Machine Safety Market - Global Trend & Forecast to 2020

“The machine safety market is expected to witness significant growth in the coming years”
The machine safety market is expected to reach USD 4.98 billion by 2020, at a CAGR of 7.5% between 2015 and 2020. The key driving factor for the growth of this market is the growing emphasis on industrial safety and proactive safety measures. In addition, mandatory safety regulations and improvement in performance and brand image of the company are likely to drive the market for machine safety systems in the coming years.
“The market for integrated components is projected to grow rapidly in the coming years”
The machine safety market is segmented on the basis of implementation of these systems. The market for machine integrated safety components is expected to grow at the highest CAGR in the coming years. The machine integrated safety solutions increase efficiency, provide better flexibility to the operators, and reduce downtimes. Therefore, machine manufacturers focus on embedding safety components in various machines, thereby, offering comprehensive solutions to the users.

“APAC is expected to be the fastest-growing market for machine safety during the forecast period”

The market in APAC is expected to grow at the highest CAGR between 2015 and 2020. The major developing countries in the region, China and India, are expected to increasingly adopt the machine safety systems. Increasing emphasis on the machine and industrial safety regulations by various safety standard organizations, growing industrialization, and increasing adoption of safety cultures by multinational companies are projected to drive the market for machine safety systems in the region. The safety regulations in APAC are expected to become stringent for the organizations to follow. Thus, the market in APAC is likely to grow considerably in the coming years.

Break-up of profile of primary participants for the report as given below:
By Company Type - Tier 1 –49%, Tier 2 – 27%, and Tier 3 – 24%
By Designation – C-level – 54%, Director level – 25%, Manager level – 21%
By Region – North America - 35%, Europe – 20%, APAC – 37%, RoW – 8%

The key players in the market include ABB Ltd. (Switzerland), EUCHNER GMBH CO. KG (Germany), Honeywell International (U.S.), IDEC Corp. (Japan), Mitsubishi Electric Corp. (Japan), PHOENIX CONTACT GmbH & Co. KG (Germany), Pilz GmbH & Co. KG (Germany), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), and Siemens AG (Germany) among others.

Reasons to buy the report:
This report includes:
‧ Market statistics pertaining to product, implementation, application, and region
‧ Porter’s five forces framework, utilized along with the value chain analysis, to provide an in-depth insight of the machine safety systems market
‧ Major drivers, restraints, and opportunities for the machine safety market
‧ Analysis, forecast, illustrative segmentation of the market based on product, implementation, application, and geography
‧ Detailed competitive landscape, in-depth analysis, and revenue of key players

