Europe Safety Switch Market Size, Share & Industry Trends Analysis Report By Product Type (Contact Switch and Non-Contact Switch), By Safety System, By Vertical, By Country and Growth Forecast, 2023 - 2030
The Europe Safety Switch Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 2,235.7 thousand units, showcasing a growth of 5.8% (2019-2022).
One of the primary uses of these switches is to facilitate emergency shutdowns in industrial processes. In a malfunction, hazardous condition, or unforeseen circumstance, these switches provide a quick and efficient means to disconnect power, bringing the entire system or machinery to a safe and controlled stop. These switches are widely employed for access control and interlocking mechanisms. They help control access to hazardous areas by ensuring specific safety measures are taken before granting entry.
These switches are integrated into machinery and equipment in manufacturing and industrial settings to enhance overall safety. They are designed to detect abnormal conditions, such as mechanical failures or operator errors, and initiate a shutdown to prevent accidents, injuries, and damage to the equipment. Conveyor systems, commonly used in industries like manufacturing and logistics, benefit from these switches to ensure safe operation. These switches can be integrated into conveyor systems to monitor belt alignment, detect jams, and provide emergency stop functionality in case of irregularities, preventing accidents and equipment damage.
Industrial automation and Industry 4.0 principles are becoming more popular in France. These switches are integral to automated systems, providing emergency stop functions and ensuring safe interactions between humans and machines in France. France is known for its manufacturing excellence; these switches are crucial components in manufacturing environments. They contribute to worker safety, protect machinery, and enable controlled shutdowns in emergencies. With the expansion of the construction industry in France, these switches assume an increasingly critical function in safeguarding construction sites. France has a significant automotive industry, and these switches are essential in ensuring the safety of workers and the reliable operation of automated systems in automotive manufacturing plants. The factors mentioned above will drive the regional market growth.
The Germany market dominated the Europe Safety Switch Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $162.7 million by 2030. The UK market is exhibiting a CAGR of 4.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.7% during (2023 - 2030).
Based on Product Type, the market is segmented into Contact Switch (Hinge Switches, Locking Switches, and Other Switches), and Non-Contact Switch (Inductive Switches, Magnetic Switches, and Others). Based on Safety System, the market is segmented into Burner Management Systems, Emergency Shutdown Systems, Fire & Gas Monitoring Systems, High Integrity Pressure Protection Systems, and Others. Based on Vertical, the market is segmented into Oil & Gas, Metal & Mining, Food & Beverages, Energy & Power, Packaging, Pharmaceutical, Chemical, Water & Wastewater Treatment, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, General Electric Company, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Eaton Corporation PLC, Honeywell International, Inc., Omron Corporation, Emerson Electric Co. and Sick AG
Scope of the Study
Market Segments covered in the Report:
By Product Type (Volume, Thousand Units, USD Billion, 2019-2030)
- Contact Switch
- Hinge Switches
- Locking Switches
- Other Switches
- Non-Contact Switch
- Inductive Switches
- Magnetic Switches
- Others
- Burner Management Systems
- Emergency Shutdown Systems
- Fire & Gas Monitoring Systems
- High Integrity Pressure Protection Systems
- Others
- Oil & Gas
- Metal & Mining
- Food & Beverages
- Energy & Power
- Packaging
- Pharmaceutical
- Chemical
- Water & Wastewater Treatment
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- ABB Group
- General Electric Company
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Eaton Corporation PLC
- Honeywell International, Inc.
- Omron Corporation
- Emerson Electric Co.
