Machine Safety Market with COVID-19 Impact, by Component (Presence Sensing Safety Sensors, Safety PLCs, Safety Modules/Controllers/Relays), Implementation, Application (Assembly, Packaging, Robotics), Industry, and Region - Global Forecast to 2025
Machine Safety Market
Machine Safety Market and Top Companies
- Schneider Electric offers a diversified machine safety solutions under its Industrial Automation business segment. The company provides SIL 3 function safety solutions that ensure the fail-safe performance of controllers for energize-to-trip and de-energize-to-trip applications. Triconex, a brand of Schneider Electric, provides Trident safety instrumented systems with SIL 3 certification. These safety systems feature high scalability, with applications as low as 32 I/O points per system to as high as 40,000 I/O points. Schneider Electric has a strong portfolio of machine safety-certified emergency stop devices and safety instrumented systems.
- Honeywell offers a wide range of solutions related to machine safety through its Safety and Productivity segment. The company offers safety systems and solutions such as integrated control and safety systems, distributed control systems, control monitoring and safety systems, and industrial wireless solutions in the control, monitoring, and safety systems category. The company has recently launched various products to diversify its machine safety product portfolio. The launches are a result of extensive R&D conducted by the company.
- ABB is one of the leader in power and automation technology companies. It focuses on increasing profitability by strengthening competitiveness, driving organic growth, and lowering risks. ABB has launched the innovation & expansion plan (PIE) to drive profitable growth for its businesses. The company is primarily focusing on organic growth through product launches and developments and expansion of its safety product portfolio.
- Siemens is mainly engaged in the electrical engineering and electronics business. The company is a leading supplier of power transmission, power generation, and infrastructure solutions, coupled with automation, drive, and software solutions. Company provides machine safety-certified SIL-rated products for pressure, temperature, flow, and level measurements for both process and factory automation. It has also launched various innovative machine safety solutions. Safety technology products offered by the company comply with the latest safety standards and have been certified for international applicability. The SIRIUS portfolio of the company features 2 safe evaluation devicessafety relays and modular safety systems.
- Rockwell Automation is a leading provider of industrial automation and information solutions. The company offers a diverse set of products and services, including industrial control components, information software, sensing devices, and industrial security solutions. Rockwell Automation offers machine safety solutions through its Control Products & Solutions segment. The company offers machine safety products such as safety connection systems, safety drives, safety I/O modules, emergency stop devices, presence sensing safety devices, safety programmable controllers, safety relays, and safety switches.
Machine Safety Market Component
- Presense Sensing Safety Sensors: Sensor deployed in a safety system are developed and designed to ensure a safe output based on the signals received from the logic circuits. Safety edges, laser scanners, safety light curtains, safety mats, and optoelectronic devices (including hand detection and single & multi-beam) are some of the types of presence sensing sensors.
- Programmable safety systems: Programmable safety systems are highly reliable logic solvers, which provide both fail-safe and fault-tolerant operations. The market for programmable safety systems is anticipated to grow at a fast rate in the coming years as manufacturers are replacing the existing systems with PLCs to comply with strict machine safety regulatory standards. Programmable safety systems are an integral part of safety instrumented systems.
- Safety controllers/modules/relays: Numerous safety devices in machine safety require safety controllers/modules/relays to shut down equipment in case of any emergency. Safety relays are devices that implement safety functions. It provides the means to effectively and quickly remove power from machines or equipment in case of an emergency shutdown situation, thereby reducing risks to an acceptable level.
- Safety interlock switches: Safety interlock switches are designed to protect operators and equipment in automation plants. Electromechanical, hinge pin, limit, non-contact, tongue, and trapped key are the different types of safety interlock switches. These components are intended to protect equipment and end users from injuries during critical situations. They prevent the restart of a shutdown piece of equipment until the fault that caused the shutdown is corrected.
- Emergency stop controls: Emergency stop controls are crucial elements of the safety-related parts of control systems. These devices provide workers a means of stopping a device during an emergency by pushing a button or pulling a rope. The different types of emergency stop devices include emergency stop buttons, rope pull switches, and flush mount E-stops.
Machine Safety Market Technology Trends
- Computer Vision: Computer vision helps in automating production processes by controlling different devices. The use of computer vision increases efficiency as it eliminates the requirement of workers in hazardous areas. For example, in the packaging process, computer vision, with the help of barcodes, analyzes products, classifies them, and packages them.
- Internet of Things (IoT): The use of IoT enables analysis of workplace conditions and helps in keeping workers safer and healthy. IoT analyzes the exposure of workers in hazardous conditions and determines the acceptable limit for exposure levels. Compliance with regulations can be maintained with the help of IoT by monitoring compliance requirements and ensuring its adherence. With the help machine learning algorithm, IoT analyzes data, and checks the pattern of work performed in the plant.
- Machine Learning: The use of automated machine learning in terms of providing safety to workers and machines is currently trending in the industrial sector. It eliminates the need for any worker in hazardous areas for detecting errors and notifying the user of any abnormalities in the functioning. This helps in reducing processing time and provides safety in the plant.
[204 Pages Report] The machine safety market is expected to be valued at USD 4.5 billion in 2020 and is projected to reach USD 6.0 billion by 2025; it is expected to grow at a CAGR of 6.1% from 2020 to 2025. Key factors driving the demand for machine safety systems include strict machine safety mandates, and high requirements for reliable safety systems to ensure personnel and asset protection.
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COVID-19 impact on the machine safety market
Machine safety systems are aggressively being used for fire and gas monitoring as they offer a platform to enhance operational efficiencies and increase productivity while safeguarding workers. Due to the outbreak of COVID-19, the adoption of these systems will increase in the future as companies will adopt automation at large to ensure continuity of business operations even during crises. Most of the industries are affected by supply chain disruptions worldwide. Medical devices and pharmaceuticals industries are striving to yield maximum output to cater to the needs of patients in various regions. Pharmaceuticals and food & beverage are the industries that manufacture essential goods and their manufacturing facilities cannot be shut. During this pandemic, these are the 2 industries providing essential items to people. Thus, it is expected that these industries will generate more demand for machine safety solutions.
