Press release
Double Digit Growth Anticipated for Safety Motion Control Market with Revenues likely to reach US$ 21.73 Billion by 2026 | Mitsubishi Electric, Schneider Electric, Rockwell Automation, ABB, Siemens, Bosch Rexroth
Global Safety Motion Control Market Report 2019 offers elaborated knowledge on the market parts like size, Key Regions, growth, trends, dominating firms, Major Manufactures. The Safety Motion Control report introduces market competition situation among the vendors, revenue, product & services, latest developments and business strategies.Overview of the Global Safety Motion Control Market:
The report spread across 162 pages is an overview of the Global Safety Motion Control Market. These report study based on the Safety Motion Control Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.
The Global Safety Motion Control Market accounted for $13.30 Billion in 2017 and is expected to reach $21.73 Billion by 2026 growing at a CAGR of 5.6% during the forecast period (2019 - 2026). Increased emphasis on adopting safety standards, demand for safe equipment and low maintenance are some of the major key factors influencing the market growth. However, high installation costs and lack of high skilled workers are hampering the market growth.
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Safety motion control system aids in controlling the manufacturing process more accurately, hence increasing the product quality as well as the cycle time of the production is reduced considerably. Motion control system performs a wide variety of functions ranging from a simple unit assigned to move an object to a machine tool application, which works with perfect coordination to execute multiple simultaneous movements. Safety motion control systems are an emerging class with improved safety and security mechanisms. There are mainly three component of the safety motion control system such as drive system, motors and gearbox.
Based on End User, Automotive segment held significant market share during the forecast period owing to growing development in manufacturing and assembly processes of HCV’s and high-end motor vehicles. Motion control provides manufacturers with the flexibility they need to optimize the vehicle cam shaft for each engine type. Regional analysis, North America is expected to grow at a faster rate due to availability of high technological resources.
This comprehensive Safety Motion Control Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
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Major Key Players:
1 Mitsubishi Electric
2 Schneider Electric
3 Rockwell Automation, Inc.
4 ABB Group
5 Siemens
6 Yaskawa Electric Corporation
7 Bosch Rexroth
8 SICK Group
9 Demero Automation Systems
10 Astre Engineering Tunisie and More………….
Market Segment by Components:
1 Feedback Devices
2 Drives
3 Motion Controllers
4 DC Motors
5 Sensors
6 Other Components
Market Segment by Types:
1 Closed loop
2 Open loop
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Table of Contents:
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Safety Motion Control Market, By Organization Size
6 Global Safety Motion Control Market, By Deployment Type
7 Global Safety Motion Control Market, By Component
8 Global Safety Motion Control Market, By End User
9 Global Safety Motion Control Market, By Geography
10 Key Developments
11 Company Profiling
About us:
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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ProgMark Pvt. Ltd.
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India.
sales@marketprognosis.com
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