Global Emergency Stop Devices Market, By Components (Buttons, Cables and Cords, Adaptors, Distribution Box, Relays, Gateways, T-Couplers, Distribution Box, Others), Implementation (Embedded Components, Individual Components), Application (Robotics, Metal Working, Assembly, Packaging, Material Handling, Others), End User (Chemicals, Semiconductors and Electronics, Oil and Gas, Energy and Power, Healthcare, Automotive, Aerospace, Food and Beverages, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Emergency Stop Devices Market Analysis and Insights : Global Emergency Stop Devices Market
Emergency stop devices market size is valued at USD 6,851.49 million by 2028 is expected to grow at a compound annual growth rate of 5.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on emergency stop devices provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Emergency stop devices are the type of equipment which is incorporated with machines or equipments in factories and industries to put an instant stop to its operations in any emergency. These devices are particularly used for halting the working of machinery if the life of a worker or if the machines are in danger or even if the products being produced are not of designated excellence.
The rising prevalence of industrial accidents which requires precautions and steps for the protection and safety of workers has been directly influencing the growth of emergency stop devices market over the forecast period of 2021 to 2028. Also the increasing requirement for reliable safety systems to ensure personnel and asset protection is also flourishing the growth of the emergency stop devices market. In addition, the increasing demand for safety systems in the oil and gas industry as well as execution of regulatory measures by several governments for industrial safety are also positively impacting the growth of the market. Furthermore, the high growths in the number of accidents at the workplace and an increasing number of hazardous explosions are also largely lifting the growth of the emergency stop devices market.
However, the dearth of awareness and complexity of standards as well as the high investments required for automation and installing these systems are acting as the major limitations for the growth of emergency stop devices in the forecast period of 2021 to 2028, whereas the failure to access all machinery-related risks and lack of common standards have the potential to challenge the growth of the emergency stop devices market.
Likewise, the increasing acceptance of workplace safety standards in emerging economies along with high rising usage of industrial internet of things will further cater ample new opportunities that will lead to the growth of the emergency stop devices market in the above mentioned forecasted period.
This emergency stop devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on emergency stop devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Emergency Stop Devices Market Scope and Market Size
Emergency stop devices market is segmented on the basis of component, implementation, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The component segment of the emergency stop devices market is segmented into buttons, cables and cords, adaptors, distribution box, relays, gateways, t-couplers, distribution box and others. Buttons have further been segmented into push buttons and rope (cable) pull buttons.
- On the basis of implementation, the emergency stop devices market is segmented into embedded components and individual components.
- Based on application, the emergency stop devices market is segmented into robotics, metal working, assembly, packaging, material handling and others.
- Emergency stop devices market is also segmented on the basis of end user into chemicals, semiconductors and electronics, oil and gas, energy and power, healthcare, automotive, aerospace, food and beverages and others.
Emergency Stop Devices Market Country Level Analysis
Emergency stop devices market is analyzed and market size, volume information is provided by country, component, implementation, application and end user as referenced above.
The countries covered in the emergency stop devices market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Europe leads the emergency stop devices market due to the growing need for more severe control of a process, particularly with regards to its efficiency and safety in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to rising industrial and growing machine safety emphasis by the organizations and influence of multinational companies in adoption of safety systems in the region.
The country section of the emergency stop devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Emergency Stop Devices Market Share Analysis
Emergency stop devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to emergency stop devices market.
The major players covered in the emergency stop devices market report are Schneider Electric, Rockwell Automation, Inc., Bihl+Wiedemann GmbH, Belden Inc., Murrelektronik GmbH, Siemens, PARMLEY GRAHAM LTD, Pilz GmbH & Co. KG,NKK SWITCHES CO., LTD., Weidmüller Interface GmbH & Co. KG, Gebrüder Frei GmbH & Co. KG, ABB, KEYENCE CORPORATION, Pepperl+Fuchs, Laird Technologies, Inc, Honeywell International Inc.,Balluff Inc,Omron Corporation, SICK AG and Mitsubishi Electric Corporationamong other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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