The Safety Relays Market is Estimated to Reach a Market Size Worth US$838.575 Million by 2027

DALLAS - Jan. 12, 2023 - PRLog -- The prime factor driving the growth of Safety Relays is the growing concerns regarding the security and safety of industry personnel, which has propelled the market to grow at a substantial rate across various industry verticals.

As per the report, the market for Safety Relays is expected to grow at a steady pace.

The application of safety relays has been becoming increasingly popular owing to their compact design, high reliability and the fact that these safety relays meet all of the required standards, which is also one of the most important reasons.  Hence, these devices have become an integral safety component of any new plant or machinery that requires safety functions.

Based on relay configuration, the Safety Relays Market (https://www.knowledge-sourcing.com/report/safety-relays-market) offers single-channel relays and dual-channel devices. The single-channel relays are used for the control of lighting, electrical, and other equipment via the digital I/O port. Some of their applications include solenoid valves, motors, lamps, and other high-current and high-voltage devices. Thus, with the growing adoption of home automation, the market for single-channel relays is anticipated to grow at a steady pace in the forecast period.

Based on application, the Safety Relays market provides light curtains, magnetic relays, safety mats, emergency stop buttons and others. These devices are expected to grow at a substantial pace as they are found in almost every real-world scenario and do not require any skilled training for operation.

Based on the end-user industry vertical, the Safety Relays market caters to transportation, construction, chemical, power and others. The market is likely to have favourable growth prospects in the energy and power industry due to the hazardous conditions that the industry personnel work in as well the growth in the industry due to rising global demand for energy.

Based on geography segmentation, the Safety Relays market is segmented into North America, Europe, South America, the Middle East and Africa, and Asia Pacific regions. Geographically, the Asia Pacific region is likely to account for a sizable market share and to experience quick expansion due to the increasing utilization of complex machinery, because of the high demand for products that are to be manufactured for a wide consumer base in the region.

As a part of the report, the major players operating in the Safety Relays market have been covered. The key players in the Safety Relays Market include Siemens, ABB, Rockwell Automation Inc., Schneider Electric, SICK AG (http://www.sick.com/), Panasonic Corporation, Phoenix Contact, OMRON Corporation, Pilz GmbH & Co. KG.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/safety-relays-market