TechNavio today launched its report Global Machine Safeguarding Solution Market 2011-2014 based on an in-depth study. The report aims to aid decision makers™ understanding of the significant trends impacting the growth of this market.
Commenting on the report, an analyst from TechNavio™s Engineering Services team said, Globalization has pushed several global players to the APAC region. As a result of economic revival in the post-recession period, many companies across the globe are increasing their investments in the APAC region. This increases demand for the small and medium-sized industries in countries such as India and China to deliver quality products, for increased revenue generation. This emerging sector is expected to increase their focus toward the machine safeguarding solutions to enable them to scale up in line with global operational standards.
According to the report, effective machine safeguarding solutions in-place optimizes the machine operation, thereby anticipating and eliminating the potential hazards that would result in workplace injuries. There is huge demand for the skilled-labour force across the manufacturing sector. The lack of awareness about the safe-machine handling techniques increases the possibility of machines being mishandled, thereby leading to injuries and mishaps. These problems that start as minor mishaps would lead to decreased productivity and product quality.
The report also discusses that the main challenge faced by the Global market is the need for a large amount of capital required to adopt these solutions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-machine-safeguarding-solution-market…
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TechNavio Announces the Publication of its Report – Global Machine Safeguarding Solution Market 2011-2014
