Industrial Safety Relays and Timers Market (Updated Version Available)

Safety relays are devices that generally implement safety functions. Relays and contactors were used to control plant and machinery in the early days of control technology. In the event of a hazardous situation, the actuator was simply isolated from the energy supply. This type of protection system could be manipulated in the event of a malfunction, disabling the protective function. Special relay circuits, such as the three-contactor combination, were the first designs to come out of deliberations into how this could be avoided.
The design technology is the main difference between the safety relays. Three types of safety relays are Classic contact-based relay, Relays with electronic evaluation and contact-based volt-free outputs and Fully electronic devices with semiconductor outputs relays.
In 2019, the market size of Industrial Safety Relays and Timers is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Industrial Safety Relays and Timers.

This report studies the global market size of Industrial Safety Relays and Timers, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Industrial Safety Relays and Timers production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.

In global market, the following companies are covered:
ABB
EATON
Rockwell Automation
Schneider Electric
Siemens
Euchner-USA
Panasonic Electric Works
Pilz
SICK
Yokogawa Electric

Market Segment by Product Type
Classic contact-based relay
Electronic evaluation and contact-based volt-free outputs
Fully electronic devices

Market Segment by Application
Factory Automation
Power and Utility
Building Security

Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)

The study objectives are:
To analyze and research the Industrial Safety Relays and Timers status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Industrial Safety Relays and Timers manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

In this study, the years considered to estimate the market size of Industrial Safety Relays and Timers are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025