Global Safety Relays and Timers Market – Industry Analysis and Forecast (2023-2029)


Global Safety Relays and Timers Market are expected to reach US$ 3.54 Bn by 2029 from US$ 2.05 Bn in 2022 at CAGR of 8.11%.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Safety Relays and Timers MarketTo know about the Research Methodology:-Request Free Sample Report

Global industrial safety relays and timer’s market report consists of various multinational and local vendors. Some vendors’ offer both safety relays and timers and the market also has vendors who exclusively offer safety relays or timers.

Major drivers for safety relays and timers market are growing the use of smart and programmable timers. There have been technological advances inside electronic timers. These advanced timers recommend smart operations with developed control and monitoring functions. The key benefit that these timers offer is that they can be operated within a wider temperature range, making it easy to use them under harsh environmental conditions. Increase in use of safety PLCs over safety relays is the challenge of safety relays and timers market.

Single-Function Safety segment is leading the global industrial safety relays and timer’s market during the forecast period. The single-function safety relays are mainly economical when compared to the modular & configurable safety relays. The manufacturers are preferred for smaller machines that need to dedicated logic devices to complete the safety functions.

Chemical and petrochemical industry is the major end-user to the global industrial safety relays and timers market. Factors such as the rising usage of industrial relays and timers for applications such as storage and pumping, the availability of modular and configurable monitoring safety relays will contribute to the growth of this industry segment in the upcoming years.

On the basis of region Global Safety Relays and Timers Market divided into five regions such as Asia Pacific, North America, Europe, Latin America, and Middle East Africa. Among all the regions, the North America had the XX% market share in 2018 and is projected to lead the market during the forecast period, Because of increasing use of safety relays and timer devices in the oil and gas, chemical and petrochemical industries and high mandate in the automotive and food and beverage industries in the US will drive the market growth in North America region.

Global industrial safety relays and timer’s market report covers various multinational and local vendors. Key players operating in Global safety relays and timers market, ABB, EATON, Rockwell Automation, Schneider Electric, Siemens, Euchner-USA, Panasonic Electric Works, Pilz, SICK, Yokogawa Electric.

The objective of the report is to present comprehensive analysis of Global Safety Relays and Timers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report.

External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Global Safety Relays and Timers Market dynamics, structure by analyzing the market segments, and project the Global Safety Relays and Timers Market size. Clear representation of competitive analysis of key players by A Global Safety Relays and Timers Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Safety Relays and Timers Market make the report investor’s guide.

Scope of Global Safety Relays and Timers Market: Inquire before buying






Global Safety Relays and Timers Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.05 Bn.




Forecast Period 2023 to 2029 CAGR:
8.11%
Market Size in 2029:
US $ 3.54 Bn.




 Segments Covered:
by Application
Automotive
Energy & Power
Chemical and petrochemical industry
Manufacturing
Pharmaceutical




by Type
Single Function Safety Relays
Modular and Configurable Safety Relays






Global Safety Relays and Timers Market, By Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Key players operating in Global Safety Relays and Timers Market

1. ABB
2. EATON
3. Rockwell Automation
4. Schneider Electric
5. Siemens
6. Euchner-USA
7. Panasonic Electric Works
8. Yokogawa Electric.
9. Altech Corp.
10.Pilz GmbH & Co. KG
11.SICK AG
12.TE Connectivity
13.OMRON Industrial Automation
14.Phoenix
15.Littelfues
16.Teledyne Relays
17.Hengstler GmbH
18.Crouzet

Frequently Asked Questions:

1] What segments are covered in the Global Safety Relays and Timers Market report?
Ans. The segments covered in the Market report are based on Type, Application

2] What is the growth rate of Global Safety Relays and Timers Market?
Ans: The Global Market is growing at a CAGR of 8.11% during forecasting period 2023-2029.

3] What is the forecast period for the Global Market?
Ans. The forecast period for the Global Market is 2023-2029

4] What is the market size of the Global Market by 2029?
Ans. The market size of the Global Market by 2029 is expected to reach US$ 3.54 Bn.

5] What is the study period of this Market?
Ans: The Global Safety Relays and Timers Market is studied from 2022 to 2029. 





