Machine Safety Market by Component, offerings, Industry & Region

Description

The global Machine Safety market is expected to grow from USD 5.2 billion in 2023 to USD 6.8 billion by 2028, registering a CAGR of 5.7%. The machine safety market is being propelled forward by various factors, including a greater emphasis on worker safety, a growing adoption of industrial automation, the implementation of government regulations and standards, an increasing demand for integrated safety systems, and advancements in machine safety technologies such as artificial intelligence, sensors, and software.

"System segment accounted for the largest share of Machine Safety market in 2022"

Factors driving the growth of the system of machine safety market comprise a heightened attention towards worker safety, a surge in the adoption of industrial automation, government regulations and standards, an escalating demand for integrated safety systems, technological advancements in machine safety like sensors and software, and the requirement to protect machines and equipment from possible dangers.

"Presence detection sensors accounted for the largest share of Machine Safety market in 2022"

The market for presence detection sensors is experiencing a surge in demand, driven by the need to enhance worker safety and regulate the movement of people and objects in hazardous areas. Furthermore, technological advancements have facilitated the development of more effective and dependable sensors, amplifying market growth.

"Food & Beverages industry to grow at highest CAGR in the forecast period"

The food & beverages segment is expected to witness the highest CAGR during the forecast period owing to the high demand for safety equipment and stringent safety regulations in food production. As companies become more aware of strict regulations, there is an increase in demand for machine safety systems to achieve safe and efficient operations in food and beverage manufacturing plants

"Europe to account for the largest market size in 2022"

Europe's machine safety market is expected to grow rapidly due to government regulations on workplace safety, increasing industrial automation adoption, and a need to protect machines from potential dangers. Furthermore, the demand for machine safety technologies and systems is driven by the growth of the automotive and manufacturing industries..

Break-up of the profiles of primary participants:

By Company Type - Tier 1 - 45%, Tier 2 - 35%, and Tier 3 - 20%
By Designation - C-level Executives - 35%, Directors - 43%, and Others - 22%
By Region - North America - 31%, Europe - 19%, Middle East and Africa- 27%, Asia Pacific - 15%, and RoW - 8%

The major players in the market are Emerson Electric Co. (US), Schneider Electric (France), Honeywell International Inc (US), Rockwell Automation, Inc. (US), and Siemens AG (Germany)

Research Coverage:

The Machine Safety market has been segmented into offering, components, industry, and region. The Machine Safety market was studied for North America, Europe, Asia Pacific, and the Rest of the World (RoW). The report describes the major drivers, restraints, challenges, and opportunities pertaining to the Machine Safety market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the Machine Safety ecosystem.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall flow computer market in oil & gas and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Analysis of key drivers (Focus of industrial sector on personal and asset protection, enforcement of stringent machinery and equipment safety regulation, adoption of automation to improve efficiency and productivity), restraints (Huge capital requirement to install and automate machine safety system, complexities associated with machine safety system) opportunities (Increasing awareness about workplace safety standards in emerging economies, Rising use of IIoT to ensure improved performance and extend life span of industrial asset), challenges (Difficulties in designing machine safety products due to ongoing technological advancement, failure to assess and anticipate all potential risks associated with machinery setup).
Product Development/Innovation: Detailed insights on, research & development activities, and new product launches in the machine safety market
Market Development: Comprehensive information about lucrative markets - the report analyses the machine safety market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the machine safety market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Schneider Electric (France), Honeywell International Inc (US), ABB (Switzerland), Rockwell Automation, Inc. (US), Siemens AG (Germany), Omron Corporation (Japan), Keyence Corporation (Japan), Yokogawa Electric Corporation (Japan), Emerson Electric Co. (US), General Electric (US) among others in the machine safety market.

Product Code: SE 2053

1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.3 INCLUSIONS AND EXCLUSIONS
1.4 STUDY SCOPE
- 1.4.1 MARKETS COVERED
- 1.4.2 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
- 1.8.1 RECESSION IMPACT

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
- FIGURE 1 MACHINE SAFETY MARKET: RESEARCH DESIGN
- 2.1.1 SECONDARY DATA
  - 2.1.1.1 Major secondary sources
  - 2.1.1.2 Key data from secondary sources
- 2.1.2 PRIMARY DATA
  - 2.1.2.1 Breakdown of primaries
  - 2.1.2.2 Key data from primary sources
- 2.1.3 SECONDARY AND PRIMARY RESEARCH
  - 2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
- FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE FROM MACHINE SAFETY COMPONENTS
- 2.2.1 BOTTOM-UP APPROACH
  - 2.2.1.1 Bottom-up approach used to arrive at market size
- FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
- 2.2.2 TOP-DOWN APPROACH
  - 2.2.2.1 Top-down approach used to arrive at market size
- FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
- FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
- FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON MACHINE SAFETY MARKET
2.6 RISK ASSESSMENT
- TABLE 1 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY

FIGURE 7 SYSTEMS SEGMENT TO HOLD LARGER MARKET SHARE IN 2023
FIGURE 8 PRESENCE DETECTION SENSORS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
FIGURE 9 PROCESS INDUSTRY SEGMENT TO CAPTURE LARGER MARKET SHARE IN 2028
FIGURE 10 POWER GENERATION SEGMENT TO HOLD LARGEST SHARE OF PROCESS INDUSTRIES IN MACHINE SAFETY MARKET IN 2023
FIGURE 11 AEROSPACE SEGMENT TO HOLD LARGEST SHARE OF DISCRETE INDUSTRIES IN MACHINE SAFETY MARKET IN 2023
FIGURE 12 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN MACHINE SAFETY MARKET
- FIGURE 13 THRIVING FOOD & BEVERAGE INDUSTRY TO CREATE LUCRATIVE OPPORTUNITIES FOR PLAYERS IN MACHINE SAFETY MARKET
4.2 MACHINE SAFETY MARKET, BY OFFERING
- FIGURE 14 SYSTEMS SEGMENT TO COMMAND MACHINE SAFETY MARKET THROUGHOUT FORECAST PERIOD
4.3 MACHINE SAFETY MARKET, BY COMPONENT
- FIGURE 15 PRESENCE DETECTION SENSORS SEGMENT TO CAPTURE MAJORITY OF MACHINE SAFETY MARKET SHARE IN 2028
4.4 MACHINE SAFETY MARKET, BY INDUSTRY
- FIGURE 16 PROCESS INDUSTRY SEGMENT TO EXHIBIT HIGHER CAGR IN MACHINE SAFETY MARKET DURING FORECAST PERIOD
4.5 MACHINE SAFETY MARKET, BY PROCESS INDUSTRY
- FIGURE 17 POWER GENERATION SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FOR PROCESS INDUSTRIES IN 2023
4.6 MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY
- FIGURE 18 AEROSPACE SEGMENT TO HOLD LARGEST MARKET SHARE FOR DISCRETE INDUSTRIES IN 2028
4.7 MACHINE SAFETY MARKET, BY REGION
- FIGURE 19 EUROPE TO HOLD LARGEST SHARE OF GLOBAL MACHINE SAFETY MARKET IN 2028
4.8 MACHINE SAFETY MARKET, BY COUNTRY
- FIGURE 20 US TO RECORD HIGHEST CAGR IN GLOBAL MACHINE SAFETY MARKET FROM 2023 TO 2028

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
- FIGURE 21 MACHINE SAFETY MARKET DYNAMICS
- 5.2.1 DRIVERS
  - 5.2.1.1 Focus of industrial sector on personnel and asset protection
  - 5.2.1.2 Enforcement of stringent machinery and equipment safety regulations
  - 5.2.1.3 Adoption of automation to improve efficiency and productivity
- FIGURE 22 DRIVERS FOR MACHINE SAFETY MARKET AND THEIR IMPACT
- 5.2.2 RESTRAINTS
  - 5.2.2.1 Huge capital requirement to install and automate machine safety systems
  - 5.2.2.2 Complexities associated with machine safety systems
- FIGURE 23 RESTRAINTS FOR MACHINE SAFETY MARKET AND THEIR IMPACT
- 5.2.3 OPPORTUNITIES
  - 5.2.3.1 Increasing awareness about workplace safety standards in emerging economies
  - 5.2.3.2 Rising use of IIoT to ensure improved performance and extend lifespan of industrial assets
- FIGURE 24 OPPORTUNITIES FOR MACHINE SAFETY MARKET AND THEIR IMPACT
- 5.2.4 CHALLENGES
  - 5.2.4.1 Difficulties in designing machine safety products due to ongoing technological advancements
  - 5.2.4.2 Failure to assess and anticipate all potential risks associated with machinery setup
- FIGURE 25 CHALLENGES FOR MACHINE SAFETY MARKET AND THEIR IMPACT
5.3 VALUE CHAIN ANALYSIS
- FIGURE 26 MACHINE SAFETY VALUE CHAIN ANALYSIS
- 5.3.1 RAW MATERIAL PROVIDERS
- 5.3.2 COMPONENT MANUFACTURERS
- 5.3.3 SYSTEM INTEGRATORS
- 5.3.4 DISTRIBUTORS AND RETAILERS
- 5.3.5 END-USER INDUSTRIES
- 5.3.6 POST-SALES SERVICE PROVIDERS
5.4 ECOSYSTEM MAPPING
- FIGURE 27 GLOBAL MACHINE SAFETY MARKET: ECOSYSTEM
- TABLE 2 ROLE OF PLAYERS IN ECOSYSTEM
5.5 PRICING ANALYSIS
- 5.5.1 AVERAGE SELLING PRICE OF MACHINE SAFETY COMPONENTS OFFERED BY MAJOR PLAYERS
- FIGURE 28 AVERAGE SELLING PRICES OF COMPONENTS OFFERED BY KEY PLAYERS
- TABLE 3 AVERAGE SELLING PRICE OF MACHINE SAFETY COMPONENTS PROVIDED BY KEY PLAYERS (USD)
- TABLE 4 AVERAGE SELLING PRICES OF PROGRAMMABLE SAFETY SYSTEMS, BY REGION (USD)
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- FIGURE 29 TRENDS/DISRUPTION IMPACTING CUSTOMER BUSINESS
5.7 PORTER'S FIVE FORCES ANALYSIS
- FIGURE 30 MACHINE SAFETY MARKET: PORTER'S FIVE FORCES ANALYSIS
- TABLE 5 IMPACT OF PORTER'S FIVE FORCES ON MACHINE SAFETY MARKET
- 5.7.1 THREAT OF NEW ENTRANTS
- 5.7.2 THREAT OF SUBSTITUTES
- 5.7.3 BARGAINING POWER OF SUPPLIERS
- 5.7.4 BARGAINING POWER OF BUYERS
- 5.7.5 INTENSITY OF COMPETITIVE RIVALRY
5.8 CASE STUDY ANALYSIS
- 5.8.1 ELOPAK INSTALLS FULLY ASEPTIC FILLING MACHINE FOR GABLE TOP PACKAGING WITH ROBUST PNEUMATICS FROM EMERSON AVENTICS
- 5.8.2 MP EQUIPMENT JOINS HANDS WITH ROCKWELL AUTOMATION SAFETY CONSULTANTS TO RE-EVALUATE PROTEIN PORTIONING MACHINE DESIGN
- 5.8.3 MOLLART ENGINEERING SELECTS PROCTER MACHINE SAFETY'S ENCLOSED GUARDS TO INSTALL IN ITS MACHINE TOOLS
5.9 TECHNOLOGY TRENDS
- 5.9.1 COMPUTER VISION
- 5.9.2 AUTOMATED MACHINE LEARNING
- 5.9.3 INTERNET OF THINGS
- 5.9.4 VIRTUAL REALITY
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
- FIGURE 31 INFLUENCE OF STAKEHOLDERS FROM TOP 3 INDUSTRIES ON BUYING PROCESS
- TABLE 6 INFLUENCE OF STAKEHOLDERS FROM TOP 3 INDUSTRIES ON BUYING MACHINE SAFETY SYSTEMS
- 5.10.2 BUYING CRITERIA
- FIGURE 32 BUYING CRITERIA OF TOP 3 INDUSTRIES
- TABLE 7 KEY BUYING CRITERIA OF TOP 3 INDUSTRIES
5.11 TRADE ANALYSIS
- 5.11.1 TRADE ANALYSIS FOR HS CODE 8536
- FIGURE 33 IMPORT DATA FOR HS CODE 8536, BY KEY COUNTRY, 2017-2021 (USD MILLION)
- FIGURE 34 EXPORT DATA FOR HS CODE 8536, BY KEY COUNTRY, 2017-2021 (USD MILLION)
5.12 PATENT ANALYSIS
- FIGURE 35 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
- FIGURE 36 PATENT ANALYSIS RELATED TO MACHINE SAFETY MARKET
- 5.12.1 LIST OF MAJOR PATENTS
5.13 KEY CONFERENCES AND EVENTS, 2023-2024
- TABLE 8 MACHINE SAFETY MARKET: REGION-WISE LIST OF KEY CONFERENCES AND EVENTS
5.14 STANDARDS AND REGULATORY LANDSCAPE
- 5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 12 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 5.14.2 MACHINE SAFETY-RELATED STANDARDS FOR PROCESS INDUSTRIES
  - 5.14.2.1 I EC 61508
  - 5.14.2.2 I EC 61511
- 5.14.3 MACHINERY
  - 5.14.3.1 IEC 62061