Restraint: Requirements for huge capital to install and automate machine safety systems
Machine safety systems are required to be installed as a safety measure for safeguarding employees, machines, and production lines in an emergency situation. However, the cost of machine safety components, and installation, maintenance and repair costs put a substantial burden on the organizational budget. Though large organizations can manage these expenses, it can be difficult for small and mid-sized organizations. Investments for safety equipment were never considered in budget allocations for building plants and production facilities until now, despite the installation and maintenance of machine safety systems adding a substantial economic burden. The aforesaid is a critical factor restraining the growth of the machine safety market
Opportunity: Increasing use of IIoT to ensure better management and improved performance of machine assets
IIoT is offering new opportunities for integrated safety and compliance services. IIoT can acquire data from sensors and send the collected information to monitoring systems. The data is transmitted through wired and wireless networks that provide real-time analysis, alerts, and possible solutions in case of any emergency situation. Using IIoT, companies can integrate their processes with safety systems and can monitor the same in real time. IIoT facilitates quick monitoring, analysis, and control, offering virtual management of physical systems, which ultimately results in performance improvement.
Challenge: Suspension in machine activities due to COVID-19 and subsequent decline in machine safety market
A few companies have completely stopped their manufacturing operations, which has disrupted the supply chain. Social distancing is also being observed in other parts of the manufacturing ecosystem, including transportation. This further brings commercial activities to a standstill, thereby negatively affecting the growth of the market, especially in the manufacturing sector.
The presense sensing safety sensors component is projected to to hold largest market share of machine safety market from 2020 to 2025.
The presense sensing safety sensor market is expect to hold the largest market share owing to the need for security requirements for protecting workers and production units from any accidents mandated by the strict machine safety regulations based on the national and international standards. Moreover the factors such as the rise in machine revolution 4.0, increasing need for safety light curtains in the packaging industry powered by robotics, and rising incidents of accidents in industries are driving the demand for presence sensing safety sensors of machine safety market.
The machine safety market for food & beverages industry is projected to grow at the highest CAGR during the forecast period.
The machine safety systems are widely adopted by food and beverage giants to increase production precision and flexibility. Machine safety helps in achieving greater operational transparency across production lines and in ensuring compliance with regulations. The food & beverages industry strives to achieve high quality and consistent production at a low price. This can be achieved by making food & beverages plants more safe, flexible, and profitable by choosing an integrated approach of automated safety control systems such as machine safety solutions. Further, as companies are becoming more aware of regulations, which are becoming more stringent, there is an upsurge in demand for machine safety systems to achieve safe and efficient operations in food & beverage manufacturing plants.
The machine safety market in Europe is projected to hold the largest market share of machine safety during the forecast period.
Europe is the largest markets for machine safety systems as machine safety standards are strictly followed within the European Economic Area (comprises all European Union countries). The safety standards and directives present in the region restrict the supply and operation of machinery that do not meet the regulatory requirements. The machine safety requirements are stringent in the European region, which are driving the growth of the market.
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Key Market Players
The machine safety players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, contracts, partnerships and, business expansions, to strengthen their offerings in the market. The major players are ABB Ltd. (Switzerland), Emerson Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Siemens AG (Germany), General Electric Co. (US), Yokogawa Electric Corp. (Japan), Omron Corporation (Japan), Keyence Corporation (Japan), Mitsubishi Electric Corporation (Japan), Pilz GmbH & Co. KG (Germany), Sick AG (Germany), Balluff GmbH (Germany), and Banner Engineering Corp. (US) were the major players in the machine safety market.
The study includes an in-depth competitive analysis of these key players in the market with their company profiles, recent developments, and key market strategies.
Report Scope:
|
Report Metric |
Details |
|
Years considered |
20162025 |
|
Base year considered |
2019 |
|
Forecast period |
20202025 |
|
Forecast units |
Value (USD million/billion) |
|
Segments covered |
Implementation (Individual and embedded components), Components, Application, and Industry |
|
Regions covered |
North America, APAC, Europe, and RoW |
|
Companies covered |
ABB Ltd. (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Siemens AG (Germany), Yokogawa Electric Corp. (Japan), Omron Corporation (Japan) Keyence Corporation (Japan), Mitsubishi Electric Corporation (Japan), Pilz GmbH & Co. KG (Germany), Sick AG (Germany), Balluff GmbH (Germany), and Banner Engineering Corp. (US) are among the few major players in the machine safety market. A total of 25 companies are covered in this study. |
In this report, the overall machine safety market has been segmented on the basis of implementation, component, application, industry, and region.
Machine Safety Market By Implementation
- Individual components
- Embedded components
Machine Safety Market By Component
- Presense Sensing Safety Sensors
- Safety Edges
- Laser Scanners
- Safety Light Curtains
- Safety Mats
- Other Devices (single & multi-beam devices)
- Safety Interlock Switches
- Electromechanical
- Hinge Pin
- Limit Switches
- Non-contact Interlock Switches
- Tongue Interlock Switches
- Trapped Key Interlock Switches
- Safety Controllers/Modules/Relays
- Programmable Safety Systems
- Emergency Stop Controls
- Push Button
- Rope Pull Button
- Two-hand Safety Controls
Machine Safety Market By System
- Assembly
- Material Handling
- Metal Working
- Packaging
- Robotics
- Others (welding and shielding of heavy machinery)
Machine Safety Market By Industry
- Oil & Gas
- Energy & Power
- Chemicals
- Food & Beverages
- Aerospace & Defense
- Automotive
- Semiconductor & Electronics
- Healthcare and Pharmaceuticals
- Metals & Mining
- Others (paper & pulp, water & wastewater, and textiles)
Machine Safety Market By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Rest of Europe
- Asia Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of APAC
- Rest of the World (RoW)
- South America
- Middle East & Africa
Recent Developments
- In February 2020, Rockwell Automation launched E100 electronic motor overload relay was launched, which helps prevent motor damage and downtime.
- In March 2019, ABB upgrades the Ability System 800Xa; it innovated the entire DCS architecture and introduced technologies that shorten timescales for project execution, and enhanced the scalability of the system. In terms of safety, the new system includes support for 2 new safety controllersPM863 and PM857. Also in combination with new Select I/O safety single-channel modules, it expanded the present capabilities and increased flexibility.
Frequently Asked Questions (FAQ):
Which are the major industries uses machine safety equipment?
The machine safety market is broadly segmented into automotive, aerospace & defense, oil & gas, food & beverages, energy & power, healthcare & pharmaceutical, chemical, metal & mining, semiconductor, and others.
What are the driving factors for machine safety market?
