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Machine Safety Market Forecast & Analysis to 2018
Machine Safety is very crucial when dealing with process facilities andplants, environment and people. They play a vital role in safeguarding the machines in various industrial applications. The functionalsafety has evolved from traditional mechanical interlock switches to programmable safety PLCs technologies over the years. Strong government regulations across the world are encouraging the machine safety market leading to demand from emerging economies. The new machinery directives and standards, ISO-13849 and IEC 62061; is significant enough for driving the Safety-Related Electrical, Electronic and Programmable Electronic Control Systems (SRECS) for machinery. The safety components and products are designed for minimized downtime, reduced the use of components required for safe operation while maximizing productivity. Electronic and semiconductor industry is continuousl.y striving to scale down the average price of basic chips and circuits. Also, the safety integrated PLCs prices are expected to fall, thereby, making a shift from traditional safety devices to integrated safety PLC devices logical.
Considering the various functions performed by machine safety, controlling and positioning aremost attractive market to target for machine safety solutions markets.Among the various applications metal working, robotics and material handling are dominant segment which involves the use of the various machine safety technologies. Among the metal working segment, major share of safety devices is contributed by presence sensing safety sensors followed by safety PLCs.
The total machine safety market is expected to reach $4,197 million by 2018, at a CAGR of 9.0% from 2013 to 2018. In terms of volume, the total number of machine safety devices shipped was 12,617.8thousand units in 2012 and is expected to reach 20,817thousand units by 2018, at an estimated CAGR of 8.7% from 2013 to 2018. Europe leads the overall global machine safety market for the largest percentage share in 2012. North America, APAC, and Rest of the world (ROW) follow it.
Related Reports @
Machine Safety Market by Products (Presence Sensing Sensors, Emergency Stop Controls, Interlocks, Relays, PLC), Applications (Assembly, Metal Works, Packaging, Robotics), Standards (European, North American), Geography (2013 - 2018)
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