Europe Safety Switches Market - Growth, Trends, COVID-19 Impact and Forecasts (2022 - 2027)

Europe Safety Switches Market - Growth, Trends, COVID-19 Impact and Forecasts (2022 - 2027)

The use of safety switches In this region is increasing in various industries such as oil and gas, energy and electricity, chemical, pharmaceutical, food processing, metallurgy, and mining. Various trade fairs and exhibitions have also helped safety switch companies expand their customer base and significantly contribute to the growth of the safety switch market.

Key Highlights

• Increasing use of safety switches in industries such as food and beverage, mining, and automotive are driving the market growth. Sales of these switches are also increasing with the introduction of energy-efficient and environmentally friendly systems.
• In addition, governments in this region and across the globe are implementing safety standards that have a positive impact on the market as well, and many organizations use safety switches in the workplace to prevent work-related hazards, protect employees, and meet necessary corporate safety standards.
• The development of new industrial infrastructure, including power plants for stable and safe operation, is expected to drive market growth. Increasing investment in renewable energy and government-friendly regulations supporting new technologies is expected to boost the industry.
• Europe currently plans to increase the capacity of offshore wind turbines by 25 times by 2050. According to the European Commission, the “Offshore Renewable Energy Strategy” shares plans to achieve 40 GW of offshore energy such as wave and tidal power in the same period.
• Due to the sudden outbreak of the COVID-19 pandemic, strict quarantine rules have been implemented in several countries, halting the import and export of safety switches. The fall in electricity demand and focus on higher renewable production has driven non-renewable generation down in the European Union. The share of various renewable energy sources in the electricity mix in several EU countries, especially Spain, Italy, and Germany, set records during the lockdown period. The share of renewables remained high as lockdown measures were softened.

Key Market TrendsSafety Switches for Industrial Application to Show Significant Growth in this Region

The use of safety switches is increasing significantly in industrial applications such as oil and gas, manufacturing, material handling, and power generation. As with single machines, different types of safety switches are commonly used, such as emergency stop switches or safety limit switches.

• The demand for a safer working environment is driving the safety switch market. In hazardous areas of industries such as elevators, offshore drilling, petrochemical and wastewater treatment plants, spray booths, and hazardous waste treatment facilities, these safety switches play a key role in safe and efficient operation.
• For smart buildings, improved quality of smart and physically structural safety switches are driving the demand for buildings, which will have a positive impact on the demand for smart and safety switches and systems over the forecast period, and most of the countries are adopting these smart switches for better protection and efficiency.
• New technologies such as industrial wireless communications for the Industrial Internet of Things (IIoT) promise lower deployment costs, greater connectivity, improved operational efficiency, and improved operational analytics that require efficient switching solutions. The major countries such as the United Kingdom, Germany, France, and more also participate in im[ort and export of the electronics components across the globe, increasing the market growth locally and internationally.
• The European Agency for Safety and Health at Work conducts campaigns to create awareness and provide information on the policies and prevent risk at small and medium-sized enterprises by designing and facilitating to assess the workplace risks and share knowledge.

Emergency Stop Switches to have high demand

An emergency stop switch also called an emergency stop switch, is a form of fail-safe control. E-stop switches shut down the associated equipment and isolate any potential hazards outside the equipment's main power cabinet.

• The purpose of an E-stop switch is to avert or reduce rising and existing hazards to persons, work, or machinery caused by the undesired activity of a machine or electrical system. E-stops are integrated into the circuit of a mechanical or electrical system, where the circuit cuts and disconnects the power supply to the machine. This makes the machine physically unavailable until the switch is reset and the system goes through the restart procedure.
• According to European Union's Machinery, an emergency stop functions as a safety measure to safeguard against human error or technical failure, and it must be capable of rough handling and must be regulated with industrial standards. DIN EN ISO 13850 on the safety of machinery describes the fundamental requirements of emergency stop functions and the design of the actuators, and DIN EN 60204 addresses the electrical equipment of machinery and defines the stop categories.In Europe, machinery and equipment covered by the Machinery Directive (2006 /42/ EC) must be equipped with at least one certified E-Stop with a proven ability to prevent an imminent or occurring hazard. Emergency Stop Switches come in two categories that are modular switches with a separate actuator and single-piece E stop with a built-in contact block.

Competitive Landscape

Europe Safety Switches Market is fragmented with key players such as Rockwell Automation, Idem Safety Switches Limited, Euchner, ABB Ltd., and Eaton; these companies are investing in research and development and driving the market to make a strong position in the industry.

• Feb 2021 - Idem Safety Switches released a new product, New IP69K Emergency Stop, designed for strict washdown environments. The body is constructed using 316-grade stainless steel with a mirror-polished finish. The curved design reduces the likelihood of contaminating the building up. Should for any reason the button get damaged and fall into the supply chain, the material is X-Ray detectable.
• July 2021 - Eaton announced the global launch of the 9PX lithium-ion uninterruptible power supply (UPS). Building on its leadership in delivering innovative lithium-ion battery capabilities in backup power solutions, Eaton’s new UPS provides longer battery life and a smaller footprint than valve-regulated lead-acid (VRLA) battery-powered UPS technology, making it ideal for distributed, “edge” environments and light industrial applications ranging from healthcare to education.
• July 2021 - Rockwell Automation, Inc. announced a partnership with Kezzler AS, cloud-based product digitization and traceability platform, to help manufacturers capture the journey of their products from raw material sources to point-of-sale or beyond using cloud-based supply chain solutions that focus on product traceability.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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