The demand for safety sensors and switches has been skyrocketing since the last few years due to stern regulations being laid down regarding safety at workplaces. The application areas include process instrumentation, monitoring and detection, and the doors and guide areas.
“Playing Safe” is the dictum followed all across. Industry 4.0 would certainly not provide any downtime regarding the repairs and maintenance. In such a scenario, having safety sensors and switches handy would certainly be of great help. Persistence Market Research has entailed these facts with probable calls to action in its latest market study entitled “Safety Sensors and Switches Market”.
How is the Safety Sensors and Switches Market classified?
The global safety sensors and switches market, by type, spans electromechanical, magnetic, photoelectric, inductive, ultrasonic, and capacitive. By application, it’s monitoring and detection (proximity and position, fire, smoke and explosion, and leak detection), process instrumentation, and doors and guides. By end-use industry, it’s industrial (oil & gas, automotive, power generation, mining and metal, food and beverage, packaging, and pharmaceuticals), commercial and institutional (offices, academic and research institutes, government and defense establishments, airports and stations, hotels and hospitals, and others), and residential.
Out of these, industrial sub-segments hold the largest market share, followed by airports and stations, especially after a series of untoward incidents happening worldwide. Persistence Market Research has scanned through these facts with future perspectives in its latest market study entitled “Safety Sensors and Switches market”.
North America holds the largest market share, followed by Europe and the Asia-Pacific. Safety sensors and switches are of utmost importance in wake of safety being the top priority all across. Persistence Market Research has mentioned about these developments with insights in its latest market study entitled “Safety Sensors and Switches Market”.
Persistence Market Research has profiled the key players in safety sensors and switches market as: ABB, Siemens, Pepperl + Fuchs, Hans TURCK GmbH & Co. KG, Omega Engineering, Keyence Corporation, Eaton Corporation Plc, Datalogic S.P.A., SICK Automation, Texas Instruments, Honeywell, Baumer, Banner engineering Corp., Balluff GmbH, Omron Corporation, Allen-Bradley Rockwell Automation, Inc. Schneider Electric, elobau GmbH, Schmersal GmbH & Co. KG, and others. These players are into organic and also inorganic ways of expansion for strengthening their foothold amidst fierce competition. They are inclusive of partnerships, new product launch, mergers, acquisitions, and joint ventures.
The Way Ahead
The global safety sensors and switches market is slated to grow well in the next 10 years – Persistence Market Research