North America 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 North America Safety Switch Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 2,555.4 thousand units, showcasing a growth of 5.9% (2019-2022).
The growing awareness of the importance of workplace safety has led to a cultural shift within industries. Businesses increasingly recognize that prioritizing safety protects employees and improves operational efficiency and reputation management. These switches are crucial in creating a safe working environment by preventing accidents, minimizing risks, and facilitating swift responses to emergencies. Integrating advanced technologies into these switches is a key factor in their adoption. Industry 4.0 and the Industrial Internet of Things (IIoT) have spurred the development of smart switches equipped with sensors, connectivity, and data analytics capabilities.
Intelligent switches provide real-time monitoring, predictive maintenance, and remote control, aligning with the broader trend of automation and connectivity in industrial processes. As automation and robotics become more prevalent in industries, the need for reliable safety systems has intensified. These switches are integral components in automated systems, ensuring that machinery can be quickly and effectively shut down during malfunctions or safety breaches. Adopting these switches supports the seamless integration of automation technologies, contributing to the efficiency and safety of automated processes.
Adopting advanced manufacturing technologies enhances efficiency and capacity in pharmaceutical production in Canada. In Canada, these switches are incorporated into automated manufacturing systems to ensure worker safety and prevent accidents during pharmaceutical production. Modernization efforts in the Canadian healthcare system contribute to increased access to medications. These switches are integrated into pharmaceutical manufacturing processes to align with modern healthcare standards and ensure product quality in Canada. Due to the above-mentioned factors, the market will grow significantly in this region.
The US market dominated the North America Safety Switch Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $499.4 million by 2030. The Canada market is experiencing a CAGR of 8.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.5% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
- 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 North America Safety Switch Market, by Product Type
- 1.4.2 North America Safety Switch Market, by Safety System
- 1.4.3 North America Safety Switch Market, by Vertical
- 1.4.4 North America 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. North America Safety Switch Market by Product Type
- 5.1 North America Contact Switch Market by Region
- 5.2 North America Safety Switch Market by Contact Switch Type
- 5.2.1 North America Hinge Switches Market by Country
- 5.2.2 North America Locking Switches Market by Country
- 5.2.3 North America Other Switches Market by Country
- 5.3 North America Non-Contact Switch Market by Region
- 5.4 North America Safety Switch Market by Non-Contact Switch Type
- 5.4.1 North America Inductive Switches Market by Country
- 5.4.2 North America Magnetic Switches Market by Country
- 5.4.3 North America Others Market by Country
- Chapter 6. North America Safety Switch Market by Safety System
- 6.1 North America Burner Management Systems Market by Country
- 6.2 North America Emergency Shutdown Systems Market by Country
- 6.3 North America Fire & Gas Monitoring Systems Market by Country
- 6.4 North America High Integrity Pressure Protection Systems Market by Country
- 6.5 North America Others Market by Country
- Chapter 7. North America Safety Switch Market by Vertical
- 7.1 North America Oil & Gas Market by Country
- 7.2 North America Metal & Mining Market by Country
- 7.3 North America Food & Beverages Market by Country
- 7.4 North America Energy & Power Market by Country
- 7.5 North America Packaging Market by Country
- 7.6 North America Pharmaceutical Market by Country
- 7.7 North America Chemical Market by Country
- 7.8 North America Water & Wastewater Treatment Market by Country
- 7.9 North America Others Market by Country
- Chapter 8. North America Safety Switch Market by Country
- 8.1 US Safety Switch Market
- 8.1.1 US Safety Switch Market by Product Type
- 8.1.1.1 US Safety Switch Market by Contact Switch Type
- 8.1.1.2 US Safety Switch Market by Non-Contact Switch Type
- 8.1.2 US Safety Switch Market by Safety System
- 8.1.3 US Safety Switch Market by Vertical
- 8.2 Canada Safety Switch Market
- 8.2.1 Canada Safety Switch Market by Product Type
- 8.2.1.1 Canada Safety Switch Market by Contact Switch Type
- 8.2.1.2 Canada Safety Switch Market by Non-Contact Switch Type
- 8.2.2 Canada Safety Switch Market by Safety System
- 8.2.3 Canada Safety Switch Market by Vertical
- 8.3 Mexico Safety Switch Market
- 8.3.1 Mexico Safety Switch Market by Product Type
- 8.3.1.1 Mexico Safety Switch Market by Contact Switch Type
- 8.3.1.2 Mexico Safety Switch Market by Non-Contact Switch Type
- 8.3.2 Mexico Safety Switch Market by Safety System
- 8.3.3 Mexico Safety Switch Market by Vertical
- 8.4 Rest of North America Safety Switch Market
- 8.4.1 Rest of North America Safety Switch Market by Product Type
- 8.4.1.1 Rest of North America Safety Switch Market by Contact Switch Type
- 8.4.1.2 Rest of North America Safety Switch Market by Non-Contact Switch Type
- 8.4.2 Rest of North America Safety Switch Market by Safety System
- 8.4.3 Rest of North America 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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