Safety Switch Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Global Industrial Safety Switch Market is Segmented by Type (Electromagnetic, Non-contact), End-User (Industrial, Commercial, Healthcare, Oil & Gas), and Geography (North America, Europe, and Asia-Pacific). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Safety Switch Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Safety Switches Market Size

Global Safety Switches Market
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 4.25 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Global Safety Switches Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Global Safety Switches Market with other markets in Technology, Media and Telecom Industry

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Safety Switches Market Analysis

The Global Safety Switches Market is expected to register a CAGR of 4.25% during the forecast period.

  • A safety switch turns off the power supply automatically when it detects a change in the electrical circuit. For instance, if someone touches an exposed wire and the voltage travels through their body, the safety switch will sense this and shut off the power, protecting them from being electrocuted. Remember that safety switches only serve as a backup and might not completely safeguard wires or shield users from electric shocks.
  • The key factors contributing to the growth of the safety switches market are the need and flexibility of usage in a wide range of applications, high demand for safer equipment, miniaturization of devices, and industrial safety standards. Different personnel work on automated production equipment, ranging from production workers to engineers. This wide range and increasing automation demand products from various end-user industries, like food and beverage, oil and gas, pharmaceuticals, aerospace, etc.
  • The demand for manufacturing facilities with heavy gear is rising due to technological improvements. Opportunities for constructing more production facilities and manufacturing plants are being opened by the expanding economies of different rising and developing nations, including Brazil, China, and India. Consequently, this is fueling the global market for safety switches.
  • Emergency stop switches, also known as E-stop switches, are becoming a crucial part of all equipment and manufacturing machinery as machine safety and operator protection becomes increasingly important. A wide range of electrical equipment includes specific switch controls to implement emergency shutdowns in compliance with established regulatory criteria for workplace safety.
  • Companies have been installing emergency stop safety switches in their facilities to ensure the safety of their capital-intensive equipment and prevent production and machinery losses. The usage of emergency stop switches for equipment safety is anticipated to increase as a result of this aspect, fueling the expansion of the global market for emergency stop safety switches throughout the course of the forecast period.
  • Additionally, the installation of safety switches is driven by worker accidents in commercial buildings or factories. The International Labor Organization (ILO) estimates that over 2.3 million people die yearly from illnesses or accidents related to their job,s or around 6000 people per day.
  • The outbreak of COVID-19 has forced multiple industries to halt almost every industrial operation globally. Also, amidst the pandemic spread, the market for safety switches that significantly relies on the manufacturer and end-user verticals and substantial adoption at the industrial front is likely to be impacted, as the pandemic has resulted in changes in the planned investments of multiple companies over the forecast period.

Safety Switches Industry Overview

The market is fragmented, with many companies developing expansion strategies, due to the availability of several players offering safety switches has intensified the competition in the market. In the near future, many significant company acquisitions and partnerships with an emphasis on innovation are anticipated. Rockwell Automation Inc. and Schneider Electric are two of the market's major participants.

  • August 2022 - Rockwell Automation, Inc., the world's largest company dedicated to industrial automation and digital transformation, announced an unprecedented partnership with Bravo Motor Company, a California-based business offering applied innovation around decarbonization, with a focus on the production of batteries, vehicles, and energy-storage systems.
  • July 2022 - Eaton reinvests in North Carolina's Triangle region to meet growing customer demand for sustainable data centers and EV charging infrastructure. This move enables Eaton to support further increasing customer demand for data center management technology and electric vehicle (EV) charging infrastructure solutions.

