The North American & European Markets for Machine Automatic Safeguarding Equipment - Second Edition
Report
These reports analyze the European and North American markets for machine automatic safeguarding equipment. Each report provides market sizes, segmentations, and forecasts for these products. These include segmentations and forecasts by consuming industries and applications.
These reports analyze the European and North American markets for machine automatic safeguarding equipment. Each report provides market sizes, segmentations, and forecasts for these products. These include segmentations and forecasts by consuming industries and applications.
Report Highlights
The European market for the machine automatic safeguarding products studied totaled $751.6 million in 2004 and is forecast to reach $931.8 million in 2007, increasing at a compound annual growth rate (CAGR) of 7.4%. The North American market totaled $250.2 million in 2004 and is forecast to reach $356.0 million in 2007, increasing at a compound annual growth rate of 12.5%. Factors contributing to the expected high growth rate include:
Cost savings due to efficiency gains - The implementation of machine automatic safeguarding allows users to operate efficient high-speed machinery and equipment without fear of personal injury or equipment damage.
General economic trend - The North American economy has grown steadily since the downturn of 2001-2002. This improved business environment has encouraged firms to make capital expenditures, especially if improvements in efficiency can impact manufacturing costs. In the case of upgrading, newer replacement equipment will tend to have more safeguarding.
Safety buses and networking - The creation of safety networks and buses based on existing open buses and networks, such as AS-I and Profibus, allows users to control and monitor their safety networks and devices over a distributed I/O network. This reduces cost and improves performance over hard-wired devices. More complexity and diagnostics will be used to provide safer, more functional machinery.
Safety standards and requirements - New standards are being created in North America and the European Union, as well as a convergence in the requirements between these two regions.
Consuming Industries Covered
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Appliance Automotive Chemical Electric Power Electronic Components Electronic Products Food & Beverage
Oil & Gas Paper Converting Petrochemical Primary Metals Semiconductor Textile
These reports analyze the European and North American markets for machine automatic safeguarding equipment. Each report provides market sizes, segmentations, and forecasts for these products. These include segmentations and forecasts by consuming industries and applications.