Safety Sensors & Switches Market Carve Out $12.3 Billion By 2025

According to ResearchMoz’s latest report, the global market for safety sensors and switches is projected to expand at an impressive CAGR of 10.7% from 2017 to 2025. In 2017, the global market for safety sensors and switches was valued at around $13.8 Billion and is estimated pile up to $30 Billion by the end of 2025.

 

Highlights

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  • Industry 4.0 to Potentially Influence the Adoption of Safety Sensors and Switches in the Years to Come
  • Industrial Automation Growth in Asia Pacific to be in Direct Sync with the Adoption of Safety Sensors and Switches
  • Companies competing in the global market for safety sensors and switches include ABB, Siemens, Pepperl + Fuchs, Hans TURCK GmbH & Co. KG, OMEGA Engineering, KEYENCE CORPORATION, Eaton Corporation Plc., Datalogic S.P.A, SICK Automation, Texas Instruments, Honeywell, Baumer Group, Banner Engineering Corp., Balluff GmbH, OMRON Corporation, Allen-Bradley Rockwell Automation, Inc., Schneider Electric, elobau GmbH and Schmersal GmbH & Co. KG.

 

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