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Download Free sampleSafety Relays are devices that implement safety functions. In the event of a hazard, a safety relay will work to reduce to risk to an acceptable level. When an error occurs, the safety relay will initiate a safe and reliable response. Each safety relay monitors a specific function. By connecting them to other safety relays, one can achieve total monitoring of a machine or plant.
Safety Relays Market contains market size and forecasts of Safety Relays in global, including the following market information:
Global Safety Relays Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Safety Relays Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Safety Relays companies in 2021 (%)
The global Safety Relays market was valued at 568.2 million in 2021 and is projected to reach US$ 715.6 million by 2028, at a CAGR of 3.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Electromechanical Relay Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Safety Relays include Pilz, Omron, Schmersal, Phoenix Contact, Rockwell Automation, Schneider Electric, ABB, Eaton and Siemens, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Safety Relays manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Safety Relays Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Safety Relays Market Segment Percentages, by Type, 2021 (%)
Electromechanical Relay
Solid State Relay
Thermal Relay
Global Safety Relays Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Safety Relays Market Segment Percentages, by Application, 2021 (%)
Machine Industry
Automobile
Others
Global Safety Relays Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Safety Relays Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Safety Relays revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Safety Relays revenues share in global market, 2021 (%)
Key companies Safety Relays sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Safety Relays sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Pilz
Omron
Schmersal
Phoenix Contact
Rockwell Automation
Schneider Electric
ABB
Eaton
Siemens
Wieland
IDEC
Sick
Dold
Banner Engineering
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