Safety Relays And Timers Market
PUBLISHED: 2019 ID: SMRC18560
SHARE
SHARE

Safety Relays And Timers Market

Safety Relays and Timers - Global Market Outlook (2018-2027)

4.3 (67 reviews)
4.3 (67 reviews)
Published: 2019 ID: SMRC18560

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Safety Relays and Timers market is growing at a CAGR of 6.5% during the forecast period. Some of the key factors such as rising demand for cost-effective systems, high demand for functional safety and increasing usage in oil & gas industries are driving factors for the market growth. However, high market competition and complexity of standards acts as the restraining factors for the market growth.

Safety Relays are devices that generally implement and monitor safety functions. They help in checking a safety system and enable the machine to either begin or execute the commands to stop the machine. The forthcoming plans of these relays have made it capable of saving up on a lot of machines startup time and even human efforts. In the event of a hazard, the task of safety functions is to use appropriate measures to reduce the existing risk to an acceptable level.

By end-user, oil and gas segment is going to have a lucrative growth during the forecast period due to growth in applications such as controlling, starting and protecting circuits. The deployment of process machines has increased due to the considerable rise in offshore oil and gas exploration activities. By geography, Asia-Pacific is going to have a lucrative growth during the forecast period due to rapid development in construction, energy and power, automotive, manufacturing industries.
 
Some of the key players in this market include ABB, Eaton Corp., OMRON Industrial Automation, Rockwell Automation, TE Connectivity, SICK AG, Altech Corp., Siemens AG and Pilz GmbH & Co. KG.

Contacts Covered:
• Normally Open, Time Open (NOTO)
• Normally Closed, Time Closed (NCTC)
• Normally Open, Time Closed (NOTC)
• Normally Closed, Time Open (NCTO)

Types Covered:
• Modular & Configurable Safety Relays
• Single-Function Safety Relays

End-Users Covered:
• Pharmaceutical 
• Automotive   
• Semiconductors
• Manufacturing
• Oil & Gas
• Construction
• Energy & Power
• Chemical and Petrochemical

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
       
2 Preface   
   
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 End User Analysis    
 3.7 Emerging Markets    
 3.8 Futuristic Market Scenario   
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Safety Relays and Timers Market, By Contact  
 5.1 Introduction    
 5.2 Normally Open, Time Open (NOTO)  
 5.3 Normally Closed, Time Closed (NCTC)  
 5.4 Normally Open, Time Closed (NOTC)  
 5.5 Normally Closed, Time Open (NCTO)  
       
6 Global Safety Relays and Timers Market, By Type  
 6.1 Introduction    
 6.2 Modular & Configurable Safety Relays  
 6.3 Single-Function Safety Relays   
       
7 Global Safety Relays and Timers Market, By End-User 
 7.1 Introduction    
 7.2 Pharmaceutical    
 7.3 Automotive    
 7.4 Semiconductors    
 7.5 Manufacturing    
 7.6 Oil & Gas     
 7.7 Construction    
 7.8 Energy & Power    
 7.9 Chemical and Petrochemical   
        
8 Global Safety Relays and Timers Market, By Geography 
 8.1 Introduction    
 8.2 North America    
  8.2.1 US    
  8.2.2 Canada    
  8.2.3 Mexico    
 8.3 Europe     
  8.3.1 Germany    
  8.3.2 UK    
  8.3.3 Italy    
  8.3.4 France    
  8.3.5 Spain    
  8.3.6 Rest of Europe   
 8.4 Asia Pacific    
  8.4.1 Japan    
  8.4.2 China    
  8.4.3 India    
  8.4.4 Australia    
  8.4.5 New Zealand   
  8.4.6 South Korea   
  8.4.7 Rest of Asia Pacific   
 8.5 South America    
  8.5.1 Argentina   
  8.5.2 Brazil    
  8.5.3 Chile    
  8.5.4 Rest of South America  
 8.6 Middle East & Africa   
  8.6.1 Saudi Arabia   
  8.6.2 UAE    
  8.6.3 Qatar    
  8.6.4 South Africa   
  8.6.5 Rest of Middle East & Africa  
       
9 Key Developments     
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
 9.2 Acquisitions & Mergers   
 9.3 New Product Launch   
 9.4 Expansions    
 9.5 Other Key Strategies   
       
