Global Safety Input output Modules Market – Global Industry Analysis and Forecast (2018-2026)
Global Safety Input output Modules Market was valued US$ XX Bn in 2017 and is estimated to reach US$ XX Bn by 2026 at a CAGR of 6.2%.
Safety I/O (Input and Output) modules offer all the flexibilities of the traditional distributed I/O safety systems. The I/O module is a mediator between the controller and an external device. It monitors information exchange among peripheral devices. The importance of safety I/O devices arose from the dire essential for efficient and reliable infrastructure in hazardous environments.
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Some of the driving factors of the Global 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. The volatility in the prices of raw materials for making I/O modules is a factor which restricts the global safety I/O modules market growth.
The automotive industry is one of the fastest growing segments of safety I/O modules. With a growing demand for automobiles across the world, companies are pushing towards automated systems to the rising productivity of the existing plants. Several automotive manufacturers are either establishing new manufacturing infrastructure across the world or moving the processes in automotive manufacturing, from manual labour to robotic machinery. So, with the increase in a number of industrial robots and automation, there is a need for interfacing these systems with centralized controllers. The automotive industry is thus deploying I/O modules, for monitoring, data collecting, and controlling these systems.
Region-wise, North America is dominating the global safety I/O modules market during the forecast period. In North America, U.S holds the largest share of the global markets dealing with the Safety I/O modules. The U.S has the largest and most technologically developed economy in the world, with a positive per capita GDP. Business firms in the U.S enjoy a greater degree of flexibility compared to businesses in Europe and Japan in terms of innovation and expansion.
Key players operating in Global Safety Input output Modules Market, ABB, Siemens, Honeywell International, Schneider, Electric Parmley, Graham, Murrelektronik Lumberg, Automation Bihl+Wiedemann GmbH, Mouser Electronics, Newtech Engineering.
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Scope of Global Safety Input output Modules Market
Global Safety Input output Modules Market, by Product
• Analog Module
• Digital Module
Global Safety Input output Modules Market, by End User
• Manufacturing
• Automotive industry
• Healthcare
• Energy
• Others
Global Safety Input output Modules Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key Players operating in Global Safety Input output Modules Market
• ABB
• Siemens
• Honeywell International
• Schneider Electric
• Parmley Graham
• Murrelektronik
• Lumberg Automation
• Bihl+Wiedemann GmbH
• Mouser Electronics
• Newtech Engineering
MAJOR TOC OF THE REPORT
Chapter One: Safety Input output Modules Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Safety Input output Modules Market Competition, by Players
Chapter Four: Global Safety Input output Modules Market Size by Regions
Chapter Five: North America Safety Input output Modules Revenue by Countries
Chapter Six: Europe Safety Input output Modules Revenue by Countries
Chapter Seven: Asia-Pacific Safety Input output Modules Revenue by Countries
Chapter Eight: South America Safety Input output Modules Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Safety Input output Modules by Countries
Chapter Ten: Global Safety Input output Modules Market Segment by Type
Chapter Eleven: Global Safety Input output Modules Market Segment by Application
Chapter Twelve: Global Safety Input output Modules Market Size Forecast (2019-2026)
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