Market Overview:
The global solenoid interlock 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 solenoid interlock switches from various end-use industries, such as manufacturing, power, construction, and others. In addition, the growing awareness about safety among consumers is also propelling the growth of this market. Based on type, the global solenoid interlock switches market can be segmented into 24V, 110 V, 240 V and other types. Among these segments, 240 V is expected to witness highest growth during the forecast period owing to its wide usage in various industrial applications across different regions. Based on application type; manufacturing industry accounted for majority share of total revenue generated by global solenoid interlock switch market in 2017 and it is projected that this trend would continue over next few years as well due rising concerns related with safety among workers employed in factories and plants across different geographies worldwide .Power industry followed manufacturing industry with significant revenue contribution towards overall sales generated by global solenoid Inter lock switch mar ket dur ing 2017 .
Product Definition:
solenoid interlock switches are devices used to prevent two solenoids from being energized at the same time. this is important because if two solenoids were to be energized at the same time, they could damage each other.
24V:
24V is the voltage range that is generally used in traction and locomotive solenoid interlock switches. The 24 V supply voltage range has been gaining acceptance over the past few years owing to several advantages such as high power density, wide operating temperature range, low cost of operation and easy installation.
110 V:
The 110 V is a standard electrical voltage which is widely used in the electronic devices. The common applications of this voltage include incandescent lamps, electric shavers, hair dryers, vacuum cleaners and other home appliances. It also finds its utility in the Solenoid Interlock Switches (SIS) market as it allows easy interconnection of two or more electrical systems through a single cable without any additional wiring.
Application Insights:
The manufacturing industry accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The growing industrialization across developing countries, such as China, India and Brazil is anticipated to boost product demand. In addition, a rise in R&D activities by major players for developing efficient products with higher power handling capacity is projected to fuel segment growth during the study period.
Power industry application segment was one of the prominent segments accounting for a significant market share in 2016 owing to high reliability requirements from various industries including oil & gas and petrochemical which require uninterrupted supply of electricity at all times. The construction sector also held a considerable market share due to increasing residential & commercial building projects across regions coupled with stringent safety regulations implemented by regional governments regarding interlock switches installation in buildings or structures that control or interrupt electrical equipment operations when they are not supposed to do so as per applicable codes/regulations governing their use.
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 strong economic growth on account of rapid industrialization and urbanization. Countries such as China, India, Japan, South Korea have been experiencing strong economic growth owing to various factors such as low labor cost, high population density along with a large youth population possessing higher intelligence which can be utilized more effectively in industrial operations.
The construction industry is also growing at a rapid rate due to increasing demand for residential spaces and commercial buildings especially in countries such as China & India which are witnessing significant development activities related to infrastructure projects including hospitals/hospitals complexes/clinics (medical facilities), offices (BFSI), shopping complexes (shopping malls) among others). These projects require installation of solenoid interlock switches for safety purposes thereby driving the regional market growth.
Growth Factors:
- Increasing demand for safety and security in industrial applications
- Growing awareness about the benefits of solenoid interlock switches over traditional safety devices
- Rising demand from end-use industries such as automotive, aerospace, and defense
- Technological advancements that have led to the development of more reliable and efficient solenoid interlock switches
- Growing popularity of solenoid interlock switches among small- and medium-sized businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
Solenoid Interlock Switches Market Research Report
By Type
24V, 110 V, 240V, Other
By Application
Manufacturing Industry, Power Industry, Construction, Other
By Companies
Omron, IDEM Inc, Siemens, Schneider Electric, Schmersal, ABB, KSS, Johnson Electric, Euchner, Telemecanique, Omron, Banner, Pilz, Bernstein Safety, Mecalectro
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
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Solenoid Interlock Switches Market Report Segments:
The global Solenoid Interlock Switches market is segmented on the basis of:
Types
24V, 110 V, 240V, Other
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
Manufacturing Industry, Power Industry, Construction, Other
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:
- Omron
- IDEM Inc
- Siemens
- Schneider Electric
- Schmersal
- ABB
- KSS
- Johnson Electric
- Euchner
- Telemecanique
- Omron
- Banner
- Pilz
- Bernstein Safety
- Mecalectro
Highlights of The Solenoid Interlock 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:
- 24V
- 110 V
- 240V
- Other
- By Application:
- Manufacturing Industry
- Power Industry
- Construction
- Other
- 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 Solenoid Interlock 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
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- 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?
