Report Code: A04105 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
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Request Now !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
Safety Drives Market Report Highlights
Aspects | Details |
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By Type |
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By Vehicle Type |
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By End User Industry |
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By Geography |
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Key Market Players | HOERBIGER, SIGMATEK SAFETY SYSTEMS, BECKHOFF, SIEMENS, B&R, PILZ, CG GLOBAL, WEG, ABB LIMITED, ROCKWELL AUTOMATION |
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