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Global Machine Safety Market by Component (Presence detection Sensors, Safety Controllers/Modules/Relays, Programmable Safety Systems, Emergency Stop Controls, Two-Hand Safety Controls), Offering, Industry and Region - Forecast to 2029

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    Report

  • 231 Pages
  • February 2024
  • Region: Global
  • Markets and Markets
  • ID: 5205179
The global Machine safety market is expected to grow from USD 5.4 billion in 2024 to USD 7.0 billion by 2029, registering a CAGR of 5.4%. The machine safety sector has experienced notable expansion due to the rise in industrial activities, heightened requirements from oil and gas industries, water treatment, and extensive global infrastructure projects. Advancements in technology, alongside a strong emphasis on enhancing efficiency and dependability in fluid control systems, have been pivotal factors propelling the market's growth.

Sensors segment to grow at highest CAGR in machine safety market

The Sensors segment is experiencing robust growth in the market. The expansion of machine safety sensors is driven by the surge in industrial automation, compliance with stringent safety regulations, continual technological advancements, heightened emphasis on workplace safety, seamless integration with automation systems, and the availability of cost-effective solutions, making them essential components for safeguarding workers and equipment in diverse industries.

Presence Detection Sensors segment accounted for the largest share of the Machine safety market in 2023

The growth of presence detection sensors is fuelled by their integral role in industrial automation, ensuring safety by detecting the presence of humans or objects. As industries emphasize workplace safety, stringent regulations promote the adoption of these sensors. Ongoing technological advancements, such as improved accuracy and integration capabilities, contribute to their increased usage. With a focus on creating safer work environments, the demand for presence detection sensors continues to rise across various sectors globally.

Automotive to hold largest market share in the year 2023

The expansion of the Machine Safety Market within the automotive industry is propelled by the integration of automation and robotics, strict adherence to safety standards, and continuous technological advancements. The sector's commitment to workplace safety underscores the increasing adoption of advanced machine safety solutions for regulatory compliance and cultivating a safety-oriented corporate culture. Furthermore, the cost-effective and productivity-enhancing attributes associated with these solutions contribute significantly to their growing prevalence in the automotive manufacturing sector.

Asia Pacific to be the fastest growing region in the forecast period

In Asia Pacific, the growth of machine safety is propelled by rapid industrialization, increased automation, and a focus on occupational safety. Stringent regulations drive the adoption of advanced safety solutions in manufacturing, construction, and emerging industries. The region's dynamic technological landscape contributes to the integration of cutting-edge safety systems. As businesses prioritize worker safety and comply with evolving standards, the demand for comprehensive machine safety solutions continues to rise, shaping the safety landscape across Asia Pacific.

The break-up of the profiles of primary participants:

  • By Company Type - Tier 1 - 35%, Tier 2 - 30%, and Tier 3 - 35%
  • By Designation - C-level Executives - 45%, Directors - 35%, and Others - 20%
  • By Region - North America - 35%, Europe - 25%, Asia Pacific - 30%, RoW - 10%
The major players in the market are Emerson Electric Co. (US), Schneider Electric (France), Rockwell Automation, Inc. (US), Keyence Corporation (Japan), and Siemens AG (Germany)

Research Coverage

The Machine safety market has been segmented into Offerings, Components, Process Industries, Discrete Industries, and regions. The Machine safety market was studied in North America, Europe, Asia Pacific, and the Rest of the World (RoW). The report describes the major drivers, restraints, challenges, and opportunities of the Machine safety market and forecasts the same till 2029. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the Machine safety ecosystem.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants with information on the closest approximations of the revenue numbers for the Machine safety market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
  • Analysis of Key Drivers (Focus of industrial sector on personnel and asset protection, Enforcement of Stringent machinery and equipment safety regulations, Adoption of automation to improve efficiency and productivity), Restraints (Huge capital requirement to install and automate machine safety systems, Complexities associated with machine safety systems), Opportunities (Increasing awareness about workplace safety standards in emerging economies, Rising use of IIoT to ensure improved performance and extend lifespan of industrial assets), Challenges (Difficulties in designing machine safety products due to ongoing technological advancements, Failure to assess and anticipate all potential risks associated with machinery setup).
  • Product Development/Innovation: Detailed insights on research and development activities and new product launches in the Machine safety market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the Machine safety market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Machine safety market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Schneider Electric (France), Honeywell International, Inc. (US), ABB (Switzerland), Rockwell Automation, Inc. (US), Siemens AG (Germany), OMRON Corporation (Japan), Keyence Corporation (Japan), Yokogawa Electric Corporation (Japan), Emerson Electric Co. (US), General Electric (US), Mitsubishi Electric Corporation (Japan), Sick AG (Germany), HIMA (Germany), IDEC Corporation (Japan)among others in the Machine safety market.
Frequently Asked Questions about the Global Machine Safety Market

What is the estimated value of the Global Machine Safety Market?

