DUBLIN, April 29, 2013 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/bf6eba77/global_machine_saf) has announced the addition of the "Global Machine Safeguarding Solution Market 2011-2014" report to their offering.
Global Machine Safeguarding Solution market to grow at a CAGR of 10.5 percent over the period 2011-2014. One of the key factors contributing to this market growth is the need for increased workplace safety. The Global Machine Safeguarding Solution market has also been witnessing increasing demand from MSME (micro, small- and medium-scale enterprises) sector. However, the need for huge capital and operational changes required to adopt machine safeguarding solutions could pose a challenge to the growth of this market.
Key vendors dominating this market space include Siemens AG, Rockwell Automation Inc., ABB Ltd, and Honeywell International Inc.
Key questions answered in this report:
- What will the market size be in 2014 and at what rate will it grow?
- What key trends is this market subject to?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the opportunities and threats faced by each of these key vendors?
- What are the strengths and weaknesses of each of these key vendors?
Commenting on the report, an analyst from TechNavio's Engineering Services team said, Globalization has pushed several global players to the APAC region. As a result of economic revival in the post-recession period, many companies across the globe are increasing their investments in the APAC region. This increases demand for the small and medium-sized industries in countries such as India and China to deliver quality products, for increased revenue generation. This emerging sector is expected to increase their focus toward the machine safeguarding solutions to enable them to scale up in line with global operational standards.
According to the report, effective machine safeguarding solutions in-place optimizes the machine operation, thereby anticipating and eliminating the potential hazards that would result in workplace injuries. There is huge demand for the skilled-labour force across the manufacturing sector. The lack of awareness about the safe-machine handling techniques increases the possibility of machines being mishandled, thereby leading to injuries and mishaps. These problems that start as minor mishaps would lead to decreased productivity and product quality.
The report also discusses that the main challenge faced by the Global market is the need for a large amount of capital required to adopt these solutions.
Key Topics Covered:
1. Executive Summary
3. Market Coverage
4. Market Landscape
5. Vendor Landscape
6. Buying Criteria
7. Market Growth Drivers
8. Drivers and their Impact
9. Market Challenges
10. Market Trends
11. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/bf6eba77/global_machine_saf
Research and Markets
Laura Wood, Senior Manager.
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SOURCE Research and Markets