Some of the major driving factors for the growth of this market include growing need for safety equipments in manufacturing industry to ensure personnel and asset protection, and strict mandates for safety regulations.
Which major countries are considered in the European region?
The report includes an analysis of the UK, Germany, France, and rest of European countries.
What are the opportunities for new market entrants in this market?
The increasing scope of machine safety for energy & power, food & beverages, oil & gas, and other end user industries, and machine safety adoption with Machine Internet of Things (IIoT) technology would provide growth opportunities for the players operating in the machine safety market
Does this report include the impact of COVID-19 on the machine safety market?
Yes, the report includes the impact of COVID-19 on the machine safety market. It illustrates the post- COVID-19 market scenario. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 27)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 31)
2.1 RESEARCH DATA
FIGURE 1 MACHINE SAFETY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY & PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Major secondary sources
2.1.2.2 Secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE OF PRODUCTS OF MACHINE SAFETY MARKET SIZE
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market share by bottom-up analysis (demand side)
FIGURE 3 MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
FIGURE 4 MARKET: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 43)
3.1 PRE-COVID-19 SCENARIO
3.2 REALISTIC SCENARIO
3.3 PESSIMISTIC SCENARIO
3.4 OPTIMISTIC SCENARIO
FIGURE 6 PRE- AND POST-COVID-19 ANALYSIS OF MARKET
FIGURE 7 MARKET FOR PROGRAMMABLE SAFETY SYSTEMS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 8 ROBOTICS APPLICATION IS EXPECTED TO CONTINUE TO HOLD LARGEST SIZE OF MARKET DURING FORECAST PERIOD
FIGURE 9 FOOD & BEVERAGES INDUSTRY IS EXPECTED TO GROW AT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
FIGURE 10 APAC IS EXPECTED TO BE FASTEST-GROWING SEGMENT OF MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 48)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MACHINE SAFETY MARKET
FIGURE 11 ADOPTION OF PRESENCE SENSING DEVICES ARE DRIVING MARKET
4.2 MARKET, BY COMPONENT
FIGURE 12 PRESENCE SENSING SAFETY SENSORS TO HOLD LARGEST SIZE OF MARKET IN 2025
4.3 MARKET, BY APPLICATION
FIGURE 13 ROBOTICS TO HOLD LARGEST SIZE OF MARKET IN 2025
4.4 MARKET, BY INDUSTRY
FIGURE 14 ENERGY & POWER TO HOLD LARGER SHARE OF MARKET IN 2020
4.5 MARKET, BY REGION
FIGURE 15 EUROPE TO HOLD LARGEST SIZE OF MARKET IN 2025
5 MARKET OVERVIEW (Page No. - 51)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 HIGH REQUIREMENT FOR RELIABLE SAFETY SYSTEMS FOR PERSONNEL AND ASSET PROTECTION TO DRIVE THE MACHINE SAFETY MARKET
5.2.1 DRIVERS
5.2.1.1 Rising emphasis on personnel and asset protection
5.2.1.2 Stringent machinery and equipment safety regulations
5.2.2 RESTRAINTS
5.2.2.1 Requirements for huge capital to install and automate machine safety systems
5.2.2.2 Lack of awareness regarding importance of machine safety, coupled with complexities of machine safety systems
5.2.3 OPPORTUNITIES
5.2.3.1 Adoption of digital technology to minimize impact of COVID-19 and elevate organization safety
5.2.3.2 Growing acceptance of workplace safety standards in emerging economies
5.2.3.3 Increasing use of IIoT to ensure better management and improved performance of industrial assets
5.2.4 CHALLENGES
5.2.4.1 Suspension in industrial activities due to COVID-19 and subsequent decline in market
5.2.4.2 Failure to access all machinery-related risks
5.3 TECHNOLOGIES IN MACHINE SAFETY SYSTEMS
5.3.1 COMPUTER VISION
5.3.2 AUTOMATED MACHINE LEARNING
5.3.3 INTERNET OF THINGS
5.3.4 VIRTUAL REALITY
5.4 CASE STUDY ANALYSIS
5.4.1 AUTOMOTIVE
5.4.2 HEALTHCARE
5.4.3 FOOD & BEVERAGES
5.4.4 OIL & GAS
5.5 VALUE CHAIN ANALYSIS
FIGURE 17 VALUE CHAIN ANALYSIS
5.6 ECOSYSTEM: MACHINE SAFETY
5.7 AVERAGE SELLING PRICE ANALYSIS
5.8 PATENTS ANALYSIS: MACHINE SAFETY
5.9 MACHINE SAFETY STANDARDS
5.10 SAFETY INTEGRITY LEVEL (SIL)
TABLE 1 SIL-RELATED MEASURES
5.11 FUNCTIONAL SAFETY STANDARDS
5.11.1 PROCESS INDUSTRY
5.11.1.1 I EC 61508
5.11.1.2 I EC 61511
5.11.2 MACHINERY
5.11.2.1 IEC 62061
6 MACHINE SAFETY MARKET, BY COMPONENT (Page No. - 65)
6.1 INTRODUCTION
FIGURE 18 MACHINE SAFETY MARKET, BY COMPONENT
FIGURE 19 PRESENCE SENSING SAFETY SENSORS TO CONTINUE TO HOLD LARGEST SIZE OF MARKET DURING FORECASTED PERIOD
TABLE 2 MARKET, BY COMPONENT, 20162019 (USD MILLION)
TABLE 3 MARKET BY COMPONENT, 20202025 (USD MILLION)
TABLE 4 MARKET, BY COMPONENT, 20162019 (THOUSAND UNITS)
TABLE 5 MARKET, BY COMPONENT, 20202025 (THOUSAND UNITS)
