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According to a new report LAMEA Machine Safety Market, published by KBV research, the LAMEA Machine Safety Market Size would witness market growth of 7.1% CAGR during the forecast period (2017-2023). The Brazil market holds the largest market share in LAMEA Emergency Stop Devices Market by Country in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 6.1 % during the forecast period. The Argentina market is expected to witness a CAGR of 8.8% during (2017-2023) in LAMEA Safety Controller/Modules/Relays Market. Additionally, The UAE market is expected to witness a CAGR of 7.2% during (2017-2023) in LAMEA Safety Interlock Switches Market. The Robotics market holds the largest market share in LAMEA Machine Safety Market by Application in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 6.3 % during the forecast period. The Packaging market is expected to witness a CAGR of 6.9% during (2017-2023). Additionally, The Assembly market is expected to witness highest CAGR of 8% during (2017-2023). The Embedded Component market holds the largest market share in Nigeria Machine Safety Market by Implementation in 2016, and would continue to be a dominant market till 2023. The Individual Component market would attain market value of $10.4 million by 2023.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key impacting factors of the Latin America, Middle East and Africa Machine Safety Market have been discussed in the report with the competition analysis and elaborated company profiles of Rockwell Automation, Schneider Electric SE, Mitsubishi Electric Corporation, Omron Corporation, ABB Group, Siemens AG, Honeywell International, Inc., SICK AG, Keyence Corporation, and Banner Engineering.
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