Emergency Stop Switches Market
Emergency Stop Switches Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031
Analysis of Emergency Stop Switches market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Emergency Stop Switches Market : Overview
The demand for emergency stop switches went a slight down in the Covid-19 pandemic. Manufacturers experienced a pause in their production and distribution activities on account of lockdown and social distancing barriers in 2020. After the barriers have been taken off by the government, the market is witnessing progress at a much faster pace globally pushing the vendors to expand their production capacity to meet the global needs of the users in 2021.
Eminent vendors operating in this market including Eaton Corporation, EAO Corporation, Schneider Electric Corporation, Siemens AG, Safety Technologies, Honeywell Micro Switch Corporation, Assa Abloy Corporation, General Electric Company, Rema Group, Schneider Electric Company and Dayton Corporation are investing their funds in product diversifications, product upgradations, research and developments, technological upgradations, hiring expertise, acquiring latest IT infrastructure, establishing new manufacturing facilities etc to improve their market position and profitability throughout the world.
For instance, Schneider Corporation made an announcement in October 2019 that it has introduced an emergency stop switch known as ‘XB7NS8445 Monolithic Emergency Stop Switch’. This new introduction is an addition to the existing product series called Harmony XB7 Laird technology. The emergency stop switch is a wireless device which can be used in place of wired switch. It is designed to shut down all systems in order and turn off the machine without causing any damage to the entire system. It configures the operations as quickly as possible and acts a safety measure for the prevention of hazardous situations. The XB7NS8445 stop switch ensures prevention of harm to employees, machinery, equipments and systems. Pushing the button enables the user to shut off the machinery or the system in case of an emergency when he is not able to close it in a regular pattern. The new launch is getting favourable response from the industrial users as it is an improved version of the earlier stop switches ensuring proper safety measures.
In addition Schneider Corporation, IDEC Corporation has introduced XA and XW series of emergency stop switches in 2019. It includes a revolutionary new technology called ‘safe break action’ that is designed to change the way E-stop switches are designed. The innovative concept provides greater levels of human safety. The series is designed with spring pressure on the Normally Closed (NC) contacts, keeping them in the closed position and allowing the machine to operate. Improper installation or excessive force to stop the button in an emergency may break or dislodge a vital part, causing the spring loaded contact to stay closed. IDEC XA and XW series reverses the energy direction and uses the spring pressure to assure that the NC contacts will open if the emergency switch is damaged or the contact blocks separate due to excessive force. The NC contacts will reliably open even if they are wedded and stop the machine. Both the XA and XW series switches offer upto four safe break contacts with a depth behind the panel that is half the size of conventional E-stop switches. These switches can be used in Level 4 safety category applications. These are secured from the rear of the control panel so that the e-stop can not be removed from the front. It eliminates the confusion for the operators when resetting the switch. They withstand the highest stress caused by panic or a reaction to an emergency situation.
Emergency stop switches are employed in machinery, used as safety mechanism to shut off the equipment in emergency or when it cannot be shut down in usual manner. Stringent government and agencies regulations regarding workplace safety have been the demand driving determinant for emergency stop switches. Growing adoption of safe methods as well as safe equipment in core industrial sectors to avoid any hazardous incidents are likely to influence the development of emergency stop switches market.
Growing focus of manufactures to developed emergency stop switches that fit all required industrial safety standards along with improving their reliability and stability at different hazardous location is likely to create growth opportunities for emergency stop switches market.
Incorporation of advanced and wireless technology in emergency stop switches to provide effective management of industrial equipment will possibly influence progress of the market. Growing government investment in rapidly expanding industrial sector in emerging economies such as China and India is expected to fuel growth of emergency stop switches market in the Asia Pacific region. Concentration of market players in developed countries of North America and Europe will further shape the future of emergency stop switches market. In addition, industrial revolution across the globe is likely to favor the market growth.
Taking on Capital Intensive Equipment Protection With E-Stop Switches
Emergency stop switches (or E-stop switches) are becoming an essential component in every equipment and production machinery with growing focus on machine safety as well as operator protection. A wide range of electrical equipment are incorporated with specialized switch controls to carry out emergency shutdown with a view to meet workplace safety according to established regulatory requirements. As per international standards for equipment protection, function of emergency stop switches must be initiated by single operator with a manually controlled actuating device.
Emergency stop switches, being different from simple stop switches, provide foolproof protection and shutdown of equipment in case of emergencies consequently avoiding additional hazards. Companies have been incorporating emergency stop switches in their plants to assure safety of their equipment, that being capital intensive, in order to avoid machinery and production losses. This factor is expected to proliferate the adoption of emergency stop switches for equipment safety, thereby augmenting the growth of the global emergency stop switches market during the period of forecast.
Application of Internet of Things (IoT) in Emergency Stop Switches Makes Protection Simpler
Manufacturing sector is on the cusp of revolution with introduction of new technologies offering effective management along with plant and machine safety. Technology based on Internet of Things has radically improvised visibility in manufacturing processes to a level where each production step can be monitored. Emergency stop switches are no different, as operators or machine personnel can monitor machine performance and actuate emergency stop switches remotely in case of equipment failure or during other scenarios such as spillage.
With emergence of IoT in protection and safety of operators as well as machinery, development of emergency stop switches is evident which can offer potential opportunities for manufacturers to develop advanced emergency stop switches to cater to demand from manufacturing units. Moreover, this trend is supported with growing influence of Industry 4.0 that has taken the manufacturing sector to an altogether new level of automation, wherein personnel are able to operate machines remotely while carrying out other important tasks. This industrial revolution is anticipated to further the growth of the global market for emergency stop switches in the years to follow.
Emergency Stop Switches go Wireless
Growing incidences of worker fatalities has pushed companies to incorporate advanced personnel and machine safety systems. OSHA (Occupational Safety and Health Organization) reported 5,000 worker fatalities owing to industrial accidents in the United States. With this, key players involved in the manufacturing and development of emergency stop switches are focusing on enhancing the user confidence in their products by introducing novel technologies that in e-stop switches offer convenience and efficiency.
With growing proliferation of IoT and trend of Industry 4.0, era of becoming wireless is significantly growing in the industrial space. Emergency stop switches are no exception to this change. Understanding the importance of machinery, products and worker safety, manufacturers have introduced wireless emergency stop switches allowing workers to shut down the machine without making them frantically rush to it.
Wireless emergency stop switches haven taken safety of equipment to the next level to speed up response time allowing workers to engage in different tasks. This development has leveraged the use of emergency stop switches thus aiding the growth of the global emergency stop switches market.
For instance, Laird has developed wireless emergency stop switch system – SIL 3 – a cost effective wireless emergency stop switch that can be easily integrated into the existing hardwired emergency stop switch system. This Safe E-Stop system offers status indicators with help of LCD and LED readouts. Likewise, IDEC has developed the “Safe Break Design” – a revolutionary development in the global emergency stop switches market – for its emergency stop switches.
It’s XW and XA emergency stop switches include this technology with which they can be used in Level 4 safety category applications as they can withstand high stress during an emergency situation. Other key participants in the global emergency stop switches market include Eaton, Schneider Electric, Siemens, Safety Technologies, Honeywell Micro Switch, REES Inc., Securitron, General Electric and REMA Group.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
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Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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Prominent players include Eaton Corporation, EAO Corporation, Schneider Electric Corporation and Siemens AG
With growing proliferation of IoT and trend of Industry 4.0, era of becoming wireless is significantly growing in the industrial space.