Machine Safety Market Worth $6.0 Billion by 2025

Northbrook, IL -- (SBWIRE) -- 11/24/2020 -- According to the new market research report "Machine Safety Market with COVID-19 Impact, by Component (Presence Sensing Safety Sensors, Safety PLCs, Safety Modules/Controllers/Relays), Implementation, Application (Assembly, Packaging, Robotics), Industry, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Machine Safety Market is expected to be valued at USD 4.5 billion in 2020 and is projected to reach USD 6.0 billion by 2025; it is expected to grow at a CAGR of 6.1% from 2020 to 2025.
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