The Global Machine Safety Market was estimated to be valued at $5.4 Billion in 2024.

What is the growth rate of the Global Machine Safety Market?

The growth rate of the Global Machine Safety Market is 5.4%, with an estimated value of $7 Billion by 2029.

What is the forecasted size of the Global Machine Safety Market?

The Global Machine Safety Market is estimated to be worth $7 Billion by 2029.

Who are the key companies in the Global Machine Safety Market?

Key companies in the Global Machine Safety Market include Schneider Electric, Honeywell International Inc., ABB, Rockwell Automation, Inc., Siemens, Omron Corporation, Keyence Corporation, Yokogawa Electric Corporation, Emerson Electric Co. and General Electric.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency Considered
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
1.7.1 Recession Impact Analysis
2 Research Methodology
2.1 Research Data
Figure 1 Research Design
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.1.2.2 Key Data from Primary Sources
2.1.3 Primary and Secondary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
Figure 2 Revenue Generated by Companies in Machine Safety Market
2.2.1 Bottom-Up Approach
2.2.1.1 Approach to Arrive at Market Size Using Bottom-Up Analysis (Supply-Side)
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach to Arrive at Market Size Using Top-Down Analysis (Demand-Side)
Figure 4 Market Size Estimation Methodology: Top-Down Approach
2.3 Data Triangulation
Figure 5 Data Triangulation
2.4 Research Assumptions
Figure 6 Research Assumptions
2.5 Impact Analysis of Recession on Machine Safety Market
2.6 Risk Assessment
3 Executive Summary
Figure 7 Systems to Hold Largest Market Share in 2024
Figure 8 Programmable Safety Systems to be Fastest-Growing Segment During Forecast Period
Figure 9 Process Industries to Secure Leading Market Position During Forecast Period
Figure 10 Food & Beverage to be Largest Process Industry During Forecast Period
Figure 11 Aerospace to be Largest Discrete Industry During Forecast Period
Figure 12 Asia-Pacific to be Fastest-Growing Region During Forecast Period
4 Premium Insights
4.1 Attractive Opportunities for Players in Machine Safety Market
Figure 13 Surge in Industrial Automation to Drive Growth
4.2 Machine Safety Market, by Offering
Figure 14 Systems to Surpass Sensors During Forecast Period
4.3 Machine Safety Market, by Component
Figure 15 Presence Detection Sensors to be Largest Segment During Forecast Period
4.4 Machine Safety Market, by Industry
Figure 16 Process Industries to Exhibit Fastest Growth During Forecast Period
4.5 Machine Safety Market, by Country
Figure 17 India to Record Highest CAGR During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 18 Machine Safety Market Dynamics
5.2.1 Drivers
5.2.1.1 Focus of Industrial Sector on Personnel and Asset Protection
5.2.1.2 Enforcement of Stringent Machinery and Equipment Safety Regulations
5.2.1.3 Adoption of Automation to Improve Efficiency and Productivity
Figure 19 Machine Safety Market: Impact Analysis of Drivers
5.2.2 Restraints
5.2.2.1 Huge Capital Requirement for Installing and Automating Machine Safety Systems
5.2.2.2 Complexities Associated with Machine Safety Systems
Figure 20 Machine Safety Market: Impact Analysis of Restraints
5.2.3 Opportunities
5.2.3.1 Increasing Awareness About Workplace Safety Standards in Emerging Economies
5.2.3.2 Rising Use of IIoT to Ensure Improved Performance and Prolonged Lifespan of Industrial Assets
Figure 21 Machine Safety Market: Impact Analysis of Opportunities
5.2.4 Challenges
5.2.4.1 Difficulties in Designing Machine Safety Products due to Continuous Technological Advancements
5.2.4.2 Failure to Assess Potential Risks Associated with Machinery Setup
Figure 22 Machine Safety Market: Impact Analysis of Challenges
5.3 Supply Chain Analysis
Figure 23 Supply Chain Analysis
5.3.1 Raw Material Providers
5.3.2 Component Manufacturers
5.3.3 System Integrators
5.3.4 Distributors and Retailers
5.3.5 End-users
5.3.6 Post-Sales Service Providers
5.4 Ecosystem Mapping
