Market Research Report
Europe Safety Motion Control Market - By Types, Verticals, Countries and Vendors - Market Trends and Forecasts (2016-2021)
|Published by||Mordor Intelligence LLP||Product code||392799|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Europe Safety Motion Control Market - By Types, Verticals, Countries and Vendors - Market Trends and Forecasts (2016-2021)|
|Published: October 16, 2016||Content info: 120 Pages||
The Europe Safety Motion Control market is estimated to be worth $xx billion in 2015. It is projected to grow at a CAGR of xx.xx% during the forecast period to reach $xx billion by 2020. Motion Control products include a wide range of servo drives, servomotors and actuators. Safety motion control is one of the offerings under the “motion control” category. These Motion Control Devices are specifically designed to help reduce downtime and reduce energy and production waste while improving the machine operating capabilities. The safety-motion control devices can optimize the production of various processes carried out with automated guided vehicles or with the intrusion of personnel. These also make the set up process as well the maintenance of equipment more convenient.
The economic growth of the European region looks to be picking up from the recent slump. Although, the market is growing slowly, given its supportive economic policies, the European market could be favorable for making new investments. As per the World Bank Data, the 2013 GDP annual growth rate was about 0.1 % and this number is estimated to grow in the coming years due to its rising domestic market demand and private consumption.
The Europe Safety Motion Control market is broadly segmented based on types, verticals and regions. Similarly, based on types the market has been segmented into Servo Drives and Servo Motors. Based on its verticals, its applications could be explained under segments such as Automotive, Energy & Power, Manufacturing, Pharmaceutical, Semiconductors, Food & Beverages, Oil & Gas, and others. Some of the market players mentioned in the report are Rockwell Automation, Melexa, SIGMATEK Safety System, ASTRE Engineering Tunisie, Zhejiang Huazhang Automation and more.
The key factors contributing to the growth of Europe Safety Motion Control Market are Industry Safety Standards, Demand for Safe Equipment, Easy Set-up and Maintenance requirements, and High Power requirements.
High Market Competition, Installation Costs, and High Product Costs are the key challenges of the Safety Push Buttons & Signalling Devices Market.
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