The safety light curtain global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Safety Light Curtain Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The safety light curtain market size has grown strongly in recent years. It will grow from $1.67 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to industrialization boom, early safety regulations, worker safety awareness, evolving manufacturing practices, labor union advocacy.
The safety light curtain market size is expected to see strong growth in the next few years. It will grow to $2.41 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing demand for customized solutions, focus on preventive maintenance, flexible manufacturing needs, increasing awareness about occupational hazards, global expansion of end-user industries, . Major trends in the forecast period include training and education, environmental resistance, technological convergence, innovation in design and functionality.
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Scope Of Safety Light Curtain Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Safety Light Curtain Market Overview
Market Drivers –
Increasing mortality rates due to occupational hazards in developing countries will boost the demand for safety light curtain devices. The mortality rate is the number of deaths (generally speaking, or those brought on by a specific cause) in a specific population scaled to that population’s size per unit of time. Safety light curtains create a detecting screen that guards machine access points and perimeters, preventing both human injury and machine damage. The demand for safety light curtains is increasing due to a rising need for safety measures to decrease the mortality rate. For instance, in December 2022, according to Bureau of Labor Statistics, a US-based government agency, in 2021, there was a 5.6 percent increase in work-related fatalities due to falls, slips, and trips, rising from 805 fatalities in 2020 to 850. Within construction and extraction occupations, the number of fatalities in 2021 reached 370, indicating a 7.2 percent increase compared to the 345 fatalities reported in 2020. Therefore, an increased mortality rate is anticipated to fuel the growth of the safety light curtain market in the upcoming years.
Market Trends –
Advancements in safety light curtains to boost market prospects is a key trend gaining popularity. America and Europe region is being supported by the presence of several leading players in the regions and the various advancements taken by them to expand market presence. For instance, in 2022, SICK German-based manufacturer of sensors and sensor solutions, introduced the deTec4 Prime safety light curtain, which includes an integrated laser alignment help that emits a visible laser and reduces setup and readjusting time. The deTec4 Prime can be configured utilizing four distinct M12 system plugs without a computer using up to three pairs of light curtains connected using standard M12 connectors to cascade guard various sides of a machine. The deTec4 safety light curtains are electro-sensitive protection equipment that complies with IEC 61508, SIL3, and performance level “”e”” according to EN ISO 13849. The deTec4 Prime is strong enough to withstand even the most demanding conditions, and with a scanning range of 21 m and a resolution of 30 mm, it offers dependable protection for a variety of machine types.
The safety light curtain market covered in this report is segmented –
1) By Safety Level: Type 2, Type 4
2) By Component: Photoelectric Cells, Light Emitted Diodes (LEDs), Control Units, Other Components
3) By Application: Packaging, Material Handling, Robotics, Other Applications
4) By End-Use Industry: Manufacturing, Food And Beverages, Healthcare, Packaging, Other End Users Industries
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Regional Insights –
Asia-Pacific was the largest region in the safety light curatin market in 2023. North America is the second largest market. The regions covered in the safety light curtain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the safety light curtain market report are Banner Engineering Corporation, Datalogic S.p.A., Keyence Corporation, Leuze electronic GmbH + Co. KG, Omron Corporation, Panasonic Corporation, Rockwell Automation Inc., SICK Pty Ltd., Carlo Gavazzi Holding AG, K.A. Schmersal Holding GmbH & Co. KG, Hengstler GmbH, Balluff GmbH, Euchner GmbH + Co. KG, Fortress Interlocks Ltd., ReeR Safety S.r.l., Fiessler Elektronik GmbH, Emerson Electric Co., ASO Safety Solutions, HBM Nuclear Technologies GmbH, Satech Safety Technology S.p.A., Smartscan Ltd., ABB Ltd., IDEC Corporation, Pilz GmbH & Co. KG, Rockford Systems LLC, Contrinex AG, Orbital Systems Pvt. Ltd., IDEM Safety Switches Ltd., Pinnacle Systems Inc.
1. Executive Summary
2. Safety Light Curtain Market Report Structure
3. Safety Light Curtain Market Trends And Strategies
4. Safety Light Curtain Market – Macro Economic Scenario
5. Safety Light Curtain Market Size And Growth
…..
27. Safety Light Curtain Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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