What is the current Safety Drives and Motors Market size?

The Safety Drives and Motors Market is projected to register a CAGR of 6.63% during the forecast period (2024-2029) Read More

Who are the key players in Safety Drives and Motors Market?

Rockwell Automation Inc., SIGMATEK Safety Systems, ABB Ltd, Beckhoff Automation GmbH and KOLLMORGEN Corporation are the major companies operating in the Safety Drives and Motors Market. Read More

Which is the fastest growing region in Safety Drives and Motors Market?

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

Which region has the biggest share in Safety Drives and Motors Market?

In 2024, the North America accounts for the largest market share in Safety Drives and Motors Market. Read More

What years does this Safety Drives and Motors Market cover?

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

Safety Drives Motors Market Size & Share Analysis - Industry Research Report

Safety Drives Motors Industry Overview

The market is concentrated with some major players occupying maximum market share which are in demand byOil and Gas, Petrochemicals and Chemicals, and Energy utility industries.

June 2019 - The Linz-based KEBA Groupacquired LTI Motion Group, a pioneer of drive solutions from Germany. It servescustomers in mechanical engineering sectors. The acquisition makes KEBA a total solution provider in the area of industrial automation.
October 2018 - Rockwell Automation launched theIntegrated Safety Functions Option Module which offers several safety functions based on IEC 61800-5-2 standards for Allen-Bradley PowerFlex 755 and 755T AC drives. It includes the ability to monitor speed, direction and position on an EtherNet/IP network.
September 2019 -Beckhoff Automationexpanded its footprint in the Northeast region with new offices in Greater Boston and Philadelphia. It now offerseducational opportunities for Beckhoff customers who want to increase their expertise in PC-based control, advanced motion control, mechatronics and EtherCAT industrial Ethernet technology.