Modular Safety Relay - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

• Description
• Table of Contents
• Table of Figures
• PDF Download

• Description
• Table of Contents
• Table of Figures
• PDF Download

A modular safety relay is an intelligent electronic device designed specifically for use in industrial control systems (ICS) implementing functional safety principles aimed at mitigating potential dangers inherently present in high-risk processes involving human injury or property damage scenarios, where failure modes must be detected promptly triggering protective actions averting catastrophic accidents while maintaining normal system operation when possible during other instances.

The global market for Modular Safety Relay was estimated to be worth US$ 195 million in 2023 and is forecast to a readjusted size of US$ 271.6 million by 2030 with a CAGR of 4.8% during the forecast period 2024-2030

Modular Safety Relay Market Size

M= millions and B=billions

The modular safety relay market has seen steady growth in recent years due to the increasing demand for functional safety in industrial applications across various sectors such as automotive, oil & gas, mining, chemical processing, and power generation plants. This trend can be attributed to rising concerns regarding worker safety and plant efficiency, coupled with stricter regulatory frameworks like OSHA in the United States requiring companies to adhere to strict safety standards.

Moreover, technological advancements have made it easier for manufacturers to produce cost-effective and compact modular safety relays featuring advanced networking capabilitieThese features allow operators to monitor and manage safety functions remotely through a centralized platform, streamlining maintenance efforts and reducing downtime associated with manual interventions.

In terms of regional demand, North America and Europe account for significant shares of the modular safety relay market owing to stringent regulations and strong emphasis on worker safety. However, Asia Pacific has experienced rapid expansion due to growing infrastructure development projects and increased focus on industrial safety practices among emerging economies like China, India, and South Korea.

Overall, the global modular safety relay market will continue to experience robust growth in the upcoming years as more companies adopt these devices to ensure the highest levels of safety and productivity in their facilities. Key players include Schneider Electric, Rockwell Automation, and Siemens, who offer comprehensive product portfolios and services catering to diverse industry verticals worldwide.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Modular Safety Relay, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Modular Safety Relay by region & country, by Type, and by Application.

The Modular Safety Relay market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Modular Safety Relay.

Market Segmentation

• Report Metric

• Details

• Report Title

• Modular Safety Relay - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

• Forecasted Market Size in 2030

• US$ 271.6 million

• CAGR(2024-2030)

• 4.8%

• Market Size Available for Years

• 2019-2030

• Global Modular Safety Relay Companies Covered

• Phoenix, Finder, Panasonic, Schneider Electric, IDEC Corporation, Dold, Eaton, Honeywell, Sharp Control, Rockwell Automation, Hongfa, WAGO, Steute Technologies, Schmersal, Siemens

• Global Modular Safety Relay Market, by Region

• North America (U.S., Canada, Mexico)

  Europe (Germany, France, UK, Italy, etc.)

  Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

  South America (Brazil, etc.)

  Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

• Global Modular Safety Relay Market, Segment by Type

• Single Channel Modular Safety Relay

  Dual Channel Modular Safety Relay

• Global Modular Safety Relay Market, Segment by Application

• Factory Automation

  Electricity and Utilities

  Building Safety Control

  Automotive

  Others

• Forecast Units

• USD million in value

• Report Coverage

• Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Modular Safety Relay manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Modular Safety Relay in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Modular Safety Relay in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

 1 Market Overview
    1.1 Modular Safety Relay Product Introduction
    1.2 Global Modular Safety Relay Market Size Forecast
        1.2.1 Global Modular Safety Relay Sales Value (2019-2030)
        1.2.2 Global Modular Safety Relay Sales Volume (2019-2030)
        1.2.3 Global Modular Safety Relay Sales Price (2019-2030)
    1.3 Modular Safety Relay Market Trends & Drivers
        1.3.1 Modular Safety Relay Industry Trends
        1.3.2 Modular Safety Relay Market Drivers & Opportunity
        1.3.3 Modular Safety Relay Market Challenges
        1.3.4 Modular Safety Relay Market Restraints
    1.4 Assumptions and Limitations
    1.5 Study Objectives
    1.6 Years Considered

 2 Competitive Analysis by Company
    2.1 Global Modular Safety Relay Players Revenue Ranking (2023)
    2.2 Global Modular Safety Relay Revenue by Company (2019-2024)
    2.3 Global Modular Safety Relay Players Sales Volume Ranking (2023)
    2.4 Global Modular Safety Relay Sales Volume by Company Players (2019-2024)
    2.5 Global Modular Safety Relay Average Price by Company (2019-2024)
    2.6 Key Manufacturers Modular Safety Relay Manufacturing Base Distribution and Headquarters
    2.7 Key Manufacturers Modular Safety Relay Product Offered
    2.8 Key Manufacturers Time to Begin Mass Production of Modular Safety Relay
    2.9 Modular Safety Relay Market Competitive Analysis
        2.9.1 Modular Safety Relay Market Concentration Rate (2019-2024)
        2.9.2 Global 5 and 10 Largest Manufacturers by Modular Safety Relay Revenue in 2023
        2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Modular Safety Relay as of 2023)
    2.10 Mergers & Acquisitions, Expansion

 3 Segmentation by Type
    3.1 Introduction by Type
        3.1.1 Single Channel Modular Safety Relay
        3.1.2 Dual Channel Modular Safety Relay
    3.2 Global Modular Safety Relay Sales Value by Type
        3.2.1 Global Modular Safety Relay Sales Value by Type (2019 VS 2023 VS 2030)
        3.2.2 Global Modular Safety Relay Sales Value, by Type (2019-2030)
        3.2.3 Global Modular Safety Relay Sales Value, by Type (%) (2019-2030)
    3.3 Global Modular Safety Relay Sales Volume by Type
        3.3.1 Global Modular Safety Relay Sales Volume by Type (2019 VS 2023 VS 2030)
        3.3.2 Global Modular Safety Relay Sales Volume, by Type (2019-2030)
        3.3.3 Global Modular Safety Relay Sales Volume, by Type (%) (2019-2030)
    3.4 Global Modular Safety Relay Average Price by Type (2019-2030)

 4 Segmentation by Application
    4.1 Introduction by Application
        4.1.1 Factory Automation
        4.1.2 Electricity and Utilities
        4.1.3 Building Safety Control
        4.1.4 Automotive
        4.1.5 Others
    4.2 Global Modular Safety Relay Sales Value by Application
        4.2.1 Global Modular Safety Relay Sales Value by Application (2019 VS 2023 VS 2030)
        4.2.2 Global Modular Safety Relay Sales Value, by Application (2019-2030)
        4.2.3 Global Modular Safety Relay Sales Value, by Application (%) (2019-2030)
    4.3 Global Modular Safety Relay Sales Volume by Application
        4.3.1 Global Modular Safety Relay Sales Volume by Application (2019 VS 2023 VS 2030)
        4.3.2 Global Modular Safety Relay Sales Volume, by Application (2019-2030)
        4.3.3 Global Modular Safety Relay Sales Volume, by Application (%) (2019-2030)
    4.4 Global Modular Safety Relay Average Price by Application (2019-2030)

 5 Segmentation by Region
    5.1 Global Modular Safety Relay Sales Value by Region
        5.1.1 Global Modular Safety Relay Sales Value by Region: 2019 VS 2023 VS 2030
        5.1.2 Global Modular Safety Relay Sales Value by Region (2019-2024)
        5.1.3 Global Modular Safety Relay Sales Value by Region (2025-2030)
        5.1.4 Global Modular Safety Relay Sales Value by Region (%), (2019-2030)
    5.2 Global Modular Safety Relay Sales Volume by Region
        5.2.1 Global Modular Safety Relay Sales Volume by Region: 2019 VS 2023 VS 2030
        5.2.2 Global Modular Safety Relay Sales Volume by Region (2019-2024)
        5.2.3 Global Modular Safety Relay Sales Volume by Region (2025-2030)
        5.2.4 Global Modular Safety Relay Sales Volume by Region (%), (2019-2030)
    5.3 Global Modular Safety Relay Average Price by Region (2019-2030)
    5.4 North America
        5.4.1 North America Modular Safety Relay Sales Value, 2019-2030
        5.4.2 North America Modular Safety Relay Sales Value by Country (%), 2023 VS 2030
    5.5 Europe
        5.5.1 Europe Modular Safety Relay Sales Value, 2019-2030
        5.5.2 Europe Modular Safety Relay Sales Value by Country (%), 2023 VS 2030
    5.6 Asia Pacific
        5.6.1 Asia Pacific Modular Safety Relay Sales Value, 2019-2030
        5.6.2 Asia Pacific Modular Safety Relay Sales Value by Country (%), 2023 VS 2030
    5.7 South America
        5.7.1 South America Modular Safety Relay Sales Value, 2019-2030
        5.7.2 South America Modular Safety Relay Sales Value by Country (%), 2023 VS 2030
    5.8 Middle East & Africa
        5.8.1 Middle East & Africa Modular Safety Relay Sales Value, 2019-2030
        5.8.2 Middle East & Africa Modular Safety Relay Sales Value by Country (%), 2023 VS 2030

