Machine Safety Market
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PUBLISHED: 2022 ID: SMRC19094
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Machine Safety Market Forecasts to 2028 – Global Analysis By System (Assembly, Material Handling, Metal Working), Implementation (Individual components, Embedded components), Sales Channel (Direct Channel, Indirect Channel) and By Geography

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4.4 (19 reviews)
Published: 2022 ID: SMRC19094

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Machine Safety Market is accounted for $5.93 billion in 2021 and is expected to reach $11.53 billion by 2028 growing at a CAGR of 9.94% during the forecast period. Machine safety refers to the use of safeguards that are applicable to the machine operators as well as the machinery. For instance, the use of interlocks that can stop the motor if a human being is too close to it. The growing concern for the safety of the workers in the industry has increased the use of machine safety devices.

Market Dynamics:

Driver:

Rise in Workplace Accidents


There is an increase in workplace accidents and the increasing importance of active industrial safety is one of the major factors driving the market growth. Assembling is a quick and continuous procedure that involves the movement of machinery and potentially dangerous equipment. As a result of the increased attention on it, organizations are focusing their efforts on preventing these incidents. Machine protection methods used in these assembly lines operate as a shield, protecting the hazardous portions of a machine and preventing any harm to the human body. Increased adoption and advancements in safety devices such as safety curtains with the integration of light and digital indicators, as well as the development of Industrial Revolution 4.0, can be considered as a potential for Market.

Restraint:

High Cost


The Market is being restricted by the additional costs associated with machine safety technologies. Also, machine safety components, as well as installation, maintenance, and repair charges place a significant strain on the Market Size. Besides, small and mid-sized businesses may find it tough. This factor is a major stumbling block to the market's expansion.

Opportunity:

Growing Use of IIot To Confirm Better Management And Enhanced Performance of Machine Assets


IIoT is offering new opportunities for integrated safety and compliance services. IIoT can acquire data from sensors and send the collected information to monitoring systems. The data is transmitted through wired and wireless networks that provide real-time analysis, alerts, and possible solutions in case of any emergency. Using IIoT, companies can integrate their processes with safety systems and can monitor the same in real-time. IIoT facilitates quick monitoring, analysis, and control, offering virtual management of physical systems, which ultimately results in performance improvement.

Threat:

Complexities of Machine Safety Systems


The lack of awareness regarding the importance of machine safety, coupled and complexities of the machine safety are one of the major threats to the market. The safety devices solve some problems for machine builders and users but also add complexity to the task of deciding what level of safety is required, according to machine builders and system integrators.

Presense sensing safety sensors segment is expected to be the largest during the forecast period

Due to the necessity for security requirements for guarding workers and production units against any accidents mandated by the strict machine safety regulations based on the national and international standards. Additionally, the factors such as the rise in machine revolution 4.0, the growing need for safety light curtains in the packaging industry powered by robotics, and growing incidents of accidents in industries are driving the demand for the segment.

The automotive segment is expected to have the highest CAGR during the forecast period

The growth can be attributed to the increasing population with purchasing power worldwide and the feasibility of easy loans. The increasing implementation of machine safety systems, such as safety switches, safety light curtains, safety sensors, and emergency stop devices for presses, assembly, and material handling applications is motivating the growth of the market for the automotive industry.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, due to the growing investments in the industrial sector in the province. The “Made in China” policy boosts progressive manufacturing, to an improved focus on safety. Additionally, rise in investments in the industrial sector owing to the fast industrialization and urbanization in the province. Additionally, the slow enhancement of technical safety standards, the uninterrupted setting up of personal safety consciousness, and the steady participation of the state and enterprises in market promotion have accelerated the growth of the market in the area.

Region with highest CAGR:

Europe is projected to have the highest CAGR. As Machinery Directive 2006/45/EU is the legislation governing machine safety requirements in Europe. It benefits harmonization with a combination of safety and health requirements. This is a mandatory directive, which ensures the protection of machines and workers in various organizations. This regulatory standard can increase the demand for machine safety systems in the European province.

Key players in the market:

Some of the key players profiled in the Machine Safety  Market include 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., IDEC corporation.

Key developments:

In March 2019: ABB announced that it had upgrades the Ability System 800Xa; it innovated the entire DCS architecture and introduced technologies that shorten timescales for project execution, and enhanced the scalability of the system. In terms of safety, the new system includes support for 2 new safety controllers—PM863 and PM857. Also in combination with new Select I/O safety single-channel modules, it expanded the present capabilities and increased flexibility.

In February 2020: Rockwell Automation launched E100 electronic motor overload relay was launched, which helps prevent motor damage and downtime. The new Allen-Bradley E100 Electronic Motor Overload Relay can help industrial companies better protect their motors and avoid unplanned downtime.

In May 2021: IDEC Corporation announced that had added the SX5E-HU085B 8-port unmanaged industrial Ethernet switch to its product portfolio. The switch supports QoS, IGMP snooping, and broadcast storm protection functionalities and is aligned with the expansion of Ethernet, IoT, and IIoT devices used in critical and challenging commercial and industrial locations.

