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Machine Safety Market
“The global machine safety industry is expected to witness a considerable growth, owing to increase in adoption of smart technologies, especially in emerging economies such as Asia-Pacific and LAMEA, owing to huge demand for autonomous technologies in these regions.”
Divyanshi Tewari Lead Analyst, Semiconductor and Electronics
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Machine Safety Market
According to a recent report published by Allied Market Research, titled, “Machine Safety Market by Component, Implementation, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global machine safety industry size was valued at $4.83 billion in 2020, and is projected to reach $8.63 billion by 2030, registering a CAGR of 6.1% from 2021 to 2030. Safety Interlock Switches accounted more market share in 2020 and is expected to maintain this trend during the forecast period. The machine safety market holds a substantial scope for growth on a global scale. Its contribution to the market is anticipated to increase significantly during the forecast period. Recent discoveries and innovations have created vast opportunities for numerous players to step in the machine safety market.
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Machine Safety Market The key factor that drives the growth of the machine safety market share include rise in demand for presencesensing safety devices, increase in use of IoT, and surge in emphasis on industrial safety and proactive safety measures. The key factors that hamper the growth of this market are lack of awareness about the importance of machine safety. The opportunity lies in the technological advancement in development of machine safety devices. The machine safety market holds a substantial scope for growth on a global scale. Its contribution to the market is anticipated to increase significantly during the forecast period. Recent discoveries and innovations have created vast opportunities for numerous players to step in the machine safety market.
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Machine Safety Market
Key Findings Of The Study • • • •
The oil & gas sector is projected to be the major end user during the forecast period. North America and Asia-Pacific dominated the machine safety market analysis in 2020. Asia-Pacific is anticipated to witness highest growth rate during the forecast period. U.S. was the major shareholder in 2020 in the North America machine security market.
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Machine Safety Market Major Companies: • • • • • • • • • •
Fujitsu Semiconductor Limited Global Foundries Global Wafers micron Semiconductor Manufacturing International Corporation (SMIC) Shin Etsu Siltronics Sumco Taiwan Semiconductor Manufacturing Company (TSMC) Limited United Microelectronics Corporation (UMC).
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Machine Safety Market Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-4461141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-2066346060 Fax: +1⟨855⟩5505975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com
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