Market Size of Asia Pacific Safety Relays and Timers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Safety Relays & Timers Market Analysis
The Asia Pacific Safety Relays and Timers Market is expected to register a CAGR of 6.2% during the forecast period (2021-2026). The need for flexible modular designs with integrated functional requirements is driving market growth.
- Safety relays are electromechanical switching devices used to prevent failures during critical switching operations. Relays are designed to isolate circuits or control high-powered circuits with a low-power signal. A magnetic core encased in a wire coil, a movable armature attached to an iron yoke, and at least one set of contacts comprise a simple relay. When an electric current passes through the coil, it creates a magnetic field that activates the armature, causing the contacts to move to make or break a connection.
- A normal relay switches the load on and off using a wire coil and the mechanical movement of the metal contacts. After several operation cycles, the metal contacts may weld shut. If this happens, the machine will continue running if the operator presses the emergency stop pushbutton, which would be dangerous for the operator. As a result, many national and international norms and safety standards prohibit using simple relays or contactors on hazardous machines.
- Whereas safety relays have coils and contacts that are designed to be positively driven. A positively driven contact system ensures that the normally open (NO) and normally closed (NC) contacts can never be opened or closed simultaneously, eliminating the possibility of faulty operation. Some safety relays include built-in monitoring equipment to detect faults before they occur.
- Due to these characteristics, safety relays are appropriate for use in critical switching applications such as an emergency machine stop (E-stop). Mechanical or physical human damage could occur if a switch or relay fails to operate in one of these applications. The other applications for safety relays also include safety gates, two-hand control, light curtains, safety mats, etc.
- However, designing and manufacturing safety relays is could be expensive due to the fluctuations in prices of raw materials. Further, the COVID-19 pandemic has disrupted the supply chains globally, contributing to the volatility in raw materials prices.
