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Modular Safety Relay-Global Market Insights and Sales Trends 2024

Modular Safety Relay-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1872376

No of Pages : 119

Synopsis
A modular safety relay is an intelligent electronic device designed specifically for use in industrial control systems (ICS) implementing functional safety principles aimed at mitigating potential dangers inherently present in high-risk processes involving human injury or property damage scenarios, where failure modes must be detected promptly triggering protective actions averting catastrophic accidents while maintaining normal system operation when possible during other instances.
The global Modular Safety Relay market size is expected to reach US$ 271.6 million by 2029, growing at a CAGR of 4.8% from 2023 to 2029. The market is mainly driven by the significant applications of Modular Safety Relay in various end use industries. The expanding demands from the Factory Automation, Electricity and Utilities, Building Safety Control and Automotive, are propelling Modular Safety Relay market. Single Channel Modular Safety Relay, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Dual Channel Modular Safety Relay segment is estimated at % CAGR for the next seven-year period.
The modular safety relay market has seen steady growth in recent years due to the increasing demand for functional safety in industrial applications across various sectors such as automotive, oil & gas, mining, chemical processing, and power generation plants. This trend can be attributed to rising concerns regarding worker safety and plant efficiency, coupled with stricter regulatory frameworks like OSHA in the United States requiring companies to adhere to strict safety standards.
Moreover, technological advancements have made it easier for manufacturers to produce cost-effective and compact modular safety relays featuring advanced networking capabilitieThese features allow operators to monitor and manage safety functions remotely through a centralized platform, streamlining maintenance efforts and reducing downtime associated with manual interventions.
In terms of regional demand, North America and Europe account for significant shares of the modular safety relay market owing to stringent regulations and strong emphasis on worker safety. However, Asia Pacific has experienced rapid expansion due to growing infrastructure development projects and increased focus on industrial safety practices among emerging economies like China, India, and South Korea.
Overall, the global modular safety relay market will continue to experience robust growth in the upcoming years as more companies adopt these devices to ensure the highest levels of safety and productivity in their facilities. Key players include Schneider Electric, Rockwell Automation, and Siemens, who offer comprehensive product portfolios and services catering to diverse industry verticals worldwide.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Modular Safety Relay, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Modular Safety Relay market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Modular Safety Relay market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Modular Safety Relay sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Modular Safety Relay covered in this report include Phoenix, Finder, Panasonic, Schneider Electric, IDEC Corporation, Dold, Eaton, Honeywell and Sharp Control, etc.
The global Modular Safety Relay market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Phoenix
Finder
Panasonic
Schneider Electric
IDEC Corporation
Dold
Eaton
Honeywell
Sharp Control
Rockwell Automation
Hongfa
WAGO
Steute Technologies
Schmersal
Siemens
Global Modular Safety Relay market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Modular Safety Relay market, Segment by Type:
Single Channel Modular Safety Relay
Dual Channel Modular Safety Relay
Global Modular Safety Relay market, by Application
Factory Automation
Electricity and Utilities
Building Safety Control
Automotive
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Modular Safety Relay manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Modular Safety Relay in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Modular Safety Relay Market Overview
1.1 Modular Safety Relay Product Overview
1.2 Modular Safety Relay Market Segment by Type
1.2.1 Single Channel Modular Safety Relay
1.2.2 Dual Channel Modular Safety Relay
1.3 Global Modular Safety Relay Market Size by Type
1.3.1 Global Modular Safety Relay Market Size Overview by Type (2018-2029)
1.3.2 Global Modular Safety Relay Historic Market Size Review by Type (2018-2023)
1.3.3 Global Modular Safety Relay Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Modular Safety Relay Sales Breakdown by Type (2018-2023)
