Machine Safety Market
Market Insights on Machine Safety covering sales outlook, demand forecast & up-to-date key trends
Machine Safety Market By Component (Presence Sensing Safety Sensors, Safety Interlock Switches, Programmable Safety Systems, Emergency Stop Controls Safety Modules), Industry (Automotive, Food & Beverages, Packaging, Pharmaceuticals, Electronics & Semiconductors) & Region - Forecast to 2021 - 2031
Machine Safety Market Snapshot
[350 Pages Report] The global machine safety market revenue totaled ~US$ 4.8 Bn in 2020, according to Future Market Insights (FMI). The overall machine safety market is expected to reach ~US$ 9.4 Bn by 2031, growing at 6.4% CAGR.
Factors such as the developments in industry 4.0 and rising incidents of accidents in industries are responsible for driving the machine safety market growth. Industrial safety and functional workplace safety have become a major concerns across process industries.
Owing to this, there has been a rapid rise in demand for safety sensors, emergency stop controls, and safety interlock switches, for safeguarding the workers, industrial control systems and assets.
Machine safety accounts for nearly 60% of the overall industrial safety market. Furthermore, increasing penetration of industrial IoT products will result in higher uptake of machine safety systems in the coming years.
|
Machine Safety Market Base Year (2020) Value |
US$ 4.8 Bn |
|
Machine Safety Market Projected Year (2031) Value |
US$ 9.4 Bn |
|
CAGR% (2021-2031) |
6.4% |
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Machine Safety Market Outlook 2021-2031 Compared to 2016-2020
The global machine safety market is estimated to be valued at around US$ 5.1 Bn in 2021. The demand in the market is expected to rise at a CAGR of nearly 6.4% during the forecast period 2021-2031.
As per FMI, the industrial safety market will grow exponentially in the coming years. Integration of industrial internet of things and greater exposure to cloud, will result in higher demand for advanced industrial safety solutions. Growing demand safer industrial equipment will make machine safety highly sought-after.
Consequently, the high demand for asset protection and safety of workers is expected to drive higher sales of machine safety components. As per Future Market Insights (FMI), the global machine safety market size will grow from US$ 5.1 Bn in 2021 to over US$ 9.4 Bn by 2031.
Which are Popular Growth Strategies among Machine Safety Market Players?
Some of the leading machine safety market players are focusing on providing cost effective and flexible solutions for safety of workers and assets. Manufacturers are acknowledging the importance that safety plays in offering them a competitive advantage while building a good public image.
Machine safety systems help in reducing the probability of work-related injuries, thereby augmenting the efficiency of the machine operators. The economic slump has laid an obligation on manufacturers to reduce maintenance and operational costs. Owing to this, there has been immense rise in the demand for advanced machine safety solutions, thereby driving the market growth.
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Talk to AnalystWhat Is the Impact of COVID-19 Crisis on Machine Safety Market Growth?
COVID-19 pandemic has impacted every sector. Due to social distancing norms implemented to contain the spread of the virus, organizations moved to digitalization to ensure overall safety employees and staffs.
The COVID-19 outbreak has disrupted many industries, including the machine safety market. Different end-use verticals have suffered heavily as a result of mobility and travel restrictions implemented to protect public health against the infection.
The pandemic has compelled companies to rethink how and where the employees work as well as how to monitor them. This has resulted in increasing reliance on digital services.
Owing to this, there has been rise in demand for solutions in the industrial IoT market, thereby driving the demand for machine safety solutions. Despite lockdown induced slowdown registered in affected countries, the machine safety market witnessed a noteworthy growth from around 4.9% to 5.3% Y-o-Y from 2019 to 2021
Machine Safety Market - Country-wise Insights
Why is the Demand Rising in the U.S. Machine Safety Market?
According to Future Market Insights analysis, the overall machine safety spending in the U.S. alone is likely to increase at a rate of around 7.8% between 2021 and 2031. Rise in demand for safety sensors reported in the industrial safety market will eventually drive the sales in the country.
The growth in the region is primarily being driven by the rising implementation of safety rules and regulations. Worker safety regulations in the U.S. are enforced through the Occupational Safety and Health Administration (OSHA).
OSHA enforces OSHA standards as needed. Below mentioned are a few of the safety standards typically applied to fix industrial machines installed in the U.S.
