Workplace Safety Companies

Workplace Safety Market Competitive Landscape

The Global Workplace Safety Market has a strong competitive environment with a mix of well-established companies and up-and-coming innovators. Key players in the industry are multinational corporations like Siemens, 3M, and Honeywell International. They provide complete safety solutions, such as integrated safety management software systems and cutting-edge PPE. These businesses consistently spend in R&D to launch cutting-edge goods and services, expanding their market reach by satisfying a wide range of client demands from different industries throughout the world.

Top Player’s Company Profiles

Baker Hughes (USA)

INX Software (Australia)

ABB Ltd. (Switzerland)

Cority (Canada)

Omron Corporation (Japan)

Bosch (Germany)

Siemens AG (Germany)

Schneider Electric SE (France)

HIMA (Germany)

Microsoft (US)

Honeywell International Inc. (USA)

Rockwell Automation, Inc. (USA)

Emerson Electric Co. (USA)

Yokogawa Electric Corp. (Japan)

Appian (US)

FAQs

Workplace Safety Market size was valued at USD 16.11 billion in 2022, USD 18.08 billion in 2023 and is projected to grow USD 40.47 billion by 2031, growing at a CAGR of 12.2% in the forecast period (2024-2031).

The Workplace Safety Market has a strong competitive environment with a mix of well-established companies and up-and-coming innovators. Key players in the industry are multinational corporations like Siemens, 3M, and Honeywell International. They provide complete safety solutions, such as integrated safety management software systems and cutting-edge PPE. These businesses consistently spend in R&D to launch cutting-edge goods and services, expanding their market reach by satisfying a wide range of client demands from different industries throughout the world. 'Baker Hughes (USA)', 'INX Software (Australia)', 'ABB Ltd. (Switzerland)', 'Cority (Canada)', 'Omron Corporation (Japan)', 'Bosch (Germany)', 'Siemens AG (Germany)', 'Schneider Electric SE (France)', 'HIMA (Germany)', 'Microsoft (US)', 'Honeywell International Inc. (USA)', 'Rockwell Automation, Inc. (USA)', 'Emerson Electric Co. (USA)', 'Yokogawa Electric Corp. (Japan)', 'Appian (US)'

Workplace safety has been a top priority on the job because of organisations realising that taking a proactive approach to injury prevention and treatment demonstrates an organization's dedication to employee well-being. The number of non-fatal occupational illnesses and injuries reported by private industry employers in 2022 increased by 7.5 percent from 2021 to 2.8 million, according to the US Bureau of Labour Statistics.

IIoT-Enabled Monitoring Systems: The environment for integrated safety and compliance services is changing because of the IIoT. Data on pressure, level, flow, temperature, and vibration may be recorded by IIoT sensors and sent to monitoring systems. Both wired and wireless networks can transmit data, enabling real-time analysis, warnings, and possible emergency solutions. Companies can use the IIoT to integrate their activities with industrial safety systems and monitor them in real time. Via virtual physical systems management, the IIoT improves performance by enabling quick physical system monitoring, analysis, and control.

In terms of revenue, North America is expected to overtake other regions in the workplace safety industry. The need for creative workplace safety solutions is driven by the existence of worldwide inventive technology suppliers and tech-savvy consumers. North America's market expansion would be aided by the regulatory frameworks created by several labor safety organizations, including the US Department of Labor's Occupational Safety and Health Administration (OSHA). Europe is expected to have substantial market expansion due to strict laws like GDPR. The European Agency's goal to improve worker safety, productivity, and health throughout Europe will have a favorable effect on market expansion.

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Workplace Safety Market Competitive Landscape

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