Dublin, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The "Industrial Safety Sensors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Industrial Safety Sensors Market to Reach $609.5 Million by 2030
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 3.8% CAGR and reach US$270.7 Million by the end of the analysis period. Growth in the Safety Laser Scanners segment is estimated at 3.1% CAGR for the next 8-year period.
The emphasis on workplace safety has driven the demand for industrial safety sensors, aimed at creating safer and more productive work environments. Competition in the industrial safety sensors market is reflected in the global key competitors' market share in 2023, with a range of players exhibiting strong, active, niche, or trivial market presence. An overview and outlook of industrial safety sensors highlight their importance in ensuring workplace safety. Recent market activity indicates ongoing developments and innovations aimed at further enhancing safety measures in industrial settings.
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.
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 |
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
- 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
- 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
- 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
FOCUS ON SELECT PLAYERS(Total 58 Featured)
- ABB Ltd.
- AMETEK Factory Automation Inc
- ATEK Companies, LLC
- Autonics Corporation
- Balluff GmbH
- Banner Engineering Corp.
- Baumer GmbH
- Contrinex AG
- di-soric GmbH & Co. KG
- Honeywell International Inc.
- ifm electronic gmbh
- Keyence Corporation
- Leuze electronic GmbH + Co. KG
- Mitsubishi Electric Corporation
- Omron Corporation
- Panasonic Industry Europe GmbH
- Pepperl+Fuchs Vertrieb Deutschland GmbH
- Pilz GmbH & Co. KG
- Pinnacle Systems, Inc.
- Rockwell Automation, Inc.
- Schneider Electric SE
- SICK AG
- Siemens AG
For more information about this report visit https://www.researchandmarkets.com/r/o2ax5m
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