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2021
Machine Safety Market

Machine Safety Market by Component (Safety Sensors, Safety Interlock Switches, Safety Controller, and Others) Implementation (Individual and Embedded), and Industry Vertical (Oil & Gas, Healthcare, Metals & Mining, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

A13060
Pages: 301
Aug 2021 | 375 Views
   
Author(s) : Divyanshi Tewari
Tables: 117
Charts: 94
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global machine safety market size was valued at $4.83 billion in 2020, and is projected to reach $8.63 billion by 2030, registering a CAGR of 6.1% from 2021 to 2030. 

The emergence of COVID 19 has limited the growth of machine safety market in 2020 and is estimated to witness limited growth till the end of 2021 due to implementation partial and complete lockdown among countries to restrict the pandemic.

Machine safety system monitors health of equipment or machines to reduce its exposure to damage and lengthen its lifecycle. These help in machine guarding, increasing efficiency, and decreasing waste and costly mistakes. These systems are used in oil & gas, automotive, mining & metal, healthcare, and more sectors. 

Machine-Safety-Market

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Surge in demand for presence-sensing safety devices, rise in use of IoT, and increase in emphasis on industrial safety and proactive safety measures drive the machine safety market growth. However, lack of awareness about the importance of machine safety is expected to pose major threats for the market growth. Furthermore, technological advancement in development of machine safety devices are expected to offer lucrative opportunities for the growth of the global machine safety market growth.

According to machine safety market trends, increase in competition and low awareness among small scale manufactures are the key factors hamper the growth of the market share. Rise in awareness for need of machine safety system and surge in need of safety are the factors promote lucrative machine safety market opportunity.

Segmentation

The machine safety market share is segmented on the basis of component, implementation, and industry vertical. By component, the market is divided into safety sensors, safety interlock switches, safety controller, and others.  By implementation, the market is bifurcated into individual and embedded. By industry vertical, the market is analyzed across oil & gas, healthcare, metals & mining, automotive, and others. Region-wise, the machine safety market analysis is studied across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.

The key players profiled in the machine safety industry include Schneider Electric SE, ABB Ltd, Honeywell International Inc., Emerson Electric Co., Rockwell Automation, Inc., Mitsubishi Electric Corporation, Sick AG, Siemens AG, Keyence Corporation, and Omron Corporation. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaborations, to enhance their market penetration.

COVID-19 Banner:

The ongoing spread of COVID-19 has become one of the biggest threats to the global economy and is causing widespread concerns and economic hardship for consumers, businesses, and communities across the globe. The “new normal” that includes social distancing and working from home has created challenges with daily activities, regular work, needs, and supplies, causing delayed initiatives and missed opportunities.

Machine Safety Market
By Component

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Safety Controllers segment is projected as one of the most lucrative segments.

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The COVID-19 pandemic is impacting the society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting the supply chain. This creates uncertainty in the stock market, decreases business confidence, slows supply chain, and increases panic among customers. European countries under lockdown have suffered a major loss of business and revenue due to shutdown of manufacturing units in the region. Operations of production and manufacturing industries have been heavily impacted by the outbreak of COVID-19, which led to slowdown in growth of the machine safety market forecast in 2020.

According to the machine safety market trends, the COVID-19 pandemic has severely impacted the global manufacturing and industrial sectors as production facilities have stalled, which, in turn, led to significant demand in industries.

Machine Safety Market
By Implementation

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Individual segment is projected as one of the most lucrative segments.

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The emergence of COVID-19 has declined the growth of the machine safety market outlook in 2020, and is estimated to witness slow growth till the end of 2021. Implementation of partial or complete lockdown across various countries globally is the prime reason for decline in growth rate. As industries were temporarily shut, it reduced the need for maintenance from various industries.

Top Impacting Factors

Notable factors positively affecting the machine safety market growth include surge in demand for presence-sensing safety devices, rise in use of IoT, and increase in emphasis on industrial safety and proactive safety measures. However, lack of awareness about the importance of machine safety is expected to pose major threats for the machine safety market growth. Furthermore, technological advancement in development of machine safety devices is projected to offer lucrative opportunities for the market growth in the coming years.

