Global Industrial Safety Relays and Timers Market 2017-2021 - Increasing Use of Smart and Programmable Timers

DUBLIN, November 24, 2017 /PRNewswire/ --

The "Global Industrial Safety Relays and Timers Market 2017-2021" report has been added to Research and Markets' offering.

The global industrial safety relays and timers market to grow at a CAGR of 4.23% during the period 2017-2021.

Global Industrial Safety Relays and Timers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the retail selling price is considered as the average selling price of the product..

The latest trend gaining momentum in the market is Increasing use of multi-function safety relays instead of single-function relays. A multi-function safety relay has multiple inputs and outputs. In many applications, a single-function safety relay may not be effective enough to be used while a safety PLC may not be economically viable. In such instances, a multi-function safety relay is effective. This is because it is simple in installation compared with a PLC but better than a single-function safety relay. Single-function safety relays are best suited to control machines with three or less than three safety inputs. Beyond that when safety functions increase considerably, safety PLCs are used. However, a multi-function safety relay is more viable.

According to the report, one of the major drivers for this market is Increasing use of smart and programmable timers. There have been technological advances in electronic timers. These advanced timers offer smart operations with developed control and monitoring functions. The primary benefit that these timers offer is that they can be operated within a wider temperature range, making it easy to use them under harsh environmental conditions. These have been inducing the use of smart timers in industries.

Further, the report states that one of the major factors hindering the growth of this market is Increase in use of safety PLCs over safety relays. With the increase in safety functions, the complexity associated with them has also been growing. Safety relays work best when safety points are less than two or three. Beyond that, the system becomes too complex and cumbersome for safety relays to handle. In such a situation, a safety programmable logic controller (PLC) makes a suitable option to address difficult applications. A safety PLC integrates functions of a control system with a safety system under one platform. With the help of a safety PLC, safety networks can monitor all the devices on a single safety network. Another advantage of a safety PLC over safety relays is that the expansion or change in a safety function is cost effective and easier in a PLC.

Key vendors

• ABB
• EATON
• Rockwell Automation
• Schneider Electric
• Siemens

Other prominent vendors

• Euchner-USA
• Panasonic Electric Works
• Pilz
• SICK AG
• Yokogawa Electric Corporation

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By End-User

Part 07: Regional Landscape

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/4vz2lk/global_industrial

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716