World Safety Light Curtain Market to Post 4.4% CAGR to 2023, States M&M in Its Topical Research Report Available at MarketPublishers.com
05 Dec 2017 • by Natalie Aster
LONDON – Worldwide, the safety light curtain market is anticipated to post a 4.4% CAGR in the years to come, to be worth more than USD 1.178 billion by 2023. The key factors fuelling the sector’s growth include the rise of incidents of industrial accidents, booming industrial revolution 4.0, and the surging need for safety light curtains in the packaging domain powered by robotics, and mandatory safety requirements. Meantime, inability of safety light curtains to safeguard from secondary disasters and the requirement of routine maintenance of safety light curtains are constraining the sector’s growth.
With respect to components, the control units segment is poised to grow at the fastest pace in the years to come. By resolution, the 25–90mm safety light curtains segment is expected to observe high growth till 2023.
APAC is poised to capture the lion’s portion of the total market to 2023. China and India are the most rapidly evolving economies across the region with the surging number of manufacturing sectors, and this in turn stimulating the growth of the regional safety light curtain marketplace.
Omron, KEYENCE, Rockwell Automation, SICK, Pepperl+Fuchs, Banner Engineering, Panasonic, Schneider Electric, Datalogic, and Leuze Electronic, amongst others, are the most outstanding players in the market space.
Topical research report “Safety Light Curtain Market - Global Forecast to 2023” created by M&M offers a complete analysis of the market worldwide. It provides an exhaustive assessment of the market and its major segments (based on component, safety level, resolution, industry sector, and geography-wise; providing market size estimates alongside forecasts for the total market and each of its individual segments. The report offers a comprehensive assessment of the major drivers, hindrances, emerging opportunities, and challenges. The research study highlights the market current and future trends, and sheds light on the competitive environment. It also provides comprehensive profiles of the top players, major innovators and other important market participants, covering their revenues.
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