Machine Safety Market
By Industry vertical

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Oil and Gas segment is projected as one of the most lucrative segments.

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Surge in demand for presence-sensing safety devices

The most important safety devices used for press brake safety in machines is presence sensing devices. Presence sensing is a technology used for sensing the people, item, and product, in a particular area, machine, and more for machine safeguarding. There are different presence sensing devices used in machines such as photoelectric sensor, occupancy sensor, proximity sensor, and human sensing & motion sensor for sensing. 

Increase in emphasis on industrial safety and proactive safety measures 

Machines improves production efficiency in the workplace. However their moving parts, sharp edges, and hot surfaces can also cause serious injuries to the workers or area. Safety and security of the workers and machines is the topic of concern with the increase in number of accidents in companies, factories, and others. These factors majorly hamper the growth of the machine security market size.

Machine Safety Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 8.0% during 2020-2030

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the machine safety market size along with the current trends and future estimations to depict imminent investment pockets.
  • The overall machine safety market analysis is determined to understand the profitable trends to gain a stronger foothold. 
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The present machine safety market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency. 
  • Porter’s five forces analysis illustrates the potency of the buyers and the sensor market share of key vendors.
  • The report includes the industry trends and the machine security market share of key vendors.

Key Market Segments

By Component

  • Safety Sensors 
  • Safety Interlock Switches 
  • Safety Controller 
  • Others 

By Implementation

  • Individual 
  • Embedded

By Industry Vertical

  • Oil & Gas
  • Healthcare
  • Automotive
  • Metals & Mining 
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe 
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.KEY MARKET SEGMENTS
1.4.RESEARCH METHODOLOGY

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.KEY FINDINGS

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO PERSPECTIVE

CHAPTER 3:MARKET OVERVIEW

3.1.MARKET DEFINITION AND SCOPE
3.2.PORTER’S FIVE FORCES ANALYSIS
3.3.PATENT ANALYSIS

3.3.1.By region (2020-2030)
3.3.2.By applicant

3.4.MARKET DYNAMICS

3.4.1.Drivers

3.4.1.1.Growing demand for presence-sensing safety devices.
3.4.1.2.The growing use of IoT.
3.4.1.3.Increasing emphasis on industrial safety and proactive safety measures.

3.4.2.Restraints

3.4.2.1.Lack of awareness about the importance of machine safety.

3.4.3.Opportunity

3.4.3.1.Growing technological advancement in development of machine safety devices.

3.5.COVID IMPACT

3.5.1.Impact on market size
3.5.2.End user trends, preferences, and budget impact
3.5.3.End user trends, preferences, and budget impact
3.5.4.Parent industry impact
3.5.5.Key player strategies to tackle negative impact

3.5.5.1.Limiting cuts to R&D expense:
3.5.5.2.Focusing on next-generation products
3.5.5.3.Shifting toward agile supply chain model

3.5.6.Opportunity window

CHAPTER 4:MACHINE SAFETY MARKET, BY COMPONENT

4.1.OVERVIEW
4.2.SAFETY SENSORS

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.SAFETY INTERLOCK SWITCHES

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.SAFETY CONTROLLER

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

4.5.OTHER

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country

CHAPTER 5:MACHINE SAFETY MARKET, BY IMPLEMENTATION

5.1.OVERVIEW
5.2.INDIVIDUAL

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.EMBEDDED

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

CHAPTER 6:MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL

6.1.OVERVIEW
6.2.OIL & GAS

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.HEALTHCARE

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.AUTOMOTIVE

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

6.5.METALS & MINING

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country

6.6.OTHERS

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis, by country

CHAPTER 7:MACHINE SAFETY MARKET, BY REGION

7.1.OVERVIEW
7.2.NORTH AMERICA

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by type
7.2.3.Market size and forecast, by implementation
7.2.4.Market size and forecast, by end use
7.2.5.Market analysis, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by component
7.2.5.1.2.Market size and forecast, by implementation
7.2.5.1.3.Market size and forecast, by industry vertical

