Northbrook, IL -- (SBWIRE) -- 11/28/2018 -- [168 Pages Report] The machine safety market was valued at USD 4.14 Billion in 2017 and is expected to reach USD 6.58 Billion by 2025, at a CAGR of 6.0% during the forecast period. Growing emphasis on industrial safety and proactive safety measures, rising number of accidents in industries, mandatory safety standards and government policies, and increasing demand for presence-sensing safety devices are driving the growth of the market.

Factors that are driving the growth of the market include growing emphasis on industrial safety and proactive safety measures, rising number of accidents in industries, mandatory safety standards and government policies, and increasing demand for presence-sensing safety devices.

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However, failure to protect workers and machines from secondary hazards, along with additional costs associated with machine safety systems, is hindering the growth of the market. Evolution of Industrial Revolution 4.0 and development of new and improved safety light curtains with digital indicators provide growth opportunities for the machine safety market. The machine safety market has been segmented on the basis of component, implementation, application, industry, and region.

The machine safety market, on the basis of component, has been segmented into presence-sensing safety sensors, programmable safety systems, safety modules/controllers/relays, safety interlock switches, e-stop devices, and two-hand safety controls. The leading position of presence-sensing safety sensors, in terms of market size, can be attributed to the increasing security requirements to protect workers and production units from accidents.

Safety sensors play an important role in implementing machine safety solutions in various industrial applications. Presence-sensing safety devices are suitable for applications in which personnel need frequent and safe access to critical areas near robotic welding, stamping, hydraulic presses, filter presses, or packaging equipment. The market for programmable safety systems is expected to grow at the highest rate between 2018 and 2025. Safety PLCs play an important role in ensuring safety of machines and their operators. These safety PLC systems also help in the implementation of safety standards and safety-related programming for automated machines.

The automotive industry held the largest size of the machine safety market in 2017. The rising demand for automobiles owing to the increasing population with purchasing power worldwide and the feasibility of easy loans is driving the growth of the market for the automotive industry.

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The food & beverages industry is growing by opting for an integrated approach of safety and automation, making plants more flexible, safe, and profitable. Various machine safety systems, such as presence-sensing safety sensors, safety light curtains, emergency stop devices, and safety PLCs, have applications in the food & beverages industry.

The key players operating in the machine safety market include Rockwell (US), Pilz (Germany), Schneider (France), SICK (Germany), Mitsubishi Electric (Japan), ABB (Switzerland), Honeywell (US), Omron (Japan), Keyence (Japan), IDEC (Japan), Banner Engineering (US), (US), Pepperl + Fuchs (Germany), Euchner (Germany), Phoenix Contact (Germany), (Germany), and Datalogic (Italy). These players focus on product launches and developments to expand their businesses.

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