LAMEA Machine Safety Market Analysis, Challenges & Forecasts 2017-2023, With an Expected CAGR of 7.1% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 4, 2018--The “LAMEA Machine Safety Market Analysis (2017-2023)” report has been added to ResearchAndMarkets.com’s offering.
The Latin America, Middle East and Africa Machine Safety Market is expected to witness market growth of 7.1% CAGR during the forecast period, 2017-2023.
Evolution of Industrial Revolution 4.0 and development of new and improved safety light curtains with digital indicators are other factors that is expected to offer significant market opportunities during the forecast period. Compatibility of safety systems and machine safety environment could be a challenge for safety system designers. One of the biggest challenges for the machine safety system engineers is expected to be to design system architecture that is expected to have the highest probability of preventing failures or efficiently control the systems in case of an emergency situations. Insufficient risk assessments is expected to also lead to overlooking of important requirements pertaining to design and performance of interlock devices and monitoring components such as relays and safety-rated programmable logic controllers.
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 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.
Companies MentionedRockwell Automation Schneider Electric SE Mitsubishi Electric Corporation Omron Corporation ABB Group Siemens AG Honeywell International, Inc. SICK AG Keyence Corporation Banner Engineering
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. LAMEA Machine Safety Market
Chapter 4. LAMEA Machine Safety Market by Component
Chapter 5. LAMEA Machine Safety Market by End User
Chapter 6. LAMEA Machine Safety Market by Application
Chapter 7. LAMEA Machine Safety Market by Country
Chapter 8. Competitive Study
Chapter 9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/vkvpmr/lamea_machine?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180704005058/en/
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Related Topics:Industrial Machinery
INDUSTRY KEYWORD: MANUFACTURING ENGINEERING
SOURCE: Research and Markets
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PUB: 07/04/2018 05:23 AM/DISC: 07/04/2018 05:23 AM