 6 Segmentation by Key Countries/Regions
    6.1 Key Countries/Regions Modular Safety Relay Sales Value Growth Trends, 2019 VS 2023 VS 2030
    6.2 Key Countries/Regions Modular Safety Relay Sales Value
        6.2.1 Key Countries/Regions Modular Safety Relay Sales Value, 2019-2030
        6.2.2 Key Countries/Regions Modular Safety Relay Sales Volume, 2019-2030
    6.3 United States
        6.3.1 United States Modular Safety Relay Sales Value, 2019-2030
        6.3.2 United States Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
        6.3.3 United States Modular Safety Relay Sales Value by Application, 2023 VS 2030
    6.4 Europe
        6.4.1 Europe Modular Safety Relay Sales Value, 2019-2030
        6.4.2 Europe Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
        6.4.3 Europe Modular Safety Relay Sales Value by Application, 2023 VS 2030
    6.5 China
        6.5.1 China Modular Safety Relay Sales Value, 2019-2030
        6.5.2 China Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
        6.5.3 China Modular Safety Relay Sales Value by Application, 2023 VS 2030
    6.6 Japan
        6.6.1 Japan Modular Safety Relay Sales Value, 2019-2030
        6.6.2 Japan Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
        6.6.3 Japan Modular Safety Relay Sales Value by Application, 2023 VS 2030
    6.7 South Korea
        6.7.1 South Korea Modular Safety Relay Sales Value, 2019-2030
        6.7.2 South Korea Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
        6.7.3 South Korea Modular Safety Relay Sales Value by Application, 2023 VS 2030
    6.8 Southeast Asia
        6.8.1 Southeast Asia Modular Safety Relay Sales Value, 2019-2030
        6.8.2 Southeast Asia Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
        6.8.3 Southeast Asia Modular Safety Relay Sales Value by Application, 2023 VS 2030
    6.9 India
        6.9.1 India Modular Safety Relay Sales Value, 2019-2030
        6.9.2 India Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
        6.9.3 India Modular Safety Relay Sales Value by Application, 2023 VS 2030

