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The safety programmable controllers market share in North America is expected to increase by USD 532.66 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.07%.
This safety programmable controllers market in North America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers safety programmable controllers market in North America segmentations by type (modular and compact) and geography (US, Canada, and Mexico). The safety programmable controllers market in North America report also offers information on several market vendors, including ABB Ltd., IDEC Corp., Leuze electronic GmbH + Co. KG, Mitsubishi Electric Corp., OMRON Corp., Pilz GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, SICK AG, and Siemens AG among others.
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The rapid globalization of industries is notably driving the safety programmable controllers market growth in North America, although factors such as shortage of skilled labor to maintain and operate automation systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the safety programmable controllers industry in North America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Safety Programmable Controllers Market Driver in North America
The rapid globalization of industries is one of the key drivers supporting the safety programmable controllers market growth in North America. Companies are increasingly adopting and upgrading their manufacturing facilities with advanced technologies to improve operational efficiency, protect machine and personnel safety, and gain a competitive advantage to thrive in these markets. In addition, the rapid growth of various industries, including oil and gas, automotive, chemicals, and food and beverage, in developing economies such as India and Indonesia are attracting developed economies to invest in these countries. The development of industrial infrastructure requires advanced technologies and machinery for smooth functioning. Hence, the adoption of safety programmable controllers in the mentioned industries is expected to increase, which, in turn, will drive the growth of the market during the forecast period.
Key Safety Programmable Controllers Market Trend in North America
The growing investments in smart factories is one of the key trends contributing to the safety programmable controllers market growth in North America. Manufacturers are adopting smart factories to improve the efficiency and productivity of factories, enhance personnel and machinery safety, and enable their operation with innovative technologies. For instance, in January 2019, Altizon Systems announced a partnership with AXISCADES to help customers from the aerospace, automotive, and heavy engineering industries build the factories of the future through their combined smart manufacturing and digital transformation offerings. The emergence of smart factories is anticipated to increase the need for safety programmable controllers during the forecast period. Thus, the need to efficiently connect devices or machines to maintain safety within various industrial processes is expected to drive the growth of the market during the forecast period.
Key Safety Programmable Controllers Market Challenge in North America
The shortage of skilled labor to maintain and operate automation systems is one of the factors hindering the safety programmable controllers market growth in North America. While there are automation experts and people with end-user experience, the pool of people with these skills is declining. The decline in the number of skilled experts is a major challenge for the adoption of safety programmable controllers, especially in developing countries such as India and Brazil. Multinational automation manufacturers are addressing this issue by providing training to operators who can cater specifically to end-user requirements. They also tie up with universities and offer training courses. The shortage of safety controller specialists necessitates a creative development team with end-users, suppliers, and specialty safety engineering companies. Thus, this challenge will slightly impact the market during the forecast period.
This safety programmable controllers market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the safety programmable controllers market in North America as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the safety programmable controllers market in North America during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the safety programmable controllers market in North America encompasses successful business strategies deployed by the key vendors. The safety programmable controllers market in North America is fragmented and the vendors are deploying growth strategies such as price, quality, brand identity, technology, and distribution to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The safety programmable controllers market in North America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the safety programmable controllers market in North America, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the industrial machinery market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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71% of the market's growth will originate from the US during the forecast period. The US is the key market for safety programmable controllers market in North America. Market growth in this region will be faster than the growth of the market in other regions.
The reshoring of manufacturing activities will facilitate the safety programmable controllers market growth in the US over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the safety programmable controllers market in the US witnessed certain challenges due to the outbreak of COVID-19. Moreover, the growth of the market is based on the increased government funding in various end-user industries such as mining, oil and gas, power, water and wastewater, and automotive, which, in turn, is anticipated to propel the demand for safety programmable controllers during the forecast period.
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The safety programmable controllers market share growth in North America by the modular segment will be significant during the forecast period. Modular safety programmable controllers provide flexibility to add more than one system, which makes the module multi-functional. They can be arranged in cabinets or be rail-mounted for safety and security. These are larger in size and expensive when compared with compact controllers. These are majorly used in applications where many inputs and outputs are required, such as process control in the manufacturing industry to control process lines. Such applications are anticipated to drive the segment growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the safety programmable controllers market size in North America and actionable market insights on post COVID-19 impact on each segment.
Safety Programmable Controllers Market Scope in North America |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.07% |
Market growth 2022-2026 |
$ 532.66 million |
Market structure |
Fragmented |
YoY growth (%) |
5.34 |
Regional analysis |
US, Canada, and Mexico |
Performing market contribution |
US at 71% |
Key consumer countries |
US |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ABB Ltd., IDEC Corp., Leuze electronic GmbH + Co. KG, Mitsubishi Electric Corp., OMRON Corp., Pilz GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, SICK AG, and Siemens AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 07: Parent market
*Exhibit 08: Market characteristics
**2.2 Value chain analysis
*Exhibit 09: Value Chain Analysis: Global industrial machinery market
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Aftermarket and service
*2.2.7 Industry innovations:
***3. Market Sizing
**3.1 Market definition
*Exhibit 10: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 11: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*Exhibit 12: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 14: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 15: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 16: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 17: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 18: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 19: Threat of rivalry
**4.7 Market condition
*Exhibit 20: Market condition - Five forces 2021
***5 Market Segmentation by Type
**5.1 Market segments
*Exhibit 21: Type - Market share 2021-2026 (%)
**5.2 Comparison by Type
*Exhibit 22: Comparison by Type
**5.3 Modular - Market size and forecast 2021-2026
*Exhibit 23: Modular - Market size and forecast 2021-2026 ($ million)
*Exhibit 24: Modular - Year-over-year growth 2021-2026 (%)
**5.4 Compact - Market size and forecast 2021-2026
*Exhibit 25: Compact - Market size and forecast 2021-2026 ($ million)
*Exhibit 26: Compact - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Type
*Exhibit 27: Market opportunity by Type
***6. Customer landscape
**6.1 Overview
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
*Exhibit 28: ?Customer landscape?
