Global Safety Switch Market to reach USD 1.7 billion by 2026

Global Safety Switch Market Size Study, by Product Type (Contact Safety Switch, Non-Contact Switch), by Safety System (Buner Management Systems (BMS), Emergency Shutdown (ESD) Systems, Fire & Gas Monitoring Systems, High Integrity Pressure Protection Systems (HIPPS), Turbomachinery Control (TMC) Systems), by Vertical (Oil & Gas, Energy & Power, Chemical, Pharmaceutical, Food & Beverages, Metal & Mining, Pulp & Paper, Water & Wastewater Treatment, Packaging, Others) by Regional Forecasts 2019-2026
Product Code:  EESAC_65267394
Chapter 1.	Executive Summary  
1.1.	Market Snapshot
1.2.	Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1.	Safety Switch Market, by Product Type, 2017-2026 (USD Billion)
1.2.2.	Safety Switch Market, by Safety System, 2017-2026 (USD Billion)
1.2.3.	Safety Switch Market, by Vertical, 2017-2026 (USD Billion)
1.2.4.	Safety Switch Market, by Region, 2017-2026 (USD Billion)
1.3.	Key Trends
1.4.	Estimation Methodology
1.5.	Research Assumption
Chapter 2.	Global Safety Switch Market Definition and Scope 
2.1.	Objective of the Study
2.2.	Market Definition & Scope
2.2.1.	Scope of the Study
2.2.2.	Industry Evolution
2.3.	Years Considered for the Study
2.4.	Currency Conversion Rates
Chapter 3.	Global Safety Switch Market Dynamics	
3.1.	Safety Switch Market Impact Analysis (2018-2026)
3.1.1.	Market Drivers
3.1.2.	Market Challenges
3.1.3.	Market Opportunities
Chapter 4.	Global Safety Switch Market Analysis
4.1.	Porter’s 5 Force Model
4.1.1.	Bargaining Power of Suppliers
4.1.2.	Bargaining Power of Buyers
4.1.3.	Threat of New Entrants
4.1.4.	Threat of Substitutes
4.1.5.	Competitive Rivalry
4.1.6.	Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2.	PEST Analysis
4.2.1.	Political 
4.2.2.	Economical
4.2.3.	Social 
4.2.4.	Technological 
4.3.	Investment Adoption Model
4.4.	Analyst Recommendation & Conclusion
Chapter 5.	Global Safety Switch Market, by Product Type 
5.1.	Market Snapshot 
5.2.	Global Safety Switch Market by Product Type, Performance - Potential Analysis
5.3.	Global Safety Switch Market Estimates & Forecasts by Product Type 2016-2026 (USD Billion)
5.4.	Safety Switch Market, Sub Segment Analysis 
5.4.1.	Contact Safety Switches
5.4.2.	Non-Contact Switches
Chapter 6.	Global Safety Switch Market, by Safety System 
6.1.	Market Snapshot 
6.2.	Global Safety Switch Market by Safety System, Performance - Potential Analysis
6.3.	Global Safety Switch Market Estimates & Forecasts by Safety System, 2016-2026 (USD Billion)
6.4.	Safety Switch Market, Sub Segment Analysis 
6.4.1.	Buner Management Systems (BMS)
6.4.2.	Emergency Shutdown (ESD) Systems
6.4.3.	Fire & Gas Monitoring Systems 
6.4.4.	High Integrity Pressure Protection Systems (HIPPS)
6.4.5.	Turbomachinery Control (TMC) Systems
Chapter 7.	Global Safety Switch Market, by Vertical 
7.1.	Market Snapshot 
7.2.	Global Safety Switch Market by Vertical, Performance - Potential Analysis
7.3.	Global Safety Switch Market Estimates & Forecasts by Vertical 2016-2026 (USD Billion)
7.4.	Safety Switch Market, Sub Segment Analysis 
7.4.1.	Oil & Gas
7.4.2.	Energy & Power 
7.4.3.	Chemical 
7.4.4.	Pharmaceutical 
7.4.5.	Food & Beverages 
7.4.6.	Metal & Mining 
7.4.7.	Pulp & Paper 
7.4.8.	Water & Wastewater Treatment 
7.4.9.	Packaging 
7.4.10.	Others
Chapter 8.	Global Safety Switch Market, Regional Analysis
8.1.	Safety Switch Market, Regional Market Snapshot 
8.2.	North America Safety Switch Market 
8.2.1.	U.S. Safety Switch Market
8.2.1.1.	Product Type breakdown estimates & forecasts, 2016-2026
8.2.1.2.	Safety System breakdown estimates & forecasts, 2016-2026
8.2.1.3.	Vertical breakdown estimates & forecasts, 2016-2026
8.2.2.	Canada Safety Switch Market
8.3.	Europe Safety Switch Market Snapshot
8.3.1.	U.K. Safety Switch Market
8.3.2.	Germany Safety Switch Market
8.3.3.	Rest of Europe Safety Switch Market
8.4.	Asia-Pacific Safety Switch Market Snapshot
8.4.1.	China Safety Switch Market 
8.4.2.	India Safety Switch Market 
8.4.3.	Japan Safety Switch Market
8.4.4.	Rest of Asia Pacific Safety Switch Market
8.5.	Latin America Safety Switch Market Snapshot
8.5.1.	Brazil Safety Switch Market
8.5.2.	Mexico Safety Switch Market
8.6.	Rest of The World Safety Switch Market
Chapter 9.	Competitive Intelligence
9.1.	Top Market Strategies
9.2.	Company Profiles
9.2.1.	ABB
9.2.1.1.	Key Information
9.2.1.2.	Overview
9.2.1.3.	Financial (Subject to Data Availability)
9.2.1.4.	Product Summary
9.2.1.5.	Recent Developments
9.2.2.	General Electric 
9.2.3.	Rockwell 
9.2.4.	Schneider Electric 
9.2.5.	Siemens 
9.2.6.	Eaton 
9.2.7.	Honeywell 
9.2.8.	Omron 
9.2.9.	Pilz 
9.2.10.	SICK
Chapter 10.	Research Process
10.1.	Research Process
10.1.1.	Data Mining
10.1.2.	Analysis
10.1.3.	Market Estimation
10.1.4.	Validation
10.1.5.	Publishing
10.2.	Research Attributes
10.3.	Research Assumption

Global Safety Switch Market is valued approximately at USD 1.2 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period of 2019-2026. A safety switch (also known as a “disconnect switch,” or “load break switch”) is a type of device that switches off automatically during an electrical fault to reduce the risk of electricity-related fires, electric shock, damage and death. Safety switches are the NEC requirement (National Electrical Code), that means is necessary to use it across the industrial or manufacturing facilities, established by the National Fire Protection Association. By regulation & rules, safety switches guarding power points and lighting circuits must be fitted in all new households and in office block where electrical circuits are altered or added. The growing adoption of automation in hazardous industrial areas, increasing government intervention for equipment and personnel safety in industries, and rising demand for non-contact door switches to improve the stability of doors and guards are the few factors responsible for high CAGR of the global Safety Switch market around the world. For instance, In U.S., National Fire Protection Association (NFPA) has announced over 300 consensus codes and standards, which are intended to reduce the possibilities and effects related to fire. Also, in India, Bureau of Indian Standards (BIS) has formulated over 150 standards on fire safety in buildings and firefighting equipment & systems to eliminate the risk associated with fire. Such initiative introduced by the government is likely to drive the demand for safety switch in industrial and manufacturing area. However, high investment prerequisite for automation implementation and maintenance of equipment in hazardous environments is complicated, are the factors limiting the growth of global Safety Switch market over the forecast period.
The regional analysis of global Safety Switch Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the implementation of safety systems in process industries, along with the stringent safety regulations towards fire protection in the region. However, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period of 2019-2026.

Major market player included in this report are:
Schindler Group
OTIS Elevator Company
Kone Corporation
Thyssenkrupp AG
Honeywell International Inc.
Hitachi Ltd.
Mitsubishi Electric Corporation
Siemens Building Technologies
Hyundai Elevator Co., Ltd
Fujitec Co., Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type
Contact Safety Switch
Non-Contact Switch

By Safety System
Buner Management Systems (BMS)
Emergency Shutdown (ESD) Systems
Fire & Gas Monitoring Systems
High Integrity Pressure Protection Systems (HIPPS)
Turbomachinery Control (TMC) Systems

By Vertical
Oil & Gas
Energy & Power
Chemical
Pharmaceutical
Food & Beverages
Metal & Mining
Pulp & Paper
Water & Wastewater Treatment
Packaging
Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Safety Switch in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


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