 7 Company Profiles
    7.1 Phoenix
        7.1.1 Phoenix Company Information
        7.1.2 Phoenix Introduction and Business Overview
        7.1.3 Phoenix Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.1.4 Phoenix Modular Safety Relay Product Offerings
        7.1.5 Phoenix Recent Development
    7.2 Finder
        7.2.1 Finder Company Information
        7.2.2 Finder Introduction and Business Overview
        7.2.3 Finder Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.2.4 Finder Modular Safety Relay Product Offerings
        7.2.5 Finder Recent Development
    7.3 Panasonic
        7.3.1 Panasonic Company Information
        7.3.2 Panasonic Introduction and Business Overview
        7.3.3 Panasonic Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.3.4 Panasonic Modular Safety Relay Product Offerings
        7.3.5 Panasonic Recent Development
    7.4 Schneider Electric
        7.4.1 Schneider Electric Company Information
        7.4.2 Schneider Electric Introduction and Business Overview
        7.4.3 Schneider Electric Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.4.4 Schneider Electric Modular Safety Relay Product Offerings
        7.4.5 Schneider Electric Recent Development
    7.5 IDEC Corporation
        7.5.1 IDEC Corporation Company Information
        7.5.2 IDEC Corporation Introduction and Business Overview
        7.5.3 IDEC Corporation Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.5.4 IDEC Corporation Modular Safety Relay Product Offerings
        7.5.5 IDEC Corporation Recent Development
    7.6 Dold
        7.6.1 Dold Company Information
        7.6.2 Dold Introduction and Business Overview
        7.6.3 Dold Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.6.4 Dold Modular Safety Relay Product Offerings
        7.6.5 Dold Recent Development
    7.7 Eaton
        7.7.1 Eaton Company Information
        7.7.2 Eaton Introduction and Business Overview
        7.7.3 Eaton Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.7.4 Eaton Modular Safety Relay Product Offerings
        7.7.5 Eaton Recent Development
    7.8 Honeywell
        7.8.1 Honeywell Company Information
        7.8.2 Honeywell Introduction and Business Overview
        7.8.3 Honeywell Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.8.4 Honeywell Modular Safety Relay Product Offerings
        7.8.5 Honeywell Recent Development
    7.9 Sharp Control
        7.9.1 Sharp Control Company Information
        7.9.2 Sharp Control Introduction and Business Overview
        7.9.3 Sharp Control Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.9.4 Sharp Control Modular Safety Relay Product Offerings
        7.9.5 Sharp Control Recent Development
    7.10 Rockwell Automation
        7.10.1 Rockwell Automation Company Information
        7.10.2 Rockwell Automation Introduction and Business Overview
        7.10.3 Rockwell Automation Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.10.4 Rockwell Automation Modular Safety Relay Product Offerings
        7.10.5 Rockwell Automation Recent Development
    7.11 Hongfa
        7.11.1 Hongfa Company Information
        7.11.2 Hongfa Introduction and Business Overview
        7.11.3 Hongfa Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.11.4 Hongfa Modular Safety Relay Product Offerings
        7.11.5 Hongfa Recent Development
    7.12 WAGO
        7.12.1 WAGO Company Information
        7.12.2 WAGO Introduction and Business Overview
        7.12.3 WAGO Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.12.4 WAGO Modular Safety Relay Product Offerings
        7.12.5 WAGO Recent Development
    7.13 Steute Technologies
        7.13.1 Steute Technologies Company Information
        7.13.2 Steute Technologies Introduction and Business Overview
        7.13.3 Steute Technologies Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.13.4 Steute Technologies Modular Safety Relay Product Offerings
        7.13.5 Steute Technologies Recent Development
    7.14 Schmersal
        7.14.1 Schmersal Company Information
        7.14.2 Schmersal Introduction and Business Overview
        7.14.3 Schmersal Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.14.4 Schmersal Modular Safety Relay Product Offerings
        7.14.5 Schmersal Recent Development
    7.15 Siemens
        7.15.1 Siemens Company Information
        7.15.2 Siemens Introduction and Business Overview
        7.15.3 Siemens Modular Safety Relay Sales, Revenue and Gross Margin (2019-2024)
        7.15.4 Siemens Modular Safety Relay Product Offerings
        7.15.5 Siemens Recent Development

 8 Industry Chain Analysis
    8.1 Modular Safety Relay Industrial Chain
    8.2 Modular Safety Relay Upstream Analysis
        8.2.1 Key Raw Materials
        8.2.2 Raw Materials Key Suppliers
        8.2.3 Manufacturing Cost Structure
    8.3 Midstream Analysis
    8.4 Downstream Analysis (Customers Analysis)
    8.5 Sales Model and Sales Channels
        8.5.1 Modular Safety Relay Sales Model
        8.5.2 Sales Channel
        8.5.3 Modular Safety Relay Distributors

 9 Research Findings and Conclusion

 10 Appendix
    10.1 Research Methodology
        10.1.1 Methodology/Research Approach
        10.1.2 Data Source
    10.2 Author Details
    10.3 Disclaimer

