The global industrial safety market is anticipated to grow at a significant CAGR during the forecast period. Industrial safety solutions are systems and technologies which help companies to ensure enhanced and automated safety in their plants. The major factor driving the growth of the global industrial safety market during the forecast is the increasing requirements to enhance the safety of workers and the company’s assets. Additionally, the growth of the market can also be attributed to the stringent government regulations concerning the mandatory requirements for the installation of safety systems in the company. For instance, the EU Machinery Directives and North America’s OSHA standards regulations have mandated the installation of several safety systems in the industries which in turn is boosting the demand for safety solutions during the forecast period. Furthermore, the increasing digital technologies and IoT across the industries are further driving the growth of the market.
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The COVID-19 pandemic had impacted the global industrial safety market to a great extent. Oil & gas is one of the key industries that require safety systems and components. The oil & gas industry was impacted badly due to which the oil prices slashed drastically. Additionally, as the pandemic spread to over 213 countries, governments across the globe restricted the exports and imports which further affected the demand for oil and gas which resulted in a huge gap between the supply and demand. Furthermore, several others industries were affected badly such as chemicals and energy & power industries. These industries also witnessed reduced demand due to the global pandemic. However, the increasing demand from the energy & power sector will drive the industrial safety market for the energy & power end-use industry during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Industrial Safety Market by Type
- Machine Safety
- Worker Safety
Global Industrial Safety Market by Component
- Presence Sensing Safety Sensors
- Safety Controllers/ Modules/ Relays
- Programmable Safety Systems
- Safety Interlock Switches
- Emergency Stop Controls
- Two-Hand Safety Controls
- Others
Global Industrial Safety Market by Industry
- Oil & Gas
- Energy & Power
- Chemicals
- Food & Beverages
- Aerospace & Defense
- Automotive
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Baker Hughes
- BANNER ENGINEERING
- Emerson Electric Co.
- HIMA
- JOHNSON CONTROLS
- MITSUBISHI ELECTRIC
- Omron Corp
- SGS GROUP
- VELAN INC.
- Yokogawa Electric Corp.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Industrial Safety market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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