The Global Safety Drives and Motors market is valued at USD XX . XX billion in 2016 and is expected to reach a value of USD XX . XX billion by the end of 2022 , growing at a projected CAGR of 6.7 % during the forecast period of 2017 – 2022 . A motor is an important piece of machinery in the functioning of any industrial sector . With the existence of numerous hazardous zones in the core industrial sectors , the need for safety motors has become imperative . These safety motors possess features that allow control of speed and torque of the system and also lead to significant energy savings and optimal process control .
The current safety motors are certified according to IEC and EN Standards as well as to fulfill ATEX directives and other international standards . The safety drives provide options , which can help minimize machine time and increase productivity while keeping both the personnel and equipment safe from any kind of damage .
Request for Sample Copy of Global Safety Drives and Motors Market Report @ http :// www . orbisresearch . com / contacts / request-sample / 223858
By the end of 2016 , North America region will be the major market followed by Europe and Asia-Pacific . The key factors contributing to the growth of the global safety motors market are demand for safe equipment , industry safety standards and the need for cost-effective systems . While the factors ’ driving the global safety drives market are the needs for systems that possess flexible and reliable functionality as well as the high degree of cost-effectiveness that these safety drives come with .
The complexity of standards is the challenge that applies to both the global safety motors as well the global safety drives market . The safety motors also have an issue of having restricted applications or lack of flexible functionality in different zones .
The global safety drives market is broadly segmented on the basis of types , end-users and geography . On the basis of types , the safety drives market has been segmented into AC drives , DC drives and others . Similarly , based on its end-users , the applications of global safety drives and motors market is segmented into segments such as energy and power , manufacturing , pharmaceutical , petroleum & chemicals , construction , food and beverages , oil & gas and others . Some of the market players mentioned in the report are Rockwell Automation , Siemens , ABB , GE , Schneider Electric , Solomon and more .
Browse The Complete Report @ http :// www . orbisresearch . com / reports / index / global-safetydrives-and-motors-market-2017-2022
2