Modernization of Safety Standards Is a Significant Investment Opportunity for the Markets in the Global Safety Motion Control Market

Global safety motion control market is predicted to observe a tremendous growth in the forecast period majorly owing to the growing significance of workplace safety and adoption of safety standards across the globe. By component, the sensors segment is estimated to witness considerable growth in the global industry by 2026. European region is anticipated to subjugate the overall market in the estimated timeframe.
The global safety motion control market is expected to observe robust growth over the forecast period owing to the increasing importance of workplace safety across the globe. Europe market to be most lucrative by the end of 2026.

As per a Research Dive published report, the global safety motion control market is estimated to rise at a CAGR of 5.9% and surpass $22,980.0 million over the forecast period from 2019 to 2026.

The global market is segmented based on application, component, end-use, and region. Our analysts have stated that the growing adoption of safety standards and the rising importance of workplace safety are major factors predicted to propel the growth of the global safety motion control market in the estimated timeframe.

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Besides, the constantly growing industrialization and modernization to enhance safety standards at workplace is expected to create lucrative growth opportunities in the global market. Moreover, the various advantages of the motion systems such as lower system costs, flexibility of the systems, easy implementation, and high productivity are other factors to bolster the market growth in the projected time.

Sensors Segment to be Most Lucrative throughout the Forecast

By component, the global market is segmented into DC motors, sensors, feedback devices, AC motors, motion controllers, and others. Among these, the sensors segment is estimated to experience noteworthy growth in the forecast period. This growth is majorly attributed to the wide-ranging usage of sensors various end use industries, such as manufacturing, automotive, and others.

Assembling & Disassembling Equipment Segment to Hold the Largest Market Share

By application, the global industry is categorized into packaging, assembling & disassembling of equipment, material handling, and others. Of these, the assembling & disassembling of equipment is expected to account for majority of share mainly because it is a major operation in automotive, manufacturing, consumer electronics & other industries.

Automotive Segment to Witness Significant Growth

By end use industry, the global market is segmented into aerospace & defense, manufacturing, automotive, energy, and others. Of these, the automotive sector is projected to observe a considerable growth by 2026, owing to the growing demand for motion control systems to use in monitoring & control of mechanical parts.

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Europe to Subjugate the Global Industry by 2026

Based on region, the global industry is divided into Europe, LAMEA, Asia Pacific, and North America. Of these, Europe safety motion control market is expected to play a dominant position mainly due to the presence of established manufacturers in the region such as Demero Automation Systems, Bosch Rexroth AG, Schneider Electric, and SIGMATEK GmbH & Co KG.

Major Players of the Market

The key players functioning in the global safety motion control market include Schneider Electric, Mitsubishi Electric Corporation, YASKAWA ELECTRIC CORPORATION, Siemens, ABB, Rockwell Automation, Inc., Demero Automation Systems, SIGMATEK GmbH & Co KG, Bosch Rexroth AG, and SICK AG. These players are adopting several strategies such as mergers & acquisitions, product developments, and novel product launches to obtain a strong position in the global industry. Further, the report outlines ad presents several aspects of these key players such as recent strategic moves & developments, product portfolio, SWOT analysis, and financial performance.

Mr. Abhishek Paliwal
Research Dive
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

This release was published on openPR.