Dublin, Dec. 04, 2023 (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.
The report focuses on the importance of safety in the workplace and the role of industrial safety sensors in creating a safe and productive work environment. It highlights the competitive landscape in the industrial safety sensors market, providing data on the global key competitors’ percentage market share in 2023.
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 report also assesses the competitive market presence of players worldwide in 2023, categorizing them as strong, active, niche, or trivial in the market. Additionally, the report provides an overview and outlook for industrial safety sensors, along with insights into recent market activity and innovations in the field.
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.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
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 | $609.5 Million |
| Compound Annual Growth Rate | 3.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Safety at Workplace Throws the Focus on Industrial Safety Sensors for Building Safe & Productive Work Environment
- Competition
- Industrial Safety Sensors – Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Industrial Safety Sensors: Overview & Outlook
- Recent Market Activity
- Innovations
MARKET TRENDS & DRIVERS
- Rise in Workplace Accidents in Hazardous Facilities Favors Market Growth
- High Levels of Workplace Related Accidents Bring Renewed Emphasis on Industrial Safety Sensors: Breakdown of Annual Work Related Fatalities (In Thousands) Worldwide by Region
- Industrial Safety Regulations Underpin Market Growth
- Continuous Emphasis on Industrial Automation Augurs Well for Long-Term Growth of Safety Sensors Market
- Growing IoT Spending as Evidenced by the Growing Number of IoT Connected Devices to Benefit the Technology’s Use in Ensuring Workplace Safety: Global M2M/IoT Connections (In Billion) for Years 2022, 2024, 2026, 2028 and 2030
- Sensor-Powered Computer Vision to Scale Safety to New Heights
- Distance Measurement & Presence Detection Sensors Rise in Popularity to Ensure Workplace Safety
- Growing Demand for Processed Foods Makes the Food & Beverage Sector a Major End-User of Safety Sensors
- Higher Consumption & Production of Processed Foods Translates Into Increased Investments in Safety Sensors in Food Production Plants: Global Opportunity for Packaged Foods & Food Processing Equipment (In US$ 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
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/co2whe
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- Industrial Safety Sensors Market
