The machine safety market is expected to be valued at USD 4.5 billion in 2020 and is projected to reach USD 6.0 billion by 2025; it is expected to grow at a CAGR of 6.1% from 2020 to 2025. Increasing emphasis on ensuring workplace safety in oil & gas, power generation, food & beverages, automotive, and chemicals industries would increase the demand for machine safety systems in the coming years. In addition, the establishment of standards such as IEC 61508 and IEC 61511 has led to increased adoption of machine safety systems to attain the mandatory risk reduction targets. IEC 61508 and IEC 61511 are performance-based standards that promote the concept of the machine safety life cycle.
The market for embedded components to grow at a higher CAGR during the forecast period.
Embedded safety component systems increase efficiency and provide better flexibility to operators; these systems reduce downtime by safely resolving issues, without stopping the entire production line. In addition, the evolution of functional safety in machinery is expected to boost the demand for embedded safety components in the coming years. Organizations have started adopting embedded safety solutions to achieve better product performance and advanced safety. These factors owing to the higher growth of embedded components as compared to individual components during the forecast period.
The market for safety PLCs to grow at the highest CAGR during the forecast period.
The major factors driving the machine safety market growth are stringent safety regulations, high demand for safety systems in the oil & gas industry, and the rising need for reliable safety systems for personnel and asset protection. The growth of this market can be attributed to the widespread adoption of programmable safety systems in end-user industries. Programmable safety systems or safety PLCs are considered as the backbone of machine safety systems. These systems can be easily used in close conjunction with other systems.
APAC is projected to grow at a higher CAGR during the forecast period.
APAC is expected to be the fastest-growing market for machine safety. APAC is considered one of the fastest-growing economies. Countries in this region focus on large-scale industrial manufacturing and, thus, has a vast number of manufacturing plants of almost all major companies across the world. Countries such as China, India, Japan, South Korea, Australia, and Indonesia are rapidly expanding their manufacturing output. China is considered as one of the biggest manufacturing countries in the world, thereby driving the manufacturing sector in APAC. Various multinational companies have set up their manufacturing plants in APAC and are adopting higher safety standards leading to increased demand for safety systems. However, due to the outbreak of COVID-19, various companies in APAC witnessed a decline in demand for machine safety. The company has been temporarily stalling new projects.
Profile break-up of primary participants for the report is given below:
- By Company Type - Tier 1 = 55%, Tier 2 = 20%, and Tier 3 = 25%
- By Designation - C-level Executives = 75%, Managers = 25%,
- By Region - North America = 10%, Europe = 20%, APAC = 40%, and RoW = 30%
The study includes an in-depth competitive analysis of these key players in the machine safety market, with their company profiles, recent developments, and key market strategies. ABB Ltd. (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Siemens AG (Germany), Yokogawa Electric Corp. (Japan), Omron Corporation (Japan), Keyence Corporation (Japan), Mitsubishi Electric Corporation (Japan), Pilz GmbH & Co. KG (Germany), Sick AG (Germany), Balluff GmbH (Germany), and Banner Engineering Corp. (US) are among the major players in the machine safety market.
The global machine safety market is segmented into implementation, component, application, industry, and region. The market based on implementation is segmented into the individual and embedded components. Based on the components, the machine safety market has been split into presence sensing safety sensors, safety interlock switches, safety controllers/modules/safety relays, programmable safety systems, emergency stop controls, and two-hand safety controls. The applications that are included in the study are assembly, material handling, metalworking, packaging, robotics, and others (welding and shielding of heavy machinery). The machine safety market is segmented into 4 regions, namely North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
Reasons to buy the report:
- Illustrative segmentation, analysis, and forecast of the market based on type, component, system, industry, and region have been conducted to give an overall view of the machine safety market.
- A value chain analysis has been performed to provide in-depth insights into the machine safety market.
- The key drivers, restraints, opportunities, and challenges pertaining to the machine safety market have been detailed in this report.
- Detailed information regarding the COVID-19 impact on the machine safety market has been provided in the report.