1.4.2 Europe Modular Safety Relay Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Modular Safety Relay Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Modular Safety Relay Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Modular Safety Relay Sales Breakdown by Type (2018-2023)
2 Global Modular Safety Relay Market Competition by Company
2.1 Global Top Players by Modular Safety Relay Sales (2018-2023)
2.2 Global Top Players by Modular Safety Relay Revenue (2018-2023)
2.3 Global Top Players by Modular Safety Relay Price (2018-2023)
2.4 Global Top Manufacturers Modular Safety Relay Manufacturing Base Distribution, Sales Area, Product Type
2.5 Modular Safety Relay Market Competitive Situation and Trends
2.5.1 Modular Safety Relay Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Modular Safety Relay Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Modular Safety Relay as of 2022)
2.7 Date of Key Manufacturers Enter into Modular Safety Relay Market
2.8 Key Manufacturers Modular Safety Relay Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Modular Safety Relay Status and Outlook by Region
3.1 Global Modular Safety Relay Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Modular Safety Relay Historic Market Size by Region
3.2.1 Global Modular Safety Relay Sales in Volume by Region (2018-2023)
3.2.2 Global Modular Safety Relay Sales in Value by Region (2018-2023)
3.2.3 Global Modular Safety Relay Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Modular Safety Relay Forecasted Market Size by Region
3.3.1 Global Modular Safety Relay Sales in Volume by Region (2024-2029)
3.3.2 Global Modular Safety Relay Sales in Value by Region (2024-2029)
3.3.3 Global Modular Safety Relay Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Modular Safety Relay by Application
4.1 Modular Safety Relay Market Segment by Application
4.1.1 Factory Automation
4.1.2 Electricity and Utilities
4.1.3 Building Safety Control
4.1.4 Automotive
4.1.5 Others
4.2 Global Modular Safety Relay Market Size by Application
4.2.1 Global Modular Safety Relay Market Size Overview by Application (2018-2029)
4.2.2 Global Modular Safety Relay Historic Market Size Review by Application (2018-2023)
4.2.3 Global Modular Safety Relay Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Modular Safety Relay Sales Breakdown by Application (2018-2023)
4.3.2 Europe Modular Safety Relay Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Modular Safety Relay Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Modular Safety Relay Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Modular Safety Relay Sales Breakdown by Application (2018-2023)
5 North America Modular Safety Relay by Country
5.1 North America Modular Safety Relay Historic Market Size by Country
5.1.1 North America Modular Safety Relay Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Modular Safety Relay Sales in Volume by Country (2018-2023)
5.1.3 North America Modular Safety Relay Sales in Value by Country (2018-2023)
5.2 North America Modular Safety Relay Forecasted Market Size by Country
5.2.1 North America Modular Safety Relay Sales in Volume by Country (2024-2029)
5.2.2 North America Modular Safety Relay Sales in Value by Country (2024-2029)
6 Europe Modular Safety Relay by Country
6.1 Europe Modular Safety Relay Historic Market Size by Country
6.1.1 Europe Modular Safety Relay Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Modular Safety Relay Sales in Volume by Country (2018-2023)
6.1.3 Europe Modular Safety Relay Sales in Value by Country (2018-2023)
6.2 Europe Modular Safety Relay Forecasted Market Size by Country
6.2.1 Europe Modular Safety Relay Sales in Volume by Country (2024-2029)
6.2.2 Europe Modular Safety Relay Sales in Value by Country (2024-2029)
7 Asia-Pacific Modular Safety Relay by Region
7.1 Asia-Pacific Modular Safety Relay Historic Market Size by Region
7.1.1 Asia-Pacific Modular Safety Relay Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Modular Safety Relay Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Modular Safety Relay Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Modular Safety Relay Forecasted Market Size by Region
7.2.1 Asia-Pacific Modular Safety Relay Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Modular Safety Relay Sales in Value by Region (2024-2029)
8 Latin America Modular Safety Relay by Country
8.1 Latin America Modular Safety Relay Historic Market Size by Country
8.1.1 Latin America Modular Safety Relay Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Modular Safety Relay Sales in Volume by Country (2018-2023)
8.1.3 Latin America Modular Safety Relay Sales in Value by Country (2018-2023)
8.2 Latin America Modular Safety Relay Forecasted Market Size by Country
8.2.1 Latin America Modular Safety Relay Sales in Volume by Country (2024-2029)
8.2.2 Latin America Modular Safety Relay Sales in Value by Country (2024-2029)
9 Middle East and Africa Modular Safety Relay by Country
9.1 Middle East and Africa Modular Safety Relay Historic Market Size by Country
