Allied Market Research

2024

Industrial Safety Market

Industrial Safety Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by Product and by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Sensors and Controls

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Author's: | Sonia Mutreja
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Industrial Safety Market Outlook-2026

Industrial safety is the management of all operations and events within an industry to protect its employees and assets by minimizing risks, accidents, hazards, and near misses. It is monitored by the governmental bodies through various laws and policies. Factually, millions of occupational or industrial accident, which result in high loss of production time making it important to invest in industrial safety. Also, much of the production time is lost by those actually injured due to temporary and permanent disablement and in helping those who actually get injured. Thus, making it necessary to follow the industrial safety laws to achieve efficiency in production. Various system such as emergency shutdown system, fire and gas monitoring, and pressure protection among others are used in multiple industrial verticals such as oil & gas, food & beverage, pharmaceutical, chemicals, and metals & mining.
The various components are used for industrial safety application such as safety sensors, relays, switches, safety valves among which safety relays has the maximum share of the industrial safety market. The strict governmental policies and laws for industrial safety certifications make countries of North America and Europe share the major part of its market. Further, the growth of economies round the globe has provided common platforms for companies, resulting in rise in competition, which allows them to invest in this sector to achieve proficiency in production. Thus, influencing the growth of the global industrial safety market.

The factors including mandate of safety regulations, demand for safety in oil & gas industry, and industrial revolution 4.0 drive the market growth. Mandatory industrial safety laws compelled many industries to install safety systems for employee safety and asset safety using safety sensors and relays. The growth in oil & gas industry require much safety system due to hazardous environment. Therefore, this industry shares the major part of the industrial safety market. The developing technologies like Internet of Things and Artificial Intelligence and their pacing incorporation with the system is expected to foster the industrial safety market growth. However, the high investment in automation and maintenance of equipment in hazardous environment restrains the industrial safety market growth. The increase in construction of smart cities in the growing economies round the globe has wide future opportunity for the industrial safety market.

The industrial safety market share is segmented by component, product, industry, and region. Based on component, it is classified into safety sensors, programmable safety sensors, safety controllers/module/relays, safety switches, emergency stop devices, and safety valves. Based on product, it is classified into emergency shutdown systems, fire & gas monitoring system, high integrity pressure protection system, burner management system, and turbo machinery control. Based on industry, it is categorized into oil & gas, food & beverages, pharmaceuticals, chemicals, power generation, metal & mining, and water & wastewater. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players covered in the industrial safety industry include Emerson Electric Co., Honeywell International Inc., Rockwell Automation, Inc., ABB Group, Schneider Electric, Johnson Controls, GENERAL ELECTRIC, HIMA, OMRON Corporation, and Siemens.

KEY BENEFITS FOR STAKEHOLDERS

  • This study comprises analytical depiction of the industrial safety market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market size is quantitatively analyzed to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the Industrial safety market.
  • The report includes the industrial safety market share of key vendors and AI chip market trends.

Industrial Safety Market Report Highlights

Aspects Details
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By Component
  • Safety Sensors 
  • Programmable Safety Systems
  • Safety Controllers/Module/Relays
  • Safety Switches
  • Emergency Stop Devices 
  • Safety Valves
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By Product
  • Emergency Shutdown Systems  
  • Fire & Gas Monitoring Systems 
  • High Integrity Pressure Protection Systems
  • Burner Management Systems
  • Turbomachinery Control
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By Industry Vertical
  • Oil & Gas 
  • Food & Beverages 
  • Pharmaceutical 
  • Chemicals 
  • Power Generation
  • Metals & Mining 
  • Water and Wastewater
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Larin America, Middle East, Africa)
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Key Market Players

Johnson Controls, Siemens., ABB Group, GENERAL ELECTRIC, Schneider Electric, Honeywell International Inc, Emerson Electric Co, HIMA, Rockwell Automation, Inc, OMRON Corporation

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Industrial Safety Market

Global Opportunity Analysis and Industry Forecast, 2023-2032