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Machine Safety Market by Product, Implementation, Application, & Region - Global Trend & Forecast to 2020

Machine Safety Market: Forecast until 2020

  • January 2016
  • 161 pages
  • ID: 3596049
In this report:
The market size for safety PLC systems is expected to reach ##.## thousand units by 2020 from ##.## thousand units in 2014, growing at a high CAGR of ##.##% between 2015 and 2020.
The market for safety controllers was ##.## thousand units in 2014 and is expected to reach ##,##.## thousand units by 2020, growing at CAGR of ##.##% between 2015 and 2020.


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"The machine safety market is anticipated to witness significant rise in the next years"

The machine safety market is forecasted to reach ~$5.0B by 2020, at a compound annual growth rate (CAGR) of 7.50 percent from 2015 to 2020. The main driving factor for the increase of this market is the increasing emphasis on industrial safety and proactive safety measures. Additionally, mandatory safety regulations and improvement in performance and brand image of the company are likely to drive the sector for machine safety systems in the next years.

"The industry for integrated components is expected to grow quickly in the next years"

The machine safety market is broken down on the basis of implementation of these systems. The sector for machine integrated safety components is anticipated to rise at the highest CAGR (Compound annual growth rate) in the next years. The machine integrated safety solutions growth efficiency, offer better flexibility to the operators, and reduce downtimes. Accordingly, machine manufacturers focus on embedding safety components in several machines, thereby, offering comprehensive solutions to the users.

"Asia-Pacific is anticipated to be the quickest developing market for machine safety during the outlook period"

The industry in Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) from 2015 to 2020. The main developing countries in the area, China (CN) and India (IN), are anticipated to increasingly adopt the machine safety systems.

Growing emphasis on the machine and industrial safety regulations by different safety standard organizations, increasing industrialization, and rising adoption of safety cultures by multinational firms are estimated to drive the sector for machine safety systems in the territory. The safety regulations in Asia-Pacific are anticipated to become stringent for the organizations to follow. Therefore, the industry in Asia-Pac is likely to grow considerably in the next years.

Distribution of profile of primary members taking part for the analysis as given below:

By Company Type - Tier 1 -49.0 percent, Tier 2 - 27.0 percent, and 1/3 3 - 24.0 percent

By Description - C-suite - 54.0 percent, D-level - 25.0 percent, Grade of manager - 21.0 percent

By area - North america (NA) - 35.0 percent, Europe - 20.0 percent, APAC - 37.0 percent, RoW - 8.0 percent

The top players in the sector contain ABB Ltd. (NYSE:ABB), EUCHNER GMBH CO. KG, Honeywell International, IDEC Corp., Mitsubishi Electric Corp., PHOENIX CONTACT GmbH & Co. KG, Pilz GmbH & Co. KG, Rockwell Automation (NYSE:ROK), Schneider Electric (SU), and Siemens Aktiengesellschaft among others.

Why acquiring this study can help you:

This industry report includes:

- Market statistics pertaining to product, implementation, application, and area

- Porter's five forces framework, utilized along with the value chain study, to offer an exhaustive insight of the machine safety systems market

- Main drivers, market restraints, and alternatives for the machine safety market

- Study, estimate, illustrative segmentation of the market established on product, implementation, application, and area

- Detailed competitive landscape, complete study, and revenue of main actors

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