The machine safety market is
expected to grow from USD 4.37 Billion in 2018 to USD 6.58 Billion by 2025, at
a CAGR of 6.0% between 2018 and 2025. Growing emphasis on industrial safety and
proactive safety measures, rising number of accidents in industries, mandatory
safety standards and government policies, and increasing demand for
presence-sensing safety devices are driving the growth of the machine safety
market.
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Presence-sensing safety sensors held the largest size of the
machine safety market in 2017
Presence-sensing
safety sensors held the largest size, in terms of value, of the machine safety
in 2017. Presence-sensing safety sensors used in safety systems are developed
and designed to ensure a safe output based on logic if a signal transmission
does not occur. Safety sensors play an important role in implementing machine
safety solutions in various industrial applications. Presence-sensing safety
devices are suitable for applications in which personnel need frequent and safe
access to critical areas near robotic welding, stamping, hydraulic presses,
filter presses, or packaging equipment. These safety sensors are often
preferred over physical guards as these devices allow easier access for loading
parts or for routine maintenance, thereby increasing productivity.
Robotics applications to hold the largest size of the market
between 2018 and 2025
Safety is
important in the robotics industry. Robotics applications hold the largest
share of the machine safety market, and a similar trend is likely to continue between
2018 and 2025. Industrial robots are programmable mechanical machines that are
used for moving parts, components, materials, and tools. Machine safety
functions such as controlling, limiting, and positioning are a must for
automated robotic processes. Machine safety products sense emergency situations
and stop robots from making and damaging products or harming operators. Thus,
the market for robotics applications is expected to grow at a considerable rate
during the forecast period.
Automotive industry held the largest size of the machine safety
market in 2017
The
automotive industry held the largest size of the machine safety market in 2017.
The rising demand for automobiles owing to the increase in population with
purchasing power worldwide and the feasibility of easy loans is driving the
growth of the market for the automotive industry. The development of
environmentally friendly electric vehicles has led to the creation of a new
segment of automobiles. Automotive companies focus on automation to address the
fast-changing consumer needs in various markets worldwide. The rising
adoption of machine safety systems, such as safety light curtains, safety
switches, emergency stop devices, and safety sensors, for assembly, presses,
and material handling applications in the automotive industry is driving the
growth of the machine safety market for the automotive industry.
Europe to hold the largest size of the machine safety market
between 2018 and 2025
Europe is
expected to hold the largest size of the machine safety market throughout the
forecast period. The presence of automotive manufacturers and increasing
automation in the automotive industry in Europe support the growth of the
machine safety market in this region. Manufacturing process in the automotive
industry is complex; it requires safety measures to ensure the safety of
personnel as well as machines for the smooth functioning of the industry. In
addition, machine and industrial safety measures are strictly followed under
various regulatory standards in Europe. Countries in this region are
continuously focusing on automating discrete and process industries, along with
maintaining high safety standards ensuring the safety of workers in these
industries. Due to these factors, Europe is expected to hold the largest share
of the machine safety market throughout the forecast period.
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The machine
safety market was dominated by players such as Rockwell (US), Pilz (Germany),
Schneider (France), SICK (Germany), and Mitsubishi Electric (Japan), ABB
(Switzerland), Honeywell (US), KA Schmersal (Germany), and Omron (Japan).
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