Market Size of NA Safety I/O Modules Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.85 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Safety I/O Modules Market Analysis
The North America safety I/O modules market is expected to register a CAGR of 5.85% by 2021-2026. The importance of safety I/O devices rose from the terrible need for efficient and reliable infrastructure in hazardous environments. The I/O devices are being used in the industry for optimizing the automation process. These modules also decrease the installation time and expense, as they are an integral part of the input/output control system, reducing the need for third-party relays and mapping equipment.
- The safety IO modules provide all the primary advantages that the traditional distributed IO safety systems provide. With the help of these new modules, one can control and monitor their safety device.
- Moreover, one can also detect a failure at IO and field device levels and enhance operator protection. The growing technological advancements have improved the safety parameters associated with these IO modules, making their use in hazardous zones even more feasible. This technological growth is bound to improve the quality of safety in IO modules in the future.
- The increasing demand for safety IO modules is a direct consequence of the number of hazardous areas. The rising frequency of accidents in these hazardous areas has led to the establishment of industrial regulatory standards, which drove the demand for safety infrastructure, thereby steering the market growth.
- On the contrary, lack of awareness about the robust and reliable IO modules has been a challenge hindering the market growth in the recent past.
