ASEAN Safety Sensors and Switches Market to Showcase Healthy Expansion at 9.7 % CAGR by 2029 End - PowerPoint PPT Presentation

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ASEAN Safety Sensors and Switches Market to Showcase Healthy Expansion at 9.7 % CAGR by 2029 End

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Safety sensors and switches are being installed almost everywhere, especially in manufacturing and processing industries such as automotive, oil & gas, pharmaceuticals, and food and beverages, where the risk of institutional and personnel damage is high. – PowerPoint PPT presentation

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Title: ASEAN Safety Sensors and Switches Market to Showcase Healthy Expansion at 9.7 % CAGR by 2029 End


1
ASEAN Safety Sensors and Switches Market Poised
to Expand at 9.7 CAGR During 2019 - 2029
  • March 2020

Report Id REP-GB-813 Published On 25 April
2019 Category Industrial Automation and
Equipment
2
AboutFuture Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
deliver a complete packaged solution, which
combines current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights, aerial view of the competitive
framework, and future market trends. We provide
research services at a global as well as regional
level key regions include GCC, ASEAN,
and BRIC. Our offerings cover a broad spectrum of
industries including Chemicals, Materials,
Energy, Technology, Healthcare, and Retail. We
have a global presence with delivery centers
across India specializing in providing global
research reports and country research reports.
FMI is headquartered out of London, U.K., with a
state-of-the-art delivery center located in Pune,
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  • Chemicals Materials
  • Food and Beverages
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  • Energy, Mining, Oil, and Gas

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For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email hari.t_at_futuremarketinsights.co
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3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
ASEAN Safety Sensors and Switches Market
  • The market for safety sensors and switches in
    ASEAN countries is likely to grow by more than
    8, yearly, in 2019. As depicted in a new
    research study of Future Market Insights (FMI),
    adoption of safety sensors and switches across
    the ASEAN industries will be prominently driven
    by those based in Indonesia, Malaysia, and
    Thailand. FMI has positioned Philippines and
    Vietnam as high-growth economies in the
    region's safety sensors and switches market.
  • Safety sensors and switches are being installed
    almost everywhere, especially in manufacturing
    and processing industries such as automotive, oil
    gas, pharmaceuticals, and food and beverages,
    where the risk of institutional and personnel
    damage is high. The high demand from these
    industries due to personnel safety regulations is
    expected to push the growth of the safety sensors
    and switches market within the region.
  • Automotive Aerospace Industry Generating
    Notable Demand
  • According to the report, the oil gas industry's
    resurgence, soaring utilization of heavy duty
    machinery across verticals, and thriving pace of
    industrial automation and Industry 4.0 adoption
    will collectively necessitate the demand for
    streamlining of safety and security measures,
    thereby driving the revenue of ASEAN's safety
    sensors and switches market.
  • Currently, over 60 of overall demand for safety
    sensors and switches is underpinned by the
    industrial end use sector, a third of which is
    accounted by the automotive and aerospace
    industry, followed by food and beverages industry
    operators. FMI's analysis reveals that oil gas,
    metal mining, and packaging industries will
    demonstrate high growth potential in the near
    future, in terms of adoption of safety sensors
    and switches.

5
ASEAN Safety Sensors and Switches Market
  • The report attributes surging installations of
    safety sensors and switches across industrial
    space to the tightening regulatory framework
    related to workplace safety and security,
    particularly for industrial workers. ASEAN
    economies are looking forward to levy stringent
    safety regulations in the case of industries and
    commercial spaces to avoid any kind of damage or
    loss to property or life. This according to the
    report has created a potential opportunity for
    the safety sensors and switches market.
  • Categorically, among all safety sensors and
    switches, pressure sensors and transducers are
    likely to hold a revenue share of over 2/5th of
    the total market value. The report prompts at a
    substantial incremental opportunity for
    electromagnetic relay, in forthcoming years,
    attributing the same to climbing sales of
    consumer electronic devices, cost-effective
    maintenance, and wide applicability of
    electromagnetic relay. The demand for emergency
    stop controls, pressure sensing safety sensors,
    and other safety devices will particularly gain
    momentum, as a result of rapid industrialization
    across leading ASEAN countries.
  • Moreover, while new installations of safety
    sensors and switches account for just-under 80
    of the ASEAN's total market value, FMI opines
    that the preference of end-use industries for new
    installation over retrofit will prevail in years
    to come.
  • ASEANs Manufacturers Facing Pricing Pressure
  • ASEAN market competition has been witnessing
    incessant support from prominent safety sensors
    and switches market participants based overseas.
    All the manufacturers are competing against each
    other as well as with foreign players in the
    machine safety products market to firm up in the
    marketplace. Moreover, several start-ups have
    been considering sustainability as a key area of
    focus in the safety sensors and switches
    development. According to FMIs analysis, this
    increasing competition scenario is imposing a
    negative impact on the price setting strategy,
    which is compelling manufacturers of safety
    sensors and switches in the ASEAN region to
    deliver offerings at lower prices.

6
ASEAN Safety Sensors and Switches Market
  • In an effort to remain at the edge of stiff
    market competition, key players have been
    prioritizing a set of parameters such as accuracy
    level, operational life, and brand value, while
    designing and engineering new safety sensors and
    switches.
  • The safety sensors and switches market report
    profiles some of the key companies that are
    operating in the ASEAN safety sensors and
    switches market, including Schneider Electric,
    Honeywell International, Emerson Electric Co.,
    Eaton, Carlo Gavazzi Automation S.p.A., OMRON
    Corporation, OMEGA Engineering, WIKA Alexander
    Wiegand SE Co. KG, TE Connectivity, VEGA
    Instruments Co., Ltd., Mitsubishi Electric
    Corporation, Texas Instruments, Infineon
    Technologies AG, Murata Manufacturing Co., Ltd.,
    Panasonic Corporation, Phoenix Contact, KEYENCE
    Corporation, and ZEBRA.
  • Press release Source _at_  https//www.globenewswire.
    com/news-release/2019/04/26/1810429/0/en/ASEAN-Saf
    ety-Sensors-and-Switches-Market-to-Reflect-a-Signi
    ficant-CAGR-of-9-7-During-2018-to-2028-Future-Mark
    et-Insights.html
  • About Us
  • Future Market Insights (FMI) is a leading market
    intelligence and consulting firm. We deliver
    syndicated research reports, custom research
    reports and consulting services which are
    personalized in nature. FMI delivers a complete
    packaged solution, which combines current market
    intelligence, statistical anecdotes, technology
    inputs, valuable growth insights and an aerial
    view of the competitive framework and future
    market trends.

7
ASEAN Safety Sensors and Switches Market
  • Contact Us
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    10989,United StatesT 1-347-918-3531F
    1-845-579-5705T (UK) 44 (0) 20 7692
    8790Sales sales_at_futuremarketinsights.com

8
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