6.2 PRESENCE SENSING SAFETY SENSORS
TABLE 6 PRESENCE SENSING SENSOR MARKET, BY APPLICATION, 20162019 (USD MILLION)
TABLE 7 PRESENCE SENSING SAFETY SENSOR MARKET, BY APPLICATION, 20202025 (USD MILLION)
TABLE 8 PRESENCE SENSING SAFETY SENSOR MARKET, BY TYPE, 20162019 (USD MILLION)
TABLE 9 PRESENCE SENSING SAFETY SENSOR MARKET, BY TYPE, 20202025 (USD MILLION)
TABLE 10 PRESENCE SENSING SAFETY SENSOR MARKET, BY TYPE, 20162019 (THOUSAND UNITS)
TABLE 11 PRESENCE SENSING SENSOR MARKET, BY TYPE, 20202025 (THOUSAND UNITS)
TABLE 12 PRESENCE SENSING SAFETY SENSOR MARKET, BY REGION, 20162019 (USD MILLION)
TABLE 13 PRESENCE SENSING SAFETY SENSOR MARKET, BY REGION, 20202025 (USD MILLION)
TABLE 14 PRESENCE SENSING SAFETY SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 20162019 (USD MILLION)
TABLE 15 PRESENCE SENSING SAFETY SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 20202025 (USD MILLION)
TABLE 16 PRESENCE SENSING SAFETY SENSOR MARKET IN EUROPE, BY COUNTRY, 20162019 (USD MILLION)
TABLE 17 PRESENCE SENSING SAFETY SENSOR MARKET IN EUROPE, BY COUNTRY, 20202025 (USD MILLION)
TABLE 18 PRESENCE SENSING SAFETY SENSOR MARKET IN APAC, BY COUNTRY, 20162019 (USD MILLION)
TABLE 19 PRESENCE SENSING SAFETY SENSOR MARKET IN APAC, BY COUNTRY, 20202025 (USD MILLION)
TABLE 20 PRESENCE SENSING SAFETY SENSOR MARKET IN ROW, BY REGION, 20162019 (USD MILLION)
TABLE 21 PRESENCE SENSING SAFETY SENSOR MARKET FOR ROW, BY REGION, 20202025 (USD MILLION)
6.2.1 SAFETY EDGES
6.2.1.1 Safety edges ensure safety of closing edges at potential crushing or shearing points
6.2.2 LASER SCANNERS
6.2.2.1 Laser scanners used for danger zone guarding and access guarding
6.2.3 SAFETY LIGHT CURTAINS
6.2.3.1 Safety light curtains help to prevent external threats to machinery and other tools
6.2.3.2 Light emitting diodes (LEDs)
6.2.3.3 Photoelectric cells
6.2.3.4 Control units
6.2.3.5 Displays
6.2.3.6 Enclosures
6.2.4 SAFETY MATS
6.2.4.1 Safety mats find applications in textile machines, conveyers, plastics molding machines, and water jet machines
6.2.5 OTHER DEVICES
6.2.5.1 Single & multi-beam devices are designed for perimeter guarding
6.3 PROGRAMMABLE SAFETY SYSTEMS
6.3.1 MARKET FOR PROGRAMMABLE SAFETY SYSTEMS TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 22 PROGRAMMABLE SAFETY SYSTEMS MARKET, BY APPLICATION, 20162019 (USD MILLION)
TABLE 23 PROGRAMMABLE SAFETY SYSTEMS MARKET, BY APPLICATION, 20202025 (USD MILLION)
TABLE 24 PROGRAMMABLE SAFETY SYSTEMS MARKET, BY REGION, 20162019 (USD MILLION)
TABLE 25 PROGRAMMABLE SAFETY SYSTEMS MARKET, BY REGION, 20202025 (USD MILLION)
TABLE 26 PROGRAMMABLE SAFETY SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 20162019 (USD MILLION)
TABLE 27 PROGRAMMABLE SAFETY SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 20202025 (USD MILLION)
TABLE 28 PROGRAMMABLE SAFETY SYSTEMS MARKET IN EUROPE, BY COUNTRY, 20162019 (USD MILLION)
TABLE 29 PROGRAMMABLE SAFETY SYSTEMS MARKET IN EUROPE, BY COUNTRY, 20202025 (USD MILLION)
TABLE 30 PROGRAMMABLE SAFETY SYSTEMS MARKET IN APAC, BY COUNTRY, 20162019 (USD MILLION)
TABLE 31 PROGRAMMABLE SAFETY SYSTEMS MARKET IN APAC, BY COUNTRY, 20202025 (USD MILLION)
TABLE 32 PROGRAMMABLE SAFETY SYSTEMS MARKET IN ROW, BY REGION, 20162019 (USD MILLION)
TABLE 33 PROGRAMMABLE SAFETY SYSTEMS MARKET IN ROW, BY REGION, 20202025 (USD MILLION)
6.4 SAFETY CONTROLLERS/MODULES/RELAYS
6.4.1 SAFETY CONTROLLERS/MODULES/RELAYS HELP IN EMERGENCY SHUTDOWN OF EQUIPMENT
TABLE 34 SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY APPLICATION, 20162019 (USD MILLION)
TABLE 35 SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY APPLICATION, 20202025 (USD MILLION)
TABLE 36 SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY REGION, 20162019 (USD MILLION)
TABLE 37 SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY REGION, 20202025 (USD MILLION)
TABLE 38 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN NORTH AMERICA, BY COUNTRY, 20162019 (USD MILLION)
TABLE 39 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN NORTH AMERICA, BY COUNTRY, 20202025 (USD MILLION)
TABLE 40 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN EUROPE, BY COUNTRY, 20162019 (USD MILLION)
TABLE 41 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN EUROPE, BY COUNTRY, 20202025 (USD MILLION)
TABLE 42 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN APAC, BY COUNTRY, 20162019 (USD MILLION)
TABLE 43 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN APAC, BY COUNTRY, 20202025 (USD MILLION)
TABLE 44 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN ROW, BY GEOGRAPHY, 20162019 (USD MILLION)
TABLE 45 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN ROW, BY GEOGRAPHY, 20202025 (USD MILLION)
