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More Demand for Machine Safety Solutions due to the outbreak of COVID-19

Machine safety systems are aggressively being used for fire and gas monitoring as they offer a platform to enhance operational efficiencies and increase productivity while safeguarding workers. Due to the outbreak of COVID-19, the adoption of these systems will increase in the future as companies will adopt automation at large to ensure continuity of business operations even during crises.

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More Demand for Machine Safety Solutions due to the outbreak of COVID-19

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  1. MarketsandMarkets Presents More Demand for Machine Safety Solutions due to the outbreak of COVID-19 Machine Safety Market with COVID-19 Impact, by Component (Presence Sensing Safety Sensors, Safety PLCs, Safety Modules/Controllers/Relays), Implementation, Application (Assembly, Packaging, Robotics), Industry, and Region - Global Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/machine-safety-market-1188.html

  2. The machine safety market is expected to be valued at USD 4.5 billion in 2020 and is projected to reach USD 6.0 billion by 2025; it is expected to grow at a CAGR of 6.1% from 2020 to 2025. Key factors driving the demand for machine safety systems include strict machine safety mandates, and high requirements for reliable safety systems to ensure personnel and asset protection. Browse 148 market data Tables and 43 Figures spread through 204 Pages and in-depth TOC on "Machine Safety Market - Global Forecast to 2025"

  3. The presense sensing safety sensors component is projected to to hold largest market share of machine safety market from 2020 to 2025. The presense sensing safety sensor market is expect to hold the largest market share owing to the need for security requirements for protecting workers and production units from any accidents mandated by the strict machine safety regulations based on the national and international standards. Moreover the factors such as the rise in machine revolution 4.0, increasing need for safety light curtains in the packaging industry powered by robotics, and rising incidents of accidents in industries are driving the demand for presence sensing safety sensors of machine safety market. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1188 The machine safety market for food & beverages industry is projected to grow at the highest CAGR during the forecast period. The machine safety systems are widely adopted by food and beverage giants to increase production precision and flexibility. Machine safety helps in achieving greater operational transparency across production lines and in ensuring compliance with regulations. The food & beverages industry strives to achieve high quality and consistent production at a low price. This can be achieved by making food & beverages plants more safe, flexible, and profitable by choosing an integrated approach of automated safety control systems such as machine safety solutions.

  4. The machine safety market in Europe is projected to hold the largest market share of machine safety during the forecast period. Europe is the largest markets for machine safety systems as machine safety standards are strictly followed within the European Economic Area (comprises all European Union countries). The safety standards and directives present in the region restrict the supply and operation of machinery that do not meet the regulatory requirements. The machine safety requirements are stringent in the European region, which are driving the growth of the market. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1188 Key Market Players The machine safety players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, contracts, partnerships and, business expansions, to strengthen their offerings in the market. The major players are ABB Ltd. (Switzerland), Emerson Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Siemens AG (Germany), General Electric Co. (US), Yokogawa Electric Corp. (Japan), Omron Corporation (Japan), Keyence Corporation (Japan), Mitsubishi Electric Corporation (Japan), Pilz GmbH & Co. KG (Germany), Sick AG (Germany), Balluff GmbH (Germany), and Banner Engineering Corp. (US) were the major players in the machine safety market.

  5. COVID-19 impact on the machine safety market Machine safety systems are aggressively being used for fire and gas monitoring as they offer a platform to enhance operational efficiencies and increase productivity while safeguarding workers. Due to the outbreak of COVID-19, the adoption of these systems will increase in the future as companies will adopt automation at large to ensure continuity of business operations even during crises. Most of the industries are affected by supply chain disruptions worldwide. Medical devices and pharmaceuticals industries are striving to yield maximum output to cater to the needs of patients in various regions. Pharmaceuticals and food & beverage are the industries that manufacture essential goods and their manufacturing facilities cannot be shut. During this pandemic, these are the 2 industries providing essential items to people. Thus, it is expected that these industries will generate more demand for machine safety solutions.

  6. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

  7. Contact Us Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 For More Info: https://www.marketsandmarkets.com/PressReleases/machine-safety.asp

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