Machine safety market is estimated to be around $1.6 billion in 2014 and is growing at a healthy CAGR of 14.1%. Developed economies like Germany and U.S. are the major players in the Machine Safety Market and fast growing economies like China, India are forecast to play an important role in the market in the future. Machine Safety Industry has found its way into various major application areas including Robotics, Packaging, Welding, Assembly and Material Handling. Europe is the leading producer of products related to Machine Safety with more than 50% of the market share with America lagging behind Europe.
In the report, the market has been segmented by geography as America, Europe, Asia-Pacific, and Rest of the World (RoW). Market size and forecast is provided for each of these regions. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the Machine safety market and future opportunities are provided in the report.
The sub-segments of safety systems include both qualitative as well as quantitative data analysis for each type of safety systems such as Emergency Stop Controls, Programmable Safety Systems, Precision Sensing Safety Sensors and others.
This report on the Global Machine Safety Market identifies many such insights and M&A opportunities, besides providing a detailed analysis of the types and applications of various sensors in the Machine Safety Industry.