Farmington, March 14, 2023 (GLOBE NEWSWIRE) -- The Global Safety Sensors and Switches Market Size Was Valued At USD 14 Billion In 2022 And Is Expected To Reach USD 30 Billion By 2030, At A CAGR Of 10.7% From 2022 To 2030. Safety sensors are devices that can detect the presence of any object or person. They are most often used in machine guarding to detect the presence of any object or person. The safety switch is a safety device that keeps an eye on things that can move, like doors, covers, and wells. Safety sensors and switches are very important for making sure that staff and workers in HMIs are safe. These items help keep people and machines from getting in each other's way at work, which can be dangerous. Safety sensors have a lot of different parts, like infrared sensors, fiber optic sensors, proximity sensors, vision sensors, magnetic sensors, and acoustic sensors.
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Safety Sensors and Switches Market Recent Developments:
- In December 2020, Rockwell Automation Indonesia launched a new safety switch (Allen-Bradley Guardmaster 440G-EZ) that helps protect people, processes, es and equipment. The new electromagnetic safety switch adopts the power-on locking magnetic locking function to improve the overall process.
- In July 2020, Yokogawa launched new pressure and temperature sensors for Sushi Sensor wireless industrial IoT solutions in Europe, North America, and selected Southeast Asian markets. The new product features improve sensor maintenance efficiency through modularization.
- In October 2021, Omron launched the D41 series safety door switch, which can effectively reduce the risk of deactivation of the interlock device and ensure the safety of the production site.
- In August 2019, Leuze electronic opened a new logistics center in Singapore to meet the growing demands of its Asian customers.
Safety Sensors and Switches Market Dynamics:
Drivers:
As workplace safety rules get stricter, companies are spending more on safety sensors and controls to avoid accidents and make sure they follow safety rules.
Automation is being used more and more in industrial processes, and this has raised the need for safety sensors and controls that make sure machines and equipment work in a safe way.
The growth of the market for safety sensors and switches is being driven by the creation of new technologies like the Internet of Things (IoT), cloud computing, and artificial intelligence (AI). These technologies make it possible to keep an eye on safety systems in real-time and make workplaces safer generally.
Restraints:
Safety sensors and controls can be expensive to install and keep up, which limits their use in some industries and uses.
Installing and fixing safety sensors and switches requires skilled workers, which can be hard in some areas where there aren't enough skilled workers.
Compatibility Problems: Sometimes, safety sensors and controls may not work with the tools or systems that are already in place. This can lead to extra costs and delays in getting the system up and running.
Even though people are becoming more aware of safety in the workplace, there may still be some groups or industries that don't know what the benefits of safety sensors and switches are. This can make it harder to put them in place.
Opportunity:
Internet of Things (IoT) and artificial intelligence (AI) technologies can be used to connect safety sensors and switches so that they can be monitored in real time and repair can be planned ahead of time. This can help stop disasters and make the workplace safer.
Demand from Emerging Markets: Emerging markets like Asia-Pacific and Latin America offer a lot of possibilities for the market for safety sensors and switches because their industrial sectors are growing quickly and they are paying more attention to safety at work.
Regional Outlook:
Safety sensors and switches have been around for a long time in North America, where job safety is taken very seriously and strict rules are in place. Safety sensors and switches are used a lot in the region's industrial base.
Europe is another mature market for safety monitors and switches. Workplace safety is very important in Europe, and there are strict rules about it. The business base in the area is well-established and a big buyer of safety sensors and controls.
Asia-Pacific is a fast-growing market for safety sensors and switches because the industrial sector is growing and worker safety is becoming more important. The big and growing middle class in the region drives the demand for cars and other consumer goods that need sensors and controls for safety.
Safety sensors and switches are also becoming more popular in Latin America, where the industrial sector is growing and worker safety is becoming more important. The big and growing middle class in the region drives the demand for cars and other consumer goods that need sensors and controls for safety.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | 10.7% from 2023 to 2030 |
| Market Size in 2022 | USD 14 Billion |
| Revenue Forecast by 2030 | USD 30 Billion |
| By Type |
|
| By Applications |
|
| By Companies | SICK, Pepperl+Fuchs, Rockwell, Ifm, Omron, Datalogic, K. A. Schmersal, IDEC, Panasonic, Banner Engineering, ABB, Baumer, Delphi, Eaton, Bernstein, Weidmüller., and Others |
| Base Year | 2022 |
| Historical Year | 2017 to 2021 |
| Forecast Year | 2023 to 2030 |
Safety Sensors and Switches Market Key Segments Covered:
Top Market Players:
SICK, Pepperl+Fuchs, Rockwell, Ifm, Omron, Datalogic, K. A. Schmersal, IDEC, Panasonic, Banner Engineering, ABB, Baumer, Delphi, Eaton, Bernstein, Weidmüller., and Others.
Safety Sensors and Switches Market by Types:
- Safety light curtains
- Safety mats
- Safety laser scanners
- Other
Safety Sensors and Switches Market by Applications:
- Automotive
- Food & Beverage
- Electronics
- Packages
- Other
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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