機械安全市場規模、シェア、動向、2030年までの世界予測

Machine Safety Market - Global Forecast to 2030

Machine Safety Market by Component (Safety Light Curtains, Laser Scanners, Safety Controllers/Modules/Relays, Programmable Safety Systems, Safety Interlock Switches, Push Buttons, Pull Rope Buttons, Two-Hand Safety Controls) - Global Forecast to 2030

商品番号 : SMB-32776

出版社MarketsandMarkets
出版年月2025年11月
ページ数282
図表数317
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

機械安全市場 – コンポーネント(セーフティライトカーテン、レーザースキャナ、セーフティコントローラ/モジュール/リレー、プログラマブルセーフティシステム、セーフティインターロックスイッチ、プッシュボタン、プルロープボタン、両手操作式セーフティコントロール) – 2030年までの世界予測

世界の機械安全市場は、年平均成長率(CAGR)5.7%で成長し、2025年の56億6,000万米ドルから2030年には74億5,000万米ドルに成長すると予測されています。産業火災や爆発は、企業や政府に人命や財産の損失に対する賠償として数十億ドルの費用を負担させます。産業施設や製造施設における建物火災の4分の1は、機器の機械的な故障や不具合が原因です。そのため、プロセス産業では、職場における事故の削減に役立つ様々なセキュリティ技術や機器を導入しています。このように、事故を未然に防ぐための予防的安全対策の導入がますます重要視されていることが、機械安全市場の成長を牽引しています。

本レポートは、機械安全市場を、提供内容、コンポーネント、実装、接続性、用途、業界、地域に基づいてセグメント化しています。提供内容セグメントには、システムとセンサーが含まれます。コンポーネントセグメントには、存在検知センサー、安全コントローラ/モジュール/リレー、プログラマブル安全システム、安全インターロックスイッチ、緊急停止制御、両手操作安全制御が含まれます。実装セグメントには、個別接続と組み込み接続が含まれます。接続性セグメントには、有線接続と無線接続が含まれます。用途セグメントには、組立、ロボット工学、包装、マテリアルハンドリング、金属加工、溶接・シールドが含まれます。業界セグメントには、プロセス産業とディスクリート産業が含まれます。市場は、北米、アジア太平洋、欧州、その他(RoW)の4つの地域にセグメント化されています。

本レポートは、市場全体および各サブセグメントの収益数値の近似値に関する情報を提供し、この市場のリーダー企業および新規参入企業にとって役立ちます。また、ステークホルダーが競争環境を理解し、事業のポジショニングを改善し、適切な市場開拓戦略を策定するための洞察を深めるのに役立ちます。さらに、本レポートは、ステークホルダーが機械安全市場の動向を理解し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供するのにも役立ちます。

本レポートを購入する主なメリット

機械安全市場の成長に影響を与える主要な推進要因(産業分野における人員および資産保護の増加、機器および機械に対する安全基準の義務化、効率性と生産性向上を促進する自動化)、制約要因(自動化された機械安全システムの導入に伴う高コスト、機械安全システム統合の複雑さ)、機会(新興経済国における職場の安全意識の高まり、産業資産のパフォーマンスと寿命を最適化するためのIIoTの導入拡大)、および課題(技術の進歩による機械安全製品設計の複雑化、機械構成における潜在的リスクの評価不足)の分析

  • 製品開発/イノベーション:機械安全市場における今後の技術、研究開発活動、製品投入に関する詳細な洞察
  • 市場開発:様々な地域における機械安全市場の分析を含む、収益性の高い市場に関する包括的な情報
  • 市場多様化:機械安全市場における新製品/サービス、未開拓地域、最近の動向、投資に関する網羅的な情報
  • 競合評価:シーメンス(ドイツ)、シュナイダーエレクトリック(フランス)、キーエンス(日本)、ロックウェル・オートメーション(米国)、エマソン・エレクトリック(米国)といった主要企業の市場シェア、成長戦略、サービス提供に関する詳細な評価

Report Description

At a CAGR of 5.7%, the global machine safety market is anticipated to grow from USD 5.66 billion in 2025 to USD 7.45 billion by 2030. Industrial fires and explosions cost companies and governments billions of dollars in compensation for loss of life and property. Mechanical failure or malfunction in equipment is responsible for igniting one in four structure fires in industrial or manufacturing properties. Consequently, process industries are adopting several security technologies and equipment that help reduce workplace accidents. Thus, rising emphasis on implementing proactive safety measures to prevent accidents drives the growth of the machine safety market.

機械安全市場規模、シェア、動向、2030年までの世界予測
Machine Safety Market – Global Forecast to 2030

“Individual segment to capture prominent share of machine safety market”

Machine safety systems combine several components to safeguard personnel in an industrial environment, involving critical machinery, assembly lines, packaging lines, and robotic applications. These include presence-sensing safety sensors, emergency stop devices, safety PLCs, safety controllers/modules/relays, and safety interlock switches. Individual safety components are installed by assessing risks, identifying potential hazards, considering machine guarding needs, and adding advanced controls. Industries prefer individual components as they are easy to install and control. The functionalities of individual safety components are limited and fulfill only basic safety-related requirements.

“Safety controllers/modules/relays segment to account for second-largest share of machine safety market, by component”

Machine safety devices require safety controllers/modules/relays to shut down equipment in an emergency, reducing risks significantly. When an error occurs, these relays initiate a safe and reliable response. Each safety relay monitors a specific function. Manufacturing industries utilize these relays with additional safety equipment, including safety guards, light curtains, and safety mats. This collective assembly forms an all-inclusive safety system to safeguard workers and prevent workplace accidents. Machine safety manufacturing companies are expanding their product portfolio of safety controllers.

機械安全市場規模、シェア、動向、2030年までの世界予測 - 地域
Machine Safety Market – Global Forecast to 2030 – region

“Rising adoption of stringent safety standards to position North America as the second-fastest growing market”

The machine safety market in North America is witnessing growth during the forecast period. The North American market has been studied for the US, Canada, and Mexico. The region has stringent machine safety standards, driving the market growth. Various machine safety standards have been established in the region by organizations, such as the American National Standards Institute (ANSI), the National Fire Protection Association (NFPA), the Robotic Industries Association (RIA), and the Occupational Safety & Health Administration (OSHA). OSHA and ANSI have also outlined the minimum requirements that need to be followed by employers to ensure safe working conditions. Failing to comply with machine safety regulations leads to fines and disciplinary actions against companies. The adoption of machine safety systems in North America is further driven by the presence of significant oil- and gas-producing countries such as the US and Canada. Additionally, many suppliers and safety system manufacturers have facilities in this region.

Breakdown of Primaries

Various executives from key organizations operating in the machine safety market, including CEOs, marketing directors, and innovation and technology directors, were interviewed in-depth.

  • By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
  • By Designation: Directors – 33%, C-level Executives – 48%, and Others – 19%
  • By Region: North America – 35%, Europe – 18%, Asia Pacific – 40%, and RoW – 7%

Note: Three tiers of companies have been defined based on their total revenue as of 2024; Tier 1: Greater than USD 100 million, Tier 2: Between USD 50 million and USD 100 million, and Tier 3: Less than USD 50 million. Other designations include sales managers, marketing managers, and product managers.

Major players profiled in this report are Schneider Electric (France), Honeywell International Inc.(US), ABB (Switzerland), Rockwell Automation (US), Siemens (Germany), OMRON Corporation (Japan), KEYENCE CORPORATION (Japan), Yokogawa Electric Corporation (Japan), Emerson Electric Co. (US), Mitsubishi Electric Corporation (Japan), SICK AG (Germany), HIMA (Germany), IDEC Corporation (Japan), Balluff GmbH (Germany), Banner Engineering Corp. (US), Baumer (Switzerland), Pilz GmbH & Co. KG (Germany), Pepperl+Fuchs SE (Germany), EUCHNER GmbH + Co. KG (Germany), Datalogic S.p.A. (Italy), Leuze electronic GmbH + Co. KG (Germany), Fortress Interlocks (UK), K.A. Schmersal GmbH & Co. KG (Germany), steute Technologies GmbH & Co. KG (Germany), Carlo Gavazzi (Switzerland),  Murrelektronik GmbH (Germany), and EAO AG (Switzerland). These leading companies possess a broad portfolio of products and establish a prominent presence in established and emerging markets.

機械安全市場規模、シェア、動向、2030年までの世界予測 - 対象企業
Machine Safety Market – Global Forecast to 2030 – ecosystem

The study provides a detailed competitive analysis of these key market players, presenting their company profiles, most recent developments, and key market strategies.

Research Coverage

This report segments the machine safety market based on offering, component, implementation, connectivity, application, industry, and region. The offering segment includes systems and sensors. The component segment comprises presence detection sensors, safety controllers/modules/relays, programmable safety systems, safety interlock switches, emergency stop controls, and two-hand safety controls. The implementation segment includes individual and embedded. The connectivity segment includes wired and wireless. The application segment comprises assembly, robotics, packaging, material handling, metal working, and welding & shielding. The industry segment includes process and discrete industries. The market has been segmented into four regions: North America, Asia Pacific, Europe, and Rest of the World (RoW).