Figure 24 Ecosystem Mapping
Table 1 Role of Companies in Ecosystem
5.5 Pricing Analysis
Table 2 Average Selling Price of Machine Safety Components Offered by Key Players (USD)
Figure 25 Average Selling Price of Machine Safety Components Offered by Key Players (USD)
Figure 26 Average Selling Price of Machine Safety Systems, 2023-2028 (USD)
Table 3 Average Selling Price of Machine Safety Systems, by Region (USD)
5.6 Trends and Disruptions Impacting Customers’ Businesses
Figure 27 Trends and Disruptions Impacting Customers’ Businesses
5.7 Porter's Five Forces Analysis
Figure 28 Porter's Five Forces Analysis
Table 4 Porter's Five Forces Analysis
5.7.1 Threat of New Entrants
5.7.2 Threat of Substitutes
5.7.3 Bargaining Power of Suppliers
5.7.4 Bargaining Power of Buyers
5.7.5 Intensity of Competitive Rivalry
5.8 Case Studies
5.8.1 Elopak Installs Aseptic Filling Machine for Gable Top Packaging with Robust Pneumatics from Emerson Aventics
5.8.2 Mp Equipment Collaborates with Rockwell Automation Safety Consultants to Re-Evaluate Protein Portioning Machine Design
5.8.3 Mollart Engineering Selects Procter Machine Safety's Enclosed Guards to Install in Its Machine Tools
5.9 Technology Trends
5.9.1 Computer Vision
5.9.2 Automated Machine Learning (Automl)
5.9.3 Internet of Things (IoT)
5.9.4 Virtual Reality (VR)
5.10 Key Stakeholders and Buying Criteria
5.10.1 Stakeholders in Buying Process
Figure 29 Influence of Stakeholders on Buying Process of Machine Safety Systems, by Industry
Table 5 Influence of Stakeholders on Buying Process of Machine Safety Systems, by Industry (%)
5.10.2 Buying Criteria
Figure 30 Buying Criteria for Machine Safety Systems, by Industry
Table 6 Buying Criteria for Machine Safety Systems, by Industry
5.11 Trade Analysis
Figure 31 Import Data for HS Code 8536, by Country, 2018-2022 (USD Million)
Figure 32 Export Data for HS Code 8536, by Country, 2018-2022 (USD Million)
5.12 Patent Analysis
Figure 33 Top Patent Applicants, 2014-2023
Figure 34 Number of Patents Published, 2014-2023
Table 7 Top Patent Owners, 2014-2023
Table 8 Patent Analysis
5.13 Key Conferences and Events, 2024-2025
Table 9 Key Conferences and Events, 2024-2025
5.14 Standards Related to Machine Safety
5.14.1 Iec 61508
5.14.2 Iec 61511
5.14.3 Iec 62061
5.15 Regulatory Landscape
Table 10 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Rest of the World: Regulatory Bodies, Government Agencies, and Other Organizations
6 Machine Safety Market, by Implementation
6.1 Introduction
Figure 35 Machine Safety Market, by Implementation
6.2 Individual
6.3 Embedded
7 Machine Safety Market, by Sales Channel
7.1 Introduction
Figure 36 Machine Safety Market, by Sales Channel
7.2 Direct
7.3 Indirect
8 Machine Safety Market, by Application
8.1 Introduction
Figure 37 Machine Safety Market, by Application
8.2 Assembly
8.3 Robotics
8.4 Packaging
8.5 Material Handling
8.6 Metalworking
8.7 Welding & Shielding
9 Machine Safety Market, by Offering
9.1 Introduction
Figure 38 Machine Safety Market, by Offering
Figure 39 Systems to Dominate Market During Forecast Period
Table 14 Machine Safety Market, by Offering, 2020-2023 (USD Million)
Table 15 Machine Safety Market, by Offering, 2024-2029 (USD Million)
9.2 Systems
9.2.1 Compliance with Stringent Safety Standards to Drive Growth
9.3 Sensors
9.3.1 Advancements in Technology to Drive Growth
10 Machine Safety Market, by Component
10.1 Introduction
Figure 40 Machine Safety Market, by Component
Figure 41 Presence Detection Sensors to Dominate Market During Forecast Period
Table 16 Machine Safety Market, by Component, 2020-2023 (USD Million)
Table 17 Machine Safety Market, by Component, 2024-2029 (USD Million)
Table 18 Machine Safety Market, by Component, 2020-2023 (Thousand Units)
Table 19 Machine Safety Market, by Component, 2024-2029 (Thousand Units)
10.2 Presence Detection Sensors
10.2.1 Advent of Industry 4.0 and Industrial Internet of Things to Drive Growth
Table 20 Presence Detection Sensors: Machine Safety Market, by Process Industry, 2020-2023 (USD Million)
Table 21 Presence Detection Sensors: Machine Safety Market, by Process Industry, 2024-2029 (USD Million)
