Industrial safety market is anticipated to grow at a significant CAGR during the forecast period. Industrial safety is the management of all operations and events inside the industry for the protection of its employees and assets by diminishing risks, accidents, hazards, and near misses. Governments across the globe monitor industrial safety through various laws and policies. The major factor driving the growth of the global industrial safety market during the forecast period is the increasing concerns for the safety of workers in the industry as well the machines across the globe.
Furthermore, the growth of the market can also be attributed to the increasingly stringent government regulations across the globe. Additionally, the penetration of digital technologies across businesses globally as well as the increasing prevalence of IoT across several industries is offering lucrative growth opportunities for the market players which in turn is driving the growth of the market during the forecast period.
The major companies serving the global Industrial Safety market include ABB Ltd., Honeywell International Inc., Rockwell Automation Inc., Siemens AG, and Schneider Electric SE, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, in November 2021, Compressor Controls LLC announced that it has signed a commercial agreement with Yokogawa Electric Corporation to sell a jointly developed solution that integrates Yokogawa’s process control technology and CCC’s turbomachinery control technology.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Component
- By Industry
Regions Covered-
- North America
- Europe
- Asia-Pacific
Rest of the World
Competitive Landscape– ABB Ltd., Honeywell International Inc., Rockwell Automation Inc., Siemens AG, Schneider Electric SE.
Industrial Safety Market Report by Segment
By Type
- Machine Safety
- Worker Safety
By Component
- Presence Sensing Safety Sensors
- Safety Controllers/ Modules/ Relays
- Programmable Safety Systems
- Safety Interlock Switches
- Emergency Stop Controls
- Two-Hand Safety Controls
- Others
By Industry
- Oil & Gas
- Energy & Power
- Chemicals
- Food & Beverages
- Aerospace & Defense
- Automotive
- Others
A full Report of Industrial Safety Market is Available @ https://www.omrglobal.com/industry-reports/industrial-safety-market
Industrial Safety Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Baker Hughes
- BANNER ENGINEERING
- Emerson Electric Co.
- HIMA
- JOHNSON CONTROLS
- MITSUBISHI ELECTRIC
- Omron Corp
- SGS GROUP
- VELAN INC.
- Yokogawa Electric Corp.
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