Asia-Pacific To Lead Machine Safety Expansion The worldwide market for machine automatic safeguarding products is forecast to reach US $2504.3 million in 2012, increasing at a compound annual growth rate of 8.7%. A new market study by Venture Development Corporation (VDC), covering 27 types of machine automatic safeguarding products, finds the worldwide 2007 market for these devices to have been US $1647.1 million. Product categories covered in the study were: emergency-stop controls (two types); presence-sensing safety sensors (five technologies); programmable safety systems (safety PLCs) - both stand-alone and integrated with machine controllers; safety controllers/modules/relays (six types); safety interlock switches (10 types); and two-hand safety controls (two types). The worldwide market for these products is forecast to reach US $2504.3 million in 2012, increasing at a compound annual growth rate (CAGR) of 8.7%. Via the implementation of these products users gain cost savings in...
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