- ANSI B11.0 – Safety of Machinery
- ANSI B11.19 – Performance Criteria for Safeguarding
- ANSI Z244.1 – Control of Hazardous Energy: Lockout/Tagout & Alternative Methods
- ANSI / RIA R15.06 – Safety Requirements for Industrial Robots and Robot Systems
- NFPA 79 – Electrical Standard for Industrial Machines
On the other hand, The Canada Labor Code (CLC) governs occupational safety and health in federal works, undertakings and businesses including employment on ships, trains and aircraft while in operation, and employment in the oil and gas industry in Canada Lands.
Implementation of stringent guidelines ascertaining a safe environment across industries will continue driving sales of machine safety components in the U.S. and Canada.
Why is the U.K. Machine Safety Market Considered Lucrative?
The machine safety market in the UK is anticipated to grow at a CAGR of around 7.2% over the forecast period. In recent years, there has been a growing emphasis on personnel and asset protection in European countries including the U.K., France, and Germany. Stringent machinery and equipment safety regulations is another major factor driving the market growth in the region.
European directives are precisely clear and the fundamental principal of the European community is the protection of the health of its citizens, both in the private and in the professional scope.
The European Commission and the Council of the European Union have passed various directives, in accordance with the treaty on the functioning of the European Union, with the aim of achieving free movement of goods and protecting its citizens.
Machinery safety in the UK is primarily driven by two sets of regulations, firstly, Supply of Machinery (Safety) Regulations 2008, as amended by the Supply of Machinery (Safety) (Amendment) Regulations 2011.
These regulations require all machines placed on the market in the Europe to carry a CE mark as described by the European Machinery Directive 2006/42/EC. As per the government of UK, these regulations apply to machinery, interchangeable equipment, safety components, lifting accessories, chains, ropes and webbing, removable mechanical transmission devices, and partly completed machinery.
Secondly, Provision and Use of Work Equipment Regulations 1998. These regulations place duties on people and companies who operate, own, or have control over the work equipment. They also position the U.K. as a key market within Europe.
What is Driving Demand in China Machine Safety Market?
According to the Future Market Insights analysis, the machine safety market in China is likely to grow at a CAGR of nearly 8.9% from 2021 and 2031. It is expected to remain the fastest growing market in East Asia. As per FMI, China recorded around 40% of total sales in the region in 2020.
Ongoing improvements in technical safety standards, coupled with strengthening personal safety awareness, are accelerating the market growth in the country. Furthermore, with increasing interactions between machines and humans, safety is considered to be an essential factor. Demand for intelligent safety solutions has been on the rise. Increasing number of consumers are demanding real-time monitoring on machines as they are looking for new ways to improve safety of industrial equipment.
For on-site workers in China, safety services are increasingly demanded by large manufacturers. The “Made in China 2025” policy of Chinese government is focused on advanced manufacturing, thereby driving the need for advanced machine safety solutions in the region.
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Machine Safety Market - Category-wise Insights
Which is the Top-selling Machine Safety Component?
On the basis of component, the market is segmented into presence sensing safety sensors; safety interlock switches (electromechanical, hinged pin, limit, non-contact, tongue, and, trapped key), programmable safety systems, safety modules, emergency stop controls, and others. Of these, the presence sensing safety sensors segment is anticipated to hold the largest share in the market. The growth of the segment can be attributed to the growing security requirements for protecting production units and workers from any accidents.
Factors such as the industrial revolution 4.0, rising incidents of accidents in industries, and growing need for safety light curtains in the packaging industry powered by robotics, are the also responsible for driving the demand for presence sensing safety sensors market.
Who is the Leading End User in Machine Safety Market?
In terms of Industry, the market is segmented as automotive, food & beverages, packaging, material processing, pharmaceuticals, electronics & semiconductors, and others. As per FMI, the automotive segment is anticipated to hold the largest market share.
The automotive segment is estimated to account for more than 22% of the total value share by the end of 2021. With the increasing improvement in safety devices such as safety curtains and digital indicators, demand is expected to grow in the automotive sector. However, the food & beverages segment is anticipated to grow at the highest CAGR over the forecast period.
