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Safety Programmable Controllers Market Size in North America to Grow by USD 532.66 million | ABB Ltd. and IDEC Corp. Among Key Vendors| Technavio

Technavio (PRNewsfoto/Technavio)

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Technavio

Apr 27, 2022, 02:10 ET

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NEW YORK, April 27, 2022 /PRNewswire/ --

Safety Programmable Controllers Market in North America Facts at a Glance-

Technavio has announced its latest market research report titled Safety Programmable Controllers Market in North America by Type and Geography - Forecast and Analysis 2022-2026
Technavio has announced its latest market research report titled Safety Programmable Controllers Market in North America by Type and Geography - Forecast and Analysis 2022-2026
  • Companies: 10+ – ABB Ltd., IDEC Corp., Leuze electronic GmbH + Co. KG, Mitsubishi Electric Corp., OMRON Corp., Pilz GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, SICK AG, and Siemens AG, among others.
  • Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
  • Segments: Type (modular and compact)
  • Geographies: US, Canada, and Mexico

To understand more about Market Dynamics. Download our sample report

According to the recent market study by Technavio, the Safety Programmable Controllers Market Size in North America is expected to grow by USD 532.66 million from 2021 to 2026, at a CAGR of 6.07%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

Download a Report Sample: for more additional information about the market

Vendor Insights-

The safety programmable controllers market in North America is fragmented and the vendors are deploying growth strategies such as price, quality, brand identity, technology, and distribution to compete in the market. The key offerings of some of the vendors are listed below:

  • ABB Ltd. - The company offers safety programmable controllers that include AC500, AC500-eCo, AC500-S and AC500-XC scalable PLC ranges, which provide interoperability and compatibility in hardware and software from compact PLCs up to high end and safety PLCs.
  • IDEC Corp. - The company offers safety programmable controllers that include safety laser scanner, light curtains, interlock switches, e-stop switches, enabling and grip switches, safety relay modules, safety controllers.
  • Leuze electronic GmbH + Co. KG - The company offers safety programmable controllers that include switching sensors, optical sensors, inductive switches, capacitive sensors, ultrasonic sensors, measuring sensors, optical distance sensors, safe locking devices and switches, safe control components, machine safety services, bar code identification, smart cameras, industrial IP camera.

Find additional highlights on the vendors and their product offerings. Download a Sample Report

Regional Market Outlook

The safety programmable controllers market in the US will be significant during the forecast period. The reshoring of manufacturing activities will facilitate the safety programmable controllers market growth in the US over the forecast period. Market growth in this country will be faster than the growth of the market in other countries.

Download our sample report for more key highlights on the regional market share.

Latest Drivers & Trends Drivers in the Market-

  • Safety Programmable Controllers Market in North America Driver:
    • Rapid globalization of industries:

      The development of industrial infrastructure requires advanced technologies and machinery for smooth functioning. Hence, the adoption of safety programmable controllers in the mentioned industries is expected to increase, which, in turn, will drive the growth of the market during the forecast period. 
  • Safety Programmable Controllers Market in North America Trend:
    • Growing investments in smart factories:

      Manufacturers are adopting smart factories to improve the efficiency and productivity of factories, enhance personnel and machinery safety, and enable their operation with innovative technologies. Thus, the need to efficiently connect devices or machines to maintain safety within various industrial processes is expected to drive the growth of the market during the forecast period. 

Find additional information about various other market Drivers & Trends mentioned in our sample report.

Didn't Find What You Were Looking For? Customize Report-

Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer customization at the time of purchase. Speak to our Analyst now!