6 IMPLEMENTATION TYPES OF MACHINE SAFETY PRODUCTS

6.1 INTRODUCTION
- FIGURE 37 IMPLEMENTATION TYPES OF MACHINE SAFETY SYSTEMS
6.2 INDIVIDUAL
- 6.2.1 EASY TO INSTALL AND CONTROL FEATURES TO BOOST DEMAND
6.3 EMBEDDED
- 6.3.1 BETTER PERFORMANCE AND ADVANCED SAFETY FEATURES TO DRIVE MARKET

7 INSIGHTS ON SALES CHANNELS OF MACHINE SAFETY COMPONENTS

7.1 INTRODUCTION
- FIGURE 38 MACHINE SAFETY SALES CHANNEL OUTLOOK
7.2 DIRECT
7.3 INDIRECT

8 APPLICATIONS OF MACHINE SAFETY COMPONENTS

8.1 INTRODUCTION
- FIGURE 39 MACHINE SAFETY SYSTEM APPLICATIONS
8.2 ASSEMBLY
- 8.2.1 FOCUS ON ASSEMBLY LINE SAFETY AND SECURITY TO BOOST DEMAND FOR MACHINE SAFETY MEASURES
8.3 ROBOTICS
- 8.3.1 SAFETY REGULATIONS TO PROMPT DEPLOYMENT OF MACHINE SAFETY SYSTEMS IN ROBOTICS APPLICATIONS
8.4 PACKAGING
- 8.4.1 INCREASING NUMBER OF MACHINERY-RELATED ACCIDENTS WHILE HANDLING PACKAGING MACHINES TO PROMOTE ADOPTION OF MACHINE SAFETY SYSTEMS
8.5 MATERIAL HANDLING
- 8.5.1 REDUCTION IN RISK OF DAMAGING MATERIAL-HANDLING EQUIPMENT TO ENCOURAGE USE OF MACHINE SAFETY SOLUTIONS
8.6 METALWORKING
- 8.6.1 ELIMINATION OF MECHANICAL HAZARDS IN METALWORKING TO DRIVE ADOPTION OF MACHINE SAFETY MEASURES
8.7 WELDING & SHIELDING
- 8.7.1 LIGHT CURTAINS, PROTECTIVE SHIELDS, AND SAFETY INTERLOCK FEATURES TO DRIVE DEMAND FOR WELDING & SHIELDING APPLICATIONS