6.5 SAFETY INTERLOCK SWITCHES
6.5.1 SAFETY INTERLOCK SWITCHES PREVENT RESTART OF EQUIPMENT UNTIL SHUTDOWN CAUSING FAULT IS CORRECTED
TABLE 46 SAFETY INTERLOCK SWITCHES MARKET, BY APPLICATION, 20162019 (USD MILLION)
TABLE 47 SAFETY INTERLOCK SWITCHES MARKET, BY APPLICATION, 20202025 (USD MILLION)
TABLE 48 SAFETY INTERLOCK SWITCHES MARKET, BY REGION, 20162019 (USD MILLION)
TABLE 49 SAFETY INTERLOCK SWITCHES MARKET, BY REGION, 20202025 (USD MILLION)
TABLE 50 SAFETY INTERLOCK SWITCHES MARKET IN NORTH AMERICA, BY COUNTRY, 20162019 (USD MILLION)
TABLE 51 SAFETY INTERLOCK SWITCHES MARKET IN NORTH AMERICA, BY COUNTRY, 20202025 (USD MILLION)
TABLE 52 SAFETY INTERLOCK SWITCHES MARKET IN EUROPE, BY COUNTRY, 20162019 (USD MILLION)
TABLE 53 SAFETY INTERLOCK SWITCHES MARKET IN EUROPE, BY COUNTRY, 20202025 (USD MILLION)
TABLE 54 SAFETY INTERLOCK SWITCHES MARKET IN APAC, BY COUNTRY, 20162019 (USD MILLION)
TABLE 55 SAFETY INTERLOCK SWITCHES MARKET IN APAC, BY COUNTRY, 20202025 (USD MILLION)
TABLE 56 SAFETY INTERLOCK SWITCHES MARKET IN ROW, BY REGION, 20162019 (USD MILLION)
TABLE 57 SAFETY INTERLOCK SWITCHES MARKET IN ROW, BY REGION, 20202025 (USD MILLION)
6.5.2 ELECTROMECHANICAL
6.5.2.1 Electromechanical switches are used to lock equipment doors and panels in closed position during equipment operations
6.5.3 HINGE PIN
6.5.3.1 Hinge pin switches provide positively operated switching contacts
6.5.4 LIMIT SWITCHES
6.5.4.1 Limit switches consist of actuators, which are mechanically linked to a set of contacts
6.5.5 NON-CONTACT INTERLOCK SWITCHES
6.5.5.1 Non-contact safety interlock switches are mostly used in areas where precise implementation of safety systems is difficult
6.5.6 TONGUE INTERLOCK SWITCHES
6.5.6.1 Tongue interlock switches detect movement of a hinged, sliding, or lift-off guard
6.5.7 TRAPPED KEY INTERLOCK SWITCHES
6.5.7.1 Trapped key switches are used in applications wherein equipment has to be started or shutdown in a prescribed sequence
6.6 EMERGENCY STOP CONTROLS
TABLE 58 EMERGENCY STOP CONTROLS MARKET, BY APPLICATION, 20162019 (USD MILLION)
TABLE 59 EMERGENCY STOP CONTROLS MARKET, BY APPLICATION, 20202025 (USD MILLION)
TABLE 60 EMERGENCY STOP CONTROLS MARKET, BY REGION, 20162019 (USD MILLION)
TABLE 61 EMERGENCY STOP CONTROLS MARKET, BY REGION, 20202025 (USD MILLION)
TABLE 62 EMERGENCY STOP CONTROLS MARKET IN NORTH AMERICA, BY COUNTRY, 20162019 (USD MILLION)
TABLE 63 EMERGENCY STOP CONTROLS MARKET IN NORTH AMERICA, BY COUNTRY, 20202025 (USD MILLION)
TABLE 64 EMERGENCY STOP CONTROL MARKET IN EUROPE, BY COUNTRY, 20162019 (USD MILLION)
TABLE 65 EMERGENCY STOP CONTROL MARKET IN EUROPE, BY COUNTRY, 20202025 (USD MILLION)
TABLE 66 EMERGENCY STOP CONTROL MARKET IN APAC, BY COUNTRY, 20162019 (USD MILLION)
TABLE 67 EMERGENCY STOP CONTROL MARKET IN APAC, BY COUNTRY, 20202025 (USD MILLION)
TABLE 68 EMERGENCY STOP CONTROL IN ROW, BY REGION, 20162019 (USD MILLION)
TABLE 69 EMERGENCY STOP CONTROL IN ROW, BY REGION, 20202025 (USD MILLION)
6.6.1 PUSH BUTTONS
6.6.1.1 Attributes such as compact housing and easy connection and troubleshooting result in increasing adoption of push buttons by end-user industries
6.6.2 ROPE (CABLE) PULL BUTTONS
6.6.2.1 Rope pull buttons are used as emergency stop devices in areas that cannot be protected by simple push buttons
6.7 TWO-HAND SAFETY CONTROLS
6.7.1 DEMAND FOR TWO-HAND SAFETY FOR POWER GENERATION INDUSTRIES TO CONTINUE TO RISE IN FUTURE
TABLE 70 TWO-HAND SAFETY CONTROLS MARKET, BY APPLICATION, 20162019 (USD MILLION)
TABLE 71 TWO-HAND SAFETY CONTROLS MARKET, BY APPLICATION, 20202025 (USD MILLION)
TABLE 72 TWO-HAND SAFETY CONTROL MARKET, BY REGION, 20162019 (USD MILLION)
TABLE 73 TWO-HAND SAFETY CONTROL MARKET, BY REGION, 20202025 (USD MILLION)
TABLE 74 TWO-HAND SAFETY CONTROL MARKET IN NORTH AMERICA, BY COUNTRY, 20162019 (USD MILLION)
TABLE 75 TWO-HAND SAFETY CONTROL MARKET IN NORTH AMERICA, BY COUNTRY, 20202025 (USD MILLION)
TABLE 76 TWO-HAND SAFETY CONTROL MARKET IN EUROPE, BY COUNTRY, 20162019 (USD MILLION)
TABLE 77 TWO-HAND SAFETY CONTROL MARKET IN EUROPE, BY COUNTRY, 20202025 (USD MILLION)
TABLE 78 TWO-HAND SAFETY CONTROL MARKET IN APAC, BY COUNTRY, 20162019 (USD MILLION)
TABLE 79 TWO-HAND SAFETY CONTROL MARKET IN APAC, BY COUNTRY, 20202025 (USD MILLION)
TABLE 80 TWO-HAND SAFETY CONTROL MARKET IN ROW, BY REGION, 20162019 (USD MILLION)
TABLE 81 TWO-HAND SAFETY CONTROL MARKET IN ROW, BY REGION, 20202025 (USD MILLION)
6.8 MARKET, BY SALES CHANNEL
FIGURE 20 MARKET, BY SALES CHANNEL
6.8.1 DIRECT SALES CHANNEL
6.8.2 INDIRECT CHANNEL
7 MACHINE SAFETY MARKET, BY IMPLEMENTATION (Page No. - 100)
7.1 INTRODUCTION
FIGURE 21 MACHINE SAFETY MARKET, BY IMPLEMENTATION
TABLE 82 MARKET, BY IMPLEMENTATION, 20162019 (USD MILLION)