Here are Some Similar Topics-

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Safety Programmable Controllers Market Scope in North America

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.07%

Market growth 2022-2026

USD 532.66 million

Market structure

Fragmented

YoY growth (%)

5.34

Regional analysis

US, Canada, and Mexico

Performing market contribution

US at 71%

Key consumer countries

US

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., IDEC Corp., Leuze electronic GmbH + Co. KG, Mitsubishi Electric Corp., OMRON Corp., Pilz GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, SICK AG, and Siemens AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1. Executive Summary 

  1.1 Market Overview

  Exhibit 01:  Key Finding 1

  Exhibit 02:  Key Finding 2

  Exhibit 03:  Key Finding 3

  Exhibit 04:  Key Finding 5

  Exhibit 05:  Key Finding 6

  Exhibit 06:  Key Finding 7

2. Market Landscape 

  2.1 Market ecosystem 

  Exhibit 07:  Parent market

  Exhibit 08:  Market characteristics

  2.2 Value chain analysis 

  Exhibit 09:  Value Chain Analysis: Global industrial machinery market

  2.2.1 Inputs

  2.2.2 Inbound logistics

  2.2.3 Operations

  2.2.4 Outbound logistics

  2.2.5 Marketing and sales

  2.2.6 Aftermarket and service 

  2.2.7 Industry innovations:

3. Market Sizing 

  3.1 Market definition

  Exhibit 10:  Offerings of vendors included in the market definition

  3.2 Market segment analysis 

  Exhibit 11:  Market segments

  3.3 Market size 2021 

  3.4 Market outlook: Forecast for 2021 - 2026 

  Exhibit 12:  Global - Market size and forecast 2021 - 2026 ($ million)

  Exhibit 13:  Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis 

  4.1 Five Forces Summary 

  Exhibit 14:  Five forces analysis 2021 & 2026

  4.2 Bargaining power of buyers 

  Exhibit 15: Bargaining power of buyers

  4.3 Bargaining power of suppliers 

  Exhibit 16: Bargaining power of suppliers

  4.4 Threat of new entrants 

  Exhibit 17: Threat of new entrants

  4.5 Threat of substitutes 

  Exhibit 18: Threat of substitutes

  4.6 Threat of rivalry 

  Exhibit 19: Threat of rivalry

  4.7 Market condition

  Exhibit 20:  Market condition - Five forces 2021

5 Market Segmentation by Type 

  5.1 Market segments

  Exhibit 21:  Type - Market share 2021-2026 (%)

  5.2 Comparison by Type 

  Exhibit 22:  Comparison by Type

  5.3 Modular - Market size and forecast 2021-2026 

  Exhibit 23:  Modular - Market size and forecast 2021-2026 ($ million)

  Exhibit 24:  Modular - Year-over-year growth 2021-2026 (%)

  5.4 Compact - Market size and forecast 2021-2026 

  Exhibit 25:  Compact - Market size and forecast 2021-2026 ($ million)

  Exhibit 26:  Compact - Year-over-year growth 2021-2026 (%)

  5.5 Market opportunity by Type 

  Exhibit 27:  Market opportunity by Type

6. Customer landscape 

  6.1 Overview

  Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

  Exhibit 28: Customer landscape

7. Geographic Landscape 

  7.1 Geographic segmentation

  Exhibit 29:  Market share by geography 2021-2026 (%)

  7.2 Geographic comparison 

  Exhibit 30: Geographic comparison

  7.3 US - Market size and forecast 2021-2026 

  Exhibit 31:  US - Market size and forecast 2021-2026 ($ million)

  Exhibit 32:  US - Year-over-year growth 2021-2026 (%)

  7.4 Canada - Market size and forecast 2021-2026 

  Exhibit 33:  Canada - Market size and forecast 2021-2026 ($ million)

  Exhibit 34:  Canada - Year-over-year growth 2021-2026 (%)

  7.5 Mexico - Market size and forecast 2021-2026 

  Exhibit 35:  Mexico - Market size and forecast 2021-2026 ($ million)

  Exhibit 36:  Mexico - Year-over-year growth 2021-2026 (%)

