Machine Safety Global Market
The global machine safety market is expected to grow from $4.59 billion in 2021 to $4.88 billion in 2022 at a compound annual growth rate (CAGR) of 6.37%. The machine safety market is expected to reach $6.63 billion in 2026 at a compound annual growth rate (CAGR) of 7.97%.
The machine safety market consists of sales of machine safety-related products and services by entities (organizations, sole traders, and partnerships) that refers to the sensor, devices, or switches used to control workplace accidents and improve production efficiency. The objective of machine safety is to protect workers from the hazards of machinery and hazardous effect related to it. Machine safety controllers monitor safety and non-safety input devices providing safe stop and start functions for machines with motion.
The main types of implementations of machine safety are individual and embedded components. Individual machine safety components are used for individual machine components. Individual components, also known as hardware, are primary component of a machine that includes structural components, mechanics, and control components.
Presence sensing safety sensors, safety interlock switches, safety controllers/modules/relays, programmable safety systems, emergency stop controls, and two-hand safety controls are some parts employed in machine safety. Systems including assembly, material handling, metalworking, packing, robotics, and others, require machine safety. Chemicals, food and drink, aircraft and military, automotive, semiconductor and electronics, healthcare and pharmaceuticals, metals and mining, and other industries that employ machine safety are among those that use machine safety.
Western Europe was the largest region in the machine safety market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the machine safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.