Any fault on the hardware or in the software of the control systems shouldn’t lead to hazardous situations, is the requirement in the European Machinery Directive. Safety Relay and Timer switches are becoming quite popular as they help fulfil this requirement. They will detect any unwanted changes in the output and input devices along with the internal failures thus enabling the power to be removed from a loadeven if a contact is welded, and prohibit a subsequent restartof the load until the failure is corrected
The EuropeSafety Relay and Timers Market is estimated to be worth $xx billion in 2015 and is projected to grow at a CAGR of xx.xx% during the forecast period to reach $xx billion by 2020.
The Europe Safety Relaysmarket is broadly segmented on the basis of types,end users and geography. On the basis of types, the Safety RelaysMarket has been segmented intoSingle-Function Safety Relays and Modular & Configurable Safety Relays. On the basis of its end users, its applications could be explained under segments such as Automotive, Energy & Power, Manufacturing, Pharmaceutical, Construction and more. Some of the market players mentioned in the report are Rockwell Automation, Siemens, ABB, SICK, IDEC and more.
What the report offers
- Market Definition for the Safety Relay and Timers along with identification of key drivers and restraints for the market.
- Market analysis of Europe Safety Relay and Timers market, with region specific assessments.
- Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
- Identification and analysis of the Macro and Micro factors that affect the Europe Safety Relay and Timers market on both global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
