Global Safety Programmable Controllers Market 2022-2026

Global Safety Programmable Controllers Market 2022-2026

Technavio has been monitoring the safety programmable controllers market and it is poised to grow by $ 2.43 bn during 2022-2026 progressing at a CAGR of 6.66% during the forecast period. Our report on the safety programmable controllers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rapid globalization of industries, improving safety standards and related developments, and increasing demand for compact automation solutions.

The safety programmable controllers market analysis includes type segment and geographic landscape.

Technavio's safety programmable controllers market is segmented as below:

By Type

• Modular
• Compact

By Geographical Landscape

• APAC
• North America
• Europe
• The Middle East and Africa
• South America

This study identifies the growing investments in smart factories as one of the prime reasons driving the safety programmable controllers market growth during the next few years. Also, value chain integration and strategic partnerships and acquisitions will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the safety programmable controllers market covers the following areas:

• Safety programmable controllers market sizing
• Safety programmable controllers market forecast
• Safety programmable controllers market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading safety programmable controllers market vendors that include ABB Ltd., ASTRE Engineering, B and R Industrial Automation GmbH, Beckhoff Automation GmbH, and Co. KG, Eltime Controls, IDEC Corp., Ingenious Power and Control Systems Pvt. Ltd., Keyence Corp., Leuze electronic GmbH + Co. KG, Panasonic Corp., Pilz GmbH and Co. KG, Rockwell Automation Inc., SICK AG, Siemens AG, Treotham Automation Pty. Ltd., Yacoub Automation GmbH, JTEKT Corp., OMRON Corporation, Mitsubishi Electric Corp., and Schneider Electric SE. Also, the safety programmable controllers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

ABB Ltd., ASTRE Engineering, B and R Industrial Automation GmbH, Beckhoff Automation GmbH and Co. KG, Eltime Controls, IDEC Corp., Ingenious Power and Control Systems Pvt. Ltd., Keyence Corp., Leuze electronic GmbH + Co. KG, Panasonic Corp., Pilz GmbH and Co. KG, Rockwell Automation Inc., SICK AG, Siemens AG, Treotham Automation Pty. Ltd., Yacoub Automation GmbH, JTEKT Corp., OMRON Corporation, Mitsubishi Electric Corp., Schneider Electric SE