The safety programmable controllers market size has grown strongly in recent years. It will grow from $5.2 billion in 2023 to $5.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The expansion observed in the historical period can be attributed to several factors, including the rising incidents of industrial accidents prompting heightened awareness of safety measures, a growing focus on risk management to mitigate workplace hazards, increased attention to worker safety initiatives, industrial growth in emerging markets driving the demand for safety solutions, and the escalating complexity of industrial processes necessitating advanced safety protocols.
The safety programmable controllers market size is expected to see strong growth in the next few years. It will grow to $6.77 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The forecasted growth is driven by increasing automation adoption, 5G network integration, industrial IoT trends, Industry 4 adoption, and high demand for PLCs. Major trends include technological advancements, safety feature integration, compliance with safety standards, and Industry 4.0/IoT integration.
The increasing adoption of automation systems is anticipated to drive the growth of the safety programmable controller market in the coming years. Automation systems consist of hardware and software components that collaborate to automate processes or operations traditionally requiring human intervention. The rising demand for automation systems stems from the benefits they offer in terms of quality enhancement, scalability, and operational efficiency. Safety programmable controllers, a subset of automation systems, automate safety-related tasks such as emergency shutdowns, fault detection, and machine guarding. By reducing the need for continuous human monitoring, these controllers enhance efficiency, leading to increased output levels and optimal resource utilization for businesses. For example, data from October 2022, provided by the International Federation of Robotics, indicated a 31% year-over-year growth rate with 517,385 new industrial robots installed worldwide in 2021. This growth underscores the impact of automation adoption on the demand for safety programmable controllers.
Prominent companies in the safety programmable controller market are actively developing advanced automation controllers equipped with advanced information and safety control features to gain a competitive advantage. Advanced automation controllers are sophisticated computing devices deployed in industrial automation systems to manage and monitor diverse processes and machinery. For instance, in April 2023, Omron, a Japan-based electronics company, introduced NX502 automation controllers featuring advanced information control and safety control functionalities. These controllers are engineered to support high production quality and enhance energy productivity. They enable real-time analysis of production data, facilitate process modularization, and provide comprehensive safety control capabilities at large scales and high speeds. Such capabilities contribute to waste reduction, improved energy efficiency, and enhanced production efficiency across various industries.
In February 2023, HIMA, a Germany-based provider of automated solutions, completed the acquisition of Sella Controls in an undisclosed transaction. This strategic acquisition is aimed at expanding the product and service portfolio for railway and process industries, fostering international growth synergies, and bolstering the competitiveness of the HIMA Group. Both companies maintain a focus on safety-related automation, control solutions, and the digitalization of functional safety. Sella Controls, based in the UK, specializes in manufacturing safety programmable controllers, thus complementing HIMA's expertise in safety-related automation solutions.
Major companies operating in the safety programmable controllers market are Siemens AG, General Electric Company, Mistubishi 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.
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. The countries covered in the safety programmable controllers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Safety programmable controllers, also referred to as safety PLCs (programmable logic controllers), are specialized devices meticulously crafted to guarantee the secure operation of machinery and industrial processes. These controllers offer diagnostic functionalities, enabling operators to monitor the status of safety devices, diagnose issues, and conduct preventive maintenance to uphold ongoing safety compliance.
The primary types of safety programmable controllers encompass modular, compact, and various other configurations. Modular controllers feature a design that allows for the assembly of customized systems by integrating interchangeable modules, facilitating scalability and tailored solutions to cater to diverse safety requirements. These controllers utilize various technologies, including traditional, safety, and hybrid approaches, and find application across a spectrum of industries such as automotive, oil and gas, energy and power, pharmaceuticals, among others.
The safety programmable controllers market research report is one of a series of new reports that provides safety programmable controllers market statistics, including safety programmable controllers industry global market size, regional shares, competitors with safety programmable controllers market share, detailed safety programmable controllers market segments, market trends, and opportunities, and any further data you may need to thrive in the safety programmable controllers industry. This safety programmable controllers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The safety programmable controllers market consists of revenues earned by entities by providing services such as safety logic, fault tolerance, safe communication, monitoring and diagnostics, flexibility, and programmability. The market value includes the value of related goods sold by the service provider or included within the service offering. The safety programmable controllers market includes sales of redundant processors, safety communication protocols, and safety memory modules. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The safety programmable controllers market size is expected to see strong growth in the next few years. It will grow to $6.77 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The forecasted growth is driven by increasing automation adoption, 5G network integration, industrial IoT trends, Industry 4 adoption, and high demand for PLCs. Major trends include technological advancements, safety feature integration, compliance with safety standards, and Industry 4.0/IoT integration.
The increasing adoption of automation systems is anticipated to drive the growth of the safety programmable controller market in the coming years. Automation systems consist of hardware and software components that collaborate to automate processes or operations traditionally requiring human intervention. The rising demand for automation systems stems from the benefits they offer in terms of quality enhancement, scalability, and operational efficiency. Safety programmable controllers, a subset of automation systems, automate safety-related tasks such as emergency shutdowns, fault detection, and machine guarding. By reducing the need for continuous human monitoring, these controllers enhance efficiency, leading to increased output levels and optimal resource utilization for businesses. For example, data from October 2022, provided by the International Federation of Robotics, indicated a 31% year-over-year growth rate with 517,385 new industrial robots installed worldwide in 2021. This growth underscores the impact of automation adoption on the demand for safety programmable controllers.
