Safety Programmable Controllers Market Projected to Grow at a Steady Pace During 2022-2026

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Presents a Research Report on Safety
Programmable Controllers Market
The report on the Safety Programmable Controllers
Market is segmented By Type (Modular, Compact,
Others), By End-Use (Automotive, Energy and
Power, Manufacturing, Pharmaceutical,
Semiconductors, Food and Beverage, Oil and Gas,
Others), and Region - COVID-19 Impact Analysis
and Forecast to 2026. This market research report
provides in-depth information on trends,
dynamics, revenue opportunities, competitive
landscape, and recent developments in the global
safety programmable controllers market.


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The Safety Programmable Controllers Market
Highlights Drivers

• The Safety Programmable Controllers Market is
  estimated to grow from USD 6.5 billion in 2020
  to USD 9.3 billion by 2026 at a healthy CAGR of
  6.3 during the forecast period.
• Growing demand for safety equipment and the
  rising need for simplified configuration is the
  key factor driving the product demand.
• Safety PLC combines the functionality of a
  control system with a safety system in one
  controller platform, enabling manufacturers to
  greatly reduce machine life cycle costs, which
  further augments the market growth during the
  review period. However, safety PLCs are highly
  expensive and require high initial investment
  when compared to standard PLC counterparts, thus
  hampering the industry growth.

• Market Insight
• By End-Use Trends
• Based on end-use, the safety programmable
  controllers market is categorized into
  automotive, energy and power, manufacturing,
  pharmaceutical, semiconductors, food and
  beverage, oil and gas, and others. The oil and
  gas segment held a significant market share in
  2020 and is estimated to register a healthy
  CAGR during the forecast timeline.
• In the oil and gas industry processes, there is
  usually a high demand for safety reliability
  and as per the US Energy Information
  Administration, the worlds annual energy
  consumption of oil gas is estimated to increase
  steadily from less than 200 quadrillions BTU in
  2015 to around 250 quadrillions BTU by 2040.
  Moreover, the oil refinery gas sector is a
  mostly manual system with many risks, such as
  fire hazards, explosion hazards, radiation,
  lightning, etc., thereby bolstering the segment
  growth.

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Market Insight Competitive Insights

• By Region
• By region, the North American market accounted
  for a significant share in 2020 and is expected
  to grow at the highest CAGR in the following
  years. This is mainly ascribed to an increase in
  industrial investment in the mining and oil gas
  sectors, which propelled the use of safety
  programmable controllers.
• Also, the presence of key product manufacturers
  and strong end-use industries such as oil gas,
  automotive, and pharmaceutical, further
  proliferate the regional market growth.
• Key Players
• Rockwell Automation (US)
• ABB Group (Switzerland)
• Siemens AG (Germany)
• Schneider Electric SE (France)
• Treotham (US)
• ASTRE Engineering (Tunisia)
• SICK Group (Germany)
• Mistubishi Electric Corporation (Japan)
• IDEC Corporation (Japan)
• Omron Corporation (Japan).

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Research Methodology
Data Analysis (Top Down and Bottom Up Approach)
Data Triangulation (Data Evaluation and Multiple
Data Triangulation)
Final Deliverables (Final Report with All
Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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Report Features

• This report provides market intelligence in the
  most comprehensive way. The report structure has
  been kept such that it offers maximum business
  value. It provides critical insights on the
  market dynamics and will enable strategic
  decision making for the existing market players
  as well as those willing to enter the market. The
  following are the key features of the report
• Market structure Overview, industry life cycle
  analysis, supply chain analysis.
• Market environment analysis Growth drivers and
  constraints, Porters five forces analysis, SWOT
  analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics Market share,
  product portfolio, product launches, etc.
• Attractive market segments and associated growth
  opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing
  and new players.
• Key success factors.

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