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by component
7.2.5.2.2.Market size and forecast, by implementation
7.2.5.2.3.Market size and forecast, by industry vertical

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by component
7.2.5.3.2.Market size and forecast, by implementation
7.2.5.3.3.Market size and forecast, by industry vertical

7.3.EUROPE

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by Component
7.3.3.Market size and forecast, by component
7.3.4.Market size and forecast, by industry vertical
7.3.5.Market analysis, by country

7.3.5.1.UK

7.3.5.1.1.Market size and forecast, by component
7.3.5.1.2.Market size and forecast, by implementation
7.3.5.1.3.Market size and forecast, by industry vertical

7.3.5.2.Germany

7.3.5.2.1.Market size and forecast, by component
7.3.5.2.2.Market size and forecast, by implementation
7.3.5.2.3.Market size and forecast, by industry vertical

7.3.5.3.France

7.3.5.3.1.Market size and forecast, by component
7.3.5.3.2.Market size and forecast, by implementation
7.3.5.3.3.Market size and forecast, by industry vertical

7.3.5.4.Rest of Europe

7.3.5.4.1.Market size and forecast, by component
7.3.5.4.2.Market size and forecast, by implementation
7.3.5.4.3.Market size and forecast, by industry vertical

7.4.ASIA-PACIFIC

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by component
7.4.3.Market size and forecast, by implementation
7.4.4.Market size and forecast, by industry vertical
7.4.5.Market analysis, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by component
7.4.5.1.2.Market size and forecast, by implementation
7.4.5.1.3.Market size and forecast, by industry vertical

7.4.5.2.Japan

7.4.5.2.2.Market size and forecast, by component
7.4.5.2.3.Market size and forecast, by implementation
7.4.5.2.4.Market size and forecast, by industry vertical

7.4.5.3.India

7.4.5.3.1.Market size and forecast, by component
7.4.5.3.2.Market size and forecast, by implementation
7.4.5.3.3.Market size and forecast, by industry vertical

7.4.5.4.South Korea

7.4.5.4.2.Market size and forecast, by component
7.4.5.4.3.Market size and forecast, by implementation
7.4.5.4.4.Market size and forecast, by industry vertical

7.4.5.5.Rest of Asia-Pacific Market size and forecast, by component

7.4.5.5.1.Market size and forecast, by implementation
7.4.5.5.2.Market size and forecast, by industry vertical

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by component
7.5.3.Market size and forecast, by implementation
7.5.4.Market size and forecast, by industry vertical
7.5.5.Market analysis, by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by component
7.5.5.1.2.Market size and forecast, by implementation
7.5.5.1.3.Market size and forecast, by industry vertical

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by  component
7.5.5.2.2.Market size and forecast, by implementation

7.5.5.2.3.Market size and forecast, by industry vertical

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by component
7.5.5.3.2.Market size and forecast, by implementation
7.5.5.3.3.Market size and forecast, by industry vertical

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.INTRODUCTION

8.1.1.MARKET PLAYER POSITIONING, 2019

8.2.TOP WINNING STRATEGIES

8.2.1.Top winning strategies, by year
8.2.2.Top winning strategies, by development
8.2.3.Top winning strategies, by company

8.3.COMPETITIVE DASHBOARD
8.4.COMPETITIVE HEATMAP

CHAPTER 9:COMPANY PROFILES

9.1.ABB LTD.

9.1.1.Company overview
9.1.2.Key executives
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio
9.1.6.R&D expenditure
9.1.7.Business performance
9.1.8.Key strategic moves and developments

9.2.EMERSON ELECTRIC CO.

