Machine Safety Top Companies-Recent Developments, Business Strategy, Deal Strategy, Patent Strategy, Benchmarking and Management Outlook
Date : November 2024
Machine Safety Market Size Analysis and Top Companies
The global machine safety market size is estimated to hit around USD 10.09 billion by 2033, increasing from USD 5.43 billion in 2023 with a CAGR of 5.8% from 2023 to 2033.The top companies operating in the machine safety are Emerson Electric Co., Siemens AG, Mitsubishi Electric Corporation, SICK AG, Schneider Electric SE, OMRON Corporation, B&R Automation, Honeywell International, Inc., ABB Ltd., Rockwell Automation, KEYENCE CORPORATION, and Others.
Market Report Coverage
| Report Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 6.20% |
| Market Size in 2023 | USD 5.43 Billion |
| Market Size in 2024 | USD 5.77 Billion |
| Market Size by 2033 | USD 10.09 Billion |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Component, By Implementation, and By Industry Vertical |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Machine Safety Key Players
- Emerson Electric Co.
- Siemens AG
- Mitsubishi Electric Corporation
- SICK AG
- Schneider Electric SE
- OMRON Corporation
- B&R Automation
- Honeywell International, Inc.
- ABB Ltd.
- Rockwell Automation
- KEYENCE CORPORATION
Recent Developments
- September 2023: Bollé Safety launched PPE accessory for cleanroom professionals. The product provides the use of sterilized eye protection to ensure operator safety and maintain reduced contamination levels.
- June 2023: Wabtec announced the launch of its Generation 3 Collision Avoidance System (CAS). The new system will enhance productivity and safety, as well as deliver a new level of performance with intelligence and rules capability.
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Keypoints
- Company Overview
- Locations & Subsidiaries/Geographic reach
- Key Executives
- Company Financials
- Patents registered
- SWOT Analysis
- Corporate Strategy
- Applications Catered
- Strategic collaborations
- Recent Developments
- Competitive Benchmarking