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Machine Safety Market with COVID-19 Impact, by Component, Implementation, Application, Industry, and Region

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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.
Increasing emphasis on ensuring workplace safety in oil & gas, power generation, food & beverages, automotive, and chemicals industries would increase the demand for machine safety systems in the coming years. In addition, the establishment of standards such as IEC 61508 and IEC 61511 has led to increased adoption of machine safety systems to attain the mandatory risk reduction targets. IEC 61508 and IEC 61511 are performance-based standards that promote the concept of the machine safety life cycle. ....

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Worldwide Industry for Pin Insertion Machines to 2025 - Players Include Autosplice, Eberhard and Harmontronics

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The global pin insertion machine market is estimated to grow from USD 222.8 million in 2019 to USD 255.9 million by 2025, growing at a CAGR of 5.6% between 2020 and 2025.
The market has a promising growth potential due to several factors, including the increasing adoption of IoT-enabled connected devices, surging demand for data centers complemented by the outbreak of COVID-19, rising demand for flexible, cost-effective, and precise techniques for inserting connectors on PCBs, the emerging trend of miniaturization of electronic devices, and recent innovations in sophisticated automotive electronics.
COVID-19 sent both demand- and supply-side shocks across the global economy. Leading pin insertion machine provider TE Connectivity (Switzerland) has incurred significant losses owing to the pandemic. The company reported a decline of approximately 15% in its half-year revenue as compared to ....

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