9.2.1.Company overview
9.2.2.Key executives
9.2.3.Company snapshot
9.2.4.Operating business segments
9.2.5.Product portfolio
9.2.6.R&D expenditure
9.2.7.Business performance
9.2.8.Key strategic moves and developments

9.3.HONEYWELL INTERNATIONAL INC.

9.3.1.Company overview
9.3.2.Key executives
9.3.3.Company snapshot
9.3.4.Operating business segments
9.3.5.Product portfolio
9.3.6.R&D expenditure
9.3.7.Business performance

9.4.KEYENCE CORPORATION

9.4.1.Company overview
9.4.2.Key executives
9.4.3.Company snapshot
9.4.4.Operating business segments
9.4.5.Product portfolio
9.4.6.R&D expenditure
9.4.7.Business performance
9.4.8.Key strategic moves and developments

9.5.MITSUBISHI ELECTRIC CORPORATION

9.5.1.Company overview
9.5.2.Key executives
9.5.3.Company snapshot
9.5.4.Operating business segments
9.5.5.Product portfolio
9.5.6.R&D expenditure
9.5.7.Business performance
9.5.8.Key strategic moves and developments

9.6.OMRON CORPORATION

9.6.1.Company overview
9.6.2.Key executives
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.R&D expenditure
9.6.7.Business performance
9.6.8.Key strategic moves and developments

9.7.ROCKWELL AUTOMATION, INC.

9.7.1.Company overview
9.7.2.Key executives
9.7.3.Company snapshot
9.7.4.Operating business segments
9.7.5.Product portfolio
9.7.6.R&D expenditure
9.7.7.Business performance
9.7.8.Key strategic moves and developments

9.8.SCHNEIDER ELECTRIC SE

9.8.1.Company overview
9.8.2.Key executives
9.8.3.Company snapshot
9.8.4.Operating business segments
9.8.5.Product portfolio
9.8.6.R&D expenditure
9.8.7.Business performance
9.8.8.Key strategic moves and developments

9.9.SICK AG

9.9.1.Company overview
9.9.2.Key executives
9.9.3.Company snapshot
9.9.4.Operating business segments
9.9.5.Product portfolio
9.9.6.R&D expenditure
9.9.7.Business performance
9.9.8.Key strategic moves and developments

9.10.SIEMENS AG

9.10.1.Company overview
9.10.2.Key executives
9.10.3.Company snapshot
9.10.4.Operating business segments
9.10.5.Product portfolio
9.10.6.R&D expenditure
9.10.7.Business performance

