Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Safety Light Curtain Market size is expected to reach $1.5 billion by 2028, rising at a market growth of 5.3% CAGR during the forecast period.
The Packaging segment acquired maximum revenue share in the Global Safety Light Curtain Market by Application in 2021 thereby, achieving a market value of $438.1 Million by 2028. The exponential increase in the growth of the segment is due to the rising utilization of safety light curtains in the packaging industry. There is a number of harmful and hazardous machines in packaging facilities, which increases the risk of accidents and mishaps.
The Food & Beverage segment has shown the growth rate of 5.6% during (2022 - 2028). The rapid increase in the growth of the segment is attributed to the significantly expanding food and beverages industry. Due to the hectic and busy lifestyles of people all over the world, the demand for processed food is increasing. In order to meet this rising, demand, F&B players all over the world are rapidly integrating a number of advanced machineries.
The More than 90 mm segment is generating highest revenue share the Global Safety Light Curtain Market by Resolution in 2021 thereby, achieving a market value of $720.2 Million by 2028. Hand and arms detection is one of the uses for safety light curtains with a resolution of 25 mm to 90 mm. This resolution is accessible for both type 2 and type 1 safety light curtains.
The Type 2 segment is showcasing CAGR of 5.8% during (2022 - 2028). The rapid surge in the growth of the segment is primarily owing to the cost-effectiveness of such curtains. Type 2 curtains are not as expensive as type 4 curtains and hence are being widely employed. Periodically, the internal circuits of the type 2 safety light curtains are tested.
The Control Units & Display Units segment is leading the Global Safety Light Curtain Market by Component in 2021 thereby, achieving a market value of $675.9 Million by 2028. The increasing growth of the segment is ascribed to the fact that display units play a major role in safety light curtains. It displays the internal faults or errors within the curtain. In addition, it also allows the user to monitor risks throughout the entire process.
The Asia Pacific market dominated the Global Safety Light Curtain Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $571.9 Million by 2028.The Europe market is exhibiting a CAGR of 4.8% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 4.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Omron Corporation, Keyence Corporation, Sick AG, Panasonic Corporation, Schneider Electric SE, Rockwell Automation, Inc., Pepperl + Fuchs Group, Datalogic S.p.A. (Hydra S.p.A.), Banner Engineering Corporation, and Balluff GmbH.
By Safety Level Type
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