Safety Programmable Controllers Market Size to Grow by USD 2.43 billion | Rapid Globalization of Industries to Drive Growth | Discover Company Insights in Technavio

NEW YORK, May 4, 2022 /PRNewswire/ -- The safety programmable controllers market has been categorized as a part of the global electronic equipment and instruments market within the overall electronics market. The global market is estimated to grow by USD 2.43 bn from 2021 to 2026. Moreover, the growth momentum of the market will accelerate at a CAGR of 6.66%.

Technavio has announced its latest market research report titled Safety Programmable Controllers Market by Type and Geography - Forecast and Analysis 2022-2026

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Market Dynamics

The rapid globalization of industries is driving the global safety programmable controllers market growth. Many companies based in developed economies such as the US and Western Europe are shifting their focus toward emerging economies such as China, India, Indonesia, and Brazil to reduce production costs. In addition, these emerging countries are witnessing rapid growth of various industries, including oil and gas, automotive, chemicals, and food and beverage.

The shortage of skilled labor to maintain and operate automation systems is challenging the global safety programmable controllers market growth. Safety system operators need to have the knowledge as well as the technical ability to work on these systems. However, the pool of people with these skills is declining.

For more information about other drivers and challenges impacting the growth of the market, View our Exclusive Sample Report

Company Profiles

Some of the companies covered in this report are ABB Ltd., ASTRE Engineering, B and R Industrial Automation GmbH, Beckhoff Automation GmbH and Co. KG, Eltime Controls, IDEC Corp., Ingenious Power and Control Systems Pvt. Ltd., Keyence Corp., Leuze electronic GmbH + Co. KG, Panasonic Corp., Pilz GmbH and Co. KG, Rockwell Automation Inc., SICK AG, Siemens AG, Treotham Automation Pty. Ltd., Yacoub Automation GmbH, JTEKT Corp., OMRON Corporation, Mitsubishi Electric Corp., and Schneider Electric SE etc.

Competitive Analysis

The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By type, the market is classified into modular and compact. The modular segment will contribute the largest share of the market. The significant increase in the adoption of modular safety programmable controllers by various end-users is expected to drive the growth of the segment in the coming years. Moreover, modular safety programmable controllers provide flexibility to add more than one system, which makes the module multi-functional.
  • By geography, the market is classified as APAC, North America, Europe, Middle East and Africa, and South America. APAC will have the largest share of the market. Rapid industrialization; rise in demand for medium-voltage and low-voltage motors; and an increase in investments in the oil and gas, power, water and wastewater treatment, automotive, and food and beverage industries will drive the safety programmable controllers market growth in APAC during the forecast period.

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Safety Programmable Controllers Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.66%

Market growth 2022-2026

USD 2.43 billion

Market structure

Fragmented

YoY growth (%)

5.91

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 31%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., ASTRE Engineering, B and R Industrial Automation GmbH, Beckhoff Automation GmbH and Co. KG, Eltime Controls, IDEC Corp., Ingenious Power and Control Systems Pvt. Ltd., Keyence Corp., Leuze electronic GmbH + Co. KG, Panasonic Corp., Pilz GmbH and Co. KG, Rockwell Automation Inc., SICK AG, Siemens AG, Treotham Automation Pty. Ltd., Yacoub Automation GmbH, JTEKT Corp., OMRON Corporation, Mitsubishi Electric Corp., and Schneider Electric SE

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact 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: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

  • 5.1 Market segments
    • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
  • 5.2 Comparison by Type
    • Exhibit 26: Chart on Comparison by Type
    • Exhibit 27: Data Table on Comparison by Type
  • 5.3 Modular - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Modular - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Modular - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Modular - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Modular - Year-over-year growth 2021-2026 (%)
  • 5.4 Compact - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Compact - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Compact - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Compact - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Compact - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Type
    • Exhibit 36: Market opportunity by Type ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 APAC - Market size and forecast 2021-2026
    • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.4 North America - Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Japan - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.11 Germany - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.12 UK - Market size and forecast 2021-2026
    • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 ABB Ltd.
    • Exhibit 89: ABB Ltd. - Overview
    • Exhibit 90: ABB Ltd. - Business segments
    • Exhibit 91: ABB Ltd. - Key offerings
    • Exhibit 92: ABB Ltd. - Segment focus
  • 10.4 ASTRE Engineering
    • Exhibit 93: ASTRE Engineering - Overview
    • Exhibit 94: ASTRE Engineering - Product / Service
    • Exhibit 95: ASTRE Engineering - Key offerings
  • 10.5 IDEC Corp.
    • Exhibit 96: IDEC Corp. - Overview
    • Exhibit 97: IDEC Corp. - Business segments
    • Exhibit 98: IDEC Corp. - Key offerings
    • Exhibit 99: IDEC Corp. - Segment focus
  • 10.6 Mitsubishi Electric Corp.
    • Exhibit 100: Mitsubishi Electric Corp. - Overview
    • Exhibit 101: Mitsubishi Electric Corp. - Business segments
    • Exhibit 102: Mitsubishi Electric Corp. - Key news
    • Exhibit 103: Mitsubishi Electric Corp. - Key offerings
    • Exhibit 104: Mitsubishi Electric Corp. - Segment focus
  • 10.7 OMRON Corporation
    • Exhibit 105: OMRON Corporation - Overview
    • Exhibit 106: OMRON Corporation - Business segments
    • Exhibit 107: OMRON Corporation - Key news
    • Exhibit 108: OMRON Corporation - Key offerings
    • Exhibit 109: OMRON Corporation - Segment focus
  • 10.8 Rockwell Automation Inc.
    • Exhibit 110: Rockwell Automation Inc. - Overview
    • Exhibit 111: Rockwell Automation Inc. - Business segments
    • Exhibit 112: Rockwell Automation Inc. - Key news
    • Exhibit 113: Rockwell Automation Inc. - Key offerings
    • Exhibit 114: Rockwell Automation Inc. - Segment focus
  • 10.9 Schneider Electric SE
    • Exhibit 115: Schneider Electric SE - Overview
    • Exhibit 116: Schneider Electric SE - Business segments
    • Exhibit 117: Schneider Electric SE - Key news
    • Exhibit 118: Schneider Electric SE - Key offerings
    • Exhibit 119: Schneider Electric SE - Segment focus
  • 10.10 SICK AG
    • Exhibit 120: SICK AG - Overview
    • Exhibit 121: SICK AG - Business segments
    • Exhibit 122: SICK AG - Key offerings
    • Exhibit 123: SICK AG - Segment focus
  • 10.11 Siemens AG
    • Exhibit 124: Siemens AG - Overview
    • Exhibit 125: Siemens AG - Business segments
    • Exhibit 126: Siemens AG - Key news
    • Exhibit 127: Siemens AG - Key offerings
    • Exhibit 128: Siemens AG - Segment focus
  • 10.12 Treotham Automation Pty. Ltd.
    • Exhibit 129: Treotham Automation Pty. Ltd. - Overview
    • Exhibit 130: Treotham Automation Pty. Ltd. - Product / Service
    • Exhibit 131: Treotham Automation Pty. Ltd. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 132: Inclusions checklist
    • Exhibit 133: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 134: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 135: Research methodology
    • Exhibit 136: Validation techniques employed for market sizing
    • Exhibit 137: Information sources
  • 11.5 List of abbreviations
    • Exhibit 138: 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 consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. 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.

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