Reasons to Buy the Report

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the machine safety market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Key Benefits of Buying the Report

Analysis of key drivers (Rising personnel and asset protection in the industrial sector, Mandatory safety standards for equipment and machinery, Automation to drive efficiency and productivity gains), restraints (High costs associated with of automated machine safety system implementation, Complexity of machine safety system integration), opportunities (Rising workplace safety awareness in emerging economies, Growing adoption of IIoT to optimize industrial asset performance and lifespan), and challenges (Technological advancements complicate machine safety product design, Failing to assess potential risks in machine configuration) influencing the growth of the machine safety market

  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the machine safety market
  • Market Development: Comprehensive information about lucrative markets, including the analysis of the machine safety market across varied regions
  • Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the machine safety market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, including Siemens (Germany), Schneider Electric (France), KEYENCE CORPORATION (Japan), Rockwell Automation (US), and Emerson Electric Co. (US)

Table of Contents

1          INTRODUCTION     29

1.1        STUDY OBJECTIVES          29

1.2        MARKET DEFINITION          29

1.3        STUDY SCOPE     30

1.3.1      MARKETS COVERED AND REGIONAL SCOPE   30

1.3.2      INCLUSIONS AND EXCLUSIONS         31

1.3.3      YEARS CONSIDERED         31

1.3.4      CURRENCY CONSIDERED    32

1.4        LIMITATIONS        32

1.5        STAKEHOLDERS   32

1.6        SUMMARY OF CHANGES     33

2          EXECUTIVE SUMMARY       34

2.1        KEY INSIGHTS AND MARKET HIGHLIGHTS       34

2.2        KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS   35

2.3        DISRUPTIVE TRENDS SHAPING MARKET         36

2.4        HIGH-GROWTH SEGMENTS 37

2.5        SNAPSHOT: GLOBAL MARKET SIZE, GROWTH RATE, AND FORECAST          38

3          PREMIUM INSIGHTS            39

3.1        ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MACHINE SAFETY MARKET 39

3.2        MACHINE SAFETY MARKET, BY OFFERING      39

3.3        MACHINE SAFETY MARKET, BY INDUSTRY     40

3.4        NORTH AMERICA: MACHINE SAFETY MARKET, BY INDUSTRY AND COUNTRY           40

3.5        MACHINE SAFETY MARKET, BY REGION         41

4          MARKET OVERVIEW          42

4.1        INTRODUCTION     42

4.2        MARKET DYNAMICS          42

4.2.1      DRIVERS 43

4.2.1.1   Rise in personnel and asset protection in industrial sector            43

4.2.1.2   Mandatory safety standards for equipment and machinery            43

4.2.1.3   Automation to drive efficiency and productivity gains     44

4.2.2      RESTRAINTS       44

4.2.2.1   High costs associated with implementation of automated

machine safety systems     44

4.2.2.2   Complexity of machine safety system integration         45

4.2.3      OPPORTUNITIES   45

4.2.3.1   Rising workplace safety awareness in emerging economies            45

4.2.3.2   Growing adoption of IIoT to optimize industrial asset performance and lifespan         46

4.2.4      CHALLENGES       46

4.2.4.1   Technological advancements complicate machine safety product design    46

4.2.4.2   Failing to assess potential risks in machine configuration 47

4.3        UNMET NEEDS AND WHITE SPACES  47

4.4        UNMET NEEDS IN MACHINE SAFETY MARKET  47

4.5        WHITE SPACE OPPORTUNITIES        48

4.6        INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES   48

4.7        STRATEGIC MOVES BY TIER-1/2/3 PLAYERS            49

5          INDUSTRY TRENDS            50

5.1        PORTER’S FIVE FORCES ANALYSIS   50

5.1.1      THREAT OF NEW ENTRANTS           51

5.1.2      THREAT OF SUBSTITUTES  51

5.1.3      BARGAINING POWER OF SUPPLIERS  52

5.1.4      BARGAINING POWER OF BUYERS      52

5.1.5      INTENSITY OF COMPETITIVE RIVALRY           52

5.2        MACROECONOMICS INDICATORS      52

5.2.1      INTRODUCTION     52

5.2.2      GDP TRENDS AND FORECAST         52

5.2.3      TRENDS IN GLOBAL AUTOMOTIVE INDUSTRY  55

5.2.4      TRENDS IN POWER GENERATION INDUSTRY    55

5.3        VALUE CHAIN ANALYSIS    56

5.4        ECOSYSTEM ANALYSIS      57

5.5        PRICING ANALYSIS            59

5.5.1      PRICING RANGE OF MACHINE SAFETY COMPONENTS PROVIDED

BY KEY PLAYERS, BY DEPLOYMENT 60

5.5.2      AVERAGE SELLING PRICE TREND OF MACHINE SAFETY COMPONENT,

BY REGION          60

5.6        TRADE ANALYSIS 61

5.6.1      IMPORT SCENARIO (HS CODE 8536)  61

5.6.2      EXPORT SCENARIO (HS CODE 8536) 62

5.7        KEY CONFERENCES AND EVENTS    63

5.8        TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS            64

5.9        INVESTMENT AND FUNDING SCENARIO           65

5.10      CASE STUDY ANALYSIS     66

5.10.1    ELOPAK INTEGRATED EMERSON’S ROBUST AVENTICS PNEUMATIC COMPONENTS INTO ITS NEW ASEPTIC FILLING MACHINE DESIGNED FOR GABLE TOP PACKAGING APPLICATIONS 66

5.10.2    MP EQUIPMENT PARTNERED WITH ROCKWELL AUTOMATION SAFETY EXPERTS TO ENHANCE DESIGN OF ITS PROTEIN PORTIONING MACHINES           66

5.10.3    MOLLART ENGINEERING CHOSE PROCTER MACHINE SAFETY’S ENCLOSED GUARDS FOR MACHINE TOOL INSTALLATION           67

5.11      IMPACT OF 2025 US TARIFF – OVERVIEW     67

5.11.1    INTRODUCTION     67

5.11.2    KEY TARIFF RATES          68

5.11.3    PRICE IMPACT ANALYSIS   68

5.11.4    IMPACT ON COUNTRIES/REGIONS     69

5.11.5    US         69

5.11.6    EUROPE  70

5.11.7    ASIA PACIFIC       71

5.11.8    IMPACT ON END-USE INDUSTRIES    72

6          STRATEGIC DISRUPTION, PATENT, DIGITAL, AND AI ADOPTIONS            74

6.1        KEY EMERGING TECHNOLOGIES       74

6.1.1      COMPUTER VISION 74

6.1.2      IOT        74

6.2        COMPLEMENTARY TECHNOLOGIES   74

6.2.1      VIRTUA REALITY (VR)        74

6.2.2      AUTOMATED MACHINE LEARNING     75

6.3        TECHNOLOGY/PRODUCT ROADMAP 75

6.4        PATENT ANALYSIS           76

6.5        IMPACT OF AI/GEN AI ON MACHINE SAFETY MARKET  79

6.5.1      TOP USE CASES AND MARKET POTENTIAL    80

6.5.2      BEST PRACTICES IN MACHINE SAFETY          80

6.5.3      CASE STUDIES OF AI IMPLEMENTATION IN MACHINE SAFETY MARKET 81

6.5.4      INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON

MARKET PLAYERS            81

6.5.5      CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN MACHINE SAFETY MARKET 81

7          REGULATORY LANDSCAPE 82

7.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS   82

7.1.1      STANDARDS        84

8          CUSTOMER LANDSCAPE & BUYER BEHAVIOR 86

8.1        DECISION-MAKING PROCESS           86

8.2        BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA            87

8.2.1      KEY STAKEHOLDERS IN BUYING PROCESS     87

8.2.2      BUYING CRITERIA 88

8.3        ADOPTION BARRIERS & INTERNAL CHALLENGES          89

8.4        UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES   90

9          MACHINE SAFETY MARKET, BY OFFERING      92

9.1        INTRODUCTION     93

9.2        SYSTEMS           94

9.2.1      NEED FOR COMPLIANCE WITH STRINGENT SAFETY STANDARDS TO

DRIVE GROWTH    94

9.3        SENSORS            95

9.3.1      ADVANCEMENTS IN TECHNOLOGY SUCH AS AI TO HELP EXAMINE SENSOR DATA AND PREDICT SAFETY HAZARDS         95

10         MACHINE SAFETY MARKET, BY COMPONENT  96

10.1      INTRODUCTION     97

10.2      PRESENCE DETECTION SENSORS     99

10.2.1    INCREASE IN INTEREST IN INDUSTRY 4.0 AND IIOT TO DRIVE GROWTH 99

10.2.2    SAFETY EDGES    103

10.2.2.1  Safety edges help prevent accidents and injuries by providing immediate response to contact         103

10.2.3    LASER SCANNERS 103

10.2.3.1  Escalating demand for automation in manufacturing and requirement for dependable and practical safety solutions to fuel growth        103