Table 22 Presence Detection Sensors: Machine Safety Market, by Discrete Industry, 2020-2023 (USD Million)
Table 23 Presence Detection Sensors: Machine Safety Market, by Discrete Industry, 2024-2029 (USD Million)
Table 24 Presence Detection Sensors: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 25 Presence Detection Sensors: Machine Safety Market, by Region, 2024-2029 (USD Million)
10.2.1.1 Safety Edges
10.2.1.2 Laser Scanners
10.2.1.3 Safety Light Curtains
10.2.1.3.1 Light-Emitting Diodes (Leds)
10.2.1.3.2 Photoelectric Cells
10.2.1.3.3 Control Units
10.2.1.3.4 Displays
10.2.1.3.5 Enclosures
10.2.1.4 Safety Mats
10.2.1.5 Other Devices
10.3 Programmable Safety Systems
10.3.1 Rising Adoption of Programmable Logic Controllers to Drive Growth
Table 26 Programmable Safety Systems: Machine Safety Market, by Process Industry, 2020-2023 (USD Million)
Table 27 Programmable Safety Systems: Machine Safety Market, by Process Industry, 2024-2029 (USD Million)
Table 28 Programmable Safety Systems: Machine Safety Market, by Discrete Industry, 2020-2023 (USD Million)
Table 29 Programmable Safety Systems: Machine Safety Market, by Discrete Industry, 2024-2029 (USD Million)
Table 30 Programmable Safety Systems: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 31 Programmable Safety Systems: Machine Safety Market, by Region, 2024-2029 (USD Million)
10.4 Safety Controllers/Modules/Relays
10.4.1 Expanding Product Portfolio of Manufacturing Companies to Drive Growth
Table 32 Safety Controllers/Modules/Relays: Machine Safety Market, by Process Industry, 2020-2023 (USD Million)
Table 33 Safety Controllers/Modules/Relays: Machine Safety Market, by Process Industry, 2024-2029 (USD Million)
Table 34 Safety Controllers/Modules/Relays: Machine Safety Market, by Discrete Industry, 2020-2023 (USD Million)
Table 35 Safety Controllers/Modules/Relays: Machine Safety Market, by Discrete Industry, 2024-2029 (USD Million)
Table 36 Safety Controllers/Modules/Relays: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 37 Safety Controllers/Modules/Relays: Machine Safety Market, by Region, 2024-2029 (USD Million)
10.5 Safety Interlock Switches
10.5.1 Government Intervention for Equipment and Personnel Safety to Drive Growth
10.5.1.1 Electromechanical Switches
10.5.1.2 Hinge Pin Switches
10.5.1.3 Limit Switches
10.5.1.4 Non-Contact Interlock Switches
10.5.1.5 Tongue Interlock Switches
10.5.1.6 Trapped Key Interlock Switches
Table 38 Safety Interlock Switches: Machine Safety Market, by Process Industry, 2020-2023 (USD Million)
Table 39 Safety Interlock Switches: Machine Safety Market, by Process Industry, 2024-2029 (USD Million)
Table 40 Safety Interlock Switches: Machine Safety Market, by Discrete Industry, 2020-2023 (USD Million)
Table 41 Safety Interlock Switches: Machine Safety Market, by Discrete Industry, 2024-2029 (USD Million)
Table 42 Safety Interlock Switches: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 43 Safety Interlock Switches: Machine Safety Market, by Region, 2024-2029 (USD Million)
10.6 Emergency Stop Controls
10.6.1 Need to Prevent Potential Hazards in Industrial Settings to Drive Growth
Table 44 Emergency Stop Controls: Machine Safety Market, by Process Industry, 2020-2023 (USD Million)
Table 45 Emergency Stop Controls: Machine Safety Market, by Process Industry, 2024-2029 (USD Million)
Table 46 Emergency Stop Controls: Machine Safety Market, by Discrete Industry, 2020-2023 (USD Million)
Table 47 Emergency Stop Controls: Machine Safety Market, by Discrete Industry, 2024-2029 (USD Million)
Table 48 Emergency Stop Controls: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 49 Emergency Stop Controls: Machine Safety Market, by Region, 2024-2029 (USD Million)
10.6.1.1 Push Buttons
10.6.1.2 Rope Pull Buttons
10.7 Two-Hand Safety Controls
10.7.1 Emphasis on Workplace Safety to Drive Growth
Table 50 Two-Hand Safety Controls: Machine Safety Market, by Process Industry, 2020-2023 (USD Million)
Table 51 Two-Hand Safety Controls: Machine Safety Market, by Process Industry, 2024-2029 (USD Million)