LIST OF TABLES

TABLE 01.MACHINE SAFETY MARKET SHARE FOR SAFETY SENSOR, BY REGION, 2020-2030 ($MILLION)
TABLE 02.SAFETY INTERLOCK SWITCHES  MACHINE SAFETY MARKET SHARE, BY REGION 2020-2030 ($MILLION)
TABLE 03.SAFETY CONTROLLER MACHINE SAFETY MARKET SHARE, BY REGION 2020-2030 ($MILLION)
TABLE 04.OTHERS MACHINE SAFETY MARKET SHARE, BY REGION 2020-2030 ($MILLION)
TABLE 05.INDIVIDUAL MACHINE SAFETY SHARE, BY REGION, 2020-2030 ($MILLION)
TABLE 06.EMBEDDED MACHINE SAFETY MARKET SHARE, BY REGION 2020-2028 ($MILLION)
TABLE 07.OIL & GAS MACHINE SAFETY MARKET, BY REGION 2020-2030 ($MILLION)
TABLE 08.HEALTHCARE MACHINE SAFETY MARKET, BY REGION 2020-2030 ($MILLION)
TABLE 09.AUTOMOTIVE MACHINE SAFETY MARKET, BY REGION 2020-2030 ($MILLION)
TABLE 10.METALS & MINING MACHINE SAFETY MARKET, BY REGION 2020-2030 ($MILLION)
TABLE 11.OTHERS MACHINE SAFETY MARKET, BY REGION 2020-2030 ($MILLION)
TABLE 12.MACHINE SAFETY MARKET REVENUE, BY REGION, 2020–2030 ($MILLION)
TABLE 13.NORTH AMERICA MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 14.NORTH AMERICA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 15.NORTH AMERICA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 16.U.S. MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 17.U.S. MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 18.U.S. MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 19.CANADA MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 20.CANADA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 21.CANADA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 22.MACHINE SAFETY MARKET, BY COMPONENT 2020–2030 ($MILLION)
TABLE 23.MEXICO MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 24.MEXICO MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 25.EUROPE MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 26.EUROPE MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 27.EUROPE MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 28.UK MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 29.UK MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 30.UK MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 31.GERMANY MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 32.GERMANY MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 33.GERMANY MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 34.FRANCE MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 35.FRANCE MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 36.FRANCE MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 37.REST OF EUROPE MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 38.REST OF EUROPE MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 39.REST OF EUROPE MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 40.ASIA-PACIFIC MAHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 41.ASIA-PACIFIC MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 42.ASIA-PACIFIC MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 43.CHINA MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 44.CHINA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 45.CHINA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 46.JAPAN MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 47.JAPAN MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2028 ($MILLION)
TABLE 48.JAPAN MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 49.INDIA MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 50.INDIA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 51.INDIA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 52.SOTH KOREA MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 53.SOUTH KOREA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 54.SOTH KOREA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 55.REST OF ASIA-PACIFIC MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 56.REST OF ASIA-PACIFIC MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 57.REST OF ASIA-PACIFIC MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 58.LAMEA MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 59.LAMEA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 60.LAMEA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 61.LATIN AMERICA MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 62.LATIN AMERICA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 63.LATIN AMERICA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 64.MIDDLE EAST MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 65.MIDDLE EAST MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 66.MIDDLE EAST MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 67.AFRICA MACHINE SAFETY MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 68.AFRICA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 69.AFRICA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 70.ABB LTD.:KEY EXECUTIVES
TABLE 71.ABB LTD.: COMPANY SNAPSHOT
