Machine Safety Market 2019 Global Size, Trends, Segmentation and Forecast by 2025
Machine Safety Market: Global Size,
Trends, Competitive, Historical & Forecast Analysis, 2019-2025–Increasing Incidents of Industrial Accidents is the
Key Driving Factor for the Global Machine Safety Market.
Machine Safety Market is valued at USD
4.54 Billion in 2018 and expected to reach USD 6.94 Billion by 2025 with a CAGR
of 6.23% over the forecast period.
Machine safety equipments
are the devices which are used to safeguard workers against the hazards and
accidents around machinery and equipment. There are many potential
hazards around machinery and equipment in an industry, such as cutting edges,
chains, gears, revolving shafts, and rotating blades and levers etc. These
hazards may result in injuries & accidents, sickness and even death. Many
of these accidents are caused by human error and hence, safeguarding methods
have to be implemented in industrial sectors. Machine safety devices are
designed to minimize the risk to workers for accident or injury at hazardous
points. Due to global safety standards and improving safety technologies the
workers are more confident to work without worry which in turn optimizes
production. These safety technologies help in keeping workers safe and in
reducing unscheduled downtime and mean time to repair (MTTR), and also help to
streamline lockout and tag-out procedures.
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Machine
safety market is segmented on the basis of component, implementation,
application and region. Based on component the market is divided in to safety
sensors, safety PLCs, safety modules, E-stop devices and two hand safety
control. By implementation the machine safety market is classified in to
individual component and embedded component. Based on application the market is
segmented in to assembly, robotics, packaging, material handling, and metal
working. Based on end-user the market is classified in to oil & gas,
chemicals, aerospace, semiconductor & electronics, food & beverages,
and automotive and healthcare.
The
regions covered in this machine safety market report are North America, Europe,
Asia-Pacific and Rest of the World. On the basis of country level, market of
Machine Safety market is sub divided into U.S., Mexico, Canada, UK, France,
Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key
Players for Machine Safety Market Reports–
Key
players of the Machine Safety marketare Rockwell Automation Inc., Schneider
Electric SE, SICK, and Mitsubishi Electric Corporation, ABB, Honeywell, KA
Schmersal, Omron,Honeywell International Inc, PILZ GmbH & Co. KG, Phoenix
Contact GmbH & Co. KG, Siemens AG and others
Increasing
incidents of industrial accidents is key growth factor driving the growth
of Global Machine Safety Market.
Increasing
use of heavy and complicated machineries in various sectors such as food
industry, healthcare, oil & gas, automotive etc. in developed countries
leads to increasing industrial accidents which propel the demand for machine
safety. Strict increasing government regulations on industries for providing
occupational health to the workers force the companies to provide safety
equipment at workplace which is further anticipated to drive the market growth.
Developing economies in APEC such as India, China and Indonesia are having
rapid urbanization and rising consumer disposable incomes, due to which the demand
of emergency stopcontrols, pressure sensing safety sensors and other machine
safety devices have increased and thus the market is expected to grow in
various industries. Even if with improvement of machine safety, still it can
not protect workers from secondary hazards that are created due to machinery
works and additional costs due to implementation of safety measures are the
restraining factor for this market. Safety light curtains and safety laser
scanners are some of the new technologies which will create opportunities for
this market.
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Europe is expected to dominate the Machine
Safety Market
The European region holds
the largest market share in machine safety market due to presence of leading
automation players as well as strict government regulation. Empowerment of the
legislations such as Machinery Directive 2006/45/EU supports the market growth.
It is a mandatory directive which ensures safety of workers and protection of
machines. In North America, factors such as growing adoption of advanced
technologies and growing demand of safety features are also expected to
supplement the growth of machine safety market. In addition, presence of major
industrial players in this region is also expected to foster the market growth in
this region. As for APAC, due to rapid economic development many big industries
have developed rapidly in this region in last decade, which brings the concern
of safety measures and large number of safety equipment are being supplied to
the industries which is anticipated to foster the growth of machine safety
market in this region.
Key Benefits for Global Machine Safety
Market Reports –
- Global market report covers in depth historical
and forecast analysis.
- Global market research report provides detail information
about Market Introduction, Market Summary, Global market Revenue (Revenue
USD), Market Drivers, Market Restraints, Market opportunities, Competitive
Analysis, Regional and Country Level.
- Global market report helps to identify
opportunities in market place.
- Global market report covers extensive analysis
of emerging trends and competitive landscape.
Machine Safety Market Segmentation –
By Component:
- Safety Sensors
- Safety PLCs
- Safety Modules
- E-Stop Devices
- Two Hand Safety Control
By Implementation:
- Individual Component
- Embedded Component
By Application:
- Assembly
- Robotics
- Packaging
- Material Handling
- Metal Working
By End-User:
- Oil & Gas
- Chemicals
- Aerospace
- Semiconductor & Electronics
- Food & Beverages
- Automotive
- Healthcare
By Region:
- North America
- U.S.
- Canada
- Europe
- U.K.
- France
- Germany
- Italy
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
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