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LAMEA Machine Safety Market Analysis, Challenges & Forecasts 2017-2023, With an Expected CAGR of 7.1% - ResearchAndMarkets.com

July 4, 2018

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 Mentioned

Rockwell 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

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING ENGINEERING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/04/2018 05:23 AM/DISC: 07/04/2018 05:23 AM

http://www.businesswire.com/news/home/20180704005058/en

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