Machine Safety Market

The Machine Safety Market is valued at USD 4.32 Billion in 2022 and expected to reach USD 6.58 Billion by 2029 with a CAGR of 6.18% over the forecast period.

Scope of Machine Safety Market

Machine Safety can be defined as the safeguards that are taken, which are applicable to both the machine and individual which is utilizing the machinery to ensure the safety and health of the operators and those around. Numerous types of machine safety are implemented such as emergency stop devices, sensing sensor devices, security interlock switches, and security controllers among others. It also includes detection by the machinery itself and its following changes being made to assure that the worker is not injured.

Machine safety systems are hostilely being used for fire and gas monitoring as they offer a stage to improve operational efficiencies and increase productivity while safeguarding workers. Due to the outbreak of COVID-19, the acceptance of these systems will surge in the future as companies will accept automation to ensure continuity of business operations even during crises.

The market is segmented based on Component, Implementation, Industry and regions. Based on component it is classified as Presence-Sensing Safety Sensors, Safety Controllers/ Modules/Relays, Programmable Safety Systems (Safety PLCs), Safety Interlock Switches and Others. Based on Implementation it is classified as Individual Components and Embedded Components. Based on Industry it is classified as Oil & Gas, Chemicals, Aerospace, Automotive and Others.

The regions covered in this Machine Safety Market report are North America, Europe, Asia-Pacific and Rest of the World. On the base of nation level, the marketplace is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, India, China, Japan, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Global Machine Safety Market Segmentation

By Component

• Presence-Sensing Safety Sensors
• Safety Controllers/ Modules/Relays
• Programmable Safety Systems (Safety PLCs)
• Safety Interlock Switches
• Others

By Implementation

• Individual Components
• Embedded Components

By Industry

• Oil & Gas
• Chemicals
• Aerospace
• Automotive
• Others

Key Players for Machine Safety Market 

Major key players in the global Machine Safety Market are

• ABB Ltd
• Emerson Electric Co
• General Electric Co
• Honeywell International Inc
• Schneider Electric SE
• Rockwell Automation, Inc.
• Siemens AG
• Yokogawa Electric Corp
• Omron Corporation
• Keyence Corporation
• Mitsubishi Electric Corporation
• Pilz GmbH & Co. KG
• Sick AG
• Balluff GmbH
• Banner Engineering Corp
• others

News

Rockwell Automation has launched E100 electronic motor overload relay.

February 2020, Rockwell Automation has launched E100 electronic motor overload relay, which will help to prevent the motor damage and downtime.

The increase in awareness about workplace accidents as well as increasing demand for workplace safety drives the growth of global machine safety market.

With the execution of machine safety equipment, industries are directing on delivering security to the employees as well as keeping the safety of the machinery. Therefore, increasing accidents at workplaces in developed countries are anticipated to drive the growth of the machine safety market over the forecast period.

Growing government regulations on industries for prioritize workplace occupational health to the workers is resultant in the improved importance and deployment of machine safety equipment at workplaces. Also, these factors are resulting in the growing importance of workplace professional health for the employees, thus these regulations are boosting the growth of the global machine safety market. IIoT is contributing new openings for integrated safety and compliance services. IIoT can obtain data from sensors and send the collected data to monitoring systems which in turn expected to create ample opportunities in the machine safety market. 

Machine safety systems are essential to be installed as a safety measure for safeguarding machines, employees and production lines in an emergency situation. Though, the price of machine safety components, and installation, maintenance and repair expenses put a large burden on the organizational budget which is expected to hamper the market growth over the forecast period.

Asia-pacific is expected to dominate Machine Safety Market

Asia-pacific is expected to develop at a significant CAGR due to the growing investments in the industrial sector in the region. The “Made in China” policy boosts progressive manufacturing, to an improved focus on safety. Moreover, increase in investments in the industrial sector owing to the rapid industrialization and urbanization in the region. In addition, the slow improvement of technical safety standards, the continuous establishment of personal safety awareness, and the steady participation of the state and enterprises in market promotion has also accelerated the growth of machine safety market in the region. North America and Europe is expected to develop at a considerable rate with stringent regulatory polices about workplace safety and automation which reduces the human and machine interaction. All the above-mentioned factors are expected to contribute the market growth over the forecast period.

By Regional & Country Analysis

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015 - 2022
Forecast Period	2022 - 2029
Market Size in 2022:	USD 4.32 billion
Base year considered	2021
Forecast Period CAGR %:	6.18%
Market Size Expected in 2029:	USD 6.58 billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Schneider Electric SE, Rockwell Automation, Inc., Siemens AG, Yokogawa Electric Corp., Omron Corporation, Keyence Corporation, Mitsubishi Electric Corporation, Pilz GmbH & Co. KG, Sick AG, Balluff GmbH, Banner Engineering Corp and others
Segments Covered	By Implementation, By Component, By Industry
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa