North America Safety Connection Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Safety Connection Devices Market Analysis
The North American safety connection devices market is expected to register a CAGR of 9.1% during the forecast period of 2021-2026. The pandemic had a negative impact on the studied market as most of the development and construction plans were deferred as the North American region witnessed lockdown for several months. However, the Healthcare industry witnessed some developments in Safety Connection Devices to remotely handle isolated areas and ensure the confinement of the area.
- Different categories of professional work are being automated with automated production equipment, ranging from production workers to engineers. This wide range and increasing automation is increasing the demand for safety connection devices from various end-user industries.
- With the advent of Industry 4.0, factory automation ensures a safe working environment for workers. Hence, as the demand for automation in industries is increasing, safety connection devices will also witness an increase.
- On the other hand, the high cost of safety connection devices and lack of awareness about its developments in the industry is restraining the market growth.
North America Safety Connection Devices Market Trends
This section covers the major market trends shaping the North America Safety Connection Devices Market according to our research experts:
Automotive Industry to Show Significant Growth
- The automotive industry is one of the fastest-growing consumers of safety connection devices. With the growing demand for Electric Vehicles across the world, companies are pushing toward automated systems to increase the productivity of the existing plants.
- Many automotive manufacturers are either establishing new manufacturing infrastructures across the world or moving the processes of automotive manufacturing from manual labor to robotic machinery. For instance, in October 2021, automotive giants Nissan and Volkswagen announced new plans to create better, smarter factories.
- Nissan’s introduction of the Intelligent Factory Initiative to respond to emerging needs and trends brought about the rapid growth and advancement of the automotive industry. The Initiative enables Nissan to use robots that have inherited the skills of Takumi (master technicians) to manufacture next-generation vehicles.
- The automotive industry is thus deploying safety connection devices so as to make controllers and other devices communicate with each other.
United States to Hold the Highest Market Share
- The United States is estimated to be the fastest-growing market in the region for safety connection devices. The industries are adopting automation, thus making the machines more complex. This ultimately demands more secure and reliable connection devices for the applications.
- The presence of a large number of domestic and international smart manufacturing companies in the region, rapid implementation of smart homes, and expansion of IoT in businesses are projected to drive the safety connection device market in this region.
- Smart home technology has taken the safety of the home to the next level. Not only alarms, modern cameras, motion sensors, and even smart door locks enable you to turn home into a real fortress and immediately send a message to your smartphone if something happens. All these functionalities urge for reliable safety connection devices, which further fuels the growth.
North America Safety Connection Devices Industry Overview
The North America Safety Connection Device market is moderately fragmented and consists of several players. In terms of market share, few of the major players currently dominate the market. However, with innovative and sustainable packaging, many of the companies are increasing their market presence by securing new contracts and tapping new markets.
- October 2021 - With growing safety concerns over electric vehicle charging stations, Fluke introduced a new FEV100 Electric Vehicle Charging Station Test Adapter that tests the safety and performance of level 1 or level 2 electric vehicle AC charging stations (EVSEs) with type 1 connectors.
North America Safety Connection Devices Market Leaders
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ABB Ltd.
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Siemens AG
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Rockwell Automation Inc.
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Honeywell International Inc.
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Advantech Co. Ltd.
*Disclaimer: Major Players sorted in no particular order
North America Safety Connection Devices Market News
- November 2021 - Tesla is introducing a new at-home wall charger with the capacity to work with all-electric vehicles (EVs) in North America. The charger, which comes with a J1772 connector, is designed for both outdoor and indoor installation and can charge up to 9.6 kW. Tesla vehicle owners can use the device with an adapter.
- November 2021 - IDEA, The Industry Data Exchange Association, announces that Grace Technologies, a Global electrical safety device manufacturer, is syndicating its digital product content through that IDEA Connector, providing trading partners with the most accurate and timely product data and marketing content.
North America Safety Connection Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Assessment of Impact of COVID-19 on the Industry
4.3 Market Drivers
4.3.1 Growth in Industry 4.0 and Rapid Factory Automation
4.3.2 Increasing demand of Safety devices in Automotive Industry
4.4 Market Restraints
4.4.1 Higher Cost of Devices
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Cable and Cords
5.1.2 Connectors
5.1.3 Gateways
5.1.4 Adaptors
5.1.5 Relays
5.1.6 T-Couplers
5.1.7 Distribution Box
5.2 By End-user Industry
5.2.1 Automotive
5.2.2 Manufacturing
5.2.3 Healthcare
5.2.4 Energy and Power
5.2.5 Other End-user Applications
5.3 By Country
5.3.1 United States
5.3.2 Canada
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Rockwell Automation Inc.
6.1.2 ABB Ltd
6.1.3 Advantech Co. Ltd
6.1.4 Bihl + Wiedemann GmbH
6.1.5 Honeywell International Inc.
6.1.6 Schneider Electric SE
6.1.7 Lumberg Automation Components GmbH
6.1.8 Murrelektronik Inc.
6.1.9 Weidmuller Interface GmbH & Co. KG
6.1.10 TE Connectivity Ltd
6.1.11 Ifm electronic gmbh
6.1.12 Banner Engineering Corp.
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
North America Safety Connection Devices Industry Segmentation
North America safety connection devices provide reliable and flexible connections between the e-stops, safety interlock switches, safety relays, and cable pull switches. These devices improve communication between different types of machines while helping to increase personal safety.
The study includes a detailed analysis of the types of safety connection devices used in the industry. Further, the study also includes the demand for such devices in various end-user industries. The report also includes the analysis of the impact of covid-19 impact on the market.
| By Type | |
| Cable and Cords | |
| Connectors | |
| Gateways | |
| Adaptors | |
| Relays | |
| T-Couplers | |
| Distribution Box |
| By End-user Industry | |
| Automotive | |
| Manufacturing | |
| Healthcare | |
| Energy and Power | |
| Other End-user Applications |
| By Country | |
| United States | |
| Canada |
North America Safety Connection Devices Market Research FAQs
What is the current NA Safety Connection Devices Market size?
The NA Safety Connection Devices Market is projected to register a CAGR of 9.10% during the forecast period (2024-2029)
Who are the key players in NA Safety Connection Devices Market?
ABB Ltd., Siemens AG, Rockwell Automation Inc., Honeywell International Inc. and Advantech Co. Ltd. are the major companies operating in the NA Safety Connection Devices Market.
What years does this NA Safety Connection Devices Market cover?
The report covers the NA Safety Connection Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the NA Safety Connection Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
NA Safety Connection Devices Industry Report
Statistics for the 2024 NA Safety Connection Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. NA Safety Connection Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
