Analysis on Impact of COVID19 - Industrial Interlock Switches Market 2020-2024 | Demand of Non-Contact Safety Interlock Switches to Boost Growth | Technavio

Technavio has announced the latest market research report titled Global Industrial Interlock Switches Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the industrial interlock switches market and it is poised to grow by USD 90.79 million during 2020-2024, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., General Electric Co., IDEC Corp., Keyence Corp., OMRON Corp., Panasonic Corp., Pepperl+Fuchs AG, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG are some of the major market participants. The demand for non-contact safety interlock switches will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Demand for non-contact safety interlock switches has been instrumental in driving the growth of the market.

Industrial Interlock Switches Market 2020-2024: Segmentation

Industrial Interlock Switches Market is segmented as below:

  • Product
    • Guard Locking Switches
    • Hinge Switches
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA
  • End-user
    • Discrete Industries
    • Process Industries

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Industrial Interlock Switches Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our industrial interlock switches market report covers the following areas:

  • Industrial Interlock Switches Market size
  • Industrial Interlock Switches Market trends
  • Industrial Interlock Switches Market industry analysis

This study identifies stringent safety regulations to protect workers in manufacturing industries as one of the prime reasons driving the industrial interlock switches market growth during the next few years.

Industrial Interlock Switches Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the industrial interlock switches market, including some of the vendors such as ABB Ltd., General Electric Co., IDEC Corp., Keyence Corp., OMRON Corp., Panasonic Corp., Pepperl+Fuchs AG, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG. Backed with competitive intelligence and benchmarking, our research reports on the industrial interlock switches market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

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Industrial Interlock Switches Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist industrial interlock switches market growth during the next five years
  • Estimation of the industrial interlock switches market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial interlock switches market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial interlock switches market vendors

Table Of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Guard locking switches - Market size and forecast 2019-2024
  • Hinge switches - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Discrete Industries - Market size and forecast 2019-2024
  • Process Industries - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • General Electric Co.
  • IDEC Corp.
  • Keyence Corp.
  • OMRON Corp.
  • Panasonic Corp.
  • Pepperl+Fuchs AG
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The industrial interlock switches market size has the potential to grow by USD 90.79 million during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/