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Global Machine Safety Market Size study & Forecast, by Offerings (Systems, Sensors), by Components (Presence Detection Sensors, Safety Controllers/Modules/Relays, Programmable Safety Systems), by Process Industry (Chemicals, Food & Beverages, Metals & Mining, Others), by Discrete Industry (Aerospace, Automotive, Others) and Regional Analysis, 2023-2030

March 2024 | 200 pages | ID: GF6BFB34B37AEN
Bizwit Research & Consulting LLP

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Global Machine Safety Market is valued at approximately USD 4.86 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.4 % during the forecast period 2023-2030. Machine safety encompasses the procedures, protocols, and regulatory frameworks implemented to safeguard the welfare of individuals engaged in interactions with machinery. Ensuring machine safety is a vital aspect in workplaces where machinery is employed. By adhering to appropriate safety protocols, employers can effectively safeguard workers from accidents and injuries, thereby fostering a conducive work environment conducive to enhanced morale and productivity. The integration of technology to automate industrial operations has raised concerns regarding the efficient handling of machines and technologies involved, thereby driving the machine safety market. Strict government regulations in industries utilizing heavy and modern machinery aim to prevent damage and loss, thus fostering demand for products and services within this market.

The integration of AI and technologies into industries for automation has been increasing since the onset of the pandemic, driven by regulations promoting contactless operations. According to the International Federation of Robotics, the latest World Robotics report reveals a record-breaking installation of 517,385 new industrial robots in global factories during 2021, marking a 31% year-on-year growth and surpassing the pre-pandemic installation record of 2018 by 22%. Presently, the worldwide inventory of operational robots has reached an unprecedented high of approximately 3.5 million units. The increasing moral standards by industries for the welfare of the employees is on the rise which is a vital opportunity for the Machine Safety Market to grow in the forecasted period. However, the lack of awareness of certain vital safety products and services tends to act as a barrier to the effective utilization of the machines and equipment in various industries.

The key regions considered for the Global Machine Safety Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the stringent regulatory frameworks by the government emphasizing workplace safety and employee welfare along with the integration of technology into the operations have been great contributors to the market in that region. Asia Pacific is expected to grow significantly over the forecast period, owing to the burgeoning industrial advancements in China and India, coupled with the proliferation of robotic utilization and increasing foreign direct investments aimed at establishing novel industrial frameworks, significantly expanding the potential of the Machine Safety Market.

Major market player included in this report are:

Schneider Electric

Honeywell International, Inc.

ABB

Rockwell Automation, Inc.

Siemens AG

OMRON Corporation

Emerson Electric Co.

General Electric

Mitsubishi Electric Corporation

Sick AG

Recent Developments in the Market:
  • In December 2023, Honeywell Automation India Limited secured a contract with Reliance Life Sciences (RLS) to deploy advanced building management and safety technology solutions. Under this collaboration, Honeywell is now responsible for supplying, installing, testing, and commissioning integrated building management systems, including fire detection and voice evacuation systems, across multiple RLS plants located in Nashik, Maharashtra, India.
  • In December 2023, Siemens Smart Infrastructure is boosting fire safety for Building X with new apps and an API for greater transparency. This enhances user experience, performance, and sustainability, integrated within Siemens Xcelerator, enabling seamless digital transformation for customers.
  • In October 2022, OMRON introduces the Safety Virtual Experience: A comprehensive guide to secure automation in adaptable manufacturing environments. The Safety Virtual Experience offered by OMRON offers a comprehensive perspective on safety solutions tailored for factory floors in automotive and intralogistics sectors, providing a 360-degree insight.
Global Machine Safety Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Offerings, Component, Process Industry, Discrete Industry, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offerings:

Systems

Sensors

By Components:

Presence Detection Sensors

Safety Controllers/Modules/Relays

Programmable Safety Systems

Safety Interlock Switches

Emergency Stop Controls

Two-Hand Safety Controls

By Process Industry:

Chemicals

Food & Beverages

Metals & Mining

Oil & Gas

Pharmaceuticals

Power Generation

Others

By Discrete Industry:

Aerospace

Automotive

Semiconductor & Electronics

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Machine Safety Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Machine Safety Market, by Offerings, 2020-2030 (USD Billion)
  1.2.3. Machine Safety Market, by Components, 2020-2030 (USD Billion)
  1.2.4. Machine Safety Market, by Process Industry, 2020-2030 (USD Billion)
  1.2.5. Machine Safety Market, by Discrete Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL MACHINE SAFETY MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL MACHINE SAFETY MARKET DYNAMICS

3.1. Machine Safety Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising adoption of Industry Automation
    3.1.1.2. Strict standards of regulation for safety enhancement in workplaces
  3.1.2. Market Challenges
    3.1.2.1. Lack of consumer awareness on the necessity for machine safety products and services.
    3.1.2.2. High initial cost of the Machine Safet Products and Services
  3.1.3. Market Opportunities
    3.1.3.1. The rising ethical consciousness within industries concerning the upliftment and welfare of workers.
    3.1.3.2. The rise in the adoption of hazardous machinery and equipment across various industries.

