Global Safety Drives Market 2017-2021




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About Safety Drives

Safety drives are drives that are integrated with safety functionality like safe torque off (STO), safe speed control, safe monitoring, and self-diagnostics, reducing the need for circuit breaker or relays. This increases the overall machine performance and reduces downtime in the industrial process. End-user industries in the global safety drives market include utility, manufacturing, healthcare, oil and gas, food and beverage, and others; the others segment includes industries such as water and wastewater treatment, HVAC, mining and metal, heavy machinery, paper and pulp, and chemical.

Technavios analysts forecast the global safety drives market to grow at a CAGR of 6.76% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global safety drives market for 2017-2021. To calculate the market size, the report considers new installations, sales value, and services market.

The market is divided into the following segments based on geography:

Technavio's report, Global Safety Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Rockwell Automation

Other prominent vendors
B&R (Part of ABB group)
CG Global
Shenzhen INVT Electric
Schneider Electric
Shenzhen Sikes Electric

Market driver
Cost-effectiveness and flexibility of safety drives
For a full, detailed list, view our report

Market challenge
Higher need for preventive maintenance for safety drives
For a full, detailed list, view our report

Market trend
Emerging need for hybrid safety drives
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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