The Latin America, Middle East and Africa Machine Safety Market would witness market growth of 8.3% CAGR during the forecast period (2023-2030).
The Brazil market dominated the LAMEA Machine Safety Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $171.2 million by 2030. The Argentina market is showcasing a CAGR of 8.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.9% during (2023 - 2030).
In high-security environments, safety solutions may include biometric authentication methods, like fingerprint or retina scans. These measures enhance access control, ensuring that only authorized personnel access specific machines or areas, minimizing the risk of unauthorized operation and potential accidents. Lockout/tagout procedures ensure machinery is safely shut down and de-energized during maintenance or servicing. Protecting maintenance personnel from harm and employing secure lockout/tagout systems to prevent accidental startup or release of stored energy are all safety components.
Integrating the Internet of Things (IoT) into safety systems allows for real-time equipment and safety parameters monitoring. Connected sensors and devices enable continuous data collection, facilitating quick responses to potential hazards and enabling predictive maintenance. IoT connectivity enables remote monitoring and management of safety systems. This trend is particularly relevant for organizations with geographically dispersed facilities, as it allows for centralized control, diagnostics, and updates of safety protocols.
The automotive industry in Saudi Arabia is increasingly adopting robotic automation for manufacturing processes. The automotive sector in Saudi Arabia is actively transitioning toward Industry 4.0 principles, transforming traditional manufacturing facilities into smart factories. The automotive industry in Saudi Arabia is increasingly adopting human-machine collaboration. According to the International Trade Administration, in 2020, Saudi Arabia accounted for nearly 52% of all vehicles sold in the Gulf Cooperation Council (GCC) and 35% in the MENA region. In Saudi Arabia, 556,000 vehicles were sold in 2019 and 436,000 in 2020. Sales are anticipated to reach 543,000 units by 2025, with only 32,000 units being electric vehicles. Thus, due to these aspects, the machine safety market will expand across the LAMEA region in upcoming years.
Free Valuable Insights: The Worldwide Machine Safety Market is Projected to reach USD 7.6 Billion by 2030, at a CAGR of 6%
Based on Industry, the market is segmented into Process (Food & Beverages, Power Generation, Chemicals, Oil & Gas, Pharmaceuticals, Metals & Mining and Others) and Discrete (Automotive, Semiconductor & Electronics, Aerospace and Others). Based on Offerings, the market is segmented into Systems and Sensors. Based on Components, the market is segmented into Presence Detection Sensors, Safety Controllers/Modules/Relays, Programmable Safety Systems, Safety Interlock Switches, Emergency Stop Controls, Two-Hand Safety Controls and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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