- Published: February 2012
- Region: Global
Global Machine Safeguarding Solution Market 2011-2014
- Published: February 2012
- Region: Global
- 31 pages
- Infiniti Research Limited
TechNavio’s analysts forecast the Global Machine Safeguarding Solution market to grow at a CAGR of 10.5 percent over the period 2011–2014. One of the key factors contributing to this market growth is the need for increased workplace safety. The Global Machine Safeguarding Solution market has also been witnessing increasing demand from MSME (micro, small- and medium-scale enterprises) sector. However, the need for huge capital and operational changes required to adopt machine safeguarding solutions could pose a challenge to the growth of this market.
TechNavio’s report, Global Machine Safeguarding Solution Market 2011-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Machine Safeguarding Solution market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Siemens AG, Rockwell Automation Inc., ABB Ltd, and Honeywell International Inc.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
TechNavio today launched its report Global Machine Safeguarding Solution Market 2011-2014 based on an in-depth study. The report aims to aid decision makers’ understanding of the significant trends impacting the growth of this market.
Commenting on the report, an analyst from TechNavio’s Engineering Services team said, “Globalization has pushed several global players to the APAC region. As a result of economic revival in the post-recession period, many companies across the globe are increasing their investments in the APAC region. This increases demand for the small and medium-sized industries in countries such as India and China to deliver quality products, for increased revenue generation. This emerging sector is expected to increase their focus toward the machine safeguarding solutions to enable them to scale up in line with global operational standards.”
According to the report, effective machine safeguarding solutions in-place optimizes the machine operation, thereby anticipating and eliminating the potential hazards that would result in workplace injuries. There is huge demand for the skilled-labour force across the manufacturing sector. The lack of awareness about the safe-machine handling techniques increases the possibility of machines being mishandled, thereby leading to injuries and mishaps. These problems that start as minor mishaps would lead to decreased productivity and product quality.
The report also discusses that the main challenge faced by the Global market is the need for a large amount of capital required to adopt these solutions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
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01. Executive Summary
03. Market Coverage
04. Market Landscape
05. Vendor Landscape
06. Buying Criteria
07. Market Growth Drivers
08. Drivers and their Impact
09. Market Challenges
10. Market Trends
11. Key Vendor Analysis
11.1 Siemens AG
11.2 Rockwell Automation Inc.
11.3 ABB Ltd.
11.4 Honeywell International Inc.
12. Other Reports in this Series
List of Exhibits:
Exhibit 1: Global Machine Safeguarding Solution Market 2010–2014 (US$ million)
Exhibit 2: Global Machine Safeguarding Solution Market by Product Segmentation 2010
Exhibit 3: Global Machine Safeguarding Solution Market by Geographical Segmentation 2010
Exhibit 4: Global Machine Safeguarding Solution Market by Vendor Segmentation 2010
- Siemens AG
- Rockwell Automation Inc.
- ABB Ltd.
- Honeywell International Inc.