- The report includes a detailed competitive landscape of the market, along with key players, as well as an in-depth analysis of their revenues
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition and Scope
1.2.1 Inclusions & Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Machine Safety Market: Research Design
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Major Secondary Sources
2.1.2.2 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews with Experts
2.1.3.2 Key Data from Primary Sources
2.1.3.3 Key Industry Insights
2.1.3.4 Breakdown of Primaries
2.2 Market Size Estimation
Figure 2 Market Size Estimation Methodology: Approach (Supply Side): Revenue of Products of Machine Safety Market Size
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Share by Bottom-Up Analysis (Demand Side)
Figure 3 Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Share by Top-Down Analysis (Supply Side)
Figure 4 Market: Top-Down Approach
2.3 Market Breakdown & Data Triangulation
Figure 5 Data Triangulation
2.4 Research Assumptions
3 Executive Summary
3.1 Pre-COVID-19 Scenario
3.2 Realistic Scenario
3.3 Pessimistic Scenario
3.4 Optimistic Scenario
Figure 6 Pre- and Post-COVID-19 Analysis of Market
Figure 7 Market for Programmable Safety Systems to Grow at Highest CAGR During Forecast Period
Figure 8 Robotics Application is Expected to Continue to Hold Largest Size of Market During Forecast Period
Figure 9 Food & Beverages Industry is Expected to Grow at Highest CAGR in Market During Forecast Period
Figure 10 APAC is Expected to be the Fastest-Growing Segment of Market During Forecast Period
4 Premium Insights
4.1 Attractive Growth Opportunities in Machine Safety Market
Figure 11 Adoption of Presence Sensing Devices are Driving Market
4.2 Market, by Component
Figure 12 Presence Sensing Safety Sensors to Hold Largest Size of Market in 2025
4.3 Market, by Application
Figure 13 Robotics to Hold Largest Size of Market in 2025
4.4 Market, by Industry
Figure 14 Energy & Power to Hold Larger Share of Market in 2020
4.5 Market, by Region
Figure 15 Europe to Hold Largest Size of Market in 2025
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 High Requirement for Reliable Safety Systems for Personnel and Asset Protection to Drive the Machine Safety Market
5.2.1 Drivers
5.2.1.1 Rising Emphasis on Personnel and Asset Protection
5.2.1.2 Stringent Machinery and Equipment Safety Regulations
5.2.2 Restraints
5.2.2.1 Requirements for Huge Capital to Install and Automate Machine Safety Systems
5.2.2.2 Lack of Awareness Regarding Importance of Machine Safety, Coupled with Complexities of Machine Safety Systems
5.2.3 Opportunities
5.2.3.1 Adoption of Digital Technology to Minimize Impact of COVID-19 and Elevate Organization Safety
5.2.3.2 Growing Acceptance of Workplace Safety Standards in Emerging Economies
5.2.3.3 Increasing Use of IIoT to Ensure Better Management and Improved Performance of Industrial Assets
5.2.4 Challenges
5.2.4.1 Suspension in Industrial Activities due to COVID-19 and Subsequent Decline in Market
5.2.4.2 Failure to Access All Machinery-Related Risks
5.3 Technologies in Machine Safety Systems
5.3.1 Computer Vision
5.3.2 Automated Machine Learning
5.3.3 Internet of Things
5.3.4 Virtual Reality
5.4 Case Study Analysis
5.4.1 Automotive
5.4.2 Healthcare
5.4.3 Food & Beverages
5.4.4 Oil & Gas
5.5 Value Chain Analysis
Figure 17 Value Chain Analysis
5.6 Ecosystem: Machine Safety
5.7 Average Selling Price Analysis
5.8 Patents Analysis: Machine Safety
5.9 Machine Safety Standards
5.10 Safety Integrity Level (Sil)
Table 1 Sil-Related Measures
5.11 Functional Safety Standards
5.11.1 Process Industry
5.11.1.1 I Ec 61508
5.11.1.2 I Ec 61511
5.11.2 Machinery
5.11.2.1 IEC 62061
6 Machine Safety Market, by Component
6.1 Introduction
Figure 18 Machine Safety Market, by Component
Figure 19 Presence Sensing Safety Sensors to Continue to Hold Largest Size of Market During Forecasted Period
Table 2 Market, by Component, 2016-2019 (USD Million)
Table 3 Market by Component, 2020-2025 (USD Million)
Table 4 Market, by Component, 2016-2019 (Thousand Units)
Table 5 Market, by Component, 2020-2025 (Thousand Units)
6.2 Presence Sensing Safety Sensors
Table 6 Presence Sensing Sensor Market, by Application, 2016-2019 (USD Million)
Table 7 Presence Sensing Safety Sensor Market, by Application, 2020-2025 (USD Million)
Table 8 Presence Sensing Safety Sensor Market, by Type, 2016-2019 (USD Million)
Table 9 Presence Sensing Safety Sensor Market, by Type, 2020-2025 (USD Million)
Table 10 Presence Sensing Safety Sensor Market, by Type, 2016-2019 (Thousand Units)
Table 11 Presence Sensing Sensor Market, by Type, 2020-2025 (Thousand Units)
Table 12 Presence Sensing Safety Sensor Market, by Region, 2016-2019 (USD Million)
Table 13 Presence Sensing Safety Sensor Market, by Region, 2020-2025 (USD Million)
Table 14 Presence Sensing Safety Sensor Market in North America, by Country, 2016-2019 (USD Million)
Table 15 Presence Sensing Safety Sensor Market in North America, by Country, 2020-2025 (USD Million)
Table 16 Presence Sensing Safety Sensor Market in Europe, by Country, 2016-2019 (USD Million)
Table 17 Presence Sensing Safety Sensor Market in Europe, by Country, 2020-2025 (USD Million)
Table 18 Presence Sensing Safety Sensor Market in Apac, by Country, 2016-2019 (USD Million)
Table 19 Presence Sensing Safety Sensor Market in Apac, by Country, 2020-2025 (USD Million)
Table 20 Presence Sensing Safety Sensor Market in Row, by Region, 2016-2019 (USD Million)
Table 21 Presence Sensing Safety Sensor Market for Row, by Region, 2020-2025 (USD Million)
6.2.1 Safety Edges
6.2.1.1 Safety Edges Ensure Safety of Closing Edges at Potential Crushing or Shearing Points
6.2.2 Laser Scanners
6.2.2.1 Laser Scanners Used for Danger Zone Guarding and Access Guarding
6.2.3 Safety Light Curtains
6.2.3.1 Safety Light Curtains Help to Prevent External Threats to Machinery and Other Tools
6.2.3.2 Light Emitting Diodes (Leds)
6.2.3.3 Photoelectric Cells
6.2.3.4 Control Units
6.2.3.5 Displays
6.2.3.6 Enclosures
6.2.4 Safety Mats
6.2.4.1 Safety Mats Find Applications in Textile Machines, Conveyers, Plastics Molding Machines, and Water Jet Machines
6.2.5 Other Devices
6.2.5.1 Single & Multi-Beam Devices are Designed for Perimeter Guarding
6.3 Programmable Safety Systems
6.3.1 Market for Programmable Safety Systems to Grow at Highest Rate During Forecast Period
Table 22 Programmable Safety Systems Market, by Application, 2016-2019 (USD Million)
Table 23 Programmable Safety Systems Market, by Application, 2020-2025 (USD Million)
Table 24 Programmable Safety Systems Market, by Region, 2016-2019 (USD Million)
Table 25 Programmable Safety Systems Market, by Region, 2020-2025 (USD Million)
Table 26 Programmable Safety Systems Market in North America, by Country, 2016-2019 (USD Million)
Table 27 Programmable Safety Systems Market in North America, by Country, 2020-2025 (USD Million)
Table 28 Programmable Safety Systems Market in Europe, by Country, 2016-2019 (USD Million)
Table 29 Programmable Safety Systems Market in Europe, by Country, 2020-2025 (USD Million)
Table 30 Programmable Safety Systems Market in Apac, by Country, 2016-2019 (USD Million)
Table 31 Programmable Safety Systems Market in Apac, by Country, 2020-2025 (USD Million)
Table 32 Programmable Safety Systems Market in Row, by Region, 2016-2019 (USD Million)
Table 33 Programmable Safety Systems Market in Row, by Region, 2020-2025 (USD Million)
6.4 Safety Controllers/Modules/Relays
6.4.1 Safety Controllers/Modules/Relays Help in Emergency Shutdown of Equipment
Table 34 Safety Controllers/Modules/Relays Market, by Application, 2016-2019 (USD Million)
Table 35 Safety Controllers/Modules/Relays Market, by Application, 2020-2025 (USD Million)
Table 36 Safety Controllers/Modules/Relays Market, by Region, 2016-2019 (USD Million)
Table 37 Safety Controllers/Modules/Relays Market, by Region, 2020-2025 (USD Million)
Table 38 Safety Controllers/Modules/Relays Market in North America, by Country, 2016-2019 (USD Million)
Table 39 Safety Controllers/Modules/Relays Market in North America, by Country, 2020-2025 (USD Million)
Table 40 Safety Controllers/Modules/Relays Market in Europe, by Country, 2016-2019 (USD Million)
Table 41 Safety Controllers/Modules/Relays Market in Europe, by Country, 2020-2025 (USD Million)
Table 42 Safety Controllers/Modules/Relays Market in Apac, by Country, 2016-2019 (USD Million)
Table 43 Safety Controllers/Modules/Relays Market in Apac, by Country, 2020-2025 (USD Million)
Table 44 Safety Controllers/Modules/Relays Market in Row, by Geography, 2016-2019 (USD Million)
Table 45 Safety Controllers/Modules/Relays Market in Row, by Geography, 2020-2025 (USD Million)
6.5 Safety Interlock Switches
6.5.1 Safety Interlock Switches Prevent Restart of Equipment Until Shutdown Causing Fault is Corrected
Table 46 Safety Interlock Switches Market, by Application, 2016-2019 (USD Million)
Table 47 Safety Interlock Switches Market, by Application, 2020-2025 (USD Million)
Table 48 Safety Interlock Switches Market, by Region, 2016-2019 (USD Million)
Table 49 Safety Interlock Switches Market, by Region, 2020-2025 (USD Million)
Table 50 Safety Interlock Switches Market in North America, by Country, 2016-2019 (USD Million)
Table 51 Safety Interlock Switches Market in North America, by Country, 2020-2025 (USD Million)
Table 52 Safety Interlock Switches Market in Europe, by Country, 2016-2019 (USD Million)
Table 53 Safety Interlock Switches Market in Europe, by Country, 2020-2025 (USD Million)
Table 54 Safety Interlock Switches Market in Apac, by Country, 2016-2019 (USD Million)
Table 55 Safety Interlock Switches Market in Apac, by Country, 2020-2025 (USD Million)
Table 56 Safety Interlock Switches Market in Row, by Region, 2016-2019 (USD Million)
Table 57 Safety Interlock Switches Market in Row, by Region, 2020-2025 (USD Million)
6.5.2 Electromechanical
6.5.2.1 Electromechanical Switches are Used to Lock Equipment Doors and Panels in Closed Position During Equipment Operations
6.5.3 Hinge Pin
6.5.3.1 Hinge Pin Switches Provide Positively Operated Switching Contacts
6.5.4 Limit Switches
6.5.4.1 Limit Switches Consist of Actuators, Which are Mechanically Linked to a Set of Contacts
6.5.5 Non-Contact Interlock Switches
6.5.5.1 Non-Contact Safety Interlock Switches are Mostly Used in Areas Where Precise Implementation of Safety Systems is Difficult
6.5.6 Tongue Interlock Switches
6.5.6.1 Tongue Interlock Switches Detect Movement of a Hinged, Sliding, or Lift-Off Guard
6.5.7 Trapped Key Interlock Switches
6.5.7.1 Trapped Key Switches are Used in Applications Wherein Equipment Has to be Started or Shutdown in a Prescribed Sequence
6.6 Emergency Stop Controls
Table 58 Emergency Stop Controls Market, by Application, 2016-2019 (USD Million)
Table 59 Emergency Stop Controls Market, by Application, 2020-2025 (USD Million)
Table 60 Emergency Stop Controls Market, by Region, 2016-2019 (USD Million)
Table 61 Emergency Stop Controls Market, by Region, 2020-2025 (USD Million)
Table 62 Emergency Stop Controls Market in North America, by Country, 2016-2019 (USD Million)
Table 63 Emergency Stop Controls Market in North America, by Country, 2020-2025 (USD Million)
Table 64 Emergency Stop Control Market in Europe, by Country, 2016-2019 (USD Million)
Table 65 Emergency Stop Control Market in Europe, by Country, 2020-2025 (USD Million)
Table 66 Emergency Stop Control Market in Apac, by Country, 2016-2019 (USD Million)
Table 67 Emergency Stop Control Market in Apac, by Country, 2020-2025 (USD Million)
Table 68 Emergency Stop Control in Row, by Region, 2016-2019 (USD Million)
Table 69 Emergency Stop Control in Row, by Region, 2020-2025 (USD Million)
6.6.1 Push Buttons
6.6.1.1 Attributes Such as Compact Housing and Easy Connection and Troubleshooting Result in Increasing Adoption of Push Buttons by End-User Industries
6.6.2 Rope (Cable) Pull Buttons
6.6.2.1 Rope Pull Buttons are Used as Emergency Stop Devices in Areas That Cannot be Protected by Simple Push Buttons
6.7 Two-Hand Safety Controls
6.7.1 Demand for Two-Hand Safety for Power Generation Industries to Continue to Rise in Future
Table 70 Two-Hand Safety Controls Market, by Application, 2016-2019 (USD Million)
Table 71 Two-Hand Safety Controls Market, by Application, 2020-2025 (USD Million)
Table 72 Two-Hand Safety Control Market, by Region, 2016-2019 (USD Million)
Table 73 Two-Hand Safety Control Market, by Region, 2020-2025 (USD Million)
Table 74 Two-Hand Safety Control Market in North America, by Country, 2016-2019 (USD Million)
Table 75 Two-Hand Safety Control Market in North America, by Country, 2020-2025 (USD Million)
Table 76 Two-Hand Safety Control Market in Europe, by Country, 2016-2019 (USD Million)
Table 77 Two-Hand Safety Control Market in Europe, by Country, 2020-2025 (USD Million)
Table 78 Two-Hand Safety Control Market in Apac, by Country, 2016-2019 (USD Million)
Table 79 Two-Hand Safety Control Market in Apac, by Country, 2020-2025 (USD Million)
Table 80 Two-Hand Safety Control Market in Row, by Region, 2016-2019 (USD Million)
Table 81 Two-Hand Safety Control Market in Row, by Region, 2020-2025 (USD Million)
6.8 Market, by Sales Channel
Figure 20 Market, by Sales Channel
6.8.1 Direct Sales Channel
6.8.2 Indirect Channel
7 Machine Safety Market, by Implementation
7.1 Introduction
Figure 21 Machine Safety Market, by Implementation
Table 82 Market, by Implementation, 2016-2019 (USD Million)
Table 83 Market, by Implementation, 2020-2025 (USD Million)
7.2 Individual Components
7.2.1 Individual Components are Easy to Install and Control
7.2.2 COVID-19 Impact on Individual Components
7.3 Embedded Components
7.3.1 Embedded Components Offer Better Performance and Advanced Safety for Industrial Machines
7.3.2 COVID-19 Impact on Embedded Components
8 Machine Safety Market, by Application
8.1 Introduction
Figure 22 Machine Safety Market, by Application
Figure 23 Robotics Segment to Continue to Hold Largest Size of Market During Forecast Period
Table 84 Market, by Application, 2016-2019 (USD Million)
Table 85 Market, by Application, 2020-2025 (USD Million)
8.2 Assembly
8.2.1 Assembly Application is Expected to Hold Largest Market Share During Forecast Period
Table 86 Market for Assembly Application, by Component, 2016-2019 (USD Million)
Table 87 Market for Assembly Application, by Component, 2020-2025 (USD Million)
8.3 Robotics
8.3.1 Safety Regulations Mandate Deployment of Machine Safety Systems in Robotics Applications
Table 88 Market for Robotics Application, by Component, 2016-2019 (USD Million)
Table 89 Market for Robotics Application, by Component, 2020-2025 (USD Million)
8.4 Packaging
8.4.1 Increase in Machinery-Related Accidents in Packaging Applications Drives Adoption of Machine Safety Systems
Table 90 Market for Packaging Application, by Component, 2016-2019 (USD Million)
Table 91 Market for Packaging Application, by Component, 2020-2025 (USD Million)
8.5 Material Handling
Table 92 Market for Material Handling Application, by Component, 2016-2019 (USD Million)
Table 93 Market for Material Handling Application, by Component, 2020-2025 (USD Million)
8.6 Metal Working
8.6.1 Machine Safety Measures are Necessary in Metal Working to Avoid Mechanical Hazards
Table 94 Market for Metal Working Application, by Component, 2016-2019 (USD Million)
Table 95 Market for Metal Working Application, by Component, 2020-2025 (USD Million)
8.7 Others
Table 96 Market for Other Applications, by Component, 2016-2019 (USD Million)
Table 97 Market for Other Applications, by Component, 2020-2025 (USD Million)
9 Machine Safety Market, by Industry
9.1 Introduction
Figure 24 Machine Safety Market, by Industry
Figure 25 Energy & Power Segment is Expected to Hold Largest Size of Market in 2025
Table 98 Market, by Industry, 2016-2019 (USD Million)
Table 99 Market, by Industry, 2020-2025 (USD Million)
9.2 Aerospace & Defense
9.2.1 Various Automated Processes in Aerospace & Defense Manufacturing Necessitate Deployment of Machine Safety Systems
Table 100 Market for Aerospace & Defence, by Region, 2016-2019 (USD Million)
Table 101 Market for Aerospace & Defense, by Region, 2020-2025 (USD Million)
9.2.2 Impact of COVID-19 on Aerospace & Defense Industry
9.3 Automotive
9.3.1 Automotive Industry Employs Machine Safety to Reduce Risks Associated with Dangerous Process
Table 102 Market for Automotive, by Region, 2016-2019 (USD Million)
Table 103 Market for Automotive, by Region, 2020-2025 (USD Million)
9.3.2 Impact of COVID-19 on Automotive Industry
9.4 Chemicals
9.4.1 Demand for Safety and Reliability in Chemicals Industry Propels Growth of Market
Table 104 Market for Chemicals, by Region, 2016-2019 (USD Million)
Table 105 Market for Chemicals, by Region, 2020-2025 (USD Million)
9.4.2 Impact of COVID-19 on Chemicals Industry
9.5 Energy & Power
9.5.1 Power Industry Uses Machine Safety for Protecting Plants from Hazards
Table 106 Market for Energy & Power, by Region, 2016-2019 (USD Million)
Table 107 Market for Energy & Power, by Region, 2020-2025 (USD Million)
9.5.2 Impact of COVID-19 on Energy & Power Industry
9.6 Food & Beverages
9.6.1 Growing Automation in Food & Beverages Industry Necessitating Machine Safety Systems Deployment
Table 108 Market for Food & Beverages, by Region, 2016-2019 (USD Million)
Table 109 Market for Food & Beverages, by Region, 2020-2025 (USD Million)
9.6.2 Impact of COVID-19 on Food & Beverages Industry
9.7 Healthcare & Pharmaceuticals
9.7.1 Pharmaceutical Companies Implement Machine Safety to Prevent Potential Hazards
Table 110 Market for Healthcare & Pharmaceuticals, by Region, 2016-2019 (USD Million)
Table 111 Market for Healthcare & Pharmaceuticals, by Region, 2020-2025 (USD Million)
9.7.2 Impact of COVID-19 on Healthcare & Pharmaceuticals Industry
9.8 Metals & Mining
9.8.1 Machine Safety Systems Help to Prevent Hazardous Gas Leakage in Metals & Mining Industry
Table 112 Market for Metal & Mining, by Region, 2016-2019 (USD Million)
Table 113 Market for Metal & Mining, by Region, 2020-2025 (USD Million)
9.8.2 Impact of COVID-19 on Metals & Mining Industry
9.9 Oil & Gas
9.9.1 Standards Such as Iec 61508 and Iec 61511, and Norwegian Oil & Gas Guideline 070 Mandate Implementation of Machine Safety Equipment in Oil & Gas Industry
Table 114 Market for Oil & Gas, by Region, 2016-2019 (USD Million)
Table 115 Market for Oil & Gas, by Region, 2020-2025 (USD Million)
9.9.2 Impact of COVID-19 on Oil & Gas Industry
9.10 Semiconductor & Electronics
9.10.1 Safety Light Curtains are Extensively Used in Semiconductor Industry
Table 116 Market for Semiconductor & Electronics, by Region, 2016-2019 (USD Million)
Table 117 Market for Semiconductor & Electronics, by Region, 2020-2025 (USD Million)
9.10.2 Impact of COVID-19 on Semiconductor Industry
9.11 Others
Table 118 Market for Others, by Region, 2016-2019 (USD Million)
Table 119 Market for Others, by Region, 2020-2025 (USD Million)
9.11.1 Impact of COVID-19 on Other Industries
10 Geographic Analysis
10.1 Introduction
Figure 26 Machine Safety Market in APAC to Grow at Highest Rate During Forecast Period
Table 120 Market, by Region, 2016-2019 (USD Million)
Table 121 Market, by Region, 2020-2025 (USD Million)
10.2 North America
Figure 27 North America: Snapshot of Market
Table 122 Market in North America, by Country, 2016-2019 (USD Million)
Table 123 Market in North America, by Country, 2020-2025 (USD Million)
Table 124 Market in North America, by Component, 2016-2019 (USD Million)
Table 125 Market in North America, by Component, 2020-2025 (USD Million)
Table 126 Market in North America, by Industry, 2016-2019 (USD Million)
Table 127 Market in North America, by Industry, 2020-2025 (USD Million)
10.2.1 Impact of COVID-19 on Market in North America
10.2.2 US
10.2.2.1 Us to Continue to Hold Largest Size of Market in North America During Forecast Period
10.2.3 Canada
10.2.3.1 Strict Government Regulations to Drive Market in Canada
10.2.4 Mexico
10.2.4.1 Abundance of Oil & Gas Reserves in Mexico to Offer Opportunities for Machine Safety Manufacturers
10.3 Europe
Figure 28 Europe: Snapshot of Market
Table 128 Market in Europe, by Geography, 2016-2019 (USD Million)
Table 129 Market in Europe, by Geography, 2020-2025 (USD Million)
Table 130 Market in Europe, by Component, 2016-2019 (USD Million)
Table 131 Market in Europe, by Component, 2020-2025 (USD Million)
Table 132 Market in Europe, by Industry, 2016-2019 (USD Million)
Table 133 Market in Europe, by Industry, 2020-2025 (USD Million)
10.3.1 Impact of COVID-19 on Market in Europe
10.3.2 UK
10.3.2.1 Safety Regulations Propel Demand for Machine Safety Systems in UK
10.3.3 Germany
10.3.3.1 Germany to Hold Largest Size of Market in Europe During Forecast Period
10.3.4 France
10.3.4.1 Stringent Safety Requirements are Driving Market in France
10.3.5 Rest of Europe
10.4 APAC
Figure 29 APAC: Snapshot of Machine Safety Market
Table 134 Market for Apac, by Country, 2016-2019 (USD Million)
Table 135 Market for Apac, by Country, 2020-2025 (USD Million)
Table 136 Market in Apac, by Component, 2016-2019 (USD Million)
Table 137 Market in Apac, by Component, 2020-2025 (USD Million)
Table 138 Market in Apac, by Industry, 2016-2019 (USD Million)
