The knowledge of Federal and local laws upon rules and regulations is a valuable tool for driving safety standard in any region. In Europe the Plant manager or the equivalent is responsible for the safety of the employee working in the plant. Manufacturers are responsible for ensuring that the products they place on the marketmeet all relevant regulations according to the European Commission’s Guide to the Implementation of Directives.Industrial equipment safety has been going through some major transformation in the past couple of years and with several governments and agencies pushing for stricter regulations regarding the workplace safety, the Safety Switches Market will experience growth over the next five years. The safety switches being manufacturedtoday, fit all the required industrial or Europe safety standards. These are reliable, stable and can be used at different hazardous locations.Given the unavoidable hazardous areas in core industrial sectors, the need for adopting safe methods or using safe equipment has become a top priority for enterprises operating in these sectors.
The Europe Safety SwitchesMarket 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 SwitchesMarket is broadly segmented on the basis of Types,End Users and Territories. On the basis of types, the market has been segmented into Safety Limit Switches, Emergency Stop Switches, and Safety Interlock Switches. On the basis of its End users, its applications could be explained under segments such as Automobile, Energy & Power, Chemical, Pharmaceutical, Oil & Gas, Food & Beverages, Semiconductors and others. Some of the market players mentioned in the report are Rockwell Automation, Idem, Euchner, Scientific Technologies Inc., SICK, Eatonand more.
The key factors contributing to the growth of the Europe Safety Switches Market are its flexibility in usage in varied applications, high market demand for safe equipment, miniaturization of devices, and industrial safety standards.
Complexity of Standards, lack of product awareness, and associated high product costs are the key challenges of the Europe Safety Switches Market.
What the report offers
1. Research Methodology
2. Executive Summary
3. MARKET OVERVIEW
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness - Porter's 5 Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat from new entrants
3.3.4 Threat from substitute products
3.3.5 Competitive rivalry within the industry
3.4 Industry Policies
4. MARKET DYNAMICS
4.2.1 Flexible for Use in Various Applications
4.2.2 High Market Demand for Intrinsically Safe Equipments
4.2.3 Miniaturization of Devices
4.2.4 Industrial Safety Standards
4.3.1 Complexity of Standards
4.3.2 Lack of Product Awareness
4.3.3 Associated Product Costs
4.4.1 Sophisticated Technology Forms
5. Technology Snapshot
6. Europe Safety Switches Market Products Market Segmentation, Forecasts and Trends
6.1 Europe Safety Switches Market - Segmented By Types
6.1.1 Safety Limit Switches
6.1.2 Emergency Stop Switches
6.1.3 Safety Interlock Switches
6.2 Europe Market - Segmented By End Users
6.2.2 Energy & Power
6.2.5 Oil & Gas
6.2.6 Food & Beverages
6.3 Europe Market – Segmented By Territory
6.3.1 United Kingdom
7. Europe Vendor Market Share Analysis
8. Competitive Intelligence - Company Profiles
8.1 Rockwell Automation
8.4 Scientific Technologies Inc.
8.5 Banner Engineering
8.8 Schneider Electric
8.10 OMRON Industrial Automation
9. Investment Analysis
9.1 Investment Scenario and Opportunities
10. Future of Europe Safety Switches Market