Saudi Arabia 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 supervises the flow of electricity over a circuit and detects the changes in the electrical circuit when the current is travelling through something else (such as 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 major factors contributing towards the growth of the Saudi Arabia Safety Switch market includes 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 growing industrialization in Saudi Arabia coupled with rising construction of industrial cities such as Jubail and Yanbu in the country will further drive the demand of safety switches over the coming years. In addition to this, the establishment of the Saudi Industrial Development Fund (SIDF) and provision of other industrial incentives along with National Industrial Development and Logistics Program (NIDLP) and Saudi Vision 2030 is encouraging the growth of the industrial sector in the country, thereby accelerating the demand of safety switches for securing industrial premises. The increasing number of ongoing and upcoming construction projects across Saudi Arabia such as smart city Neom, the Red Sea Project and Jeddah Tower are further boosting the adoption of safety switches in the region. 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 Saudi Arabia 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 door switching error detection across Saudi Arabia. Moreover, the non-contact switches are vibration resistant with low maintenance cost and longer lifespan.

Based on Safety System, the Fir & Gas monitoring system 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 in order to minimize the chances of fire, gas leakage or explosion. Moreover, the rising government initiatives aiming to fuel the industrial sector such as localization of pharmaceutical industries & small nuclear reactors and the expansion of the Saudi Aramco refinery will drive the demand for safety switches in the Saudi Arabia.

Based on the Vertical, the food & beverages segment is expected to grow at a higher CAGR during the forecast period owing to the increasing adoption of safety switches in the manufacturing plants of the food & beverage industry across Saudi Arabia. The safety switches reduces the chances of electrical fault, thereby increasing the amount of units produced in the manufacturing plants without any interference.

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Various notable players operating in the Saudi Arabia Safety Switch market include ABB Saudi Arabia, General Electric Saudi Arabia, Rockwell Automation Saudi Arabia, Schneider Electric Saudi Arabia, Siemens Saudi Arabia, Eaton Saudi Arabia, Honeywell Saudi Arabia, Omron Corporation, Pilz SA, SICK FZE, among others.

The Saudi Arabia Safety Switch market has been segmented based on product type, safety system and vertical. 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.

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Key questions answered in this research report:

• • At what pace is the Saudi Arabia Safety Switch market growing? What will be the trend in growth in the future?
  • What are the key drivers and restraints in the Saudi Arabia Safety Switch market? What will be the impact of drivers and restraints in the future?
  • What are the various vertical areas of the Saudi Arabia 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:

Saudi Arabia Smart Meter 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

Saudi Arabia 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

Saudi Arabia Safety Switch Market by Vertical

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

Leading market players (Option 1: As a part of free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ABB Saudi Arabia
  • General Electric Saudi Arabia
  • Rockwell Automation Saudi Arabia
  • Schneider Electric Saudi Arabia
  • Siemens Saudi Arabia
  • Eaton Saudi Arabia
  • Honeywell Saudi Arabia
  • Omron Corporation
  • Pilz SA
  • SICK