Global Industrial Interlock Switches Market Analysis Highlights the Impact of COVID-19 2020-2024 | Growing Demand for Non-contact Safety Interlock Switches to Boost Market Growth | Technavio

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

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • Based on segmentation by product, which is the leading segment in the market?
    Guard locking switches is the leading segment in the market.
  • What are the major trends in the market?
    The advent of new technologies is one of the key industrial interlock switches market trends.
  • At what rate is the market projected to grow?
    The market is expected to grow at a CAGR of over 5% during the forecast period
  • Who are the top players in the market?
    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.
  • What are the key market drivers?
    The growing demand for non-contact safety interlock switches

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 growing demand for non-contact safety interlock switches will offer immense growth opportunities. To make 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.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

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

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43669

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. The 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 the advent of new technologies as one of the prime reasons driving the Industrial Interlock Switches Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

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 focuses 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 Global Industrial Interlock Switches Market will grow by $ 90.79 mn 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/