Press release
Machine Safety Market 2023 : Global Analysis, Size, In Depth Insights, Growth And Forecast To 2032 | ABB Ltd., Schneider Electric SE, Emerson Electric Co, Sick AG, Siemens AG
Machine Safety Market Growth
As per the machine safety market report by The Business Research Company, the strict machine safety mandates is expected to propel the growth of the machine safety market during the forecast period. Due to the increasing workplace accidents and poor public safety management, many government and international organizations are introducing strict machine safety mandates for machinery at the workplace.
The global machine safety market size grew from $4.91 billion in 2022 to $5.26 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The machine safety market size is expected to grow to $7.27 billion in 2027 at a CAGR of 8.4%.
Read More On The Machine Safety Market Report Here:
https://www.thebusinessresearchcompany.com/report/machine-safety-global-market-report
Major competitors in the Machine Safety market include ABB Ltd., Schneider Electric SE, Honeywell International Inc., Emerson Electric Co, Rockwell Automation Inc., Mitsubishi Electric Corporation, Sick AG, Siemens AG, Keyence Corporation, Omron Corporation, Banner Engineering Corp, General Electric Co, IDEC Corporation, Pilz GmbH & Co KG and Balluff GmbH.
The Machine Safety market is segmented -
By Implementation: Individual Components, Embedded Components
By Component: Presense Sensing Safety Sensors, Safety Interlock Switches, Safety Controllers/Modules/Relays, Programmable Safety Systems, Emergency Stop Controls, Two-Hand Safety Controls
By System: Assembly, Material Handling, Metal Working, Packaging, Robotics, Other Systems
By Industry: Oil And Gas, Energy And Power, Chemicals, Food And Beverages, Aerospace And Defense, Automotive, Semiconductor And Electronics, Healthcare And Pharmaceuticals, Metals And Mining, Other Industries
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Machine Safety market.
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Machine safety refers to the sensor, devices, or switches used to control workplace accidents and improve production efficiency. The objective of machine safety is to protect workers from the hazards of machinery and the hazardous effect related to it. Machine safety controllers monitor safety and non-safety input devices providing safe stop and start functions for machines with motion.
The Table Of Content For The Machine Safety Market Include:
1. Executive Summary
2. Machine Safety Market Characteristics
3. Machine Safety Market Trends And Strategies
4. Machine Safety Market - Macro Economic Scenario
5. Machine Safety Market Size And Growth
……
26. Africa Machine Safety Market
27. Machine Safety Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Machine Safety Market
29. Machine Safety Market Future Outlook and Potential Analysis
30. Appendix
The "Global Machine Safety Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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