Safety Switches Market Leaders

  1. Rockwell Automation

  2. Banner Engineering Corp.

  3. Eaton Corporation

  4. Schneider Electric

  5. Euchner GmbH

  6. *Disclaimer: Major Players sorted in no particular order
Global Safety Switches Market
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Safety Switches Market News

  • August 2022 - Siemens and MAHLE intend to collaborate in the field of inductive charging of electric vehicles. Both companies have signed a letter of intent to this effect. The two companies intend to work together to close gaps in the standardization of inductive charging systems.
  • June 2022 - Euchner launched the new flex function CTS safety switch device. The CTS switch's key innovation is the new FlexFunction feature, which allows a single device to perform a wide variety of functions that would otherwise require several switch variants. FlexFunction paves the way for new approaches to planning and operation.

Safety Switches Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Value Chain Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Intensity of Competitive Rivalry
    • 4.3.5 Threat of Substitute Products
  • 4.4 Impact of COVID-19 on the Industry

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increased Emphasis on Workplace Safety
    • 5.1.2 Stringent Regulations on Machine and Personnel Safety
  • 5.2 Market Challenges
    • 5.2.1 Product Compatibility with Different Existing Platforms

6. MARKET SEGMENTATION

  • 6.1 Type
    • 6.1.1 Electromagnetic
    • 6.1.2 Non-contact
    • 6.1.3 Other Types
  • 6.2 End-users
    • 6.2.1 Industrial
    • 6.2.2 Commercial
    • 6.2.3 Healthcare
    • 6.2.4 Oil and Gas
    • 6.2.5 Other End-users
  • 6.3 Geography
    • 6.3.1 North America
    • 6.3.1.1 United States
    • 6.3.1.2 Canada
    • 6.3.2 Europe
    • 6.3.2.1 United Kingdom
    • 6.3.2.2 Germany
    • 6.3.2.3 France
    • 6.3.2.4 Rest of Europe
    • 6.3.3 Asia Pacific
    • 6.3.3.1 China
    • 6.3.3.2 India
    • 6.3.3.3 Japan
    • 6.3.3.4 Rest of Asia Pacific
    • 6.3.4 Latin America
    • 6.3.5 Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Schneider Electric
    • 7.1.2 Rockwell Automation Inc.
    • 7.1.3 Banner Engineering Corp.
    • 7.1.4 Eaton Corporation
    • 7.1.5 Euchner GmbH
    • 7.1.6 SICK AG
    • 7.1.7 Pilz GmbH & Co. KG
    • 7.1.8 Siemens AG
    • 7.1.9 Omron Electronics LLC
    • 7.1.10 Honeywell International Inc.
    • 7.1.11 Murrelektronik GmbH
    • 7.1.12 Parmley Graham Ltd
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Safety Switches Industry Segmentation

Safety switches are devices that promptly cut off the energy supply when an electrical problem is detected to reduce the risk of electricity-related fires, electric shock, injury, and death. In the study of the safety switches market, different type of switches is considered according to their applications.

The Global Safety Switches Market is Segmented by Type (Electromagnetic, Non-contact), End-User (Industrial, Commercial, Healthcare, Oil and Gas), and Geography.

Type Electromagnetic
Non-contact
Other Types
End-users Industrial
Commercial
Healthcare
Oil and Gas
Other End-users
Geography North America United States
Canada
Europe United Kingdom
Germany
France
Rest of Europe
Asia Pacific China
India
Japan
Rest of Asia Pacific
Latin America
Middle East and Africa
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Safety Switches Market Research FAQs

What is the current Global Safety Switches Market size?

The Global Safety Switches Market is projected to register a CAGR of 4.25% during the forecast period (2025-2030)

Who are the key players in Global Safety Switches Market?

Rockwell Automation, Banner Engineering Corp., Eaton Corporation, Schneider Electric and Euchner GmbH are the major companies operating in the Global Safety Switches Market.

Which is the fastest growing region in Global Safety Switches Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Global Safety Switches Market?

In 2025, the North America accounts for the largest market share in Global Safety Switches Market.

What years does this Global Safety Switches Market cover?

The report covers the Global Safety Switches Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Safety Switches Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Safety Switches Industry Report

Statistics for the 2025 Global Safety Switches market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Safety Switches analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.