Global Safety Relays and Timers Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Safety Relays and Timers Market Size, by Market Value (US$ Bn) and Volume (US$ Units)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Global Safety Relays and Timers Market Industry Trends

5. Supply Side and Demand Side Indicators

6. Global Safety Relays and Timers Market Analysis and Forecast
6.1. Global Safety Relays and Timers Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Safety Relays and Timers Market Analysis and Forecast, by Type
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Safety Relays and Timers Market Value Share Analysis, by Type
7.4. Global Safety Relays and Timers Market Size (US$ Bn) Forecast, by Type
7.5. Global Safety Relays and Timers Market Analysis, by Type
7.6. Global Safety Relays and Timers Market Attractiveness Analysis, by Type

8. Global Safety Relays and Timers Market Analysis and Forecast, by Application
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Safety Relays and Timers Market Value Share Analysis, by Application
8.4. Global Safety Relays and Timers Market Size (US$ Bn) Forecast, by Application
8.5. Global Safety Relays and Timers Market Analysis, by Application
8.6. Global Safety Relays and Timers Market Attractiveness Analysis, by Application

9. Global Safety Relays and Timers Market Analysis, by Region
9.1. Global Safety Relays and Timers Market Value Share Analysis, by Region
9.2. Global Safety Relays and Timers Market Size (US$ Bn) Forecast, by Region
9.3. Global Safety Relays and Timers Market Attractiveness Analysis, by Region

10. North America Safety Relays and Timers Market Analysis
10.1. Key Findings
10.2. North America Safety Relays and Timers Market Overview
10.3. North America Safety Relays and Timers Market Value Share Analysis, by Type
10.4. North America Safety Relays and Timers Market Forecast, by Type
10.4.1. Single Function Safety Relays
10.4.2. Modular and Configurable Safety Relays
10.5. North America Safety Relays and Timers Market Value Share Analysis, by Application
10.6. North America Safety Relays and Timers Market Forecast, by Application
10.6.1. Automotive
10.6.2. Energy & Power
10.6.3. Chemical and Petrochemical Industry
10.6.4. Manufacturing
10.6.5. Pharmaceutical
10.6.6. Others
10.7. North America Safety Relays and Timers Market Value Share Analysis, by Country
10.8. North America Safety Relays and Timers Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.9. North America Safety Relays and Timers Market Analysis, by Country
10.10. U.S. Safety Relays and Timers Market Forecast, by Type
10.10.1. Single Function Safety Relays
10.10.2. Modular and Configurable Safety Relays
10.11. U.S. Safety Relays and Timers Market Forecast, by Application
10.11.1. Automotive
10.11.2. Energy & Power
10.11.3. Chemical and Petrochemical Industry
10.11.4. Manufacturing
10.11.5. Pharmaceutical
10.11.6. Others
10.12. Canada Safety Relays and Timers Market Forecast, by Type
10.12.1. Single Function Safety Relays
10.12.2. Modular and Configurable Safety Relays
10.13. Canada Safety Relays and Timers Market Forecast, by Application
10.13.1. Automotive
10.13.2. Energy & Power
10.13.3. Chemical and Petrochemical Industry
10.13.4. Manufacturing
10.13.5. Pharmaceutical
10.13.6. Others
10.14. North America Safety Relays and Timers Market Attractiveness Analysis
10.14.1. By Type
10.14.2. By Application
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Developments