10 Company Profiling     
 10.1 ABB     
 10.2 Eaton Corp.    
 10.3 OMRON Industrial Automation  
 10.4 Rockwell Automation   
 10.5 TE Connectivity    
 10.6 SICK AG     
 10.7 Altech Corp.    
 10.8 Siemens AG    
 10.9 Pilz GmbH & Co. KG    


List of Tables      
1 Global Safety Relays and Timers Market Outlook, By Region (2017-2027) (US $MN)
2 Global Safety Relays and Timers Market Outlook, By Contact (2017-2027) (US $MN)
3 Global Safety Relays and Timers Market Outlook, By Normally Open, Time Open (NOTO) (2017-2027) (US $MN)
4 Global Safety Relays and Timers Market Outlook, By Normally Closed, Time Closed (NCTC) (2017-2027) (US $MN)
5 Global Safety Relays and Timers Market Outlook, By Normally Open, Time Closed (NOTC) (2017-2027) (US $MN)
6 Global Safety Relays and Timers Market Outlook, By Normally Closed, Time Open (NCTO) (2017-2027) (US $MN)
7 Global Safety Relays and Timers Market Outlook, By Type (2017-2027) (US $MN)
8 Global Safety Relays and Timers Market Outlook, By Modular & Configurable Safety Relays (2017-2027) (US $MN)
9 Global Safety Relays and Timers Market Outlook, By Single-Function Safety Relays (2017-2027) (US $MN)
10 Global Safety Relays and Timers Market Outlook, By End-user (2017-2027) (US $MN)
11 Global Safety Relays and Timers Market Outlook, By Pharmaceutical (2017-2027) (US $MN)
12 Global Safety Relays and Timers Market Outlook, By Automotive (2017-2027) (US $MN)
13 Global Safety Relays and Timers Market Outlook, By Semiconductors (2017-2027) (US $MN)
14 Global Safety Relays and Timers Market Outlook, By Manufacturing (2017-2027) (US $MN)
15 Global Safety Relays and Timers Market Outlook, By Oil & Gas (2017-2027) (US $MN)
16 Global Safety Relays and Timers Market Outlook, By Construction (2017-2027) (US $MN)
17 Global Safety Relays and Timers Market Outlook, By Energy & Power (2017-2027) (US $MN)
18 Global Safety Relays and Timers Market Outlook, By Chemical and Petrochemical (2017-2027) (US $MN)
19 North America Safety Relays and Timers Market Outlook, By Country (2017-2027) (US $MN)
20 North America Safety Relays and Timers Market Outlook, By Contact (2017-2027) (US $MN)
21 North America Safety Relays and Timers Market Outlook, By Normally Open, Time Open (NOTO) (2017-2027) (US $MN)
22 North America Safety Relays and Timers Market Outlook, By Normally Closed, Time Closed (NCTC) (2017-2027) (US $MN)
23 North America Safety Relays and Timers Market Outlook, By Normally Open, Time Closed (NOTC) (2017-2027) (US $MN)
24 North America Safety Relays and Timers Market Outlook, By Normally Closed, Time Open (NCTO) (2017-2027) (US $MN)
25 North America Safety Relays and Timers Market Outlook, By Type (2017-2027) (US $MN)
26 North America Safety Relays and Timers Market Outlook, By Modular & Configurable Safety Relays (2017-2027) (US $MN)
27 North America Safety Relays and Timers Market Outlook, By Single-Function Safety Relays (2017-2027) (US $MN)
28 North America Safety Relays and Timers Market Outlook, By End-user (2017-2027) (US $MN)
29 North America Safety Relays and Timers Market Outlook, By Pharmaceutical (2017-2027) (US $MN)
30 North America Safety Relays and Timers Market Outlook, By Automotive (2017-2027) (US $MN)
31 North America Safety Relays and Timers Market Outlook, By Semiconductors (2017-2027) (US $MN)
32 North America Safety Relays and Timers Market Outlook, By Manufacturing (2017-2027) (US $MN)
33 North America Safety Relays and Timers Market Outlook, By Oil & Gas (2017-2027) (US $MN)
34 North America Safety Relays and Timers Market Outlook, By Construction (2017-2027) (US $MN)
35 North America Safety Relays and Timers Market Outlook, By Energy & Power (2017-2027) (US $MN)
