Dublin, April 12, 2023 (GLOBE NEWSWIRE) -- The "Industrial Safety Sensors: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Industrial Safety Sensors estimated at US$469.2 Million in the year 2022, is projected to reach a revised size of US$609.5 Million by 2030, growing at a CAGR of 3.3% over the analysis period 2022-2030.
Safety Light Curtains, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$270.7 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Safety Laser Scanners segment is readjusted to a revised 3.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $122.9 Million, While China is Forecast to Grow at 5% CAGR
The Industrial Safety Sensors market in the U.S. is estimated at US$122.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$74.9 Million by the year 2030 trailing a CAGR of 5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.
Select Competitors (Total 58 Featured) -
- ABB Ltd
- AMETEK Factory Automation Inc
- ATEK Access Technologies
- Autonics Corporation
- Balluff GmbH
- Banner Engineering Corp.
- Baumer GmbH
- BEI Sensors
- Contrinex AG
- di-soric GmbH & Co. KG
- Honeywell International Inc.
- ifm electronic gmbh
- Keyence Corporation
- Leuze electronic GmbH & Co. KG
- Omron Corporation
- Panasonic Electric Works Europe AG
- Pepperl+Fuchs
- Pilz GmbH & Co. KG
- Pinnacle Systems, Inc.
- Rockwell Automation, Inc.
- Schneider Electric SE
- SICK AG
- Siemens AG
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 326 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $469.2 Million |
| Forecasted Market Value (USD) by 2030 | $609.5 Million |
| Compound Annual Growth Rate | 3.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Safety at Workplace Throws the Focus on Industrial Safety Sensors for Building Safe & Productive Work Environment
- Global Economic Update
- Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
- Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
- Competition
- Industrial Safety Sensors - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Industrial Safety Sensors: Overview & Outlook
- Recent Market Activity
- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rise in Workplace Accidents in Hazardous Facilities Favors Market Growth
- High Levels of Workplace Related Accidents Bring Renewed Emphasis on Industrial Safety Sensors: Breakdown of Annual Work Related Fatalities (In Thousands) Worldwide by Region
- Industrial Safety Regulations Underpin Market Growth
- Continuous Emphasis on Industrial Automation Augurs Well for Long-Term Growth of Safety Sensors Market
- Growing IoT Spending as Evidenced by the Growing Number of IoT Connected Devices to Benefit the Technology's Use in Ensuring Workplace Safety: Global M2M/IoT Connections (In Billion) for Years 2022, 2024, 2026, 2028 and 2030
- Sensor-Powered Computer Vision to Scale Safety to New Heights
- Distance Measurement & Presence Detection Sensors Rise in Popularity to Ensure Workplace Safety
- Growing Demand for Processed Foods Makes the Food & Beverage Sector a Major End-User of Safety Sensors
- Higher Consumption & Production of Processed Foods Translates Into Increased Investments in Safety Sensors in Food Production Plants: Global Opportunity for Packaged Foods & Food Processing Equipment (In US$ Billion) for Years 2022, 2024, 2026 and 2028
- Growing Adoption of Gas Detection Equipment in Chemical Plants Bodes Well for Growth in the Market
- Trends in Life Science & Pharmaceuticals Support Demand for Safety Sensors
- AI Safety Sensors Storm into the Spotlight
- Sensor Fusion Makes Workplace Safety More Effective. Here's How
- Wearables Sensors Make Workplaces More Safer
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/2urdmi
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