Machine Safety Market - Competitive Landscape
Companies operating in the market are aiming at innovation and strategic partnerships with other vendors in order to expand their portfolio of services while addressing the demand from an expanding customer pool. For instance:
- In October 2021, OMRON Corporation announced the launch of its new inspection system, the VT-S10 Series. The new inspection system makes use of artificial intelligence and imaging technology in order to automate high-precision processes for PCB sub-assemblies, thereby eliminating the need for specialist operator skills. The newly launched system shall help in ensuring the security and safety of the production.
- In June 2019, Schneider Electric, announced the launch of Smart Factory in the US, in order to exhibit how its EcoStruxure architecture and related suite of offerings can reduce costs for its customers and support increasing operational efficiency.
Market players are also focusing on entering into partnerships with other solution providers to target new innovations within the market. The strategy helps companies to broaden their geographic reach with additional service portfolios.
Machine Safety Market - Scope of Report
|
Attribute |
Details |
|
Market value in 2021 |
US$ 5.1 Bn |
|
Market CAGR 2021 to 2031 |
6.4% |
|
Share of top 5 players |
Around 40% |
|
Forecast Period |
2021-2031 |
|
Historical Data Available for |
2016-2020 |
|
Market Analysis |
USD Million for Value |
|
Key Regions Covered |
North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa |
|
Key Countries Covered |
US, Canada, Brazil, Mexico, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, North Africa and South Africa |
|
Key Segments Covered |
Component, Industry, and Region |
|
Key Companies Profiled |
|
|
Report Coverage |
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
|
Customization & Pricing |
Available upon Request |
Key Points Covered in Machine Safety Industry Survey
-
Which region is expected to showcase high demand for machine safety?
South Asia & Pacific is projected to register strong growth in the market, exhibiting a CAGR of nearly 7.5% during the forecast period.
-
Who are some of the leading companies offering machine safety?
ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Schneider Electric SE, and Siemens AG, among others, are the top machine safety solution and service providers. They are likely to account for over 40% of the global market.
-
Who is the leading end user in the machine safety market?
Automotive segment is expected to dominate the market over the forecast period, generating a maximum revenue among all by the end of 2021.
-
How much is the global machine safety market worth?
The market for machine safety was valued at ~US$ 4.8 Bn in 2020, and is estimated to grow at an exceptional pace at a CAGR of around 6.4% to reach ~US$ 9.4 Bn in 2031.
-
What is machine safety market demand outlook?
The sales of machine safety are expected to total ~US$ 5.1 Bn by the end of 2021.
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At what rate did the machine safety market grow in the last five years?
The market in last 5 years (2016 – 2020) grew by a CAGR of around 4.8%.
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What are the key trends in the machine safety market?
Growing demand for advanced machine safety solutions and services happens to be one of the key trends driving the market growth.
-
What is driving demand in the machine safety market?
Increasing demand for worker safety and asset protection solutions will remain the key factors driving the market.
-
Which countries are key providers of machine safety?
Some of the leading countries involved in providing machine safety include the U.S., China, Germany, U.K., and India
-
What was the global machine safety market growth between 2020 and 2021?
The global market growth between 2020 and 2021 was recorded at nearly 5.2%.
-
Which are the top 5 countries driving machine safety demand?
Leading countries driving demand for the machine safety are U.S., UK, China, Japan, and Germany.
-
What is Europe machine safety market outlook?
The Europe market is expected to rise at a CAGR of around 6.2% between 2021 and 2031.
-
What is the machine safety market statistics in South Korea and Japan?
The demand in Japan and South Korea is expected to rise at around 7.5% CAGR and 6.2% CAGR, respectively through 2031.
Machine Safety Outlook by Category
By Component:
- Presence Sensing Safety Sensors
- Safety Interlock Switches
- Electromechanical
- Hinged Pin
- Limit
- Non-Contact
- Tongue
- Trapped Key
- Programmable Safety Systems
- Safety Modules
- Emergency Stop Controls
- Others
By Industry:
- Automotive
- Food & Beverages
- Packaging
- Material Processing
- Pharmaceuticals
- Electronics & Semiconductors
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
Frequently Asked Questions
Demand for machine safety is likely to grow at a CAGR of 6.2% through 2032.
The machine safety market size is expected to be US$ 10 Bn by 2032.
