Global Safety Programmable Controllers Market - Expected to Reach $7.9 Billion by 2022 - Research and Markets

The "Global Safety Programmable Controllers Market - By Types , Industry, Geography, Trends, Forecast- 2017 - 2022" report has been added to Research and Markets' offering.

The Global Safety PLC market is valued at USD 5.33 billion in 2016 and is expected to reach a value of USD 7.95 billion by the end of 2022, growing at a projected CAGR of 6.90% during the forecast period of 2017-2022.

Safety Programmable Logic Controllers (PLC) have different functionality than the traditional PLC systems. These controllers provide better monitoring facilities as well as self-diagnostics than the standard PLCs and are in fact, an improvement over the traditional hardwired electromechanical systems. The drivers of programmable safety logic controller adoption includes a set of international standards such as, EN ISO 13849-1/2 (safety of machinery-safety related parts of control systems), IEC/EN 62061 (safety of machinery functional safety of electrical, electronic and programmable electronic control systems), and IEC 61131 (programmable logic controllers). With the existence of these safety standards, the industry has started moving faster towards incorporating new safety technologies into their products.

Safety programmable logic controllers have dual microprocessors and circuits for synchronous detection and constant monitoring of Flash and RAM. The standard PLC inputs have no means of testing the functionality of their input circuits, while programmable safety controllers actually do.

Need for functional flexibility, demand for safe equipment, industry safety standards and cost effective systems are some key factors driving the growth of the market.

Companies Mentioned:

• Rockwell Automation
• Treotham
• ASTRE Engineering
• Siemens
• ABB
• SICK Group
• Mistubishi Electric
• Schneider Electric
• IDEC
• Omron Industrial Automation
• Leuze electronic

Key Topics Covered:

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Technology Snapshot

6. Global Safety Programmable Logic Controllers Market Segmentation, Forecasts and Trends

7. Global Vendor Market Share Analysis

8. Competitive Intelligence - Company Profiles

9. Investment Analysis

10. Future of Global Safety Programmable Logic Controllers Market

For more information about this report visit https://www.researchandmarkets.com/research/vwcfhm/global_safety

View source version on businesswire.com: http://www.businesswire.com/news/home/20171212005606/en/