Global Industrial Safety Sensors Industry Report 2023: Market to Reach $609.5 Million by 2030 – Industrial Safety Regulations Underpins Growth

DUBLIN, Dec. 5, 2023 /PRNewswire/ — 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 sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

Rise in Workplace Accidents in Hazardous Facilities Favors Market GrowthHigh Levels of Workplace Related Accidents Bring Renewed Emphasis on Industrial Safety Sensors: Breakdown of Annual Work Related Fatalities (In Thousands) Worldwide by RegionIndustrial Safety Regulations Underpin Market GrowthContinuous Emphasis on Industrial Automation Augurs Well for Long-Term Growth of Safety Sensors MarketGrowing 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 2030Sensor-Powered Computer Vision to Scale Safety to New HeightsDistance Measurement & Presence Detection Sensors Rise in Popularity to Ensure Workplace SafetyGrowing Demand for Processed Foods Makes the Food & Beverage Sector a Major End-User of Safety SensorsHigher 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 2028Growing Adoption of Gas Detection Equipment in Chemical Plants Bodes Well for Growth in the MarketTrends in Life Science & Pharmaceuticals Support Demand for Safety SensorsAI Safety Sensors Storm into the SpotlightSensor Fusion Makes Workplace Safety More Effective. Here’s HowWearables Sensors Make Workplaces More Safer

FOCUS ON SELECT PLAYERS(Total 58 Featured)

ABB Ltd.AMETEK Factory Automation IncATEK Companies, LLCAutonics CorporationBalluff GmbHBanner Engineering Corp.Baumer GmbHContrinex AGdi-soric GmbH & Co. KGHoneywell International Inc.ifm electronic gmbhKeyence CorporationLeuze electronic GmbH + Co. KGMitsubishi Electric CorporationOmron CorporationPanasonic Industry Europe GmbHPepperl+Fuchs Vertrieb Deutschland GmbHPilz GmbH & Co. KGPinnacle Systems, Inc.Rockwell Automation, Inc.Schneider Electric SESICK AGSiemens AG

For more information about this report visit https://www.researchandmarkets.com/r/tmoq12

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