Asia Pacific Safety Relays and Timers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

APAC Safety Relays & Timers Industry Overview

The Asia Pacific Safety Relays and Timers Market is moderately competitive and consists of prominent players like Rockwell Automation, OMRON Industrial Automation, SICK AG, Eaton Corp., Siemens AG, Etc. Technological advancements and innovations, coupled with strategic collaborations and expansions, are expected to drive the studied market.

• October 2021 - Schneider Electric announced a partnership with Savant Power to develop a remote-controlled connected relay to enable homeowners better manage their residential energy use. When connected to a circuit breaker, the relay would provide control of residential power loads, including configurations to maximize backup power in the event of an outage. By constructing a virtual configurable critical load panel for each backup power source (battery, solar, etc.), available power can be maximized by sending it to only crucial circuits until the utility power is restored.
• March 2021 - IDEC Corporation launched the HR5S safety relay module, a new addition to IDEC's family of safety devices that offers designers and OEMs more options to provide better end-user safety while cutting costs and improving productivity of machines and equipment. The HR5S safety relay module is explicitly designed to meet ISO 13849 Category 2 requirements.