The machine safety market share is likely to grow by over US$ 5.5 Bn in 2022.
South Asia & Pacific is the key machine safety market contributor.
Table of Content
1. Executive Summary
1.1. Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Trends Impacting the Market
3.1. Key Trends Impacting the Market
3.2. Machine Safety Rules and Regulations
4. Machine Safety - Pricing Analysis
4.1. Pricing Analysis, By Solution
4.2. Average Pricing Analysis Benchmark
5. COVID-19 Pandemic Crisis Impact Analysis
5.1. Impact of COVID-19 Pandemic Crisis on Machine Safety Market
5.1.1. Pre-COVID-19 Market Growth Analysis
5.1.2. Post-COVID-19 Market Growth Analysis
5.2. Expected Recovery Scenario (Short Term/Mid Term/Long Term)
5.3. Key Action Points for Machine Safety Solution Providers
6. Market Structure Analysis
6.1. Market Analysis by Tier of Companies
6.2. Market Share Analysis of Top Players
6.3. Market Presence Analysis, By Regional Footprint by Vendors
7. Global Machine Safety Market Demand (in Value or Size in US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031
7.1. Historical Market Value (US$ Mn) Analysis, 2016-2020
7.2. Current and Future Market Value (US$ Mn) Projections, 2021-2031
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.3. Market Dynamics
8.3.1. Drivers
8.3.2. Restraints
8.3.3. Opportunity Analysis
9. Global Machine Safety Market Analysis 2016-2020 and Forecast 2021-2031, By Component
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Component, 2016 - 2020
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Component, 2021 - 2031
9.3.1. Presence Sensing Safety Sensors
9.3.2. Safety Interlock Switches
9.3.2.1. Electromechanical
9.3.2.2. Hinged Pin
9.3.2.3. Limit
9.3.2.4. Non-Contact
9.3.2.5. Tongue
9.3.2.6. Trapped Key
9.3.3. Programmable Safety System
9.3.4. Safety Modules
9.3.5. Emergency stop controls
9.3.6. Others
9.4. Market Attractiveness Analysis By Component
10. Global Machine Safety Market Analysis 2016-2020 and Forecast 2021-2031, By Industry
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) Analysis By Industry, 2016 - 2020
10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Industry, 2021 - 2031
10.3.1. Automotive
10.3.2. Food & Beverages
10.3.3. Packaging
10.3.4. Material Processing
10.3.5. Pharmaceuticals
10.3.6. Electronics & Semiconductors
10.3.7. Others
10.4. Market Attractiveness Analysis By Industry
11. Global Machine Safety Market Analysis 2016-2020 and Forecast 2021-2031, by Region
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) Analysis By Region, 2016 - 2020
