DUBLIN--(BUSINESS WIRE)--The "Global Machine Safeguarding Solutions Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The machine safeguarding solutions market will register a CAGR of over 6% by 2023.
Vendors in the global machine safeguarding solutions market have traditionally relied on conventional solutions such as physical barriers, emergency stop switches, and two-hand control switches. Vendors in the market are increasingly offering products that increase the effectiveness of machine safeguarding solutions. These solutions automate the process of stopping machines and ensure the safety of workers. Light curtains, interlock switches, PLCs, and input/output blocks can send important data back and forth with this solution. Thus, machine safeguarding solutions are increasingly becoming a part of industrial automation systems.
Market Overview
Growth of end-user industries
Manufacturing of consumer and industrial goods requires several machining operations such as milling, grinding, boring, and bending. These operations are performed using machine tools such as mills, boring tools, cutting tools, and punching tools. Thus, with the growth in sales of machine tools and motion and drive systems, the demand for machine safeguarding solutions is increasing.
Poor implementation of workplace safety norms in developing countries
Most of the developing countries are characterized by a poor track record of workplace safety regulations and their implementation. Therefore, the lack of well-defined regulations and enforcement agencies in developing countries hinders the growth of the global machine safeguarding solutions market.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Switches - Market size and forecast 2018-2023
- Controllers - Market size and forecast 2018-2023
- Sensors - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increasing use of robots in industrial manufacturing
- Emergence of China as an important market for machine
- safeguarding solutions
- Inbuilt safeguarding solutions in machines
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- ABB
- Emerson Electric Co.
- Honeywell International Inc.
- Rockwell Automation, Inc.
- Schneider Electric
- Siemens AG
PART 14: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/r/qnxckm