Machine Safety

Machine Safety Market by Offering (Hardware, Services, Software), Implementation (Embedded Components, Individual Components), Technology, Application, Industry - Global Forecast 2024-2030

360iResearch Analyst
Want to know more about the machine safety market or any specific requirement? Ketan helps you find what you're looking for.
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[197 Pages Report] The Machine Safety Market size was estimated at USD 5.49 billion in 2023 and expected to reach USD 5.80 billion in 2024, at a CAGR 5.92% to reach USD 8.21 billion by 2030.

Machine Safety Market
To learn more about this report, request a free PDF copy

The machine safety market offers a comprehensive range of products, technologies, and services designed to ensure the secure operation of industrial machinery and equipment. The primary purpose of machine safety is to prevent accidents, reduce downtime due to equipment failure or damage, and comply with relevant industry standards and regulations across various sectors such as manufacturing, automotive, food & beverage processing, pharmaceuticals, oil & gas, energy & power generation, mining, and construction. Increasing focus on workplace safety across industries globally, along with government regulations and safety standards for the protection of workers, is driving the market growth. Moreover, the ongoing trend of industrial automation and the integration of advanced technologies such as IoT is also propelling the industry. However, high implementation costs associated with machine safety systems and interoperability and integration challenges of machine safety systems are hindering the market growth. This results in smart machines equipped with advanced sensors for real-time monitoring of potential hazards. Moreover, adopting Industry 4.0 concepts and cloud-based safety solutions further increases the demand for advanced machine safety solutions.

Machine Safety Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Offering: increasing preferences for machine safety software with advanced analytics to monitor worker safety in real-time

Hardware remains a critical component in ensuring machine safety by providing physical protections such as guards, sensors, switches, and emergency stop devices. These elements work together to help prevent accidents and protect workers from injury during machine operation. Services encompass various aspects of machine safety management, such as consultation, risk assessments, training programs, validation services & maintenance support provided by experts in the field. Services are crucial for companies that need guidance or assistance in implementing machine safety measures effectively while complying with regulations. The software enhances machine safety by managing data obtained from hardware components, analyzing potential risks, and enabling real-time monitoring & control. The software component of machine safety can primarily be categorized into three major areas, including control systems, monitoring systems, and diagnostics. One crucial element within these categories is the Safety Integrity Level (SIL) rating system. SIL measures the reliability of a safety instrumented system (SIS) and its ability to perform its intended function while mitigating risks associated with potential failures.

Implementation: Higher adoption of holistic and highly efficient embedded components prioritizing lower maintenance

Embedded components are integrated into the machine system to provide safety functionalities as part of the overall design. These components offer better reliability and reduced complexity compared to individual components.

Individual components are standalone devices that can be added to the machine system to perform specific safety functions. These components typically require minimal integration effort and can be easily replaced or upgraded.

Application: Growing demand for machine safety in material handling with advanced dynamic obstacle detection technology

In the assembly segment, machine safety is crucial to ensure smooth operations, protect workers from potential hazards, and maintain quality standards. Machine safety in assembly includes advanced assembly robots with integrated safety features such as collision detection systems and emergency stop functions. Material handling involves the movement, storage, control, and protection of materials throughout the manufacturing process. Machine safety in this sector necessitates equipment, including conveyors, palletizers, and automated guided vehicles (AGVs), to prevent accidents and enhance workplace efficiency. Metal working processes such as cutting, shaping, and joining metals require stringent machine safety measures owing to the high temperatures involved and the hazardous nature of materials used in these applications. Packaging applications require a high degree of machine safety to protect workers from injuries caused by machinery pinch points, moving parts, or sharp edges while ensuring product quality standards are maintained.

Industry: Growing emphasis of machine safety across food & beverages industry to minimize contamination risks and maintaining hygiene standards

Machine safety is paramount in the aerospace and defense sector as it deals with high-value assets, complex machinery, and highly sensitive data. In automotive and transportation industries, machine safety reduces workplace accidents during vehicle assembly and maintenance processes. The chemical and materials industry requires robust machine safety measures due to hazardous substances' potential risks during processing or handling. In the food and beverage industry, machine safety ensures contamination-free processing environments while preventing occupational hazards related to automation or high-speed equipment use. In general manufacturing setups, machine safety encompasses protective measures such as guardrails, light curtains, and programmable safety controllers. The oil & gas sector demands robust machine safety measures due to the high risk of explosions or fires from hazardous material handling processes. Machine safety in the semiconductor and electronics industry is necessary to protect workers from exposure to harmful chemicals and maintain product quality standards.

Regional Insights

In the United States, the Occupational Safety and Health Administration (OSHA) oversees machine safety standards, while Canada follows suit through its Canadian Standards Association (CSA). Both countries are experiencing increased demand for innovative safety solutions due to advancements in automation and robotics. In Europe, stringent regulations under the Machinery Directive (2006/42/EC) promote high levels of worker protection and encourage a competitive market for safe machinery. European companies receive strong support from governments and research institutions in developing advanced machine safety technologies. The Middle East invests heavily in diversifying its economies beyond oil production, leading to increased industrialization and adoption of international standards such as ISO 12100 for workplace safety. Africa's expanding manufacturing, mining, agriculture, and construction sectors drive the demand for improved machine safety measures. The Asia-Pacific region has been experiencing rapid industrial growth over recent years, particularly in countries like China and India. Expanding industries such as automotive, electronics, chemical processing, pharmaceuticals, and textile manufacturing have created substantial demand for machine safety solutions. Governments in this region are also progressively recognizing the importance of workplace safety regulations by implementing stricter guidelines.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Machine Safety Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Machine Safety Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • OMRON introduces NX502 controllers with advanced information and safety control

    OMRON has introduced the NX-series NX502 automation controllers and the new NX-EIP201 EtherNet/IPTM units specially designed for machine safety and ESG (Environmental, Social, and Governance) management. These controllers offer high-precision data collection with a jitter of 1 μs, along with an impressive data transfer capacity that is approximately four times higher than other controllers in the same class. Furthermore, the integrated control technology incorporated in these units significantly reduces lead times during line changes, allowing for up to eight network system separations and 254 safety connections. [Published On: 2023-04-17]

  • Clarion Safety Systems Acquires Machine Safety Specialists

    Clarion Safety Systems, a prominent manufacturer of safety labels, signs, and tags, has recently acquired Machine Safety Specialists, a reputable consulting practice specializing in machine safety and compliance. This acquisition enables Clarion Safety to provide world-class services to its OEM and environmental health and safety customers. Machine Safety Specialists possess expertise in various areas, including robotics, automated machinery, fluid power safety systems, and functional safety systems. [Published On: 2022-06-13]

Key Company Profiles

The report delves into recent significant developments in the Machine Safety Market, highlighting leading vendors and their innovative profiles. These include ABB Asea Brown Boveri Ltd., Balluff GmbH, Banner Engineering Corp., Datalogic S.p.A. by Hydra S.p.A., Eaton Corporation PLC, Emerson Electric Co., EUCHNER GmbH + Co. KG, Fortress Interlocks Limited by Halma PLC, Honeywell International Inc., IDEC Corporation, K.A. Schmersal GmbH & Co. KG, KEYENCE Corporation, Leuze Group, Mitsubishi Electric Corporation, OMRON Corporation, Phoenix Contact GmbH & Co. KG, Procter Brothers Ltd., Rockwell Automation, Inc., Satech Safety Technology Spa, Schneider Electric SE, Sick AG, Siemens AG, Smartscan Ltd., Spiers Ltd., and Wieland Holding GmbH.

