The analysts forecast global industrial interlock switches market to grow at a CAGR of 5.46% during the period 2018-2022. The latest trend gaining momentum in the market is emergence of miniaturized interlock switches.
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Miniaturization of a particular device or equipment in an industry has a multiplying effect on the related device as well.
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For example, the miniaturization of a control panel also demands the miniaturization of the push buttons and other controls. The miniaturization of the interlock switches has been necessitated by the miniaturization of applications that these switches are used in.
The miniaturization of motors and generators, forging machines, and packaging equipment,., has induced the trend of miniaturization in the interlock switches market.
Major key players in the global industrial interlock switches market: ABB, General Electric, OMRON, Rockwell Automation, Schneider Electric, Siemens, Banner Engineering, BERNSTEIN, Control Products, Doorking, Eaton, EUCHNER, GE, Halma, Honeywell, IDEC, IDEM Safety Switches Limited, KEYENCE, Panasonic, Pepperl+Fuchs, Pinnacle Systems, Schmersal, SICK, TS Industrial, and UTC.
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According to the industrial interlock switches market report, one of the major drivers for this market is stringent safety regulations to protect workers in manufacturing industries. Safety sensors and switches are used in a broad range of applications in manufacturing processes such as material handling, assembly, conveyor systems, packaging robot cells, and transport systems.
The above-mentioned processes are widely prevalent in the food and beverage, heavy machinery, automotive; and chemical industries.
The rise in demand for the products of these industries and the improved economic condition in several developing countries are the factors that are expected to lead to new production and manufacturing facilities. The growth of safety devices (such as safety sensors and switches) in the workplace is primarily driven by government regulations.
The need to protect employees in industrial settings has spurred the governments in various countries to come up with stringent regulations on machine and personnel safety.
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Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Few Points from List of Exhibits:
Exhibit 1: Parent Market
Exhibit 2: Global Safety Switches Market
Exhibit 3: Market Characteristics
Exhibit 4: Market Segments
Exhibit 5: Market Definition - Inclusions and Exclusions Checklist
Exhibit 6: Market Size 2017
Exhibit 7: Validation Techniques Employed For Market Sizing 2017
Exhibit 8: Global Industrial Interlock Switches Market - Market Size and Forecast 2017-2022 ($ Millions)
Exhibit 9: Global Industrial Interlock Switches Market - Year-Over-Year Growth 2018-2022 (%)
Exhibit 10: Five Forces Analysis 2017
Exhibit 11: Five Forces Analysis 2022
Exhibit 12: Bargaining Power of Buyers
Exhibit 13: Bargaining Power of Suppliers
Exhibit 14: Threat of New Entrants
Exhibit 15: Threat of Substitutes
Exhibit 16: Threat of Rivalry
Exhibit 17: Market Condition - Five Forces 2017
Exhibit 18: Product - Market Share 2017-2022 (%)
Exhibit 19: Comparison by Product
Exhibit 20: Guard Locking Switches - Market Size and Forecast 2017-2022 ($ Millions)