***7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 29: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 30: Geographic comparison
**7.3 US - Market size and forecast 2021-2026
*Exhibit 31: US - Market size and forecast 2021-2026 ($ million)
*Exhibit 32: US - Year-over-year growth 2021-2026 (%)
**7.4 Canada - Market size and forecast 2021-2026
*Exhibit 33: Canada - Market size and forecast 2021-2026 ($ million)
*Exhibit 34: Canada - Year-over-year growth 2021-2026 (%)
**7.5 Mexico - Market size and forecast 2021-2026
*Exhibit 35: Mexico - Market size and forecast 2021-2026 ($ million)
*Exhibit 36: Mexico - Year-over-year growth 2021-2026 (%)
**7.6 Market opportunity by geography
*Exhibit 37: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Rapid globalization of industries
*8.1.2 Improving safety standards and related developments
*8.1.3 Increasing demand for compact automation solutions
**8.2 Market challenges
*8.2.1 Shortage of skilled labor to maintain and operate automation systems
*8.2.2 Growing cybersecurity concerns
*8.2.3 High installation and maintenance cost
*Exhibit 38: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Growing investments in smart factories
*8.3.2 Value chain integration
*8.3.3 Strategic partnerships and acquisitions
***9. Vendor Landscape
**9.1 Overview
*Exhibit 39: Vendor landscape
*The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
**9.2 Landscape disruption
*Exhibit 40: ?Landscape disruption?
*Exhibit 41: Industry risks
**9.3 Competitive Scenario
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 42: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 43: ?Market positioning of vendors?
*10.3 ABB Ltd.
*Exhibit 44: ABB Ltd. - Overview
*Exhibit 45: ABB Ltd. - Business segments
*Exhibit 46: ABB Ltd. - Key offerings
*Exhibit 47: ABB Ltd. - Segment focus
*10.4 IDEC Corp.
*Exhibit 48: IDEC Corp. - Overview
*Exhibit 49: IDEC Corp. - Business segments
*Exhibit 50: IDEC Corp. - Key offerings
*Exhibit 51: IDEC Corp. - Segment focus
**10.5 Leuze electronic GmbH + Co. KG
*Exhibit 52: Leuze electronic GmbH + Co. KG - Overview
*Exhibit 53: Leuze electronic GmbH + Co. KG - Product and service
*Exhibit 54: Leuze electronic GmbH + Co. KG - Key offerings
**10.6 Mitsubishi Electric Corp.
*Exhibit 55: Mitsubishi Electric Corp. - Overview
*Exhibit 56: Mitsubishi Electric Corp. - Business segments
*Exhibit 57: Mitsubishi Electric Corp. - Key offerings
*Exhibit 58: Mitsubishi Electric Corp. - Segment focus
**10.7 OMRON Corp.
*Exhibit 59: OMRON Corp. - Overview
*Exhibit 60: OMRON Corp. - Business segments
*Exhibit 61: OMRON Corp. - Key offerings
*Exhibit 62: OMRON Corp. - Segment focus
**10.8 Pilz GmbH and Co. KG
*Exhibit 63: Pilz GmbH and Co. KG - Overview
*Exhibit 64: Pilz GmbH and Co. KG - Product and service
*Exhibit 65: Pilz GmbH and Co. KG - Key offerings
**10.9 Rockwell Automation Inc.
*Exhibit 66: Rockwell Automation Inc. - Overview
*Exhibit 67: Rockwell Automation Inc. - Business segments
*Exhibit 68: Rockwell Automation Inc. – Key news
*Exhibit 69: Rockwell Automation Inc. - Key offerings
*Exhibit 70: Rockwell Automation Inc. - Segment focus
**10.10 Schneider Electric SE
*Exhibit 71: Schneider Electric SE - Overview
*Exhibit 72: Schneider Electric SE - Business segments
*Exhibit 73: Schneider Electric SE - Key offerings
*Exhibit 74: Schneider Electric SE - Segment focus
**10.11 SICK AG
*Exhibit 75: SICK AG - Overview
*Exhibit 76: SICK AG - Business segments
*Exhibit 77: SICK AG - Key news
*Exhibit 78: SICK AG - Key offerings
*Exhibit 79: SICK AG - Segment focus
**10.12 Siemens AG
*Exhibit 80: Siemens AG - Overview
*Exhibit 81: Siemens AG - Business segments
*Exhibit 82: Siemens AG – Key news
*Exhibit 83: Siemens AG - Key offerings
*Exhibit 84: Siemens AG - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 85: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 86: ?Research Methodology
*Exhibit 87: ??Validation techniques employed for market sizing?
*Exhibit 88: ??Information sources
**11.4 List of abbreviations
*Exhibit 89: List of abbreviations
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