Machine Safety Market

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

Report Code: SE 2053 Nov, 2020, by marketsandmarkets.com

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 devices—safety 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 projected to grow from USD 4.5 billion in 2020 to USD 6.0 billion by 2025, at a CAGR of 6.1% between 2020-2025. A machine safety system prevents or reduces the risk of abnormal process conditions during industrial operations. A machine safety system is engineered to perform specific control functions to maintain safety in a process operation when unacceptable or dangerous situations may occur. Machine safety systems are required in modern-day operations of any industry to ensure uninterrupted, safe, and reliable operations.

Machine Safety Market

Machine Safety Market Forecast to 2025

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The growth of the machine safety market is attributed to the rising emphasis on asset and personnel protection and stringent safety regulations. Companies are adopting safety-certified systems in their production lines to reduce industrial accidents. This help safeguard operators from accidents and offer an emergency shutdown solution in case of breakdown or downtime. Manufacturers are increasingly adopting industrial safety products-such as emergency shutdown devices and safety controller modules, to prevent the probability of occurrence of any possible breakdown or accident.

Machine Safety Market Dynamics:

Driver: Stringent machinery and equipment safety regulations

Mandates for safety play a significant role in the growth of the machine safety market. The US government and governments of countries in Europe are undertaking constructive measures to prevent accidents by enforcing regulations related to personnel and process safety and installing certified equipment, including explosion-proof sensors, switches, and actuators, in hazardous locations. In addition, organizations such as Occupational Safety and Health Administration (OSHA), International Electrotechnical Commission (IEC), International Standard Organization (ISO), and American National Standards Institute (ANSI) have implemented safety standards measures to monitor & enhance the safety situation in industries. Machine safety regulations, such as EU Machinery Directives and North America’s OSHA regulations, have helped drive the growth of the machine safety market.

Restraint: Lack of awareness regarding the importance of machine safety, coupled with the complexities of machine safety systems

One of the major factors hindering the growth of the machine safety market is the lack of awareness about the advantages of using these systems. Emerging economies are still unaware of the availability of safety devices that safeguard machinery and labor. Most manufacturers do not appoint safety experts who advise on adopting safety devices necessary in each machine or process. Even if end users know the benefits of safety devices, their development and integration complexity restricts their implementation. Certified and trained mechanical, electronics, and software engineers and industrial safety management professionals must work cohesively to design robust safety management devices. The challenge is further augmented while installing and validating the system.

Opportunity: Growing acceptance of workplace safety standards in emerging economies

Developed countries, such as the US, the UK, France, Australia, Japan, and the Netherlands, have already adopted workplace safety standards formulated by local and international regulatory bodies. Governments of these countries have implemented stringent laws for industries violating human and equipment safety norms. However, emerging economies are still lagging in terms of the adoption of machine safety systems. It is imperative to note that the manufacturing sector in countries such as South Korea, India, and China has expanded over the past few years due to cheap labor availability. Although awareness regarding occupational safety in these countries is limited, in recent years, worker unions have staged protests to adopt safety standards in industries. Thus, developing countries exhibit high adoption of machine safety systems, likely pushing market growth in the coming years.

Challenge: Failure to access all machinery-related risks

Complete machine guarding requires risk assessment considering inputs from guard designers and machine operators, maintenance personnel, supervisors, engineers, safety professionals, machine guarding experts, and original equipment manufacturer (OEM) representatives. It is difficult for a designer to independently anticipate all potential hazards associated with equipment setup, operation, inspection, and maintenance. Comprehensive planning and execution are required in situations where workers need to access areas inside machine guards.

Machine Safety Market Segment Insights:

Machine Safety Market

Based on component, the programmable safety systems segment is expected to register the highest CAGR during the forecast period

The machine safety market has been segmented based on components into presence sensing safety sensors, safety interlock switches, safety controllers/ modules/relays, programmable safety systems, emergency stop controls, and two-hand safety controls. Programmable safety systems are highly reliable logic solvers that provide fail-safe and fault-tolerant operations. They are an integral part of safety instrumented systems. The growth of this segment can be attributed to the widespread adoption of programmable safety systems in end-user industries. Programmable safety systems or safety PLCs are the backbones of machine safety systems.

Based on the implementation, the individual components segment held the largest share of the machine safety market in 2019

The machine safety market has been segmented by implementation into individual and embedded components. Individual safety components are installed after a risk assessment to identify potential hazards. Individual components are compatible and, therefore, are easy to connect and configure. Also, installing individual components is easy; hence, organizations demand aftermarket installation of individual safety components, resulting in the high implementation of individual components compared with embedded components.