11. Europe Safety Relays and Timers Market Analysis
11.1. Key Findings
11.2. Europe Safety Relays and Timers Market Overview
11.3. Europe Safety Relays and Timers Market Value Share Analysis, by Type
11.4. Europe Safety Relays and Timers Market Forecast, by Type
11.4.1. Single Function Safety Relays
11.4.2. Modular and Configurable Safety Relays
11.5. Europe Safety Relays and Timers Market Value Share Analysis, by Application
11.6. Europe Safety Relays and Timers Market Forecast, by Application
11.6.1. Automotive
11.6.2. Energy & Power
11.6.3. Chemical and Petrochemical Industry
11.6.4. Manufacturing
11.6.5. Pharmaceutical
11.6.6. Others
11.7. Europe Safety Relays and Timers Market Value Share Analysis, by Country
11.8. Europe Safety Relays and Timers Market Forecast, by Country
11.8.1. Germany
11.8.2. U.K.
11.8.3. France
11.8.4. Italy
11.8.5. Spain
11.8.6. Rest of Europe
11.9. Europe Safety Relays and Timers Market Analysis, by Country
11.10. Germany Safety Relays and Timers Market Forecast, by Type
11.10.1. Single Function Safety Relays
11.10.2. Modular and Configurable Safety Relays
11.11. Germany Safety Relays and Timers Market Forecast, by Application
11.11.1. Automotive
11.11.2. Energy & Power
11.11.3. Chemical and Petrochemical Industry
11.11.4. Manufacturing
11.11.5. Pharmaceutical
11.11.6. Others
11.12. U.K. Safety Relays and Timers Market Forecast, by Type
11.12.1. Single Function Safety Relays
11.12.2. Modular and Configurable Safety Relays
11.13. U.K. Safety Relays and Timers Market Forecast, by Application
11.13.1. Automotive
11.13.2. Energy & Power
11.13.3. Chemical and Petrochemical Industry
11.13.4. Manufacturing
11.13.5. Pharmaceutical
11.13.6. Others
11.14. France Safety Relays and Timers Market Forecast, by Type
11.14.1. Single Function Safety Relays
11.14.2. Modular and Configurable Safety Relays
11.15. France Safety Relays and Timers Market Forecast, by Application
11.15.1. Automotive
11.15.2. Energy & Power
11.15.3. Chemical and Petrochemical Industry
11.15.4. Manufacturing
11.15.5. Pharmaceutical
11.15.6. Others
11.16. Italy Safety Relays and Timers Market Forecast, by Type
11.16.1. Single Function Safety Relays
11.16.2. Modular and Configurable Safety Relays
11.17. Italy Safety Relays and Timers Market Forecast, by Application
11.17.1. Automotive
11.17.2. Energy & Power
11.17.3. Chemical and Petrochemical Industry
11.17.4. Manufacturing
11.17.5. Pharmaceutical
11.17.6. Others
11.18. Spain Safety Relays and Timers Market Forecast, by Type
11.18.1. Single Function Safety Relays
11.18.2. Modular and Configurable Safety Relays
11.19. Spain Safety Relays and Timers Market Forecast, by Application
11.19.1. Automotive
11.19.2. Energy & Power
11.19.3. Chemical and Petrochemical Industry
11.19.4. Manufacturing
11.19.5. Pharmaceutical
11.19.6. Others
11.20. Rest of Europe Safety Relays and Timers Market Forecast, by Type
11.20.1. Single Function Safety Relays
11.20.2. Modular and Configurable Safety Relays
11.21. Rest Of Europe Safety Relays and Timers Market Forecast, by Application
11.21.1. Automotive
11.21.2. Energy & Power
11.21.3. Chemical and Petrochemical Industry
11.21.4. Manufacturing
11.21.5. Pharmaceutical
11.21.6. Others
11.22. Europe Safety Relays and Timers Market Attractiveness Analysis
11.22.1. By Type
11.22.2. By Application
11.23. PEST Analysis
11.24. Key Trends
11.25. Key Developments

