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The UAE Safety Switch Market drivers and trends are as follows:
The rising adoption of automation in hazardous industrial areas and the growing government intervention for equipment and worker safety in industries around the UAE are the major drivers surging the growth of the UAE safety switch market. The emerging demand for non-contact door switches to improve the stability of doors will accelerate the demand of the UAE Safety Switch market during the forecast period. The several ongoing infrastructure projects associated with the upcoming events such as Qiddiya, Dubai Expo 2020, Red Sea Project and Neom projects, followed by growing renewable energy projects such as 2 GW photovoltaic project in UAE, Sweihan Photovoltaic Independent Power Project, and Barakah nuclear power plant will drive the demand for safety switches to enhance the safety level of the workers. Dubai's government introduced the "Dubai Industrial Strategy 2030," focusing on enhancing industrial coherence and integration to make Dubai the international hub for innovation, knowledge-based, and sustainable Industrial activities.
The increasing demand for safety switches in the UAE region during the forecast period includes initiatives to improve the existing industries and attract new ones into the market. In 2019, the government introduced an industrial strategy to expand the non-oil sector and increase the role of industrial small and medium enterprises (SME'S). These factors will bring new construction into the market, thus complementing the propelling demand of the UAE safety switch market. Furthermore, the rising hotel projects, including the Royal Atlantis Resort, will boost the need for safety switches in the region. On the other edge of the spectrum, the high installation cost included in the automation process and high maintenance cost of safety switches in hazardous areas will hinder the growth of the UAE Safety Switch market in the upcoming years.
Key Benefits of the Report:
- This report offers an analytical depiction of the market name while providing the current trends and future estimations to determine the imminent investment pockets.
- This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the market name share.
- The report also provides a detailed market name analysis based on competitive intensity and how the competition will take shape over the next six years.
Various companies covered in the UAE Safety Switch Market report:
- ABB UAE
- General Electric UAE
- Rockwell Automation UAE
- Schneider Electric FZE
- Siemens LLC
- Eaton FZE
- Honeywell Middle East
- Omron Corporation
- Pilz UAE
- SICK FZE
Segmentation of the UAE Safety Switch Market:
Breakup by Product Type:
- Contact Safety Switch
o Hinge Switches
o Locking Switches
o Other Contact Safety Switches
- Non-Contact Safety Switch
o Inductive Switches
o Magnetic Switches
o RFID Transponder Switches
Breakup 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
Breakup by Vertical:
- Oil & Gas
- Energy & Power
- Food & Beverage
- Metal & Mining
- Pulp & Paper
- Water & Wastewater Treatment
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