DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Safety Relays and Timers Market - By Types, End Users, Regions and Vendors - Market Trends and Forecasts (2016 - 2021)" report to their offering.
Safety Relays help in checking and monitoring a safety system and allows the machine to either start or execute the commands to stop the machine. The upcoming designs of safety relays have made it capable of saving up on a lot of machine start up time as well as manual efforts. The Single-Function Safety Relays are most economical when compared to the modular & configurable safety relays. The former is preferred for smaller machines that require dedicated logic devices to complete the safety functions, while the latter is preferable where large and diverse safeguarding devices and minimal zone controls are required.
Safety Relays market is broadly segmented on the basis of types,end users and geography. On the basis of types, the Safety Relays Market has been segmented into Single-Function Safety Relays and Modular & Configurable Safety Relays. On the basis of its end users, its applications could be explained under segments such as Automotive, Energy & Power, Manufacturing, Pharmaceutical, Construction and more.
The key factors contributing to the growth of Global Safety Relays Market are Industry Safety Standards, Demand for Functional Safety, Need for Flexible Modular Designs, Integrated Functionality Requirements, Minimal Time & Labor Effort Requirements, and Cost-effective Systems.
Some of the market players mentioned in the report are Rockwell Automation, Siemens, ABB, SICK, IDEC and more.
- Industry Safety Standards
- Demand for Functional Safety
- Need for Flexible Modular Designs
- Integrated Functionality Requirements
- Minimal Time & Labor Effort Requirements
- Cost-effective Systems
- High Market Competition
- Complexity of Standards
- Technological Advancements
- Altech Corp.
- Crouzet Automation & Control
- DARE Electronics,Inc.
- ICM Controls
- OMRON Industrial Automation
- Rockwell Automation
- TE Connectivity
For more information about this report visit http://www.researchandmarkets.com/research/cv5q62/global_safety