Machine Safety Market Key Industry Vendors Siemens, Honeywell, ABB, Pilz, OMRON, Mitsubishi Corporation, Schneider Electric, Rockwell Automation, Rite-Hite, Troax AB, Rockford Systems, LLC, Pepperl+Fuchs GmbH, SICK, IDEC Corporation, KEYENCE CORPORATION

Global Machine Safety Market is set to rise from its initial estimated value of USD 4.41 billion in 2018 to an estimated value of USD 6.89 billion by 2026, registering a CAGR of 5.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing concerns for safety due to the increased number of accidents.

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Market Drivers:

• Increased cases of accidents in various industries due to the unsafe conditions of machines is expected to drive the market growth

• Increased concerns

Market Restraints:

• Inability of providing proper safety and protection from secondary hazards is expected to restrain the market growth

• High cost and maintenance adding up to additional costs is also expected to restrain the market growth

Competitive Analysis:

Global machine safety market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of machine safety market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players: Global Machine Safety Market

Few of the major competitors currently working in machine safety market are

• Rockwell Automation Inc.,
• Schneider Electric,
• Mitsubishi Electric Corporation,
• OMRON Corporation,
• Pilz GmbH & Co. KG,
• ABB,
• Honeywell International Inc.,
• Siemens AG,
• KEYENCE CORPORATION,
• IDEC Corporation,
• SICK AG,
• Pepperl+Fuchs,
• Euchner-USA Inc.,
• PHOENIX CONTACT,
• K.A. Schmersal GmbH & Co. KG,
• Datalogic S.p.A.,
• Stronghold Safety Engineering,
• Rockford Systems LLC,
• Troax Group,
• Rite-Hite

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Segmentation: Global Machine Safety Market

By Component

• Presence-Sensing Safety Sensors

 Safety Edges
 Laser Scanners
 Safety Light Curtains
 Safety Mats
 Optoelectronic Devices

• Safety Controllers/Modules/Relays
• Programmable Safety Systems (Safety PLCS)
• Safety Interlock Switches

 Electromechanical
 Hinge Pin
 Limit
 Non-Contact
 Tongue
 Trapped Key

• Emergency Stop Devices

 Push Buttons
 Rope (Cable) Pull Buttons

• Two-Hand Safety Controls

By Implementation

• Individual Components
• Embedded Components

By Application

• Assembly
• Material Handling
• Metal Working
• Packaging
• Robotics
• Others

By Industry

• Oil & Gas
• Chemicals
• Aerospace
• Semiconductors & Electronics
• Food & Beverages
• Automotive
• Healthcare
• Others

By Geography

• North America

• South America

• Europe

• Asia-Pacific

• Middle East and Africa

Table of Contents

1. Introduction

2. Market Segmentation

3. Market Overview

4. Executive Summary

5. Premium Insights

6. Global, By Component

7. Product Type

8. Delivery

9. Industry Type

10. Geography

10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa

11. Company Landscape

12. Company Profiles

13. Related Reports

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This release was published on openPR.