Emergency Stop Switches Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Emergency Stop Switches market size is estimated at USD 1,308.1 million in 2020, expanding at a CAGR of 6.5% from 2021-2027 to reach 2,200.8 million USD in 2027.
Market Dynamics
The Emergency Stop Switches market is expected to witness substantial growth over the forecast period. The increasing demand for emergency stop switches from healthcare, food & beverages, and metalworking sectors are projected to boost the market growth. In addition, stringent government regulations regarding workplace safety are expected to contribute to market growth. An emergency stop switch is used in the machines for the emergency shutdown of machines if it is not possible for the machine to shut down in a regular manner. It is very important for the machines to install the emergency stop or kill switch to avoid any dangerous situation to ensure the safety of the worker.
In addition, the rising focus of manufactures to develop emergency stop switches that fit all required industrial safety standards along with improving their reliability and stability at the different hazardous locations is likely to create growth opportunities for the market. An emergency stop switch is a safety instrument used in emergency situations for the shutdown of machinery if it cannot be shut down in the usual manner. Emergency stop switches are also referred to as kill switches, emergency power-off switches, or emergency off switches. Further, the incorporation of advanced & wireless technologies in emergency stop switches to provide effective management of industrial equipment is anticipated to bolster the market growth.
North America is estimated to dominate the global market. The rising demand from industrial, healthcare industries across the region is boosting the market growth. Europe is projected to propel at a significant rate over the forecast period. increasing awareness about the safety of the worker and also considering the lifespan of the machines is positively impacting the market growth. Further, Asia Pacific is expected to hold a significant amount of market share.
The Emergency Stop Switches market is fragmented into type and applications segments. Based on type, the single live line segment is anticipated to dominate the market. By application, the machinery & equipment segment is projected to grow at the highest CAGR during the forecast period.
The Emergency Stop Switches market is moderately competitive in nature with the presence of local & international players. Key players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, Schneider Electric launched the XB7NS8445 Monolithic emergency stop to expand its product portfolio.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Emergency Stop Switches by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Eaton Corporation Inc.
- EAO Corporation
- Schneider Electric SE
- Siemens AG
- Safety Technologies
- Honeywell Micro Switch
- REES Inc.
- ASSA ABLOY
- General Electric Company
- REMA Group
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Null Line and Live Line
- Single Live Line
- Others
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Machinery & Equipment
- Elevators
- Conveyor Belts
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
1. Emergency Stop Switches Market Overview
1.1. Product Overview and Scope of Emergency Stop Switches
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Emergency Stop Switches Market Size Growth Rate Analysis by Type 2020 VS 2027
1.3.1. Null Line and Live Line
1.3.2. Single Live Line
1.3.3. Others
1.4. Global Emergency Stop Switches Consumption Comparison by Application: 2020 VS 2027
1.4.1. Machinery & Equipment
1.4.2. Elevators
1.4.3. Conveyor Belts
1.4.4. Others
1.5. Global Emergency Stop Switches Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America Emergency Stop Switches Estimates
1.5.2. Europe Emergency Stop Switches Estimates
1.5.3. China Emergency Stop Switches Estimates
1.5.4. Japan Emergency Stop Switches Estimates
2. Market Competition by Manufacturers
2.1. Global Emergency Stop Switches Revenue Market Share by Manufacturers (2020)
2.2. Emergency Stop Switches Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Emergency Stop Switches Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Emergency Stop Switches Production Sites, Area Served, Product Types
2.5. Emergency Stop Switches Market Competitive Situation and Trends
2.5.1. Emergency Stop Switches Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Emergency Stop Switches Consumption by Region (2016-2021)
3.1. Global Emergency Stop Switches Consumption by Region
3.2. Global Emergency Stop Switches Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Emergency Stop Switches Consumption Growth Rate (2016-2021)
3.2.3. North America Emergency Stop Switches Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Emergency Stop Switches Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Emergency Stop Switches Consumption Growth Rate (2016-2021)
3.2.7. Europe Emergency Stop Switches Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Emergency Stop Switches Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Emergency Stop Switches Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Emergency Stop Switches Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Emergency Stop Switches Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Emergency Stop Switches Consumption Growth Rate (2016-2021)
3.2.15. South America Emergency Stop Switches Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Emergency Stop Switches Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Emergency Stop Switches Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Emergency Stop Switches Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Emergency Stop Switches Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Emergency Stop Switches Consumption by Type (2016-2021)
4.1. Global Emergency Stop Switches Price by Type (2016-2021)
4.2. Global Emergency Stop Switches Revenue Market Share by Type (2016-2021)
4.2.1. Null Line and Live Line
4.2.2. Single Live Line
4.2.3. Others
5. Global Emergency Stop Switches Consumption by Application (2016-2021)
5.1. Global Emergency Stop Switches Price by Application (2016-2021)
5.2. Global Emergency Stop Switches Revenue Market Share by Application (2016-2021)
5.2.1. Machinery & Equipment
5.2.2. Elevators
5.2.3. Conveyor Belts
5.2.4. Others
6. Key Companies Profiled
6.1. Panasonic
6.1.1. Panasonic Emergency Stop Switches Corporation Information
6.1.2. Panasonic Emergency Stop Switches Product Portfolio
6.1.3. Panasonic Emergency Stop Switches Consumption, Price and Gross Margin (2016-2021)
6.1.4. Panasonic Main Business and Markets Served
6.1.5. Panasonic Recent Developments/Updates
6.2. Sony
6.3. iON
6.4. SJCAM
6.5. Ricoh
6.6. GoPro
6.7. Marshall
6.8. Garmin
6.9. JVC
6.10. AIDA Imaging
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Emergency Stop Switches Distributors List
7.3. Emergency Stop Switches Customers
8. Market Dynamics
8.1. Emergency Stop Switches Industry Trends
8.2. Emergency Stop Switches Growth Drivers
8.3. Emergency Stop Switches Market Challenges
8.4. Emergency Stop Switches Market Restraints
9. Global Emergency Stop Switches Consumption and Demand Forecast, by Region (2022-2027)
9.1. Global Forecasted Demand Analysis of Emergency Stop Switches, by Regions and Country
9.1.1. North America Forecasted Consumption of Emergency Stop Switches by Country
9.1.2. Europe Market Forecasted Consumption of Emergency Stop Switches by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Emergency Stop Switches by Region
9.1.4. Latin America Forecasted Consumption of Emergency Stop Switches by Country
9.1.5. Middle East and Africa Forecasted Consumption of Emergency Stop Switches by Country
10. Global Emergency Stop Switches Consumption and Demand Forecast, by Device Segments (2022-2027)
10.1. Global Forecasted Consumption of Emergency Stop Switches by Device Segments (2022-2027)
10.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
10.3. Global Forecasted Growth Rate of Emergency Stop Switches by Device Segments (2022-2027)
11. Research Finding and Conclusion
12. Methodology and Data Source
12.1. Methodology/Research Approach
12.1.1. Research Programs/Design
12.1.2. Market Size Estimation
12.1.3. Market Breakdown and Data Triangulation
12.2. Data Source
12.2.1. Secondary Sources
12.2.2. Primary Sources
12.3. Author List
12.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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