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 STUDY SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 GEOGRAPHIC SCOPE 17
1.3.3 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 18
1.5 LIMITATIONS 18
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 22
2.1.2.2 Key industry insights 23
2.1.2.3 Breakdown of primaries 23
2.2 MARKET SIZE ESTIMATION 24
2.2.1 BOTTOM-UP APPROACH 24
2.2.2 TOP-DOWN APPROACH 25
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 32
4.1 MACHINE SAFETY MARKET, 2015–2020 (USD BILLION) 32
4.2 MACHINE SAFETY MARKET, BY PRODUCT (2015–2020) 32
4.3 MACHINE SAFETY MARKET, BY APPLICATION AND REGION (2015) 33
4.4 MACHINE SAFETY MARKET, BY COUNTRY (2015) 34
4.5 MACHINE SAFETY MARKET, BY IMPLEMENTATION TYPE (2015) 34
5 MARKET OVERVIEW 35
5.1 INTRODUCTION 36
5.2 MARKET SEGMENTATION 36
5.2.1 MACHINE SAFETY MARKET, BY PRODUCT 36
5.2.2 MACHINE SAFETY MARKET, BY IMPLEMENTATION & ELEMENT 36
5.2.3 MACHINE SAFETY MARKET, BY APPLICATION 37
5.2.4 MACHINE SAFETY MARKET, BY REGION 37
5.3 MARKET DYNAMICS 38
5.3.1 DRIVERS 39
5.3.1.1 Growing emphasis on industrial safety and proactive safety measures 39
5.3.1.2 Mandatory regulations are fueling the market for safety systems 39
5.3.1.3 Improvement in performance and brand image of the company 39
5.3.2 RESTRAINTS 40
5.3.2.1 Machine safety systems incur additional costs 40
5.3.2.2 Aftermarket safety solutions are complex to install and sometimes lack synchronization with existing setup 41
5.3.3 OPPORTUNITIES 42
5.3.3.1 Industrial Internet of Things (IIOT) is expected to create new opportunities 42
5.3.3.2 Growing industrial market in the Asia–Pacific region 42
5.3.4 CHALLENGES 43
5.3.4.1 Market lacks perfect harmonization of standards 43
6 INDUSTRY TRENDS 44
6.1 INTRODUCTION 44
6.2 VALUE CHAIN ANALYSIS 44
6.3 PORTER’S FIVE FORCES ANALYSIS 46
6.3.1 INTENSITY OF RIVALRY 46
6.3.2 THREAT OF SUBSTITUTES 47
6.3.3 BARGAINING POWER OF BUYERS 48
6.3.4 BARGAINING POWER OF SUPPLIERS 49
6.3.5 THREAT OF NEW ENTRANTS 49
6.4 MACHINE SAFETY STANDARDS 50
7 MARKET ANALYSIS, BY PRODUCT 51
7.1 INTRODUCTION 52
7.2 PRESENCE SENSING SAFETY SENSORS 54
7.2.1 PRESENCE SENSING SENSOR, BY COMPONENT 54
7.2.1.1 Proximity sensors 55
7.2.1.2 Fiber optic Sensors 55
7.2.1.3 Vision sensors 55
7.2.1.4 Ultrasonic sensors 56
7.2.1.5 Infrared sensors 56
7.2.1.6 Laser sensors 56
7.2.2 PRESENCE SENSING SAFETY SENSOR, BY TYPE 57
7.2.2.1 Edges 57
7.2.2.2 Laser scanners 57
7.2.2.3 Light curtains 57
7.2.2.4 Mats 57
7.2.2.5 Optoelectronic devices 57
7.3 EMERGENCY STOP CONTROLS 60
7.3.1 PALM BUTTON SAFETY CONTROLS 60
7.3.2 ROPE (CABLE) PULL SWITCHES 61
7.4 PROGRAMMABLE SAFETY SYSTEMS (SAFETY PLCS) 63
7.5 SAFETY CONTROLLERS/MODULES/RELAYS 66
7.6 SAFETY INTERLOCK SWITCHES 68
7.6.1 ELECTROMECHANICAL 68
7.6.2 HINGE PIN 68
7.6.3 LIMIT 68
7.6.4 NON-CONTACT 68
7.6.5 TONGUE 69
7.6.6 TRAPPED KEY 69
7.7 TWO-HAND SAFETY CONTROLS 71
8 MARKET ANALYSIS, BY IMPLEMENTATION & ELEMENT 74
8.1 INTRODUCTION 75
8.2 MARKET, BY IMPLEMENTATION 75
8.2.1 INDIVIDUAL COMPONENTS 75
8.2.2 INTEGRATED COMPONENTS 76
8.3 MARKET, BY ELEMENT 77
8.3.1 HARDWARE 77
8.3.2 SOFTWARE & SERVICES 78
9 MARKET ANALYSIS, BY APPLICATION 79
9.1 INTRODUCTION 80
9.2 ASSEMBLY 82
9.3 MATERIAL HANDLING 83
9.4 METAL WORKING 85
9.5 PACKAGING 86
9.6 ROBOTICS 88
9.7 WELDING 90
9.8 OTHERS 91
10 MARKET ANALYSIS, BY GEOGRAPHY 93
10.1 INTRODUCTION 94
10.2 NORTH AMERICA 97
10.3 EUROPE 102
10.4 ASIA-PACIFIC 109
10.5 REST OF THE WORLD 116
11 COMPETITIVE LANDSCAPE 122
11.1 OVERVIEW 122
11.2 MARKET RANKING ANALYSIS, 2014 123
11.3 COMPETITIVE SITUATIONS AND TRENDS 124
11.3.1 NEW PRODUCT LAUNCHES 125
11.3.2 ACQUISITIONS, CONTRACTS, AND EXPANSIONS 126
12 COMPANY PROFILES 127
(Overview, Products and Services, Financials, Strategy & Development)*
12.1 INTRODUCTION 127
12.2 ROCKWELL AUTOMATION INC. 128
12.3 SIEMENS AG 131
12.4 PILZ GMBH & CO. KG 134
12.5 SCHNEIDER ELECTRIC SE 137
12.6 MITSUBISHI ELECTRIC CORPORATION 140
12.7 ABB LTD. 143
12.8 HONEYWELL INTERNATIONAL INC. 145
12.9 IDEC CORPORATION 147
12.10 EUCHNER GMBH + CO. KG 149
12.11 PHOENIX CONTACT GMBH & CO. KG 151
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies
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13 APPENDIX 153
13.1 INSIGHTS OF INDUSTRY EXPERTS 153
13.2 DISCUSSION GUIDE 154
13.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 157
13.4 AVAILABLE CUSTOMIZATIONS 158
13.5 RELATED REPORTS 159