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Safety Limit Switches Market Share

Report ID: GMI9247
Published Date: Apr 2024
Report Format: PDF

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Safety Limit Switches Market Share

Honeywell International Inc. and Omron Corporation held a share of over 10% in the market in 2023. Honeywell International Inc. is a diversified technology and manufacturing company. In the safety limit switches industry, Honeywell offers a range of safety products and solutions, including limit switches designed to ensure machine safety in industrial environments. These switches feature advanced technology for precise operation and are used across various industries to prevent accidents and enhance workplace safety.

Omron Corporation offers a range of safety limit switches tailored for diverse industrial applications. Their product line includes compact and versatile switches with various actuator options to suit different machinery requirements. Omron's safety limit switches are renowned for their reliability, precision, and compliance with international safety standards, ensuring optimal machine safety across industries.

Safety Limit Switches Market Companies

Major players operating in the industry are:

ABB Ltd.
Eaton Corporation plc
Honeywell International Inc.
Omron Corporation
Rockwell Automation, Inc.
Schneider Electric SE
Siemens AG

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for safety limit switches was exceeded USD 2 billion in 2023 and is projected to depict over 7.5% CAGR from 2024 to 2032, owing to the growing awareness of the significance of machine safety and rising number of workplace accidents.

The without actuators segment in the safety limit switches industry is anticipated to grow at over 9% CAGR from 2024 to 2032, due to their ability to ensure safe operation in conveyor systems, robotics, packaging machinery, and material handling equipment.

North America industry held over 30% revenue share in 2023 and may grow at notable rate between 2024 and 2032, on account of the strict safety standards, especially in manufacturing and automotive sectors.

ABB Ltd., Eaton Corporation plc, Honeywell International Inc., Omron Corporation, Rockwell Automation, Inc., Schneider Electric SE, and Siemens AG are some of the leading safety limit switches companies worldwide.