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Industrial Safety Market Report Scope & Overview:

Industrial Safety Market Size was valued at USD 6.39 billion in 2022 and is expected to reach USD 10.73 billion by 2030, and grow at a CAGR of 6.7% over the forecast period 2023-2030.

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

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MARKET DYNAMICS: 

KEY DRIVERS:

  • Safety regulations with strict mandates.

  • Increased productivity and higher sustainability.

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

RESTRAINTS: 

  • Huge initial investment.

  • Upgradation of the safety system.

OPPORTUNITIES: 

CHALLENGES: 

  • Machinery-related risks.

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

IMPACT OF COVID-19: 

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.

KEY MARKET SEGMENTATION:

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

Industrial Safety Market Segmentation Analysis

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REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • 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

KEY PLAYERS:

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 2022 US$ 6.39 Billion
Market Size by 2030 US$ 10.73 Billion
CAGR CAGR of 6.7% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
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 5.9 billion in 2021 at a CAGR of 6.7%.

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

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 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

8.1Introduction

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

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Secondary Research

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Primary Research

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Data Bank Validation

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