Machine Safety Market Size And Regional Outlook 2030

Today we live in a world of automation where most of the manual work is getting automated i.e., industrial automation, and business automation.

Market Highlights

Today we live in a world of automation where most of the manual work is getting automated i.e., industrial automation, and business automation. A number of machines are deployed to make the automation process work systematically. Machines have moving and rotating equipment such as rotating gears, chains, sprockets, belts, and pulleys. Sometimes, these parts can pose grave hazards and cause damage to the machines as well as the workers around. To safeguard the machines as well as workers in an industrial setting, machine safety is implemented in organizations. Accidents at workplace can often be fatal and result in loss of work hours which can hamper the overall production, therefore, the awareness of safety and health among employees is imperative. In this regard, the Government has introduced mandatory safety standards which are driving the growth of machine safety market size as all organizations have to implement these regulations and deploy safety system for safeguarding their environment.

On the basis of component, the machine safety market size is segmented into presence-sensing safety sensors, programmable safety systems, safety controllers/ modules/relays, emergency stop devices, safety interlock switches, and two-hand safety controls. Presence-sensing safety sensors is a leading segment in this market as there has been a rise in the requirement for protecting production units and machines. Programmable safety systems play a vital role to ensure the safety of operators and machines.

Key players

Prominent Key Players in the machine safety market include Rockwell (US), Honeywell (US), SICK (Germany), ABB (Switzerland), Schneider (France), Mitsubishi Electric (Japan), Pilz (Germany), Keyence (Japan), Banner Engineering (US), Omron (Japan), and IDEC Corporation (Japan) Other global players in this market are Pepperl + Fuchs (Germany), Phoenix Contact (Germany), Euchner (Germany), and Datalogic (Italy).

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Segment Overview

On the basis of implementation, the market is segmented into individual components and embedded components. Embedded components are driving this market as they help to achieve and implement various industry standards. These components provide benefits to applications and people as embedded components control and monitor situations and prevent them from happening.

On the basis of application, the market is segmented into assembly, robotics, material handling, packaging, metalworking, and others. Assembly and robotics application is expected to dominate the market and hold the largest market share throughout the forecast period as typical automation processes have various aspects namely controlling, positioning, limitation, and movement that requires maximum security.

On the basis of industry, the market is segmented into oil & gas, chemicals, aerospace, food & beverages, healthcare, semiconductor & electronics, automotive, and others. The automotive industry is expected to be the leading segment in the machine safety market during the forecast period due to increasing population resulting in an increased demand for automobiles, which is driving the growth of the machine safety market.

Regional Analysis

As a key participant in automation, Europe is expected to dominate this market with the greatest market share during the projection period. The Machinery Directive 2006/45/EU governs the safety criteria for machines in Europe. With a combination of safety and health criteria, it benefits harmonization. This is a legal requirement that safeguards the safety of machines and personnel in a variety of organizations. With important manufacturers like Rockwell (US), Honeywell (US), and Banner Engineering (US) operating in the machine safety market, North America is the second-largest market. Due to technological advancements that are easily adaptable, Asia Pacific is expected to grow at the fastest rate throughout the projected period, owing to emerging economies such as China, Japan, and India.