Table 52 Two-Hand Safety Controls: Machine Safety Market, by Discrete Industry, 2020-2023 (USD Million)
Table 53 Two-Hand Safety Controls: Machine Safety Market, by Discrete Industry, 2024-2029 (USD Million)
Table 54 Two-Hand Safety Controls: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 55 Two-Hand Safety Controls: Machine Safety Market, by Region, 2024-2029 (USD Million)
11 Machine Safety Market, by Industry
11.1 Introduction
Figure 42 Machine Safety Market, by Industry
Figure 43 Process Industries to Dominate Market During Forecast Period
Table 56 Machine Safety Market, by Industry, 2020-2023 (USD Million)
Table 57 Machine Safety Market, by Industry, 2024-2029 (USD Million)
11.2 Process Industries
Table 58 Process Industries: Machine Safety Market, by Type, 2020-2023 (USD Million)
Table 59 Process Industries: Machine Safety Market, by Type, 2024-2029 (USD Million)
11.2.1 Chemical
11.2.1.1 Focus on Improving Operational Efficiency to Drive Growth
Table 60 Chemical: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 61 Chemical: Machine Safety Market, by Region, 2024-2029 (USD Million)
11.2.2 Food & Beverage
11.2.2.1 Automation in Food Processing Plants to Drive Growth
Table 62 Food & Beverage: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 63 Food & Beverage: Machine Safety Market, by Region, 2024-2029 (USD Million)
11.2.3 Metal & Mining
11.2.3.1 Installation of Machine Safety Systems for Prevention of Gas Leakage to Drive Growth
Table 64 Metal & Mining: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 65 Metal & Mining: Machine Safety Market, by Region, 2024-2029 (USD Million)
11.2.4 Oil & Gas
11.2.4.1 Stringent Safety Regulations and Standards to Drive Growth
Table 66 Oil & Gas: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 67 Oil & Gas: Machine Safety Market, by Region, 2024-2029 (USD Million)
11.2.5 Pharmaceutical
11.2.5.1 Deployment of Machine Safety Solutions to Enhance Productivity to Drive Growth
Table 68 Pharmaceutical: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 69 Pharmaceutical: Machine Safety Market, by Region, 2024-2029 (USD Million)
11.2.6 Power Generation
11.2.6.1 Improved Awareness About Safety to Drive Growth
Table 70 Power Generation: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 71 Power Generation: Machine Safety Market, by Region, 2024-2029 (USD Million)
11.2.7 Other Process Industries
Table 72 Other Process Industries: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 73 Other Process Industries: Machine Safety Market, by Region, 2024-2029 (USD Million)
11.3 Discrete Industries
Table 74 Discrete Industries: Machine Safety Market, by Type, 2020-2023 (USD Million)
Table 75 Discrete Industries: Machine Safety Market, by Type, 2024-2029 (USD Million)
11.3.1 Aerospace
11.3.1.1 Innovations in Aerospace Manufacturing Plants to Drive Growth
Table 76 Aerospace: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 77 Aerospace: Machine Safety Market, by Region, 2024-2029 (USD Million)
11.3.2 Automotive
11.3.2.1 Rising Use of Machine Safety Systems in Automobiles to Drive Growth
Table 78 Automotive: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 79 Automotive: Machine Safety Market, by Region, 2024-2029 (USD Million)
11.3.3 Semiconductor & Electronics
11.3.3.1 Need for High Precision in Manufacturing to Drive Growth
Table 80 Semiconductor & Electronics: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 81 Semiconductor & Electronics: Machine Safety Market, by Region, 2024-2029 (USD Million)
11.3.4 Other Discrete Industries
Table 82 Other Discrete Industries: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 83 Other Discrete Industries: Machine Safety Market, by Region, 2024-2029 (USD Million)
12 Machine Safety Market, by Region
12.1 Introduction
Figure 44 Machine Safety Market, by Region
Figure 45 Europe to Dominate Market for Machine Safety During Forecast Period
Table 84 Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 85 Machine Safety Market, by Region, 2024-2029 (USD Million)
12.2 North America
12.2.1 Recession Impact Analysis
