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North America Safety Programmable Controllers Market - By Types (Modular, Compact), Industry, Geography, Trends, Forecast - (2017 - 2022)

The North America Safety Programmable Controllers 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 Programmable Controllers are a bit different from the traditional PLC systems. These controllers provide better monitoring facilities as well as self-diagnostics than the standard PLCs and are in fact, an improvement over the traditional hardwired electromechanical systems. The drivers of programmable safety controller adoption include a set of international standards such as, EN ISO 13849-1/2 (safety of machinery safety related parts of control systems), IEC/EN 62061 (safety of machinery functional safety of electrical, electronic and programmable electronic control systems)  and IEC 61131 (programmable logic controllers).  With the existence of these safety standards, the industry has started moving faster towards incorporating the new safety technology into their products. These safety programmable controllers have dual microprocessors and circuits for synchronous detection and constant monitoring of Flash and RAM. The standard PLC inputs have no means of testing the functionality of their input circuits, while programmable safety controllers actually do. The US is the largest and the 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.  While 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.   United States is one of the top five countries that imports the highest number of High-Voltage Protection Equipment as well as Low voltage equipment that accounts for an import value of nearly $718 million (High-Voltage Protection Equipment and a $9.26 billion (Low-Voltage Protection Equipment). The North America Safety Programmable Controllers market is estimated to be worth $xx billion in 2015 and is projected to grow at a CAGR of xx.xx% during the forecast period to reach $xx billion by 2020. The North America Safety Programmable Controllers market is broadly segmented on the basis of types, end users and geography. On the basis of types, the safety programmable controllers market has been segmented into Modular, Compact and others.As per the end-users, its applications could be explained under segments such as Automotive, Energy and Power, Manufacturing, Pharmaceutical, Food and Beverages, Oil & Gas and others. Some of the market players mentioned in the report are Rockwell Automation, Treotham, ASTRE Engineering, Siemens, ABB, SICK Group and more. Drivers The key factors contributing to the growth of North America Safety Programmable Controllers Market are Need for Functional Flexibility, Demand for Safe Equipment, Industry Safety Standards, Cost Effective Systems and Need for Simplified Configuration. Challenges Complexity of standards, unavailability, training, maintenance and stocking costs are the key challenges of the Safety Programmable Controllers Market. What the report offers Market Definition for the Safety Programmable Controllers along with identification of key drivers and restraints for the market Market analysis of North America Safety Programmable Controllers market, with region specific assessments Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the North American Safety Programmable Controllers market on the global and regional fronts Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares   Identification and analysis of the Macro and Micro factors that affect the North America Safety Programmable Controllers market on both global and regional scales 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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