Date : November 2024
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.
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 |
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