Product category:
Alarms, annunciators and safety interlocks
News Release from: ARC Advisory Group | Subject: Machine Safeguarding
Edited by the Processingtalk Editorial
Team on 03 August 2007
Market for machine safeguarding
solutions
The overall machine safeguarding market is growing as a direct result of the continued demand for industrial machinery, but more new and reliable safeguarding components are entering the market
The worldwide market for machine safeguarding solutions is expected to grow at a compounded annual growth rate (CAGR) of 12.5% over the next five years, growing from USD1.5 billion in 2006 to be over USD2.8 billion in 2011 "The challenge to suppliers of machine safeguarding components is that increasingly more new and reliable safeguarding components are entering the market
This article was originally published on Processingtalk on 21 Nov 2003 at 8.00am (UK)
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This is pulling some of the growth away from the traditional Safety Relay module market" according to Research Director Sal Spada, the principal author of the ARC report "Machine Safeguarding Solutions Worldwide Outlook".
Global manufacturers view safety as a means to offset the decline in the availability of a large skilled labour pool.
Strategic safety initiatives have moved to the forefront of critical topics for manufacturers due to an increased awareness of total return on investment.
In addition to ensuring worker safety, manufacturers are learning how an intelligent safety strategy can become a competitive advantage rather than a cost burden.
As the availability of control reliable servos, fluid power, and PLCs emerge on the market, safeguarding solutions in these sectors are threatening the traditional safety relay market sector.
Consulting services are increasingly more important in the selling process to assist machine builders in making the right choice for their particular application.
In many ways, the machine builder today is faced with the same challenges they face when seeking to create the optimal mechatronic solution for the machine.
In many cases, it required a completely new approach to the design of the machine, as the optimal balance between mechanical, electrical, and software became critical to achieving higher productivity and reliability from a machine design.
The highest growth markets for Machine Safeguarding are coming from China, Japan, and India.
Japan is experiencing significant growth as the aging population exits the workforce.
The Japanese government has mandated that companies with greater than 20 workers must purchase machinery and equipment with safety integrated solutions.
China, in contrast, is driven by the major growth in tourism and infrastructure projects.
Also, the transfer of production to China by major manufacturers is bringing a safety mentality to the region.
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