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Article: Automatic machine safeguarding shipments to Europe, North America in 2004.(NEWS)(Brief Article)
- Article from:
- Control Engineering
- Article date:
- April 1, 2005
CopyrightCOPYRIGHT 2005 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The total European market for machine automatic safeguarding equipment is expected to increase at a 7.4% compound annual growth rate (CAGR) from $752 million in 2004 to almost $932 million in 2007, while the safeguarding market in North American is expected to jump at a 12.5% CAGR from $250 million to $356 million in 2007, according to recent research by Venture Development Corp. (www.vdccorp.com)
[GRAPHIC OMITTED]
(by product class, in millions of $)
Europe North America
Electronic safety ...