Systems Covered: 
• Assembly
• Material Handling
• Metal Working
• Packaging
• Robotics 

Implementations Covered:
• Individual components
• Embedded components 

Components Covered:
• Emergency Stop Devices   
• Presence-Sensing Safety Sensors 
• Programmable Safety Systems (Safety PLCs) 
• Safety Controllers/ Modules/Relays  
• Safety Interlock Switches
• Two-Hand Safety Controls
 
Sales Channels Covered:
• Direct Channel
• Indirect Channel

End Users Covered:
• Aerospace & Defense
• Automotive & Transporatation
• Chemicals
• Energy & Power
• Food & Beverages
• Healthcare and Pharmaceuticals
• Metals & Mining
• Oil & Gas
• Semiconductor & Electronics
• Other End Users
 
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary    
     
2 Preface    

 2.1 Abstract   
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology   
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions  
     
3 Market Trend Analysis    
 3.1 Introduction   
 3.2 Drivers   
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats   
 3.6 End User Analysis   
 3.7 Emerging Markets   
 3.8 Impact of Covid-19   
     
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry   
     
5 Global Machine Safety Market, By System    
 5.1 Introduction   
 5.2 Assembly   
 5.3 Material Handling   
 5.4 Metal Working   
 5.5 Packaging   
 5.6 Robotics   
     
6 Global Machine Safety Market, By Implementation    
 6.1 Introduction   
 6.2 Individual components   
 6.3 Embedded components   
     
7 Global Machine Safety Market, By Compoenet    
 7.1 Introduction   
 7.2 Emergency Stop Devices       
  7.2.1 Push Buttons      
  7.2.2 Rope (Cable) Pull Buttons     
 7.3 Presence-Sensing Safety Sensors      
  7.3.1 Laser Scanners      
  7.3.2 Optoelectronic Devices     
  7.3.3 Safety Edges      
  7.3.4 Safety Light Curtains     
   7.3.4.1 Control Units    
   7.3.4.2 Displays     
   7.3.4.3 Enclosures    
   7.3.4.4 Light Emitting Diodes (LEDs)   
   7.3.4.5 Photoelectric Cells    
   7.3.4.6 Safety Mats     
 7.4 Programmable Safety Systems (Safety PLCs)     
 7.5 Safety Controllers/ Modules/Relays      
 7.6 Safety Interlock Switches       
  7.6.1 Electromechanical      
  7.6.2 Hinge Pin       
  7.6.3 Limit       
  7.6.4 Non-Contact      
  7.6.5 Tongue        
  7.6.6 Trapped Key      
 7.7 Two-Hand Safety Controls   
     
8 Global Machine Safety Market, By Sales Channel    
 8.1 Introduction   
 8.2 Direct Channel   
 8.3 Indirect Channel   
     
9 Global Machine Safety Market, By End User    
 9.1 Introduction   
 9.2 Aerospace & Defense   
 9.3 Automotive & Transporatation   
 9.4 Chemicals   
 9.5 Energy & Power   
 9.6 Food & Beverages   
 9.7 Healthcare and Pharmaceuticals   
 9.8 Metals & Mining   
 9.9 Oil & Gas   
 9.10 Semiconductor & Electronics   
 9.11 Other End Users   
  9.11.1 Paper & Pulp  
  9.11.2 Textiles  
  9.11.3 Water & Wastewater  
     
10 Global Machine Safety Market, By Geography    
 10.1 Introduction   
 10.2 North America   
  10.2.1 US  
  10.2.2 Canada  
  10.2.3 Mexico  
 10.3 Europe   
  10.3.1 Germany  
  10.3.2 UK  
  10.3.3 Italy  
  10.3.4 France  
  10.3.5 Spain  
  10.3.6 Rest of Europe  
 10.4 Asia Pacific   
  10.4.1 Japan  
  10.4.2 China  
  10.4.3 India  
  10.4.4 Australia  
  10.4.5 New Zealand  
  10.4.6 South Korea  
  10.4.7 Rest of Asia Pacific  
 10.5 South America   
  10.5.1 Argentina  
  10.5.2 Brazil  
  10.5.3 Chile  
  10.5.4 Rest of South America  
 10.6 Middle East & Africa   
  10.6.1 Saudi Arabia  
  10.6.2 UAE  
  10.6.3 Qatar  
  10.6.4 South Africa  
  10.6.5 Rest of Middle East & Africa  
     
11 Key Developments    
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 11.2 Acquisitions & Mergers   
 11.3 New Product Launch   
 11.4 Expansions   
 11.5 Other Key Strategies   
     
12 Company Profiling    
 12.1 ABB Ltd.   
 12.2 Emerson Electric Co.   
 12.3 General Electric Co.   
 12.4 Honeywell International Inc.   
 12.5 Schneider Electric SE   
 12.6 Rockwell Automation, Inc.   
 12.7 Siemens AG   
 12.8 Yokogawa Electric Corp.   
 12.9 Omron Corporation   
 12.10 Keyence Corporation   
 12.11 Mitsubishi Electric Corporation   
 12.12 Pilz GmbH & Co. KG   
 12.13 Sick AG   
 12.14 Balluff GmbH   
 12.15 Banner Engineering Corp.    
 12.16 IDEC corporation   


