NEWARK, Del, June 07, 2023 (GLOBE NEWSWIRE) -- Global machine safety market to reach a valuation of US$ 5,378.4 million in 2023. Future Market Insights reports say that the market is expected to grow at a 6.6% CAGR from 2023 to 2033, anticipated to be valued at US$ 10,222.9 million by the end of 2033.
Safety of cost-effective production and machinery is necessary as it is important in the machine safety market where these safety measures help these automotive manufacturers in achieving and maintaining the machine safety goals.
Robots are highly used nowadays to do tasks like welding, painting, etc in the automotive sector where these robots are often furnished with sensors and dressed with other safety features for avoiding arousal of accidents.
Get an overview of the market from industry experts to evaluate and develop growth strategies. Get your sample report here @
https://www.futuremarketinsights.com/reports/sample/rep-gb-650
Key Takeaways from the Market Study
- Sales of the global machine safety market expanded at a CAGR of 4.5% from 2018 to 2022
- Presence sensing safety sensors are expected to generate maximum demand for the global machine safety market.
- The automotive industry is expected to register maximum sales of global machine safety markets.
- The north American market for global banquet carts market is likely to expand at a share of 28.8%.
- The United States alone is likely to increase at a rate of around 16.7% during the forecast period.
- The automotive segment is said to have a market share of 19.2%
- Presence sensing safety sensors is said to hold a major position in the market with a market value of 20.7%.
- Indian market is said to have a major demand for machine safety systems thus leading to a growth in demand at a CAGR of 8.3%
- The Chinese market for machine safety systems is said to grow at a CAGR of 6.4% during the forecast period
- The Australian market for machine safety systems is considered to hold a market share of 2.1%.
- Japan is likely to hold a market share of 4.3% during the forecast period.
- The European region is anticipated to said to hold a market share for machine safety systems of 22.1%.
- Germany is expected to hold a market share of 8.1%
- United Kingdom is said to have a growth in the market for machine safety systems with a CAGR of 6.9%
Competitive Landscape
Some of the prominent players in the global market are-
- ABB Ltd.
- Emerson Electric Co.
- General Electric Co.
- Honeywell International Inc.
- Schneider Electric SE
- Rockwell Automation, Inc.
- Siemens AG
- Yokogawa Electric Corp.
- Omron Corporation
Speak to Our Research Expert @ https://www.futuremarketinsights.com/ask-question/rep-gb-650
Some of the important developments of the key players in the market are:
- In April 2023, Emerson will exhibit advanced, discrete automation solutions, from the factory floor to the cloud, at Hannover Messe. Visitors to Hall 6, Stand C57 can view the Discrete Automation portfolio of ASCO, AVENTICS, Branson, Movicon, PACEdge and PACSystems, as well as CoreTigo solutions. Emerson experts will show attendees how to access and harness critical data of their machines, production lines or their full production plant. Emerson will have other booths throughout Hannover Messe:
Emerson Hydrogen – Hall 13, Booth D36
Emerson Employer Branding – Convention Center, Aisle
CoreTigo - Hall 14, Booth H06 - In June 2023, Banner Engineering Corp. introduces the ZMX series 3D time of flight sensor that provides a single sensor for volume monitoring.
- In March 2023, Banner Engineering Corp. introduces the K100 Pro Beacon series has two 100mm models: Pro Daylight Visible and Pro Indicator for advanced indication applications. The K100 Pro Daylight Visible model offers a clear lens for indication even in sunlight, and with an IP66 rating, it is suitable for most outdoor applications. It features three color options for indication and operator guidance.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global machine safety market providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the machine safety market is segmented based on major By Product (Presence Sensing Safety Sensors, Safety Interlock Switches- Electromechanical, Hinged Pin, Limit, Non-Contact, Tongue, Trapped Key), By Industry (Automotive, Food & Beverages, Packaging, Material Processing, Pharmaceuticals, Electronics & Semiconductors), and by Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)
Expand operations in the future – ask for a custom report @ https://www.futuremarketinsights.com/customization-available/rep-gb-650
Key Segments Covered in Machine Safety Industry
Product:
- Presence Sensing Safety Sensors
- Safety Interlock Switches
- Electromechanical
- Hinged Pin
- Limit
- Non-Contact
- Tongue
- Trapped Key
Industry:
- Automotive
- Food & Beverages
- Packaging
- Material Processing
- Pharmaceuticals
- Electronics & Semiconductors
- Others
Country:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Table of Content (TOC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Industry, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Industry, 2023 to 2033
Grow your profit margins – Buy the report now at discounted price @ https://www.futuremarketinsights.com/checkout/650
Top Reports Related To Technology Market:
Safety Reporting Systems Market Size - The global safety reporting systems market holds a forecasted share of US$ 2972.3 million in 2022 and is likely to surpass US$ 10889.8 million by 2032, moving ahead with a CAGR of 13.5% during the forecast period (2022 to 2032).
Machine Automation Controller Market Share - Global machine automation controller market is expected to hit a valuation of US$ 64.5 billion by the forecast period 2022 to 2032. Through the end of 2032, the market is likely to grow at a CAGR of 6.3%.
Automotive Human-Machine Interface (HMI) Market Trends - The global automotive Human-Machine Interface (HMI) market leads to an estimated CAGR of 14.7% in the global market, during the forecast period and registers a revenue valued at US$ 10,652.1 Million in 2022, and is expected to cross US$ 41,877.6 Million by 2032.
Photonic Integrated Circuit Market Growth - The global sales of the Photonic Integrated Circuits (PIC) Market in 2021 was held at US$ 1.1 Billion. With 21.5% projected growth, the market from 2022 to 2032 is expected to reach a valuation of US$ 9.4 Billion.
Pixel Pitch LED Market Demand - The global sales of Pixel Pitch LED Market in 2021 was held at US$ 1 Billion. With 17.4% projected growth, the market is expected to reach a valuation of US$ 13.6 Billion by 2032.
SMS Firewall Market Outlook - SMS Firewall Market analysis report by Future Market Insights shows that global sales of the SMS Firewall Market in 2021 were held at US$ 2.3 Billion. The projected market growth during 2022 is expected to be 6.3%.
Intelligent Traffic Management Market Forecast - Intelligent Traffic Management Market in 2021 was held at US$ 9.6 Billion. With the projected growth of 7.7% from 2022 to 2032, the market is expected to reach a valuation of US$ 21.8 Billion by 2032.
Portable Gas Detection Equipment Market Type - The global sales of Portable Gas Detection Equipment in 2021 were held at US$ 1.6 Billion. With 4.3% projected growth, the market is expected to reach US$ 2.5 Billion by 2032.
Positive Displacement Sanitary Pumps Market Overview - The global sales of Positive Displacement Sanitary Pumps Market in 2021 was held at US$ 7.8 Billion. With 8.9% projected growth, the market is expected to reach a valuation of US$ 20.2 Billion by 2032.
Pre-terminated Systems Market Analysis - Newly released Pre-terminated Systems Market analysis report by Future Market Insights shows that global sales of Pre-terminated Systems Market in 2021 were held at US$ 2.5 Billion. With 8.2% projected growth, the market is expected to reach a valuation of US$ 5.9 Billion by 2032.
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact Us:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
