Industrial Safety Market Report Scope & Overview:

Industrial Safety Market Size was valued at USD 6.74 billion in 2023 and is expected to reach USD 11.73 billion by 2031, and grow at a CAGR of 6.95% over the forecast period 2024-2031.

Industrial safety and equipment solutions were used to reduce or prevent hazards and threats to industrial plants and equipment. Industrial safety systems include the security of industrial property, personnel, and the entire industrial unit environment. The growing number of industries in several countries, the increasing demand for high production standards, and the regulations and laws imposed by government agencies promote the growth of the industrial security market as a whole.

Industrial Safety Market Revenue Analysis

Get more information on Industrial Safety Market - Request Sample Report



  • Safety regulations with strict mandates.

  • Increased productivity and higher sustainability.

  • Industrial safety measures that are effective and well-managed.


  • Huge initial investment.

  • Upgradation of the safety system.



  • Machinery-related risks.

  • It is difficult for designers to anticipate potential hazards related to safety systems.


The industrial safety market, like any other industry, has been impacted by COVID 19's prolonged lockdown and deteriorating economic conditions. Several industries have lowered output, reduced staff, the supply chain has been disrupted, raw materials for manufacturing activities have not been delivered to the production region, logistics have been seriously disrupted, and several other parts of the industries have been significantly disrupted. In recent years, such considerations have greatly lowered the demand for industrial safety market.

Due to the rapid spread of COVID 19, manufacturers, on the other hand, were more concerned about the safety of current workers on their facilities. The present economic crisis, which has stifled new project development, has pushed major industrial players to adopt more industrial safety measures and equipment. As a result of COVID 19, the market value of industrial safety has fluctuated in the graph.



  • Machine Safety

  • Worker Safety


  • Presence Sensing Safety Sensors

  • Programmable Safety Systems

  • Safety Interlock Switches

  • Emergency Stop Controls

  • Safety Controllers/ Modules/ Relays

  • Two-Hand Safety Controls

  • Others


  • Oil & Gas

  • Food & Beverages

  • Aerospace & Defense

  • Healthcare & Pharmaceuticals

  • Energy & Power

  • Chemicals

  • Automotive

  • Semiconductor

  • Metals & Mining

  • Others


In various nations, the expanding automation of businesses is propelling the Industrial Safety market forward. The US Department of the Interior, in particular, has made plans to allow offshore drilling in the region. As a result, the region anticipates lucrative opportunities as the oil and gas business expands. Several countries, on the other hand, are progressively planning to minimise their reliance on Chinese products by expanding their own manufacturing units. Several emerging countries are projected to benefit from these factors, which are expected to enhance market growth in the Industrial Safety sector.

The Chinese government has been boosting its investments in the automobile industry in terms of new projects. The advancement of electric cars and automation equipment, as well as the development of Chinese safety standards and regulations, are likely to provide profitable opportunities for the region's Industrial Safety industry.

Industrial Safety Market By Region

Get Customized Report as per your Business Requirement - Request For Customized Report


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key players in the Global Industrial Safety Market are ABB Ltd, Siemens, Baker Hughes, Yokogawa Electric, Automation, Inc, Hima Paul Hildebrandt, Johnson Controls, Fortress Interlocks, Rockwell Automation, Emerson Electric, HIMA, Omron Corporation, General Electric, Proserv Ingenious Simplicity, Euchner and Other.

Siemens-Company Financial Analysis

Company Landscape Analysis

Industrial Safety Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 6.74 Billion
Market Size by 2031 US$ 11.73 Billion
CAGR CAGR of 6.95% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by type (Machine Safety, Worker Safety)
• by component (Presence Sensing Safety Sensors, Programmable Safety Systems, Safety Interlock Switches, Emergency Stop Controls, Safety Controllers/ Modules/ Relays, Two-Hand Safety Controls, Others)
• by Industry (Oil & Gas, Food & Beverages, Aerospace & Defense, Healthcare & Pharmaceuticals, Energy & Power, Chemicals, Automotive, Semiconductor, Metals & Mining, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles ABB Ltd, Siemens, Baker Hughes, Yokogawa Electric, Automation, Inc, Hima Paul Hildebrandt, Johnson Controls, Fortress Interlocks
Key Drivers • Safety regulations with strict mandates.
• Increased productivity and higher sustainability
Restraints • Huge initial investment.
• Upgradation of the safety system.

Frequently Asked Questions

The Industrial Safety Market size was valued at 6.74 billion in 2023 at a CAGR of 6.95%.

Huge initial investment and Upgradation of safety system are limiting the Industrial Safety Market's expansion.

The key players in the Industrial Safety Market are ABB Ltd, Siemens, Baker Hughes, Yokogawa Electric, Automation, Inc, Hima Paul Hildebrandt, Johnson Controls, Fortress Interlocks, Rockwell Automation, Emerson Electric, HIMA, Omron Corporation, General Electric, Proserv Ingenious Simplicity, Euchner and Other.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis


8. Global Industrial Safety Market Segmentation, by Type


8.2 Machine Safety

8.3 Worker Safety

8.4 Other

9. Global Industrial Safety Market Segmentation, by Component

9.1 Introduction

9.2 Presence Sensing Safety Sensors

9.3 Programmable Safety Systems

9.4 Safety Interlock Switches

9.5 Emergency Stop Controls

9.6 Safety Controllers/ Modules/ Relays

9.7 Two-Hand Safety Controls

9.8 Others

10. Global Industrial Safety Market Segmentation, By Industry

10.1 Introduction

10.2 Oil & Gas

10.3 Food & Beverages

10.4 Aerospace & Defense

10.5 Healthcare & Pharmaceuticals

10.6 Energy & Power

10.7 Chemicals

10.8 Automotive

10.9 Semiconductor

10.10 Metals & Mining

10.11 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12 Company Profiles

12.1 Euchner

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 ABB Ltd

12.3 Siemens

12.4 Baker Hughes

12.5 Yokogawa Electric

12.6 Automation, Inc

12.7 Hima Paul Hildebrandt

12.8 Johnson Controls

12.9 Fortress Interlocks

12.10 Rockwell Automation

12.11 Emerson Electric

12.12 HIMA

12.13 Omron Corporation

12.14 General Electric

12.15 Proserv Ingenious Simplicity

12.16 Other

13 Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14 Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

  •            5000 (33% Discount)

  •            8950 (40% Discount)

  •            3050 (23% Discount)

Start a Conversation

Hi! Click one of our member below to chat on Phone