[168 Pages Report] The machine
safety market was valued at USD 4.14 Billion in 2017 and is expected to
reach USD 6.58 Billion by 2025, at a CAGR of 6.0% during the forecast period.
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 market.
Ask for PDF Brochure:
Factors that are driving the growth of the market
include 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.
However, failure to protect workers and machines from secondary hazards, along
with additional costs associated with machine safety systems, is hindering the
growth of the market. Evolution of Industrial Revolution 4.0 and development of
new and improved safety light curtains with digital indicators provide growth
opportunities for the machine safety market. The machine safety market has been
segmented on the basis of component, implementation, application, industry, and
region.
The leading position of presence-sensing safety
sensors, in terms of market size, can be attributed to the increasing security
requirements to protect workers and production units from accidents. 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. The market for programmable safety systems is expected to
grow at the highest rate between 2018 and 2025.
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. However, the market for assembly
applications is expected to grow at a high rate during the forecast period.
Assembling is a continuous, fast, and precise process; it is required to be
error-free. Moving parts of machinery and other potential hazards can cause harm to workers; therefore, it is
necessary to adopt machine safety measures for assembly applications.
Implementation of machine safety systems in assembly lines involves the use of
a shield or device covering hazardous area of a machine to prevent contact with
the human body.
The automotive industry held the largest size of
the machine safety market in 2017. The rising demand for automobiles owing to
the increasing 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.
The rising adoption of machine safety systems, such
as safety light curtains, safety switches, emergency stop devices, and safety
sensors, for assembly, presses, material handling applications in the
automotive industry is driving the growth of the machine safety market for the
automotive industry. The machine safety market for the food & beverages
industry is expected to grow at a high rate between 2018 and 2025.
Request Sample Report:
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. However, among all regions, the machine safety market in APAC
is expected to grow at the highest rate during the forecast period. The
adoption of safety automation solutions in manufacturing industries in this
region is increasing significantly with rapid industrialization, thereby
contributing to market growth.
About MarketsandMarkets™
MarketsandMarkets™ provides
quantified B2B research on 30,000 high growth niche opportunities/threats which
will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500
customers worldwide including 80% of global Fortune 1000 companies as clients.
Almost 75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment