Chicago, Feb. 29, 2024 (GLOBE NEWSWIRE) -- The global Machine safety market is expected to grow from USD 5.4 billion in 2024 to USD 7.0 billion by 2029, registering a CAGR of 5.4%. The machine safety market is expanding, driven by increased automation, stringent safety regulations, heightened awareness of occupational safety, technological advancements, and the ongoing global industrialization trend in various sectors.
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Machine Safety companies include:
- Schneider Electric (France),
- Honeywell International, Inc. (US),
- ABB (Switzerland),
- Rockwell Automation, Inc. (US),
- Siemens AG (Germany),
- OMRON Corporation (Japan),
- Keyence Corporation (Japan),
- Yokogawa Electric Corporation (Japan),
- Emerson Electric Co. (US),
- General Electric (US),
- Mitsubishi Electric Corporation (Japan),
- Sick AG (Germany),
- HIMA (Germany), and
- IDEC Corporation (Japan).
These companies have a global footprint, providing a comprehensive suite of solutions and services in machine safety and related sectors. They depend on their robust research and development capabilities, as well as diverse product and service portfolios, to enhance their market share.
Top 3 Players in the Machine Safety Market:
Emerson Electric Co.
Emerson Electric Co. specializes in the manufacturing and development of process controls, systems, valves, and analytical instruments, providing industrial, commercial, automation, and residential solutions globally. The company operates through three distinct business segments: Automation Solutions, AspenTech, and Commercial & Residential Solutions. Within the Automation Solutions segment, Emerson Electric Co. is dedicated to delivering machine safety solutions, catering to customers in both process and discrete industries. Leveraging its extensive industry experience, Emerson Electric Co. empowers automation businesses to develop comprehensive solutions for their clients.
The company utilizes its global reach, subject-matter expertise, and advanced industrial software to assist industries in attaining crucial operational and sustainability objectives. With robust technological and engineering capabilities, Emerson Electric Co. establishes a competitive edge in the machine safety market. Emerson Electric Co. offers a diverse range of safety components for machine safety solutions, including actuators, valves, digital valve controllers, solenoid valves, and pressure transmitters. These products adhere to the safety specifications outlined in the Safety Requirements Specifications (SRS), ensuring that the Safety Integrity Level (SIL) is maintained throughout the entire lifespan of the installed products.
Schneider Electric
Schneider Electric offers a comprehensive range of hardware, software, and services dedicated to energy management and automation solutions. Strategically positioned, the company excels in providing software solutions for visualization, supervisory control, real-time operation management, asset management, and information management in process industry plants. Schneider Electric operates through two primary business segments: Energy Management and Industrial Automation.
Within the Industrial Automation business segment, Schneider Electric is a key player in delivering machine safety solutions. The company offers SIL 3-certified safety solutions, ensuring the fail-safe performance of controllers for applications such as energize-to-trip and de-energize-to-trip. The Schneider Electric brand Triconex introduces Trident safety instrumented systems, holding SIL 3 certification. These safety systems exhibit high scalability, accommodating applications ranging from as low as 32 1/0 points per system to as high as 40,000 I/O points.Schneider Electric boasts a robust portfolio of machine safety-certified emergency stop devices and safety instrumented systems. Additionally, the company possesses expertise in distributed control systems (DCS)
Rockwell automation, Inc.
Rockwell Automation, Inc. is a leading industrial automation and information solutions provider. The company offers diverse products and services, including industrial controls, information software, sensing devices, and industrial security solutions. The company operates through three business segments: Intelligent Devices, Software & Control, and Lifecycle Services. The Software and control operating segment contains a comprehensive portfolio of production automation and production operation tools, including hardware and software. This integrated portfolio merges information technology (IT) and operational technology (OT), bringing the benefits of the connected enterprise to the production system.
Rockwell Automation offers machine safety solutions through its Software and control segment. The company offers machine safety products such as safety connection systems, safety drives, I/O modules, emergency stop devices, presence-sensing safety devices, safety programmable controllers, safety relays, and safety switches through this segment.
