Global Safety Light Curtains Industry to 2026 - Market to Benefit from Implementation of Safety Regulations for Industrial Operations - ResearchAndMarkets.com

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DUBLIN, May 20, 2022--(BUSINESS WIRE)--The "Safety Light Curtains - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Safety Light Curtains estimated at US$959.2 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2026, growing at a CAGR of 4.6% over the analysis period.

Type 2, one of the segments analyzed in the report, is projected to grow at a 3.6% CAGR to reach US$365.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Type 4 segment is readjusted to a revised 5.1% CAGR for the next 7-year period. This segment currently accounts for a 70.2% share of the global Safety Light Curtains market. Type 2 safety light curtains are used where the extent of risk is lower.

These curtains are extensively used in equipment protection, small-size packaging machines, pick-and-place machines, automated production equipment, robotic work cells, and in small assembly systems, among others. Type 2 safety light curtains are anticipated to register strong demand owing to their relatively lower cost. Type 4 curtains are required when the risk is greater, and they need to comply with higher safety standards.

Type 4 safety light curtains can perform instantaneous failure detection with reduced response time due to their automatic cross-checking design. Owing to the greater protection offered and their surging use in key industries such as food and beverages and manufacturing, Type 4 systems are expected to register robust growth.

The U.S. Market is Estimated at $254.8 Million in 2021, While China is Forecast to Reach $171.8 Million by 2026

The Safety Light Curtains market in the U.S. is estimated at US$254.8 Million in the year 2021. The country currently accounts for a 26.02% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$171.8 Million in the year 2026 trailing a CAGR of 6.1% through the analysis period.

Select Competitors (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

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Impact of COVID-19 Pandemic and Looming Global Recession

  • Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020

  • Weak Global Economic Environment & Negative Tide in GDP Forecasts Discourage the Market

  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021

  • Industrial Activity to Remain Subdued in the Immediate Term, Inducing Weakness into the Market

  • Global PMI Index Points for the Years 2018, 2019 & 2020

  • Business Confidence Index (BCI) Points for 3Q 2019, 4Q 2019, 1Q 2020, & 2Q 2020

  • 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

2. FOCUS ON SELECT PLAYERS

3. 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: Breakdown of Annual Work Related Fatalities (In Thousands) Worldwide by Region

  • Total Cost of Workplace Injuries in the US: Breakdown of Expenditure (in %) for 2018

  • Safety Hazards Driving Adoption of Safety Light Curtains in Manufacturing Industries

  • Workplace Safety Index: Cost to Businesses (in US$ Billion) by Disabling Workplace Injuries

  • 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

  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020E

  • 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

  • Global Industrial Robots Market Size (in US$ Billion) for the Years 2019, 2021, 2023 & 2025

  • 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: Global Packaging Automation Market Size (in US$ Billion) for the Years 2019, 2022 & 2025

  • Post COVID-19 Recovery in Auto Industry & Growing Use of Automated Machinery in Production Operations to Propel Market

  • World Automobile Production in Million Units: 2008-2022

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/z7ztz9

View source version on businesswire.com: https://www.businesswire.com/news/home/20220520005194/en/

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