Market Share of Safety Drives and Motors Industry
The market is concentrated with some major players occupying maximum market share which are in demand byOil and Gas, Petrochemicals and Chemicals, and Energy utility industries.
- June 2019 - The Linz-based KEBA Groupacquired LTI Motion Group, a pioneer of drive solutions from Germany. It servescustomers in mechanical engineering sectors. The acquisition makes KEBA a total solution provider in the area of industrial automation.
- October 2018 - Rockwell Automation launched theIntegrated Safety Functions Option Module which offers several safety functions based on IEC 61800-5-2 standards for Allen-Bradley PowerFlex 755 and 755T AC drives. It includes the ability to monitor speed, direction and position on an EtherNet/IP network.
- September 2019 -Beckhoff Automationexpanded its footprint in the Northeast region with new offices in Greater Boston and Philadelphia. It now offerseducational opportunities for Beckhoff customers who want to increase their expertise in PC-based control, advanced motion control, mechatronics and EtherCAT industrial Ethernet technology.
Safety Drives Motors Market Leaders
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Rockwell Automation Inc.
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SIGMATEK Safety Systems
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ABB Ltd
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Beckhoff Automation GmbH
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KOLLMORGEN Corporation
*Disclaimer: Major Players sorted in no particular order