List of Tables
    Table 1. Modular Safety Relay Market Trends
    Table 2. Modular Safety Relay Market Drivers & Opportunity
    Table 3. Modular Safety Relay Market Challenges
    Table 4. Modular Safety Relay Market Restraints
    Table 5. Global Modular Safety Relay Revenue by Company (2019-2024) & (US$ Million)
    Table 6. Global Modular Safety Relay Revenue Market Share by Company (2019-2024)
    Table 7. Global Modular Safety Relay Sales Volume by Company (2019-2024) & (K Units)
    Table 8. Global Modular Safety Relay Sales Volume Market Share by Company (2019-2024)
    Table 9. Global Market Modular Safety Relay Price by Company (2019-2024) & (USD/Unit)
    Table 10. Key Manufacturers Modular Safety Relay Manufacturing Base Distribution and Headquarters
    Table 11. Key Manufacturers Modular Safety Relay Product Type
    Table 12. Key Manufacturers Time to Begin Mass Production of Modular Safety Relay
    Table 13. Global Modular Safety Relay Manufacturers Market Concentration Ratio (CR5 and HHI)
    Table 14. Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Modular Safety Relay as of 2023)
    Table 15. Mergers & Acquisitions, Expansion Plans
    Table 16. Global Modular Safety Relay Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)
    Table 17. Global Modular Safety Relay Sales Value by Type (2019-2024) & (US$ Million)
    Table 18. Global Modular Safety Relay Sales Value by Type (2025-2030) & (US$ Million)
    Table 19. Global Modular Safety Relay Sales Market Share in Value by Type (2019-2024) & (%)
    Table 20. Global Modular Safety Relay Sales Market Share in Value by Type (2025-2030) & (%)
    Table 21. Global Modular Safety Relay Sales Volume by Type: 2019 VS 2023 VS 2030 (K Units)
    Table 22. Global Modular Safety Relay Sales Volume by Type (2019-2024) & (K Units)
    Table 23. Global Modular Safety Relay Sales Volume by Type (2025-2030) & (K Units)
    Table 24. Global Modular Safety Relay Sales Market Share in Volume by Type (2019-2024) & (%)
    Table 25. Global Modular Safety Relay Sales Market Share in Volume by Type (2025-2030) & (%)
    Table 26. Global Modular Safety Relay Price by Type (2019-2024) & (USD/Unit)
    Table 27. Global Modular Safety Relay Price by Type (2025-2030) & (USD/Unit)
    Table 28. Global Modular Safety Relay Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million)
    Table 29. Global Modular Safety Relay Sales Value by Application (2019-2024) & (US$ Million)
    Table 30. Global Modular Safety Relay Sales Value by Application (2025-2030) & (US$ Million)
    Table 31. Global Modular Safety Relay Sales Market Share in Value by Application (2019-2024) & (%)
    Table 32. Global Modular Safety Relay Sales Market Share in Value by Application (2025-2030) & (%)
    Table 33. Global Modular Safety Relay Sales Volume by Application: 2019 VS 2023 VS 2030 (K Units)
    Table 34. Global Modular Safety Relay Sales Volume by Application (2019-2024) & (K Units)
    Table 35. Global Modular Safety Relay Sales Volume by Application (2025-2030) & (K Units)
    Table 36. Global Modular Safety Relay Sales Market Share in Volume by Application (2019-2024) & (%)
    Table 37. Global Modular Safety Relay Sales Market Share in Volume by Application (2025-2030) & (%)
    Table 38. Global Modular Safety Relay Price by Application (2019-2024) & (USD/Unit)
    Table 39. Global Modular Safety Relay Price by Application (2025-2030) & (USD/Unit)
    Table 40. Global Modular Safety Relay Sales Value by Region: 2019 VS 2023 VS 2030 (US$ Million)
    Table 41. Global Modular Safety Relay Sales Value by Region (2019-2024) & (US$ Million)
    Table 42. Global Modular Safety Relay Sales Value by Region (2025-2030) & (US$ Million)
    Table 43. Global Modular Safety Relay Sales Value by Region (2019-2024) & (%)
    Table 44. Global Modular Safety Relay Sales Value by Region (2025-2030) & (%)
    Table 45. Global Modular Safety Relay Sales Volume by Region (K Units): 2019 VS 2023 VS 2030
    Table 46. Global Modular Safety Relay Sales Volume by Region (2019-2024) & (K Units)
    Table 47. Global Modular Safety Relay Sales Volume by Region (2025-2030) & (K Units)
    Table 48. Global Modular Safety Relay Sales Volume by Region (2019-2024) & (%)
    Table 49. Global Modular Safety Relay Sales Volume by Region (2025-2030) & (%)
    Table 50. Global Modular Safety Relay Average Price by Region (2019-2024) & (USD/Unit)
    Table 51. Global Modular Safety Relay Average Price by Region (2025-2030) & (USD/Unit)
    Table 52. Key Countries/Regions Modular Safety Relay Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030
    Table 53. Key Countries/Regions Modular Safety Relay Sales Value, (2019-2024) & (US$ Million)
    Table 54. Key Countries/Regions Modular Safety Relay Sales Value, (2025-2030) & (US$ Million)
    Table 55. Key Countries/Regions Modular Safety Relay Sales Volume, (2019-2024) & (K Units)
    Table 56. Key Countries/Regions Modular Safety Relay Sales Volume, (2025-2030) & (K Units)
