The global safety motion control market size was valued at USD 14.82 Billion in 2020 and is anticipated to expand at a significant CAGR during the forecast period, 2021-2028. The growth of market is attributed to rising automation, increasing digitization, and strict regulation implemented by authorities for the industries safety.
Some of the important motion products for automation are motors, drivers, robotics, and motion controller. The major use of motion control system is being able to use automate processes, globally companies are shifting their preferences and adopting conveyor system and robotics to yield high efficiency margin in assembly line. The rapid adoption of automation and rising number of smart factories is driving the market.
It is clearly understandable even with the synchronized machines to accomplish full digitization is not possible, hence organizations are developing their infrastructure for seamless work ecosystem between human and machine, performing optimization, and end-to-end-processes.
Robotics automation has achieved a worldwide trend so thus warehousing such as edge computing, predictive manufacturing, and digital twins. Collaborative robots and AGVs have become the point of attraction in the manufacturing industries.
The Covid-19 pandemic affected the demand and supply of global safety motion control market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing digitization and regulation framed regarding industry safety is expected to boost the market in the coming years.
- Growing demand to achieve high efficiency margin and yield production is estimated to propel the market during the forecast period.
- Increasing awareness towards energy reservation is anticipated to spur the market during the projected period.
- Increasing number of smart factories is one of the factors contributing in the market growth.
- Rapid growth in industries towards adoption of industrial IoT is expected to boost the market.
- Rising trend for warehousing automation and robotics slowly becoming the heart of the manufacturing industry which is estimated to fuel the market during the forecast period.
Scope of the market
The report global safety motion control market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Safety motion control market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2020
|
|
Historic Data
|
2018–2019
|
|
Forecast Period
|
2021–2028
|
|
Segmentation
|
Components (Motors, Drivers, Other Components), End-user Industries (Food & Beverages, Pharmaceuticals, Oil & Gas, Aerospace & Defense, Energy & Power)
|
|
Regional Scope
|
North America [United States, Canada], Europe [Germany, United Kingdom, France, Rest of the Europe], Asia Pacific [China, Japan, India, Rest of the Asia Pacific], Latin America [Brazil, Colombia, Rest of Latin America], Middle East and Africa [South Africa, United Arab Emirates, Saudi Arabia, Rest of Middle East and Africa]
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Schneider Electric SE; ABB Ltd; Rockwell Automation Inc; Mitsubishi Electric Corporation; General Electric Co.
|
Market Segment Insights
The product segment is estimated to hold key share of the market
On the basis of components, the market is segregated into motors, drivers, and others. The other components segment is estimated to hold key share of the market owing to rising number of human made accidents and continuous product introduction in the market with enhanced technology is estimated to boost the market during the forecast period.
The automotive industry is expected to account large market share
Based on end users, the market is categorized by food & beverages, pharmaceuticals, oil & gas, aerospace & defense, and energy & power. The automotive industry is expected to account for a large market share owing to developed infrastructure of manufacturing and assembly process of high end motor vehicles and HCV’s, extensively used for engines and drivers assistance system, optimizing their assembly with actuators and robotic arm.
Asia Pacific is estimated to dominate the market
In terms of regions, the market is classified as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia Pacific is estimated to dominate the market in the coming years due to rapid adoption of automation in several end-user industries across the regions, increasing adoption of advanced tools and investments towards safety devices, and rapid development of IoT in China.
Segments
The global safety motion control market has been bifurcated on the basis of
Components
End Users Industries
- Food & Beverages
- Pharmaceuticals
- Oil & Gas
- Aerospace & Defense
- Energy & Power
Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
- Schneider Electric SE
- ABB Ltd
- Rockwell Automation Inc.
- Mitsubishi Electric Corporation
- General Electric Co.
Competitive Landscape
Key players competing in the global safety motion control market include Schneider Electric SE; ABB Ltd; Rockwell Automation Inc; Mitsubishi Electric Corporation; General Electric Co.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance
In January 2020, Rockwell Inc; launched the new motor protection circuit breaker that offer time, cost, and space savings, the breakers are enabled by UL approval for use in group installation.
In May 2019, Mitsubishi Electric Automation announced interactive cycle insertion screen compatible with Renishaw GoProbe Macros on M8 series CNC Control.
Request For Customization
Enquiry Before Buying
Speak With Analyst
