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The Latin America, Middle East and Africa Machine Safety Market would witness market growth of 7.1% CAGR during the forecast period (2017-2023). Evolution of Industrial Revolution 4.0 and development of new and improved safety light curtains with digital indicators are other factors that would offer significant market opportunities during the forecast period. Compatibility of safety systems and machine safety environment could be a challenge for safety system designers. One of the biggest challenges for the machine safety system engineers would be to design system architecture that would have the highest probability of preventing failures or efficiently control the systems in case of an emergency situations. Insufficient risk assessments would also lead to overlooking of important requirements pertaining to design and performance of interlock devices and monitoring components such as relays and safety-rated programmable logic controllers.
Based on Implementation, the Machine Safety market segments the market into Embedded Component and Individual Component. Based on Component, the market report segments the market into Presence-Sensing Safety Sensors, Emergency Stop Devices, Programmable Safety Systems (Safety PLCs), Safety ControllerModulesRelays, Safety Interlock Switches, and Others. Based on End User, the Machine Safety market segments the market into Automotive & Transportation, Oil & Gas, Chemicals, Semiconductor & Electronics, Food & Beverages, Healthcare, Aerospace, and Others. Based on Application, the Machine Safety market segments the market into Robotics, Packaging, Assembly, Material Handling, Metal Working, and Others. Based on Countries, the Machine Safety market segments the market into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA. The market research report covers the competition analysis of key stake holders of the Latin America, Middle East and Africa Machine Safety Market.
Key companies profiled in the report include Rockwell Automation, Schneider Electric SE, Mitsubishi Electric Corporation, Omron Corporation, ABB Group, Siemens AG, Honeywell International, Inc., SICK AG, Keyence Corporation, and Banner Engineering.