    Table 57. Phoenix Company Information
    Table 58. Phoenix Introduction and Business Overview
    Table 59. Phoenix Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 60. Phoenix Modular Safety Relay Product Offerings
    Table 61. Phoenix Recent Development
    Table 62. Finder Company Information
    Table 63. Finder Introduction and Business Overview
    Table 64. Finder Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 65. Finder Modular Safety Relay Product Offerings
    Table 66. Finder Recent Development
    Table 67. Panasonic Company Information
    Table 68. Panasonic Introduction and Business Overview
    Table 69. Panasonic Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 70. Panasonic Modular Safety Relay Product Offerings
    Table 71. Panasonic Recent Development
    Table 72. Schneider Electric Company Information
    Table 73. Schneider Electric Introduction and Business Overview
    Table 74. Schneider Electric Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 75. Schneider Electric Modular Safety Relay Product Offerings
    Table 76. Schneider Electric Recent Development
    Table 77. IDEC Corporation Company Information
    Table 78. IDEC Corporation Introduction and Business Overview
    Table 79. IDEC Corporation Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 80. IDEC Corporation Modular Safety Relay Product Offerings
    Table 81. IDEC Corporation Recent Development
    Table 82. Dold Company Information
    Table 83. Dold Introduction and Business Overview
    Table 84. Dold Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 85. Dold Modular Safety Relay Product Offerings
    Table 86. Dold Recent Development
    Table 87. Eaton Company Information
    Table 88. Eaton Introduction and Business Overview
    Table 89. Eaton Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 90. Eaton Modular Safety Relay Product Offerings
    Table 91. Eaton Recent Development
    Table 92. Honeywell Company Information
    Table 93. Honeywell Introduction and Business Overview
    Table 94. Honeywell Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 95. Honeywell Modular Safety Relay Product Offerings
    Table 96. Honeywell Recent Development
    Table 97. Sharp Control Company Information
    Table 98. Sharp Control Introduction and Business Overview
    Table 99. Sharp Control Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 100. Sharp Control Modular Safety Relay Product Offerings
    Table 101. Sharp Control Recent Development
    Table 102. Rockwell Automation Company Information
    Table 103. Rockwell Automation Introduction and Business Overview
    Table 104. Rockwell Automation Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 105. Rockwell Automation Modular Safety Relay Product Offerings
    Table 106. Rockwell Automation Recent Development
    Table 107. Hongfa Company Information
    Table 108. Hongfa Introduction and Business Overview
    Table 109. Hongfa Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 110. Hongfa Modular Safety Relay Product Offerings
    Table 111. Hongfa Recent Development
    Table 112. WAGO Company Information
    Table 113. WAGO Introduction and Business Overview
    Table 114. WAGO Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 115. WAGO Modular Safety Relay Product Offerings
    Table 116. WAGO Recent Development
    Table 117. Steute Technologies Company Information
    Table 118. Steute Technologies Introduction and Business Overview
    Table 119. Steute Technologies Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 120. Steute Technologies Modular Safety Relay Product Offerings
    Table 121. Steute Technologies Recent Development
    Table 122. Schmersal Company Information
    Table 123. Schmersal Introduction and Business Overview
    Table 124. Schmersal Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 125. Schmersal Modular Safety Relay Product Offerings
    Table 126. Schmersal Recent Development
    Table 127. Siemens Company Information
    Table 128. Siemens Introduction and Business Overview
    Table 129. Siemens Modular Safety Relay Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 130. Siemens Modular Safety Relay Product Offerings
    Table 131. Siemens Recent Development
    Table 132. Key Raw Materials Lists
    Table 133. Raw Materials Key Suppliers Lists
    Table 134. Modular Safety Relay Downstream Customers
    Table 135. Modular Safety Relay Distributors List
    Table 136. Research Programs/Design for This Report
    Table 137. Key Data Information from Secondary Sources
    Table 138. Key Data Information from Primary Sources
List of Figures
    Figure 1. Modular Safety Relay Product Picture
    Figure 2. Global Modular Safety Relay Sales Value, 2019 VS 2023 VS 2030 (US$ Million)
    Figure 3. Global Modular Safety Relay Sales Value (2019-2030) & (US$ Million)
    Figure 4. Global Modular Safety Relay Sales Volume (2019-2030) & (K Units)
    Figure 5. Global Modular Safety Relay Sales Price (2019-2030) & (USD/Unit)
