The global industrial safety relays and timers market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.6 billion by 2030. The growth of this market is driven by the increasing demand for industrial safety equipment in various industries such as chemical, electronics industry, and others. The increasing demand for automation in various industries has led to an increase in the use of industrial safety equipment such as relays and timers which are used for controlling processes or machinery within a plant or factory.
The micro power relay segment accounted for the largest share of this market in 2018 due to its low cost and high reliability features which make it suitable for use in small-scale applications such as control panels, process control systems, and other applications where space is limited.
Some Of The Growth Factors Of This Market:
- Increasing demand for industrial safety relays and timers in the Asia Pacific region is one of the major factors driving the growth of this market.
- Increasing demand for industrial safety relays and timers in the Middle East & Africa region is another factor driving the growth of this market.
- Increasing demand for industrial safety relays and timers in North America is also a factor driving the growth of this market.
- The increasing need to comply with regulatory standards such as IEC 61850, IEC 61784, UL 508A, UL 508B, UL 508C are some other factors that are expected to drive this market.
Industry Growth Insights published a new data on “Industrial Safety Relays and Timers Market”. The research report is titled “Industrial Safety Relays and Timers Market research by Types (Micro Power Relay, Weak Power Relay, Power Relay, High Power Relay), By Applications (Chemical, Electronics Industry, Other), By Players/Companies ABB, EATON, Rockwell Automation, Schneider Electric, Siemens, Euchner-USA, Panasonic Electric Works, Pilz, SICK AG, Yokogawa Electric Corporation”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Safety Relays and Timers Market Research Report
By Type
Micro Power Relay, Weak Power Relay, Power Relay, High Power Relay
By Application
Chemical, Electronics Industry, Other
By Companies
ABB, EATON, Rockwell Automation, Schneider Electric, Siemens, Euchner-USA, Panasonic Electric Works, Pilz, SICK AG, Yokogawa Electric Corporation
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Safety Relays and Timers Market Report Segments:
The global Industrial Safety Relays and Timers market is segmented on the basis of:
Types
Micro Power Relay, Weak Power Relay, Power Relay, High Power 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
Chemical, Electronics Industry, 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:
- ABB
- EATON
- Rockwell Automation
- Schneider Electric
- Siemens
- Euchner-USA
- Panasonic Electric Works
- Pilz
- SICK AG
- Yokogawa Electric Corporation
Highlights of The Industrial Safety Relays 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:
- Micro Power Relay
- Weak Power Relay
- Power Relay
- High Power Relay
- By Application:
- Chemical
- Electronics Industry
- 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 Industrial Safety Relays 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.
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- Correctly Positioning New Products
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- 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?
Industrial safety relays and timers are devices used to control the flow of energy in industrial processes. They can be used to prevent accidents, protect equipment, and maintain production schedules.
Some of the key players operating in the industrial safety relays and timers market are ABB, EATON, Rockwell Automation, Schneider Electric, Siemens, Euchner-USA, Panasonic Electric Works, Pilz, SICK AG, Yokogawa Electric Corporation.
The industrial safety relays and timers market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Safety Relays and Timers 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. Industrial Safety Relays and Timers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Safety Relays and Timers Market - Supply Chain
4.5. Global Industrial Safety Relays and Timers Market Forecast
4.5.1. Industrial Safety Relays and Timers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Safety Relays and Timers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Safety Relays and Timers Market Absolute $ Opportunity
5. Global Industrial Safety Relays and Timers 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. Industrial Safety Relays and Timers Market Size and Volume Forecast by Type
5.3.1. Micro Power Relay
5.3.2. Weak Power Relay
5.3.3. Power Relay
5.3.4. High Power Relay
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Safety Relays and Timers 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. Industrial Safety Relays and Timers Market Size and Volume Forecast by Application
6.3.1. Chemical
6.3.2. Electronics Industry
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Safety Relays and Timers 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. Industrial Safety Relays and Timers 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 Industrial Safety Relays and Timers 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. Industrial Safety Relays and Timers 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 Industrial Safety Relays and Timers Demand Share Forecast, 2019-2029
9. North America Industrial Safety Relays and Timers 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 Industrial Safety Relays and Timers 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 Industrial Safety Relays and Timers Market Size and Volume Forecast by Application
9.4.1. Chemical
9.4.2. Electronics Industry
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Safety Relays and Timers Market Size and Volume Forecast by Type
9.7.1. Micro Power Relay
9.7.2. Weak Power Relay
9.7.3. Power Relay
9.7.4. High Power Relay
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 Industrial Safety Relays and Timers Demand Share Forecast, 2019-2029
10. Latin America Industrial Safety Relays and Timers 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 Industrial Safety Relays and Timers 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 Industrial Safety Relays and Timers Market Size and Volume Forecast by Application
10.4.1. Chemical
10.4.2. Electronics Industry
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Safety Relays and Timers Market Size and Volume Forecast by Type
10.7.1. Micro Power Relay
10.7.2. Weak Power Relay
10.7.3. Power Relay
10.7.4. High Power Relay
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 Industrial Safety Relays and Timers Demand Share Forecast, 2019-2029
11. Europe Industrial Safety Relays and Timers 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 Industrial Safety Relays and Timers 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 Industrial Safety Relays and Timers Market Size and Volume Forecast by Application
11.4.1. Chemical
11.4.2. Electronics Industry
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Safety Relays and Timers Market Size and Volume Forecast by Type
11.7.1. Micro Power Relay
11.7.2. Wek Power Relay
11.7.3. Power Relay
11.7.4. High Power Relay
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 Industrial Safety Relays and Timers Demand Share, 2019-2029
12. Asia Pacific Industrial Safety Relays and Timers 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 Industrial Safety Relays and Timers 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 Industrial Safety Relays and Timers Market Size and Volume Forecast by Application
12.4.1. Chemical
12.4.2. Electronics Industry
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Safety Relays and Timers Market Size and Volume Forecast by Type
12.7.1. Micro Power Relay
12.7.2. Weak Power Relay
12.7.3. Power Relay
12.7.4. High Power Relay
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 Industrial Safety Relays and Timers Demand Share, 2019-2029
13. Middle East & Africa Industrial Safety Relays and Timers 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 Industrial Safety Relays and Timers 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 Industrial Safety Relays and Timers Market Size and Volume Forecast by Application
13.4.1. Chemical
13.4.2. Electronics Industry
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Safety Relays and Timers Market Size and Volume Forecast by Type
13.7.1. Micro Power Relay
13.7.2. Weak Power Relay
13.7.3. Power Relay
13.7.4. High Power Relay
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 Industrial Safety Relays and Timers Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Industrial Safety Relays and Timers Market: Market Share Analysis
14.2. Industrial Safety Relays and Timers Distributors and Customers
14.3. Industrial Safety Relays and Timers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. EATON
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rockwell Automation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schneider Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Euchner-USA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic Electric Works
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Pilz
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SICK AG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yokogawa Electric Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
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
