Machine Safety Market Report Helps To Predict Investment In An Emerging Market For The Forecast Period 2026

The Machine Safety Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Machine Safety market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Machine Safety market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Machine Safety market.

The machine safety market is anticipated to witness a CAGR of over 6.3% during the forecast period (2021 - 2026). 

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Top Leading Companies of Machine Safety Market are - Rockwell Automation, Schneider Electric SE, Mitsubishi Electric Corporation, Omron Corporation, Pilz GmbH & Co. KG, ABB Limited, Honeywell International Inc., Siemens AG, Keyence Corporation, IDEC Corporation, Sick AG, Banner Engineering and others.

Industry News and Updates:

- May 2020 -- ABB announced the launch of its Induction xP Plus actuator for paper and packaging manufacturers seeking an efficient, powerful, rapid-acting, and safe method for controlling caliper on paper machines calendars. Induction xP Plus rapidly ensures efficient heating up to 100 kW/meter in a highly targeted area, providing unmatched flexibility for power density and heating zone width.

- December 2019 -- Rockwell Automation added three new members to the program, which connects companies and system integrators with expertise in current safety standards and a track record of designing safety systems. The program now consist of 45 members located around the world. New members include Matrix Technologies, Inc., Automation Group, and Factory Automation Systems.

Key Market Trends:

Oil and Gas Industry to Hold a Significant Share

- The growing demand for industrial automation products in the oil and gas industry is also expected to create opportunities for machine safety. It enables the upgradation of existing machinery, thereby creating demand for new machine safety equipment that can comply with the upgraded equipment.
- With the US Department of the Interior, under the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) for 2019-2024, planning to enable offshore exploratory drilling in about 90% of the Outer Continental Shelf (OCS) acreage, the oil and gas sector in the region is anticipated to open up new opportunities to the market.
- Further, in several cases, security factors also impact the demand for machine safety equipment, especially in the oil and gas industry. For instance, in countries like Mexico, where the pipelines are often prone to insurgent attacks and theft, there is an increased need for automated and robust emergency stop systems and devices that support remote operations.

Segment by Type:

Safety Sensors
Safety PLCs
Safety Modules
E-Stop Devices

Segment by Application:

Aerospace
Equipment Processing
Chemical Industry
Other

Regional Analysis:

Asia-Pacific to Hold Significant Share

- Asia-pacific is anticipated to witness highest CAGR owing to the growing investments in the industrial sector in the region.
- The Made in China 2025 policy encourages advanced manufacturing, leading to an increased focus on safety. China is the largest market in Asia Pacific for machine safety products by revenue, with roughly a 40% share. In addition, the gradual improvement of technical safety standards, the continuous strengthening of personal safety awareness, and the gradual participation of the state and enterprises in market promotion has also accelerated the growth of machine safety market in the country.
- In 2017, China invested heavily in the automotive industry, resulting in an increase in new projects. The development of electric vehicles significantly drove capital investment, with most of this focused on new machinery.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Machine Safety Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Machine Safety Market (%),2016 - 2026
- Machine Safety Market Share, By Brand
- Machine Safety Market Share, By Company
- Machine Safety Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Machine Safety Market Value Analysis & Forecast
- Promising Machine Safety Development by Major Companies
- Detailed Machine Safety Portfolio of the Major Companies
- Major Deals in the Machine Safety Market
- Major Companies Analysis

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- Country Level analysis for any 5 countries of your choice.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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