The analysts forecast global industrial safety integrated components market to grow at a CAGR of 4.93% during the period 2016-2020.
The processes as well as the machines in industries are becoming increasingly dynamic due to customized demand from the customers. Therefore, the need to increase productivity, safety, and flexibility in the production plants of the power, food and beverage, chemical and petrochemical, and oil and gas industries becomes necessary. The demand for integrated technology and safety components that can easily interchange information is high to avoid any downtime of the plants and maintain high productivity. These factors are pushing manufacturing industries worldwide to accommodate safety relays, safety PLC, safety switches, and transmitters in their facility that can be integrated with other systems such as control systems of the plants.Covered in this report
The report covers the present scenario and the growth prospects of the global industrial safety integrated components market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of industrial safety integrated components that include installation and integration to the below-mentioned process industries.
- Oil and gas
- Chemical and petrochemical
- Food and beverages
The market is divided into the following segments based on geography:
The report, Global Industrial Safety Integrated Components Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Rockwell Automation
- Schneider Electric
Other prominent vendors
- Bosch Rexroth
- Honeywell International
- KOYO ELECTRONICS
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- Increase in smart grid installation
- Fluctuating raw material prices
- Growing demand for smart industries
Key questions answered in this report
- What will the market size be in 2020 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?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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