Machine Safety Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034
Page: 215 | Report Code: SE240429 | Research Suite: Report (PDF) & Market Data (Excel)
Machine safety is a term used to describe the tools and procedures created to prevent injuries and dangers that accompany the operation of machines in different industrial environments. These safety measures are aimed at stopping people from having accidents, and being hurt or being killed by dangerous machines. The machine safety involves the array of elements that include product, technologies, and protocols for the secure operation of the machinery, such as safety edges, emergency stop controls, safety controllers/modules/relays, safety interlock switches and programmable safety systems among others. These safety precautions are critical especially in industries including manufacturing, automotive, pharmaceutical, food processing, oil & gas, aerospace, and semiconductors & electronics among others, where machines characteristically have a risk factor.
The global
machine safety market still undergoes steady development through the progresses
in the workplace safety, strict regulations all over the industry, and the
progress in automation technologies. Machine safety systems remain
fundamental in maintaining workers’ safety and preventing industrial
accidents. Management of the workplace safety is more and more a primary
objective of companies to maximize production and minimize downtimes caused by
workplace accidents.
The machine safety market is anticipated to reach USD XXX.X million by 2034 from USD XXX.X million in 2023, at a CAGR of XX.X% during the forecast period.
Governments around the world are introducing stringent
safety standards and regulations to preclude accidents and protect workers'
health. These regulations force producers to equip their machines with
safety devices. Additionally, the growth of automation in the industries
is increasing the safety precautions to safeguard workers from injuries caused
by automated machinery and therefore, is anticipated to bring an increase into
the machine safety market during the forecast period 2024-2034.
Growth
Drivers:
One of the most important growth
driver of this market is the implementation of very strict regulations and
security rules by governments and monitoring bodies. The Occupational Safety
and Health Administration (OSHA) in the United States of America, the Machinery
Directive 2006/42/EC in the European Union and other regulatory frameworks
around the world require safety measures to be in place to prevent risks that
occur when using machines.
Increasing emphasis on the
workplace safety worldwide over all industries is the key driver in the machine
safety market. Companies tend to emphasize the health of the employees by
creating a safe working environment in which there is no possibility of
accidents, injuries and fatalities. Implementation of machine safety
technologies is a vital part of achieving a healthier workplace as more and
more companies acknowledge the necessity of decreasing risks associated with
machine operation and workers' complying with the regulations.
The implementation of automation
technology in various industries is a key factor for the development of safety
systems for machines. With the implementation of automation to improve the
efficiency, productivity and competitiveness of businesses, the requirement of
sound safety measures that will protect the workers from hazards related to
automatic machines arises. Machine safety systems are important parts of
automated production lines, robotics applications, and industrial machines that
consequently boost the market growth.
Technological achievements have an
essential contribution to the innovation and development in the machine safety
market. The creation of highly accurate sensors, safety controllers, interlocks
and other cutting-edge safety technologies allows the introduction of complex machine
safety solutions containing high functionality to detect dangers, risk analysis
and real-time monitoring. Furthermore, the integration of the Industry 4.0
technologies such as (IoT, AI, and cloud computing) also helps the deployment
of smart safety systems with predictive maintenance, remote diagnostics, and
data-driven insights.
Machine Safety Segmentation:
By Offering:
·
Systems
·
Sensors
By Component:
·
Presence
Detection Sensors
o Safety Edges
o Laser Scanners
o Safety Light Curtains
o Light-Emitting Diodes (LEDs)
o Photoelectric Cells
o Control Units
o Displays
o Enclosures
o Safety Mats
o Others Devices
·
Safety
Interlock Switches
o Electromechanical Switches
o Hinge Pin Switches
o Limit Switches
o Non-Contact Interlock Switches
o Tongue Interlock Switches
o Trapped Key Interlock Switches
·
Emergency
Stop Controls
o Push Buttons
o Rope Pull Buttons
·
Programmable
Safety Systems
·
Safety
Controllers/Modules/Relays
·
Two-Hand
Safety Controls
·
Others
By End-User Industry:
·
Process
Industries
o Food & Beverages
o Metal & Mining
o Oil & Gas
o Chemical
o Pharmaceuticals
o Power Generation
o Others
·
Discrete
Industries
o Automotive
o Aerospace
o Semiconductor & Electronics
o
Others
By Region:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East
and Africa
Machine Safety Market by Offering Review:
Based on the offering, the machine safety market is segmented into two segments including systems, and sensors. On the basis of offering, the systems segment is expected to dominate the market in terms of market share, while the sensors segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.