- Sick AG
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Safety Switch Market, by Product Type
- 1.4.2 Europe Safety Switch Market, by Safety System
- 1.4.3 Europe Safety Switch Market, by Vertical
- 1.4.4 Europe Safety Switch Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expansions
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Sep – 2023, Sep) Leading Players
- 4.4 Porter’s Five Forces Analysis
- Chapter 5. Europe Safety Switch Market by Product Type
- 5.1 Europe Contact Switch Market by Country
- 5.2 Europe Safety Switch Market by Contact Switch Type
- 5.2.1 Europe Hinge Switches Market by Country
- 5.2.2 Europe Locking Switches Market by Country
- 5.2.3 Europe Other Switches Market by Country
- 5.3 Europe Non-Contact Switch Market by Country
- 5.4 Europe Safety Switch Market by Non-Contact Switch Type
- 5.4.1 Europe Inductive Switches Market by Country
- 5.4.2 Europe Magnetic Switches Market by Country
- 5.4.3 Europe Others Market by Country
- Chapter 6. Europe Safety Switch Market by Safety System
- 6.1 Europe Burner Management Systems Market by Country
- 6.2 Europe Emergency Shutdown Systems Market by Country
- 6.3 Europe Fire & Gas Monitoring Systems Market by Country
- 6.4 Europe High Integrity Pressure Protection Systems Market by Country
- 6.5 Europe Others Market by Country
- Chapter 7. Europe Safety Switch Market by Vertical
- 7.1 Europe Oil & Gas Market by Country
- 7.2 Europe Metal & Mining Market by Country
- 7.3 Europe Food & Beverages Market by Country
- 7.4 Europe Energy & Power Market by Country
- 7.5 Europe Packaging Market by Country
- 7.6 Europe Pharmaceutical Market by Country
- 7.7 Europe Chemical Market by Country
- 7.8 Europe Water & Wastewater Treatment Market by Country
- 7.9 Europe Others Market by Country
- Chapter 8. Europe Safety Switch Market by Country
- 8.1 Germany Safety Switch Market
- 8.1.1 Germany Safety Switch Market by Product Type
- 8.1.1.1 Germany Safety Switch Market by Contact Switch Type
- 8.1.1.2 Germany Safety Switch Market by Non-Contact Switch Type
- 8.1.2 Germany Safety Switch Market by Safety System
- 8.1.3 Germany Safety Switch Market by Vertical
- 8.2 UK Safety Switch Market
- 8.2.1 UK Safety Switch Market by Product Type
- 8.2.1.1 UK Safety Switch Market by Contact Switch Type
- 8.2.1.2 UK Safety Switch Market by Non-Contact Switch Type
- 8.2.2 UK Safety Switch Market by Safety System
- 8.2.3 UK Safety Switch Market by Vertical
- 8.3 France Safety Switch Market
- 8.3.1 France Safety Switch Market by Product Type
- 8.3.1.1 France Safety Switch Market by Contact Switch Type
- 8.3.1.2 France Safety Switch Market by Non-Contact Switch Type
- 8.3.2 France Safety Switch Market by Safety System
- 8.3.3 France Safety Switch Market by Vertical
- 8.4 Russia Safety Switch Market
- 8.4.1 Russia Safety Switch Market by Product Type
- 8.4.1.1 Russia Safety Switch Market by Contact Switch Type
- 8.4.1.2 Russia Safety Switch Market by Non-Contact Switch Type
- 8.4.2 Russia Safety Switch Market by Safety System
- 8.4.3 Russia Safety Switch Market by Vertical
- 8.5 Spain Safety Switch Market
- 8.5.1 Spain Safety Switch Market by Product Type
- 8.5.1.1 Spain Safety Switch Market by Contact Switch Type
- 8.5.1.2 Spain Safety Switch Market by Non-Contact Switch Type
- 8.5.2 Spain Safety Switch Market by Safety System
- 8.5.3 Spain Safety Switch Market by Vertical
- 8.6 Italy Safety Switch Market
- 8.6.1 Italy Safety Switch Market by Product Type
- 8.6.1.1 Italy Safety Switch Market by Contact Switch Type
- 8.6.1.2 Italy Safety Switch Market by Non-Contact Switch Type
- 8.6.2 Italy Safety Switch Market by Safety System
- 8.6.3 Italy Safety Switch Market by Vertical
- 8.7 Rest of Europe Safety Switch Market
- 8.7.1 Rest of Europe Safety Switch Market by Product Type
- 8.7.1.1 Rest of Europe Safety Switch Market by Contact Switch Type
- 8.7.1.2 Rest of Europe Safety Switch Market by Non-Contact Switch Type
- 8.7.2 Rest of Europe Safety Switch Market by Safety System
- 8.7.3 Rest of Europe Safety Switch Market by Vertical
- Chapter 9. Company Profiles
- 9.1 ABB Group
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Product Launches and Product Expansions:
- 9.1.5.2 Geographical Expansions:
- 9.1.6 SWOT Analysis
- 9.2 Eaton Corporation PLC
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Acquisition and Mergers:
- 9.2.6 SWOT Analysis
- 9.3 Omron Corporation
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.6 SWOT Analysis
- 9.4 General Electric Company
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 SWOT Analysis
- 9.5 Rockwell Automation, Inc.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
- 9.6 Schneider Electric SE
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.5.2 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 Siemens AG
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Product Launches and Product Expansions:
- 9.7.5.2 Acquisition and Mergers:
- 9.7.6 SWOT Analysis
- 9.8 Honeywell International, Inc.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Product Launches and Product Expansions:
- 9.8.6 SWOT Analysis
- 9.9 Emerson Electric Co.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expense
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Acquisition and Mergers:
- 9.9.6 SWOT Analysis
- 9.10. Sick AG
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 SWOT Analysis
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