The North America safety I/O modules market is estimated to be worth USD XX billion in 2016 and is projected to witness a CAGR of XX.XX% during the forecast period to reach USD XX billion by 2021.
The safety input-output modules provide all the basic advantages that the traditional distributed input/output safety systems provide. With the help of these new modules, one can control and monitor their safety devices. One can also detect a failure at input/output and field device levels, along with enhancing the operator protection. The growing technological advancements have improved the safety parameters associated with these input/output modules, making their use in the hazardous zones even more feasible. This technological growth is bound to bring more improvements in the quality of the safety in input/output modules in the future.
North America Safety I/O Modules Market-Market Dynamics
The US is one of the top five countries that import the highest number of high-voltage protection equipment as well as low-voltage equipment, accounting for an import value of nearly USD 718 million (for high-voltage protection equipment) and a USD 9.26 billion (for low-voltage protection equipment). The US has the largest and most technologically developed economy in the world, with a positive per capita GDP. Business firms in the US enjoy a greater degree of flexibility compared to businesses in Japan and Western Europe in terms of innovation and expansion. Canada is equipped with a high-tech industrial economy and resembles the US in its market-oriented economic system, production pattern, and high living standards.
Drivers
The key factors contributing to the growth of the North America safety input/output modules market are:
- Demand for intrinsically safe I/O modules
- Compulsory industrial or government safety standards
- Miniaturization of devices
- Demand for reduced wiring cost
- Reduced start-up machine time
Restraints
Weak domestic demand and inadequate exports business are some of the key challenges for the North America safety I/O modules market.
The North America safety input/output modules market is broadly segmented based on types, end-users, and countries. Based on types, the market is segmented into analogue module (I/O), digital module (I/O), network adaptor, power supply & chassis, and intelligent I/O. Based on its verticals, the market is explained under automotive, energy & power, manufacturing, pharmaceutical, semiconductors, transportation, oil & gas, and others.
Some of the key market players mentioned in the report are:
- ABB
- Bihl+Wiedemann GmbH
- Rockwell Automation
- Schneider Electric
- Siemens
What the Report Offers
- Market definition for safety I/O modules along with identification of key drivers and restraints for the market
- Market analysis of the North America safety I/O modules market, with region-specific assessments
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that 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 share
- Identification and analysis of the macro and micro factors that affect the North America safety I/O modules market on both the global and regional scale
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
1. Research Methodology
2. Executive Summary
3. Market Overview
3.1 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
4.1 Introduction
4.2 Drivers
4.2.1 Demand for Reduced Start-Up Machine Time
4.2.2 Demand for Reduced Wiring Cost
4.2.3 Industrial Safety Standards
4.2.4 Small-Sized Devices
4.2.5 Demand for Intrinsically Safe I/O Modules
4.2.6 Variable Designs
4.3 Restraints
4.3.1 Complexity of Standards
4.3.2 Depleting Labor Market
4.3.3 Weak Product Awareness
4.4 Opportunities
4.4.1 Technological Advancements
5. Technology Snapshot
6. North America Safety I/O Modules Market Products Market Segmentation, Forecasts, and Trends
6.1 North America Market - Segmented By Types
6.1.1 Analog Module (I/O)
6.1.2 Digital Module (I/O)
6.1.3 Network Adaptor
6.1.4 Power Supply & Chassis
6.1.5 Intelligent I/O
6.2 North America Market - Segmented By Verticals
6.2.1 Automotive
6.2.2 Energy & Power
6.2.3 Manufacturing
6.2.4 Healthcare
6.2.5 Transportation
6.2.6 Oil & Gas
6.2.7 Others
6.3 North America Market – Segmented By Countries
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.1.3 Others
7. Vendor Market Share Analysis
8. Competitive Intelligence - Company Profiles
8.1 Rockwell Automation
8.2 Bihl+Wiedemann GmbH
8.3 Siemens
8.4 Lumberg Automation
8.5 ABB
8.6 Murrelektronik
8.7 Schneider Electric
8.8 Parmley Graham
8.9 Mouser Electronics
8.10 Newtech Engineering
9. Investment Analysis
9.1 Investment Scenario and Opportunities
10. Future of North America Safety I/O Modules Market
11. Appendix
