Safety Programmable Controllers Market Trend, Dynamics & Market Insights

1. Presents a Research Report on Safety Programmable Controllers Market The report on the Safety Programmable Controllers Market is segmented By Type (Modular, Compact, Others), By End-Use (Automotive, Energy and Power, Manufacturing, Pharmaceutical, Semiconductors, Food and Beverage, Oil and Gas, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global safety programmable controllers market. sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. The Safety Programmable Controllers Market Highlights& Drivers • The Safety Programmable Controllers Market is estimated to grow from USD 6.5 billion in 2020 to USD 9.3 billion by 2026 at a healthy CAGR of 6.3% during the forecast period. • Growing demand for safety equipment and the rising need for simplified configuration is the key factor driving the product demand. • Safety PLC combines the functionality of a control system with a safety system in one controller platform, enabling manufacturers to greatly reduce machine life cycle costs, which further augments the market growth during the review period. However, safety PLCs are highly expensive and require high initial investment when compared to standard PLC counterparts, thus hampering the industry growth. • MarketInsight • By End-Use Trends: • Based on end-use, the safety programmable controllers market is categorized into automotive, energy and power, manufacturing, pharmaceutical, semiconductors, food and beverage, oil and gas, and others. The oil and gas segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. • In the oil and gas industry processes, there is usually a high demand for safety & reliability and as per the US Energy Information Administration, the world’s annual energy consumption of oil & gas is estimated to increase steadily from less than 200 quadrillions BTU in 2015 to around 250 quadrillions BTU by 2040. Moreover, the oil & refinery gas sector is a mostly manual system with many risks, such as fire hazards, explosion hazards, radiation, lightning, etc., thereby bolstering the segment growth.

3. Market Insight & Competitive Insights • By Region: • By region, the North American market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to an increase in industrial investment in the mining and oil & gas sectors, which propelled the use of safety programmable controllers. • Also, the presence of key product manufacturers and strong end-use industries such as oil & gas, automotive, and pharmaceutical, further proliferate the regional market growth. • Key Players • Rockwell Automation (US) • ABB Group (Switzerland) • Siemens AG (Germany) • Schneider Electric SE (France) • Treotham (US) • ASTRE Engineering (Tunisia) • SICK Group (Germany) • Mistubishi Electric Corporation (Japan) • IDEC Corporation (Japan) • Omron Corporation (Japan).

4. Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others

5. Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.

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