10.2.4    SAFETY LIGHT CURTAINS   103

10.2.4.1  Safety light curtains to safeguard workers and prevent external threats to machinery          103

10.2.4.2  Light-emitting diodes (LEDs)           104

10.2.4.3  Photoelectric cells 104

10.2.4.4  Control units        104

10.2.4.5  Displays  104

10.2.4.6  Enclosures          105

10.2.5    SAFETY MATS     105

10.2.5.1  Safety mats help safeguard personnel from entering critical areas            105

10.2.6    OTHER DEVICES   105

10.3      PROGRAMMABLE SAFETY SYSTEMS 105

10.3.1    INCREASING ADOPTION OF PROGRAMMABLE LOGIC CONTROLLERS TO

FUEL GROWTH     105

10.4      SAFETY CONTROLLERS/MODULES/RELAYS   108

10.4.1    EXPANDED PRODUCT OFFERINGS TO FUEL GROWTH FOR

MANUFACTURING FIRMS     108

10.5      SAFETY INTERLOCK SWITCHES       110

10.5.1    ELECTROMECHANICAL SWITCHES    110

10.5.1.1  Electromechanical switches help lock and unlock gate guards or doors in restricted areas    110

10.5.2    HINGE PIN SWITCHES         111

10.5.2.1  Hinge pin safety switches provide positively operated switching contacts and tamper-resistant actuator mechanism for hinging machine guards   111

10.5.3    LIMIT SWITCHES   111

10.5.3.1  Limit switches protect personnel and equipment by monitoring position of movable components       111

10.5.4    NON-CONTACT INTERLOCK SWITCHES          111

10.5.4.1  Non-contact interlock switches help where precise implementation of safety systems is complex          111

10.5.5    TONGUE INTERLOCK SWITCHES       111

10.5.5.1  Tongue interlock guard switches help in preventing access            111

10.5.6    TRAPPED KEY INTERLOCK SWITCHES           112

10.5.6.1  Trapped key interlock switches help in prescribed sequence to start or shut down       112

10.6      EMERGENCY STOP CONTROLS         115

10.6.1    PUSH BUTTONS    117

10.6.1.1  Push buttons to reduce potential emergency hazards     117

10.6.2    ROPE PULL BUTTONS        117

10.6.2.1  Used as emergency stop devices in areas where simple push buttons cannot be deployed 117

10.7      TWO-HAND SAFETY CONTROLS      118

10.7.1    EFFECTIVE AS COMPONENT OF MULTI-LAYERED SAFETY APPROACH DESIGNED TO PROTECT OPERATOR AND OTHER INDIVIDUALS            118

11         MACHINE SAFETY MARKET, BY IMPLEMENTATION       121

11.1      INTRODUCTION     122

11.2      INDIVIDUAL          123

11.2.1    INDIVIDUAL SAFETY COMPONENTS TO OFFER EASY INSTALLATION FOR

BASIC MACHINE REQUIREMENTS      123

11.3      EMBEDDED         123

11.3.1    EMBEDDED SAFETY COMPONENTS TO DRIVE MACHINE EFFICIENCY

AND FUNCTIONAL SAFETY EVOLUTION          123

12         MACHINE SAFETY MARKET, BY CONNECTIVITY           124

12.1      INTRODUCTION     125

12.2      WIRED    126

12.2.1    WIRED SAFETY SYSTEMS TO REMAIN RELIABLE FOR HIGH-RISK APPLICATIONS     126

12.3      WIRELESS           127

12.3.1    WIRELESS SAFETY SYSTEMS TO PROVIDE FLEXIBLE ALTERNATIVE FOR MODERN AUTOMATION     127

13         MACHINE SAFETY MARKET, BY SALES CHANNEL        128

13.1      INTRODUCTION     128

13.2      DIRECT  128

13.2.1    MACHINE SAFETY VENDORS TO UTILIZE DIRECT SALES CHANNELS FOR PRODUCT DISTRIBUTION       128

13.3      INDIRECT 128

13.3.1    INDIRECT SALES CHANNELS TO LEVERAGE TRADITIONAL RETAIL DESPITE DIGITAL AGE CHALLENGES 128

14         MACHINE SAFETY MARKET, BY APPLICATION 129

14.1      INTRODUCTION     130

14.2      ASSEMBLY         132

14.2.1    MACHINE SAFETY CRUCIAL FOR HIGH-SPEED ASSEMBLY LINE APPLICATIONS     132

14.3      ROBOTICS           132

14.3.1    MACHINE SAFETY IN ROBOTICS TO EVOLVE WITH NEW COLLABORATIVE SPECIFICATIONS   132

14.4      PACKAGING         133

14.4.1    PACKAGING PROCESS TO DRIVE DEMAND FOR ADVANCED MACHINE

SAFETY TECHNOLOGIES    133

14.5      MATERIAL HANDLING         133

14.5.1    MACHINE SAFETY SYSTEMS REQUIRED FOR PROTECTING PERSONNEL

AND EQUIPMENT IN MATERIAL-HANDLING OPERATIONS 133

14.6      METALWORKING   134

14.6.1    RISE IN NEED FOR MINIMUM MACHINE SAFETY MEASURES FOR

HAZARDOUS METALWORKING PROCESSES     134

14.7      WELDING & SHIELDING       134

14.7.1    SPECIALIZED MACHINE SAFETY REQUIRED FOR WELDING AND SHIELDING APPLICATIONS   134

15         MACHINE SAFETY MARKET, BY INDUSTRY     135

15.1      INTRODUCTION     136

15.2      PROCESS INDUSTRIES        137

15.2.1    CHEMICAL           138

15.2.1.1  Rise in emphasis on implementing more advanced safety

measures owing to regulatory requirements and focus to

improve operational efficiency          138

15.2.2    FOOD & BEVERAGE          140

15.2.2.1  Implementation of safety systems to reduce risks of accidents to achieve high-quality products at a lower price  140

15.2.3    METAL & MINING  142

15.2.3.1  Rise in adoption of machine safety systems for gas leak prevention            142

15.2.4    OIL & GAS          144

15.2.4.1  Strict enforcement of safety norms and compliance standards to fuel market growth           144

15.2.5    PHARMACEUTICAL            146

15.2.5.1  Adoption of machine safety solutions to boost operational efficiency and innovation      146

15.2.6    POWER GENERATION         147

15.2.6.1  Growing emphasis on workplace safety awareness in highly hazardous environments to propel market growth         147

15.2.7    OTHER PROCESS INDUSTRIES          149

15.3      DISCRETE INDUSTRIES       151

15.3.1    AEROSPACE        152

15.3.1.1  Cutting-edge advances in aerospace manufacturing facilities to fuel market expansion  152

15.3.2    AUTOMOTIVE       153

15.3.2.1  Automation and machine safety innovations to drive enhanced safety and efficiency in automotive manufacturing        153

15.3.3    SEMICONDUCTOR & ELECTRONICS   155

15.3.3.1  Demand for enhanced precision in manufacturing to fuel market growth   155

15.3.4    OTHER DISCRETE INDUSTRIES         157

16         MACHINE SAFETY MARKET, BY REGION         159

16.1      INTRODUCTION     160

16.2      NORTH AMERICA  162

16.2.1    US         166

16.2.1.1  Increased installation of safety-related systems to drive market growth   166

16.2.2    CANADA 166

16.2.2.1  Strict government regulations for workplace safety to fuel market growth   166

16.2.3    MEXICO  166

16.2.3.1  Rising innovations and significant growth in industrial production to drive market growth          166

16.3      EUROPE  167

16.3.1    UK        171

16.3.1.1  Strong legal framework for workplace safety to fuel market growth            171

16.3.2    GERMANY           171

16.3.2.1  Acceleration of manufacturing processes through automation to drive market expansion       171

16.3.3    FRANCE 171

16.3.3.1  Mandatory adherence to occupational health and safety policies to drive market growth          171

16.3.4    ITALY    172

16.3.4.1  Strong manufacturing tradition to propel machine safety market growth   172

16.3.5    SPAIN    172

16.3.5.1  Industrial revitalization and automotive sector to boost safety system demand    172

16.3.6    NORDICS 172

16.3.6.1  High automation and strong worker protection laws necessitate premium safety solutions    172

16.3.7    REST OF EUROPE 172

16.4      ASIA PACIFIC       173

16.4.1    CHINA    177

16.4.1.1  Increase in adoption of advanced production technologies to

fuel growth         177

16.4.2    JAPAN   177

16.4.2.1  Expansion of continuous processing industries to drive market growth   177

16.4.3    INDIA     178

16.4.3.1  National infrastructure and manufacturing initiatives to

drive market growth          178

16.4.4    SOUTH KOREA     178

16.4.4.1  Rising investment in machine safety technologies to fuel market growth   178

16.4.5    AUSTRALIA         178

16.4.5.1  Robust safety legislation to propel high-value machine safety investment          178

16.4.6    INDONESIA          179

16.4.6.1  Rapid industrialization and manufacturing expansion to fuel safety demand  179

16.4.7    SINGAPORE         179

16.4.7.1  Focus on high-tech automation to drive demand for intelligent safety solutions    179

16.4.8    REST OF ASIA PACIFIC      179

16.5      REST OF THE WORLD (ROW)           180

16.5.1    SOUTH AMERICA  184

16.5.1.1  Brazil     185

16.5.1.1.1           Strict local regulations to drive consistent machine safety modernization      185

16.5.1.2  Argentina            185

16.5.1.2.1           Economic stabilization and industrial renewal fuel focused safety investments           185

16.5.1.3  Rest of South America       185

16.5.2    MIDDLE EAST      185

16.5.2.1  Saudi Arabia        186

16.5.2.1.1           Vision 2030 industrialization and compliance to drive largest safety market        186

16.5.2.2  UAE       187

16.5.2.2.1           Logistics, manufacturing, and smart city initiatives to fuel innovation in safety systems            187

16.5.2.3  Oman     187

16.5.2.3.1           Infrastructure development and port expansion to increase safety demand     187

16.5.2.4  Qatar     187

16.5.2.4.1           Energy sector reliability and major industrial projects require sophisticated safety solutions 187

16.5.2.5  Kuwait   187

16.5.2.5.1           Petrochemical and oil sector dominance to mandate premium safety equipment   187

16.5.2.6  Bahrain   188

16.5.2.6.1           Industrial diversification efforts to increase demand for general machine safety      188

16.5.2.7  Rest of the Middle East      188

16.5.3    AFRICA  188

16.5.3.1  South Africa        189

16.5.3.1.1           Mining and manufacturing compliance to drive machine safety market      189

16.5.3.2  Rest of Africa      189

17         COMPETITIVE LANDSCAPE 190

17.1      INTRODUCTION     190

17.2      KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025 190

17.3      REVENUE ANALYSIS, 2020–2024     193

17.4      MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2024            193

17.5      PRODUCT COMPARISON     196

17.6      COMPANY VALUATION AND FINANCIAL METRICS         196

17.6.1    COMPANY VALUATION       196

17.6.2    FINANCIAL METRICS          197

17.7      COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 197

17.7.1    STARS   197

17.7.2    EMERGING LEADERS         197

17.7.3    PERVASIVE PLAYERS        198

17.7.4    PARTICIPANTS     198

17.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2024  199

17.7.5.1  Company footprint 199

17.7.5.2  Regional footprint 200

17.7.5.3  Deployment footprint         201

17.7.5.4  Offering footprint 202

17.7.5.5  Industry footprint  203

17.8      COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024            204

17.8.1    PROGRESSIVE COMPANIES  204

17.8.2    RESPONSIVE COMPANIES    204

17.8.3    DYNAMIC COMPANIES        204

17.8.4    STARTING BLOCKS           204

17.8.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024            206

17.8.5.1  Detailed list of key startups/SMEs    206

17.8.5.2  Competitive benchmarking of key startups/SMEs         206

17.9      COMPETITIVE SCENARIO    207

17.9.1    PRODUCT LAUNCHES        207

17.9.2    DEALS   210

18         COMPANY PROFILES         212

18.1      KEY PLAYERS     212

18.1.1    SCHNEIDER ELECTRIC        212

18.1.1.1  Business overview 212

18.1.1.2  Products/Solutions/Services offered 214

18.1.1.3  Recent developments         214

18.1.1.3.1           Product launches   214

18.1.1.3.2           Deals     215

18.1.1.4  MnM view           215

18.1.1.4.1           Key strengths      215

18.1.1.4.2           Strategic choices  215

18.1.1.4.3           Weaknesses and competitive threats 215

18.1.2    KEYENCE CORPORATION    216

18.1.2.1  Business overview 216

18.1.2.2  Products/Solutions/Services offered 217

18.1.2.3  Recent developments         217

18.1.2.3.1           Product launches   217

18.1.2.4  MnM view           218

18.1.2.4.1           Key strengths      218

18.1.2.4.2           Strategic choices  218

18.1.2.4.3           Weaknesses and competitive threats 218

18.1.3    ROCKWELL AUTOMATION   219

18.1.3.1  Business overview 219

18.1.3.2  Products/Solutions/Services offered 220

18.1.3.3  Recent developments         221

18.1.3.3.1           Product launches   221

18.1.3.4  MnM view           222

18.1.3.4.1           Key strengths      222

18.1.3.4.2           Strategic choices  222

18.1.3.4.3           Weaknesses and competitive threats 222

18.1.4    SIEMENS 223

18.1.4.1  Business overview 223

18.1.4.2  Products/Solutions/Services offered 224

18.1.4.3  Recent development          225

18.1.4.3.1           Product launches   225

18.1.4.4  MnM view           225

18.1.4.4.1           Key strengths      225

18.1.4.4.2           Strategic choices  225

18.1.4.4.3           Weaknesses and competitive threats 225

18.1.5    EMERSON ELECTRIC CO.     226

18.1.5.1  Business overview 226

18.1.5.2  Products/Solutions/Services offered 227

18.1.5.3  Recent developments         228

18.1.5.3.1           Product launches   228

18.1.5.3.2           Deals     228

18.1.5.4  MnM view           229

18.1.5.4.1           Key strengths      229

18.1.5.4.2           Strategic choices  229

18.1.5.4.3           Weaknesses and competitive threats 229

18.1.6    HONEYWELL INTERNATIONAL INC.    230

18.1.6.1  Business overview 230

18.1.6.2  Products/Solutions/Services offered 231

18.1.6.3  Recent developments         232

18.1.6.3.1           Deals     232

18.1.7    ABB      233

18.1.7.1  Business overview 233

18.1.7.2  Products/Solutions/Services offered 234

18.1.7.3  Recent developments         235

18.1.7.3.1           Deals     235

18.1.8    OMRON CORPORATION       236

18.1.8.1  Business overview 236

18.1.8.2  Products/Solutions/Services offered 238

18.1.8.3  Recent developments         238

18.1.8.3.1           Product launches   238

18.1.8.3.2           Deals     239

18.1.9    YOKOGAWA ELECTRIC CORPORATION           240

18.1.9.1  Business overview 240

18.1.9.2  Products/Solutions/Services offered 241

18.1.9.3  Recent developments         242

18.1.9.3.1           Product launches   242

18.1.10  MITSUBISHI ELECTRIC CORPORATION 243

18.1.10.1            Business overview 243

18.1.10.2            Products/Solutions/Services offered 244

18.1.11  SICK AG 245

18.1.11.1            Business overview 245

18.1.11.2            Products/Solutions/Services offered 246

18.1.11.3            Recent developments         247

18.1.11.3.1          Product launches   247

18.1.11.3.2          Deals     247

18.1.12  HIMA      248

18.1.12.1            Business overview 248

18.1.12.2            Products/Solutions/Services offered 248

18.1.13  IDEC CORPORATION          249

18.1.13.1            Business overview 249

18.1.13.2            Products/Solutions/Services offered 251

18.1.13.3            Recent developments         251

18.1.13.3.1          Product launches   251

18.2      OTHER PLAYERS  252

18.2.1    BALLUFF GMBH    252

18.2.2    BANNER ENGINEERING CORP.           253

18.2.3    BAUMER 254

18.2.4    PILZ GMBH & CO. KG         254

18.2.5    PEPPERL+FUCHS SE          255

18.2.6    EUCHNER GMBH + CO. KG   255

18.2.7    DATALOGIC S.P.A. 256

18.2.8    LEUZE ELECTRONIC GMBH + CO. KG 257

18.2.9    FORTRESS INTERLOCKS     258

18.2.10  K.A. SCHMERSAL GMBH & CO. KG    259

18.2.11  STEUTE TECHNOLOGIES GMBH & CO. KG       260

18.2.12  CARLO GAVAZZI  260

18.2.13  MURRELEKTRONIK GMBH    261

18.2.14  EAO AG  261

19         RESEARCH METHODOLOGY 262

19.1      RESEARCH DATA 262

19.1.1    SECONDARY AND PRIMARY RESEARCH         263

19.1.2    SECONDARY DATA           264

19.1.2.1  List of key secondary sources         264

19.1.2.2  Key data from secondary sources     265

19.1.3    PRIMARY DATA    265

19.1.3.1  List of primary interview participants 266

19.1.3.2  Key data from primary sources        266

19.1.3.3  Key industry insights         267

19.1.3.4  Breakdown of primaries      267

19.2      MARKET SIZE ESTIMATION METHODOLOGY    268

19.2.1    BOTTOM-UP APPROACH    268

19.2.1.1  Approach to derive market size using bottom-up analysis

(demand side)      268

19.2.2    TOP-DOWN APPROACH     269

19.2.2.1  Approach to derive market size using top-down analysis (supply side)      269

19.3      DATA TRIANGULATION      270

19.4      RESEARCH ASSUMPTIONS  271

19.5      RESEARCH LIMITATIONS     272

20         APPENDIX           273

20.1      INSIGHTS FROM INDUSTRY EXPERTS 273

20.2      DISCUSSION GUIDE 273

