According to a new report, published by KBV research, The Global Machine Safety Market size is expected to reach $7.6 billion by 2030, rising at a market growth of 6.0% CAGR during the forecast period.
The relentless march of automation and the integration of robotics in various industries have fueled the demand for machine safety solutions. As companies deploy advanced machinery and robots, the need to ensure safe interactions between humans and machines becomes paramount. Machine safety systems, including sensors, interlocks, and safety PLCs, create a seamless and secure working environment where humans and machines can collaborate without compromising safety.
The Process segment is registering a CAGR of 5.7 % during the forecast period. Industries within the process segment often operate in high-risk environments with potential hazards such as chemical exposure, high temperatures, heavy machinery, and moving parts. Mitigating these risks drives the demand for advanced machine safety solutions to protect workers and equipment. Machinery and equipment represent significant investments for companies in the process segment.
The Systems segment led the Global Machine Safety Market by Offerings in 2022; thereby, achieving a market value of $4.8 billion by 2030. The systems segment offers integrated safety solutions that combine hardware, software, and services to address complex safety challenges in industrial environments. These solutions encompass safety PLCs, controllers, sensors, switches, and relays, providing comprehensive safety functionality for machinery and equipment
The Presence Detection Sensors segment is growing at a CAGR of 4.7 % during the forecast period. Presence detection sensors provide immediate feedback on the presence of operators or objects within the defined safety zones. This real-time detection allows swift responses, such as triggering emergency stops or adjusting machine operations, to prevent accidents and injuries.
Full Report: https://www.kbvresearch.com/machine-safety-market/
The Europe region dominated the Global Machine Safety Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.5 billion by 2030. The North America region is anticipated to grow at a CAGR of 5.6% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 6.7% during (2023 - 2030).
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