Machine
Safety
Market
Analysis,
Market
Size,
Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020
The machine safety market is expected to witness considerable growth due to increased importance on laborers’ safety arising out of machine mishaps in the industrial sector. Favorable government regulations pertaining to safety standards to be followed in industries are expected to drive market growth. Contemporary programmable safety PLCs have taken over from traditional mechanical interlock switches owing to reduction in average price of basic circuits and chips which has significantly reduced the price of the former. MNCs expanding their operations globally ensure the installation of safety systems in the setup of various assemblies and machines in order to comply with safety norms corresponding to their headquarters.