Global Safety Light Curtains Market

Global Safety Light Curtains Market is expected to grow from USD 870.2 Million in 2016 to USD 1200.12 Million by 2024, at a CAGR of 4.1%. (Detailed analysis of the market CAGR is provided in the report).
Global Safety Light Curtains Market
Global Safety Light Curtains Market is segmented on the basis of Safety Level Type, Component, Resolution, Industry, and Geography. Rising incidents of accidents in industries, growing demand for safety light curtains in various industries such as automotive, healthcare, and food and beverages, and rise in industrial automation are the major factors driving the growth of the Global Safety Light Curtains Market.

However, the requirement of regular maintenance of safety light curtains and inability of safety light curtains to protect from secondary hazards are the key restraining factors for the market growth.

Further key findings from the report:

• From the safety level type segment, type-2 curtains held the largest share of the Global Safety Light Curtains Market. Type-2 curtains are widely used in table-top robotic work cells, small packaging machines, supplemental safeguarding, small assembly equipment, automated production equipment, and pick-and-place machines. The cost-saving benefits of type-2 safety curtains further drive the growth of this segment
• Global Safety Light Curtains Market for 25-90mm resolution is expected to witness highest CAGR during the forecast period. The safety light curtains in the resolution range of 25-90mm are widely used for hand detection applications and for robotic machines, these safety light curtains help in keeping robotic arms safe in confined areas
• Among geographical regions, APAC is anticipated to account for the largest share of the overall Global Safety Light Curtains Market between 2017 and 2024. Owing to strong demand for consumer goods, the packaging industry in APAC is growing at a tremendous pace. Rising need for efficient control and analysis of machinery in the packaging industry is expected to propel the market for safety light curtains

Key Highlights:

• Analysis of competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Global Safety Light Curtains Market
• The objective of the report is to provide a detailed analysis of the Global Safety Light Curtains Market on the basis of safety level type, component, resolution, industry, and geography
• Complete quantitative analysis of the industry from 2017 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Analysis of the Global Safety Light Curtains Market with respect to individual growth trends, prospects, and contribution to the total market
• Segment wise business performance detailed in report will be worthwhile for the organizations willing to enhance its business
• Provides detailed information regarding the major factors influencing the growth of the Global Safety Light Curtains Market (drivers, restraints, opportunities, and challenges)
• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business

Years that have been considered for the study are as follows:
• Base Year – 2016
• Estimated Year – 2017
• Forecast Period – 2017 to 2024

For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered

Research Methodology:

The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get the unbiased idea of the market. This exercise was done at the country level to get the fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Global Safety Light Curtains Market

For more information visit : https://www.maximizemarketresearch.com/market-report/global-safety-light-curtains-market/3167/

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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This release was published on openPR.