    Figure 6. Modular Safety Relay Report Years Considered
    Figure 7. Global Modular Safety Relay Players Revenue Ranking (2023) & (US$ Million)
    Figure 8. Global Modular Safety Relay Players Sales Volume Ranking (2023) & (K Units)
    Figure 9. The 5 and 10 Largest Manufacturers in the World: Market Share by Modular Safety Relay Revenue in 2023
    Figure 10. Modular Safety Relay Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023
    Figure 11. Single Channel Modular Safety Relay Picture
    Figure 12. Dual Channel Modular Safety Relay Picture
    Figure 13. Global Modular Safety Relay Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million)
    Figure 14. Global Modular Safety Relay Sales Value Market Share by Type, 2023 & 2030
    Figure 15. Global Modular Safety Relay Sales Volume by Type (2019 VS 2023 VS 2030) & (K Units)
    Figure 16. Global Modular Safety Relay Sales Volume Market Share by Type, 2023 & 2030
    Figure 17. Global Modular Safety Relay Price by Type (2019-2030) & (USD/Unit)
    Figure 18. Product Picture of Factory Automation
    Figure 19. Product Picture of Electricity and Utilities
    Figure 20. Product Picture of Building Safety Control
    Figure 21. Product Picture of Automotive
    Figure 22. Product Picture of Others
    Figure 23. Global Modular Safety Relay Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million)
    Figure 24. Global Modular Safety Relay Sales Value Market Share by Application, 2023 & 2030
    Figure 25. Global Modular Safety Relay Sales Volume by Application (2019 VS 2023 VS 2030) & (K Units)
    Figure 26. Global Modular Safety Relay Sales Volume Market Share by Application, 2023 & 2030
    Figure 27. Global Modular Safety Relay Price by Application (2019-2030) & (USD/Unit)
    Figure 28. North America Modular Safety Relay Sales Value (2019-2030) & (US$ Million)
    Figure 29. North America Modular Safety Relay Sales Value by Country (%), 2023 VS 2030
    Figure 30. Europe Modular Safety Relay Sales Value (2019-2030) & (US$ Million)
    Figure 31. Europe Modular Safety Relay Sales Value by Country (%), 2023 VS 2030
    Figure 32. Asia Pacific Modular Safety Relay Sales Value (2019-2030) & (US$ Million)
    Figure 33. Asia Pacific Modular Safety Relay Sales Value by Country (%), 2023 VS 2030
    Figure 34. South America Modular Safety Relay Sales Value (2019-2030) & (US$ Million)
    Figure 35. South America Modular Safety Relay Sales Value by Country (%), 2023 VS 2030
    Figure 36. Middle East & Africa Modular Safety Relay Sales Value (2019-2030) & (US$ Million)
    Figure 37. Middle East & Africa Modular Safety Relay Sales Value by Country (%), 2023 VS 2030
    Figure 38. Key Countries/Regions Modular Safety Relay Sales Value (%), (2019-2030)
    Figure 39. Key Countries/Regions Modular Safety Relay Sales Volume (%), (2019-2030)
    Figure 40. United States Modular Safety Relay Sales Value, (2019-2030) & (US$ Million)
    Figure 41. United States Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
    Figure 42. United States Modular Safety Relay Sales Value by Application (%), 2023 VS 2030
    Figure 43. Europe Modular Safety Relay Sales Value, (2019-2030) & (US$ Million)
    Figure 44. Europe Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
    Figure 45. Europe Modular Safety Relay Sales Value by Application (%), 2023 VS 2030
    Figure 46. China Modular Safety Relay Sales Value, (2019-2030) & (US$ Million)
    Figure 47. China Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
    Figure 48. China Modular Safety Relay Sales Value by Application (%), 2023 VS 2030
    Figure 49. Japan Modular Safety Relay Sales Value, (2019-2030) & (US$ Million)
    Figure 50. Japan Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
    Figure 51. Japan Modular Safety Relay Sales Value by Application (%), 2023 VS 2030
    Figure 52. South Korea Modular Safety Relay Sales Value, (2019-2030) & (US$ Million)
    Figure 53. South Korea Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
    Figure 54. South Korea Modular Safety Relay Sales Value by Application (%), 2023 VS 2030
    Figure 55. Southeast Asia Modular Safety Relay Sales Value, (2019-2030) & (US$ Million)
    Figure 56. Southeast Asia Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
    Figure 57. Southeast Asia Modular Safety Relay Sales Value by Application (%), 2023 VS 2030
    Figure 58. India Modular Safety Relay Sales Value, (2019-2030) & (US$ Million)
    Figure 59. India Modular Safety Relay Sales Value by Type (%), 2023 VS 2030
    Figure 60. India Modular Safety Relay Sales Value by Application (%), 2023 VS 2030
    Figure 61. Modular Safety Relay Industrial Chain
    Figure 62. Modular Safety Relay Manufacturing Cost Structure
    Figure 63. Channels of Distribution (Direct Sales, and Distribution)
    Figure 64. Bottom-up and Top-down Approaches for This Report
    Figure 65. Data Triangulation
    Figure 66. Key Executives Interviewed

A modular safety relay is an intelligent electronic device designed specifically for use in industrial control systems (ICS) implementing functional safety principles aimed at mitigating potential dangers inherently present in high-risk processes involving human injury or property damage scenarios, where failure modes must be detected promptly triggering protective actions averting catastrophic accidents while maintaining normal system operation when possible during other instances.

The global market for Modular Safety Relay was estimated to be worth US$ 195 million in 2023 and is forecast to a readjusted size of US$ 271.6 million by 2030 with a CAGR of 4.8% during the forecast period 2024-2030

The modular safety relay market has seen steady growth in recent years due to the increasing demand for functional safety in industrial applications across various sectors such as automotive, oil & gas, mining, chemical processing, and power generation plants. This trend can be attributed to rising concerns regarding worker safety and plant efficiency, coupled with stricter regulatory frameworks like OSHA in the United States requiring companies to adhere to strict safety standards.

Moreover, technological advancements have made it easier for manufacturers to produce cost-effective and compact modular safety relays featuring advanced networking capabilitieThese features allow operators to monitor and manage safety functions remotely through a centralized platform, streamlining maintenance efforts and reducing downtime associated with manual interventions.

In terms of regional demand, North America and Europe account for significant shares of the modular safety relay market owing to stringent regulations and strong emphasis on worker safety. However, Asia Pacific has experienced rapid expansion due to growing infrastructure development projects and increased focus on industrial safety practices among emerging economies like China, India, and South Korea.

Overall, the global modular safety relay market will continue to experience robust growth in the upcoming years as more companies adopt these devices to ensure the highest levels of safety and productivity in their facilities. Key players include Schneider Electric, Rockwell Automation, and Siemens, who offer comprehensive product portfolios and services catering to diverse industry verticals worldwide.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Modular Safety Relay, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Modular Safety Relay by region & country, by Type, and by Application.

The Modular Safety Relay market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Modular Safety Relay.

Market Segmentation

Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Modular Safety Relay manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Modular Safety Relay in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Modular Safety Relay in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.