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INDUSTRIAL SAFETY SENSORS

Global Market Trajectory & Analytics

MCP12674

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  •  DATE

    JULY 2020

  •  TABLES

    111

  •  PAGES

    326

  •  EDITION

    7

  •  PRICE

    USD $4950


COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Industrial Safety Sensors estimated at US$440.9 Million in the year 2020, is projected to reach a revised size of US$544 Million by 2027, growing at a CAGR of 3% over the analysis period 2020-2027.Safety Light Curtains, one of the segments analyzed in the report, is projected to grow at a 3.4% CAGR to reach US$252.3 Million by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Safety Laser Scanners segment is readjusted to a revised 2.8% CAGR for the next 7-year period. This segment currently accounts for a 37% share of the global Industrial Safety Sensors market.
The Industrial Safety Sensors market in the U.S. is estimated at US$116.3 Million in the year 2020. The country currently accounts for a 26.37% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$63.6 Million in the year 2027 trailing a CAGR of 4.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR while Rest of European market (as defined in the study) will reach US$63.6 Million by the year 2027.
In the global Safety Edges segment, USA, Canada, Japan, China and Europe will drive the 2.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$58 Million in the year 2020 will reach a projected size of US$68.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$73.7 Million by the year 2027.We bring years of research experience to this 7th edition of our report. The 282-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, ABB Group; Emersion Electric Co.; General Electric Company; HIMA Paul Hildebrandt GmbH; Honeywell International, Inc.; Johnson Controls International PLC; OMRON Corporation (Industrial Automation); Pepperl+Fuchs GmbH; Rockwell Automation, Inc.; Schneider Electric SA; SICK AG; Siemens AG
» Product (Safety Light Curtains, Safety Laser Scanners, Safety Edges) » End-Use (Food & Beverage, Pharmaceuticals, Automotive, Other End-Uses)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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