TABLE 72.ABB LTD.: OPERATING SEGMENTS
TABLE 73.ABB LTD.: PRODUCT PORTFOLIO
TABLE 74.ABB LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 75.EMERSON ELECTRIC CO.:KEY EXECUTIVES
TABLE 76.EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 77.EMERSON ELECTRIC CO.: OPERATING SEGMENTS
TABLE 78.EMERSON ELECTRIC CO.: PRODUCT PORTFOLIO
TABLE 79.EMERSON ELECTRIC CO.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 80.HONEYWELL INTERNATIONAL INC.:KEY EXECUTIVES
TABLE 81.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 82.HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 83.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 84.KEYENCE CORPORATION: KEY EXECUTIVES
TABLE 85.KEYENCE CORPORATION: COMPANY SNAPSHOT
TABLE 86.KEYENCE CORPORATION: OPERATING SEGMENTS
TABLE 87.KEYENCE CORPORATION: PRODUCT PORTFOLIO
TABLE 88.KEYENCE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 89.MITSUBISHI ELECTRIC CORPORATION:KEY EXECUTIVES
TABLE 90.MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 91.MITSUBISHI ELECTRIC CORPORATION: OPERATING SEGMENTS
TABLE 92.MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 93.MITSUBISHI ELECTRIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 94.OMRON CORPORATION:KEY EXECUTIVES
TABLE 95.OMRON CORPORATION: COMPANY SNAPSHOT
TABLE 96.OMRON CORPORATION: OPERATING SEGMENTS
TABLE 97.OMRON CORPORATION: PRODUCT PORTFOLIO
TABLE 98.OMRON CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 99.ROCKWELL AUTOMATION, INC.:KEY EXECUTIVES
TABLE 100.ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT
TABLE 101.ROCKWELL AUTOMATION, INC.: OPERATING SEGMENTS
TABLE 102.ROCKWELL AUTOMATION, INC.: PRODUCT PORTFOLIO
TABLE 103.ROCKWELL AUTOMATION, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104.SCHNEIDER ELECTRIC SE:KEY EXECUTIVES
TABLE 105.SCHNEIDER ELECTRIC SE: COMPANY SNAPSHOT
TABLE 106.SCHNEIDER ELECTRIC SE: OPERATING SEGMENTS
TABLE 107.SCHNEIDER ELECTRIC SE: PRODUCT PORTFOLIO
TABLE 108.SCHNEIDER ELECTRIC SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 109.SICK AG:KEY EXECUTIVES
TABLE 110.SICK AG: COMPANY SNAPSHOT
TABLE 111.SICK AG: OPERATING SEGMENTS
TABLE 112.SICK AG: PRODUCT PORTFOLIO
TABLE 113.SICK AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 114.SIEMENS AG: KEY EXECUTIVES
TABLE 115.SIEMENS AG: COMPANY SNAPSHOT
TABLE 116.SIEMENS AG: OPERATING SEGMENTS
TABLE 117.SIEMENS AG: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENTATION
FIGURE 03.EXECUTIVE SUMMARY, BY REGION
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 07.HIGH THREAT OF NEW ENTRANTS
FIGURE 08.MODERATE TO HIGH THREAT OF SUBSTITUTES
FIGURE 09.MODERATE TO HIGH INTENSITY OF RIVALRY
FIGURE 10.MODERATE BARGAINING POWER OF BUYERS
FIGURE 11.PATENT ANALYSIS, BY COUNTRY
FIGURE 12.PATENT ANALYSIS, BY APPLICANT
FIGURE 13.MACHINE SAFTEY MARKET SHARE, BY COMPONENT, 2020–2030 (%)
FIGURE 14.MACHINE SAFTEY MARKET SHARE, BY COMPONENT, 2020–2030 ($MILLION)
FIGURE 15.COMPARATIVE SHARE ANALYSIS MACHINE SAFETY MARKET FOR SAFETY SENSORS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS SAFETY INTERLOCK SWITCHES MACHINE SAFETY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS SAFETY CONTROLLER MACHINE SAFETY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OTHERS MACHINE SAFETY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 19.MACHINE SAFETY MARKET SHARE, BY IMPLEMENTATION, 2020–2030 (%)
FIGURE 20.MACHINE SAFETY SHARE, BY IMPLEMENTATION, 2020-2030 ($MILLION)
FIGURE 21.COMPARATIVE SHARE ANALYSIS INDIVIDUAL MACHINE SAFETY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS EMBEDDED MACHINE SAFETY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.MACHINE SAFETY MARKET SHARE, BY INDUSTRY VERTICAL, 2020–2030 (%)
FIGURE 24.MACHINE SAFETY MARKET SHARE, BY INDUSTRY VERTICAL, 2020-2030 ($MILLION)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OIL & GAS MACHINE SAFETY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS HEALTHCARE MACHINE SAFETY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS AUTOMOTIVE MACHINE SAFETY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS METALS & MINING MACHINE SAFETY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OTHERS MACHINE SAFETY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 30.MACHINE SAFETY MARKET, BY REGION, 2020-2030 (%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA MACHINE SAFETY MARKET, BY COUNTRY, 2020–2028 (%)
FIGURE 32.U.S. MACHINE SAFETY MARKET, 2020–2030 ($MILLION)
FIGURE 33.CANADA MACHINE SAFETY MARKET, 2020–2030 ($MILLION)
FIGURE 34.MEXICO MACHINE SAFETY MARKET, 2020–2030 ($MILLION)
FIGURE 35.COMPARATIVE SHARE ANALYSIS OF EUROPE MACHINE SAFETY MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 36.UK MACHINE SAFETY MARKET, 2020–2030 ($MILLION)
FIGURE 37.GERMANY MACHINE SAFETY MARKET, 2020–2030 ($MILLION)
FIGURE 38.FRANCE MACHINE SAFETY MARKET, 2020–2030 ($MILLION)
FIGURE 39.REST OF EUROPE MACHINE SAFETY MARKET, 2020–2030 ($MILLION)
