Allied Market Research

2024

Safety Drives Market

Safety Drives Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by End User Industry and by Vehicle Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

CM : Engineering, Equipment and Machinery

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Author's: | Sonia Mutreja
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Safety drives facilitate in reducing the downtime of machines and subsequently enhance the productivity. Further, the application of hybrid safety drive in low, medium, and high voltages equipment have numerous applications in various end-user industries.

Rise in industrial safety standards and demand for safe equipment are expected to drive the growth of the market in the coming years. Moreover, the cost-effectiveness and flexible functionality is also anticipated to fuel the adoption of the market in the coming years. However, stringent regulations associated with energy efficiency is expected to hinder the market growth during the forecast period.

The global safety drives market is segmented on the basis of by type, end-user industry, and geography. By type, the market is divided into AC motors and DC motors. By end-user industry, the market is classified into power generation, manufacturing, chemical, pharmaceutical, food & beverage, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players profiled in the report include Rockwell Automation, SIGMATEK Safety Systems, ABB Limited, Siemens, Beckhoff, B&R, WEG, CG Global, Hoerbiger, and Pilz.

Key Benefits

  • The study provides an in-depth analysis of the global safety drives market and current & future trends to elucidate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities is provided.
  • Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global market  is provided to determine the market potential.

Safety Drives Market Report Highlights

Aspects Details
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By Type
  • AC MOTORS
  • DC MOTORS
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By Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
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By End User Industry
  • POWER GENERATION
  • MANUFACTURING
  • CHEMICAL
  • PHARMACEUTICAL
  • FOOD & BEVERAGE
  • OTHERS
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By Geography
  • NORTH AMERICA
    • U.S.
    • Canada
    • Mexico
  • EUROPE
    • Germany
    • France
    • UK
    • Russia
    • Rest of Europe
  • ASIA-PACIFIC
    • Japan
    • China
    • Australia
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
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Key Market Players

SIEMENS, HOERBIGER, PILZ, WEG, CG GLOBAL, ABB LIMITED, B&R, BECKHOFF, SIGMATEK SAFETY SYSTEMS, ROCKWELL AUTOMATION

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Safety Drives Market

Global Opportunity Analysis and Industry Forecast, 2023-2032