FROST & Sullivan have found Southeast Asian countries, Australia and New Zealand are seeing higher growth in the adoption of machine safety equipment.
According to Frost & Sullivan, the comparatively higher growth in the region and increased foreign direct investment in the manufacturing and tertiary sectors is encouraging more investments in automation and safety.
The research company noticed companies starting to see machine safety as a time and cost saving investment, and this is partly driven by increased competition requiring reduced downtime, stringent safety standards.
Like Australia, the legislations in many Southeast Asian countries have moved from a prescriptive to a performance-based model, making manufacturers, users and employers responsible for the safety of machinery.
On the other hand, the "Southeast Asia and Australia and New Zealand Machine Safety Market" report claims end users have low knowledge about new machine safety products, and are reluctant to adopt new technologies due to perceived complexities and difficulties.
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