Safety Connection Devices Market
Segments - by Product Types (Cables and Cords, Connectors, and Gateways, Safety Wiring Systems, Adaptors, Relays, T-Couplers, and Distribution Box), End-users (Automotive, Manufacturing, Healthcare, Energy, Industrial, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global safety connection devices market size is anticipated to expand at a considerable CAGR of 7.3% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing regulations pertaining to improvement safety standards in the workplace and growing demand from developing nations.
The safety connection devices are complete integrated wiring solutions dedicated towards safety of machines. They provide flexible and reliable connections between safety interlock switches, cable pull switches, safety relays, and e-stops. These devices make communication between diverse types of machines better while helping to surge personal safety. These devices also confirm secure broadcast and processing of safety-relevant analogue and digital data.
A safety relay, during a hazardous situation or an event will work to lower the danger to a tolerable level. When an error occurs, the safety relay will start a safe and consistent response. Individually, the safety relay monitors a precise function. By linking them to additional safety relays, one can attain total monitoring of a plant or machine.
Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for automation among various end-users and increasing requirements for reliable and high-quality safety mechanisms are projected to drive the market expansion in the coming years.
- Rapid growth of the automotive sector and growing regulations favoring the adoption of safety connection devices in developing regions around the globe are key factors spurring the market growth during the forecast period.
- High cost associated with procurement and maintenance of these devices are expected to hamper the market expansion in the coming years.
- Lack of awareness attributed towards the applications of safety connection devices is estimated to impede the market growth during the forecast period.
- R&D investment and technological advancement are anticipated to create significant opportunities for the market players.
Scope of the Report
The report on the global safety connections devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Safety Connections Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Product Types (Cables and Cords, Connectors, and Gateways, Safety Wiring Systems, Adaptors, Relays, T-Couplers, and Distribution Box), End-users (Automotive, Manufacturing, Healthcare, Energy, Industrial, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Rockwell Automation Inc., ABB Ltd, Advantech Co. Ltd, Siemens AG, Electro Systems, Solomon Technology, ND Electric, Bihl+Wiedemann GmbH. |
Global Safety Connection Devices Market Segment Insights
Safety Wiring Systems segment is projected to account for key market share
Based of product types, the global connection safety devices market is segmented into cables and cords, connectors, and gateways, safety wiring systems, adaptors, relays, t-couplers, and distribution box. The safety wiring systems segment is anticipated to represent key market share during forecast period owing to increased demand from various end-user industries to meet the workplace safety regulations. On the other hand, the cable and cords segment is estimated to expand at a significant CAGR in the coming years due to rising requirements from emerging economies world-wide.
Automotive industry is anticipated to exhibit high CAGR
In terms of end-users, the global safety connections devices market is segregated into automotive, manufacturing, healthcare, energy, industrial, and others. The automotive industry is projected to grow at a significant CAGR during the forecast period. The segment growth is attributed to growing demand for automobiles globally which is making companies to push towards automated systems to increase the productivity and efficiency of the existing plants. There has been substantial increase in the number of industrial robots and automation which creates need for integrating these systems with centralized controllers. The automotive industry is actively adopting and deploying safety connection devices which is expected to propel the market expansion at a considerable pace.
Asia Pacific is expected to dominate the market
On the basis of regions, the global safety connection devices market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to increasing adoption of automation by different industries which is adding to complexity in operating these machines effectively. To tackle this challenge industries started adopting safety connection devices for more secure and reliable operations in the workplaces. Asia Pacific has presence of larger number of domestic and international manufacturing companies due to rapid industrialization and urbanization which is projected to push the market expansion during the forecast period.
Segments
Segments Covered in the Global Safety Connection Devices Market Report
Product Types
- Cables and Cords
- Connectors
- Gateways
- Safety Wiring Systems
- Adaptors
- Relays
- T-Couplers
- Distribution Box
End-users
- Automotive
- Manufacturing
- Healthcare
- Energy
- Industrial
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Rockwell Automation Inc.
