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Machine Safety Market Trends

  • Report ID: GMI5918
  • Published Date: Jun 2023
  • Report Format: PDF

Machine Safety Market Trends

The rapid adoption of automation & robotics across industries is creating new safety challenges. In an automated environment where machines and humans interact, it is important to ensure worker safety. The integration of advanced safety systems ensures the safety of human-machine cooperation and prevents accidents. Technological advancements have revolutionized the machine safety industry. Innovations including advanced sensors, security controllers, and machine learning algorithms have improved security measures. New technologies drive innovations in technology security solutions by enhancing hazard detection, risk assessment, and real-time monitoring capabilities. The implementation of machine safety measures can help organizations in reducing the costs associated with workplace accidents, medical bills, litigations, and lost productivity. By preventing accidents and increasing work efficiency, companies can save costs and increase the overall profitability.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size machine safety was over USD 5.5 billion in 2022 and will record a CAGR of over 6% between 2023 and 2032.

The individual machine safety industry will record over 8% CAGR during 2023 and 2032 as they play a critical role in detecting potential hazards and initiating safety measures.

Asia Pacific machine safety held a significant share of over 17% in 2022 and will witness over 9.5% CAGR from 2023 by 2032 owing to the need for high levels of safety for workers in industries.

ABB, Banner Engineering, Honeywell International Inc., IDEC Corporation, ISE Controls, KEYENCE CORPORATION, Mitsubishi Electric Corporation, OMRON Corporation, Pepperl+Fuchs, Pilz GmbH & Co. KG, Rockwell Automation, Inc., Schneider Electric, SICK AG, Siemens AG, and Emerson Electric Co.

Machine Safety Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 233
  • Countries covered: 20
  • Pages: 229
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