11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Region, 2021 - 2031
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. East Asia
11.3.5. South Asia and Pacific
11.3.6. Middle East and Africa (MEA)
11.4. Market Attractiveness Analysis By Region
12. North America Machine Safety Market Analysis 2016-2020 and Forecast 2021-2031
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2016 - 2020
12.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2021 - 2031
12.3.1. By Country
12.3.1.1. U.S.
12.3.1.2. Canada
12.3.2. By Component
12.3.3. By Industry
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Component
12.4.3. By Industry
12.5. Key Market Trends
13. Latin America Machine Safety Market Analysis 2016-2020 and Forecast 2021-2031
13.1. Introduction / Key Findings
13.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2016 - 2020
13.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2021 - 2031
13.3.1. By Country
13.3.1.1. Brazil
13.3.1.2. Mexico
13.3.1.3. Rest of Latin America
13.3.2. By Component
13.3.3. By Industry
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Component
13.4.3. By Industry
13.5. Key Market Trends
14. Europe Machine Safety Market Analysis 2016-2020 and Forecast 2021-2031
14.1. Introduction / Key Findings
14.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2016 - 2020
14.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2021 - 2031
14.3.1. By Country
14.3.1.1. UK
14.3.1.2. France
14.3.1.3. Germany
14.3.1.4. Italy
14.3.1.5. Spain
14.3.1.6. BENELUX
14.3.1.7. Russia
14.3.1.8. Rest of Europe
14.3.2. By Component
14.3.3. By Industry
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Component
14.4.3. By Industry
14.5. Key Market Trends
15. East Asia Machine Safety Market Analysis 2016-2020 and Forecast 2021-2031
15.1. Introduction / Key Findings
15.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2016 - 2020
15.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2021 - 2031
15.3.1. By Country
15.3.1.1. China
15.3.1.2. Japan
15.3.1.3. South Korea
15.3.2. By Component
15.3.3. By Industry
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Component
15.4.3. By Industry
15.5. Key Market Trends
16. South Asia and Pacific Machine Safety Market Analysis 2016-2020 and Forecast 2021-2031
16.1. Introduction / Key Findings
16.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2016 - 2020
16.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2021 - 2031
16.3.1. By Country
16.3.1.1. India
16.3.1.2. Thailand
16.3.1.3. Indonesia
16.3.1.4. Malaysia
16.3.1.5. Australia & New Zealand
16.3.1.6. Rest of South Asia
16.3.2. By Component
16.3.3. By Industry
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Component
16.4.3. By Industry
16.5. Key Market Trends
17. Middle East and Africa Machine Safety Market Analysis 2016-2020 and Forecast 2021-2031
17.1. Introduction / Key Findings
17.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2016 - 2020
17.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2021 - 2031
17.3.1. By Country
17.3.1.1. GCC Countries
17.3.1.2. Turkey
17.3.1.3. South Africa
17.3.1.4. Northern Africa
17.3.1.5. Rest of Middle East and Africa
17.3.2. By Component
17.3.3. By Industry
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Component
17.4.3. By Industry
17.5. Key Market Trends
18. Key Country Opportunity Analysis- Machine Safety Market
18.1. U.S. Machine Safety Market Opportunity Analysis
18.1.1. By Component
18.1.2. By Industry
18.2. Canada Machine Safety Market Opportunity Analysis
18.2.1. By Component
18.2.2. By Industry
18.3. Brazil Machine Safety Market Opportunity Analysis
18.3.1. By Component
18.3.2. By Industry
18.4. Mexico Machine Safety Market Opportunity Analysis
18.4.1. By Component
18.4.2. By Industry
18.5. UK Machine Safety Market Opportunity Analysis
18.5.1. By Component
18.5.2. By Industry
18.6. Germany Machine Safety Market Opportunity Analysis
18.6.1. By Component
18.6.2. By Industry
18.7. France Machine Safety Market Opportunity Analysis
18.7.1. By Component
18.7.2. By Industry
18.8. Spain Machine Safety Market Opportunity Analysis
18.8.1. By Component
18.8.2. By Industry
18.9. Italy Machine Safety Market Opportunity Analysis
18.9.1. By Component
18.9.2. By Industry
18.10. BENELUX Machine Safety Market Opportunity Analysis
18.10.1. By Component
18.10.2. By Industry
18.11. Russia Machine Safety Market Opportunity Analysis
18.11.1. By Component
18.11.2. By Industry
18.12. China Machine Safety Market Opportunity Analysis
18.12.1. By Component
18.12.2. By Industry
18.13. Japan Machine Safety Market Opportunity Analysis
18.13.1. By Component
18.13.2. By Industry
18.14. South Korea Machine Safety Market Opportunity Analysis
18.14.1. By Component
18.14.2. By Industry
18.15. India Machine Safety Market Opportunity Analysis
18.15.1. By Component
18.15.2. By Industry
18.16. Singapore Machine Safety Market Opportunity Analysis
18.16.1. By Component
18.16.2. By Industry
18.17. Indonesia Machine Safety Market Opportunity Analysis
18.17.1. By Component
18.17.2. By Industry
18.18. Thailand Machine Safety Market Opportunity Analysis
18.18.1. By Component
18.18.2. By Industry
18.19. Australia & New Zealand Machine Safety Market Opportunity Analysis
18.19.1. By Component
18.19.2. By Industry
