Market Overview:
The global machine safety market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for safety sensors, safety PLCs, and other related components in various industrial applications. The oil and gas industry is expected to be the fastest-growing application segment during the forecast period. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
Machine Safety is a term used to describe the design and implementation of controls that protect people from harm while working with machines. The importance of machine safety cannot be overstated, as improper use can lead to serious injury or death.
Safety Sensors:
Safety sensors are a new term in the machine safety market and have been evolving over the past few years. The growth factor for this market is increasing awareness among manufacturers about worker safety coupled with growing emphasis on compliance with stringent government norms across various regions.
Safety PLCs:
Safety PLCs are Programmable Logic Controllers that are used in Machine Safety Systems. They help to ensure the safety of industrial machines by performing various functions such as process control, machine monitoring and diagnostics, and human-machine interface among others. These controllers have gained popularity owing to their ability to enhance operational efficiency along with offering enhanced protection against hazards which has further driven the market growth over the past few years.
Application Insights:
The other application segment includes the automotive, food, medical and aerospace sectors. The demand for machine safety in the automotive industry is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to increasing investments by OEMs in order to reduce downtime and maintain high production rates.
The oil & gas sector accounted for over 15% of the global market share in terms of revenue as well as volume in 2017. The growth can be attributed to an increase in offshore oil exploration activities coupled with rising demand for drilling equipment across all major regions including North America, Europe, Asia Pacific and Middle East & Africa. Furthermore, technological advancements such as implementation of Safety Instrumented System (SIS) are expected drive product adoption further driving overall market growth during the forecast period.
Regional Analysis:
Asia Pacific dominated the global machine safety market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrial automation, rising investments in R&D for developing innovative products, and growing awareness about employee health & safety standards. Asia Pacific has witnessed a significant increase in industrial automation over the past few years which has resulted into high demand for machine safety systems across various industries including oil & gas, automotive, food processing etc.
The European market was valued at USD X million in 2017 and is anticipated to grow at an estimated CAGR of XX% from 2018 to 2030 owing to stringent regulatory requirements imposed on several industries by government bodies such as Health & Safety Executive (HSE), European Industrial Automation Association (IAA-EUROFER) along with other associations pertaining employee health & safety standards within their organizations.
Growth Factors:
- Increasing demand for safety in industrial automation
- Rising awareness about machine safety among industrial workers
- Stringent government regulations and standards for machine safety
- Growing demand for smart and safe machines in manufacturing industries
- Technological advancements in machine safety systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Machine Safety Market Research Report
By Type
Safety Sensors, Safety PLCs, Safety Modules, E-Stop Devices
By Application
Oil, Chemical, Aerospace, Semiconductor, Food, Medical, Other
By Companies
Rockwell, Schneider Electric, Mitsubishi Electric, Omron, Pilz, ABB, Honeywell, Siemens, Keyence, Sick, Banner Engineering
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Machine Safety Market Report Segments:
The global Machine Safety market is segmented on the basis of:
Types
Safety Sensors, Safety PLCs, Safety Modules, E-Stop Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil, Chemical, Aerospace, Semiconductor, Food, Medical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Rockwell
- Schneider Electric
- Mitsubishi Electric
- Omron
- Pilz
- ABB
- Honeywell
- Siemens
- Keyence
- Sick
- Banner Engineering
Highlights of The Machine Safety Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Safety Sensors
- Safety PLCs
- Safety Modules
- E-Stop Devices
- By Application:
- Oil
- Chemical
- Aerospace
- Semiconductor
- Food
- Medical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Machine Safety Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Machine safety is the practice of protecting people and equipment from harm caused by machines. It includes ensuring that machines are properly designed, maintained, and operated to prevent injuries or accidents.
Some of the major players in the machine safety market are Rockwell, Schneider Electric, Mitsubishi Electric, Omron, Pilz, ABB, Honeywell, Siemens, Keyence, Sick, Banner Engineering.
The machine safety market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Machine Safety Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Machine Safety Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Machine Safety Market - Supply Chain
4.5. Global Machine Safety Market Forecast
4.5.1. Machine Safety Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Machine Safety Market Size (000 Units) and Y-o-Y Growth
4.5.3. Machine Safety Market Absolute $ Opportunity
5. Global Machine Safety Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Machine Safety Market Size and Volume Forecast by Type
5.3.1. Safety Sensors
5.3.2. Safety PLCs
5.3.3. Safety Modules
5.3.4. E-Stop Devices
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Machine Safety Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Machine Safety Market Size and Volume Forecast by Application
6.3.1. Oil
6.3.2. Chemical
6.3.3. Aerospace
6.3.4. Semiconductor
6.3.5. Food
6.3.6. Medical
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Machine Safety Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Machine Safety Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Machine Safety Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Machine Safety Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Machine Safety Demand Share Forecast, 2019-2026
9. North America Machine Safety Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Machine Safety Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Machine Safety Market Size and Volume Forecast by Application
9.4.1. Oil
9.4.2. Chemical
9.4.3. Aerospace
9.4.4. Semiconductor
9.4.5. Food
9.4.6. Medical
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Machine Safety Market Size and Volume Forecast by Type
9.7.1. Safety Sensors
9.7.2. Safety PLCs
9.7.3. Safety Modules
9.7.4. E-Stop Devices
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Machine Safety Demand Share Forecast, 2019-2026
10. Latin America Machine Safety Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Machine Safety Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Machine Safety Market Size and Volume Forecast by Application
10.4.1. Oil
10.4.2. Chemical
10.4.3. Aerospace
10.4.4. Semiconductor
10.4.5. Food
10.4.6. Medical
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Machine Safety Market Size and Volume Forecast by Type
10.7.1. Safety Sensors
10.7.2. Safety PLCs
10.7.3. Safety Modules
10.7.4. E-Stop Devices
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Machine Safety Demand Share Forecast, 2019-2026
11. Europe Machine Safety Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Machine Safety Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Machine Safety Market Size and Volume Forecast by Application
11.4.1. Oil
11.4.2. Chemical
11.4.3. Aerospace
11.4.4. Semiconductor
11.4.5. Food
11.4.6. Medical
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Machine Safety Market Size and Volume Forecast by Type
11.7.1. Safety Sensors
11.7.2. Safety PLCs
11.7.3. Safety Modules
11.7.4. E-Stop Devices
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Machine Safety Demand Share, 2019-2026
12. Asia Pacific Machine Safety Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Machine Safety Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Machine Safety Market Size and Volume Forecast by Application
12.4.1. Oil
12.4.2. Chemical
12.4.3. Aerospace
12.4.4. Semiconductor
12.4.5. Food
12.4.6. Medical
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Machine Safety Market Size and Volume Forecast by Type
12.7.1. Safety Sensors
12.7.2. Safety PLCs
12.7.3. Safety Modules
12.7.4. E-Stop Devices
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Machine Safety Demand Share, 2019-2026
13. Middle East & Africa Machine Safety Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Machine Safety Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Machine Safety Market Size and Volume Forecast by Application
13.4.1. Oil
13.4.2. Chemical
13.4.3. Aerospace
13.4.4. Semiconductor
13.4.5. Food
13.4.6. Medical
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Machine Safety Market Size and Volume Forecast by Type
13.7.1. Safety Sensors
13.7.2. Safety PLCs
13.7.3. Safety Modules
13.7.4. E-Stop Devices
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Machine Safety Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Machine Safety Market: Market Share Analysis
14.2. Machine Safety Distributors and Customers
14.3. Machine Safety Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Rockwell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schneider Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsubishi Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Omron
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Pilz
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ABB
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Honeywell
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Siemens
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Keyence
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sick
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Banner Engineering
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook