Dublin, Dec. 29, 2023 (GLOBE NEWSWIRE) -- The "Safety Light Curtains - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Safety Light Curtains Market to Reach $1.5 Billion by 2030
The global market for Safety Light Curtains estimated at US$1 Billion in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030. Type 2, one of the segments analyzed in the report, is projected to record 4.2% CAGR and reach US$415.3 Million by the end of the analysis period. Growth in the Type 4 segment is estimated at 5.7% CAGR for the next 8-year period. 
The U.S. Market is Estimated at $262.9 Million, While China is Forecast to Grow at 6.8% CAGR
The Safety Light Curtains market in the U.S. is estimated at US$262.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$225.6 Million by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
FOCUS ON SELECT PLAYERS(Total 63 Featured)
- Honeywell International, Inc.
- Keyence Corporation
- Hans Turck GmbH & Co. KG
- Balluff GmbH
- Banner Engineering Corporation
- Leuze Electronic GmbH + Co. KG
- HTM Sensors
- Baumer Electric AG
- EUCHNER USA Inc.
- IDEC Corporation
- K.A. Schmersal GmbH & Co. KG
- AutomationDirect.com
- Cedes AG
- Fotek Controls Co, Ltd.
- Dongguan DADI Electronic Technology Co.,Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 333 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1 Billion |
| Forecasted Market Value (USD) by 2030 | $1.5 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 Pandemic and Looming Global Recession
- Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
- Weak Global Economic Environment & Negative Tide in GDP Forecasts Discourage the Market
- World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
- Industrial Activity to Remain Subdued in the Immediate Term, Inducing Weakness into the Market
- Global PMI Index Points for the Years 2018, 2019 & 2020
- Business Confidence Index (BCI) Points for 3Q 2019, 4Q 2019, 1Q 2020, & 2Q 2020
- An Introduction to Safety Light Curtains
- History of Light Curtain for Safety
- Specifications of Safety Light Curtain
- Functions of Light Curtains
- Type 2 & Type 4 Safety Light Curtains
- Global Market Prospects & Outlook
- Advanced Features of Type 4 Safety Light Curtains Boost Adoption
- Type 2 Safety Light Curtains: Widespread Deployment in Low Risk Areas
- Automotive Sector Emerges As the Largest End-Use Category
- Developing Economies Poised to Drive Long-term Growth
- Competition
- World Brands
- Recent Market Activity
- Safety Light Curtains - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
- High Risk of Mortality and Injuries from Occupational Hazards Drives Importance of Safety Light Curtains
- High Levels of Workplace Related Accidents Bring Renewed Emphasis on Safety Light Curtains: Breakdown of Annual Work Related Fatalities (In Thousands) Worldwide by Region
- Total Cost of Workplace Injuries in the US: Breakdown of Expenditure (in %) for 2018
- Safety Hazards Driving Adoption of Safety Light Curtains in Manufacturing Industries
- Workplace Safety Index: Cost to Businesses (in US$ Billion) by Disabling Workplace Injuries
- Sustained Emphasis on Industrial Automation Augurs Well for Long-Term Growth of Safety Light Curtains Market
- COVID-19 Mandates Additional Automation Changes to Plant Floor & Factory Operations
- Shift Towards Industry 4.0 and Industrial Automation Enhances Importance of Safety Light Curtains
- Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020E
- IoT Sensors Step In to Further Automate Industrial Environments & Augment Workplace Safety
- Rising Use of Robots in Industrial Facilities and the Imperative Need to Ensure Safety of Work Environments Drives Market Growth
- Global Industrial Robots Market Size (in US$ Billion) for the Years 2019, 2021, 2023 & 2025
- Combination of Smart Safety Automation and Software for Reduced Injuries Risk for Humans on Robotic Manufacturing Floors
- Human Robot Collaboration: Significance of Risk Assessment of Robotic Systems
- Packaging Industry: Growing Use of Automation and Robotics Fuels Market Prospects
- Increasing Automation in Packaging Industry to Drive Adoption of Safety Light Curtains: Global Packaging Automation Market Size (in US$ Billion) for the Years 2019, 2022 & 2025
- Post COVID-19 Recovery in Auto Industry & Growing Use of Automated Machinery in Production Operations to Propel Market
- World Automobile Production in Million Units: 2008-2022
- Protection of Machinery in Healthcare, Life Science & Pharmaceutical Manufacturing Plants to Fuel Use of Safety Light Curtains
- Global Pharmaceutical R&D Spending in US$ Billion for the Years 2019, 2021, 2023 and 2025
- Semiconductor & Electronics: Rising Use of Automation for Production of Varied Products Necessitates Use of Safety Light Curtains
- Growing Use of Consumer Electronics Bodes Well for the Market: Number of Consumer Electronic Users (in Million) for the Years 2019, 2021, 2023, 2025 & 2027
- Smartphone Penetration Rate as Share of Total Population: 2016-2020
- Advancements in Safety Light Curtains to Boost Market Prospects
- Novel Safety Light Curtains for End-of-Line Packaging Plants and Tire & Auto Parts Manufacturing Plants
- openSAFETY Protocol of EPSG for Intelligent Light Curtains
- Market to Benefit from Implementation of Safety Regulations for Industrial Operations
- Challenges Facing Safety Light Curtains Market
- Common Issues with Safety Light Curtains
For more information about this report visit https://www.researchandmarkets.com/r/pjcs6q
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