Press release
Global Machine Safety Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Machine safety is especially important in industries like manufacturing, construction, and mining that require strong machinery. Employers may help prevent accidents and injuries, protect their employees, and reduce the likelihood that accidents or injuries result in losses for the business by putting in place the right safety measures and processes. This takes care of expenses like workers' compensation claims, medical expenses, and lost productivity, damage to property and equipment, as well as lawyer fees and judgements from court proceedings or legal action.
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Europe is projected to have the highest CAGR over the forecast period, owing to the increased demand for advanced machine safety solutions across various sectors. The demand for machine safety solutions is being fueled in part by increased worker safety awareness and the adoption of Industry 4.0 technology. The availability and use of machinery that doesn't adhere to the legal criteria are restricted by the safety regulations and guidelines in the area.
Some of the key players profiled in the Machine Safety Market include Emerson Electric Co., Rockwell Automation, Inc., General Electric Co., Honeywell International Inc., Schneider Electric SE, Yokogawa Electric Corp., ABB Ltd., Omron Corporation, Siemens AG, Mitsubishi Electric Corporation, B&R Automation, Keyence Corporation, Hima, IDEC Corporation, Sick AG, Banner Engineering and Pilz GmbH & Co. KG.
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Key Developments:
In June 2023, Banner Engineering Corp. introduces the ZMX series 3D time of flight sensor that provides a single sensor for volume monitoring.
In April 2023, Siemens and Microsoft are leveraging the collaborative power of generative artificial intelligence (AI) to assist industrial companies in driving innovation and efficiency throughout the product design, engineering, manufacturing, and operational lifecycle.
In April 2023, Emerson will exhibit advanced, discrete automation solutions, from the factory floor to the cloud, at Hannover Messe. Visitors to Hall 6, Stand C57 can view the Discrete Automation portfolio of ASCO, AVENTICS, Branson, Movicon, PACEdge and PACSystems, as well as CoreTigo solutions.
In April 2022, Mitsubishi Electric Corporation launched a new digital cockpit, Inca Jay, that showcases a suite of technologies for Advanced Driver Assistance Systems (ADAS), cabin safety and enhanced User Experience (UX), that will shape the future of connectivity and usability in vehicles.
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
For more information about this report visit https://www.strategymrc.com/report/machine-safety
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Website: https://www.strategymrc.com
About Us:
Stratistics MRC offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, Market experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
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