Global Machine Safety market size was valued at US$ 4.22 Bn in 2017 and is expected to reach US$ 6.77 Bn by 2026 to exhibit a CAGR of 6.1 % during the forecast period.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global machine safety market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by Component, price, financial position, Component portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global machine safety market.

Machine guarding is very essential for machine safety because it protects employees from dangers such as rotating parts, flying chips, and sparks with guards such as barrier guards, light curtains and two-hand operating devices. Safeguards are essential to protect workers from injury.

Growing demand for presence-sensing safety devices, an increasing number of accidents in industries and mandatory safety standards and government policies are driving the growth of the machine safety market.

Scope of Global Machine Safety market

Global Machine Safety market, by Component

• Presence-Sensing Safety Sensors

• Safety Controllers/ Modules/Relays

• Programmable Safety Systems

• Safety Interlock Switches

• Emergency Stop Devices

• Two-Hand Safety Controls

Global Machine Safety market, by Implementation

• Individual Components

• Embedded Components

Global Machine Safety market, by Application

• Assembly

• Material Handling

• Metal Working

• Packaging

• Robotics

• Others

Global Machine Safety market, by Industry

• Oil & Gas

• Chemicals

• Aerospace

• Semiconductor & Electronics

• Food & Beverages

• Automotive

• Healthcare

• Others

Global Machine Safety market, by Region

• North America

• Europe

• Asia-Pacific

• Middle East & Africa

• South America

Key Players operating in the Global Machine Safety market

• Rockwell

• Schneider Electric

• Mitsubishi Electric

• Omron

• Pilz

• ABB

• Honeywell

• Siemens

• Keyence Corporation

• IDEC Corporation

• Sick AG

• Banner Engineering

• Smartscan

• Datalogic

• Euchner

• Phoenix Contact

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