9 MACHINE SAFETY MARKET, BY COMPONENT

9.1 INTRODUCTION
- FIGURE 40 MACHINE SAFETY MARKET, BY COMPONENTS
- FIGURE 41 PRESENCE DETECTION SENSORS TO HOLD LARGEST SHARE OF MACHINE SAFETY MARKET IN 2028
- TABLE 13 MACHINE SAFETY MARKET, BY COMPONENT, 2019-2022 (USD MILLION)
- TABLE 14 MACHINE SAFETY MARKET BY COMPONENT, 2023-2028 (USD MILLION)
- TABLE 15 MACHINE SAFETY MARKET, BY COMPONENT, 2022 (THOUSAND UNITS)
9.2 PRESENCE DETECTION SENSORS
- TABLE 16 PRESENCE DETECTION SENSORS: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 17 PRESENCE DETECTION SENSORS: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 18 PRESENCE DETECTION SENSORS: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 19 PRESENCE DETECTION SENSORS: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 20 PRESENCE DETECTION SENSORS: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 21 PRESENCE DETECTION SENSORS: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
- 9.2.1 SAFETY EDGES
  - 9.2.1.1 Need to safeguard closing edges at potential crushing or shearing points to promote use of safety edges
- 9.2.2 LASER SCANNERS
  - 9.2.2.1 Adoption of laser scanners to prohibit entry of unauthorized entities to drive segmental growth
- 9.2.3 SAFETY LIGHT CURTAINS
  - 9.2.3.1 Necessity to prevent external threats to machinery and other tools to increase demand for safety light curtains
  - 9.2.3.2 Light-emitting diodes (LEDs)
  - 9.2.3.3 Photoelectric cells
  - 9.2.3.4 Control units
  - 9.2.3.5 Displays
  - 9.2.3.6 Enclosures
- 9.2.4 SAFETY MATS
  - 9.2.4.1 Focus on safeguarding workers handling textile machines, water jet machines, etc., to stimulate demand for safety mats
- 9.2.5 OTHER DEVICES
9.3 PROGRAMMABLE SAFETY SYSTEMS
- 9.3.1 DEPLOYMENT OF PROGRAMMABLE SAFETY SYSTEMS FOR PREVENTION OF ACCIDENTS IN INDUSTRIAL SETTINGS TO BOOST SEGMENTAL GROWTH
- TABLE 22 PROGRAMMABLE SAFETY SYSTEMS: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 23 PROGRAMMABLE SAFETY SYSTEMS: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 24 PROGRAMMABLE SAFETY SYSTEMS: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 25 PROGRAMMABLE SAFETY SYSTEMS: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 26 PROGRAMMABLE SAFETY SYSTEMS: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 27 PROGRAMMABLE SAFETY SYSTEMS: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
9.4 SAFETY CONTROLLERS/MODULES/RELAYS
- 9.4.1 UTILIZATION OF SAFETY CONTROLLERS/MODULES/RELAYS FOR EMERGENCY SHUTDOWN OF EQUIPMENT TO FUEL DEMAND
- TABLE 28 SAFETY CONTROLLERS/MODULES/RELAYS: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 29 SAFETY CONTROLLERS/MODULES/RELAYS: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 30 SAFETY CONTROLLERS/MODULES/RELAYS: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 31 SAFETY CONTROLLERS/MODULES/RELAYS: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 32 SAFETY CONTROLLERS/MODULES/RELAYS: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 33 SAFETY CONTROLLERS/MODULES/RELAYS: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
9.5 SAFETY INTERLOCK SWITCHES
- 9.5.1 ELECTROMECHANICAL SWITCHES
  - 9.5.1.1 Use of electromechanical switches to lock equipment doors and panels in closed positions during equipment operations
- 9.5.2 HINGE PIN SWITCHES
  - 9.5.2.1 Integration of tamper-resistant actuators into hinge pin switches for hinging machine guards
- 9.5.3 LIMIT SWITCHES
  - 9.5.3.1 Adoption of limit switches to break connection between machine and power supplies
- 9.5.4 NON-CONTACT INTERLOCK SWITCHES
  - 9.5.4.1 Installation of non-contact safety interlock switches wherein implementation of safety systems is difficult
- 9.5.5 TONGUE INTERLOCK SWITCHES
  - 9.5.5.1 Execution of tongue interlock switches to detect movement of hinged, sliding, or lift-off guard
- 9.5.6 TRAPPED KEY INTERLOCK SWITCHES
  - 9.5.6.1 Use of trapped key switches in applications wherein equipment to be started or shut down in prescribed sequence
- TABLE 34 SAFETY INTERLOCK SWITCHES: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 35 SAFETY INTERLOCK SWITCHES: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 36 SAFETY INTERLOCK SWITCHES: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 37 SAFETY INTERLOCK SWITCHES: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 38 SAFETY INTERLOCK SWITCHES: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 39 SAFETY INTERLOCK SWITCHES: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
9.6 EMERGENCY STOP CONTROLS
- TABLE 40 EMERGENCY STOP CONTROLS: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 41 EMERGENCY STOP CONTROLS: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 42 EMERGENCY STOP CONTROLS: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 43 EMERGENCY STOP CONTROLS: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 44 EMERGENCY STOP CONTROLS: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 45 EMERGENCY STOP CONTROLS: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
- 9.6.1 PUSH BUTTONS
  - 9.6.1.1 Compact housing and easy connection and troubleshooting features to increase adoption of push buttons
- 9.6.2 ROPE (CABLE) PULL BUTTONS
  - 9.6.2.1 Immediate plant shutdown using rope pull buttons in case of emergency to drive segmental growth
9.7 TWO-HAND SAFETY CONTROLS
- 9.7.1 USE OF TWO-HAND SAFETY CONTROLS IN POWER GENERATION APPLICATIONS TO PROPEL MARKET
- TABLE 46 TWO-HAND SAFETY CONTROLS: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 47 TWO-HAND SAFETY CONTROLS: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 48 TWO-HAND SAFETY CONTROLS: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 49 TWO-HAND SAFETY CONTROLS: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 50 TWO-HAND SAFETY CONTROLS: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 51 TWO-HAND SAFETY CONTROLS: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)