18.20. GCC Countries Machine Safety Market Opportunity Analysis
18.20.1. By Component
18.20.2. By Industry
18.21. Turkey Machine Safety Market Opportunity Analysis
18.21.1. By Component
18.21.2. By Industry
18.22. South Africa Machine Safety Market Opportunity Analysis
18.22.1. By Component
18.22.2. By Industry
18.23. Northern Africa Machine Safety Market Opportunity Analysis
18.23.1. By Component
18.23.2. By Industry
19. Competition Analysis
19.1. Competition Dashboard for Key Machine Safety Vendors
19.2. Competition Deep Dive
19.2.1. ABB Ltd.
19.2.1.1. Business Overview
19.2.1.2. Component/Service Portfolio
19.2.1.3. Profitability by Market Segments (Business Segment/Region)
19.2.1.4. Market Developments
19.2.1.5. Strategy Overview
19.2.2. Emerson Electric Co.
19.2.2.1. Business Overview
19.2.2.2. Component/Service Portfolio
19.2.2.3. Profitability by Market Segments (Business Segment/Region)
19.2.2.4. Market Developments
19.2.2.5. Strategy Overview
19.2.3. General Electric Co.
19.2.3.1. Business Overview
19.2.3.2. Component/Service Portfolio
19.2.3.3. Profitability by Market Segments (Business Segment/Region)
19.2.3.4. Market Developments
19.2.3.5. Strategy Overview
19.2.4. Honeywell International Inc.
19.2.4.1. Business Overview
19.2.4.2. Component/Service Portfolio
19.2.4.3. Profitability by Market Segments (Business Segment/Region)
19.2.4.4. Market Developments
19.2.4.5. Strategy Overview
19.2.5. Schneider Electric SE
19.2.5.1. Business Overview
19.2.5.2. Component/Service Portfolio
19.2.5.3. Profitability by Market Segments (Business Segment/Region)
19.2.5.4. Market Developments
19.2.5.5. Strategy Overview
19.2.6. Rockwell Automation, Inc.
19.2.6.1. Business Overview
19.2.6.2. Component/Service Portfolio
19.2.6.3. Profitability by Market Segments (Business Segment/Region)
19.2.6.4. Market Developments
19.2.6.5. Strategy Overview
19.2.7. Siemens AG
19.2.7.1. Business Overview
19.2.7.2. Component/Service Portfolio
19.2.7.3. Profitability by Market Segments (Business Segment/Region)
19.2.7.4. Market Developments
19.2.7.5. Strategy Overview
19.2.8. Yokogawa Electric Corp.
19.2.8.1. Business Overview
19.2.8.2. Component/Service Portfolio
19.2.8.3. Profitability by Market Segments (Business Segment/Region)
19.2.8.4. Market Developments
19.2.8.5. Strategy Overview
19.2.9. Omron Corporation
19.2.9.1. Business Overview
19.2.9.2. Component/Service Portfolio
19.2.9.3. Profitability by Market Segments (Business Segment/Region)
19.2.9.4. Market Developments
19.2.9.5. Strategy Overview
19.2.10. Keyence Corporation
19.2.10.1. Business Overview
19.2.10.2. Component/Service Portfolio
19.2.10.3. Profitability by Market Segments (Business Segment/Region)
19.2.10.4. Market Developments
19.2.10.5. Strategy Overview
19.2.11. Mitsubishi Electric Corporation
19.2.11.1. Business Overview
19.2.11.2. Component/Service Portfolio
19.2.11.3. Profitability by Market Segments (Business Segment/Region)
19.2.11.4. Market Developments
19.2.11.5. Strategy Overview
19.2.12. Pilz GmbH & Co. KG
19.2.12.1. Business Overview
19.2.12.2. Component/Service Portfolio
19.2.12.3. Profitability by Market Segments (Business Segment/Region)
19.2.12.4. Market Developments
19.2.12.5. Strategy Overview
19.2.13. Sick AG
19.2.13.1. Business Overview
19.2.13.2. Component/Service Portfolio
19.2.13.3. Profitability by Market Segments (Business Segment/Region)
19.2.13.4. Market Developments
19.2.13.5. Strategy Overview
19.2.14. Balluff GmbH
19.2.14.1. Business Overview
19.2.14.2. Component/Service Portfolio
19.2.14.3. Profitability by Market Segments (Business Segment/Region)
19.2.14.4. Market Developments
19.2.14.5. Strategy Overview
19.2.15. Banner Engineering Corp.
19.2.15.1. Business Overview
19.2.15.2. Component/Service Portfolio
19.2.15.3. Profitability by Market Segments (Business Segment/Region)
19.2.15.4. Market Developments
19.2.15.5. Strategy Overview
20. Assumptions and Acronyms Used
21. Research Methodology
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List of Tables
Table 01: Global Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Component
Table 02: Global Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Industry
Table 03: Global Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Region
Table 04: North America Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Component
Table 05: North America Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Industry
Table 06: North America Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Country
Table 07: Global Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Component
Table 08: Latin America Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Industry
Table 09: Latin America Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Country
Table 10: Europe Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Component
Table 11: Europe Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Industry
Table 12: Europe Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Country
Table 13: South Asia & Pacific Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Component
Table 14: South Asia & Pacific Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Industry
Table 15: South Asia & Pacific Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Country
