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Machine Safety Market Size Growing USD 6.0 Bn by 2025

The global machine safety market size is estimated to be USD 4.5 billion in 2020 and is projected to reach USD 6.0 billion by 2025, at a CAGR of 6.1%. The increasing focus on personal and asset protection and stringent equipment and machinery safety regulations are responsible for the growth of the machine safety market. Additionally, the rising use of IIoT to ensure better management and enhanced performance of industrial assets is also expected to be the major factor for market growth.

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Machine Safety Market Size Growing USD 6.0 Bn by 2025

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  1. MarketsandMarkets Presents Machine Safety Market Size Growing USD 6.0 Bn by 2025 Machine Safety Market with COVID-19 Impact, by Component (Presence Sensing Safety Sensors, Safety PLCs, Safety Modules/Controllers/Relays), Implementation, Application (Assembly, Packaging, Robotics), Industry, and Region - Global Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/machine-safety-market-1188.html

  2. The global machine safety market size is estimated to be USD 4.5 billion in 2020 and is projected to reach USD 6.0 billion by 2025, at a CAGR of 6.1%. The increasing focus on personal and asset protection and stringent equipment and machinery safety regulations are responsible for the growth of the machine safety market. Additionally, the rising use of IIoT to ensure better management and enhanced performance of industrial assets is also expected to be the major factor for market growth. Browse 148 market data Tables and 43 Figures spread through 204 Pages and in-depth TOC on " Machine Safety Market with COVID-19 Impact, by Component (Presence Sensing Safety Sensors, Safety PLCs, Safety Modules/Controllers/Relays), Implementation, Application (Assembly, Packaging, Robotics), Industry, and Region - Global Forecast to 2025"

  3. The presence sensing safety sensors is expected to hold the largest share of the machine safety market. Sensors deployed in a safety system are developed and designed to ensure a safe output based on the signals received from the logic circuits. Safety edges, laser scanners, safety light curtains, safety mats, and optoelectronic devices are some of the presence sensing sensors. Presence sensing safety sensors dominate the machine safety market owing to various factors such as the advent of the fourth industrial revolution, increasing need for safety light curtains in the packaging industry fueled by the implementation of robotics, and rising accidents in industries. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1188 The embedded components segment is expected to hold the highest CAGR during the forecast period. Embedded safety components increase efficiency and provide better flexibility to operators. The embedded components are microprocessor-based security systems designed to perform safety functions. Integrating safety components in machinery is a process in which potential risks are considered, machines are designed for optimum performance, and necessary safety measures are undertaken to improve performance and safety. These systems reduce downtime by safely resolving issues without stopping the entire production line. All these factors are responsible for the growth of the segment.

  4. Assembly application is expected to hold the largest growth rate during the forecast period. A manufacturing assembly line consists of workstations geographically dispersed within the plant. These workstations are connected by a mechanized work transport system that transports parts from one workstation to another. Assembling is a continuous, fast, and precise process; it must be error-free. Moving parts of machinery and other potential hazards can cause harm to workers; therefore, it is necessary to adopt machine safety measures for assembly applications. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1188 Food & Beverage is likely to hold the highest CAGR between 2020 and 2025. The food & beverages industry strives to achieve high quality and consistent production at a low price. This can be achieved by making food & beverage plants more safe, flexible and profitable by choosing an integrated approach of automated safety control systems such as machine safety solutions. The segments growth is attributed to the high demand for safety equipment and stringent safety regulations in the food production and processing industry. As companies become more aware of rules—that are becoming more stringent—there is an increased demand for machine safety systems to achieve safe and efficient operations in food & beverage manufacturing plants.

  5. The machine safety market in North America registered the highest share in 2018. North America captured the largest share of the machine safety market in 2018 owing to the stringent regulations laid down in the US and Canada that are strictly followed across various process industries. The US is expected to hold the largest market, owing to the rising focus on workplace safety in the food & beverages, healthcare & pharmaceuticals, and chemicals industries. The region has stringent machine safety standards, which drive the markets growth. North American safety agencies OSHA and ANSI have also published machine safety guidelines, which have increased the adoption of machine safety systems and services in the region.

  6. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

  7. Contact Us Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 For More Info: https://www.marketsandmarkets.com/PressReleases/machine-safety.asp

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