Safety PLC is a special type of PLC that can respond correctly and cut off output in a timely manner when its own or peripheral components or actuators fail, in order to protect personnel, machines, processes, and the environment. It is an ideal choice for safety circuits in factories and process applications such as wind turbines, cranes, and material handling.

Overview of Market Development

As a core equipment in the field of industrial control, safety PLC has upgraded traditional relay control by introducing microelectronics technology, computer technology, automatic control technology, and communication technology, and is widely used in various automation equipment. According to different I/O points, PLCs can be divided into small PLCs, medium PLCs, and large PLCs to meet the needs of different application scenarios. With the advancement of industrial automation and intelligent manufacturing, the safety PLC market shows sustained growth potential.

According to our research data, the estimated revenue of the global safety PLC market in 2024 is $3187 million, an increase of 6.82% compared to 2023, and is expected to continue to increase to $4369 million by 2029. The CAGR for 2024-2029 is estimated to be 6.51%.

Segmented Market Analysis

From the perspective of product types, based on their structural form and functional differences, safety PLCs can be divided into two categories: modular safety PLCs and compact safety PLCs. Among them, modular safety PLC configuration is flexible, easy to expand and maintain; And the compact safety PLC has a compact structure, small size, and price. Research shows that modular safety PLCs have a larger market share, estimated at 53.12% in 2024.

From the perspective of downstream application patterns, safety PLCs are widely used in many fields such as automotive, energy and power, pharmaceutical, semiconductor, oil and gas, food and beverage. Among them, the automotive industry is the largest downstream application market, with an estimated application share of 27.49% in 2024.

Source: www.globalmarketmonitor.com

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the global safety PLC market is moderate. According to the data, the total revenue for safety PLCs of the top 3 enterprises in 2023 was $1407 million, with a total revenue share of 47.16%. The top three companies were Siemens Safety Integrated, Rockwell Automation, and Mitsubishi. In 2023, these three companies accounted for 22.12%, 14.73%, and 10.31% of the global market revenue in the safety PLC market, respectively.

Companies	Market Revenue (Million USD)	Market Share
Siemens Safety Integrated	660	22.12%
Rockwell Automation	439	14.73%
Mitsubishi	308	10.31%
Top3 Companies	1407	47.16%