USD 6.38 billion
Industrial Safety Market Size, Share, Growth Analysis, By Product type,(Emergency Shutdown Systems, Fire and Gas Monitoring Systems, Industrial Safety Sensors, Safety Valves), By Component(Safety Sensors, Programmable Safety Systems, Safety Controllers/Modules/Relays, Safety Switches), By Industry Vertical(Manufacturing, Oil & Gas, Chemical, Pharmaceuticals), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20I2212 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
99
|Figures:
76
Industrial Safety Market Insights
Global Industrial Safety Market size was valued at USD 6.38 billion in 2022 and is poised to grow from USD 6.81 billion in 2023 to USD 11.44 billion by 2031, growing at a CAGR of 6.7% in the forecast period (2024-2031).
The global Industrial Safety Market is witnessing extensive increase driven by using growing attention concerning administrative center protection and stringent regulatory requirements. The growing adoption of superior technology which include IoT, AI, and gadget studying in safety structures contributes to stronger threat detection and prevention. Key drivers include a growing emphasis on employee well-being, demand for integrated protection answers, and the expansion of industrial sectors.
However, demanding situations including excessive implementation fees and resistance to era adoption persist. The marketplace exhibits a trend closer to the mixing of wearable gadgets and actual-time monitoring for complete safety solutions. North America and Europe grow to be substantial individuals, leveraging their recognition on commercial rules and technological innovation.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Safety Sensors
Fastest Growth
Safety Controllers/Modules/Relays
Growth Rate
6.7% CAGR
Global Industrial Safety Market ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Industrial Safety Market Segmental Analysis
The global Industrial Safety market is segmented into four major segments i.e. by Product Type, Component, Industry Vertical, and region. Based on Type, it is divided into Emergency Shutdown Systems, Fire and Gas Monitoring Systems, Industrial Safety Sensors, Safety Valves, Alarm Systems, Others. Based on Component, it is bifurcated as Safety Sensors, Programmable Safety Systems, Safety Controllers/Modules/Relays, Safety Switches, Emergency Stop Devices, Others. Based on Industry Vertical it is segregated into, Manufacturing, Oil & Gas, Chemical, Pharmaceuticals, Construction, Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Analysis by Type
ESD structures are crucial for making sure compliance with safety policies and standards in numerous industries. It plays a pivotal function in hastily shutting down approaches in emergency conditions, preventing accidents and minimizing dangers. ESD structures locate applications in diverse industries such as oil
The integration of IoT in protection structures permits real-time monitoring, statistics analysis, and remote manipulate, enhancing universal protection measures. IoT-based protection structures often comprise predictive analytics, enabling proactive identity and mitigation of capability protection troubles. The growing adoption of Industry 4.0 principles promotes the usage of IoT for developing interconnected and sensible safety solutions.
Analysis by Component
Safety sensors are critical to detecting and monitoring numerous protection parameters, making them essential across industries for risk identity. Many protection standards and policies mandate the use of protection sensors to ensure real-time tracking and brief response to potential dangers.
IoT-based totally safety structures allow actual-time tracking of safety parameters, taking into consideration fast responses to changing situations. The incorporation of IoT allows information series and evaluation, supplying valuable insights for predictive upkeep and proactive protection measures.
Global Industrial Safety Market By Component
To get detailed analysis on other segments, Request For Free Sample Report
Industrial Safety Market Regional Insights
North America, especially america, has stringent protection regulations, riding the adoption of advanced protection technologies and systems. The area is at the forefront of technological innovation, leading to the early adoption of present day business safety answers.
The Asia-Pacific vicinity, such as nations like China and India, is experiencing rapid industrialization, main to accelerated awareness and investments in industrial protection. The increasing manufacturing area within the area, coupled with a focal point on employee safety, contributes to the call for for superior commercial safety answers.
Global Industrial Safety Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Industrial Safety Market Dynamics
Drivers
Increasing Emphasis on Workplace Safety
- The growing emphasis on administrative center protection and the growing attention of occupational hazards drive the adoption of advanced protection answers throughout industries. Stringent regulatory requirements and requirements similarly beef up the want for strong commercial protection measures, compelling agencies to spend money on present day technology.
Restraints
High Implementation Costs
- One of the principle marketplace restraints is the excessive implementation fees pose a enormous hurdle for a few groups, specially smaller companies, hindering large adoption of advanced safety technologies. Resistance to technological integration and a lack of professional workforce to function and hold sophisticated protection systems additionally make contributions to the marketplace's constraints.
Request Free Customization of this report to help us to meet your business objectives.
Industrial Safety Market Competitive Landscape
The industrial safety market is always changing. It's very competitive with lots of companies fighting for shares in the business world. Big companies that make security tools for business keep researching and improving to offer new technology. This helps them stay ahead of competition.
Top Player’s Company Profiles
- 3M
- Honeywell International Inc.
- MSA Safety
- DuPont Personal Protection
- Ansell Limited
- Uvex Group
- Kimberly-Clark Professional
- JSP Safety Ltd.
- Drägerwerk AG & Co. KGaA
- Sioen Industries NV
- Grainger plc
- Lakeland Industries Inc.
- MSA Auer GmbH
- Bullard (Honeywell Safety Products)
- Cintas Corporation
- Delta Plus Group
- Rosemarie Inc.
- Kimberly-Clark Corporation
- Hatch Health Group
- Kistler Instrumente AG
Recent Developments
- December 2023: Pye-Barker Fire & Safety has ended another year of big growth by buying American Fire. This company gives all kinds of fire safety and life protection tools. It helps areas in northern Florida and southern Georgia.
- November 2023: Protective Industrial Products Inc., a big company globally that makes safety gear like gloves, head protection and clothing for work has announced it bought Final Fit Safety. The second one is only in Los Angeles, California.
Industrial Safety Key Market Trends
- Rising Consumer Awareness and increased use of clean label products: The increasing integration of advanced technologies, inclusive of the Internet of Things (IoT), artificial intelligence (AI), and device getting to know, into safety systems. This helps real-time monitoring, predictive analytics, and smarter decision-making to decorate usual place of job protection. Another key fashion is the growing recognition of wearable gadgets and sensors, supplying people with real-time remarks on their safety status and permitting proactive measures.
Industrial Safety Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Industrial Safety marketplace analysis well-knownshows a dynamic market with a number of standout traits and problems. The market is pushed by using growing consciousness of place of work safety, stringent regulatory necessities, and the combination of superior technologies like IoT and AI. High implementation expenses, resistance to technology adoption, and the complexity of integrating protection answers act as restraints.
Safety sensors and IoT-based protection structures dominate the product landscape. North America leads because of strict safety regulations, even as the Asia-Pacific vicinity experiences speedy boom with industrialization. Key traits consist of the use of wearable devices, actual-time monitoring, and a shift in the direction of cloud-based totally solutions for complete protection measures.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.38 billion |
| Market size value in 2031 | USD 11.44 billion |
| Growth Rate | 6.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial Safety Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial Safety Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial Safety Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Safety Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Safety Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Safety Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