TABLE 83 MARKET, BY IMPLEMENTATION, 20202025 (USD MILLION)
7.2 INDIVIDUAL COMPONENTS
7.2.1 INDIVIDUAL COMPONENTS ARE EASY TO INSTALL AND CONTROL
7.2.2 COVID-19 IMPACT ON INDIVIDUAL COMPONENTS
7.3 EMBEDDED COMPONENTS
7.3.1 EMBEDDED COMPONENTS OFFER BETTER PERFORMANCE AND ADVANCED SAFETY FOR INDUSTRIAL MACHINES
7.3.2 COVID-19 IMPACT ON EMBEDDED COMPONENTS
8 MACHINE SAFETY MARKET, BY APPLICATION (Page No. - 103)
8.1 INTRODUCTION
FIGURE 22 MACHINE SAFETY MARKET, BY APPLICATION
FIGURE 23 ROBOTICS SEGMENT TO CONTINUE TO HOLD LARGEST SIZE OF MARKET DURING FORECAST PERIOD
TABLE 84 MARKET, BY APPLICATION, 20162019 (USD MILLION)
TABLE 85 MARKET, BY APPLICATION, 20202025 (USD MILLION)
8.2 ASSEMBLY
8.2.1 ASSEMBLY APPLICATION IS EXPECTED TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 86 MARKET FOR ASSEMBLY APPLICATION, BY COMPONENT, 20162019 (USD MILLION)
TABLE 87 MARKET FOR ASSEMBLY APPLICATION, BY COMPONENT, 20202025 (USD MILLION)
8.3 ROBOTICS
8.3.1 SAFETY REGULATIONS MANDATE DEPLOYMENT OF MACHINE SAFETY SYSTEMS IN ROBOTICS APPLICATIONS
TABLE 88 MARKET FOR ROBOTICS APPLICATION, BY COMPONENT, 20162019 (USD MILLION)
TABLE 89 MARKET FOR ROBOTICS APPLICATION, BY COMPONENT, 20202025 (USD MILLION)
8.4 PACKAGING
8.4.1 INCREASE IN MACHINERY-RELATED ACCIDENTS IN PACKAGING APPLICATIONS DRIVES ADOPTION OF MACHINE SAFETY SYSTEMS
TABLE 90 MARKET FOR PACKAGING APPLICATION, BY COMPONENT, 20162019 (USD MILLION)
TABLE 91 MARKET FOR PACKAGING APPLICATION, BY COMPONENT, 20202025 (USD MILLION)
8.5 MATERIAL HANDLING
TABLE 92 MARKET FOR MATERIAL HANDLING APPLICATION, BY COMPONENT, 20162019 (USD MILLION)
TABLE 93 MARKET FOR MATERIAL HANDLING APPLICATION, BY COMPONENT, 20202025 (USD MILLION)
8.6 METAL WORKING
8.6.1 MACHINE SAFETY MEASURES ARE NECESSARY IN METAL WORKING TO AVOID MECHANICAL HAZARDS
TABLE 94 MARKET FOR METAL WORKING APPLICATION, BY COMPONENT, 20162019 (USD MILLION)
TABLE 95 MARKET FOR METAL WORKING APPLICATION, BY COMPONENT, 20202025 (USD MILLION)
8.7 OTHERS
TABLE 96 MARKET FOR OTHER APPLICATIONS, BY COMPONENT, 20162019 (USD MILLION)
TABLE 97 MARKET FOR OTHER APPLICATIONS, BY COMPONENT, 20202025 (USD MILLION)
9 MACHINE SAFETY MARKET, BY INDUSTRY (Page No. - 114)
9.1 INTRODUCTION
FIGURE 24 MACHINE SAFETY MARKET, BY INDUSTRY
FIGURE 25 ENERGY & POWER SEGMENT IS EXPECTED TO HOLD LARGEST SIZE OF MARKET IN 2025
TABLE 98 MARKET, BY INDUSTRY, 20162019 (USD MILLION)
TABLE 99 MARKET, BY INDUSTRY, 20202025 (USD MILLION)
9.2 AEROSPACE & DEFENSE
9.2.1 VARIOUS AUTOMATED PROCESSES IN AEROSPACE & DEFENSE MANUFACTURING NECESSITATE DEPLOYMENT OF MACHINE SAFETY SYSTEMS
TABLE 100 MARKET FOR AEROSPACE & DEFENCE, BY REGION, 20162019 (USD MILLION)
TABLE 101 MARKET FOR AEROSPACE & DEFENSE, BY REGION, 20202025 (USD MILLION)
9.2.2 IMPACT OF COVID-19 ON AEROSPACE & DEFENSE INDUSTRY
9.3 AUTOMOTIVE
9.3.1 AUTOMOTIVE INDUSTRY EMPLOYS MACHINE SAFETY TO REDUCE RISKS ASSOCIATED WITH DANGEROUS PROCESS
TABLE 102 MARKET FOR AUTOMOTIVE, BY REGION, 20162019 (USD MILLION)
TABLE 103 MARKET FOR AUTOMOTIVE, BY REGION, 20202025 (USD MILLION)
9.3.2 IMPACT OF COVID-19 ON AUTOMOTIVE INDUSTRY
9.4 CHEMICALS
9.4.1 DEMAND FOR SAFETY AND RELIABILITY IN CHEMICALS INDUSTRY PROPELS GROWTH OF MARKET
TABLE 104 MARKET FOR CHEMICALS, BY REGION, 20162019 (USD MILLION)
TABLE 105 MARKET FOR CHEMICALS, BY REGION, 20202025 (USD MILLION)
9.4.2 IMPACT OF COVID-19 ON CHEMICALS INDUSTRY
9.5 ENERGY & POWER
9.5.1 POWER INDUSTRY USES MACHINE SAFETY FOR PROTECTING PLANTS FROM HAZARDS
TABLE 106 MARKET FOR ENERGY & POWER, BY REGION, 20162019 (USD MILLION)
TABLE 107 MARKET FOR ENERGY & POWER, BY REGION, 20202025 (USD MILLION)
9.5.2 IMPACT OF COVID-19 ON ENERGY & POWER INDUSTRY
9.6 FOOD & BEVERAGES
9.6.1 GROWING AUTOMATION IN FOOD & BEVERAGES INDUSTRY NECESSITATING MACHINE SAFETY SYSTEMS DEPLOYMENT
TABLE 108 MARKET FOR FOOD & BEVERAGES, BY REGION, 20162019 (USD MILLION)
TABLE 109 MARKET FOR FOOD & BEVERAGES, BY REGION, 20202025 (USD MILLION)
9.6.2 IMPACT OF COVID-19 ON FOOD & BEVERAGES INDUSTRY
9.7 HEALTHCARE & PHARMACEUTICALS
9.7.1 PHARMACEUTICAL COMPANIES IMPLEMENT MACHINE SAFETY TO PREVENT POTENTIAL HAZARDS
TABLE 110 MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 20162019 (USD MILLION)
TABLE 111 MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 20202025 (USD MILLION)
9.7.2 IMPACT OF COVID-19 ON HEALTHCARE & PHARMACEUTICALS INDUSTRY
9.8 METALS & MINING
9.8.1 MACHINE SAFETY SYSTEMS HELP TO PREVENT HAZARDOUS GAS LEAKAGE IN METALS & MINING INDUSTRY
TABLE 112 MARKET FOR METAL & MINING, BY REGION, 20162019 (USD MILLION)
TABLE 113 MARKET FOR METAL & MINING, BY REGION, 20202025 (USD MILLION)
9.8.2 IMPACT OF COVID-19 ON METALS & MINING INDUSTRY
9.9 OIL & GAS