10 MACHINE SAFETY MARKET, BY INDUSTRY

10.1 INTRODUCTION
- FIGURE 42 MACHINE SAFETY MARKET, BY INDUSTRY
- FIGURE 43 PROCESS INDUSTRY SEGMENT TO DOMINATE MACHINE SAFETY MARKET THROUGHOUT FORECAST PERIOD
- TABLE 52 MACHINE SAFETY MARKET, BY INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 53 MACHINE SAFETY MARKET, BY INDUSTRY, 2023-2028 (USD MILLION)
10.2 PROCESS INDUSTRY
- TABLE 54 MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 55 MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
- 10.2.1 CHEMICAL
  - 10.2.1.1 Need for safe and reliable operations in chemical industry to propel growth
- TABLE 56 CHEMICAL: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 57 CHEMICAL: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
- 10.2.2 FOOD & BEVERAGE
  - 10.2.2.1 Process automation in food & beverage industry to fuel demand for machine safety systems
- TABLE 58 FOOD & BEVERAGE: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 59 FOOD & BEVERAGE: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
- 10.2.3 METAL & MINING
  - 10.2.3.1 Installation of machine safety systems to prevent hazardous gas leakage to stimulate segmental growth
- TABLE 60 METAL & MINING: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 61 METAL & MINING: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
- 10.2.4 OIL & GAS
  - 10.2.4.1 Stringent regulations and standards to drive requirement for machine safety systems in oil & gas plants
- TABLE 62 OIL & GAS: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 63 OIL & GAS: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
- 10.2.5 PHARMACEUTICAL
  - 10.2.5.1 Deployment of machine safety measures to improve plant efficiency and productivity to fuel market growth
- TABLE 64 PHARMACEUTICAL: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 65 PHARMACEUTICAL: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
- 10.2.6 POWER GENERATION
  - 10.2.6.1 Adoption of machine safety measures to ensure well-being of workers and efficient functioning of equipment to boost market
- TABLE 66 POWER GENERATION: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 67 POWER GENERATION: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
- 10.2.7 OTHER PROCESS INDUSTRIES
- TABLE 68 OTHER PROCESS INDUSTRIES: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 69 OTHER PROCESS INDUSTRIES: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
10.3 DISCRETE INDUSTRY
- TABLE 70 MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 71 MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
- 10.3.1 AEROSPACE
  - 10.3.1.1 Automated processes in aerospace manufacturing plants to create opportunities for machine safety system providers
- TABLE 72 AEROSPACE: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 73 AEROSPACE: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
- 10.3.2 AUTOMOTIVE
  - 10.3.2.1 Use of machine safety systems by automakers to prevent unsafe conditions by overreliance on IT capabilities to foster growth
- TABLE 74 AUTOMOTIVE: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 75 AUTOMOTIVE: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
- 10.3.3 SEMICONDUCTOR & ELECTRONICS
  - 10.3.3.1 Increased use of safety light curtains in semiconductor fabs to boost market
- TABLE 76 SEMICONDUCTOR & ELECTRONICS: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 77 SEMICONDUCTOR & ELECTRONICS: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
- 10.3.4 OTHER DISCRETE INDUSTRIES
- TABLE 78 OTHER DISCRETE INDUSTRIES: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 79 OTHER DISCRETE INDUSTRIES: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)

11 MACHINE SAFETY MARKET, BY REGION

11.1 INTRODUCTION
- FIGURE 44 MACHINE SAFETY MARKET, BY REGION
- FIGURE 45 MACHINE SAFETY MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
- TABLE 80 MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 81 MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
11.2 NORTH AMERICA
- 11.2.1 IMPACT OF RECESSION ON MACHINE SAFETY MARKET IN NORTH AMERICA
- FIGURE 46 NORTH AMERICA: SNAPSHOT OF MACHINE SAFETY MARKET
- TABLE 82 NORTH AMERICA: MACHINE SAFETY MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
- TABLE 83 NORTH AMERICA: MACHINE SAFETY MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
- TABLE 84 NORTH AMERICA: MACHINE SAFETY MARKET, BY COMPONENT, 2019-2022 (USD MILLION)
- TABLE 85 NORTH AMERICA: MACHINE SAFETY MARKET, BY COMPONENT, 2023-2028 (USD MILLION)
- TABLE 86 NORTH AMERICA: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 87 NORTH AMERICA: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 88 NORTH AMERICA: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 89 NORTH AMERICA: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
- 11.2.2 US
  - 11.2.2.1 Implementation of machine safety measures to avoid injuries and fatalities to drive market
- 11.2.3 CANADA
  - 11.2.3.1 Enforcement of strict government regulations to ensure workplace safety to boost demand for machine safety measures
- 11.2.4 MEXICO
  - 11.2.4.1 Industrial growth and technological advancements to accelerate market growth
11.3 EUROPE
- 11.3.1 IMPACT OF RECESSION ON MACHINE SAFETY MARKET IN EUROPE
- FIGURE 47 EUROPE: SNAPSHOT OF MACHINE SAFETY MARKET
- TABLE 90 EUROPE: MACHINE SAFETY MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
- TABLE 91 EUROPE: MACHINE SAFETY MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
- TABLE 92 EUROPE: MACHINE SAFETY MARKET, BY COMPONENT, 2019-2022 (USD MILLION)
- TABLE 93 EUROPE: MACHINE SAFETY MARKET, BY COMPONENT, 2023-2028 (USD MILLION)
- TABLE 94 EUROPE: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 95 EUROPE: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 96 EUROPE: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 97 EUROPE: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
- 11.3.2 UK
  - 11.3.2.1 Solid legal framework for workplace safety to drive demand for machine safety systems
- 11.3.3 GERMANY
  - 11.3.3.1 Adoption of automation in manufacturing processes to drive need for machine safety measures
- 11.3.4 FRANCE
  - 11.3.4.1 Implementation of occupational health and safety policy to fuel growth
- 11.3.5 REST OF EUROPE
11.4 ASIA PACIFIC
- 11.4.1 IMPACT OF RECESSION ON MACHINE SAFETY MARKET IN ASIA PACIFIC
- FIGURE 48 ASIA PACIFIC: SNAPSHOT OF MACHINE SAFETY MARKET
- TABLE 98 ASIA PACIFIC: MACHINE SAFETY MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
- TABLE 99 ASIA PACIFIC: MACHINE SAFETY MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
- TABLE 100 ASIA PACIFIC: MACHINE SAFETY MARKET, BY COMPONENT, 2019-2022 (USD MILLION)
- TABLE 101 ASIA PACIFIC: MACHINE SAFETY MARKET, BY COMPONENT, 2023-2028 (USD MILLION)
- TABLE 102 ASIA PACIFIC: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 103 ASIA PACIFIC: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 104 ASIA PACIFIC: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 105 ASIA PACIFIC: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
- 11.4.2 CHINA
  - 11.4.2.1 Growth of manufacturing sector to drive market
- 11.4.3 JAPAN
  - 11.4.3.1 Fast-growing process industries to fuel adoption of machine safety products
- 11.4.4 INDIA
  - 11.4.4.1 Power for All and Make in India initiatives by Indian government to boost deployment of machine safety systems
- 11.4.5 SOUTH KOREA
  - 11.4.5.1 Enforcement of KOSHA and Machine Safety and Health Law to drive need for machine safety measures
- 11.4.6 REST OF ASIA PACIFIC
11.5 ROW
- 11.5.1 IMPACT OF RECESSION ON MACHINE SAFETY MARKET IN ROW
- FIGURE 49 SOUTH AMERICA TO WITNESS HIGHER CAGR IN MACHINE SAFETY MARKET IN ROW DURING FORECAST PERIOD
- TABLE 106 ROW: MACHINE SAFETY MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 107 ROW: MACHINE SAFETY MARKET, BY REGION, 2023-2028 (USD MILLION)
- TABLE 108 ROW: MACHINE SAFETY MARKET, BY COMPONENT, 2019-2022 (USD MILLION)
- TABLE 109 ROW: MACHINE SAFETY MARKET, BY COMPONENT, 2023-2028 (USD MILLION)
- TABLE 110 ROW: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 111 ROW: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
- TABLE 112 ROW: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
- TABLE 113 ROW: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
- 11.5.2 SOUTH AMERICA
  - 11.5.2.1 South America to emerge as lucrative market for machine safety solution providers
- 11.5.3 MIDDLE EAST & AFRICA
  - 11.5.3.1 Oil & gas industry registered largest share of Middle Eastern market in 2022

12 COMPETITIVE LANDSCAPE

12.1 INTRODUCTION
- TABLE 114 KEY DEVELOPMENTS IN MACHINE SAFETY MARKET, 2021-2022
12.2 REVENUE ANALYSIS OF TOP 5 COMPANIES
- FIGURE 50 MACHINE SAFETY MARKET: REVENUE ANALYSIS, 2022
12.3 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2022
- TABLE 115 MACHINE SAFETY MARKET: DEGREE OF COMPETITION
- FIGURE 51 MACHINE SAFETY MARKET: MARKET SHARE ANALYSIS, 2022
12.4 COMPETITIVE EVALUATION QUADRANT, 2022
- 12.4.1 STARS
- 12.4.2 EMERGING LEADERS
- 12.4.3 PERVASIVE PLAYERS
- 12.4.4 PARTICIPANTS
- FIGURE 52 MACHINE SAFETY MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2022
12.5 SMALL AND MEDIUM-SIZED ENTERPRISES EVALUATION QUADRANT, 2022
- 12.5.1 PROGRESSIVE COMPANIES
- 12.5.2 RESPONSIVE COMPANIES
- 12.5.3 DYNAMIC COMPANIES
- 12.5.4 STARTING BLOCKS
- FIGURE 53 MACHINE SAFETY MARKET (GLOBAL) SME EVALUATION QUADRANT, 2022
- 12.5.5 MACHINE SAFETY MARKET: COMPANY FOOTPRINT
- TABLE 116 COMPANY COMPONENT FOOTPRINT
- TABLE 117 COMPANY INDUSTRY FOOTPRINT
- TABLE 118 COMPANY PROCESS INDUSTRY FOOTPRINT
- TABLE 119 COMPANY DISCRETE INDUSTRY FOOTPRINT
- TABLE 120 COMPANY REGION FOOTPRINT
- TABLE 121 COMPANY FOOTPRINT
12.6 COMPETITIVE BENCHMARKING
- 12.6.1 MACHINE SAFETY MARKET: LIST OF KEY STARTUPS/SMES
- TABLE 122 KEY STARTUPS
- 12.6.2 MACHINE SAFETY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY INDUSTRY
- TABLE 123 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY TYPE
- 12.6.3 MACHINE SAFETY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY PROCESS INDUSTRY
- TABLE 124 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY PROCESS INDUSTRY
- 12.6.4 MACHINE SAFETY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY DISCRETE INDUSTRY
- TABLE 125 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY DISCRETE INDUSTRY
- 12.6.5 MACHINE SAFETY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION
- TABLE 126 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION
12.7 COMPETITIVE SITUATIONS AND TRENDS
- 12.7.1 PRODUCT LAUNCHES
- TABLE 127 MACHINE SAFETY MARKET: PRODUCT LAUNCHES, JANUARY 2021-MARCH 2023
- 12.7.2 DEALS
- TABLE 128 MACHINE SAFETY MARKET: DEALS
- 12.7.3 OTHER DEVELOPMENTS
- TABLE 129 MACHINE SAFETY MARKET: OTHER DEVELOPMENTS

13 COMPANY PROFILES

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
13.1 KEY PLAYERS
- 13.1.1 SCHNEIDER ELECTRIC
- TABLE 130 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
- FIGURE 54 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
- TABLE 131 SCHNEIDER ELECTRIC: PRODUCT/SOLUTION/SERVICE OFFERINGS
- TABLE 132 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES AND DEVELOPMENTS
- TABLE 133 SCHNEIDER ELECTRIC: DEALS
- 13.1.2 HONEYWELL INTERNATIONAL INC.
- TABLE 134 HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW
- FIGURE 55 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
- TABLE 135 HONEYWELL INTERNATIONAL INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS
- TABLE 136 HONEYWELL INTERNATIONAL INC.: DEALS
- 13.1.3 ABB
- TABLE 137 ABB: BUSINESS OVERVIEW
- FIGURE 56 ABB: COMPANY SNAPSHOT
- TABLE 138 ABB: PRODUCT/SOLUTION/SERVICE OFFERINGS
- TABLE 139 ABB: DEALS
- 13.1.4 ROCKWELL AUTOMATION, INC.
- TABLE 140 ROCKWELL AUTOMATION, INC.: BUSINESS OVERVIEW
- FIGURE 57 ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT
- TABLE 141 ROCKWELL AUTOMATION, INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS
- TABLE 142 ROCKWELL AUTOMATION, INC.: PRODUCT LAUNCHES AND DEVELOPMENTS
- TABLE 143 ROCKWELL AUTOMATION, INC.: OTHER DEVELOPMENTS
- 13.1.5 SIEMENS AG
- TABLE 144 SIEMENS AG: BUSINESS OVERVIEW
- FIGURE 58 SIEMENS AG: COMPANY SNAPSHOT
- TABLE 145 SIEMENS AG: PRODUCT/SOLUTION/SERVICE OFFERINGS
- TABLE 146 SIEMENS AG: PRODUCT LAUNCHES AND DEVELOPMENTS
- TABLE 147 SIEMENS AG: OTHER DEVELOPMENTS
- 13.1.6 OMRON CORPORATION
- TABLE 148 OMRON CORPORATION: BUSINESS OVERVIEW
- FIGURE 59 OMRON CORPORATION: COMPANY SNAPSHOT
- TABLE 149 OMRON CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS
- TABLE 150 OMRON CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
- TABLE 151 OMRON CORPORATION: DEALS
- 13.1.7 KEYENCE CORPORATION
- TABLE 152 KEYENCE CORPORATION: BUSINESS OVERVIEW
- FIGURE 60 KEYENCE CORPORATION: COMPANY SNAPSHOT
- TABLE 153 KEYENCE CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS
- TABLE 154 KEYENCE CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
- 13.1.8 YOKOGAWA ELECTRIC CORPORATION
- TABLE 155 YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW
- FIGURE 61 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
- TABLE 156 YOKOGAWA ELECTRIC CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS
- TABLE 157 YOKOGAWA ELECTRIC CORPORATION: OTHER DEVELOPMENTS
- 13.1.9 EMERSON ELECTRIC CO.
- TABLE 158 EMERSON ELECTRIC CO.: BUSINESS OVERVIEW
- FIGURE 62 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
- TABLE 159 EMERSON ELECTRIC CO.: PRODUCT/SOLUTION/SERVICE OFFERINGS
- TABLE 160 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES AND DEVELOPMENTS
- TABLE 161 EMERSON ELECTRIC CO.: DEALS
- 13.1.10 GENERAL ELECTRIC
- TABLE 162 GENERAL ELECTRIC: BUSINESS OVERVIEW
- FIGURE 63 GENERAL ELECTRIC: COMPANY SNAPSHOT
- TABLE 163 GENERAL ELECTRIC: PRODUCT/SOLUTION/SERVICE OFFERINGS
- 13.1.11 MITSUBISHI ELECTRIC CORPORATION
- TABLE 164 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW
- FIGURE 64 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
- TABLE 165 MITSUBISHI ELECTRIC CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS
- 13.1.12 SICK AG
- TABLE 166 SICK AG: BUSINESS OVERVIEW
- FIGURE 65 SICK AG: COMPANY SNAPSHOT
- TABLE 167 SICK AG: PRODUCT/SOLUTION/SERVICE OFFERINGS
- TABLE 168 SICK AG: PRODUCT LAUNCHES AND DEVELOPMENTS
- TABLE 169 SICK AG: DEALS
- 13.1.13 HIMA
- TABLE 170 HIMA: BUSINESS OVERVIEW
- TABLE 171 HIMA: PRODUCT/SOLUTION/SERVICE OFFERINGS
- 13.1.14 IDEC CORPORATION
- TABLE 172 IDEC CORPORATION: BUSINESS OVERVIEW
- FIGURE 66 IDEC CORPORATION: COMPANY SNAPSHOT
- TABLE 173 IDEC CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS
- TABLE 174 IDEC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
13.2 OTHER MAJOR PLAYERS
- 13.2.1 BALLUFF GMBH
- 13.2.2 BANNER ENGINEERING
- 13.2.3 BAUMER
- 13.2.4 PILZ
- 13.2.5 PEPPERL+FUCHS
13.3 OTHER SMALL AND MEDIUM-SIZED ENTERPRISES
- 13.3.1 EUCHNER GMBH + CO. KG
- 13.3.2 DATALOGIC S.P.A.
- 13.3.3 LEUZE ELECTRONIC PVT. LTD.
- 13.3.4 FORTRESS INTERLOCKS
- 13.3.5 K.A. SCHMERSAL GMBH & CO. KG
- 13.3.6 ROCKFORD SYSTEMS
- 13.3.7 STEUTE TECHNOLOGIES GMBH & CO. KG
- 13.3.8 CARLO GAVAZZI HOLDING AG
- 13.3.9 MURRELEKTRONIK GMBH
- 13.3.10 EAO AG
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))**

