Market Size of Safety Programmable Controller Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.50 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Safety Programmable Controllers Market Analysis
The safety programmable controller market was valued at USD 6.46 billion in 2020 and is expected to reach a market value of USD 9.41 billion by 2026, registering a CAGR of 6.5% during the forecast period (2021-2026). The combination of PLC, motion control, and human-machine interface (HMI) programming into one environment is a trend that will progress over the next several years. It will reduce the learning curve and less total development time, which will drive the growth of the market.
- Increased adoption of automation systems, coupled with safety awareness, is driving the market. PLCs can be easily reprogrammed and designed to the wanted characteristics and it is possible to embed multiple devices, like memory shells and timers, in one PLC by which it is very easy to control and manage energy costs with quality improvement and reduced production cost.
- Demand for safety equipment and the need for simplified configuration is driving the market. Safety PLC combine the functionality of a control system with a safety system in one controller platform, allowing manufacturers to greatly reduce machine life cycle costs. Safety system designs utilizing safety PLCs deliver multiple layers of protection that work together to provide a safe control system. When unexpected events arise, each layer can mitigate the effect of the fault. Safety PLCs from Siemens have led the way creating this "Layers of Protection" concept, achieving the level of protection required for the controller to earn a SIL 3 safety rating.
However, safety PLCs are very expensive and require high initial investment compared to standard PLC counterparts, including hardware, software and services costs, which could hinder the growth of the market.
