Machine Safety Market 2019 Leading Players - Rockwell Automation Inc., Schneider Electric, Mitsubishi Electric Corporation, OMRON Corporation, Pilz GmbH & Co. KG, ABB, Honeywell International Inc., Siemens AG, KEYENCE CORPORATION

This Global Machine Safety Market report is structured with the thorough market analysis carried out by a team of industry experts, dynamic analysts, skilful forecasters and well-informed researchers. In this market research report, industry trends are put together on macro level with which clients can figure out market landscape and possible future issues. The Global Machine Safety Market Report offers an analytical assessment of the prime challenges faced by the market currently and in the coming years, which gives idea to other market participants about the problems they may face while operating in this market over a longer period of time.

Market parameters covered in this Global Machine Safety Market report include but are not limited to latest trends, market segmentation, new market entry, industry forecasting, future directions, opportunity identification, strategic analysis and planning, target market analysis, insights and innovation. The report comprises of the market drivers and restraints which are derived from SWOT analysis and also provides all the CAGR projections for the historic year 2017, base year 2018, and forecast period of 2019-2026. The Global Machine Safety Market report takes into account all the opportunities, challenges, drivers, market structures, and competitive landscape for our clients.

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Major Market Competitors/Players: Global Machine Safety Market

• 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

Global Machine Safety Market, By Component (Presence-Sensing Safety Sensors, Safety Controllers/Modules/Relays, Programmable Safety Systems, Safety Interlock Switches, Emergency Stop Devices, Two-Hand Safety Controls), Implementation (Individual Components, Embedded Components), Application (Assembly, Material Handling, Metal Working, Packaging, Robotics, Others), Industry (Oil & Gas, Chemicals, Aerospace, Semiconductors & Electronics, Food & Beverages, Automotive, Healthcare, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026

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.

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

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Key Developments in the Market:

In July 2017, Schneider Electric announced that they had established an agreement for the acquisition of ASCO Power Technologies, with this acquisition aimed at expanding the product portfolio of Schneider Electric.

In May 2018, Larsen & Toubro (L&T), announced that they signed an agreement for the divesture of its electric and automation department with Schneider Electric. This agreement will make expand Schneider Electric’s portfolio and market share in India, making it one of the major revenue generating regions for the enterprise.

Segmentation:

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

Competitive Analysis: Global Machine Safety Market

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.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

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