14 ADJACENT AND RELATED MARKETS

14.1 INTRODUCTION
14.2 STUDY LIMITATIONS
14.3 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM (HIPPS) MARKET, BY OFFERING
- 14.3.1 INTRODUCTION
- TABLE 175 HIPPS MARKET, BY OFFERING, 2018-2021 (USD MILLION)
- TABLE 176 HIPPS MARKET, BY OFFERING, 2022-2027 (USD MILLION)
14.4 COMPONENTS
- TABLE 177 HIPPS MARKET, BY COMPONENT, 2018-2021 (USD MILLION)
- TABLE 178 HIPPS MARKET, BY COMPONENT, 2022-2027 (USD MILLION)
- TABLE 179 HIPPS MARKET FOR COMPONENT, BY INDUSTRY, 2018-2021 (USD MILLION)
- TABLE 180 HIPPS MARKET FOR COMPONENT, BY INDUSTRY, 2022-2027 (USD MILLION)
- 14.4.1 FILED INITIATORS
  - 14.4.1.1 Pressure transmitters function as field initiators for HIPPS
- 14.4.2 LOGIC SOLVERS
  - 14.4.2.1 Solid-state logic solvers
    - 14.4.2.1.1 Featured with superior fault tolerance and high reliability
  - 14.4.2.2 Others
- TABLE 181 HIPPS MARKET FOR LOGIC SOLVERS, BY TYPE, 2018-2021 (USD MILLION)
- TABLE 182 HIPPS MARKET FOR LOGIC SOLVERS, BY TYPE, 2022-2027 (USD MILLION)
- 14.4.3 FINAL CONTROL ELEMENTS
  - 14.4.3.1 Valves
    - 14.4.3.1.1 Key component of HIPPS
  - 14.4.3.2 Actuators
    - 14.4.3.2.1 Enable valves to perform closing and opening functions
- 14.4.4 OTHER COMPONENTS
14.5 SERVICES
- TABLE 183 HIPPS MARKET, BY SERVICE, 2018-2021 (USD MILLION)
- TABLE 184 HIPPS MARKET, BY SERVICE, 2022-2027 (USD MILLION)
- TABLE 185 HIPPS MARKET FOR SERVICE, BY INDUSTRY, 2018-2021 (USD MILLION)
- TABLE 186 HIPPS MARKET FOR SERVICE, BY INDUSTRY, 2022-2027 (USD MILLION)
- 14.5.1 TESTING, INSPECTION, AND CERTIFICATION (TIC)
  - 14.5.1.1 Reliance of end users on testing, inspection, and certification services to examine quality of HIPPS before implementation to boost demand
- 14.5.2 MAINTENANCE
  - 14.5.2.1 Focus on ensuring efficient functionality of HIPPS over extended period to drive need for regular maintenance
- 14.5.3 TRAINING & CONSULTATION
  - 14.5.3.1 Requirement for customized systems to fuel demand for consultation services

15 APPENDIX

15.1 INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS

Machine Safety Market by Component (Presence detection Sensors, Safety Controllers/Modules/Relays, Programmable Safety Systems, Emergency Stop Controls, Two-Hand Safety Controls), offerings, Industry & Region - Forecast to 2028