List of Tables     
1 Global Machine Safety Market Outlook, By Region (2020-2028) (US $MN)     
2 Global Machine Safety Market Outlook, By System (2020-2028) (US $MN)     
3 Global Machine Safety Market Outlook, By Assembly (2020-2028) (US $MN)     
4 Global Machine Safety Market Outlook, By Material Handling (2020-2028) (US $MN)     
5 Global Machine Safety Market Outlook, By Metal Working (2020-2028) (US $MN)     
6 Global Machine Safety Market Outlook, By Packaging (2020-2028) (US $MN)     
7 Global Machine Safety Market Outlook, By Robotics (2020-2028) (US $MN)     
8 Global Machine Safety Market Outlook, By Implementation (2020-2028) (US $MN)     
9 Global Machine Safety Market Outlook, By Individual components (2020-2028) (US $MN)     
10 Global Machine Safety Market Outlook, By Embedded components (2020-2028) (US $MN)     
11 Global Machine Safety Market Outlook, By Component (2020-2028) (US $MN)     
12 Global Machine Safety Market Outlook, By Emergency Stop Devices (2020-2028) (US $MN)     
13 Global Machine Safety Market Outlook, By Push Buttons (2020-2028) (US $MN)     
14 Global Machine Safety Market Outlook, By Rope (Cable) Pull Buttons (2020-2028) (US $MN)     
15 Global Machine Safety Market Outlook, By Presence-Sensing Safety Sensors (2020-2028) (US $MN)     
16 Global Machine Safety Market Outlook, By Laser Scanners (2020-2028) (US $MN)     
17 Global Machine Safety Market Outlook, By Optoelectronic Devices (2020-2028) (US $MN)     
18 Global Machine Safety Market Outlook, By Safety Edges (2020-2028) (US $MN)     
19 Global Machine Safety Market Outlook, By Safety Light Curtains (2020-2028) (US $MN)     
20 Global Machine Safety Market Outlook, By Programmable Safety Systems (Safety PLCs) (2020-2028) (US $MN)     
21 Global Machine Safety Market Outlook, By Safety Controllers/ Modules/Relays (2020-2028) (US $MN)     
22 Global Machine Safety Market Outlook, By Safety Interlock Switches (2020-2028) (US $MN)     
23 Global Machine Safety Market Outlook, By Electromechanical (2020-2028) (US $MN)     
24 Global Machine Safety Market Outlook, By Hinge Pin (2020-2028) (US $MN)     
25 Global Machine Safety Market Outlook, By Limit (2020-2028) (US $MN)     
26 Global Machine Safety Market Outlook, By Non-Contact (2020-2028) (US $MN)     
27 Global Machine Safety Market Outlook, By Tongue (2020-2028) (US $MN)     
28 Global Machine Safety Market Outlook, By Trapped Key (2020-2028) (US $MN)     
29 Global Machine Safety Market Outlook, By Two-Hand Safety Controls (2020-2028) (US $MN)     
30 Global Machine Safety Market Outlook, By Sales Channel (2020-2028) (US $MN)     
31 Global Machine Safety Market Outlook, By Direct Channel (2020-2028) (US $MN)     
32 Global Machine Safety Market Outlook, By Indirect Channel (2020-2028) (US $MN)     
33 Global Machine Safety Market Outlook, By End User (2020-2028) (US $MN)     
34 Global Machine Safety Market Outlook, By Aerospace & Defense (2020-2028) (US $MN)     
35 Global Machine Safety Market Outlook, By Automotive & Transporatation (2020-2028) (US $MN)     
36 Global Machine Safety Market Outlook, By Chemicals (2020-2028) (US $MN)     
37 Global Machine Safety Market Outlook, By Energy & Power (2020-2028) (US $MN)     
38 Global Machine Safety Market Outlook, By Food & Beverages (2020-2028) (US $MN)     
39 Global Machine Safety Market Outlook, By Healthcare and Pharmaceuticals (2020-2028) (US $MN)     
40 Global Machine Safety Market Outlook, By Metals & Mining (2020-2028) (US $MN)     
41 Global Machine Safety Market Outlook, By Oil & Gas (2020-2028) (US $MN)     
42 Global Machine Safety Market Outlook, By Semiconductor & Electronics (2020-2028) (US $MN)     
43 Global Machine Safety Market Outlook, By Other End Users (2020-2028) (US $MN)     
44 Global Machine Safety Market Outlook, By Paper & Pulp (2020-2028) (US $MN)     
45 Global Machine Safety Market Outlook, By Textiles (2020-2028) (US $MN)     
46 Global Machine Safety Market Outlook, By Water & Wastewater (2020-2028) (US $MN)     
     
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.    

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