FIGURE 40.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC MACHINE SAFETY MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 41.CHINA MACHINE SAFETY MARKET, 2020–2028 ($MILLION)
FIGURE 42.JAPAN MACHINE SAFETY MARKET, 2020–2030 ($MILLION)
FIGURE 43.INDIA MACHINE SAFETY MARKET, 2020–2030 ($MILLION)
FIGURE 44.SINGAPORE MACHINE SAFETY MARKET, 2020–2030 ($MILLION)
FIGURE 45.REST OF ASIA-PACIFIC MACHINE SAFETY MARKET, 2020–2030 ($MILLION)
FIGURE 46.COMPARATIVE SHARE ANALYSIS OF LAMEA MACHINE SAFETY MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 47.LATIN AMERICA MACHINE SAFETY MARKET, 2020–2028 ($MILLION)
FIGURE 48.MIDDLE EAST MACHINE SAFETY MARKET, 2020–2028 ($MILLION)
FIGURE 49.AFRICA MACHINE SAFETY MARKET, 2020–2030 ($MILLION)
FIGURE 50.MARKET PLAYER POSITIONING, 2019
FIGURE 51.TOP WTOP WINNING STRATEGIES, BY YEAR, 2018–2021
FIGURE 52.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2021 (%)
FIGURE 53.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021
FIGURE 54.COMPETITIVE DASHBOARD
FIGURE 55.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 56.ABB LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 57.ABB LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 58.ABB LTD.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 59.ABB LTD.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 60.EMERSON ELECTRIC CO.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 61.EMERSON ELECTRIC CO.: REVENUE, 2018–2020 ($MILLION)
FIGURE 62.EMERSON ELECTRIC CO.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 63.EMERSON ELECTRIC CO.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 64.HONEYWELL INTERNATIONAL INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 65.HONEYWELL INTERNATIONAL INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 66.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 67.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 68.KEYENCE CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 69.KEYENCE CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 70.KEYENCE CORPORATION: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 71.MITSUBISHI ELECTRIC CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 72.MITSUBISHI ELECTRIC CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 73.MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 74.MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 75.OMRON CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 76.OMRON CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 77.OMRON CORPORATION: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 78.OMRON CORPORATION: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 79.ROCKWELL AUTOMATION, INC: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 80.ROCKWELL AUTOMATION, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 81.ROCKWELL AUTOMATION, INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 82.ROCKWELL AUTOMATION, INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 83.SCHNEIDER ELECTRIC SE: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 84.SCHNEIDER ELECTRIC SE: REVENUE, 2018–2020 ($MILLION)
FIGURE 85.SCHNEIDER ELECTRIC SE: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 86.SCHNEIDER ELECTRIC SE: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 87.SICK AG: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 88.SICK AG: REVENUE, 2018–2020 ($MILLION)
FIGURE 89.SICK AG: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 90.SICK AG: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 91.SIEMENS AG: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 92.SIEMENS AG: REVENUE, 2018–2020 ($MILLION)
FIGURE 93.SIEMENS AG: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 94.SIEMENS AG: REVENUE SHARE, BY REGION, 2020 (%)

 
 

The machine safety market is competitive, owing to strong presence of existing vendors. Machine safety vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.

The machine safety market holds a substantial scope for growth on a global scale. Its contribution to the market is anticipated to increase significantly during the forecast period. Recent discoveries and innovations have created vast opportunities for numerous players to step in the machine safety market.

The surge in demand for presence-sensing safety devices, rise in use of IoT, and increase in emphasis on industrial safety and proactive safety measures drive the market growth. Lack of awareness about the importance of machine safety is the biggest limitation for the market growth.

Surge in competition and reduced awareness among small scale manufactures are the key factors that hamper the growth of the market. Increase in awareness for need of machine safety and rise in concern for safety are the factors opportunistic for the market growth.

 

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