Safety Controller Market - (By Type- Compact, Modular, Market By Components- Software, Hardware, Market By End User- Energy & Power, Automotive, Oil & Gas) - Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction

Safety controllers are the devices which forms a core of the system when building safety circuits for equipment and facilities. This provides the safety for the various equipments. Appropriate circuits are to be configured to make it enable for detecting input and output faults. These controllers provide flexible, straightforward, and scalable solutions for the intelligent machine design implementation. These devices have various components which includes hardware and software. They are used in a wide array of field which includes energy & power, automotive, oil & gas, and others.

Report coverage

Market Dynamics

The global safety controllers market is majorly driven by increasing demand for the various safety devices, increasing number of accidents and strict laws for the safety. During the last few years, the number of accidents are been increased which has increased the demand for the various safety controller devices. Adoption of these devices by various industries has fuelled the growth of the market. Additionally, increasing demand for the automotives, rising demand for the various oil products and increasing demand for the energy has led to increase the number of these industries ultimately supported the growth of the market.

However, high cost of the devices and need of skilled labor are the major factors hampering the growth of the market.

Market Classification and Overview

The global safety controller market is segment into types, component, and end users.

On the basis of types, the market is segmented into compact, and modular.

Based on components the market is categorized into hardware, software, and others.

On the basis of end users, the market is segmented into energy & power, automotive, oil & gas, and others.

Regional Overview

Geographically, the global safety controller market is segmented into 4 major regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

North America dominates the global safety controller market owing to the presence of well-developed economy, presence of huge number of players, well developed industrial sector and high spending power. U.S. holds the lion share for the North America safety controller market. Europe accounts for the second leading market for safety controller owing to the strict regulatory laws for the safety, presence of huge automotive industries and availability of huge fund. Additionally, huge awareness among the people for the safety will support the growth of the market. Asia Pacific is expected to be the fastest growing market. On the other hand, LAMEA is holds the least market owing to the limited development in the industrial sector, and low spending power of the people. In near future, this region will possess a huge opportunity due to continuous development in the economy and growth in the industrial sector.

Market Participants

The global safety controller market comprises of some of the major players such as Pilz Automation Safety L.P., Rockwell Automation, Mitsubishi, Siemens Safety Integrated, ABB, Treotham, Astre Engineering, Beckhoff, Toshiba, Koyo, Panasonic, Omron, Idec, B&R Industrial, Schneider (Modicon), Keyence, Fuji, and GE Fanuc.

Market Segmentation

By Type

• Compact
• Modular

By Component

• Hardware
• Software
• Others

By End Users

• Energy & Power
• Automotive
• Oil & Gas
• Others

Market By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA