Healthcare industry to grow at highest CAGR in safety light curtain market during forecast period
Northbrook, IL -- (SBWIRE) -- 07/02/2019 -- According to the new market research report on the "Safety Light Curtain Market by Safety Level (Type 2, Type 4), Component (LEDs, Photoelectric Cells, Control Units, Display Units), Resolution (9mm–24mm, 25mm–90mm, More Than 90mm), Application, Industry, and Geography - Global Forecast to 2025", published by MarketsandMarkets™, the Safety Light Curtain Market is expected to grow from USD 1.1 billion by 2019 to USD 1.6 billion by 2025 at a CAGR of 6.5% from 2019 to 2025. A few key factors driving the growth of this market include the rise in Industry 4.0 for automation in industries; the growing use of robotics in the packaging industry; and mandatory regulations for safety across industries.
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Safety light curtain market for Type 4 to grow at highest CAGR during forecast period
The market for Type 4 safety light curtains is expected to grow at the highest CAGR during the forecast period. The control unit in a type 4 safety light curtain is more technologically advanced than that in a type 2 safety light curtain. This boosts the growth of the Type 4 safety light curtain market in the near future. The applications of type 4 safety light curtains are determined on the basis of risk assessment; they are recommended in areas wherein risks are moderate to high.
Robotics is expected to hold largest share of safety light curtain market during the forecast period
Advancements in robotics have enhanced productivity and made its application in various manufacturing industry cost-effective and safer. As the manufacturing industry includes pharmaceuticals and food & beverages, the robotics involved in these industries are frequently exposed to water and other liquids. In these industries, wash down safety light curtains are used for protection. Thus, the growing use of robotics is enhancing the growth prospects of the light safety curtain market.
APAC to dominate the safety light curtain market during the forecast period
China is among the fastest-growing economies in APAC, and also one of the largest manufacturing hubs in the region. The industrial robotics market in China is vast and is growing consistently. China is implementing robotics in various industries and exporting these robots worldwide. Industrial automation-related equipment and tools are developed, manufactured, and utilized on a large scale in the manufacturing industry in China. The increasing use of automation equipment and robotics is driving the growth of the safety light curtain market in this country.
Browse in-depth TOC on "Safety Light Curtain Market"
67 – Tables
63 – Figures
158 – Pages
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This report profiles the most promising players in the market. The market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key players in the market are Keyence Corporation (Japan), Omron Corporation (Japan), Rockwell Automation, Inc. (US), SICK AG (Germany), Pepperl+Fuchs (Germany), Banner Engineering (US), Panasonic Corporation (Japan), Schneider Electric (France), Datalogic S.p.A. (Italy), and Leuze Electronic (Germany), and Pilz GmbH & Co. KG (Germany).
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