Prominent companies in the safety programmable controller market are actively developing advanced automation controllers equipped with advanced information and safety control features to gain a competitive advantage. Advanced automation controllers are sophisticated computing devices deployed in industrial automation systems to manage and monitor diverse processes and machinery. For instance, in April 2023, Omron, a Japan-based electronics company, introduced NX502 automation controllers featuring advanced information control and safety control functionalities. These controllers are engineered to support high production quality and enhance energy productivity. They enable real-time analysis of production data, facilitate process modularization, and provide comprehensive safety control capabilities at large scales and high speeds. Such capabilities contribute to waste reduction, improved energy efficiency, and enhanced production efficiency across various industries.
In February 2023, HIMA, a Germany-based provider of automated solutions, completed the acquisition of Sella Controls in an undisclosed transaction. This strategic acquisition is aimed at expanding the product and service portfolio for railway and process industries, fostering international growth synergies, and bolstering the competitiveness of the HIMA Group. Both companies maintain a focus on safety-related automation, control solutions, and the digitalization of functional safety. Sella Controls, based in the UK, specializes in manufacturing safety programmable controllers, thus complementing HIMA's expertise in safety-related automation solutions.
Major companies operating in the safety programmable controllers market are Siemens AG, General Electric Company, Mistubishi 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.
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. The countries covered in the safety programmable controllers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Safety programmable controllers, also referred to as safety PLCs (programmable logic controllers), are specialized devices meticulously crafted to guarantee the secure operation of machinery and industrial processes. These controllers offer diagnostic functionalities, enabling operators to monitor the status of safety devices, diagnose issues, and conduct preventive maintenance to uphold ongoing safety compliance.
The primary types of safety programmable controllers encompass modular, compact, and various other configurations. Modular controllers feature a design that allows for the assembly of customized systems by integrating interchangeable modules, facilitating scalability and tailored solutions to cater to diverse safety requirements. These controllers utilize various technologies, including traditional, safety, and hybrid approaches, and find application across a spectrum of industries such as automotive, oil and gas, energy and power, pharmaceuticals, among others.
The safety programmable controllers market research report is one of a series of new reports that provides safety programmable controllers market statistics, including safety programmable controllers industry global market size, regional shares, competitors with safety programmable controllers market share, detailed safety programmable controllers market segments, market trends, and opportunities, and any further data you may need to thrive in the safety programmable controllers industry. This safety programmable controllers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The safety programmable controllers market consists of revenues earned by entities by providing services such as safety logic, fault tolerance, safe communication, monitoring and diagnostics, flexibility, and programmability. The market value includes the value of related goods sold by the service provider or included within the service offering. The safety programmable controllers market includes sales of redundant processors, safety communication protocols, and safety memory modules. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Safety Programmable Controllers Market Characteristics3. Safety Programmable Controllers Market Trends and Strategies32. Global Safety Programmable Controllers Market Competitive Benchmarking33. Global Safety Programmable Controllers Market Competitive Dashboard34. Key Mergers and Acquisitions in the Safety Programmable Controllers Market
4. Safety Programmable Controllers Market - Macro Economic Scenario
5. Global Safety Programmable Controllers Market Size and Growth
6. Safety Programmable Controllers Market Segmentation
7. Safety Programmable Controllers Market Regional and Country Analysis
8. Asia-Pacific Safety Programmable Controllers Market
9. China Safety Programmable Controllers Market
10. India Safety Programmable Controllers Market
11. Japan Safety Programmable Controllers Market
12. Australia Safety Programmable Controllers Market
13. Indonesia Safety Programmable Controllers Market
14. South Korea Safety Programmable Controllers Market
15. Western Europe Safety Programmable Controllers Market
16. UK Safety Programmable Controllers Market
17. Germany Safety Programmable Controllers Market
18. France Safety Programmable Controllers Market
19. Italy Safety Programmable Controllers Market
20. Spain Safety Programmable Controllers Market
21. Eastern Europe Safety Programmable Controllers Market
22. Russia Safety Programmable Controllers Market
23. North America Safety Programmable Controllers Market
24. USA Safety Programmable Controllers Market
25. Canada Safety Programmable Controllers Market
26. South America Safety Programmable Controllers Market
27. Brazil Safety Programmable Controllers Market
28. Middle East Safety Programmable Controllers Market
29. Africa Safety Programmable Controllers Market
30. Safety Programmable Controllers Market Competitive Landscape and Company Profiles
31. Safety Programmable Controllers Market Other Major and Innovative Companies
35. Safety Programmable Controllers Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Safety Programmable Controllers Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on safety programmable controllers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for safety programmable controllers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The safety programmable controllers market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Modular; Compact; Other Types2) by Technology: Traditional; Safety; Hybrid
3) by Application: Automotive; Oil and Gas; Energy and Power; Pharmaceutical; Other Applications
Key Companies Mentioned: Siemens AG; General Electric Company; Mitsubishi Electric Corporation; Schneider Electric SE; Honeywell International Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | June 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 5.47 Billion |
Forecasted Market Value ( USD | $ 6.77 Billion |
Compound Annual Growth Rate | 5.5% |
Regions Covered | Global |