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Global Machine Safety Market Analysis 2017-2023 - Market Size is Expected to Reach $5.6 Billion - ResearchAndMarkets.com

June 12, 2018

DUBLIN--(BUSINESS WIRE)--Jun 12, 2018--The “Global Machine Safety Market Analysis (2017-2023)” report has been added to ResearchAndMarkets.com’s offering.

The Global Machine Safety Market size is expected to reach $5.6 billion by 2023, rising at a market growth of 5.9% CAGR during the forecast period.

Growing emphasis on industrial safety, need for implementing proactive safety measures, growing accidents in industrial setups, mandatory safety standards and government policies, and increasing demand for presence-sensing safety devices are the factors that influence the growth of the market. However, the cost associated with the implementation of machine safety systems is expected to be a major factor that is expected to limit the market growth.

Scope of the Report

Based on Implementation, the Machine Safety market segments the market into Embedded Component and Individual Component. Based on Component, the market report segments the market into Presence-Sensing Safety Sensors, Emergency Stop Devices, Programmable Safety Systems (Safety PLCs), Safety Controller/Modules/Relays, Safety Interlock Switches, and Others. Based on End User, the Machine Safety market segments the market into Automotive & Transportation, Oil & Gas, Chemicals, Semiconductor & Electronics, Food & Beverages, Healthcare, Aerospace, and Others. Based on Application, the Machine Safety market segments the market into Robotics, Packaging, Assembly, Material Handling, Metal Working, and Others.

Key Topics Covered:

1. Market Scope & Methodology

2. Market Overview

3. Global Machine Safety Market

4. Global Machine Safety Market by Component

5. Global Machine Safety Market by End User

6. Global Machine Safety Market by Application

7. Global Machine Safety Market by Region

8. Competitive Study

9. Company Profiles

Rockwell Automation Schneider Electric SE Mitsubishi Electric Corporation Omron Corporation ABB Group Siemens AG Honeywell International, Inc. SICK AG Keyence Corporation Banner Engineering

For more information about this report visit https://www.researchandmarkets.com/research/cqh2xn/global_machine?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180612006311/en/

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Related Topics:Industrial Machinery

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/12/2018 01:58 PM/DISC: 06/12/2018 01:58 PM

http://www.businesswire.com/news/home/20180612006311/en

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