20.3      KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 278

20.4      AVAILABLE CUSTOMIZATIONS         280

20.5      RELATED REPORTS          280

20.6      AUTHOR DETAILS 281

LIST OF TABLES

TABLE 1 INCLUSIONS AND EXCLUSIONS         31

TABLE 2 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES   48

TABLE 3 MARKET DYNAMICS          49

TABLE 4 IMPACT OF PORTER’S FIVE FORCES 50

TABLE 5 GDP PERCENTAGE CHANGE, BY KEY COUNTRY, 2021–2030            53

TABLE 6 ROLE OF COMPANIES IN MACHINE SAFETY ECOSYSTEM            58

TABLE 7 PRICING RANGE OF MACHINE SAFETY COMPONENTS PROVIDED

BY KEY PLAYERS, BY COMPONENT (USD)      60

TABLE 8 AVERAGE SELLING PRICE TREND OF MACHINE SAFETY COMPONENT,

BY REGION, 2021–2024 (USD MILLION)          61

TABLE 9 IMPORT DATA FOR HS CODE 8536-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION) 62

TABLE 10           EXPORT DATA FOR HS CODE 8536-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION) 63

TABLE 11           LIST OF KEY CONFERENCES AND EVENTS, 2025–2026            63

TABLE 12           US ADJUSTED RECIPROCAL TARIFF RATES    68

TABLE 13           MACHINE SAFETY MARKET: TECHNOLOGY ROADMAP            75

TABLE 14           LIST OF MAJOR PATENTS, 2021–2024         77

TABLE 15           TOP USE CASES AND MARKET POTENTIAL    80

TABLE 16           BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES   80

TABLE 17           MACHINE SAFETY MARKET: CASE STUDIES RELATED TO GEN AI IMPLEMENTATION   81

TABLE 18           INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS       81

TABLE 19           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT

AGENCIES, AND OTHER ORGANIZATIONS        82

TABLE 20           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS          83

TABLE 21           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS         83

TABLE 22           ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS          84

TABLE 23           STANDARDS: MACHINE SAFETY       85

TABLE 24           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR END USERS   88

TABLE 25           KEY BUYING CRITERIA FOR END USERS         88

TABLE 26           UNMET NEEDS IN THE MACHINE SAFETY MARKET BY END-USE INDUSTRY          90

TABLE 27           MACHINE SAFETY MARKET, BY OFFERING, 2021–2024 (USD MILLION)      93

TABLE 28           MACHINE SAFETY MARKET, BY OFFERING, 2025–2030 (USD MILLION)      94

TABLE 29           MACHINE SAFETY SYSTEMS MARKET, BY CONNECTIVITY,

2021–2024 (USD MILLION) 94

TABLE 30           MACHINE SAFETY SYSTEMS MARKET, BY CONNECTIVITY,

2025–2030 (USD MILLION) 95

TABLE 31          MACHINE SAFETY SENSORS MARKET, BY CONNECTIVITY,

2021–2024 (USD MILLION) 95

TABLE 32          MACHINE SAFETY SENSORS MARKET, BY CONNECTIVITY,

2025–2030 (USD MILLION) 95

TABLE 33           MACHINE SAFETY MARKET, BY COMPONENT, 2021–2024 (USD MILLION)          98

TABLE 34           MACHINE SAFETY MARKET, BY COMPONENT, 2025–2030 (USD MILLION)          98

TABLE 35           MACHINE SAFETY MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)   99

TABLE 36           MACHINE SAFETY MARKET, BY COMPONENT, 2025–2030 (THOUSAND UNITS)   99

TABLE 37           PRESENCE DETECTION SENSORS MARKET, BY TYPE, 2021–2024 (USD MILLION) 100

TABLE 38           PRESENCE DETECTION SENSORS MARKET, BY TYPE, 2025–2030 (USD MILLION) 100

TABLE 39           PRESENCE DETECTION SENSORS MARKET, BY PROCESS INDUSTRY,

2021–2024 (USD MILLION) 101

TABLE 40           PRESENCE DETECTION SENSORS MARKET, BY PROCESS INDUSTRY,

2025–2030 (USD MILLION) 101

TABLE 41           PRESENCE DETECTION SENSORS MARKET, BY DISCRETE INDUSTRY,

2021–2024 (USD MILLION) 101

TABLE 42           PRESENCE DETECTION SENSORS MARKET, BY DISCRETE INDUSTRY,

2025–2030 (USD MILLION) 102

TABLE 43           PRESENCE DETECTION SENSORS MARKET, BY REGION,

2021–2024 (USD MILLION) 102

TABLE 44           PRESENCE DETECTION SENSORS MARKET, BY REGION,

2025–2030 (USD MILLION) 102

TABLE 45           PROGRAMMABLE SAFETY SYSTEMS MARKET, BY PROCESS INDUSTRY,

2021–2024 (USD MILLION) 106

TABLE 46           PROGRAMMABLE SAFETY SYSTEMS MARKET, BY PROCESS INDUSTRY,

2025–2030 (USD MILLION) 106

TABLE 47           PROGRAMMABLE SAFETY SYSTEMS MARKET, BY DISCRETE INDUSTRY,

2021–2024 (USD MILLION) 106

TABLE 48           PROGRAMMABLE SAFETY SYSTEMS: MACHINE SAFETY MARKET,

BY DISCRETE INDUSTRY, 2025–2030 (USD MILLION)    107

TABLE 49           PROGRAMMABLE SAFETY SYSTEMS MARKET, BY REGION,

2021–2024 (USD MILLION) 107

TABLE 50           PROGRAMMABLE SAFETY SYSTEMS MARKET, BY REGION,

2025–2030 (USD MILLION) 107

TABLE 51           SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY PROCESS INDUSTRY, 2021–2024 (USD MILLION)     108

TABLE 52           SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY PROCESS INDUSTRY, 2025–2030 (USD MILLION)     108

TABLE 53           SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY DISCRETE INDUSTRY, 2021–2024 (USD MILLION)    109

TABLE 54           SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY DISCRETE INDUSTRY, 2025–2030 (USD MILLION)    109

TABLE 55           SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY REGION,

2021–2024 (USD MILLION) 109

TABLE 56           SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY REGION,

2025–2030 (USD MILLION) 110

TABLE 57           SAFETY INTERLOCK SWITCHES MARKET, BY TYPE, 2021–2024 (USD MILLION) 112

TABLE 58           SAFETY INTERLOCK SWITCHES MARKET, BY TYPE, 2025–2030 (USD MILLION) 112

TABLE 59           SAFETY INTERLOCK SWITCHES MARKET, BY PROCESS INDUSTRY,

2021–2024 (USD MILLION) 113

TABLE 60           SAFETY INTERLOCK SWITCHES MARKET, BY PROCESS INDUSTRY,

2025–2030 (USD MILLION) 113

TABLE 61           SAFETY INTERLOCK SWITCHES MARKET, BY DISCRETE INDUSTRY,

2021–2024 (USD MILLION) 113

TABLE 62           SAFETY INTERLOCK SWITCHES MARKET, BY DISCRETE INDUSTRY,

2025–2030 (USD MILLION) 114

TABLE 63           SAFETY INTERLOCK SWITCHES MARKET, BY REGION, 2021–2024 (USD MILLION) 114

TABLE 64           SAFETY INTERLOCK SWITCHES MARKET, BY REGION, 2025–2030 (USD MILLION) 114

TABLE 65           EMERGENCY STOP CONTROLS MARKET, BY TYPE, 2021–2024 (USD MILLION) 115

TABLE 66           EMERGENCY STOP CONTROLS MARKET, BY TYPE, 2025–2030 (USD MILLION) 115

TABLE 67           EMERGENCY STOP CONTROLS MARKET, BY PROCESS INDUSTRY,

2021–2024 (USD MILLION) 115

TABLE 68           EMERGENCY STOP CONTROLS MARKET, BY PROCESS INDUSTRY,

2025–2030 (USD MILLION) 116

TABLE 69           EMERGENCY STOP CONTROLS MARKET, BY DISCRETE INDUSTRY,

2021–2024 (USD MILLION) 116

TABLE 70           EMERGENCY STOP CONTROLS MARKET, BY DISCRETE INDUSTRY,

2025–2030 (USD MILLION) 116

TABLE 71           EMERGENCY STOP CONTROLS: MACHINE SAFETY MARKET, BY REGION,

2021–2024 (USD MILLION) 117

TABLE 72           EMERGENCY STOP CONTROLS MARKET, BY REGION, 2025–2030 (USD MILLION) 117

TABLE 73           TWO-HAND SAFETY CONTROLS MARKET, BY PROCESS INDUSTRY,

2021–2024 (USD MILLION) 118

TABLE 74           TWO-HAND SAFETY CONTROLS MARKET, BY PROCESS INDUSTRY,

2025–2030 (USD MILLION) 119

TABLE 75           TWO-HAND SAFETY CONTROLS MARKET, BY DISCRETE INDUSTRY,

2021–2024 (USD MILLION) 119

TABLE 76           TWO-HAND SAFETY CONTROLS MARKET, BY DISCRETE INDUSTRY,

2025–2030 (USD MILLION) 119

TABLE 77           TWO-HAND SAFETY CONTROLS MARKET, BY REGION, 2021–2024 (USD MILLION) 120

TABLE 78           TWO-HAND SAFETY CONTROLS MARKET, BY REGION, 2025–2030 (USD MILLION) 120

TABLE 79           MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2021–2024 (USD MILLION) 122