Based on application, the robotics segment dominated the market

The machine safety market has been segmented based on application: assembly, material handling, metalworking, packaging, robotics, and welding. Safety is crucial in the robotics industry. With technological advancements in the robotics industry, new collaborative robots have been introduced; due to this, safety regulations for robotics are being rewritten with new specifications. Machine safety functions such as controlling, limiting, and positioning are indispensable to automated robotic processes.

Based on industry, the energy and power segment dominated the machine safety market

Based on industry, the machine safety market has been segmented into oil & gas, energy & power, aerospace & defense, chemicals, healthcare & pharmaceuticals, metals & mining, semiconductor & electronics, food & beverages, and others. The global energy demand is increasing rapidly. This pushes the energy & power industry to utilize available resources efficiently and reduce asset downtime while enhancing their performance. New techniques reduce the environmental burden of coal-fired power plants and allow higher efficiencies with a better conversion of heat to electrical energy. With technological changes, the requirement for related safety systems is also expected to change; hence, the energy & power sector will likely generate sizable demand for machine safety systems during the forecast period.

Regional Insights:

Based on region, the market in Asia Pacific is expected to register the highest CAGR during the forecast period

APAC is one of the major machine markets in the world. Various factors are responsible for the market's growth in the region, such as increased acceptance of international machine safety standards, rising adoption of automated machines, and the influence of multinational companies in adopting safety systems.

Machine Safety Market by Region

Machine Safety Market by Region

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Besides, the growth of heavily regulated industries such as oil & gas and power has increased the demand for machine safety systems in developing economies, particularly in China and India. Japan is a smaller country in terms of land size but is responsible for huge production output and energy consumption. The safety standards practiced in Japan are strict and focused on the safety of workers in various industries.

Key Market Players:

Some of the major players in the machine safety market are Schneider Electric (France), Honeywell International, Inc. (US), Rockwell Automation, Inc. (US), Siemens (Germany), and ABB (Switzerland). These players have adopted various growth strategies such as product launches and developments, agreements, acquisitions, collaborations, and partnerships to expand their presence in the machine safety market.

Schneider Electric

Schneider Electric offers energy and automation solutions. It also provides hardware, software, and services related to energy management and automation. It is strategically positioned to provide software solutions for visualization and supervisory control, real-time operation management, asset management, and information management in process industry plants. Schneider Electric operates through 2 main business segments: Energy Management and Industrial Automation. The company offers machine safety solutions under its Industrial Automation business segment. The company provides SIL certified safety solutions that ensure the fail-safe performance of controllers. Triconex, a brand of Schneider Electric, provides Trident safety instrumented systems with SIL 3 certification. These will include high scalability, with applications as low as 32 I/O points per system to as high as 40,000 I/O points.

Honeywell International, Inc.

Honeywell International, Inc. is a leading player in the field of industrial automation. The company offers aerospace products and services; control, sensing, and security technologies for homes, buildings, and industry; performance material; and safety and productivity solutions. The company operates through 4 business segments—Aerospace, Performance Material and Technologies, Honeywell Building Technologies, and Safety and Productivity Solutions. It also offers automotive products, specialty chemicals, turbochargers, and electronic materials, including electronic chemicals and polymers, targets, coil sets, metals, and advanced materials, such as environmentally preferable refrigerants and chemical and analytical reagents. Honeywell offers a wide range of solutions related to machine safety through its Safety and Productivity Solutions 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. It also offers safety-related solutions in the manufacturing category, including products such as manufacturing execution systems (MESs), sensors, and switches. The company is well known for its safety solution capabilities, safety life cycle services, and vertical domain expertise. Safety products offered by the company are SIL certified.

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Scope of the Report

Report Metric

Details

Years considered

2016–2025

Base year considered

2019

Forecast period

2020–2025

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

Machine Safety Market Highlights:

Machine Safety Market by Highlights

What is new?

  • Major improvements impacting the business landscape and market forecasts

Machine safety has witnessed numerous technological advancements over the years in terms of plant environment safety. Substantial investments have been made in research & development and machine safety upgrades. The benefits of technological advancements and the expected opportunities significantly impact the value chain of machine safety.