Market Segmentation & Coverage

This research report categorizes the Machine Safety Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Offering
    • Hardware
    • Services
    • Software
  • Implementation
    • Embedded Components
    • Individual Components
  • Technology
    • Emergency Stop Devices
      • Push Buttons
      • Rope Pull Buttons
    • Presence-Sensing Safety Sensors
      • Laser Scanners
      • Safety Edge Profiles
      • Safety Light Curtains
      • Safety Mats
    • Programmable Safety Systems
    • Safety Controller/Modules/Relays
      • Multi-function
        • Modular
        • Monolithic
      • Single Function
  • Application
    • Assembly
    • Material Handling
    • Metal Working
    • Packaging
  • Industry
    • Aerospace & Defence
    • Automotive & Transportation
    • Chemical & Materials
    • Food & Beverages
    • Healthcare & Pharmaceuticals
    • Manufacturing
    • Oil & Gas
    • Semiconductor & Electronics

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Machine Safety Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Machine Safety Market?
  3. What are the technology trends and regulatory frameworks in the Machine Safety Market?
  4. What is the market share of the leading vendors in the Machine Safety Market?
  5. Which modes and strategic moves are suitable for entering the Machine Safety Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Machine Safety Market, by Offering
  7. Machine Safety Market, by Implementation
  8. Machine Safety Market, by Technology
  9. Machine Safety Market, by Application
  10. Machine Safety Market, by Industry
  11. Americas Machine Safety Market
  12. Asia-Pacific Machine Safety Market
  13. Europe, Middle East & Africa Machine Safety Market
  14. Competitive Landscape
  15. Competitive Portfolio
  16. List of Figures [Total: 26]
  17. List of Tables [Total: 834]
  18. List of Companies Mentioned [Total: 25]
Ensuring Machine Safety: The Importance of Government Regulations
July 9, 2023
Ensuring Machine Safety: The Importance of Government Regulations
Machines are critical components in many industries, from production to healthcare, making work easier and faster and increasing efficiency and productivity. However, these machines can pose severe risks to workers operating in an unsafe environment. Every year, thousands of workers suffer injuries because of machine-related accidents. The results of such accidents can be severe, ranging from physical harm to loss of productivity and even death. For this reason, the government has imposed regulations and safety standards to protect workers.

Protection of Workers' Health and Safety:

The primary role of government regulations in machine safety ensures the health and safety of workers. Machine accidents can cause serious harm to workers, leading to long-term injuries or death. The regulations set standards that focus on reducing or eliminating hazards associated with machines, such as entrapment, crushing, and electrical shock. These standards protect workers from accidents and ensure their overall well-being.

Compliance with Standards:

Government regulations promote compliance with safety standards. Companies are mandated to comply with these regulations to ensure they operate within acceptable safety limits. Machines are subjected to periodic testing and inspection to adhere to safety standards. These standards help companies identify potential hazards and implement appropriate safety measures. Companies that cannot comply with these standards are penalized and liable for worker injuries or fatalities.

Increased Productivity:

When machines are operated in a safe environment, productivity increases. Safe machine conditions help to eliminate downtime caused by accidents and injuries. Companies can focus on producing quality products while workers concentrate on performing their duties. Safe machine environments are essential for worker motivation and critical for increased productivity.

Improved Reputation:

Companies that adhere to safety standards and regulations improve their reputation. Customers prefer to engage with companies that value worker safety, positively impacting employee morale. A safe working environment displays a company's commitment to the welfare of its workers and the general public. Furthermore, reduced injury rates translate into lower insurance costs, a significant company advantage.

Reduced Lawsuits:

Safety regulations help to reduce lawsuits arising from machine-related accidents. When companies comply with safety regulations, the likelihood of accidents reduces, which translates to fewer lawsuits against the company and its management. Lawsuits can be time-consuming and costly, and adhering to safety regulations helps reduce the risk of litigation.

Government regulations are essential in ensuring machine safety. The regulations safeguard worker health and well-being, improve productivity, reduce the likelihood of workplace-related accidents, and attract positive customer perception. Companies that comply with these regulations emerge stronger, more productive, and gain a competitive advantage. All industries must remain vigilant in ensuring machines safely operate within acceptable limits, protecting workers and the overall health and well-being of society.

Frequently Asked Questions
  1. How big is the Machine Safety Market?
    Ans. The Global Machine Safety Market size was estimated at USD 5.49 billion in 2023 and expected to reach USD 5.80 billion in 2024.
  2. What is the Machine Safety Market growth?
    Ans. The Global Machine Safety Market to grow USD 8.21 billion by 2030, at a CAGR of 5.92%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.