TABLE 80           MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2025–2030 (USD MILLION) 123

TABLE 81           MACHINE SAFETY MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          125

TABLE 82           MACHINE SAFETY MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          126

TABLE 83           WIRED MACHINE SAFETY MARKET, BY OFFERING, 2021–2024 (USD MILLION)          126

TABLE 84           WIRED MACHINE SAFETY MARKET, BY OFFERING, 2025–2030 (USD MILLION)          127

TABLE 85           WIRELESS MACHINE SAFETY MARKET, BY OFFERING, 2021–2024 (USD MILLION) 127

TABLE 86           WIRELESS MACHINE SAFETY MARKET, BY OFFERING, 2025–2030 (USD MILLION) 127

TABLE 87           MACHINE SAFETY MARKET, BY APPLICATION, 2021–2024 (USD MILLION)          131

TABLE 88           MACHINE SAFETY MARKET, BY APPLICATION, 2025–2030 (USD MILLION)          131

TABLE 89           MACHINE SAFETY MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)      137

TABLE 90           MACHINE SAFETY MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)      137

TABLE 91           MACHINE SAFETY MARKET IN PROCESS INDUSTRIES, BY TYPE,

2021–2024 (USD MILLION) 137

TABLE 92           MACHINE SAFETY MARKET IN PROCESS INDUSTRIES, BY TYPE,

2025–2030 (USD MILLION) 138

TABLE 93           MACHINE SAFETY MARKET IN CHEMICALS INDUSTRY, BY COMPONENT,

2021–2024 (USD MILLION) 139

TABLE 94           MACHINE SAFETY MARKET IN CHEMICALS INDUSTRY, BY COMPONENT,

2025–2030 (USD MILLION) 139

TABLE 95           MACHINE SAFETY MARKET IN CHEMICALS INDUSTRY, BY REGION,

2021–2024 (USD MILLION) 139

TABLE 96           MACHINE SAFETY MARKET IN CHEMICALS INDUSTRY, BY REGION,

2025–2030 (USD MILLION) 140

TABLE 97           MACHINE SAFETY MARKET IN FOOD & BEVERAGE INDUSTRY, BY COMPONENT, 2021–2024 (USD MILLION)            140

TABLE 98           MACHINE SAFETY MARKET IN FOOD & BEVERAGE INDUSTRY, BY COMPONENT, 2025–2030 (USD MILLION)            141

TABLE 99           MACHINE SAFETY MARKET IN FOOD & BEVERAGE INDUSTRY, BY REGION,

2021–2024 (USD MILLION) 141

TABLE 100         MACHINE SAFETY MARKET IN FOOD & BEVERAGE INDUSTRY, BY REGION,

2025–2030 (USD MILLION) 141

TABLE 101         MACHINE SAFETY MARKET IN METAL & MINING INDUSTRY, BY COMPONENT, 2021–2024 (USD MILLION)            142

TABLE 102         MACHINE SAFETY MARKET IN METAL & MINING INDUSTRY, BY COMPONENT, 2025–2030 (USD MILLION)            143

TABLE 103         MACHINE SAFETY MARKET IN METAL & MINING INDUSTRY, BY REGION,

2021–2024 (USD MILLION) 143

TABLE 104         MACHINE SAFETY MARKET IN METAL & MINING INDUSTRY, BY REGION,

2025–2030 (USD MILLION) 143

TABLE 105         MACHINE SAFETY MARKET IN OIL & GAS INDUSTRY, BY COMPONENT,

2021–2024 (USD MILLION) 144

TABLE 106         MACHINE SAFETY MARKET IN OIL & GAS INDUSTRY, BY COMPONENT,

2025–2030 (USD MILLION) 145

TABLE 107         MACHINE SAFETY MARKET IN OIL & GAS INDUSTRY, BY REGION,

2021–2024 (USD MILLION) 145

TABLE 108         MACHINE SAFETY MARKET IN OIL & GAS INDUSTRY, BY REGION,

2025–2030 (USD MILLION) 145

TABLE 109         MACHINE SAFETY MARKET IN PHARMACEUTICALS INDUSTRY, BY COMPONENT, 2021–2024 (USD MILLION)            146

TABLE 110         MACHINE SAFETY MARKET IN PHARMACEUTICALS INDUSTRY, BY COMPONENT, 2025–2030 (USD MILLION)            146

TABLE 111         MACHINE SAFETY MARKET IN PHARMACEUTICALS INDUSTRY, BY REGION,

2021–2024 (USD MILLION) 147

TABLE 112         MACHINE SAFETY MARKET IN PHARMACEUTICALS INDUSTRY, BY REGION,

2025–2030 (USD MILLION) 147

TABLE 113         MACHINE SAFETY MARKET IN POWER GENERATION INDUSTRY, BY COMPONENT, 2021–2024 (USD MILLION)            148

TABLE 114         MACHINE SAFETY MARKET IN POWER GENERATION INDUSTRY, BY COMPONENT, 2025–2030 (USD MILLION)            148