9.9.1 STANDARDS SUCH AS IEC 61508 AND IEC 61511, AND NORWEGIAN OIL & GAS GUIDELINE 070 MANDATE IMPLEMENTATION OF MACHINE SAFETY EQUIPMENT IN OIL & GAS INDUSTRY
TABLE 114 MARKET FOR OIL & GAS, BY REGION, 20162019 (USD MILLION)
TABLE 115 MARKET FOR OIL & GAS, BY REGION, 20202025 (USD MILLION)
9.9.2 IMPACT OF COVID-19 ON OIL & GAS INDUSTRY
9.10 SEMICONDUCTOR & ELECTRONICS
9.10.1 SAFETY LIGHT CURTAINS ARE EXTENSIVELY USED IN SEMICONDUCTOR INDUSTRY
TABLE 116 MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY REGION, 20162019 (USD MILLION)
TABLE 117 MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY REGION, 20202025 (USD MILLION)
9.10.2 IMPACT OF COVID-19 ON SEMICONDUCTOR INDUSTRY
9.11 OTHERS
TABLE 118 MARKET FOR OTHERS, BY REGION, 20162019 (USD MILLION)
TABLE 119 MARKET FOR OTHERS, BY REGION, 20202025 (USD MILLION)
9.11.1 IMPACT OF COVID-19 ON OTHER INDUSTRIES
10 GEOGRAPHIC ANALYSIS (Page No. - 131)
10.1 INTRODUCTION
FIGURE 26 MACHINE SAFETY MARKET IN APAC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 120 MARKET, BY REGION, 20162019 (USD MILLION)
TABLE 121 MARKET, BY REGION, 20202025 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 27 NORTH AMERICA: SNAPSHOT OF MARKET
TABLE 122 MARKET IN NORTH AMERICA, BY COUNTRY, 20162019 (USD MILLION)
TABLE 123 MARKET IN NORTH AMERICA, BY COUNTRY, 20202025 (USD MILLION)
TABLE 124 MARKET IN NORTH AMERICA, BY COMPONENT, 20162019 (USD MILLION)
TABLE 125 MARKET IN NORTH AMERICA, BY COMPONENT, 20202025 (USD MILLION)
TABLE 126 MARKET IN NORTH AMERICA, BY INDUSTRY, 20162019 (USD MILLION)
TABLE 127 MARKET IN NORTH AMERICA, BY INDUSTRY, 20202025 (USD MILLION)
10.2.1 IMPACT OF COVID-19 ON MARKET IN NORTH AMERICA
10.2.2 US
10.2.2.1 US to continue to hold largest size of market in North America during forecast period
10.2.3 CANADA
10.2.3.1 Strict government regulations to drive market in Canada
10.2.4 MEXICO
10.2.4.1 Abundance of oil & gas reserves in Mexico to offer opportunities for machine safety manufacturers
10.3 EUROPE
FIGURE 28 EUROPE: SNAPSHOT OF MARKET
TABLE 128 MARKET IN EUROPE, BY GEOGRAPHY, 20162019 (USD MILLION)
TABLE 129 MARKET IN EUROPE, BY GEOGRAPHY, 20202025 (USD MILLION)
TABLE 130 MARKET IN EUROPE, BY COMPONENT, 20162019 (USD MILLION)
TABLE 131 MARKET IN EUROPE, BY COMPONENT, 20202025 (USD MILLION)
TABLE 132 MARKET IN EUROPE, BY INDUSTRY, 20162019 (USD MILLION)
TABLE 133 MARKET IN EUROPE, BY INDUSTRY, 20202025 (USD MILLION)
10.3.1 IMPACT OF COVID-19 ON MARKET IN EUROPE
10.3.2 UK
10.3.2.1 Safety regulations propel demand for machine safety systems in UK
10.3.3 GERMANY
10.3.3.1 Germany to hold largest size of market in Europe during forecast period
10.3.4 FRANCE
10.3.4.1 Stringent safety requirements are driving market in France
10.3.5 REST OF EUROPE
10.4 APAC
FIGURE 29 APAC: SNAPSHOT OF MACHINE SAFETY MARKET
TABLE 134 MARKET FOR APAC, BY COUNTRY, 20162019 (USD MILLION)
TABLE 135 MARKET FOR APAC, BY COUNTRY, 20202025 (USD MILLION)
TABLE 136 MARKET IN APAC, BY COMPONENT, 20162019 (USD MILLION)
TABLE 137 MARKET IN APAC, BY COMPONENT, 20202025 (USD MILLION)
TABLE 138 MARKET IN APAC, BY INDUSTRY, 20162019 (USD MILLION)
TABLE 139 MARKET IN APAC, BY INDUSTRY, 20202025 (USD MILLION)
10.4.1 IMPACT OF COVID-19 ON MARKET IN APAC
10.4.2 CHINA
10.4.2.1 Heightened demand from oil & gas and chemicals industries driving market growth in China
10.4.3 JAPAN
10.4.3.1 Fast-growing process industries driving adoption of machine safety products in Japan
10.4.4 INDIA
10.4.4.1 market in India to grow at highest CAGR during forecast period
10.4.5 SOUTH KOREA
10.4.5.1 Stringent law to prevent machine accidents drives market in South Korea
10.4.6 REST OF APAC
10.5 ROW
TABLE 140 MARKET FOR ROW, BY REGION, 20162019 (USD MILLION)
TABLE 141 MARKET FOR ROW, BY REGION, 20202025 (USD MILLION)
TABLE 142 MARKET IN ROW, BY COMPONENT, 20162019 (USD MILLION)
TABLE 143 MARKET IN ROW, BY COMPONENT, 20202025 (USD MILLION)
TABLE 144 MARKET IN ROW, BY INDUSTRY, 20162019 (USD MILLION)
TABLE 145 MARKET IN ROW, BY INDUSTRY, 20202025 (USD MILLION)
10.5.1 IMPACT OF COVID-19 ON MARKET IN ROW
10.5.2 SOUTH AMERICA
10.5.2.1 South America to emerge as lucrative market for machine safety solutions
10.5.3 MIDDLE EAST & AFRICA
10.5.3.1 Middle East held larger size of market for oil & gas industry in 2019
11 COMPETITIVE LANDSCAPE (Page No. - 154)
11.1 OVERVIEW
FIGURE 30 KEY DEVELOPMENTS IN MACHINE SAFETY MARKET (2019 TO 2020)
11.2 MARKET SHARE AND REVENUE ANALYSIS: MACHINE SAFETY MARKET
TABLE 146 MARKET SHARE OF TOP 5 KEY PLAYERS IN MARKET, 2019
11.3 COMPANY EVALUATION QUADRANT
11.3.1 STAR
11.3.2 EMERGING
11.3.3 PERVASIVE
11.3.4 PARTICIPANT
FIGURE 31 MACHINE SAFETY MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2019
11.4 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 32 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