  • Emerging Technology Trends
    • Computer Vision
    • Automated Machine Learning
    • Internet of Things (IoT)
    • Virtual Reality (VR)
  • Additive/refinement in market segmentation–Increase in depth or width of segmentation of the market
  • Machine Safety Market, by Component
    • Presence Sensing Safety Sensors
      • Safety Edges
      • Laser Scanners
      • Safety Light Curtains
      • Safety Mats
      • Other Devices
    • Programmable Safety Systems
    • Safety Controllers/Modules/Relays
    • Safety Interlock Switches
      • Electromechanical
      • Hinge Pin
      • Limit Switches
      • Non-contact Interlock Switches
      • Tongue Interlock Switches
      • Trapped Key Interlock Switches
    • Emergency Stop Controls
      • Push Buttons
      • Rope (Cable) Pull Buttons
    • Two-Hands Safety Controls
  • Machine Safety Market, By Implementation
    • Individual Components
    • Embedded Components
  • Machine Safety Market, by Applications
    • Assembly
    • Robotics
    • Packaging
    • Material Handling
    • Metal Working
    • Others
  • Machine Safety Market, by Industry
    • Aerospace & Defense
    • Automotive
    • Chemicals
    • Energy & Power
    • Food & Beverages
    • Healthcare & Pharmaceuticals
    • Metal & Mining
    • Oil & Gas
    • Semiconductor & Electronics
    • Others
    •  Updated market share of present players and existence of new market players in the machine safety market

    Company profiles: Company profiles give a glimpse of the key players in the market with respect to their business overviews, financials, product offerings, recent developments undertaken by them, and MnM view. In the new edition of the report, we have a total of 25 players (15 major, 10 Startups/SME). Moreover, we have also included brief details on the share of companies operating in the machine safety market and details of the startup matrix.

    • Updated financial information and product portfolios of players operational in the machine safety market

    Newer and improved representation of financial information: The new edition of the report provides updated financial information in the context of the machine safety market till 2021/2022 for each listed company in the graphical representation in a single diagram (instead of multiple tables). This would help to easily analyze the present status of profiled companies in terms of their financial strength, profitability, key revenue-generating region/country, business segment focus in terms of the highest revenue-generating segment, and investment in research and development activities.

    • Recent market developments of the profiled players in the machine safety market

    Recent Developments: Updated market developments such as product launches and developments, agreements, acquisitions, collaborations, partnerships, investments, funding, and certification have been mapped for 2020 to 2022.

    • Any new data points/analysis/frameworks included in the updated version of the report
    • Competitive benchmarking of startups /SMEs covers employee details, financial status, the latest funding round, and total funding.
    • Inclusion of the impact of megatrends on the machine safety market that includes a shift in global climate change, rapid urbanization, greater customization, and disruptive technologies
    • Technology analysis and case studies are added in this edition of the report to give the technological perspective and the significance of the advancements in the machine safety market
    • We have included brief details of patent registrations to overview R&D activities in the machine safety market.
    • The startup evaluation matrix is added in this report, covering drone startups.

    The new edition of the report consists of trends/disruptions in customer business, tariff & regulatory landscape, pricing analysis, and a market ecosystem map to better understand the market dynamics for machine safety.

    Recent Developments

    • In August 2022, Honeywell International Inc. announced the launch of the fire detection and alarm system, namely Morley Max, which helps enhance occupant and building safety. The powerful, compact, performance-driven intelligent fire alarm control panel provides installers and end users with a technically advanced range of simple functions to install, commission, and maintain.
    • In July 2021, Schneider Electric launched the enhanced version of its EcoStruxure TriconexM Safety View. It is the cybersecurity- and dual safety-certified bypass and alarm management software application. It allows the users to see the critical alarm needed to operate the plant safely when risks are high.

    Frequently Asked Questions (FAQs):

