Global Machine Safety Market Growth (Status and Outlook) 2023-2029

Global Machine Safety Market Growth (Status and Outlook) 2023-2029

The key factors driving the growth of the machine safety market include increasing emphasis on industrial safety and proactive safety measures, rising number of accidents in industries.

LPI (LP Information)' newest research report, the “Machine Safety Industry Forecast” looks at past sales and reviews total world Machine Safety sales in 2022, providing a comprehensive analysis by region and market sector of projected Machine Safety sales for 2023 through 2029. With Machine Safety sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Machine Safety industry.

This Insight Report provides a comprehensive analysis of the global Machine Safety landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Machine Safety portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Machine Safety market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Machine Safety and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Machine Safety.

The global Machine Safety market size is projected to grow from US$ 4939 million in 2022 to US$ 6940.2 million in 2029; it is expected to grow at a CAGR of 5.0% from 2023 to 2029.

The market for programmable safety systems (safety PLCs) is expected to witness a significant growth during the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Machine Safety market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Safety Sensors
Safety PLCs
Safety Modules
E-Stop Devices

Segmentation by application
Aerospace
Equipment Processing
Chemical Industry
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Rockwell
Schneider Electric
Mitsubishi Electric
Omron
Pilz
ABB
Honeywell
Siemens
Keyence
Sick
Banner Engineering

Please note: The report will take approximately 2 business days to prepare and deliver.