Machine Safety Market by Product Type, Distribution Channel, End User 2023-2028

Author: Elena Anderson

Marketing Manager

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Global Machine Safety Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Machine Safety Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 202 3-2028

," the global machine safety market size reached US$ 5.2 Billion in 2022.

Machine safety refers to a system specially designed to perform control functions and maintain the safety of the machinery and individuals exposed to its installation, adjustment, operation, and maintenance. It helps increase efficiency, machine guarding, and reduce waste and costly mistakes.

Some of the most commonly used safety devices include safety sensors, emergency stop devices, protective clothing, safety curtain lights, presence sensor devices and safety controllers, relays and modules.

In recent years, machine safety has gained traction on account of its extensive employment in various industry verticals, such as automotive, food and beverage (F&B), manufacturing, healthcare, semiconductor, electronics, oil and gas, and power generation.

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Global Machine Safety Market Trends:

One of the primary factors driving the market is the rising focus on industrial safety and proactive safety measures. Other than this, the increasing number of accidents in the workplace is positively influencing the market growth. Besides this, extensive investments in developing existing machinery to improve production capacity and the augmenting demand for industrial automation products are constantly accelerating the adoption of machine safety. Furthermore, key players are focusing on introducing innovative product variants to enhance machine safety, reliability, and efficiency.

Moreover, governments of numerous nations and international organizations, such as the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), are introducing safety measures for machinery. Other major growth-inducing factors include the introduction of Industry 4.0, rising awareness about occupational safety among workers, rapid industrialization, extensive adoption of IoT solutions, and extensive research and development (R&D) activities.

Looking forward, IMARC Group expects the market value to reach US$ 7.5 Billion by 2028, expanding at a CAGR of 6.2% during the forecast period (2023-2028).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/machine-safety-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Implementation:

• Individual Components

• Embedded Components

Breakup by Component:

• Presence Sensing Safety Sensors

• Emergency Stop Devices

• Safety Interlock Switches

• Safety Controller/Modules/Relays

• Others

Breakup by End Use Industry:

• Automotive

• Electronics and Semiconductors

• Food and Beverages

• Healthcare and Pharmaceuticals

• Metals and Mining

• Oil and Gas

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

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Competitive Landscape with Key Players:

• ABB Ltd

• Banner Engineering Corp

• Emerson Electric Co

• Honeywell International Inc

• IDEC Corporation

• Keyence Corporation

• Mitsubishi Electric Corporation

• OMRON Corporation

• Pilz GmbH & Co. KG

• Rockwell Automation Inc

• Schneider Electric SE

• Sick AG

• Siemens AG

1. How has the global machine safety market performed so far and how will it perform in the coming years?

2. What has been the impact of COVID-19 on the global machine safety market?

3. What are the key regional markets?

4. What is the breakup of the market based on the implementation?

5. What is the breakup of the market based on the component?

6. What is the breakup of the market based on the end use industry?

7. What are the various stages in the value chain of the industry?

8. What are the key driving factors and challenges in the industry?

9. What is the structure of the global machine safety market and who are the key players?

10. What is the degree of competition in the industry?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/machine-safety-market/toc

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