11.5 BUSINESS STRATEGY EXCELLENCE
FIGURE 33 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MARKET
11.6 COMPETITIVE SITUATION & TRENDS
11.6.1 CONTRACTS, AGREEMENTS, AND PARTNERSHIPS
TABLE 147 CONTRACTS, AGREEMENTS, AND PARTNERSHIPS, JOINT VENTURES, 20182020
11.6.2 PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 148 PRODUCT LAUNCHES AND DEVELOPMENTS, 20182020
12 COMPANY PROFILES (Page No. - 162)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 KEY PLAYERS
12.1.1 SCHNEIDER ELECTRIC
FIGURE 34 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
12.1.2 HONEYWELL
FIGURE 35 HONEYWELL: COMPANY SNAPSHOT
12.1.3 ABB
FIGURE 36 ABB: COMPANY SNAPSHOT
12.1.4 ROCKWELL
FIGURE 37 ROCKWELL: COMPANY SNAPSHOT
12.1.5 SIEMENS AG
FIGURE 38 SIEMENS AG: COMPANY SNAPSHOT
12.1.6 OMRON CORPORATION
FIGURE 39 OMRON CORPORATION: COMPANY SNAPSHOT
12.1.7 KEYENCE
FIGURE 40 KEYENCE: COMPANY SNAPSHOT
12.1.8 YOKOGAWA
FIGURE 41 YOKOGAWA: COMPANY SNAPSHOT
12.1.9 EMERSON ELECTRIC
FIGURE 42 EMERSON ELECTRIC: COMPANY SNAPSHOT
12.1.10 GENERAL ELECTRIC
FIGURE 43 GE: COMPANY SNAPSHOT
12.2 RIGHT TO WIN
12.3 OTHER KEY PLAYERS
12.3.1 BALLUFF GMBH
12.3.2 BANNER ENGINEERING
12.3.3 BAUMER
12.3.4 IDEC
12.3.5 SICK AG
12.3.6 MITSUBISHI ELECTRIC
12.3.7 DATALOGIC
12.3.8 PEPPERL+FUCHS
12.3.9 EUCHNER
12.3.10 PILZ
12.3.11 LEUZE ELECTRONICS
12.3.12 FORTRESS INTERLOCKS (HALMA PLC)
12.3.13 KA SCHMERSAL
12.3.14 ROCKFORD SYSTEMS
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13 APPENDIX (Page No. - 197)
13.1 DISCUSSION GUIDEMACHINE SAFETY MARKET
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
The study involves four major activities for estimating the size of the machine safety market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the machine safety market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. The secondary sources used for this research study include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. The secondary data have been sourced from associations such as International Safety Equipment Association, Asia Industrial Gases Association, US Oil & Gas Association, European Automobile Manufacturers' Association, and International Road Safety Association among others.
Primary Research
In the primary research process, primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information, as well as assess prospects. Key players such as such as ABB Ltd. (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Siemens AG (Germany), Yokogawa Electric Corp. (Japan), Omron Corporation (Japan), Keyence Corporation (Japan), Mitsubishi Electric Corporation (Japan), Pilz GmbH & Co. KG (Germany), SICK AG (Germany), Balluff GmbH (Germany), and Banner Engineering Corp. (US), in the machine safety market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as chief executive officers (CEOs), directors, and marketing personnel.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the machine safety market and other dependent submarkets listed in this report.
- The key players in the industry and markets have been identified through extensive secondary research.
- Both the supply chain of the industry and the market size, in terms of value, have been determined through primary and secondary research.
- All percentage shares splits, and breakdowns of different segments have been determined using secondary sources and verified through primary sources.
- The market sizing for post COVID-19 estimations has been made by referring the quarterly financial reports of various companies in their websites and conducting primaries to discuss the impact of COVID-19 on each segment.
Data Triangulation
After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Study Objectives:
- To describe and forecast the machine safety market size, by component, implementation, application, and industry, in terms of value and volume
- To describe and forecast the market size for regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market growth
- To provide a detailed overview of the value chain and ecosystem of the machine safety market
- To analyze opportunities for stakeholders in the machine safety market by identifying its high-growth segments
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to a companys specific need. The following customization options are available for the report.
Company information
- Detailed analysis and profiling of additional market players (up to 5)
- Market share analysis of top 5 suppliers
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Machine Safety Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
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Growth opportunities and latent adjacency in Machine Safety Market