Machine Safety Market Business Opportunity, Recent Trends, Forecast 2028

1. Machine Safety Market Size Worth USD 7.25 Billion in 2028 www.emergenresearch.com Rapid industrialization and new technological advancements are key factors driving market growth.

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5. Market Summary The global machine safety market is expected to reach a market size of USD 7.25 Billion at a revenue CAGR of 5.3% during the forecast period, according to the latest analysis by Emergen Research. Key factors driving the market growth include strict machine safety regulations by global safety standard agencies such as International Electrotechnical Commission (IEC) and International Organization for Standardization (ISO), and need for efficient and cost effective safety systems for personnel and asset protection. In the age of Industry 4.0, industries are focusing on acquiring advanced machinery in order to increase their productivity. Advanced machineries are required to be monitored on a daily basis to avoid unforeseen incidents such as accidents and breakdowns. This makes machine safety systems a necessity in any industry. www.emergenresearch.com

6. Market Summary • Some Key Highlights From the Report • In May 2020, ABB Ltd. Launched Induction xP Plus actuator for paper and packaging manufacturers. These actuators offer safe caliper control on paper machines calendars. • In February 2020, E100 electric motor overload relay was launched by Rockwell Automation to prevent motor damage and reduce downtime of operation. • Asia Pacific is expected register fastest CAGR during the forecast period, owing to rapid industrialization in countries such as India, Pakistan, China, and Japan. Moreover, government initiatives such as Made in China 2025 and Make in India encourages the establishment of advanced manufacturing units with an increased focus on safety. This creates an opportunity for further market growth in the region. • Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/999 www.emergenresearch.com

7. Market Summary • Emergen Research has segmented global machine safety market based on implementation, component, end use, and region. • Implementation Outlook (Revenue, USD Billion; 2021–2028) • Individual Components • Embedded Components • Component Outlook (Revenue, USD Billion; 2021–2028) • Presence Sensing Safety Sensors • Emergency Stop Devices • Safety Interlock Switches • Safety Controller/Modules/Relays • End-Use Outlook (Revenue, USD Billion; 2021–2028) • Oil and Gas • Electronics and Semiconductors • Automotive • Food and Beverage • Healthcare • Read More@ https://www.emergenresearch.com/industry-report/machine-safety-market

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9. Regional Share Dynamics www.emergenresearch.com

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