LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors for the global safety switches market in their latest research report. To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market.
For calculating the demand for the safety switches, Technavio researchers have considered different types of safety switches used; their application sectors; the average replacement period of safety switches; demand from various geographical segments and the different market growth patterns in these geographies; and the application of safety switches in different application segments like the residential, commercial, and industrial sectors.
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“The US and the EU have introduced new energy policies and are bringing in new regulations regarding the replacement of the old power transmission systems with more energy-efficient and environment-friendly systems. These new regulations are likely to have an impact on safety switches manufacturers as they need to invest more in R&D to manufacture new safety switches that meet the technical specifications mandated in the new regulations,” said Gaurav Mohindru, one of Technavio’s lead research analysts for tools and components.
Top five leading vendors in the global safety switches market:
ABB
ABB was established in 1988 and is headquartered in Zurich, Switzerland. It provides automation and power technologies to diverse industries, including utilities, transport, infrastructure, and other industries. ABB operates its business through various reportable segments, including power products, power systems, low voltage products, process automation, and discrete automation and motion.
GE
GE was incorporated in 1892 and is headquartered in Fairfield, Connecticut, US. The company is a diversified infrastructure and financial services corporation having a global presence. GE products and services range from oil and gas production equipment, aircraft engines, power generation, and household appliances to medical imaging, industrial products, and business and consumer financing. The company employs around 305,000 people worldwide and serves customers in approximately 175 countries.
Rockwell Automation
Rockwell Automation was founded in 1903 and is headquartered in Milwaukee, Wisconsin, US. It is a global provider of industrial automation power, control and information solutions. The company offers a range of international style solutions for safety and standard sensing applications. These switches are available in four different body styles, including 30 mm metal, 15 mm plastic, and 22 mm metal and plastic. These offer a broad selection of operator types, circuit arrangements, and connection options.
Schneider Electric
Schneider Electric was founded in 1836 and is headquartered in Rueil-Malmaison, France. The company engages in the manufacture and marketing of a wide range of equipment and components that are used for electricity distribution, energy management, and automation management.
Schneider Electric is one of the major players in the global safety switches market. It offers a broad range of safety switches such as general duty safety switches, heavy duty safety switches, solar disconnect switches, double throwback switches, and air conditioning disconnect switches.
SICK
SICK was founded in 1946 and is headquartered in Waldkirch, Germany. The company is involved in the development, production, and distribution of sensor solutions and services for automation technology worldwide.
SICK is one the major players in the global safety switches market. SICK offers safety switches, which are used to protect movable physical guards, monitor and determine the position of dangerous movements, and provide the safe-stop function.
The company's product portfolio in safety switches is classified into electro-mechanical, non-contact safety switches, safety locking devices, and safety command devices. Below is the description of the product offerings in safety switches.
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