Press release
Global Safety Drives Market Will Hit At CAGR Of 6.76% During Years 2017-2021
About Safety Drives Market
Safety drives are drives that are integrated with safety functionality like safe torque off (STO), safe speed control, safe monitoring, and self-diagnostics, reducing the need for circuit breaker or relays. This increases the overall machine performance and reduces downtime in the industrial process. End-user industries in the global safety drives market include utility, manufacturing, healthcare, oil and gas, food and beverage, and others; the others segment includes industries such as water and wastewater treatment, HVAC, mining and metal, heavy machinery, paper and pulp, and chemical.
Technavios analysts forecast the global safety drives market to grow at a CAGR of 6.76% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global safety drives market for 2017-2021. To calculate the market size, the report considers new installations, sales value, and services market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Safety Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ABB
Beckhoff
Rockwell Automation
Siemens
SIGMATEK
Other prominent vendors
B&R (Part of ABB group)
HOERBIGER
WEG
Kollmorgen
Pilz
CG Global
Technosoft
Ketterer
Shenzhen INVT Electric
Schneider Electric
Shenzhen Sikes Electric
Market driver
Cost-effectiveness and flexibility of safety drives
For a full, detailed list, view our report
Market challenge
Higher need for preventive maintenance for safety drives
For a full, detailed list, view our report
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Market trend
Emerging need for hybrid safety drives
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by end-user
Market overview
Global safety drives market in utility industry
Global safety drives market in manufacturing industry
Global safety drives market in healthcare industry
Global safety drives market in oil and gas industry
Global safety drives market in food and beverage industry
Global safety drives market in other industries
PART 07: Geographical segmentation
Market overview
Safety drives market in EMEA
Safety drives market in APAC
Safety drives market in Americas
PART 08: Decision framework
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PART 09: Drivers and challenges
Market drivers
Market challenges
PART 10: Market trends
Emerging need for hybrid safety drives
Integration of Industrial Internet of Things in safety drives
Growing concern for renewable energy and regulation on energy efficiency
PART 11: Vendor landscape
Competition review
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