Report overview
Safety Relays are devices that implement safety functions. In the event of a hazard, a safety relay will work to reduce to risk to an acceptable level. When an error occurs, the safety relay will initiate a safe and reliable response. Each safety relay monitors a specific function. By connecting them to other safety relays, one can achieve total monitoring of a machine or plant.
This report aims to provide a comprehensive presentation of the global market for Safety Relays, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Safety Relays. This report contains market size and forecasts of Safety Relays in global, including the following market information:
Global Safety Relays Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Safety Relays Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Safety Relays companies in 2022 (%)
The global Safety Relays market was valued at US$ 568.2 million in 2022 and is projected to reach US$ 715.6 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global core safety relays manufacturers include Omron, Pilz and Rockwell Automation etc. The top 3 companies hold a share about 30%. Asia Pacific is the largest market, with a share about 43%, followed by Europe and North America with the share about 27% and 18%.
We surveyed the Safety Relays manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Safety Relays Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Safety Relays Market Segment Percentages, by Type, 2022 (%)
Electromechanical Relay
Solid State Relay
Thermal Relay
Global Safety Relays Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Safety Relays Market Segment Percentages, by Application, 2022 (%)
Machine Industry
Automobile
Others
Global Safety Relays Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Safety Relays Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Safety Relays revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Safety Relays revenues share in global market, 2022 (%)
Key companies Safety Relays sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Safety Relays sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Pilz
Omron
Schmersal
Phoenix Contact
Rockwell Automation
Schneider Electric
ABB
Eaton
Siemens
Wieland
IDEC
Sick
Dold
Banner Engineering
Outline of Major Chapters:
Chapter 1: Introduces the definition of Safety Relays, market overview.
Chapter 2: Global Safety Relays market size in revenue and volume.
Chapter 3: Detailed analysis of Safety Relays manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Safety Relays in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Safety Relays capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
