Press release
Safety Light Curtain Marker Detection Market Analysis 2024-2033 : Market Size, Top Segments, Leading Region Forecast | Banner Engineering Corporation, Datalogic S.p.A., Keyence Corporation
Safety Light Curtain Global Market Report
The Business Research Company presents an extensive market research report on the Safety Light Curtain Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The safety light curtain market size has grown strongly in recent years. It will grow from $1.67 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to industrialization boom, early safety regulations, worker safety awareness, evolving manufacturing practices, labor union advocacy.
The safety light curtain market size is expected to see strong growth in the next few years. It will grow to $2.41 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing demand for customized solutions, focus on preventive maintenance, flexible manufacturing needs, increasing awareness about occupational hazards, global expansion of end-user industries, . Major trends in the forecast period include training and education, environmental resistance, technological convergence, innovation in design and functionality..
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Key Market Players:
Major companies operating in the safety light curtain market report are Banner Engineering Corporation, Datalogic S.p.A., Keyence Corporation, Leuze electronic GmbH + Co. KG, Omron Corporation, Panasonic Corporation, Rockwell Automation Inc., SICK Pty Ltd., Carlo Gavazzi Holding AG, K.A. Schmersal Holding GmbH & Co. KG, Hengstler GmbH, Balluff GmbH, Euchner GmbH + Co. KG, Fortress Interlocks Ltd., ReeR Safety S.r.l., Fiessler Elektronik GmbH, Emerson Electric Co., ASO Safety Solutions, HBM Nuclear Technologies GmbH, Satech Safety Technology S.p.A., Smartscan Ltd., ABB Ltd., IDEC Corporation, Pilz GmbH & Co. KG, Rockford Systems LLC, Contrinex AG, Orbital Systems Pvt. Ltd., IDEM Safety Switches Ltd., Pinnacle Systems Inc.
Market Drivers:
Increasing mortality rates due to occupational hazards in developing countries will boost the demand for safety light curtain devices. The mortality rate is the number of deaths (generally speaking, or those brought on by a specific cause) in a specific population scaled to that population's size per unit of time. Safety light curtains create a detecting screen that guards machine access points and perimeters, preventing both human injury and machine damage. The demand for safety light curtains is increasing due to a rising need for safety measures to decrease the mortality rate. For instance, in December 2022, according to Bureau of Labor Statistics, a US-based government agency, in 2021, there was a 5.6 percent increase in work-related fatalities due to falls, slips, and trips, rising from 805 fatalities in 2020 to 850. Within construction and extraction occupations, the number of fatalities in 2021 reached 370, indicating a 7.2 percent increase compared to the 345 fatalities reported in 2020. Therefore, an increased mortality rate is anticipated to fuel the growth of the safety light curtain market in the upcoming years.
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https://www.thebusinessresearchcompany.com/report/safety-light-curtain-global-market-report
The safety light curtain market covered in this report is segmented -
1) By Safety Level: Type 2, Type 4
2) By Component: Photoelectric Cells, Light Emitted Diodes (LEDs), Control Units, Other Components
3) By Application: Packaging, Material Handling, Robotics, Other Applications
4) By End-Use Industry: Manufacturing, Food And Beverages, Healthcare, Packaging, Other End Users Industries
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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