9.1.1 Middle East and Africa Modular Safety Relay Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Modular Safety Relay Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Modular Safety Relay Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Modular Safety Relay Forecasted Market Size by Country
9.2.1 Middle East and Africa Modular Safety Relay Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Modular Safety Relay Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Phoenix
10.1.1 Phoenix Company Information
10.1.2 Phoenix Introduction and Business Overview
10.1.3 Phoenix Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Phoenix Modular Safety Relay Products Offered
10.1.5 Phoenix Recent Development
10.2 Finder
10.2.1 Finder Company Information
10.2.2 Finder Introduction and Business Overview
10.2.3 Finder Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Finder Modular Safety Relay Products Offered
10.2.5 Finder Recent Development
10.3 Panasonic
10.3.1 Panasonic Company Information
10.3.2 Panasonic Introduction and Business Overview
10.3.3 Panasonic Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Panasonic Modular Safety Relay Products Offered
10.3.5 Panasonic Recent Development
10.4 Schneider Electric
10.4.1 Schneider Electric Company Information
10.4.2 Schneider Electric Introduction and Business Overview
10.4.3 Schneider Electric Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Schneider Electric Modular Safety Relay Products Offered
10.4.5 Schneider Electric Recent Development
10.5 IDEC Corporation
10.5.1 IDEC Corporation Company Information
10.5.2 IDEC Corporation Introduction and Business Overview
10.5.3 IDEC Corporation Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.5.4 IDEC Corporation Modular Safety Relay Products Offered
10.5.5 IDEC Corporation Recent Development
10.6 Dold
10.6.1 Dold Company Information
10.6.2 Dold Introduction and Business Overview
10.6.3 Dold Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Dold Modular Safety Relay Products Offered
10.6.5 Dold Recent Development
10.7 Eaton
10.7.1 Eaton Company Information
10.7.2 Eaton Introduction and Business Overview
10.7.3 Eaton Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Eaton Modular Safety Relay Products Offered
10.7.5 Eaton Recent Development
10.8 Honeywell
10.8.1 Honeywell Company Information
10.8.2 Honeywell Introduction and Business Overview
10.8.3 Honeywell Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Honeywell Modular Safety Relay Products Offered
10.8.5 Honeywell Recent Development
10.9 Sharp Control
10.9.1 Sharp Control Company Information
10.9.2 Sharp Control Introduction and Business Overview
10.9.3 Sharp Control Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Sharp Control Modular Safety Relay Products Offered
10.9.5 Sharp Control Recent Development
10.10 Rockwell Automation
10.10.1 Rockwell Automation Company Information
10.10.2 Rockwell Automation Introduction and Business Overview
10.10.3 Rockwell Automation Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Rockwell Automation Modular Safety Relay Products Offered
10.10.5 Rockwell Automation Recent Development
10.11 Hongfa
10.11.1 Hongfa Company Information
10.11.2 Hongfa Introduction and Business Overview
10.11.3 Hongfa Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Hongfa Modular Safety Relay Products Offered
10.11.5 Hongfa Recent Development
10.12 WAGO
10.12.1 WAGO Company Information
10.12.2 WAGO Introduction and Business Overview
10.12.3 WAGO Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.12.4 WAGO Modular Safety Relay Products Offered
10.12.5 WAGO Recent Development
10.13 Steute Technologies
10.13.1 Steute Technologies Company Information
10.13.2 Steute Technologies Introduction and Business Overview
10.13.3 Steute Technologies Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Steute Technologies Modular Safety Relay Products Offered
10.13.5 Steute Technologies Recent Development
10.14 Schmersal
10.14.1 Schmersal Company Information
10.14.2 Schmersal Introduction and Business Overview
10.14.3 Schmersal Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Schmersal Modular Safety Relay Products Offered
10.14.5 Schmersal Recent Development
10.15 Siemens
10.15.1 Siemens Company Information
10.15.2 Siemens Introduction and Business Overview
10.15.3 Siemens Modular Safety Relay Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Siemens Modular Safety Relay Products Offered
10.15.5 Siemens Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Modular Safety Relay Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Modular Safety Relay Industrial Chain Analysis
11.4 Modular Safety Relay Market Dynamics
11.4.1 Modular Safety Relay Industry Trends
11.4.2 Modular Safety Relay Market Drivers
11.4.3 Modular Safety Relay Market Challenges
11.4.4 Modular Safety Relay Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Modular Safety Relay Distributors
12.3 Modular Safety Relay Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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