    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, 2016–2019 (USD MILLION)
               TABLE 3 MARKET BY COMPONENT, 2020–2025 (USD MILLION)
               TABLE 4 MARKET, BY COMPONENT, 2016–2019 (THOUSAND UNITS)
               TABLE 5 MARKET, BY COMPONENT, 2020–2025 (THOUSAND UNITS)
        6.2 PRESENCE SENSING SAFETY SENSORS
               TABLE 6 PRESENCE SENSING SENSOR MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
               TABLE 7 PRESENCE SENSING SAFETY SENSOR MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
               TABLE 8 PRESENCE SENSING SAFETY SENSOR MARKET, BY TYPE, 2016–2019 (USD MILLION)
               TABLE 9 PRESENCE SENSING SAFETY SENSOR MARKET, BY TYPE, 2020–2025 (USD MILLION)
               TABLE 10 PRESENCE SENSING SAFETY SENSOR MARKET, BY TYPE, 2016–2019 (THOUSAND UNITS)
               TABLE 11 PRESENCE SENSING SENSOR MARKET, BY TYPE, 2020–2025 (THOUSAND UNITS)
               TABLE 12 PRESENCE SENSING SAFETY SENSOR MARKET, BY REGION, 2016–2019 (USD MILLION)
               TABLE 13 PRESENCE SENSING SAFETY SENSOR MARKET, BY REGION, 2020–2025 (USD MILLION)
               TABLE 14 PRESENCE SENSING SAFETY SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 15 PRESENCE SENSING SAFETY SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 16 PRESENCE SENSING SAFETY SENSOR MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 17 PRESENCE SENSING SAFETY SENSOR MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 18 PRESENCE SENSING SAFETY SENSOR MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 19 PRESENCE SENSING SAFETY SENSOR MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 20 PRESENCE SENSING SAFETY SENSOR MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
               TABLE 21 PRESENCE SENSING SAFETY SENSOR MARKET FOR ROW, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 23 PROGRAMMABLE SAFETY SYSTEMS MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                        TABLE 24 PROGRAMMABLE SAFETY SYSTEMS MARKET, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 25 PROGRAMMABLE SAFETY SYSTEMS MARKET, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 26 PROGRAMMABLE SAFETY SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                        TABLE 27 PROGRAMMABLE SAFETY SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                        TABLE 28 PROGRAMMABLE SAFETY SYSTEMS MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                        TABLE 29 PROGRAMMABLE SAFETY SYSTEMS MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                        TABLE 30 PROGRAMMABLE SAFETY SYSTEMS MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
                        TABLE 31 PROGRAMMABLE SAFETY SYSTEMS MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                        TABLE 32 PROGRAMMABLE SAFETY SYSTEMS MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 33 PROGRAMMABLE SAFETY SYSTEMS MARKET IN ROW, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 35 SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                        TABLE 36 SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 37 SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 38 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                        TABLE 39 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                        TABLE 40 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                        TABLE 41 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                        TABLE 42 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
                        TABLE 43 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                        TABLE 44 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN ROW, BY GEOGRAPHY, 2016–2019 (USD MILLION)
                        TABLE 45 SAFETY CONTROLLERS/MODULES/RELAYS MARKET IN ROW, BY GEOGRAPHY, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 47 SAFETY INTERLOCK SWITCHES MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                        TABLE 48 SAFETY INTERLOCK SWITCHES MARKET, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 49 SAFETY INTERLOCK SWITCHES MARKET, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 50 SAFETY INTERLOCK SWITCHES MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                        TABLE 51 SAFETY INTERLOCK SWITCHES MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                        TABLE 52 SAFETY INTERLOCK SWITCHES MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                        TABLE 53 SAFETY INTERLOCK SWITCHES MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                        TABLE 54 SAFETY INTERLOCK SWITCHES MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
                        TABLE 55 SAFETY INTERLOCK SWITCHES MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                        TABLE 56 SAFETY INTERLOCK SWITCHES MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 57 SAFETY INTERLOCK SWITCHES MARKET IN ROW, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
               TABLE 59 EMERGENCY STOP CONTROLS MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
               TABLE 60 EMERGENCY STOP CONTROLS MARKET, BY REGION, 2016–2019 (USD MILLION)
               TABLE 61 EMERGENCY STOP CONTROLS MARKET, BY REGION, 2020–2025 (USD MILLION)
               TABLE 62 EMERGENCY STOP CONTROLS MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 63 EMERGENCY STOP CONTROLS MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 64 EMERGENCY STOP CONTROL MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 65 EMERGENCY STOP CONTROL MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 66 EMERGENCY STOP CONTROL MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 67 EMERGENCY STOP CONTROL MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 68 EMERGENCY STOP CONTROL IN ROW, BY REGION, 2016–2019 (USD MILLION)
