Machine Safety Market worth $4,197.04 Million by 2018

Aug. 21, 2013 - PRLog -- According to a new market research report, “Machine Safety Market (http://www.marketsandmarkets.com/Market-Reports/machine-safety-market-1188.html) (2013 - 2018) by Products (Presence Sensing Sensors, Emergency Stop Controls, Interlocks, Relays, PLC), Applications (Assembly, Metal Works, Packaging, Robotics), Standards (European, North American), Geography”, published by MarketsandMarkets, 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 (2013 - 2018) by Products (Presence Sensing Sensors, Emergency Stop Controls, Interlocks, Relays, PLC), Applications (Assembly, Metal Works, Packaging, Robotics), Standards (European, North American), Geography ”.
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The global machine safety market compromises of segmentation by safety products, application and end users. The machine safety product market is segmented as follows: presence sensing sensors, emergency stop control, safety interlock switches, programmable safety PLCs and Safety controllers/relays/modules. The safety products such as safety interlocks, emergency stop control, safety PLCs are majorly deployed in industrial processes/applications for safeguarding the machine and man. Presence sensing sensors are primarily utilized in applications involving hazardous environment and remote applications such as pharmaceutical, chemicals and food & beverages industry. Presence sensing sensors have high market share in metal working applications. Safety 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.

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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.

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