36 North America Safety Relays and Timers Market Outlook, By Chemical and Petrochemical (2017-2027) (US $MN)
37 Europe Safety Relays and Timers Market Outlook, By Country (2017-2027) (US $MN)
38 Europe Safety Relays and Timers Market Outlook, By Contact (2017-2027) (US $MN)
39 Europe Safety Relays and Timers Market Outlook, By Normally Open, Time Open (NOTO) (2017-2027) (US $MN)
40 Europe Safety Relays and Timers Market Outlook, By Normally Closed, Time Closed (NCTC) (2017-2027) (US $MN)
41 Europe Safety Relays and Timers Market Outlook, By Normally Open, Time Closed (NOTC) (2017-2027) (US $MN)
42 Europe Safety Relays and Timers Market Outlook, By Normally Closed, Time Open (NCTO) (2017-2027) (US $MN)
43 Europe Safety Relays and Timers Market Outlook, By Type (2017-2027) (US $MN)
44 Europe Safety Relays and Timers Market Outlook, By Modular & Configurable Safety Relays (2017-2027) (US $MN)
45 Europe Safety Relays and Timers Market Outlook, By Single-Function Safety Relays (2017-2027) (US $MN)
46 Europe Safety Relays and Timers Market Outlook, By End-user (2017-2027) (US $MN)
47 Europe Safety Relays and Timers Market Outlook, By Pharmaceutical (2017-2027) (US $MN)
48 Europe Safety Relays and Timers Market Outlook, By Automotive (2017-2027) (US $MN)
49 Europe Safety Relays and Timers Market Outlook, By Semiconductors (2017-2027) (US $MN)
50 Europe Safety Relays and Timers Market Outlook, By Manufacturing (2017-2027) (US $MN)
51 Europe Safety Relays and Timers Market Outlook, By Oil & Gas (2017-2027) (US $MN)
52 Europe Safety Relays and Timers Market Outlook, By Construction (2017-2027) (US $MN)
53 Europe Safety Relays and Timers Market Outlook, By Energy & Power (2017-2027) (US $MN)
54 Europe Safety Relays and Timers Market Outlook, By Chemical and Petrochemical (2017-2027) (US $MN)
55 Asia Pacific Safety Relays and Timers Market Outlook, By Country (2017-2027) (US $MN)
56 Asia Pacific Safety Relays and Timers Market Outlook, By Contact (2017-2027) (US $MN)
57 Asia Pacific Safety Relays and Timers Market Outlook, By Normally Open, Time Open (NOTO) (2017-2027) (US $MN)
58 Asia Pacific Safety Relays and Timers Market Outlook, By Normally Closed, Time Closed (NCTC) (2017-2027) (US $MN)
59 Asia Pacific Safety Relays and Timers Market Outlook, By Normally Open, Time Closed (NOTC) (2017-2027) (US $MN)
60 Asia Pacific Safety Relays and Timers Market Outlook, By Normally Closed, Time Open (NCTO) (2017-2027) (US $MN)
61 Asia Pacific Safety Relays and Timers Market Outlook, By Type (2017-2027) (US $MN)
62 Asia Pacific Safety Relays and Timers Market Outlook, By Modular & Configurable Safety Relays (2017-2027) (US $MN)
63 Asia Pacific Safety Relays and Timers Market Outlook, By Single-Function Safety Relays (2017-2027) (US $MN)
64 Asia Pacific Safety Relays and Timers Market Outlook, By End-user (2017-2027) (US $MN)
65 Asia Pacific Safety Relays and Timers Market Outlook, By Pharmaceutical (2017-2027) (US $MN)
66 Asia Pacific Safety Relays and Timers Market Outlook, By Automotive (2017-2027) (US $MN)
67 Asia Pacific Safety Relays and Timers Market Outlook, By Semiconductors (2017-2027) (US $MN)
68 Asia Pacific Safety Relays and Timers Market Outlook, By Manufacturing (2017-2027) (US $MN)
69 Asia Pacific Safety Relays and Timers Market Outlook, By Oil & Gas (2017-2027) (US $MN)
70 Asia Pacific Safety Relays and Timers Market Outlook, By Construction (2017-2027) (US $MN)
71 Asia Pacific Safety Relays and Timers Market Outlook, By Energy & Power (2017-2027) (US $MN)
72 Asia Pacific Safety Relays and Timers Market Outlook, By Chemical and Petrochemical (2017-2027) (US $MN)
73 South America Safety Relays and Timers Market Outlook, By Country (2017-2027) (US $MN)