Figure 46 North America: Machine Safety Market Snapshot
Table 86 North America: Machine Safety Market, by Country, 2020-2023 (USD Million)
Table 87 North America: Machine Safety Market, by Country, 2024-2029 (USD Million)
Table 88 North America: Machine Safety Market, by Component, 2020-2023 (USD Million)
Table 89 North America: Machine Safety Market, by Component, 2024-2029 (USD Million)
Table 90 North America: Machine Safety Market, by Process Industry, 2020-2023 (USD Million)
Table 91 North America: Machine Safety Market, by Process Industry, 2024-2029 (USD Million)
Table 92 North America: Machine Safety Market, by Discrete Industry, 2020-2023 (USD Million)
Table 93 North America: Machine Safety Market, by Discrete Industry, 2024-2029 (USD Million)
12.2.2 US
12.2.2.1 Rise in Installation of Safety-Related Systems to Drive Growth
12.2.3 Canada
12.2.3.1 Enforcement of Stringent Government Regulations for Workplace Safety to Drive Growth
12.2.4 Mexico
12.2.4.1 Advancements in Machine Safety Technologies to Drive Growth
12.3 Europe
12.3.1 Recession Impact Analysis
Figure 47 Europe: Machine Safety Market Snapshot
Table 94 Europe: Machine Safety Market, by Country, 2020-2023 (USD Million)
Table 95 Europe: Machine Safety Market, by Country, 2024-2029 (USD Million)
Table 96 Europe: Machine Safety Market, by Component, 2020-2023 (USD Million)
Table 97 Europe: Machine Safety Market, by Component, 2024-2029 (USD Million)
Table 98 Europe: Machine Safety Market, by Process Industry, 2020-2023 (USD Million)
Table 99 Europe: Machine Safety Market, by Process Industry, 2024-2029 (USD Million)
Table 100 Europe: Machine Safety Market, by Discrete Industry, 2020-2023 (USD Million)
Table 101 Europe: Machine Safety Market, by Discrete Industry, 2024-2029 (USD Million)
12.3.2 UK
12.3.2.1 Robust Legal Framework for Workplace Safety to Drive Growth
12.3.3 Germany
12.3.3.1 Automation in Manufacturing Processes to Drive Growth
12.3.4 France
12.3.4.1 Implementation of Occupational Health and Safety Policies to Drive Growth
12.3.5 Rest of Europe
12.4 Asia-Pacific
12.4.1 Recession Impact Analysis
Figure 48 Asia-Pacific: Machine Safety Market Snapshot
Table 102 Asia-Pacific: Machine Safety Market, by Country, 2020-2023 (USD Million)
Table 103 Asia-Pacific: Machine Safety Market, by Country, 2024-2029 (USD Million)
Table 104 Asia-Pacific: Machine Safety Market, by Component, 2020-2023 (USD Million)
Table 105 Asia-Pacific: Machine Safety Market, by Component, 2024-2029 (USD Million)
Table 106 Asia-Pacific: Machine Safety Market, by Process Industry, 2020-2023 (USD Million)
Table 107 Asia-Pacific: Machine Safety Market, by Process Industry, 2024-2029 (USD Million)
Table 108 Asia-Pacific: Machine Safety Market, by Discrete Industry, 2020-2023 (USD Million)
Table 109 Asia-Pacific: Machine Safety Market, by Discrete Industry, 2024-2029 (USD Million)
12.4.2 China
12.4.2.1 Adoption of Advanced Manufacturing Technologies by Domestic Manufacturers to Drive Growth
12.4.3 Japan
12.4.3.1 Expanding Process Industries to Drive Growth
12.4.4 India
12.4.4.1 Power for All and Make in India Initiatives to Drive Growth
12.4.5 South Korea
12.4.5.1 Increasing Investments in Machine Safety Solutions to Drive Growth
12.4.6 Rest of Asia-Pacific
12.5 Rest of the World
12.5.1 Recession Impact Analysis
Figure 49 South America to Register Highest CAGR During Forecast Period
Table 110 Rest of the World: Machine Safety Market, by Region, 2020-2023 (USD Million)
Table 111 Rest of the World: Machine Safety Market, by Region, 2024-2029 (USD Million)
Table 112 Rest of the World: Machine Safety Market, by Component, 2020-2023 (USD Million)
Table 113 Rest of the World: Machine Safety Market, by Component, 2024-2029 (USD Million)
Table 114 Rest of the World: Machine Safety Market, by Process Industry, 2020-2023 (USD Million)
Table 115 Rest of the World: Machine Safety Market, by Process Industry, 2024-2029 (USD Million)
Table 116 Rest of the World: Machine Safety Market, by Discrete Industry, 2020-2023 (USD Million)
Table 117 Rest of the World: Machine Safety Market, by Discrete Industry, 2024-2029 (USD Million)
12.5.2 South America
12.5.2.1 Increasing Inclination of Organizations Toward Workplace Safety to Drive Growth
12.5.3 GCC
12.5.3.1 Investments in Industrialization and Infrastructure Development to Drive Growth
12.5.4 Africa & Rest of Middle East
13 Competitive Landscape
13.1 Introduction
13.2 Strategies Adopted by Key Players
Table 118 Strategies Adopted by Key Players, 2022-2023
13.3 Revenue Analysis, 2020-2023
Figure 50 Revenue Analysis of Key Players, 2020-2023
13.4 Market Share Analysis, 2023
Table 119 Machine Safety Market: Degree of Competition
Figure 51 Market Share Analysis of Key Players, 2023
13.5 Competitive Evaluation Matrix, 2023
13.5.1 Stars
13.5.2 Emerging Leaders
13.5.3 Pervasive Players
13.5.4 Participants
Figure 52 Company Evaluation Matrix, 2023
13.5.5 Company Footprint
Table 120 Component Footprint
Table 121 Industry Footprint
Table 122 Process Industry Footprint
Table 123 Discrete Industry Footprint
Table 124 Region Footprint
Table 125 Company Footprint
13.6 Start-Up/SME Evaluation Matrix, 2023
13.6.1 Progressive Companies
13.6.2 Responsive Companies
13.6.3 Dynamic Companies
13.6.4 Starting Blocks
Figure 53 Start-Up/SME Evaluation Matrix, 2023
13.6.5 Competitive Benchmarking
Table 126 Key Start-Ups/SMEs
Table 127 Competitive Benchmarking of Key Start-Ups/SMEs
13.7 Competitive Scenario
13.7.1 Product Launches/Developments
Table 128 Machine Safety Market: Product Launches/Developments, 2022-2023
13.7.2 Deals
Table 129 Machine Safety Market: Deals, 2022-2023
13.7.3 Others
Table 130 Machine Safety Market: Others, 2022-2023
14 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1 Key Players
14.1.1 Schneider Electric
Table 131 Schneider Electric: Company Overview
Figure 54 Schneider Electric: Company Snapshot
Table 132 Schneider Electric: Products/Solutions/Services Offered
Table 133 Schneider Electric: Product Launches/Developments
Table 134 Schneider Electric: Deals
14.1.2 Honeywell International Inc.
Table 135 Honeywell International Inc.: Company Overview
Figure 55 Honeywell International Inc.: Company Snapshot
Table 136 Honeywell International Inc.: Products/Solutions/Services Offered
Table 137 Honeywell International Inc.: Deals
14.1.3 ABB
Table 138 ABB: Company Overview
Figure 56 ABB: Company Snapshot
Table 139 ABB: Products/Solutions/Services Offered
Table 140 ABB: Deals
14.1.4 Rockwell Automation, Inc.
Table 141 Rockwell Automation, Inc.: Company Overview
Figure 57 Rockwell Automation, Inc.: Company Snapshot
Table 142 Rockwell Automation, Inc.: Products/Solutions/Services Offered
Table 143 Rockwell Automation, Inc.: Product Launches/Developments
14.1.5 Siemens
Table 144 Siemens: Company Overview
Figure 58 Siemens: Company Snapshot
Table 145 Siemens: Products/Solutions/Services Offered
Table 146 Siemens: Product Launches/Developments
Table 147 Siemens: Others
14.1.6 Omron Corporation
Table 148 Omron Corporation: Company Overview
Figure 59 Omron Corporation: Company Snapshot
Table 149 Omron Corporation: Products/Solutions/Services Offered
Table 150 Omron Corporation: Product Launches/Developments
Table 151 Omron Corporation: Deals
14.1.7 Keyence Corporation
Table 152 Keyence Corporation: Company Overview
Figure 60 Keyence Corporation: Company Snapshot
Table 153 Keyence Corporation: Products/Solutions/Services Offered
Table 154 Keyence Corporation: Product Launches/Developments
14.1.8 Yokogawa Electric Corporation
Table 155 Yokogawa Electric Corporation: Company Overview
Figure 61 Yokogawa Electric Corporation: Company Snapshot
Table 156 Yokogawa Electric Corporation: Products/Solutions/Services Offered
Table 157 Yokogawa Electric Corporation: Product Launches/Developments
Table 158 Yokogawa Electric Corporation: Others
14.1.9 Emerson Electric Co.
Table 159 Emerson Electric Co.: Company Overview
Figure 62 Emerson Electric Co.: Company Snapshot
Table 160 Emerson Electric Co.: Products/Solutions/Services Offered
Table 161 Emerson Electric Co.: Product Launches/Developments
Table 162 Emerson Electric Co.: Deals
14.1.10 General Electric