12. Asia Pacific Safety Relays and Timers Market Analysis
12.1. Key Findings
12.2. Asia Pacific Safety Relays and Timers Market Overview
12.3. Asia Pacific Safety Relays and Timers Market Value Share Analysis, by Type
12.4. Asia Pacific Safety Relays and Timers Market Forecast, by Type
12.4.1. Single Function Safety Relays
12.4.2. Modular and Configurable Safety Relays
12.5. Asia Pacific Safety Relays and Timers Market Value Share Analysis, by Application
12.6. Asia Pacific Safety Relays and Timers Market Forecast, by Application
12.6.1. Automotive
12.6.2. Energy & Power
12.6.3. Chemical and Petrochemical Industry
12.6.4. Manufacturing
12.6.5. Pharmaceutical
12.6.6. Others
12.7. Asia Pacific Safety Relays and Timers Market Value Share Analysis, by Country
12.8. Asia Pacific Safety Relays and Timers Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. ASEAN
12.8.5. Rest of Asia Pacific
12.9. Asia Pacific Safety Relays and Timers Market Analysis, by Country
12.10. China Safety Relays and Timers Market Forecast, by Type
12.10.1. Single Function Safety Relays
12.10.2. Modular and Configurable Safety Relays
12.11. China Safety Relays and Timers Market Forecast, by Application
12.11.1. Automotive
12.11.2. Energy & Power
12.11.3. Chemical and Petrochemical Industry
12.11.4. Manufacturing
12.11.5. Pharmaceutical
12.11.6. Others
12.12. India Safety Relays and Timers Market Forecast, by Type
12.12.1. Single Function Safety Relays
12.12.2. Modular and Configurable Safety Relays
12.13. India Safety Relays and Timers Market Forecast, by Application
12.13.1. Automotive
12.13.2. Energy & Power
12.13.3. Chemical and Petrochemical Industry
12.13.4. Manufacturing
12.13.5. Pharmaceutical
12.13.6. Others
12.14. Japan Safety Relays and Timers Market Forecast, by Type
12.14.1. Single Function Safety Relays
12.14.2. Modular and Configurable Safety Relays
12.15. Japan Safety Relays and Timers Market Forecast, by Application
12.15.1. Automotive
12.15.2. Energy & Power
12.15.3. Chemical and Petrochemical Industry
12.15.4. Manufacturing
12.15.5. Pharmaceutical
12.15.6. Others
12.16. ASEAN Safety Relays and Timers Market Forecast, by Type
12.16.1. Single Function Safety Relays
12.16.2. Modular and Configurable Safety Relays
12.17. ASEAN Safety Relays and Timers Market Forecast, by Application
12.17.1. Automotive
12.17.2. Energy & Power
12.17.3. Chemical and Petrochemical Industry
12.17.4. Manufacturing
12.17.5. Pharmaceutical
12.17.6. Others
12.18. Rest of Asia Pacific Safety Relays and Timers Market Forecast, by Type
12.18.1. Single Function Safety Relays
12.18.2. Modular and Configurable Safety Relays
12.19. Rest of Asia Pacific Safety Relays and Timers Market Forecast, by Application
12.19.1. Automotive
12.19.2. Energy & Power
12.19.3. Chemical and Petrochemical Industry
12.19.4. Manufacturing
12.19.5. Pharmaceutical
12.19.6. Others
12.20. Asia Pacific Safety Relays and Timers Market Attractiveness Analysis
12.20.1. By Type
12.20.2. By Application
12.21. PEST Analysis
12.22. Key Trends
12.23. Key Developments

13. Middle East & Africa Safety Relays and Timers Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Safety Relays and Timers Market Overview
13.3. Middle East & Africa Safety Relays and Timers Market Value Share Analysis, by Type
13.4. Middle East & Africa Safety Relays and Timers Market Forecast, by Type
13.4.1. Single Function Safety Relays
13.4.2. Modular and Configurable Safety Relays
13.5. Middle East & Africa Safety Relays and Timers Market Value Share Analysis, by Application
13.6. Middle East & Africa Safety Relays and Timers Market Forecast, by Application
13.6.1. Automotive
13.6.2. Energy & Power
13.6.3. Chemical and Petrochemical Industry
13.6.4. Manufacturing
13.6.5. Pharmaceutical
13.6.6. Others
13.7. Middle East & Africa Safety Relays and Timers Market Value Share Analysis, by Country
13.8. Middle East & Africa Safety Relays and Timers Market Forecast, by Country
13.8.1. GCC
13.8.2. South Africa
13.8.3. Rest of Middle East & Africa
13.9. Middle East & Africa Safety Relays and Timers Market Analysis, by Country
13.10. GCC Safety Relays and Timers Market Forecast, by Type
13.10.1. Single Function Safety Relays
13.10.2. Modular and Configurable Safety Relays
13.11. GCC Safety Relays and Timers Market Forecast, by Application
13.11.1. Automotive
13.11.2. Energy & Power
13.11.3. Chemical and Petrochemical Industry
13.11.4. Manufacturing
13.11.5. Pharmaceutical
13.11.6. Others
13.12. South Africa Safety Relays and Timers Market Forecast, by Type
13.12.1. Single Function Safety Relays
13.12.2. Modular and Configurable Safety Relays
13.13. South Africa Safety Relays and Timers Market Forecast, by Application
13.13.1. Automotive
13.13.2. Energy & Power
13.13.3. Chemical and Petrochemical Industry
13.13.4. Manufacturing
13.13.5. Pharmaceutical
13.13.6. Others
13.14. Rest of Middle East & Africa Safety Relays and Timers Market Forecast, by Type
13.14.1. Single Function Safety Relays
13.14.2. Modular and Configurable Safety Relays
13.15. Rest of Middle East & Africa Safety Relays and Timers Market Forecast, by Application
13.15.1. Automotive
13.15.2. Energy & Power
13.15.3. Chemical and Petrochemical Industry
13.15.4. Manufacturing
13.15.5. Pharmaceutical
13.15.6. Others
13.16. Middle East & Africa Safety Relays and Timers Market Attractiveness Analysis
13.16.1. By Type
13.16.2. By Application
13.17. PEST Analysis
13.18. Key Trends
13.19. Key Developments

