UAE Safety Switch Market – Opportunities & Forecast, 2020-2027


Posted September 14, 2020 by shaqibakram

The major factors contributing towards the growth of the UAE Safety Switch market includes the increasing adoption of automation in hazardous industrial areas and the rising.....

 
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 detect 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 major factors contributing towards the growth of the UAE Safety Switch market includes the increasing adoption of automation in hazardous industrial areas and the rising government intervention for equipment and worker safety in industries across the UAE. The growing demand for non-contact door switches to enhance the stability of doors will also have a positive impact on the demand of the UAE Safety Switch market over the coming years. The numerous ongoing infrastructure projects related to the upcoming events such as Dubai Expo 2020, Qiddiya, Red Sea Project and Neom projects coupled with increasing renewable energy projects such as Sweihan Photovoltaic Independent Power Project, 2 GW photovoltaic project in UAE and Barakah nuclear power plant will propel the demand for safety switches to improve safety level of the workers. The government of Dubai launched the “Dubai Industrial Strategy 2030” aiming to enhance industrial coherence and integration in order to make Dubai the international hub for knowledge-based, innovation, and sustainable Industrial activities. These initiatives will improve the existing industries and attract new ones into the market, thus driving the demand for safety switches in the UAE region over the coming years. In 2019, the government launched industrial strategy to expand the non-oil sector and boost the role of industrial small and medium enterprises (SME’S). These factors will bring new construction into the market, thereby complementing the growing demand of the UAE Safety Switch market. In addition to this, the increasing hotel projects, including the Royal Atlantis Resort, will increase the need for 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 UAE Safety Switch market during the forecast period.

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

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The UAE 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.

Key questions answered in this research report:

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

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Last Updated September 14, 2020