Table 16: East Asia Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Component
Table 17: East Asia Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Industry
Table 18: East Asia Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Country
Table 19: Middle East and Africa Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Component
Table 20: Middle East and Africa Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Industry
Table 21: Middle East and Africa Machine Safety Market Value (in US$ Mn) Analysis and Forecast (2021 – 2031) by Country
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Figure 01: Global Machine Safety Market Size (US$ Mn) and Y-o-Y Growth Rate from 2021-2031
Figure 02: Global Machine Safety Market Size and Y-o-Y Growth Rate from 2021-2031
Figure 03: Global Machine Safety Market Value (US$ Mn), 2016-2020
Figure 04: Global Machine Safety Market Value (US$ Mn), 2021-2031
Figure 05: Global Machine Safety Market Value Share (2021 – 2031) by Component
Figure 06: Global Machine Safety Market Y-o-Y Growth Trend Analysis (2021 – 2031) by Component
Figure 07: Global Machine Safety Market Attractiveness by Component
Figure 08: Global Machine Safety Market Value Share and BPS Analysis (2021 – 2031) by Industry
Figure 09: Global Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Industry
Figure 10: Global Machine Safety Market Attractiveness by Industry
Figure 11: Global Machine Safety Market Value Share (2021 – 2031) by Region
Figure 12: Global Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Region
Figure 13: Global Machine Safety Market Attractiveness by Region
Figure 14: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in North America
Figure 15: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Latin America
Figure 16: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Europe
Figure 17: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in South Asia & Pacific
Figure 18: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in East Asia
Figure 19: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Middle East and Africa
Figure 20: North America Machine Safety Market Value (US$ Mn), 2016-2020
Figure 21: North America Machine Safety Market Value (US$ Mn), 2021-2031
Figure 22: North America Machine Safety Market Value Share (2021 – 2031) by Component
Figure 23: North America Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Component
Figure 24: North America Machine Safety Market Attractiveness by Component
Figure 25: North America Machine Safety Market Value Share (2021 – 2031) by Industry
Figure 26: North America Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Industry
Figure 27: North America Machine Safety Market Attractiveness by Industry
Figure 28: North America Machine Safety Market Value Share (2021 – 2031) by Country
Figure 29: North America Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Country
Figure 30: North America Machine Safety Market Attractiveness by Country
Figure 31: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in U.S.
Figure 32: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Canada
Figure 33: Latin America Machine Safety Market Value (US$ Mn), 2016-2020
Figure 34: Latin America Machine Safety Market Value (US$ Mn), 2021-2031
Figure 35: Latin America Machine Safety Market Value Share (2021 – 2031) by Component
Figure 36: Latin America Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Component
Figure 37: Latin America Machine Safety Market Attractiveness by Component
Figure 38: Latin America Machine Safety Market Value Share (2021 – 2031) by Industry
Figure 39: Latin America Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Industry
Figure 40: Latin America Machine Safety Market Attractiveness by Industry
Figure 41: Latin America Machine Safety Market Value Share (2021 – 2031) by Country
Figure 42: Latin America Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Country
Figure 43: Latin America Machine Safety Market Attractiveness by Country
Figure 44: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Brazil
Figure 45: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Mexico
Figure 46: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Rest of Latin America
Figure 47: Europe Machine Safety Market Value (US$ Mn), 2016-2020
Figure 48: Europe Machine Safety Market Value (US$ Mn), 2021-2031
Figure 49: Europe Machine Safety Market Value Share (2021 – 2031) by Component
Figure 50: Europe Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Component
Figure 51: Europe Machine Safety Market Attractiveness by Component
Figure 52: Europe Machine Safety Market Value Share (2021 – 2031) by Industry
Figure 53: Europe Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Industry
Figure 54: Europe Machine Safety Market Attractiveness by Industry
Figure 55: Europe Machine Safety Market Value Share (2021 – 2031) by Country
Figure 56: Europe Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Country
Figure 57: Europe Machine Safety Market Attractiveness by Country
Figure 58: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Germany
Figure 59: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Italy
Figure 60: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in France
Figure 61: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in U.K.
