The Asia-Pacific safety motion control market is estimated to be worth USD XX billion in 2016 and is projected to grow at a CAGR of XX.XX% during the forecast period to reach USD XX billion by 2021.
Motion control products include a wide range of servo drives, servo-motors, and actuators. Safety motion control is one of the offerings under the motion control category. These motion control devices are specifically designed to help reduce downtime and reduce energy. In addition, they are also used to avoid production waste, while improving the machine operating capabilities. The safety motion control devices can optimize the production of various processes carried out by automated guided vehicles or with the intrusion of personnel. These also make the set-up process as well as the maintenance of equipment more convenient.
Asia-Pacific Safety Motion Control Market-Market Dynamics
Given its growing economy, the Asia-Pacific market is definitely a market to invest in. The annual manufacturing contribution to the GDP and the total energy consumption has remained the highest over the past couple of years and hence, it could indicate a positive growth opportunity for the safety motion control devices in the Asia-Pacific Market.
The key factors contributing to the growth of Asia-Pacific safety motion control market are:
High market competition, installation costs, and high product costs are the key challenges of the safety motion control market.
The growing labor employment in the Asia-Pacific region, the most observed in the construction sector, definitely calls for the adoption of more safety measures to prevent fatal accidents in the major industrial sectors. Every year, more than one million people die from occupational accidents in the Asia-Pacific region. Unfortunately, the ones most affected by these disasters are the poorest, least protected, least informed, and least trained. Women, children, disabled workers, migrant workers, and ethnic minorities are often involved in such severe hazardous situations. Occupational or industrial accidents affect not only the lives of individual workers but also the productivity and profitability of the enterprises and ultimately the welfare of their entire societies. Government employees, workers, and employers in and around the Asia-Pacific sphere are increasing their efforts to prevent accidents and diseases in almost all the emerging and developing industrial sectors.
The Asia-Pacific safety motion control market is broadly segmented on the basis of types, verticals, and regions. Based on types, the market has been segmented into servo drives and servo motors. On the basis of its verticals, its applications can be explained under segments such as automotive, energy & power, manufacturing, pharmaceutical, semiconductors, food & beverages, oil & gas, and others.
Some of the market players mentioned in the report are:
What the Report Offers:
1. Research Methodology
2. Executive Summary
3. Market Overview
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness - Porter's Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat from New Entrants
3.3.4 Threat from Substitute Products
3.3.5 Competitive Rivalry within the Industry
3.4 Industry Policies
4. Market Dynamics
4.2.1 Industry Safety Standards
4.2.2 Demand for Safe Equipment
4.2.3 Easy Set-up and Maintenance
4.2.4 Flexible Automation Functions
4.2.5 High Power Requirements
4.3.1 High Market Competition
4.3.2 High Product Costs
4.3.3 Installation Costs
4.4.1 Technological Advancements
5. Technology Snapshot
6. Asia-Pacific Safety Motion Control Market Products Market Segmentation, Forecasts, and Trends
6.1 Asia-Pacific Market - Segmented By Types
6.1.1 Servo Drives
6.1.2 Servo Motors
6.2 Asia-Pacific Market - Segmented By End-Users
6.2.2 Energy & Power
6.2.6 Food & Beverages
6.2.7 Oil & Gas
6.3 Asia-Pacific Market – Segmented By Region
18.104.22.168 South Korea
7. Vendor Market Share Analysis
8. Competitive Intelligence - Company Profiles
8.1 Rockwell Automation
8.3 SIGMATEK Safety System
8.4 ASTRE Engineering Tunisie
8.5 Demero Automation Systems
8.6 Zhejiang Huazhang Automation
8.7 Sort Production Products Ltd.
8.8 More Control
8.9 SICK Group
9. Investment Analysis
9.1 Investment Scenario and Opportunities
10. Future of Asia-Pacific Safety Motion Control Market