Machine Safety Market by (Products, Applications & Standards) Projected to Reach $4,197.04 Million by 2018 - Report by MarketsandMarkets
(PRWEB) April 26, 2014 -- According to a market research report, "Machine Safety Market (2013 - 2018) by Products, Standards, and Geography", the total Machine Safety Market is expected to reach $4,197.04 million by 2018, at a CAGR of 9.02% from 2013 to 2018.
Browse 109 Market Data Tables and 31 Figures spread through 309 pages and in-depth TOC on "Machine Safety Market".
http://www.marketsandmarkets.com/Market-Reports/machine-safety-market-1188.html
Download PDF Today!
http://www.marketsandmarkets.com/pdfdownload.asp?id=1188
Early buyers will receive 10% customization on this report
The report revolves around the machine safety technologies and product types. The trend is changing from traditional mechanical safety interlocks devices to safety programmable logic controllers, relays, modules, and integrated machine safety modules. This trend suggests that the global machine safety market is adapting to modern and advanced technologies for optimum level of safety in various assembly, material handling, metal working, packaging, robotics, welding and other applications. Metal working, Packaging and robotics applications are major contributors to the global machine safety market with contribution of 63% in 2012 worth $1,582.9 million.
Request for Customization:
http://www.marketsandmarkets.com/requestCustomization.asp?id=1188
Market dynamics of machine safety market is provided in this report, which comprises of drivers, restraints, and opportunities of machine safety market. The drivers for this market are: growing government regulations across the world, global presence of MNC subsidiaries and production facilities, pressure from insurance companies, and demand from workers union. The major restraints for this market are lack of awareness and complexity of standards, initial cost of machine safety device and loss of productivity due to safety devices in manual operations. Lack of mix of consulting and technology with respect to safety of plant and production facility also challenges the scope of the technology and type of machine safety devices.
This report also throws light on opportunities and winning imperatives for global machine safety market. Controllers/Modules/Relays have high market share in welding related applications. Programmable Safety Systems (Safety PLCs) is expected to be a major Machine Safety product in future with CAGR projected to exceed 10% in major applications such as assembly, packaging, material handling, metal working and robotics.
Global Machine Safety Market is expected to reach $4,197.04 million by 2018, at an estimated CAGR of 9.02% from 2013 to 2018 with metal working, packaging and robotics application contributing to the global Machine Safety application market with a share of 63% in 2012 and continue to remain stable till 2018.Europe is the leading region in the overall Machine Safety Market with 52% of market share in 2012; followed by North America and APAC with 22% and 20% each in 2012. In ROW, Russia, Brazil and the Middle East are the largest contributors with total share of 6% occupied in global Machine Safety Market.
Browse Related Reports
Hardware Encryption Market - By Algorithms (AES, RSA), Architectures (FPGA, ASIC), Products (Hard Disk Drives, USB Drives and In-Line Encryptions), Applications, Verticals and Geography - Analysis & Forecast (2013 - 2018) http://www.marketsandmarkets.com/Market-Reports/hardware-based-encryption-systems-market-1115.html
Augmented Reality & Virtual Reality Market - By Technology (Mobile & Spatial AR, Semi & Fully Immersive VR); By Sensors & Components (Accelerometer, Data Glove, HMD, ICs); By Applications (Medical, Military, Gaming), By Geography (2013 - 2018)
http://www.marketsandmarkets.com/Market-Reports/augmented-reality-virtual-reality-market-1185.html
About MarketsandMarkets
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, agriculture industry, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-6006-441
Email: sales(at)marketsandmarkets(dot)com
Visit MarketsandMarkets Blog - http://www.marketsandmarketsblog.com
Mr. Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, +91 9881155004, [email protected]
Share this article