Machine Safety Market – Global Trend & Forecast to 2020 – Growing Emphasis on Industrial Safety & Proactive Safety Measures – Research and Markets
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/gdfflc/machine_safety) has announced the addition of the “Machine Safety Market – Global Trend & Forecast to 2020” report to their offering.
The machine safety market is expected to reach $4.98 Billion by 2020 at a CAGR of 7.5% between 2015 and 2020.
These safety systems are used in various applications such as assembling materials, material handling, metal working, packaging, robotics, and welding among others.
The market for machine safety systems is likely to witness a steady growth in the coming years. Factors which are driving the market include growing emphasis on industrial safety and proactive safety measures, mandatory safety regulations, and improvement in performance and brand image of a company.
Europe held the largest market share in machine safety market in 2014. The machine and industrial safety regulations in this region are stringent and are mandatory for machine manufactures, machine integrators, and end users. APAC is expected to grow at the highest CAGR in the coming years.
Developing economies in the region such as China and India are expected to increasingly adopt machine safety systems. In addition, the growing industrialization, increasing emphasis on industrial and machine safety, and adoption of safety systems by various multinational companies are some of the factors driving the market for machine safety systems in APAC.
- ABB Ltd.
- Euchner GmbH + Co. Kg
- Honeywell International Inc.
- IDEC Corporation
- Mitsubishi Electric Corporation
- Phoenix Contact GmbH & Co. Kg
- Pilz GmbH & Co. Kg
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market Analysis, By Product
8 Market Analysis, By Implementation & Element
9 Market Analysis, By Application
10 Market Analysis, By Geography
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/gdfflc/machine_safety
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Sector: Machine Tools, Machinery and Parts, Material Handling Equipment