The global safety switches market analyst says one trend leading to the growth of this market is the growing preference for stainless steel safety switches. Safety switches should be able to withstand harsh and rough working conditions. For example, safety switches operating in the waste recycling industry should be robust and should be able to withstand the possibility of debris. Regular plastic safety switches may fail to stand up to harsh operating conditions; in such scenarios, stainless steel safety switches could be the best alternative. —
Complete report on safety switches market spread across 63 pages, analyzing 5 major companies and providing 35 data exhibits is now available at http://www.rnrmarketresearch.com/global-safety-switches-market-2016-2020-market-report.html
According to the 2016 safety switches market report, one driver facilitating growth in this market is the increasing demand for electricity and power distribution systems. Regions such as EMEA and the Americas are revamping the decade-old power grid distribution and transmission lines spurred by regulations and policies on energy conservation. The global electricity generation was approximately 25,000 TWh in 2015 and it is expected to reach about 29,000 TWh by 2020. The growth in power generation would require high levels of investment in infrastructure development in the T&D sector.
The demand for safety switches is driven primarily by the need to adhere to stringent standards and norms for machine safety. The main use of safety switches is to protect the employees and other industry personnel in the machine area from potential hazards in the manufacturing sector. During 2015, the APAC region was the dominant shareholder in the global safety switches market with a share of almost 58%. The presence of manufacturing processes of several multinational companies in the region is expected to propel growth in the safety switches market in APAC during the forecast period. Order a copy of Global Safety Switches Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=620668
The residential user sector held a significant share of more than 58% in 2015 to become the dominant shareholder in the global safety switches market. In its residential applications, safety switches are used in lighting circuits, heating appliance circuits, and air-conditioning circuits. Switch board safety switches, power point safety switches, and portable point safety switches are the key types of safety switches made use of in residential applications.
The following companies are the key players in the global safety switches market: ABB, GE, Rockwell Automation, Schneider Electric, and SICK. Other prominent vendors in the market are: Omron, Pepperl-Fuchs, Eaton, Schemersal, IDEM, and Euchner.
Global Safety Switches Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
This report covers the present scenario and the growth prospects of the global safety switches market for 2016-2020. To calculate the market size, considers the revenue generated from the total consumption of safety switches globally considering different types of safety switches used; their application sectors; the average replacement period of safety switches; demand from various geographical segments and the different market growth patterns in these geographies; and the application of safety switches in different application segments like the residential, commercial, and industrial sectors.
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