (upwards of 20 million operations), low maintenance cost (less than USD 0.10 per day) and small size (less than 10% additional volume). Such advanced features offered by automotive safety relays make them ideal devices for applications across various vehicle segments including passenger car, light commercial vehicle, heavy commercial vehicle & buses etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region is anticipated to witness a CAGR of XX% from 2018 to 2030 in terms of revenue owing to increasing industrialization and rising demand for energy & power, manufacturing, and others applications in countries such as China, India, Japan, South Korea, Taiwan among others. Moreover changing regulatory scenario coupled with growing awareness regarding safety standards across various industries will drive the market growth over the next eight years.
The European region accounted for more than 25% share of global revenue in 2017 due to stringent regulations laid down by governing bodies such as UIAA (UIA Universal Accident Insurance Association) and IECEE (International Electrotechnical Commission Europe).
Growth Factors:
- Increasing demand from the automotive industry for safety relay and timers for airbag deployment systems, seat belt tensioners, and other applications
- Growing demand for industrial automation and process control applications
- Rapid growth in the semiconductor market, which is driving the need for more sophisticated safety relay and timer products
- Proliferation of smart devices and the Internet of Things (IoT), which is creating new opportunities for safety relay and timer products
- Advances in semiconductor technology that are making it possible to pack more features into smaller packages, making them more affordable and easier to use
Scope Of The Report
Report Attributes
Report Details
Report Title
Safety Relay and Timers Market Research Report
By Type
Electromagnetic Relay, Thermal Reed Relay, Solid State Relay
By Application
Automotive, Energy & Power, Manufacturing, Building Security, Others
By Companies
ABB, Eaton, TE Connectivity, Phoenix, Omron, Altech, Schneider Electric, Littelfues, Crouzet, Teledyne Relays, Rockwell Automation, Hengstler GmbH
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Safety Relay and Timers Market Report Segments:
The global Safety Relay and Timers market is segmented on the basis of:
Types
Electromagnetic Relay, Thermal Reed Relay, Solid State Relay
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
Automotive, Energy & Power, Manufacturing, Building Security, 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:
- ABB
- Eaton
- TE Connectivity
- Phoenix
- Omron
- Altech
- Schneider Electric
- Littelfues
- Crouzet
- Teledyne Relays
- Rockwell Automation
- Hengstler GmbH
Highlights of The Safety Relay and Timers 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:
- Electromagnetic Relay
- Thermal Reed Relay
- Solid State Relay
- By Application:
- Automotive
- Energy & Power
- Manufacturing
- Building Security
- 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 Relay and Timers 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
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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 relays and timers are devices that help to ensure the safety of personnel by triggering an alarm or shutting down a process when a preset time has elapsed.
Some of the key players operating in the safety relay and timers market are ABB, Eaton, TE Connectivity, Phoenix, Omron, Altech, Schneider Electric, Littelfues, Crouzet, Teledyne Relays, Rockwell Automation, Hengstler GmbH.
The safety relay and timers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Safety Relay and Timers 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 Relay and Timers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Safety Relay and Timers 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 Relay and Timers 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 Relay and Timers Market Size & Forecast, 2018-2028
4.5.1 Safety Relay and Timers Market Size and Y-o-Y Growth
4.5.2 Safety Relay and Timers Market Absolute $ Opportunity
Chapter 5 Global Safety Relay and Timers 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 Safety Relay and Timers Market Size Forecast by Type
5.2.1 Electromagnetic Relay
5.2.2 Thermal Reed Relay
5.2.3 Solid State Relay
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Safety Relay and Timers 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 Safety Relay and Timers Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Energy & Power
6.2.3 Manufacturing
6.2.4 Building Security
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Safety Relay and Timers 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 Relay and Timers 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 Safety Relay and Timers Analysis and Forecast
9.1 Introduction
9.2 North America Safety Relay and Timers 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 Safety Relay and Timers Market Size Forecast by Type
9.6.1 Electromagnetic Relay
9.6.2 Thermal Reed Relay
9.6.3 Solid State Relay
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 Safety Relay and Timers Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Energy & Power
9.10.3 Manufacturing
9.10.4 Building Security
9.10.5 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 Safety Relay and Timers Analysis and Forecast
10.1 Introduction
10.2 Europe Safety Relay and Timers 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 Safety Relay and Timers Market Size Forecast by Type
10.6.1 Electromagnetic Relay
10.6.2 Thermal Reed Relay
10.6.3 Solid State Relay
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 Safety Relay and Timers Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Energy & Power
10.10.3 Manufacturing
10.10.4 Building Security
10.10.5 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 Safety Relay and Timers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Safety Relay and Timers 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 Safety Relay and Timers Market Size Forecast by Type
11.6.1 Electromagnetic Relay
11.6.2 Thermal Reed Relay
11.6.3 Solid State Relay
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 Safety Relay and Timers Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Energy & Power
11.10.3 Manufacturing
11.10.4 Building Security
11.10.5 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 Safety Relay and Timers Analysis and Forecast
12.1 Introduction
12.2 Latin America Safety Relay and Timers 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 Safety Relay and Timers Market Size Forecast by Type
12.6.1 Electromagnetic Relay
12.6.2 Thermal Reed Relay
12.6.3 Solid State Relay
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 Safety Relay and Timers Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Energy & Power
12.10.3 Manufacturing
12.10.4 Building Security
12.10.5 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) Safety Relay and Timers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Safety Relay and Timers 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) Safety Relay and Timers Market Size Forecast by Type
13.6.1 Electromagnetic Relay
13.6.2 Thermal Reed Relay
13.6.3 Solid State Relay
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) Safety Relay and Timers Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Energy & Power
13.10.3 Manufacturing
13.10.4 Building Security
13.10.5 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 Relay and Timers Market: Competitive Dashboard
14.2 Global Safety Relay and Timers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton
14.3.3 TE Connectivity
14.3.4 Phoenix
14.3.5 Omron
14.3.6 Altech
14.3.7 Schneider Electric
14.3.8 Littelfues
14.3.9 Crouzet
14.3.10 Teledyne Relays
14.3.11 Rockwell Automation
14.3.12 Hengstler GmbH
