Market Overview: 

Machines are used extensively in a number of industrial applications like assembly, packaging, robotics, material handling, and many others. Machine safety is the security and protection applied to both machines and operators working on them. Machines have the potential to cause damage and severe injuries at the workplace, hence, safeguarding the machines, and its parts, processes, or function, is essential to protect the workers from these injuries. The impact of such instances on the environment, workers, and the production has become critical for manufacturers. Companies are more inclined to adopt safety systems that provide security to employees through sustainable strategic programs.

The increasing number of accidents at workplace, along with the rising emphasis on proactive industrial safety is driving the growth of the Machine Safety Market. Assembling is a fast and continuous process involving the movement of machinery and hazardous equipment that can cause harm to workers. Therefore, prevention to these accidents is the primary focus of organizations as there has been increasing attention on machine safety. The implementation of machine safety systems in these assembly lines act as a shield, covering the hazardous areas of a machine which is used to prevent any damage to the human body. The increasing adoption and improvements in safety devices such as safety curtains with the integration of light and digital indicators, along with the development of Industrial Revolution 4.0 can be seen as a potential growth opportunity of this market. However, the added cost associated with machine safety technology, and few instances of system failure in protecting machines and workers, is hampering the growth of the market.

In April 2018, Rockwell Automation developed controllers that can simplify and improve the safety performance of the machines. The scalability of Compact GuardLogix 5380, and Allen-BradleyLogix 5580 controllers can be increased that can assist engineers to optimize the safety system design at a comparatively lower cost. These devices are high-performance controllers that use increased processing power to achieve faster reaction times and shorter safe distances. This helps to create smaller machines, increase operation efficiencies, reduce cost, and save valuable floor space, along with preventing the machines and workers from damage.

The global Machine Safety Market is expected to reach approximately USD 6.48 billion by 2023 growing at a 6.88% CAGR over the forecast period 2018–2023.

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Machine Safety Market – Segmentation

The report is segmented into five dynamics.

By Component: Programmable Safety Systems, Presence-Sensing Safety Sensors, Safety Controllers/ Modules/Relays, Safety Interlock Switches, Emergency Stop Devices, And Two-Hand Safety Controls, and others.
By Implementation: Individual and Embedded Components.
By Application: Robotics, Assembly, Material Handling, Metalworking, Packaging, and others.
By Industry: Chemicals, Oil & Gas, Aerospace, Food & Beverages, Semiconductor & Electronics, Healthcare, Automotive, and others.
By Regions: Americas, Europe, APAC, and the Rest-of-the-World.

Key Players

Prominent Key Players in the machine safety market include Rockwell (US), Honeywell (US), SICK (Germany), ABB (Switzerland), Schneider (France), Mitsubishi Electric (Japan), Pilz (Germany), Keyence (Japan), Banner Engineering (US), Omron (Japan), and IDEC Corporation (Japan)

Other global players in this market are Pepperl + Fuchs (Germany), Phoenix Contact (Germany), Euchner (Germany), and Datalogic (Italy).

Global Machine Safety Market – Regional Analysis

Europe dominates the global machine safety market. The largest market share attributes to the growing automation in various burgeoning industries.  Besides, the strong presence of a number of industry players in the region drives the growth of the market. Moreover, the burgeoning manufacturing sectors and the rising R&D investments foster the development of the regional market.

Implementation of legislation such as Machinery Directive 2006/45/EU and other governing machine safety requirements supports the regional market growth, ensuring machines and workers protection in various organizations. The European machine safety market is projected to retain its dominance throughout the estimated period.

North America is another lucrative market for machine safety solutions globally. The market growth attributes to the early uptake of advanced technologies and the growing demand for safety features. Additionally, well-established industries in this region create substantial market demand. The US holds the leading share in the regional market due to the massive technological upgrades brought by prominent players in the region. The North American machine safety market is expected to grow colossally during the review period.

The Asia Pacific region also holds a sizable market share in the global machine safety market. Factors such as the continuous growth in technologies and several notable industry players in the region push the market growth. China is the leading market for machine safety solutions in the region, followed by India and South Korea.  Moreover, the increasing awareness about technological developments in machine safety is a key driving force driving the demand. The APAC machine safety market is anticipated to grow at an impressive CAGR during the assessment period.

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