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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