  7.6 Market opportunity by geography

  Exhibit 37:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends 

  8.1 Market drivers 

  8.1.1 Rapid globalization of industries

  8.1.2 Improving safety standards and related developments

  8.1.3 Increasing demand for compact automation solutions

  8.2 Market challenges 

  8.2.1 Shortage of skilled labor to maintain and operate automation systems

  8.2.2 Growing cybersecurity concerns

  8.2.3 High installation and maintenance cost

  Exhibit 38:  Impact of drivers and challenges

  8.3 Market trends 

  8.3.1 Growing investments in smart factories

  8.3.2 Value chain integration

  8.3.3 Strategic partnerships and acquisitions

9. Vendor Landscape 

  9.1 Overview

  Exhibit 39: Vendor landscape

  The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

  9.2 Landscape disruption 

  Exhibit 40: Landscape disruption

  Exhibit 41: Industry risks

  9.3 Competitive Scenario 

10. Vendor Analysis 

  10.1 Vendors covered 

  Exhibit 42: Vendors covered

  10.2 Market positioning of vendors 

  Exhibit 43: Market positioning of vendors

  10.3 ABB Ltd.

  Exhibit 44:  ABB Ltd. - Overview

  Exhibit 45:  ABB Ltd. - Business segments

  Exhibit 46:  ABB Ltd. - Key offerings

  Exhibit 47:  ABB Ltd. - Segment focus

  10.4 IDEC Corp.

  Exhibit 48:  IDEC Corp. - Overview

  Exhibit 49:  IDEC Corp. - Business segments

  Exhibit 50:  IDEC Corp. - Key offerings

  Exhibit 51:  IDEC Corp. - Segment focus

  10.5 Leuze electronic GmbH + Co. KG

  Exhibit 52:  Leuze electronic GmbH + Co. KG - Overview

  Exhibit 53:  Leuze electronic GmbH + Co. KG - Product and service

  Exhibit 54:  Leuze electronic GmbH + Co. KG - Key offerings

  10.6 Mitsubishi Electric Corp.

  Exhibit 55:  Mitsubishi Electric Corp. - Overview

  Exhibit 56:  Mitsubishi Electric Corp. - Business segments

  Exhibit 57:  Mitsubishi Electric Corp. - Key offerings

  Exhibit 58:  Mitsubishi Electric Corp. - Segment focus

  10.7 OMRON Corp. 

  Exhibit 59:  OMRON Corp. - Overview

  Exhibit 60:  OMRON Corp. - Business segments

  Exhibit 61:  OMRON Corp. - Key offerings

  Exhibit 62:  OMRON Corp. - Segment focus

  10.8 Pilz GmbH and Co. KG 

  Exhibit 63:  Pilz GmbH and Co. KG - Overview

  Exhibit 64:  Pilz GmbH and Co. KG - Product and service

  Exhibit 65:  Pilz GmbH and Co. KG - Key offerings

  10.9 Rockwell Automation Inc. 

  Exhibit 66:  Rockwell Automation Inc. - Overview

  Exhibit 67:  Rockwell Automation Inc. - Business segments

  Exhibit 68:  Rockwell Automation Inc. – Key news

  Exhibit 69:  Rockwell Automation Inc. - Key offerings

  Exhibit 70:  Rockwell Automation Inc. - Segment focus

  10.10 Schneider Electric SE 

  Exhibit 71:  Schneider Electric SE - Overview

  Exhibit 72:  Schneider Electric SE - Business segments

  Exhibit 73:  Schneider Electric SE - Key offerings

  Exhibit 74:  Schneider Electric SE - Segment focus

  10.11 SICK AG 

  Exhibit 75:  SICK AG - Overview

  Exhibit 76:  SICK AG - Business segments

  Exhibit 77:  SICK AG -  Key news

  Exhibit 78:  SICK AG - Key offerings

  Exhibit 79:  SICK AG - Segment focus

  10.12 Siemens AG 

  Exhibit 80:  Siemens AG - Overview

  Exhibit 81:  Siemens AG - Business segments

  Exhibit 82:  Siemens AG – Key news

  Exhibit 83:  Siemens AG - Key offerings

  Exhibit 84:  Siemens AG - Segment focus

11. Appendix 

  11.1 Scope of the report 

  11.1.1 Market definition

  11.1.2 Objectives

  Notes and caveats

  11.2 Currency conversion rates for US$ 

  Exhibit 85: Currency conversion rates for US$

  11.3 Research Methodology 

  Exhibit 86: Research Methodology

  Exhibit 87: Validation techniques employed for market sizing

  Exhibit 88: Information sources

  11.4 List of abbreviations 

  Exhibit 89: List of abbreviations                                           

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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