Table 163 General Electric: Company Overview
Figure 63 General Electric: Company Snapshot
Table 164 General Electric: Products/Solutions/Services Offered
14.1.11 Mitsubishi Electric Corporation
Table 165 Mitsubishi Electric Corporation: Company Overview
Figure 64 Mitsubishi Electric Corporation: Company Snapshot
Table 166 Mitsubishi Electric Corporation: Products/Solutions/Services Offered
14.1.12 Sick AG
Table 167 Sick AG: Company Overview
Figure 65 Sick AG: Company Snapshot
Table 168 Sick AG: Products/Solutions/Services Offered
Table 169 Sick AG: Product Launches/Developments
Table 170 Sick AG: Deals
14.1.13 Hima
Table 171 Hima: Company Overview
Table 172 Hima: Products/Solutions/Services Offered
14.1.14 Idec Corporation
Table 173 Idec Corporation: Company Overview
Figure 66 Idec Corporation: Company Snapshot
Table 174 Idec Corporation: Products/Solutions/Services Offered
Table 175 Idec Corporation: Product Launches/Developments
14.2 Other Major Players
14.2.1 Balluff GmbH
14.2.2 Banner Engineering Corp.
14.2.3 Baumer
14.2.4 Pilz GmbH & Co. KG
14.2.5 Pepperl+Fuchs SE
14.3 Small and Medium-Sized Enterprises
14.3.1 Euchner GmbH + Co. KG
14.3.2 Datalogic S.P.A.
14.3.3 Leuze Electronic Pvt. Ltd.
14.3.4 Fortress Interlocks
14.3.5 K.A. Schmersal GmbH & Co. KG
14.3.6 Rockford Systems
14.3.7 Steute Technologies GmbH & Co. KG
14.3.8 KSA Carlo Gavazzi Co. Ltd.
14.3.9 Murrelektronik GmbH
14.3.10 Eao AG
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies
15 Adjacent Markets
15.1 Introduction
15.2 Study Limitations
15.3 High-Integrity Pressure Protection System Market, by Offering
15.3.1 Introduction
Table 176 High-Integrity Pressure Protection System Market, by Offering, 2018-2021 (USD Million)
Table 177 High-Integrity Pressure Protection System Market, by Offering, 2022-2027 (USD Million)
15.3.2 Components
Table 178 Components: High-Integrity Pressure Protection System Market, by Type, 2018-2021 (USD Million)
Table 179 Components: High-Integrity Pressure Protection System Market, by Type, 2022-2027 (USD Million)
Table 180 Components: High-Integrity Pressure Protection System Market, by Industry, 2018-2021 (USD Million)
Table 181 Components: High-Integrity Pressure Protection System Market, by Industry, 2022-2027 (USD Million)
15.3.2.1 Filed Initiators
15.3.2.2 Logic Solvers
Table 182 Logic Solvers: High-Integrity Pressure Protection System Market, by Type, 2018-2021 (USD Million)
Table 183 Logic Solvers: High-Integrity Pressure Protection System Market, by Type, 2022-2027 (USD Million)
15.3.2.2.1 Solid-State Logic Solvers
15.3.2.2.2 Others
15.3.2.3 Valves
15.3.2.4 Actuators
15.3.2.5 Other Components
15.3.3 Services
Table 184 Services: High-Integrity Pressure Protection System Market, by Type, 2018-2021 (USD Million)
Table 185 Services: High-Integrity Pressure Protection System Market, by Type, 2022-2027 (USD Million)
Table 186 Services: High-Integrity Pressure Protection System Market, by Industry, 2018-2021 (USD Million)
Table 187 Services: High-Integrity Pressure Protection System Market, by Industry, 2022-2027 (USD Million)
15.3.3.1 Testing, Inspection, and Certification (Tic)
15.3.3.2 Maintenance
15.3.3.3 Training and Consultation
16 Appendix
16.1 Key Insights from Industry Experts
16.2 Discussion Guide
16.3 Knowledgestore: The Subscription Portal
16.4 Customization Options

Executive Summary

Companies Mentioned

  • Schneider Electric
  • Honeywell International Inc.
  • ABB
  • Rockwell Automation, Inc.
  • Siemens
  • Omron Corporation
  • Keyence Corporation
  • Yokogawa Electric Corporation
  • Emerson Electric Co.
  • General Electric
  • Mitsubishi Electric Corporation
  • Sick AG
  • Hima
  • Idec Corporation
  • Balluff GmbH
  • Banner Engineering Corp.
  • Baumer
  • Pilz GmbH & Co. KG
  • Pepperl+Fuchs SE
  • Euchner GmbH + Co. KG
  • Datalogic S.P.A.
  • Leuze Electronic Pvt. Ltd.
  • Fortress Interlocks
  • K.A. Schmersal GmbH & Co. KG
  • Rockford Systems
  • Steute Technologies GmbH & Co. KG
  • KSA Carlo Gavazzi Co. Ltd.
  • Murrelektronik GmbH
  • Eao AG

Methodology

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