The Global Machine Safety Market is attain to reach a market size of $5.6 billion by 2023
According to a new report Global Machine Safety Market, published by KBV research, the Global Machine Safety Market size is expected to reach $5.6 billion by 2023, rising at a market growth of 5.9% CAGR during the forecast period.
The Embedded Component market holds the largest market share in Global Machine Safety Market by Implementation in 2016, and would continue to be a dominant market till 2023. The Individual Component market is expected to witness a CAGR of 7.2% during (2017 – 2023).
The KBV Cardinal Matrix is a visual representation about the key players in the industry.
The matrix is designed considering the major strategic developments including Mergers & Acquisitions, product launches, partnership among others and the financial strength of the company in the considered years. The major strategies followed by the market participants are Product launches and Partnerships & Collaborations.
Source: KBV Research Analysis, Company Publications and Secondary Research
The Europe market holds the largest market share in Global Presence-Sensing Safety Sensors Market by Region in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 4.7 % during the forecast period. The North America market is expected to witness a CAGR of 5.1% during (2017 – 2023) in Global Emergency Stop Devices Market.
Additionally, The Asia Pacific market is expected to witness a CAGR of 6.3% during (2017 – 2023).
The Automotive & Transportation market holds the largest market share in Global Machine Safety Market by End User in 2016, and would continue to be a dominant market till 2023. The Oil & Gas market is expected to witness a CAGR of 5.6% during (2017 – 2023).
Additionally, The Chemicals market would garner market size of $836.0 million by 2023.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Machine Safety Market have been discussed in the report with the competition analysis and elaborated company profiles of Rockwell Automation, Schneider Electric SE, Mitsubishi Electric Corporation, Omron Corporation, ABB Group, Siemens AG, Honeywell International, Inc., SICK AG, Keyence Corporation, and Banner Engineering.
Global Machine Safety Market Size Segmentation
Presence-Sensing Safety Sensors
Emergency Stop Devices
Programmable Safety Systems (Safety PLCs)
Safety Interlock Switches
By End User
Automotive & Transportation
Oil & Gas
Semiconductor & Electronics
Food & Beverages
North America Machine Safety Market Size
US Machine Safety Market Size
Canada Machine Safety Market Size
Mexico Machine Safety Market Size
Rest of Global Machine Safety Market Size
Europe Machine Safety Market
Germany Machine Safety Market
UK Machine Safety Market
France Machine Safety Market
Russia Machine Safety Market
Spain Machine Safety Market
Italy Machine Safety Market
Rest of Europe Machine Safety Market
Asia Pacific Machine Safety Market
China Machine Safety Market
Japan Machine Safety Market
India Machine Safety Market
South Korea Machine Safety Market
Singapore Machine Safety Market
Malaysia Machine Safety Market
Rest of Asia Pacific Machine Safety Market
LAMEA Machine Safety Market
Brazil Machine Safety Market
Argentina Machine Safety Market
UAE Machine Safety Market
Saudi Arabia Machine Safety Market
South Africa Machine Safety Market
Nigeria Machine Safety Market
Rest of LAMEA Machine Safety Market
Schneider Electric SE
Mitsubishi Electric Corporation
Honeywell International, Inc.
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