Machine Safety Market worth $6.8 billion by 2028 - Exclusive Report by MarketsandMarkets™
The emergence of Industry 4.0 and the Internet of Things (IoT) has brought about new possibilities for the machine safety market.
- The emergence of Industry 4.0 and the Internet of Things (IoT) has brought about new possibilities for the machine safety market.
- By integrating safety systems with IoT technologies, real-time monitoring and analysis of safety data can be achieved, leading to improved maintenance efficiency and reduced downtime.
- Asia Pacific is expected to grow at highest CAGR in machine safety market from 2023 to 2028.
- Key players operating in the Machine Safety market include Emerson Electric Co. (US), Schneider Electric (France), Honeywell International Inc (US), Rockwell Automation, Inc. (US), and Siemens AG (Germany) are the top five players in the Machine Safety market.