What is the current Global Safety Switches Market size?

The Global Safety Switches Market is projected to register a CAGR of 4.25% during the forecast period (2024-2029) Read More

Who are the key players in Global Safety Switches Market?

Rockwell Automation, Banner Engineering Corp., Eaton Corporation, Schneider Electric and Euchner GmbH are the major companies operating in the Global Safety Switches Market. Read More

Which is the fastest growing region in Global Safety Switches Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global Safety Switches Market?

In 2024, the North America accounts for the largest market share in Global Safety Switches Market. Read More

What years does this Global Safety Switches Market cover?

The report covers the Global Safety Switches Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Safety Switches Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Safety Switch Market - Size, Share & Industry Analysis

Safety Switch Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Industrial Safety Switch Market is Segmented by Type (Electromagnetic, Non-contact), End-User (Industrial, Commercial, Healthcare, Oil & Gas), and Geography (North America, Europe, and Asia-Pacific). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Safety Switches Industry Overview

The market is fragmented, with many companies developing expansion strategies, due to the availability of several players offering safety switches has intensified the competition in the market. In the near future, many significant company acquisitions and partnerships with an emphasis on innovation are anticipated. Rockwell Automation Inc. and Schneider Electric are two of the market's major participants.

August 2022 - Rockwell Automation, Inc., the world's largest company dedicated to industrial automation and digital transformation, announced an unprecedented partnership with Bravo Motor Company, a California-based business offering applied innovation around decarbonization, with a focus on the production of batteries, vehicles, and energy-storage systems.
July 2022 - Eaton reinvests in North Carolina's Triangle region to meet growing customer demand for sustainable data centers and EV charging infrastructure. This move enables Eaton to support further increasing customer demand for data center management technology and electric vehicle (EV) charging infrastructure solutions.