74 South America Safety Relays and Timers Market Outlook, By Contact (2017-2027) (US $MN)
75 South America Safety Relays and Timers Market Outlook, By Normally Open, Time Open (NOTO) (2017-2027) (US $MN)
76 South America Safety Relays and Timers Market Outlook, By Normally Closed, Time Closed (NCTC) (2017-2027) (US $MN)
77 South America Safety Relays and Timers Market Outlook, By Normally Open, Time Closed (NOTC) (2017-2027) (US $MN)
78 South America Safety Relays and Timers Market Outlook, By Normally Closed, Time Open (NCTO) (2017-2027) (US $MN)
79 South America Safety Relays and Timers Market Outlook, By Type (2017-2027) (US $MN)
80 South America Safety Relays and Timers Market Outlook, By Modular & Configurable Safety Relays (2017-2027) (US $MN)
81 South America Safety Relays and Timers Market Outlook, By Single-Function Safety Relays (2017-2027) (US $MN)
82 South America Safety Relays and Timers Market Outlook, By End-user (2017-2027) (US $MN)
83 South America Safety Relays and Timers Market Outlook, By Pharmaceutical (2017-2027) (US $MN)
84 South America Safety Relays and Timers Market Outlook, By Automotive (2017-2027) (US $MN)
85 South America Safety Relays and Timers Market Outlook, By Semiconductors (2017-2027) (US $MN)
86 South America Safety Relays and Timers Market Outlook, By Manufacturing (2017-2027) (US $MN)
87 South America Safety Relays and Timers Market Outlook, By Oil & Gas (2017-2027) (US $MN)
88 South America Safety Relays and Timers Market Outlook, By Construction (2017-2027) (US $MN)
89 South America Safety Relays and Timers Market Outlook, By Energy & Power (2017-2027) (US $MN)
90 South America Safety Relays and Timers Market Outlook, By Chemical and Petrochemical (2017-2027) (US $MN)
91 Middle East & Africa Safety Relays and Timers Market Outlook, By Country (2017-2027) (US $MN)
92 Middle East & Africa Safety Relays and Timers Market Outlook, By Contact (2017-2027) (US $MN)
93 Middle East & Africa Safety Relays and Timers Market Outlook, By Normally Open, Time Open (NOTO) (2017-2027) (US $MN)
94 Middle East & Africa Safety Relays and Timers Market Outlook, By Normally Closed, Time Closed (NCTC) (2017-2027) (US $MN)
95 Middle East & Africa Safety Relays and Timers Market Outlook, By Normally Open, Time Closed (NOTC) (2017-2027) (US $MN)
96 Middle East & Africa Safety Relays and Timers Market Outlook, By Normally Closed, Time Open (NCTO) (2017-2027) (US $MN)
97 Middle East & Africa Safety Relays and Timers Market Outlook, By Type (2017-2027) (US $MN)
98 Middle East & Africa Safety Relays and Timers Market Outlook, By Modular & Configurable Safety Relays (2017-2027) (US $MN)
99 Middle East & Africa Safety Relays and Timers Market Outlook, By Single-Function Safety Relays (2017-2027) (US $MN)
100 Middle East & Africa Safety Relays and Timers Market Outlook, By End-user (2017-2027) (US $MN)
101 Middle East & Africa Safety Relays and Timers Market Outlook, By Pharmaceutical (2017-2027) (US $MN)
102 Middle East & Africa Safety Relays and Timers Market Outlook, By Automotive (2017-2027) (US $MN)
103 Middle East & Africa Safety Relays and Timers Market Outlook, By Semiconductors (2017-2027) (US $MN)
104 Middle East & Africa Safety Relays and Timers Market Outlook, By Manufacturing (2017-2027) (US $MN)
105 Middle East & Africa Safety Relays and Timers Market Outlook, By Oil & Gas (2017-2027) (US $MN)
106 Middle East & Africa Safety Relays and Timers Market Outlook, By Construction (2017-2027) (US $MN)
107 Middle East & Africa Safety Relays and Timers Market Outlook, By Energy & Power (2017-2027) (US $MN)
108 Middle East & Africa Safety Relays and Timers Market Outlook, By Chemical and Petrochemical (2017-2027) (US $MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials