The global machine safety market is expected to reach a market size of USD 7.25 Billion at a revenue CAGR of 5.3% during the forecast period. Key factors driving the market growth include strict machine safety regulations by global safety standard agencies such as International Electrotechnical Commission (IEC) and International Organization for Standardization (ISO), and need for efficient and cost effective safety systems for personnel and asset protection.

In the age of Industry 4.0, industries are focusing on acquiring advanced machinery in order to increase their productivity. Advanced machineries are required to be monitored on a daily basis to avoid unforeseen incidents such as accidents and breakdowns. This makes machine safety systems a necessity in any industry. Rapid industrialization across the globe is another factor responsible for increase in demand for machine safety systems.

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The Global MACHINE SAFETY Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the MACHINE SAFETY Market and its key elements. The report is formulated through extensive primary and secondary research and is curated with the intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the MACHINE SAFETY Market industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2020. The report assesses the historical data and current scenario to offer accurate estimations of the MACHINE SAFETY Market in the coming years.

Some major companies in the global market report 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, and Keyence Corporation.

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Emergen Research has segmented global machine safety market based on implementation, component, end use, and region.

Implementation Outlook (Revenue, USD Billion; 2021–2028)

Individual Components

Embedded Components

Component Outlook (Revenue, USD Billion; 2021–2028)

Presence Sensing Safety Sensors

Emergency Stop Devices

Safety Interlock Switches

Safety Controller/Modules/Relays

End-Use Outlook (Revenue, USD Billion; 2021–2028)

Oil and Gas

Electronics and Semiconductors

Automotive

Food and Beverage

Healthcare

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Key insights presented in the report:

Market revenue shares by major business players, by type, by application, and market scope of global Machine Safety market

Sales revenue by key players and new entrants

Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers

Recent mergers, acquisitions, product launches, recent investments, and joint ventures

Regional analysis to provide insight into recent trends and opportunities

Regional Bifurcation of the Machine Safety Market Includes:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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