Safety Light Curtains Global Market is Projected to Reach $1.5 Billion by 2030: Sustained Emphasis on Industrial Automation Augurs Well for Long-Term Growth
Global Market for Safety Light Curtains
Dublin, April 28, 2023 (GLOBE NEWSWIRE) -- The "Safety Light Curtains: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Safety Light Curtains estimated at US$1 Billion in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.
Type 2, one of the segments analyzed in the report, is projected to record 4.2% CAGR and reach US$415.3 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Type 4 segment is readjusted to a revised 5.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $262.9 Million, While China is Forecast to Grow at 6.8% CAGR
The Safety Light Curtains market in the U.S. is estimated at US$262.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$225.6 Million by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.
Select Competitors (Total 63 Featured) -
Banner Engineering
Carlo Gavazzi Holding
Datalogic S.p.A.
K.A. Schmersal Holding
Keyence Corporation
Leuze Electronic
Omron Corporation
Panasonic Corporation
Pinnacle Systems
Pilz GmbH & Co. KG
Pepperl+Fuchs
ReeR
Rockwell Automation, Inc.
Schneider Electric
SICK 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 | 333 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $1 Billion |
Forecasted Market Value (USD) by 2030 | $1.5 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of COVID-19 Pandemic and Looming Global Recession
Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
Weak Global Economic Environment & Negative Tide in GDP Forecasts Discourage the Market
World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
Industrial Activity to Remain Subdued in the Immediate Term, Inducing Weakness into the Market
Global PMI Index Points for the Years 2018, 2019 & 2020
Business Confidence Index (BCI) Points for 3Q 2019, 4Q 2019, 1Q 2020, & 2Q 2020
An Introduction to Safety Light Curtains
History of Light Curtain for Safety
Specifications of Safety Light Curtain
Functions of Light Curtains
Type 2 & Type 4 Safety Light Curtains
Global Market Prospects & Outlook
Advanced Features of Type 4 Safety Light Curtains Boost Adoption
Type 2 Safety Light Curtains: Widespread Deployment in Low Risk Areas
Automotive Sector Emerges As the Largest End-Use Category
Developing Economies Poised to Drive Long-term Growth
Competition
World Brands
Recent Market Activity
Safety Light Curtains - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
High Risk of Mortality and Injuries from Occupational Hazards Drives Importance of Safety Light Curtains
High Levels of Workplace Related Accidents Bring Renewed Emphasis on Safety Light Curtains: Breakdown of Annual Work Related Fatalities (In Thousands) Worldwide by Region
Total Cost of Workplace Injuries in the US: Breakdown of Expenditure (in %) for 2018
Safety Hazards Driving Adoption of Safety Light Curtains in Manufacturing Industries
Workplace Safety Index: Cost to Businesses (in US$ Billion) by Disabling Workplace Injuries
Sustained Emphasis on Industrial Automation Augurs Well for Long-Term Growth of Safety Light Curtains Market
COVID-19 Mandates Additional Automation Changes to Plant Floor & Factory Operations
Shift Towards Industry 4.0 and Industrial Automation Enhances Importance of Safety Light Curtains
Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020E
IoT Sensors Step In to Further Automate Industrial Environments & Augment Workplace Safety
Rising Use of Robots in Industrial Facilities and the Imperative Need to Ensure Safety of Work Environments Drives Market Growth
Global Industrial Robots Market Size (in US$ Billion) for the Years 2019, 2021, 2023 & 2025
Combination of Smart Safety Automation and Software for Reduced Injuries Risk for Humans on Robotic Manufacturing Floors
Human Robot Collaboration: Significance of Risk Assessment of Robotic Systems
Packaging Industry: Growing Use of Automation and Robotics Fuels Market Prospects
Increasing Automation in Packaging Industry to Drive Adoption of Safety Light Curtains: Global Packaging Automation Market Size (in US$ Billion) for the Years 2019, 2022 & 2025
Post COVID-19 Recovery in Auto Industry & Growing Use of Automated Machinery in Production Operations to Propel Market
World Automobile Production in Million Units: 2008-2022
Protection of Machinery in Healthcare, Life Science & Pharmaceutical Manufacturing Plants to Fuel Use of Safety Light Curtains
Global Pharmaceutical R&D Spending in US$ Billion for the Years 2019, 2021, 2023 and 2025
Semiconductor & Electronics: Rising Use of Automation for Production of Varied Products Necessitates Use of Safety Light Curtains
Growing Use of Consumer Electronics Bodes Well for the Market: Number of Consumer Electronic Users (in Million) for the Years 2019, 2021, 2023, 2025 & 2027
Smartphone Penetration Rate as Share of Total Population: 2016-2020
Advancements in Safety Light Curtains to Boost Market Prospects
Novel Safety Light Curtains for End-of-Line Packaging Plants and Tire & Auto Parts Manufacturing Plants
openSAFETY Protocol of EPSG for Intelligent Light Curtains
Market to Benefit from Implementation of Safety Regulations for Industrial Operations
Challenges Facing Safety Light Curtains Market
Common Issues with Safety Light Curtains
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/2pt3yf
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