Title: industrial safety market size
1 Industrial Safety Market Research Report By
Forecast 2024
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2024
2Industrial Safety Market Forecast To 2024
Industrial Safety Market Forecast To 2024
- The growing concern for safety towards labors is
expected to surge the global industrial safety
market, states Market Research Future (MRFR).
MRFR reveals that the global industrial safety
market size is poised to expand with a CAGR of
8.2 over the forecast period (20192024). In
2019, the market valued USD 3,345.3 million. MRFR
mentions that the global industrial safety market
can touch a valuation of USD 5,290.1 million by
2024.
3Industrial Safety Market Forecast To 2024
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on Industrial
Safety Market Forecast To 2024
- The robust execution of stringent government
norms regarding workers safety, across the world,
is expected to impel the industrial safety market
growth. The mining, the chemical, the oil and
gas, and the pharmaceutical industries are some
of the high end-users of the industrial safety
solutions. The increase in research and
developmental activities in these industries is
expected to gain momentum for the global
industrial safety market. Technical advancements
such as Internet of Things (IoT) and Artificial
Intelligence (AI) are enhancing the effectiveness
of industrial safety solutions. These
upgradations are likely to gain traction for the
industrial safety market. The need for proper
maintenance of industrial equipment and machinery
is also likely to surge the global industrial
safety market growth.
4Industrial Safety Market Forecast To 2024
Global Industrial Safety Market Segmented on the
basis of
The industrial safety market study has been
segmented based on type, vertical, and
component. Based on the type, the global
industrial safety market has been segmented into
fire gas monitoring systems, emergency shutdown
systems (ESD), high integrity pressure protection
systems (HIPPS), turbomachinery control (TMC),
burner management systems (BMS), and others.
Based on the component, the global industrial
safety market has been segmented into safety
sensors, safety controllers/module/relays,
programmable safety systems, emergency stop
devices, safety valves, safety switches, and
others. Based on the vertical, the global
industrial safety market has been segmented into
chemicals, refining, pharmaceutical, oil and gas,
metal mining, paper pulp, water wastewater,
manufacturing, energy power, and others.
5Industrial Safety Market Forecast To 2024
Global Industrial Safety Market - Geographical
Analysis
- Based on the region, the industrial safety market
has been analyzed across North America,
Asia-Pacific, Europe, and the Rest of the World
(RoW). - North America is anticipated to secure the
largest share of the global industrial safety
market growth. The existence of well-established
industries in North America and the growing
concern regarding the safety of workers are
likely to intensify the growth of the regional
market. Robust adoption of industrial safety
solutions is one of the crucial aspects of the
fourth industrial revolution, which is
anticipated to boost the North American
industrial safety market growth. In the Asia
Pacific region, the stringent safety measures
taken by the government is expected to surge the
regional industrial safety market growth.
Additionally, rapid industrialization in Asia
Pacific region to encourage the industrial safety
market growth. The growing need for availing
effective manufacturing solutions to workers in
the APAC is anticipated to drive the industrial
safety market growth.
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6Industrial Safety Market Forecast To 2024
Global Industrial Safety Market - Competitive
Analysis
- MRFR listed some renowned companies, which are
functional in the global industrial safety
market. They are Johnson Controls (Ireland),
TUSKER INDUSTRIAL SAFETY (UK), DuPont (US), Eaton
PLC (Ireland), 3M (US), Ceasefire (India),
Panduit (US), GENERAL ELECTRIC (US), W.W.
Grainger, Inc. (US), Yokogawa Electric Corp.
(Japan), Proserv Ingenious Simplicity (UK),
Schneider Electric SE (France), Rockwell
Automation, Inc. (US), Euchner (Germany),
Honeywell International, Inc. (US), Emerson
Electric Co. (US), Balluff (US), Hima Paul
Hildebrandt GmbH (US), Fortress Interlocks (UK),
ABB Ltd (Switzerland), Omron Corporation (Japan),
and Siemens AG (Germany),
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