- ABB Ltd, Advantech Co. Ltd
- Siemens AG
- Electro Systems
- Solomon Technology
- ND Electric
- Bihl+Wiedemann GmbH
Competitive Landscape
Key players competing in the global safety connection devices Rockwell Automation Inc., ABB Ltd, Advantech Co. Ltd, Siemens AG, Electro Systems, Solomon Technology, and ND Electric, Bihl+Wiedemann GmbH.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Safety Connection Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Safety Connection Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Safety Connection Devices Market - Supply Chain
4.5. Global Safety Connection Devices Market Forecast
4.5.1. Safety Connection Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Safety Connection Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Safety Connection Devices Market Absolute $ Opportunity
5. Global Safety Connection Devices Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Safety Connection Devices Market Size and Volume Forecast by Types
5.3.1. Cables and Cords
5.3.2. Connectors
5.3.3. Gateways
5.3.4. Safety Wiring Systems
5.3.5. Adaptors
5.3.6. Relays
5.3.7. T-Couplers
5.3.8. Distribution Box
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Safety Connection Devices Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Safety Connection Devices Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Safety Connection Devices Demand Share Forecast, 2019-2026
7. North America Safety Connection Devices Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Safety Connection Devices Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Safety Connection Devices Market Size and Volume Forecast by Types
7.4.1. Cables and Cords
7.4.2. Connectors
7.4.3. Gateways
7.4.4. Safety Wiring Systems
7.4.5. Adaptors
7.4.6. Relays
7.4.7. T-Couplers
7.4.8. Distribution Box
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Safety Connection Devices Demand Share Forecast, 2019-2026
8. Latin America Safety Connection Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Safety Connection Devices Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Safety Connection Devices Market Size and Volume Forecast by Types
8.4.1. Cables and Cords
8.4.2. Connectors
8.4.3. Gateways
8.4.4. Safety Wiring Systems
8.4.5. Adaptors
8.4.6. Relays
8.4.7. T-Couplers
8.4.8. Distribution Box
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Safety Connection Devices Demand Share Forecast, 2019-2026
9. Europe Safety Connection Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Safety Connection Devices Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Safety Connection Devices Market Size and Volume Forecast by Types
9.4.1. Cables and Cords
9.4.2. Connectors
9.4.3. Gateways
9.4.4. Safety Wiring Systems
9.4.5. Adaptors
9.4.6. Relays
9.4.7. T-Couplers
9.4.8. Distribution Box
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Safety Connection Devices Demand Share Forecast, 2019-2026
10. Asia Pacific Safety Connection Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Safety Connection Devices Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Safety Connection Devices Market Size and Volume Forecast by Types
10.4.1. Cables and Cords
10.4.2. Connectors
10.4.3. Gateways
10.4.4. Safety Wiring Systems
10.4.5. Adaptors
10.4.6. Relays
10.4.7. T-Couplers
10.4.8. Distribution Box
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Safety Connection Devices Demand Share Forecast, 2019-2026
11. Middle East & Africa Safety Connection Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Safety Connection Devices Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Safety Connection Devices Market Size and Volume Forecast by Types
11.4.1. Cables and Cords
11.4.2. Connectors
11.4.3. Gateways
11.4.4. Safety Wiring Systems
11.4.5. Adaptors
11.4.6. Relays
11.4.7. T-Couplers
11.4.8. Distribution Box
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Safety Connection Devices Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Safety Connection Devices Market: Market Share Analysis
12.2. Safety Connection Devices Distributors and Customers
12.3. Safety Connection Devices Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Rockwell Automation Inc.
12.4.2. ABB Ltd, Advantech Co. Ltd
12.4.3. Siemens AG
12.4.4. Electro Systems
12.4.5. Solomon Technology
12.4.6. ND Electric
12.4.7. Bihl+Wiedemann GmbH
2. Assumptions and Acronyms Used
3. Research Methodology
4. Safety Connection Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Safety Connection Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Safety Connection Devices Market - Supply Chain
4.5. Global Safety Connection Devices Market Forecast
4.5.1. Safety Connection Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Safety Connection Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Safety Connection Devices Market Absolute $ Opportunity
5. Global Safety Connection Devices Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Safety Connection Devices Market Size and Volume Forecast by Types
5.3.1. Cables and Cords
5.3.2. Connectors
5.3.3. Gateways
5.3.4. Safety Wiring Systems
5.3.5. Adaptors
5.3.6. Relays
5.3.7. T-Couplers
5.3.8. Distribution Box
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Safety Connection Devices Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Safety Connection Devices Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Safety Connection Devices Demand Share Forecast, 2019-2026
7. North America Safety Connection Devices Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Safety Connection Devices Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Safety Connection Devices Market Size and Volume Forecast by Types
7.4.1. Cables and Cords
7.4.2. Connectors
7.4.3. Gateways
7.4.4. Safety Wiring Systems
7.4.5. Adaptors
7.4.6. Relays
7.4.7. T-Couplers
7.4.8. Distribution Box
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Safety Connection Devices Demand Share Forecast, 2019-2026
8. Latin America Safety Connection Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Safety Connection Devices Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Safety Connection Devices Market Size and Volume Forecast by Types
8.4.1. Cables and Cords
8.4.2. Connectors
8.4.3. Gateways
8.4.4. Safety Wiring Systems
8.4.5. Adaptors
8.4.6. Relays
8.4.7. T-Couplers
8.4.8. Distribution Box
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Safety Connection Devices Demand Share Forecast, 2019-2026
9. Europe Safety Connection Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Safety Connection Devices Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Safety Connection Devices Market Size and Volume Forecast by Types
9.4.1. Cables and Cords
9.4.2. Connectors
9.4.3. Gateways
9.4.4. Safety Wiring Systems
9.4.5. Adaptors
9.4.6. Relays
9.4.7. T-Couplers
9.4.8. Distribution Box
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Safety Connection Devices Demand Share Forecast, 2019-2026
10. Asia Pacific Safety Connection Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Safety Connection Devices Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Safety Connection Devices Market Size and Volume Forecast by Types
10.4.1. Cables and Cords
10.4.2. Connectors
10.4.3. Gateways
10.4.4. Safety Wiring Systems
10.4.5. Adaptors
10.4.6. Relays
10.4.7. T-Couplers
10.4.8. Distribution Box
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Safety Connection Devices Demand Share Forecast, 2019-2026
11. Middle East & Africa Safety Connection Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Safety Connection Devices Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Safety Connection Devices Market Size and Volume Forecast by Types
11.4.1. Cables and Cords
11.4.2. Connectors
11.4.3. Gateways
11.4.4. Safety Wiring Systems
11.4.5. Adaptors
11.4.6. Relays
11.4.7. T-Couplers
11.4.8. Distribution Box
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Safety Connection Devices Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Safety Connection Devices Market: Market Share Analysis
12.2. Safety Connection Devices Distributors and Customers
12.3. Safety Connection Devices Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Rockwell Automation Inc.
12.4.2. ABB Ltd, Advantech Co. Ltd
12.4.3. Siemens AG
12.4.4. Electro Systems
12.4.5. Solomon Technology
12.4.6. ND Electric
12.4.7. Bihl+Wiedemann GmbH
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