Safety Programmable Controllers Market Size & Share Analysis - Industry Research Report

Safety Programmable Controllers Market Size

Study Period	2019 - 2029
Base Year For Estimation	2023
CAGR	6.50 %
Fastest Growing Market	North America
Largest Market	North America
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

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Safety Programmable Controllers Market Analysis

The safety programmable controller market was valued at USD 6.46 billion in 2020 and is expected to reach a market value of USD 9.41 billion by 2026, registering a CAGR of 6.5% during the forecast period (2021-2026). The combination of PLC, motion control, and human-machine interface (HMI) programming into one environment is a trend that will progress over the next several years. It will reduce the learning curve and less total development time, which will drive the growth of the market.

Increased adoption of automation systems, coupled with safety awareness, is driving the market. PLCs can be easily reprogrammed and designed to the wanted characteristics and it is possible to embed multiple devices, like memory shells and timers, in one PLC by which it is very easy to control and manage energy costs with quality improvement and reduced production cost.
Demand for safety equipment and the need for simplified configuration is driving the market. Safety PLC combine the functionality of a control system with a safety system in one controller platform, allowing manufacturers to greatly reduce machine life cycle costs. Safety system designs utilizing safety PLCs deliver multiple layers of protection that work together to provide a safe control system. When unexpected events arise, each layer can mitigate the effect of the fault. Safety PLCs from Siemens have led the way creating this "Layers of Protection" concept, achieving the level of protection required for the controller to earn a SIL 3 safety rating.

However, safety PLCs are very expensive and require high initial investment compared to standard PLC counterparts, including hardware, software and services costs, which could hinder the growth of the market.

Safety Programmable Controllers Market Trends

This section covers the major market trends shaping the Safety Programmable Controllers Market according to our research experts:

Oil and Gas Industry to Witness a Significant Growth

In the oil and gas industry processes, there is usually a great demand for safety and reliability and according to the US Energy Information Administration, the world’s annual energy consumption of oil and gas is projected to increase steadily from less than 200 quadrillion BTU in 2015 to nearly 250 quadrillion BTU by 2040.
The oil and refinery gas industry is a mostly manual system with many risks, such as explosion hazards, fire hazards, lightning, radiation, etc.
With demand continuing to grow, oil and gas producers need to find new and better ways to capture the energy and their increment in capital spending is mainly on new control equipment for better safety, reliability, and low energy consumption.

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North America to Register a Significant Growth Rate

North America is estimated to hold a major share in the market, owing to rise in industrial investment in the mining and oil and gas sectors, which fueled the utilization of safety programmable controllers, thereby propelling the market growth.
The current trend of adopting automation and specific benefits, such as better diagnostics capabilities and reduced machine downtime, are other drivers, which are expected to contribute to the growth of the market over the forecast period, in this region.

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Safety Programmable Controllers Industry Overview

The safety programmable controller market is fragmented and the major players have used various strategies, such as new product launches, expansions,joint ventures, partnerships, and others, to increase their footprintin this market forsustainability in thelong run. The key players areRockwell Automation,ABB Group, Siemens AG, etc. Recent developments in the market are -

May 2019 -nVent Electric PLC, a global leader in electrical connection and protection solutions, launched nVent’s RAYCHEM Elexant 4010i, the first smart, connected controller from the Elexant family. It is designed to provide a safe, reliable, and flexible control solution for industrial applications and the Elexant 4010i makes the control and maintenance of heat tracing technology smarter, safer and more cost-effective.

Safety Programmable Controllers Market Leaders

Rockwell Automation
ABB Group
Siemens AG
Schneider Electric SE
Treotham

*Disclaimer: Major Players sorted in no particular order

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Safety Programmable Controllers Market Report - Table of Contents

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Introduction to Market Drivers and Restraints
3. 4.3 Market Drivers
  1. 4.3.1 Increased Adoption of Automation Systems
  2. 4.3.2 Demand for Safe Equipment and Need for Simplified Configuration
4. 4.4 Market Restraints
  1. 4.4.1 Higher Initial Investments
5. 4.5 Industry Value Chain Analysis
6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis
  1. 4.6.1 Threat of New Entrants
  2. 4.6.2 Bargaining Power of Buyers/Consumers
  3. 4.6.3 Bargaining Power of Suppliers
  4. 4.6.4 Threat of Substitute Products
  5. 4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
1. 5.1 By Type
  1. 5.1.1 Modular
  2. 5.1.2 Compact
  3. 5.1.3 Other Types
2. 5.2 By End User
  1. 5.2.1 Automotive
  2. 5.2.2 Energy and Power
  3. 5.2.3 Manufacturing
  4. 5.2.4 Pharmaceutical
  5. 5.2.5 Semiconductors
  6. 5.2.6 Food and Beverage
  7. 5.2.7 Oil and Gas
  8. 5.2.8 Other End Users
3. 5.3 Geography
  1. 5.3.1 North America
  2. 5.3.2 Europe
  3. 5.3.3 Asia-Pacific
  4. 5.3.4 Latin America
  5. 5.3.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Company Profiles
  1. 6.1.1 Rockwell Automation
  2. 6.1.2 ABB Group
  3. 6.1.3 Siemens AG
  4. 6.1.4 Schneider Electric SE
  5. 6.1.5 Treotham
  6. 6.1.6 ASTRE Engineering
  7. 6.1.7 SICK Group
  8. 6.1.8 Mistubishi Electric Corporation
  9. 6.1.9 IDEC Corporation
  10. 6.1.10 Omron Corporation
  11. 6.1.11 Leuze electronic GmbH
2. *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Safety Programmable Controllers Industry Segmentation

The safety programmable controllers market contains integrated safety functions that allow it to control safety systems in various applications. Due to the need for functional flexibility, demand for safety equipment, industry safety standards, and cost-effective systems, the market is growing by segmenting in applications, such as automotive, energy and power, manufacturing, pharmaceutical, food and beverage, oil and gas, etc.

By Type
		Modular
		Compact
		Other Types

By End User
		Automotive
		Energy and Power
		Manufacturing
		Pharmaceutical
		Semiconductors
		Food and Beverage
		Oil and Gas
		Other End Users

Geography
		North America
		Europe
		Asia-Pacific
		Latin America
		Middle East & Africa

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Safety Programmable Controllers Market Research FAQs

What is the current Safety Programmable Controller Market size?

The Safety Programmable Controller Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)

Who are the key players in Safety Programmable Controller Market?

Rockwell Automation, ABB Group, Siemens AG, Schneider Electric SE and Treotham are the major companies operating in the Safety Programmable Controller Market.

Which is the fastest growing region in Safety Programmable Controller Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Safety Programmable Controller Market?

In 2024, the North America accounts for the largest market share in Safety Programmable Controller Market.

What years does this Safety Programmable Controller Market cover?

The report covers the Safety Programmable Controller Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Safety Programmable Controller Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Safety Programmable Controller Industry Report

Statistics for the 2024 Safety Programmable Controller market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Safety Programmable Controller analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Safety Programmable Controller Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)