MEA Safety Switch Market

A safety switch is a device that immediately shuts down the electricity supply, if any electrical fault is detected, to reduce the risk of electricity-related fires, electric shock, injury, and death. Safety switches supervise the flow of electricity over a circuit and identify the changes in the electrical circuit when the current is traveling through something else (such as a person) potentially causing an electric shock. It is used across different verticals in industries such as energy & power, food & beverages, oil & gas, metal & mining, and packaging.

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The key factors driving the growth of the MEA Safety Switch market include the growing adoption of automation in hazardous industrial areas, rising government intervention for equipment and worker safety in industries, and the growing demand for non-contact door switches to enhance the stability of doors. The increasing demand for safety switches due to the increasing industrialization across Middle East countries coupled with the rising infrastructure projects in UAE and Saudi Arabia, including the Saudi Vision 2030, Dubai Expo 2020, and the development of smart cities such as smart Dubai project and NEOM, will further drive the demand of safety switches over the coming years. The UAE government has launched initiatives such as Dubai Industrial strategy 2030 and the UAE Strategy for the Fourth Industrial Revolution to boost industrialization and the G20 initiative was launched to support industrialization in Africa.

The continuous expansion in the renewable energy projects such as Medina solar PV independent power project (IPP) in Saudi Arabia, Sweihan Photovoltaic Independent Power Project in UAE, 300 MW Sakara Power plant in Saudi Arabia, Qurayyat solar PV IPP in Saudi Arabia, 2 GW photovoltaic  project in UAE, UAE’s 500-MW solar project, and Barakah nuclear power plant will have a positive impact on the growing demand of the market over the coming years. The increasing investment for renewable energy projects in African countries will further boost the demand for safety switches to eliminate the chances of electric shock and sudden power cuts. For instance, in 2019, the African Development Bank Group approved an equity investment amounting to USD 25 million in ARCH Africa Renewable Power Fund (ARPF) and a USD 250 million private equity fund for renewable energy projects across sub-Saharan Africa. On the other hand, the high installation cost involved in the automation process and high maintenance cost of safety switches in hazardous areas will hamper the growth of the MEA Safety Switch market during the forecast period.

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Based on the product type, the non-contact switch segment is expected to grow at a higher CAGR during the forecast period owing to the increasing consumer awareness regarding the benefits of non-contact safety switch, such as multiple doors switching error detection across the Middle East countries. Moreover, the non-contact switches are vibration resistant with low maintenance cost and longer lifespan.

Based on Safety System, the fire & gas monitoring system segment is anticipated to lead the market during the forecast period owing to the growing deployment of fire & gas monitoring solutions in various oil & gas projects including Marjan Oil Field Development Project and Zuluf Oil Field Expansion Project to minimize the chances of fire, gas leakage or explosion.

Based on the Vertical, the food & beverage industry is expected to grow at a higher CAGR in the market during the forecast period owing to the increasing adoption of safety switches in the manufacturing plants of the food & beverage industry across the UAE and Saudi Arabia. The safety switches reduce the chances of electrical faults, thereby increasing the number of units produced in the manufacturing plants without any interference.

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Various notable players operating in the MEA Safety Switch market include ABB, General Electric, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Eaton Corporation, Honeywell International Inc., Omron Corporation, Pilz GmbH & Co. KG, SICK AG, and Emerson Electric Co.

The MEA Safety Switch market has been segmented based on product type, safety system, vertical, and countries. Based on product type, the market is segmented into Contact Safety Switch, and Non-Contact Safety Switch. Based on contact safety switch, the market is further segmented into Hinge Switches, Locking Switches, and Other Contact Safety Switches. Based on non-contact safety switch, the market is segmented into Inductive Switches, Magnetic Switches, and RFID Transponder Switches. Based on safety system, the market is segmented into Burner Management Systems (BMS), Emergency Shutdown (ESD) Systems, Fire & Gas Monitoring Systems, High Integrity Pressure Protection Systems (HIPPS), and Turbomachinery Control (TMC) Systems. Based on vertical, the market is segmented into Oil & Gas, Energy & Power, Chemical, Pharmaceutical, Food & Beverage, Metal & Mining, Pulp & Paper, Water & Wastewater Treatment, Packaging¸ Commercial, and Others. Based on the Countries, the market is segmented into UAE, Saudi Arabia, South Africa, Egypt, and Rest of MEA.

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Key questions answered in this research report:

• • At what pace is the MEA Safety Switch market growing? What will be the trend in growth in the future?
  • What are the key drivers and restraints in the MEA Safety Switch market? What will be the impact of drivers and restraints in the future?
  • Which type of product generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What are the various products of the MEA Safety Switch market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

MEA Safety Switch Market by Product Type

• • Contact Safety Switch
    • Hinge Switches
    • Locking Switches
    • Other Contact Safety Switches
  • Non-Contact Safety Switch
    • Inductive Switches
    • Magnetic Switches
    • RFID Transponder Switches

MEA Safety Switch Market by Safety System

• • Burner Management Systems (BMS)
  • Emergency Shutdown (ESD) Systems
  • Fire & Gas Monitoring Systems
  • High Integrity Pressure Protection Systems (HIPPS)
  • Turbomachinery Control (TMC) Systems

MEA Safety Switch Market by Vertical

• • Oil & Gas
  • Energy & Power
  • Chemical
  • Pharmaceutical
  • Food & Beverage
  • Metal & Mining
  • Pulp & Paper
  • Water & Wastewater Treatment
  • Packaging
  • Commercial
  • Others

MEA Safety Switch Market by Countries

• • Saudi Arabia All-Up Safety Switch Market (Option 1: Free 25% Customization)
  • UAE All-Up Safety Switch Market (Option 2: Free 25% Customization)
  • South Africa All-Up Safety Switch Market (Option 3: Free 25% Customization)
  • Egypt All-Up Safety Switch Market (Option 4: Free 25% Customization)
  • Rest of MEA All-Up Safety Switch Market (Option 5: Free 25% Customization)

MEA Safety Switch Market Leading players (Option 6: As a part of free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ABB
  • General Electric
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Eaton Corporation
  • Honeywell International Inc.
  • Omron Corporation
  • Pilz GmbH & Co. KG
  • SICK AG
  • Emerson Electric Co.