What Fueled The Previous Growth In The Safety Programmable Controllers Market?
The safety programmable controllers market has seen considerable growth due to a variety of factors.
• In the recent past, the safety programmable controllers market has seen potent growth. From a valuation of $5.47 billion in 2024, this market is projected to reach $5.78 billion in 2025, marking a compound annual growth rate (CAGR) of 5.8%.
The historical growth trajectory is linked to a rise in industrial accidents, a heightened focus on risk management and worker safety, the industrial boom in emerging markets, and the growing intricacy of industrial procedures.
What Can Be Expected from the Safety Programmable Controllers Market Size?
The safety programmable controllers market is expected to maintain its strong growth trajectory in upcoming years.
• It is anticipated that the safety programmable controllers market will witness substantial expansion in the upcoming years, with the market size projected to reach $7.14 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.4%.
This growth during the predicted period can be ascribed to the rising endorsement of automated systems, the increasing implementation of 5G network infrastructure, the burgeoning inclination towards industrial IoT, the uptrend of industry 4.0 adoption and the increased demand for PLCs across various industries. Key trends for this projected period encompass technological innovation, incorporation of safety features, an emphasis on functional safety norms, the integration of 4.0 industry technology and IoT.
What Are the Critical Driver Fuelling The Safety Programmable Controllers Market's Growth?
The growing implementation of automation systems plays a crucial role in driving the expansion of the safety programmable controller market. Defined as an amalgamation of hardware and software, automation systems automate processes traditionally requiring human intervention; sparking interest due to their ability to enhance quality, scalability, and efficiency. Safety programmable controllers specifically automate safety actions like emergency shutdowns, fault detections, and machine guarding, consequently reducing human surveillance requirements and boosting efficiency. This aids in elevating output levels and optimizing resources for companies. For example, data from the International Federation of Robotics, a non-profit organization based in Germany, revealed that 517,385 new industrial robots were installed globally in industries in October 2022, illustrating a growth rate of 31% compared to the previous year. Thus, the growing implementation of automation systems is a core driver of the safety programmable controller market's expansion.
How Is The Safety Programmable Controllers Market segmented?
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
Subsegments:
1) By Modular: Safety PLC Modules, I/O Modules For Safety PLC
2) By Compact: Compact Safety PLCs, Integrated Safety Modules
3) By Other Types: Hybrid Safety Controllers, Integrated Safety Systems
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How Are New Trends Impacting The Size Of The Safety Programmable Controllers Market?
Leading businesses functioning within the safety programmable controller industry are creating progressive automation controllers featuring cutting-edge information and safety management in order to establish a competitive advantage. Sophisticated computing devices known as advanced automation controllers, which are utilized in industrial automation systems to supervise and regulate numerous processes and operations. Take for example, in April 2023 Omron, an electronics firm originating from Japan, launched the NX502 advanced information control and safety control featured automation controllers. Designed to facilitate superior production quality and promote efficient energy use, these controllers provide real-time analysis of manufacturing-related data, process modularization, as well as large scale and high-speed safety control. This contributes to waste reduction, increased energy productivity and boosted production effectiveness across various sectors.
Who Are the Key Players In The Safety Programmable Controllers Market?
Major companies operating in the safety programmable controllers market report are:
• Siemens AG
• General Electric Company
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Honeywell International Inc.
• ABB Group
• Eaton Corporation
• Emerson Electric Co.
• Rockwell Automation
• Bosch Rexroth AG
• Fuji Electric Co. Ltd.
• Omron Corporation
• Keyence Corporation
• Phoenix Contact GmbH & Co. KG
• Yokogawa Electric Corporation
• Sick AG
• Advantech Co. Ltd.
• WAGO
• Beckhoff Automation GmbH & Co. KG
• Hans Turck GmbH & Co. KG
• B&R Industrial Automation GmbH
• Banner Engineering Corp.
• IDEC Corporation
• Pilz GmbH & Co. KG
• Leuze electronic Pvt. Ltd.
• Treotham Automation Pty Ltd.
What Is The Most Dominant Region In The Safety Programmable Controllers Market?
North America was the largest region in the safety programmable market in 2024. 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.