Table 139 Market in Apac, by Industry, 2020-2025 (USD Million)
10.4.1 Impact of COVID-19 on Market in APAC
10.4.2 China
10.4.2.1 Heightened Demand from Oil & Gas and Chemicals Industries Driving Market Growth in China
10.4.3 Japan
10.4.3.1 Fast-Growing Process Industries Driving Adoption of Machine Safety Products in Japan
10.4.4 India
10.4.4.1 Market in India to Grow at Highest CAGR During Forecast Period
10.4.5 South Korea
10.4.5.1 Stringent Law to Prevent Machine Accidents Drives Market in South Korea
10.4.6 Rest of APAC
10.5 Row
Table 140 Market for Row, by Region, 2016-2019 (USD Million)
Table 141 Market for Row, by Region, 2020-2025 (USD Million)
Table 142 Market in Row, by Component, 2016-2019 (USD Million)
Table 143 Market in Row, by Component, 2020-2025 (USD Million)
Table 144 Market in Row, by Industry, 2016-2019 (USD Million)
Table 145 Market in Row, by Industry, 2020-2025 (USD Million)
10.5.1 Impact of COVID-19 on Market in Row
10.5.2 South America
10.5.2.1 South America to Emerge as Lucrative Market for Machine Safety Solutions
10.5.3 Middle East & Africa
10.5.3.1 Middle East Held Larger Size of Market for Oil & Gas Industry in 2019
11 Competitive Landscape
11.1 Overview
Figure 30 Key Developments in Machine Safety Market (2019 to 2020)
11.2 Market Share and Revenue Analysis: Machine Safety Market
Table 146 Market Share of Top 5 Key Players in Market, 2019
11.3 Company Evaluation Quadrant
11.3.1 Star
11.3.2 Emerging
11.3.3 Pervasive
11.3.4 Participant
Figure 31 Machine Safety Market (Global) Company Evaluation Quadrant, 2019
11.4 Strength of Product Portfolio
Figure 32 Product Portfolio Analysis of Top Players in Market
11.5 Business Strategy Excellence
Figure 33 Business Strategy Excellence of Top Players in Market
11.6 Competitive Situation & Trends
11.6.1 Contracts, Agreements, and Partnerships
Table 147 Contracts, Agreements, and Partnerships, Joint Ventures, 2018-2020
11.6.2 Product Launches & Developments
Table 148 Product Launches and Developments, 2018-2020
12 Company Profiles
12.1 Key Players
12.1.1 Schneider Electric
Figure 34 Schneider Electric: Company Snapshot
12.1.2 Honeywell
Figure 35 Honeywell: Company Snapshot
12.1.3 Abb
Figure 36 ABB: Company Snapshot
12.1.4 Rockwell
Figure 37 Rockwell: Company Snapshot
12.1.5 Siemens Ag
Figure 38 Siemens Ag: Company Snapshot
12.1.6 Omron Corporation
Figure 39 Omron Corporation: Company Snapshot
12.1.7 Keyence
Figure 40 Keyence: Company Snapshot
12.1.8 Yokogawa
Figure 41 Yokogawa: Company Snapshot
12.1.9 Emerson Electric
Figure 42 Emerson Electric: Company Snapshot
12.1.10 General Electric
Figure 43 GE: Company Snapshot
12.2 Right to Win
12.3 Other Key Players
12.3.1 Balluff GmbH
12.3.2 Banner Engineering
12.3.3 Baumer
12.3.4 Idec
12.3.5 Sick Ag
12.3.6 Mitsubishi Electric
12.3.7 Datalogic
12.3.8 Pepperl+Fuchs
12.3.9 Euchner
12.3.10 Pilz
12.3.11 Leuze Electronics
12.3.12 Fortress Interlocks (Halma plc)
12.3.13 Ka Schmersal
12.3.14 Rockford Systems
13 Appendix
13.1 Discussion Guide - Machine Safety Market
13.2 Knowledge Store: The Subscription Portal
13.3 Available Customizations
Executive Summary
Companies Mentioned
- ABB
- Balluff GmbH
- Banner Engineering
- Baumer
- Datalogic
- Emerson Electric
- Euchner
- Fortress Interlocks (Halma plc)
- General Electric
- Honeywell
- Idec
- KA Schmersal
- Keyence
- Leuze Electronics
- Mitsubishi Electric
- Omron Corporation
- Pepperl+Fuchs
- Pilz
- Rockford Systems
- Rockwell
- Schneider Electric
- Sick Ag
- Siemens Ag
- Yokogawa
Methodology
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