14. South America Safety Relays and Timers Market Analysis
14.1. Key Findings
14.2. South America Safety Relays and Timers Market Overview
14.3. South America Safety Relays and Timers Market Value Share Analysis, by Type
14.4. South America Safety Relays and Timers Market Forecast, by Type
14.4.1. Single Function Safety Relays
14.4.2. Modular and Configurable Safety Relays
14.5. South America Safety Relays and Timers Market Value Share Analysis, by Application
14.6. South America Safety Relays and Timers Market Forecast, by Application
14.6.1. Automotive
14.6.2. Energy & Power
14.6.3. Chemical and Petrochemical Industry
14.6.4. Manufacturing
14.6.5. Pharmaceutical
14.6.6. Others
14.7. South America Safety Relays and Timers Market Value Share Analysis, by Country
14.8. South America Safety Relays and Timers Market Forecast, by Country
14.8.1. Brazil
14.8.2. Mexico
14.8.3. Rest of South America
14.9. South America Safety Relays and Timers Market Analysis, by Country
14.10. Brazil Safety Relays and Timers Market Forecast, by Type
14.10.1. Single Function Safety Relays
14.10.2. Modular and Configurable Safety Relays
14.11. Brazil Safety Relays and Timers Market Forecast, by Application
14.11.1. Automotive
14.11.2. Energy & Power
14.11.3. Chemical and Petrochemical Industry
14.11.4. Manufacturing
14.11.5. Pharmaceutical
14.11.6. Others
14.12. Mexico Safety Relays and Timers Market Forecast, by Type
14.12.1. Single Function Safety Relays
14.12.2. Modular and Configurable Safety Relays
14.13. Mexico Safety Relays and Timers Market Forecast, by Application
14.13.1. Automotive
14.13.2. Energy & Power
14.13.3. Chemical and Petrochemical Industry
14.13.4. Manufacturing
14.13.5. Pharmaceutical
14.13.6. Others
14.14. Rest of South America Safety Relays and Timers Market Forecast, by Type
14.14.1. Single Function Safety Relays
14.14.2. Modular and Configurable Safety Relays
14.15. Rest of South America Safety Relays and Timers Market Forecast, by Application
14.15.1. Automotive
14.15.2. Energy & Power
14.15.3. Chemical and Petrochemical Industry
14.15.4. Manufacturing
14.15.5. Pharmaceutical
14.15.6. Others
14.16. South America Safety Relays and Timers Market Attractiveness Analysis
14.16.1. By Type
14.16.2. By Application
14.17. PEST Analysis
14.18. Key Trends
14.19. Key Developments

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A by Regions, Investment and Applications
15.2.3.2. M&A Key Players, Forward Integration and Backward
Integration
15.3. Company Profiles: Key Players
15.3.1. Panasonic Electric Works
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
15.3.1.6. Manufacturing Footprint
15.3.2. ABB
15.3.3. EATON
15.3.4. Rockwell Automation
15.3.5. Schneider Electric
15.3.6. Siemens
15.3.7. Euchner-USA
15.3.8. Pilz
15.3.9. SICK
15.3.10. Yokogawa Electric.
15.3.11. Altech Corp.
15.3.12. TE Connectivity
15.3.13. OMRON Industrial Automation
15.3.14. Phoenix
15.3.15. Littelfues
15.3.16. Teledyne Relays
15.3.17. Hengstler GmbH
15.3.18. Crouzet
15.3.19. Altech

16. Primary Key Insights
  • INQUIRE BEFORE BUYING