Figure 62: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Spain
Figure 63: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in BENELUX
Figure 64: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Russia
Figure 65: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Rest of Europe
Figure 66: South Asia & Pacific Machine Safety Market Value (US$ Mn), 2016-2020
Figure 67: South Asia & Pacific Machine Safety Market Value (US$ Mn), 2021-2031
Figure 68: South Asia & Pacific Machine Safety Market Value Share (2021 – 2031) by Component
Figure 69: South Asia & Pacific Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Component
Figure 70: South Asia & Pacific Machine Safety Market Attractiveness by Component
Figure 71: South Asia & Pacific Machine Safety Market Value Share (2021 – 2031) by Industry
Figure 72: South Asia & Pacific Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Industry
Figure 73: South Asia & Pacific Machine Safety Market Attractiveness by Industry
Figure 74: South Asia & Pacific Machine Safety Market Value Share (2021 – 2031) by Country
Figure 75: South Asia & Pacific Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Country
Figure 76: South Asia & Pacific Machine Safety Market Attractiveness by Country
Figure 77: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in India
Figure 78: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Singapore
Figure 79: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Indonesia
Figure 80: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Singapore
Figure 81: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Australia & New Zealand
Figure 82: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Rest of South Asia & Pacific
Figure 83: East Asia Machine Safety Market Value (US$ Mn), 2016-2020
Figure 84: East Asia Machine Safety Market Value (US$ Mn), 2021-2031
Figure 85: East Asia Machine Safety Market Value Share (2021 – 2031) by Component
Figure 86: East Asia Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Component
Figure 87: East Asia Machine Safety Market Attractiveness by Component
Figure 88: East Asia Machine Safety Market Value Share (2021 – 2031) by Industry
Figure 89: East Asia Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Industry
Figure 90: East Asia Machine Safety Market Attractiveness by Industry
Figure 91: East Asia Machine Safety Market Value Share (2021 – 2031) by Country
Figure 92: East Asia Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Country
Figure 93: East Asia Machine Safety Market Attractiveness by Country
Figure 94: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in China
Figure 95: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Japan
Figure 96: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in South Korea
Figure 97: Middle East and Africa Machine Safety Market Value (US$ Mn), 2016-2020
Figure 98: Middle East and Africa Machine Safety Market Value (US$ Mn), 2021-2031
Figure 99: Middle East and Africa Machine Safety Market Value Share (2021 – 2031) by Component
Figure 100: Middle East and Africa Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Component
Figure 101: Middle East and Africa Machine Safety Market Attractiveness by Component
Figure 102: Middle East and Africa Machine Safety Market Value Share (2021 – 2031) by Industry
Figure 103: Middle East and Africa Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Industry
Figure 104: Middle East and Africa Machine Safety Market Attractiveness by Industry
Figure 105: Middle East and Africa Machine Safety Market Value Share (2021 – 2031) by Country
Figure 106: Middle East and Africa Machine Safety Market Value Y-o-Y Growth Trend Analysis (2021 – 2031) by Country
Figure 107: Middle East and Africa Machine Safety Market Attractiveness by Country
Figure 108: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in GCC Countries
Figure 109: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Turkey
Figure 110: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in South Africa
Figure 111: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Northern Africa
Figure 112: Machine Safety Market – Incremental Opportunity Analysis and Forecast (US$ Mn) in Rest of Middle East and Africa
Figure 113: U.S. Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 114: Canada Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 115: Brazil Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 116: Mexico Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 117: Germany Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 118: Italy Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 119: France Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 120: UK Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 121: Spain Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 122: Benelux Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 123: Russia Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 124: China Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 125: Japan Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 126: South Korea Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 127: India Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 128: Singapore Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 129: Indonesia Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 130: Malaysia Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 131: Australia and New Zealand Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 132: GCC Countries Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 133: Turkey Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 134: South Africa Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
Figure 135: Northern Africa Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031
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