Global Safety Programmable Controllers Market Size Forecast 2024 - 2033
19 Dec, 2024
What Is The Scope Of The Global Safety Programmable Controllers Market?
Safety programmable controllers, also known as safety PLCs (programmable logic controllers), are specialized devices designed to ensure the safe operation of machinery and industrial processes. They provide diagnostic capabilities, allowing operators to monitor the status of safety devices, troubleshoot issues, and perform preventive maintenance to ensure continued safety compliance.
Safety Programmable Controllers Global Market Report 2024 provides data on the global safety programmable controllers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Safety Programmable Controllers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Safety Programmable Controllers?
The safety programmable controllers market has grown strongly, from $5.20 billion in 2023 to $5.47 billion in 2024, at a CAGR of 5.1%. The historic growth is driven by increasing industrial accidents, focus on risk management and worker safety, industrial growth in emerging markets, and the complexity of industrial processes. The market is expected to grow to $6.77 billion by 2028, with a CAGR of 5.5%, due to the adoption of automation systems, 5G network infrastructure, industrial IoT, Industry 4.0, and high demand for PLCs in various industries. Trends include technological advancements, safety feature integration, functional safety standards, Industry 4.0, and IoT integration.
What Are The Leading Drivers Of Growth In The Safety Programmable Controllers Market?
The increasing adoption of automation systems is fostering growth in the safety programmable controller market. Automation systems streamline operations by automating tasks that traditionally require human intervention, enhancing efficiency and scalability for businesses. Safety programmable controllers automate safety functions such as emergency shutdowns and fault detection, reducing reliance on constant human monitoring. The International Federation of Robotics reported a 31% year-over-year growth in industrial robot installations globally in 2021. This widespread adoption of automation systems is driving demand for safety programmable controllers, positioning the market for growth through 2023, 2024, and beyond.
Get Your Free Sample of the Global Safety Programmable Controllers Market ReportHow Are The Segments Defined Within The Global Safety Programmable Controllers Market?
The safety programmable controllers market covered in this report is segmented –
1) By Type : Modular, Compact, Other Types
2) By Technology: Traditional, Safety, Hybrid
3) By Application: Automotive, Oil And Gas, Energy And Power, Pharmaceutical, Other Applications
How Are New Trends Expected To Influence The Growth Of The Safety Programmable Controllers Market?
Key companies in the safety programmable controller market are advancing automation controllers with enhanced information and safety control features. These sophisticated devices are used in industrial automation systems to oversee and regulate various processes and machinery. For example, in April 2023, Omron, a Japan-based electronics company, launched the NX502 automation controllers, which offer advanced information control and safety control features. These controllers are designed to improve production quality and energy efficiency. They enable real-time analysis of production data, modularization of processes, and large-scale, high-speed safety control, helping to reduce waste, enhance energy productivity, and boost production efficiency across different industries.
Which Region Drives The Highest Growth In The Safety Programmable Controllers Market?
North America was the largest region in the safety programmable market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the safety programmable controllers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.