Machine Safety Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Machine Safety Market covers analysis By Component (Presence-Sensing Safety Sensors, Safety Controllers Modules Relays, Programmable Safety Systems, Safety Interlock Switches, Emergency Stop Devices, Others); Application (Material Handling, Metal Working, Packaging, Robotics, Others); Industry (Oil and Gas, Chemicals, Aerospace, Semiconductor and Electronics, Food and Beverages, Automotive, Healthcare, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00002788
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW



The increase in accidents at the workplace is leading to be the major threats for the industry reputation of the firms. Industries are focusing on implementing machine safety measures, owing to life-threatening injuries to the personnel working near machines. Industries are concentrating on delivering security to the workers by the implementation of machine safety equipment, and also maintaining the safety of the machinery.

MARKET SCOPE



The "Global Machine Safety Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the machine safety market with detailed market segmentation by component, application, industry, and geography. The report provides key statistics on the market status of the leading machine safety market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION



  •   Based on component, the global machine safety market is segmented presence-sensing safety sensors, safety controllers modules relays, programmable safety systems, safety interlock switches, emergency stop devices, and others.
  •   On the basis of application, the market is segmented into material handling, metal working, packaging, robotics and others.
  •   Based on industry, the market is segmented into oil and gas, chemicals, aerospace, semiconductor and electronics, food and beverages, automotive, helathcare, and others.


MARKET DYNAMICS


Drivers



  •   The growing emphasis on proactive safety and industrial safety measures, an increasing number of accidents in companies, growing demand for presence-sensing safety devices, and mandatory safety standards and government policies are propelling the growth of the market.
  •   Moreover, emerging industrial revolution 4.0 and the development of innovative and advanced safety light curtains with digital indicators are expected to provide significant opportunities for the machine safety market in the forecast period

Restraints



  •   The increasing complexity in safety-based hardware and software designs is anticipated to hamper the growth of the machine safety market.

REGIONAL FRAMEWORK



The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The machine safety market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the machine safety market in these regions.

IMPACT OF COVID-19 ON MACHINE SAFETY MARKET


COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS



The report covers key developments in the machine safety market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from machine safety market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the machine safety market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   ABB Ltd.
  •   Banner Engineering Corp.
  •   Honeywell International Inc.
  •   IDEC CORPORATION
  •   KEYENCE CORPORATION
  •   OMRON CORPORATION
  •   ROCKWELL AUTOMATION, INC.
  •   SCHNEIDER ELECTRIC SE
  •   SICK AG
  •   SIEMENS AG


The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Machine Safety Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Component
  • Presence-Sensing Safety Sensors
  • Safety Controllers Modules Relays
  • Programmable Safety Systems
  • Safety Interlock Switches
  • Emergency Stop Devices
By Application
  • Material Handling
  • Metal Working
  • Packaging
  • Robotics
By Industry
  • Oil and Gas
  • Chemicals
  • Aerospace
  • Semiconductor and Electronics
  • Food and Beverages
  • Automotive
  • Healthcare
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • ABB Ltd.
  • Banner Engineering Corp.
  • Honeywell International Inc
  • IDEC CORPORATION
  • KEYENCE CORPORATION
  • OMRON CORPORATION
  • ROCKWELL AUTOMATION, INC.
  • SCHNEIDER ELECTRIC SE
  • SICK AG
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    This text is related
    to segments covered.

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    This text is related
    to country scope.

    Trends and growth analysis reports related to Electronics and Semiconductor : READ MORE..   

    The List of Companies

    1. ABB Ltd.
    2. Banner Engineering Corp.
    3. Honeywell International Inc
    4. IDEC CORPORATION
    5. KEYENCE CORPORATION
    6. OMRON CORPORATION
    7. ROCKWELL AUTOMATION, INC.
    8. SCHNEIDER ELECTRIC SE
    9. SICK AG
    10. SIEMENS AG

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