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North America Safety I/O Modules Market - By Types (Analog Module, Digital Module, Network Adaptor, Power Supply and Chassis, Intelligent ), Industry, Geography, Trends, Forecast - (2017 - 2022)

The North America Safety I/O Modules Market market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX.XX% during the forecast period of 2017 – 2022. The safety input-output modules provide all the basic advantages that the traditional distributed input/output safety systems provide. With the help of these new modules, one can control and monitor their safety devices. One can also detect a failure at input/output and field device levels, along with  enhancing the operator protection. The growing technological advancements have improved the safety parameters associated with these input/output modules, making their use in the hazardous zones even more feasible. This technological growth is bound to bring more improvements in the quality of the safety in input/output modules in the future. North America Safety I/O Modules Market-Market Dynamics The US is one of the top five countries that import the highest number of high-voltage protection equipment as well as low-voltage equipment, accounting for an import value of nearly USD 718 million (for high-voltage protection equipment) and a USD 9.26 billion (for low-voltage protection equipment). The US has the largest and most technologically developed economy in the world, with a positive per capita GDP. Business firms in the US enjoy a greater degree of flexibility compared to businesses in Japan and Western Europe in terms of innovation and expansion. Canada is equipped with a high-tech industrial economy and resembles the US in its market-oriented economic system, production pattern, and high living standards.   Drivers The key factors contributing to the growth of the North America safety input/output modules market are: Demand for intrinsically safe I/O modules Compulsory industrial or government safety standards Miniaturization of devices Demand for reduced wiring cost Reduced start-up machine time Restraints Weak domestic demand and inadequate exports business are some of the key challenges for the North America safety I/O modules market. The North America safety input/output modules market is broadly segmented based on types, end-users, and countries. Based on types, the market is segmented into analogue module (I/O), digital module (I/O), network adaptor, power supply & chassis, and intelligent I/O. Based on its verticals, the market is explained under automotive, energy & power, manufacturing, pharmaceutical, semiconductors, transportation, oil & gas, and others. Some of the key market players mentioned in the report are: ABB Bihl+Wiedemann GmbH Rockwell Automation Schneider Electric Siemens What the Report Offers Market definition for safety I/O modules along with identification of key drivers and restraints for the market Market analysis of the North America safety I/O modules market, with region-specific assessments Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share Identification and analysis of the macro and micro factors that affect the North America safety I/O modules market on both the global and regional scale A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

Published By: Mordor Intelligence
Published Date: Q1 2017

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