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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.

Machine Safety Market Download Report Brochure

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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What 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.

  • 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%.

  • 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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List of Charts

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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