               TABLE 69 EMERGENCY STOP CONTROL IN ROW, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 71 TWO-HAND SAFETY CONTROLS MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                        TABLE 72 TWO-HAND SAFETY CONTROL MARKET, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 73 TWO-HAND SAFETY CONTROL MARKET, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 74 TWO-HAND SAFETY CONTROL MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                        TABLE 75 TWO-HAND SAFETY CONTROL MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                        TABLE 76 TWO-HAND SAFETY CONTROL MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                        TABLE 77 TWO-HAND SAFETY CONTROL MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                        TABLE 78 TWO-HAND SAFETY CONTROL MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
                        TABLE 79 TWO-HAND SAFETY CONTROL MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                        TABLE 80 TWO-HAND SAFETY CONTROL MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 81 TWO-HAND SAFETY CONTROL MARKET IN ROW, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
               TABLE 83 MARKET, BY IMPLEMENTATION, 2020–2025 (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, 2016–2019 (USD MILLION)
               TABLE 85 MARKET, BY APPLICATION, 2020–2025 (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, 2016–2019 (USD MILLION)
               TABLE 87 MARKET FOR ASSEMBLY APPLICATION, BY COMPONENT, 2020–2025 (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, 2016–2019 (USD MILLION)
               TABLE 89 MARKET FOR ROBOTICS APPLICATION, BY COMPONENT, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 91 MARKET FOR PACKAGING APPLICATION, BY COMPONENT, 2020–2025 (USD MILLION)
        8.5 MATERIAL HANDLING
               TABLE 92 MARKET FOR MATERIAL HANDLING APPLICATION, BY COMPONENT, 2016–2019 (USD MILLION)
               TABLE 93 MARKET FOR MATERIAL HANDLING APPLICATION, BY COMPONENT, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 95 MARKET FOR METAL WORKING APPLICATION, BY COMPONENT, 2020–2025 (USD MILLION)
        8.7 OTHERS
               TABLE 96 MARKET FOR OTHER APPLICATIONS, BY COMPONENT, 2016–2019 (USD MILLION)
               TABLE 97 MARKET FOR OTHER APPLICATIONS, BY COMPONENT, 2020–2025 (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, 2016–2019 (USD MILLION)
               TABLE 99 MARKET, BY INDUSTRY, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 101 MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 103 MARKET FOR AUTOMOTIVE, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 105 MARKET FOR CHEMICALS, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 107 MARKET FOR ENERGY & POWER, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 109 MARKET FOR FOOD & BEVERAGES, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 111 MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 113 MARKET FOR METAL & MINING, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 115 MARKET FOR OIL & GAS, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
                        TABLE 117 MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY REGION, 2020–2025 (USD MILLION)
               9.10.2 IMPACT OF COVID-19 ON SEMICONDUCTOR INDUSTRY
        9.11 OTHERS
                        TABLE 118 MARKET FOR OTHERS, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 119 MARKET FOR OTHERS, BY REGION, 2020–2025 (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, 2016–2019 (USD MILLION)
                   TABLE 121 MARKET, BY REGION, 2020–2025 (USD MILLION)
         10.2 NORTH AMERICA
                   FIGURE 27 NORTH AMERICA: SNAPSHOT OF MARKET
                   TABLE 122 MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                   TABLE 123 MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                   TABLE 124 MARKET IN NORTH AMERICA, BY COMPONENT, 2016–2019 (USD MILLION)
                   TABLE 125 MARKET IN NORTH AMERICA, BY COMPONENT, 2020–2025 (USD MILLION)
                   TABLE 126 MARKET IN NORTH AMERICA, BY INDUSTRY, 2016–2019 (USD MILLION)
                   TABLE 127 MARKET IN NORTH AMERICA, BY INDUSTRY, 2020–2025 (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, 2016–2019 (USD MILLION)
                   TABLE 129 MARKET IN EUROPE, BY GEOGRAPHY, 2020–2025 (USD MILLION)
                   TABLE 130 MARKET IN EUROPE, BY COMPONENT, 2016–2019 (USD MILLION)
                   TABLE 131 MARKET IN EUROPE, BY COMPONENT, 2020–2025 (USD MILLION)
                   TABLE 132 MARKET IN EUROPE, BY INDUSTRY, 2016–2019 (USD MILLION)
                   TABLE 133 MARKET IN EUROPE, BY INDUSTRY, 2020–2025 (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, 2016–2019 (USD MILLION)
                   TABLE 135 MARKET FOR APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                   TABLE 136 MARKET IN APAC, BY COMPONENT, 2016–2019 (USD MILLION)
                   TABLE 137 MARKET IN APAC, BY COMPONENT, 2020–2025 (USD MILLION)
                   TABLE 138 MARKET IN APAC, BY INDUSTRY, 2016–2019 (USD MILLION)
                   TABLE 139 MARKET IN APAC, BY INDUSTRY, 2020–2025 (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, 2016–2019 (USD MILLION)
                   TABLE 141 MARKET FOR ROW, BY REGION, 2020–2025 (USD MILLION)
                   TABLE 142 MARKET IN ROW, BY COMPONENT, 2016–2019 (USD MILLION)
                   TABLE 143 MARKET IN ROW, BY COMPONENT, 2020–2025 (USD MILLION)
                   TABLE 144 MARKET IN ROW, BY INDUSTRY, 2016–2019 (USD MILLION)
                   TABLE 145 MARKET IN ROW, BY INDUSTRY, 2020–2025 (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, 2018–2020
                 11.6.2 PRODUCT LAUNCHES & DEVELOPMENTS
                           TABLE 148 PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2020

    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 GUIDE—MACHINE 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.

    Machine Safety Market  Size, and Share

    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 company’s 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
    Report Code
    SE 2053
    Published ON
    Nov, 2020
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