CHAPTER 4. GLOBAL MACHINE SAFETY MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL MACHINE SAFETY MARKET, BY OFFERINGS

5.1. Market Snapshot
5.2. Global Machine Safety Market by Offerings, Performance - Potential Analysis
5.3. Global Machine Safety Market Estimates & Forecasts by Offerings 2020-2030 (USD Billion)
5.4. Machine Safety Market, Sub Segment Analysis
  5.4.1. Systems
  5.4.2. Sensors

CHAPTER 6. GLOBAL MACHINE SAFETY MARKET, BY COMPONENTS

6.1. Market Snapshot
6.2. Global Machine Safety Market by Components, Performance - Potential Analysis
6.3. Global Machine Safety Market Estimates & Forecasts by Components 2020-2030 (USD Billion)
6.4. Machine Safety Market, Sub Segment Analysis
  6.4.1. Presence Detection Sensors
  6.4.2. Safety Controllers/Modules/Relays
  6.4.3. Programmable Safety Systems
  6.4.4. Safety Interlock Switches
  6.4.5. Emergency Stop Controls
  6.4.6. Two-Hand Safety Controls

CHAPTER 7. GLOBAL MACHINE SAFETY MARKET, BY PROCESS INDUSTRY

7.1. Market Snapshot
7.2. Global Machine Safety Market by Process Industry, Performance - Potential Analysis
7.3. Global Machine Safety Market Estimates & Forecasts by Process Industry 2020-2030 (USD Billion)
7.4. Machine Safety Market, Sub Segment Analysis
  7.4.1. Chemicals
  7.4.2. Food & Beverages
  7.4.3. Metals & Mining
  7.4.4. Oil & Gas
  7.4.5. Pharmaceuticals
  7.4.6. Power Generation
  7.4.7. Others

CHAPTER 8. GLOBAL MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY

8.1. Market Snapshot
8.2. Global Machine Safety Market by Discrete Industry, Performance - Potential Analysis
8.3. Global Machine Safety Market Estimates & Forecasts by Discrete Industry 2020-2030 (USD Billion)
8.4. Machine Safety Market, Sub Segment Analysis
  8.4.1. Aerospace
  8.4.2. Automotive
  8.4.3. Semiconductor & Electronics
  8.4.4. Others

CHAPTER 9. GLOBAL MACHINE SAFETY MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Machine Safety Market, Regional Market Snapshot
9.4. North America Machine Safety Market
  9.4.1. U.S. Machine Safety Market
    9.4.1.1. Offerings breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Components breakdown estimates & forecasts, 2020-2030
    9.4.1.3. Process Industry breakdown estimates & forecasts, 2020-2030
    9.4.1.4. Discrete Industry breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada Machine Safety Market
9.5. Europe Machine Safety Market Snapshot
  9.5.1. U.K. Machine Safety Market
  9.5.2. Germany Machine Safety Market
  9.5.3. France Machine Safety Market
  9.5.4. Spain Machine Safety Market
  9.5.5. Italy Machine Safety Market
  9.5.6. Rest of Europe Machine Safety Market
9.6. Asia-Pacific Machine Safety Market Snapshot
  9.6.1. China Machine Safety Market
  9.6.2. India Machine Safety Market
  9.6.3. Japan Machine Safety Market
  9.6.4. Australia Machine Safety Market
  9.6.5. South Korea Machine Safety Market
  9.6.6. Rest of Asia Pacific Machine Safety Market
9.7. Latin America Machine Safety Market Snapshot
  9.7.1. Brazil Machine Safety Market
  9.7.2. Mexico Machine Safety Market
9.8. Middle East & Africa Machine Safety Market
  9.8.1. Saudi Arabia Machine Safety Market
  9.8.2. South Africa Machine Safety Market
  9.8.3. Rest of Middle East & Africa Machine Safety Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1 Schneider Electric
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. Honeywell International, Inc.
  10.3.3. ABB
  10.3.4. Rockwell Automation, Inc.
  10.3.5. Siemens AG
  10.3.6. OMRON Corporation
  10.3.7. Emerson Electric Co.
  10.3.8. General Electric
  10.3.9. Mitsubishi Electric Corporation
  10.3.10. Sick AG

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Machine Safety Market, report scope
TABLE 2. Global Machine Safety Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Machine Safety Market estimates & forecasts by Offerings 2020-2030 (USD Billion)
TABLE 4. Global Machine Safety Market estimates & forecasts by Components 2020-2030 (USD Billion)
TABLE 5. Global Machine Safety Market estimates & forecasts by Process Industry 2020-2030 (USD Billion)
TABLE 6. Global Machine Safety Market estimates & forecasts by Discrete Industry 2020-2030 (USD Billion)
TABLE 7. Global Machine Safety Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Machine Safety Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Machine Safety Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Machine Safety Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Machine Safety Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Machine Safety Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Machine Safety Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Machine Safety Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Machine Safety Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Machine Safety Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Machine Safety Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Machine Safety Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Machine Safety Market
TABLE 72. List of primary sources, used in the study of global Machine Safety Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Machine Safety Market, research methodology
FIG 2. Global Machine Safety Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Machine Safety Market, key trends 2022
FIG 5. Global Machine Safety Market, growth prospects 2023-2030
FIG 6. Global Machine Safety Market, porters 5 force model
FIG 7. Global Machine Safety Market, pest analysis
FIG 8. Global Machine Safety Market, value chain analysis
FIG 9. Global Machine Safety Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Machine Safety Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Machine Safety Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Machine Safety Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Machine Safety Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Machine Safety Market, regional snapshot 2020 & 2030
FIG 15. North America Machine Safety Market 2020 & 2030 (USD Billion)
FIG 16. Europe Machine Safety Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Machine Safety Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Machine Safety Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Machine Safety Market 2020 & 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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