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Posted On: 07/27/2004
Growth Rates of Automatic Machine Safeguarding Products in U.S. Markets
Growth Rates (CAGRs) of Automatic Machine Safeguarding Products in 2003-2006 Programmable Safety Systems: 46.9% Electromechanical & Pneumatic Controllers/Modules/Relays: 11.1% Ergonometric Controllers/Modules/Relays: 14.3% Emergency Stop Palm Button Safety Controls: 9.4% Optoelectronic Devices (Single & Multi-Beam): 2.4% Mats: 9.5% Light Curtains: 11.3% Laser Scanners: 16.9% Edges: 11.80% Automatic Safety Barriers: 9.2% Source: VDC
The market for programmable safety systems is growing at a much faster rate than originally anticipated. Forecast to increase at 46.9% between 2003 and 2006, recent changes in design and implementation processes have increased demand for Programmable Safety Systems.
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