TABLE 115         MACHINE SAFETY MARKET IN POWER GENERATION INDUSTRY, BY REGION,

2021–2024 (USD MILLION) 148

TABLE 116         MACHINE SAFETY MARKET IN POWER GENERATION INDUSTRY, BY REGION,

2025–2030 (USD MILLION) 149

TABLE 117         MACHINE SAFETY MARKET IN OTHER PROCESS INDUSTRIES, BY COMPONENT, 2021–2024 (USD MILLION)          150

TABLE 118         MACHINE SAFETY MARKET IN OTHER PROCESS INDUSTRIES, BY COMPONENT, 2025–2030 (USD MILLION)          150

TABLE 119         MACHINE SAFETY MARKET IN OTHER PROCESS INDUSTRIES, BY REGION,

2021–2024 (USD MILLION) 150

TABLE 120         MACHINE SAFETY MARKET IN OTHER PROCESS INDUSTRIES, BY REGION,

2025–2030 (USD MILLION) 151

TABLE 121         MACHINE SAFETY MARKET IN DISCRETE INDUSTRIES, BY TYPE,

2021–2024 (USD MILLION) 151

TABLE 122         MACHINE SAFETY MARKET IN DISCRETE INDUSTRIES, BY TYPE,

2025–2030 (USD MILLION) 151

TABLE 123         MACHINE SAFETY MARKET IN AEROSPACE INDUSTRY, BY COMPONENT,

2021–2024 (USD MILLION) 152

TABLE 124         MACHINE SAFETY MARKET IN AEROSPACE INDUSTRY, BY COMPONENT,

2025–2030 (USD MILLION) 152

TABLE 125         MACHINE SAFETY MARKET IN AEROSPACE INDUSTRY, BY REGION,

2021–2024 (USD MILLION) 153

TABLE 126         MACHINE SAFETY MARKET IN AEROSPACE INDUSTRY, BY REGION,

2025–2030 (USD MILLION) 153

TABLE 127         MACHINE SAFETY MARKET IN AUTOMOTIVE INDUSTRY, BY COMPONENT,

2021–2024 (USD MILLION) 154

TABLE 128         MACHINE SAFETY MARKET IN AUTOMOTIVE INDUSTRY, BY COMPONENT,

2025–2030 (USD MILLION) 154

TABLE 129         MACHINE SAFETY MARKET IN AUTOMOTIVE INDUSTRY, BY REGION,

2021–2024 (USD MILLION) 154

TABLE 130         MACHINE SAFETY MARKET IN AUTOMOTIVE INDUSTRY, BY REGION,

2025–2030 (USD MILLION) 155

TABLE 131         MACHINE SAFETY MARKET IN SEMICONDUCTOR & ELECTRONICS INDUSTRY,

BY COMPONENT, 2021–2024 (USD MILLION)   155

TABLE 132         MACHINE SAFETY MARKET IN SEMICONDUCTOR & ELECTRONICS INDUSTRY,

BY COMPONENT, 2025–2030 (USD MILLION)   156

TABLE 133         MACHINE SAFETY MARKET IN SEMICONDUCTOR & ELECTRONICS INDUSTRY,

BY REGION, 2021–2024 (USD MILLION)          156

TABLE 134         MACHINE SAFETY MARKET IN SEMICONDUCTOR & ELECTRONICS INDUSTRY,

BY REGION, 2025–2030 (USD MILLION)          156

TABLE 135         MACHINE SAFETY MARKET IN OTHER DISCRETE INDUSTRIES, BY COMPONENT, 2021–2024 (USD MILLION)          157

TABLE 136         MACHINE SAFETY MARKET IN OTHER DISCRETE INDUSTRIES, BY COMPONENT, 2025–2030 (USD MILLION)          158

TABLE 137         MACHINE SAFETY MARKET IN OTHER DISCRETE INDUSTRIES, BY REGION,

2021–2024 (USD MILLION) 158

TABLE 138         MACHINE SAFETY MARKET IN OTHER DISCRETE INDUSTRIES, BY REGION,

2025–2030 (USD MILLION) 158

TABLE 139         MACHINE SAFETY MARKET, BY REGION, 2021–2024 (USD MILLION)      161

TABLE 140         MACHINE SAFETY MARKET, BY REGION, 2025–2030 (USD MILLION)      161

TABLE 141         NORTH AMERICA: MACHINE SAFETY MARKET, BY COUNTRY,

2021–2024 (USD MILLION) 163

TABLE 142         NORTH AMERICA: MACHINE SAFETY MARKET, BY COUNTRY,

2025–2030 (USD MILLION) 163

TABLE 143         NORTH AMERICA: MACHINE SAFETY MARKET, BY COMPONENT,

2021–2024 (USD MILLION) 164

TABLE 144         NORTH AMERICA: MACHINE SAFETY MARKET, BY COMPONENT,

2025–2030 (USD MILLION) 164

TABLE 145         NORTH AMERICA: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY,

2021–2024 (USD MILLION) 164

TABLE 146         NORTH AMERICA: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY,

2025–2030 (USD MILLION) 165

TABLE 147         NORTH AMERICA: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY,

2021–2024 (USD MILLION) 165

TABLE 148         NORTH AMERICA: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY,

2025–2030 (USD MILLION) 165

TABLE 149         EUROPE: MACHINE SAFETY MARKET, BY COUNTRY, 2021–2024 (USD MILLION) 168

TABLE 150         EUROPE: MACHINE SAFETY MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 168

TABLE 151         EUROPE: MACHINE SAFETY MARKET, BY COMPONENT, 2021–2024 (USD MILLION) 169

TABLE 152         EUROPE: MACHINE SAFETY MARKET, BY COMPONENT, 2025–2030 (USD MILLION) 169

TABLE 153         EUROPE: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY,

2021–2024 (USD MILLION) 169

TABLE 154         EUROPE: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY,

2025–2030 (USD MILLION) 170

TABLE 155         EUROPE: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY,

2021–2024 (USD MILLION) 170

TABLE 156         EUROPE: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY,

2025–2030 (USD MILLION) 170

TABLE 157         ASIA PACIFIC: MACHINE SAFETY MARKET, BY COUNTRY,

2021–2024 (USD MILLION) 174

TABLE 158         ASIA PACIFIC: MACHINE SAFETY MARKET, BY COUNTRY,

2025–2030 (USD MILLION) 174

TABLE 159         ASIA PACIFIC: MACHINE SAFETY MARKET, BY COMPONENT,

2021–2024 (USD MILLION) 175

TABLE 160         ASIA PACIFIC: MACHINE SAFETY MARKET, BY COMPONENT,

2025–2030 (USD MILLION) 175

TABLE 161         ASIA PACIFIC: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY,

2021–2024 (USD MILLION) 175

TABLE 162         ASIA PACIFIC: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY,

2025–2030 (USD MILLION) 176

TABLE 163         ASIA PACIFIC: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY,

2021–2024 (USD MILLION) 176

TABLE 164         ASIA PACIFIC: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY,

2025–2030 (USD MILLION) 176

TABLE 165         ROW: MACHINE SAFETY MARKET, BY REGION, 2021–2024 (USD MILLION)          181

TABLE 166         ROW: MACHINE SAFETY MARKET, BY REGION, 2025–2030 (USD MILLION)          181

TABLE 167         ROW: MACHINE SAFETY MARKET, BY COMPONENT, 2021–2024 (USD MILLION) 182

TABLE 168         ROW: MACHINE SAFETY MARKET, BY COMPONENT, 2025–2030 (USD MILLION) 182

TABLE 169         ROW: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY,

2021–2024 (USD MILLION) 182

TABLE 170         ROW: MACHINE SAFETY MARKET, BY PROCESS INDUSTRY,

2025–2030 (USD MILLION) 183

TABLE 171         ROW: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY,

2021–2024 (USD MILLION) 183

TABLE 172         ROW: MACHINE SAFETY MARKET, BY DISCRETE INDUSTRY,

2025–2030 (USD MILLION) 183

TABLE 173         SOUTH AMERICA: MACHINE SAFETY MARKET, BY COUNTRY,

2021–2024 (USD MILLION) 184

TABLE 174         SOUTH AMERICA: MACHINE SAFETY MARKET, BY COUNTRY,

2025–2030 (USD MILLION) 184

TABLE 175         MIDDLE EAST: MACHINE SAFETY MARKET, BY COUNTRY,

2021–2024 (USD MILLION) 186

TABLE 176         MIDDLE EAST: MACHINE SAFETY MARKET, BY COUNTRY,

2025–2030 (USD MILLION) 186

TABLE 177         AFRICA: MACHINE SAFETY MARKET, BY COUNTRY, 2021–2024 (USD MILLION) 188

TABLE 178         AFRICA: MACHINE SAFETY MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 188

TABLE 179         MACHINE SAFETY MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, JANUARY 2021–AUGUST 2025      190

TABLE 180         MACHINE SAFETY MARKET: DEGREE OF COMPETITION, 2024     194

TABLE 181         MACHINE SAFETY MARKET: REGIONAL FOOTPRINT, 2024     200

TABLE 182         MACHINE SAFETY MARKET: OFFERING FOOTPRINT, 2024            201

TABLE 183         MACHINE SAFETY MARKET: COMPONENT FOOTPRINT, 2024     202

TABLE 184         MACHINE SAFETY MARKET: INDUSTRY FOOTPRINT, 2024     203

TABLE 185         MACHINE SAFETY MARKET: DETAILED LIST OF KEY STARTUPS/SMES, 2024     206

TABLE 186         MACHINE SAFETY MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES, 2024          206

TABLE 187         MACHINE SAFETY MARKET: PRODUCT LAUNCHES, JANUARY 2021–AUGUST 2025       207

TABLE 188         MACHINE SAFETY MARKET: DEALS, JANUARY 2021–AUGUST 2025     210

TABLE 189         SCHNEIDER ELECTRIC: COMPANY OVERVIEW  212

TABLE 190         SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED  214

TABLE 191         SCHNEIDER ELECTRIC: PRODUCT LAUNCHES   214

TABLE 192         SCHNEIDER ELECTRIC: DEALS         215

TABLE 193         KEYENCE CORPORATION: COMPANY OVERVIEW            216

TABLE 194         KEYENCE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED  217

TABLE 195         KEYENCE CORPORATION: PRODUCT LAUNCHES            217

TABLE 196         ROCKWELL AUTOMATION: COMPANY OVERVIEW            219

TABLE 197         ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED  220

TABLE 198         ROCKWELL AUTOMATION: PRODUCT LAUNCHES            221

TABLE 199         SIEMENS: COMPANY OVERVIEW       223

TABLE 200         SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED            224

TABLE 201         SIEMENS: PRODUCT LAUNCHES        225

TABLE 202         EMERSON ELECTRIC CO.: COMPANY OVERVIEW            226

TABLE 203         EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED  227

TABLE 204         EMERSON ELECTRIC CO.: PRODUCT LAUNCHES/ENHANCEMENTS           228

TABLE 205         EMERSON ELECTRIC CO.: DEALS      228

TABLE 206         HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW            230

TABLE 207         HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED  231

TABLE 208         HONEYWELL INTERNATIONAL INC.: DEALS      232

TABLE 209         ABB: COMPANY OVERVIEW 233

TABLE 210         ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED            234

TABLE 211         ABB: DEALS        235

TABLE 212         OMRON CORPORATION: COMPANY OVERVIEW 236

TABLE 213         OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED  238

TABLE 214         OMRON CORPORATION: PRODUCT LAUNCHES  238

TABLE 215         OMRON CORPORATION: DEALS        239

TABLE 216         YOKOGAWA ELECTRIC CORPORATION: COMPANY OVERVIEW          240

TABLE 217         YOKOGAWA ELECTRIC CORPORATION:

PRODUCTS/SOLUTIONS/SERVICES OFFERED  241

TABLE 218         YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES          242

TABLE 219         MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW          243

TABLE 220         MITSUBISHI ELECTRIC CORPORATION:

PRODUCTS/SOLUTIONS/SERVICES OFFERED  244

TABLE 221         SICK AG: COMPANY OVERVIEW        245

TABLE 222         SICK AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED            246

TABLE 223         SICK AG: PRODUCT LAUNCHES/ENHANCEMENTS            247

TABLE 224         SICK AG: DEALS   247

TABLE 225         HIMA: COMPANY OVERVIEW            248

TABLE 226         HIMA: PRODUCTS/SOLUTIONS/SERVICES OFFERED            248

TABLE 227         IDEC CORPORATION: COMPANY OVERVIEW     249

TABLE 228         IDEC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 251

TABLE 229         IDEC CORPORATION: PRODUCT LAUNCHES     251

TABLE 230         LIST OF KEY SECONDARY SOURCES 264

TABLE 231         LIST OF PRIMARY INTERVIEW PARTICIPANTS  266

TABLE 232         MACHINE SAFETY MARKET: RESEARCH ASSUMPTIONS            271

TABLE 233         MACHINE SAFETY MARKET: RISK ANALYSIS   272

LIST OF FIGURES

FIGURE 1 MACHINE SAFETY MARKET SEGMENTATION AND REGIONAL SCOPE   30

FIGURE 2 STUDY YEARS CONSIDERED            31

FIGURE 3 MARKET SCENARIO           34

FIGURE 4 GLOBAL MACHINE SAFETY MARKET, 2025–2030        35

FIGURE 5 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN

MACHINE SAFETY MARKET, 2021–2025        35

FIGURE 6 DISRUPTIVE TRENDS INFLUENCING GROWTH OF MACHINE SAFETY MARKET 36

FIGURE 7 HIGH-GROWTH SEGMENTS IN MACHINE SAFETY MARKET, 2024            37

FIGURE 8 ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD   38

FIGURE 9 RISING DEMAND OF MACHINE SAFETY IN POWER GENERATION INDUSTRY TO DRIVE MACHINE SAFETY MARKET         39

FIGURE 10          MACHINE SAFETY SYSTEMS TO FORM LARGER SEGMENT IN 2025 AND 2030          39

FIGURE 11          USE OF MACHINE SAFETY IN PROCESS INDUSTRY TO LEAD MARKET

THROUGH PROJECTION PERIOD        40

FIGURE 12          FOOD & BEVERAGES AND US ACCOUNTED FOR LARGEST RESPECTIVE

SEGMENTAL SHARES OF NORTH AMERICAN MARKET IN 2024    40

FIGURE 13          INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL MACHINE SAFETY MARKET

DURING FORECAST PERIOD 41

FIGURE 14          DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES       42

FIGURE 15          IMPACT ANALYSIS: DRIVERS           44

FIGURE 16          IMPACT ANALYSIS: RESTRAINTS      45

FIGURE 17          IMPACT ANALYSIS: OPPORTUNITIES  46

FIGURE 18          IMPACT ANALYSIS: CHALLENGES     47

FIGURE 19          PORTER’S FIVE FORCES ANALYSIS   51

FIGURE 20          VALUE CHAIN ANALYSIS    56

FIGURE 21          MACHINE SAFETY ECOSYSTEM       57

FIGURE 22          AVERAGE SELLING PRICE TREND OF MACHINE SAFETY COMPONENT,

BY REGION, 2021−2024 (USD MILLION)        60

FIGURE 23          IMPORT SCENARIO FOR HS CODE 8536-COMPLIANT PRODUCTS IN

TOP 5 COUNTRIES, 2020–2024 (USD MILLION)            61

FIGURE 24          EXPORT SCENARIO FOR HS CODE 8536-COMPLIANT PRODUCTS IN

TOP 5 COUNTRIES, 2020–2024 (USD MILLION)            62

FIGURE 25          TRENDS & DISRUPTIONS IMPACTING CUSTOMERS’ CUSTOMERS        64

FIGURE 26          INVESTMENT AND FUNDING SCENARIO, 2021–2024

(NO. OF DEALS AND USD MILLION)    65

FIGURE 27          PATENTS APPLIED AND GRANTED, 2015–2024            76

FIGURE 28          MACHINE SAFETY MARKET DECISION-MAKING FACTORS            87

FIGURE 29          INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR END USERS   87

FIGURE 30          KEY BUYING CRITERIA FOR END USERS         88

FIGURE 31          ADOPTION BARRIERS & INTERNAL CHALLENGES            89

FIGURE 32          MACHINE SAFETY MARKET, BY OFFERING      93

FIGURE 33          MACHINE SAFETY SYSTEMS TO LEAD MARKET DURING FORECAST PERIOD           93

FIGURE 34          MACHINE SAFETY MARKET, BY COMPONENT  97

FIGURE 35          PRESENCE DETECTION SENSORS TO LEAD MARKET DURING FORECAST PERIOD 98

FIGURE 36          MACHINE SAFETY MARKET, BY IMPLEMENTATION            122

FIGURE 37          INDIVIDUAL IMPLEMENTATION TO BE LARGER MARKET THROUGH 2030    122

FIGURE 38          MACHINE SAFETY MARKET, BY CONNECTIVITY            125

FIGURE 39          WIRED MACHINE SAFETY SOLUTIONS TO ACCOUNT FOR

LARGER MARKET SHARE THROUGH 2030      125

FIGURE 40          MACHINE SAFETY MARKET, BY SALES CHANNEL            128

FIGURE 41          MACHINE SAFETY MARKET, BY APPLICATION 130

FIGURE 42          ASSEMBLY SEGMENT TO BE LARGEST IN 2025 AND 2030     130

FIGURE 43          MACHINE SAFETY MARKET, BY INDUSTRY     136

FIGURE 44          PROCESS INDUSTRIES TO DOMINATE MARKET DURING FORECAST PERIOD           136

FIGURE 45          MACHINE SAFETY MARKET, BY REGION         160

FIGURE 46          MACHINE SAFETY MARKET SNAPSHOT         161

FIGURE 47          NORTH AMERICA: MACHINE SAFETY MARKET SNAPSHOT            162

FIGURE 48          US TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030            163

FIGURE 49          EUROPE: MACHINE SAFETY MARKET SNAPSHOT            167

FIGURE 50          GERMANY TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2025 TO 2030        168

FIGURE 51          ASIA PACIFIC: MACHINE SAFETY MARKET SNAPSHOT            173

FIGURE 52          INDIA TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD           174

FIGURE 53          ROW: MACHINE SAFETY MARKET SNAPSHOT  180

FIGURE 54          SOUTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030    181

FIGURE 55          MACHINE SAFETY MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS,

2020–2024 (USD MILLION) 193

FIGURE 56          MACHINE SAFETY MARKET SHARE ANALYSIS, 2024            194

FIGURE 57          PRODUCT COMPARISON     196

FIGURE 58          COMPANY VALUATION, 2025 (USD MILLION)   196

FIGURE 59          FINANCIAL METRICS (EV/EBITDA), 2025        197

FIGURE 60          MACHINE SAFETY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024        198

FIGURE 61          MACHINE SAFETY MARKET: COMPANY FOOTPRINT, 2024     199

FIGURE 62          MACHINE SAFETY MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2024   205

FIGURE 63          SCHNEIDER ELECTRIC: COMPANY SNAPSHOT  213

FIGURE 64          KEYENCE CORPORATION: COMPANY SNAPSHOT            216

FIGURE 65          ROCKWELL AUTOMATION: COMPANY SNAPSHOT            220

FIGURE 66          SIEMENS: COMPANY SNAPSHOT       224

FIGURE 67          EMERSON ELECTRIC CO.: COMPANY SNAPSHOT            227

FIGURE 68          HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT            231

FIGURE 69          ABB: COMPANY SNAPSHOT 234

FIGURE 70          OMRON CORPORATION: COMPANY SNAPSHOT 237

FIGURE 71          YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT          241

FIGURE 72          MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT          244

FIGURE 73          SICK AG: COMPANY SNAPSHOT       246

FIGURE 74          IDEC CORPORATION: COMPANY SNAPSHOT    250

FIGURE 75          MACHINE SAFETY MARKET: RESEARCH DESIGN            262

FIGURE 76          MACHINE SAFETY MARKET: RESEARCH APPROACH            264

FIGURE 77          KEY DATA FROM SECONDARY SOURCES       265

FIGURE 78          KEY DATA FROM PRIMARY SOURCES            266

FIGURE 79          KEY INDUSTRY INSIGHTS    267

FIGURE 80          BREAKDOWN OF PRIMARIES, BY COMPANY TYPE, DESIGNATION, AND REGION 267

FIGURE 81          MACHINE SAFETY MARKET: BOTTOM-UP APPROACH            269

FIGURE 82          MACHINE SAFETY MARKET: TOP-DOWN APPROACH            269

FIGURE 83          MACHINE SAFETY MARKET SIZE ESTIMATION METHODOLOGY    270

FIGURE 84          MACHINE SAFETY MARKET: DATA TRIANGULATION            271