Global Safety Light Curtains Strategic Markets Report 2023: A $1.5 Billion by 2030 - Sustained Emphasis on Industrial Automation Augurs Well for Long-Term Growth

DUBLIN, Feb. 27, 2023 /PRNewswire/ -- The "Safety Light Curtains: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Safety Light Curtains Market to Reach $1.5 Billion by 2030

The global market for Safety Light Curtains estimated at US$1 Billion in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.

Type 2, one of the segments analyzed in the report, is projected to record 4.2% CAGR and reach US$415.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Type 4 segment is readjusted to a revised 5.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $262.9 Million, While China is Forecast to Grow at 6.8% CAGR

The Safety Light Curtains market in the U.S. is estimated at US$262.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$225.6 Million by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Industrial Activity to Remain Subdued in the Immediate Term, Inducing Weakness into the Market
• An Introduction to Safety Light Curtains
• History of Light Curtain for Safety
• Specifications of Safety Light Curtain
• Functions of Light Curtains
• Type 2 & Type 4 Safety Light Curtains
• Global Market Prospects & Outlook
• Advanced Features of Type 4 Safety Light Curtains Boost Adoption
• Type 2 Safety Light Curtains: Widespread Deployment in Low Risk Areas
• Automotive Sector Emerges As the Largest End-Use Category
• Developing Economies Poised to Drive Long-term Growth
• Competition
• World Brands
• Recent Market Activity
• Safety Light Curtains - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

FOCUS ON SELECT PLAYERS (Total 63 Featured)

• Banner Engineering
• Carlo Gavazzi Holding
• Datalogic S.p.A.
• K.A. Schmersal Holding
• Keyence Corporation
• Leuze Electronic
• Omron Corporation
• Panasonic Corporation
• Pinnacle Systems
• Pilz GmbH & Co. KG
• Pepperl+Fuchs
• ReeR
• Rockwell Automation, Inc.
• Schneider Electric
• SICK AG

MARKET TRENDS & DRIVERS

• High Risk of Mortality and Injuries from Occupational Hazards Drives Importance of Safety Light Curtains
• High Levels of Workplace Related Accidents Bring Renewed Emphasis on Safety Light Curtains
• Safety Hazards Driving Adoption of Safety Light Curtains in Manufacturing Industries
• Sustained Emphasis on Industrial Automation Augurs Well for Long-Term Growth of Safety Light Curtains Market
• COVID-19 Mandates Additional Automation Changes to Plant Floor & Factory Operations
• Shift Towards Industry 4.0 and Industrial Automation Enhances Importance of Safety Light Curtains
• IoT Sensors Step In to Further Automate Industrial Environments & Augment Workplace Safety
• Rising Use of Robots in Industrial Facilities and the Imperative Need to Ensure Safety of Work Environments Drives Market Growth
• Combination of Smart Safety Automation and Software for Reduced Injuries Risk for Humans on Robotic Manufacturing Floors
• Human Robot Collaboration: Significance of Risk Assessment of Robotic Systems
• Packaging Industry: Growing Use of Automation and Robotics Fuels Market Prospects
• Increasing Automation in Packaging Industry to Drive Adoption of Safety Light Curtains
• Protection of Machinery in Healthcare, Life Science & Pharmaceutical Manufacturing Plants to Fuel Use of Safety Light Curtains
• Semiconductor & Electronics: Rising Use of Automation for Production of Varied Products Necessitates Use of Safety Light Curtains
• Growing Use of Consumer Electronics Bodes Well for the Market
• Advancements in Safety Light Curtains to Boost Market Prospects
• Novel Safety Light Curtains for End-of-Line Packaging Plants and Tire & Auto Parts Manufacturing Plants
• openSAFETY Protocol of EPSG for Intelligent Light Curtains
• Market to Benefit from Implementation of Safety Regulations for Industrial Operations
• Challenges Facing Safety Light Curtains Market
• Common Issues with Safety Light Curtains

For more information about this report visit https://www.researchandmarkets.com/r/wvvt2k-light?w=5

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