Safety Programmable Controller Market Demand and Growth Opportunities 2020: Rockwell, ABB Group, Siemens AG, Schneider Electric SE

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Global Safety Programmable Controller Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-

Rockwell Automation, ABB Group, Siemens AG, Schneider Electric SE, Treotham, ASTRE Engineering, SICK Group, Mistubishi Electric Corporation, IDEC Corporation, Omron Corporation, Leuze electronic GmbH

Market Overview-

The safety programmable controller market was valued at USD 6.46 billion in 2019 and is expected to reach a market value of USD 9.41 billion by 2025, registering a CAGR of 6.5% during the forecast period (2020 – 2025).

The combination of PLC, motion control, and human-machine interface (HMI) programming into one environment is a trend that will progress over the next several years. It will reduce the learning curve and less total development time, which will drive the growth of the market.

– Increased adoption of automation systems coupled with safety awareness is driving the market. PLCs can be easily reprogrammed and designed to the wanted characteristics and its possible to embed multiple devices like memory shells and timers in one PLC by which its very easy to control and manage energy costs with quality improvement and reduced production cost.
– Demand for safe equipment and need for simplified configuration is driving the market. Safety PLCs combine the functionality of a control system with a safety system in one controller platform, allowing manufacturers to greatly reduce machine life cycle costs. Safety system designs utilizing safety PLCs deliver multiple layers of protection that work together to provide a safe control system. When unexpected events arise, each layer can mitigate the effect of the fault. Safety PLCs from Siemens have led the way creating this “Layers of Protection” concept, achieving the level of protection required for the controller to earn a SIL 3 safety rating.
– However, safety PLCs are very expensive and require high initial investment compared to standard PLC counterparts, including hardware, software and services costs, which could hinder the growth of the market..

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Scope of the Report

The safety programmable controllers market contains integrated safety functions that allow it to control safety systems in various applications. Due to need for functional flexibility, demand for safe equipment, industry safety standards and cost effective systems, the market is growing by segmenting in applications such as automotive, energy and power, manufacturing, pharmaceutical, food and beverages, oil & gas, etc..

Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa

Key Market Trends

Oil and Gas Industry to Witness a Significant Growth

– In the oil & gas industry processes, there is usually a great demand for safety and reliability and according to U.S. Energy Information Administration, the worlds annual energy consumption of oil and gas is projected to increase steadily from less than 200 quadrillion BTU in 2015 to nearly 250 quadrillion BTU by 2040.
– Oil industry and refinery gas is mostly manual system with many risks, such as explosion hazards, fire hazards and lightning, radiation, etc.
– With demand continuing to grow, oil and gas producers are in need to find new and better ways to capture energy and their increment in capital spending is mainly on new control equipment for better safety, reliability and low energy consumption.

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North America to Register a Significant Growth Rate

– North America is estimated to hold a major share in the market, owing to rise in industrial investment in the mining and oil and gas sectors, which fuelled the utilization of safety programmable controllers, thereby, propelling the market growth.
– The current trend of adopting automation and specific benefits, such as better diagnostics capabilities and reduced machine down-time are other drivers, which will contribute to the growth of the market over the forecast period in this region.

Recent Updates-

– May 2019 – nVent Electric plc, a global leader in electrical connection and protection solutions, launched nVents RAYCHEM Elexant 4010i, the first smart, connected controller from the Elexant family. It is designed to provide a safe, reliable and flexible control solution for industrial applications and the Elexant 4010i makes the control and maintenance of heat tracing technology smarter, safer and more cost-effective.

Major points covered in this research are:-

─Safety Programmable Controller Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers

─Global Market Size (Value) of Safety Programmable Controller (2020-2025)

─Global Safety Programmable Controller Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2025)

─Global Safety Programmable Controller Production, Revenue (Value), Price Trend by Type

─Global Safety Programmable Controller Market Analysis by Application

─Global Safety Programmable Controller Manufacturers Profiles/Analysis

─Safety Programmable Controller Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─Global Safety Programmable Controller Market Forecast (2020-2025)

─Competitive Landscape

─Research Findings and Conclusion

Finally, this Safety Programmable Controller report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Safety Programmable Controller product development and gives an outline of the potential Global market.

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