Machine
Safety Market by Component Review:
Based on the components, the
market is segmented into presence detection sensors, safety interlock switches,
emergency stop controls, programmable safety systems, safety
controllers/modules/relays, two-hand safety controls, and others. On the basis
of components, the presence detection sensors segment is expected to be the
largest in terms of market share, while the programmable safety systems segment
is predicted to grow at the highest rate in terms of CAGR during the forecast
period.
Machine
Safety Market by End-User Industry Review:
Based on the end-user industry,
the market is segmented into process industries, which is further sub-segmented
into food & beverages, metal & mining, oil & gas, chemical,
pharmaceuticals, power generation, and others, and discrete industries, which
is further sub-segmented into automotive, aerospace, semiconductor & electronics,
and others. On the basis of end-user industry, the process industries segment
is expected to be the largest in terms of market share, while the segment is also
predicted to grow at the highest rate in terms of CAGR during the forecast
period.
Regional
Outlook:
The machine safety market research report offers detailed
analysis and forecasts for five major regions i.e., North America, Europe, Asia
Pacific (APAC), Latin America, and the Middle East & Africa.
The Europe region is forecasted to dominate the global machine
safety market followed by Asia Pacific, North America, Latin America, and
Middle East & Africa during the forecast period 2023-2030.
The Europe region is predicted to maintain its dominance in
the world machine safety market with a market share of XX.X% in 2023. The
regional machine safety market has the main driving force including mature
industrial landscape, strict regulatory standards and strong focus on
technological innovation. The integration of industry 4.0 principles, including
IoT (Internet of Things), AI (Artificial Intelligence), and cloud computing,
becomes a prerequisite for smart safety solutions deployment in manufacturing
processes. In addition, Europe is the leader in the technology of machine
safety and innovations. Companies within the district focus on the
manufacturing of the integrated safety systems, advanced sensor technologies
and the intelligent safety controllers to improve the worker safety and
operational efficiency which is expected to power the machine safety market in
the district for the period of 2024-2034.
Europe has a well-developed machine safety market that is guided by the EU Machinery Directive (2006/42/EU) as well as national regulations. Countries such as Germany, Italy, France, and the USA, are the leading manufacturers of the machine safety market in the region due to the existence of robust manufacturing industries.
The area ascertains a priority for safety and health of
employees involving a need for industrial safety applications. Businesses, in
their operations, focus on the implementation of safety measures to eliminate
workplace hazards and uphold the stipulated regulatory standards. In addition,
the integration of smart safety systems into industrial manufacturing processes
evolves very fast by the implementation of Industry 4.0 practices. For
instance, according to RSM International, approx. 50% of companies in Europe
are actively working on Industry 4.0.
Moreover, progresses in sensors, controllers, as well as in
safety systems allow for the manufacturing of more sophisticated machine safety
solutions that are anticipated to additionally stimulate the market growth in
Europe during the forecast period 2024-2034.
The Asia-Pacific region is an emerging market with growing
momentum for machine safety solutions mainly driven by rapid industrialization,
infrastructural development and spreading workplace safety standards
awareness. The machine safety systems that countries like China, Japan,
India, and South Korea demand in industries are all over the
place. Additionally, governments in the region apply regulation and
policies that enhance workplace safety, creating favorable condition for more
innovation and market growth in machine safety technologies. In addition
to this, the adoption of automation and robotics technologies at many
industries is likely to create a demand for advanced machine safety systems, to
eliminate risks associated with automated machines and to maintain operational
safety, which is expected to drive the growth of the market in Asia-Pacific
region over the forecast period 2024-2034.
Key
Companies in Machine
Safety Market:
The research report offers a competitive analysis of
prominent companies operating in the machine safety market. Some of the leading
players profiled in the market research report include:
·
Schneider Electric
·
Honeywell International, Inc.
·
ABB
·
Rockwell Automation
·
Siemens
·
Omron Corporation
·
KEYENCE CORPORATION
·
Emerson Electric Co.
·
Mitsubishi Electric Corporation
·
SICK AG
·
IDEC Corporation
· Other Players