A solenoid interlock switch is a safety device used on machines that are in close proximity to each other, such as in a factory. When the switches are activated, they will prevent the machines from operating until the switches have been deactivated.
Some of the major companies in the solenoid interlock switches market are Omron, IDEM Inc, Siemens, Schneider Electric, Schmersal, ABB, KSS, Johnson Electric, Euchner, Telemecanique, Omron, Banner, Pilz, Bernstein Safety, Mecalectro.
The solenoid interlock switches 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 Solenoid Interlock 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 Solenoid Interlock Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solenoid Interlock 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 Solenoid Interlock 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 Solenoid Interlock Switches Market Size & Forecast, 2018-2028
4.5.1 Solenoid Interlock Switches Market Size and Y-o-Y Growth
4.5.2 Solenoid Interlock Switches Market Absolute $ Opportunity
Chapter 5 Global Solenoid Interlock Switches 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 Solenoid Interlock Switches Market Size Forecast by Type
5.2.1 24V
5.2.2 110 V
5.2.3 240V
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solenoid Interlock Switches 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 Solenoid Interlock Switches Market Size Forecast by Applications
6.2.1 Manufacturing Industry
6.2.2 Power Industry
6.2.3 Construction
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solenoid Interlock 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 Solenoid Interlock 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 Solenoid Interlock Switches Analysis and Forecast
9.1 Introduction
9.2 North America Solenoid Interlock Switches 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 Solenoid Interlock Switches Market Size Forecast by Type
9.6.1 24V
9.6.2 110 V
9.6.3 240V
9.6.4 Other
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 Solenoid Interlock Switches Market Size Forecast by Applications
9.10.1 Manufacturing Industry
9.10.2 Power Industry
9.10.3 Construction
9.10.4 Other
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 Solenoid Interlock Switches Analysis and Forecast
10.1 Introduction
10.2 Europe Solenoid Interlock Switches 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 Solenoid Interlock Switches Market Size Forecast by Type
10.6.1 24V
10.6.2 110 V
10.6.3 240V
10.6.4 Other
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 Solenoid Interlock Switches Market Size Forecast by Applications
10.10.1 Manufacturing Industry
10.10.2 Power Industry
10.10.3 Construction
10.10.4 Other
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 Solenoid Interlock Switches Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solenoid Interlock Switches 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 Solenoid Interlock Switches Market Size Forecast by Type
11.6.1 24V
11.6.2 110 V
11.6.3 240V
11.6.4 Other
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 Solenoid Interlock Switches Market Size Forecast by Applications
11.10.1 Manufacturing Industry
11.10.2 Power Industry
11.10.3 Construction
11.10.4 Other
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 Solenoid Interlock Switches Analysis and Forecast
12.1 Introduction
12.2 Latin America Solenoid Interlock Switches 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 Solenoid Interlock Switches Market Size Forecast by Type
12.6.1 24V
12.6.2 110 V
12.6.3 240V
12.6.4 Other
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 Solenoid Interlock Switches Market Size Forecast by Applications
12.10.1 Manufacturing Industry
12.10.2 Power Industry
12.10.3 Construction
12.10.4 Other
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) Solenoid Interlock Switches Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solenoid Interlock Switches 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) Solenoid Interlock Switches Market Size Forecast by Type
13.6.1 24V
13.6.2 110 V
13.6.3 240V
13.6.4 Other
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) Solenoid Interlock Switches Market Size Forecast by Applications
13.10.1 Manufacturing Industry
13.10.2 Power Industry
13.10.3 Construction
13.10.4 Other
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 Solenoid Interlock Switches Market: Competitive Dashboard
14.2 Global Solenoid Interlock Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Omron
14.3.2 IDEM Inc
14.3.3 Siemens
14.3.4 Schneider Electric
14.3.5 Schmersal
14.3.6 ABB
14.3.7 KSS
14.3.8 Johnson Electric
14.3.9 Euchner
14.3.10 Telemecanique
14.3.11 Omron
14.3.12 Banner
14.3.13 Pilz
14.3.14 Bernstein Safety
14.3.15 Mecalectro
