Industrial Safety Market Research Report - Forecast till 2027

Industrial Safety Market Research Report Information by Type (Emergency Shutdown Systems (ESD) Fire & Gas Monitoring Systems, High Integrity Pressure Protection Systems (HIPPS), Burner Management Systems (BMS), Turbomachinery Control (TMC), Others), Component (Safety Sensors, Programmable Safety Systems, Safety Controllers/Module/Relays, Safety Switches, Emergency Stop Devices, Safety Valves, Others), Industry Vertical (Chemicals, Refining, Oil & Gas, Pharmaceutical, Paper & Pulp, Metal & Mining, Water & Wastewater, Energy & Power, Manufacturing, Others) and Region - Forecast till 2027

ID: MRFR/SEM/6493-HCR | February, 2021 | Region : Global

Industrial Safety Market Synopsis


The industrial safety market was valued at USD 3,345.3 million in 2018 and is expected to reach USD 5,290.1 Million by the end of the forecast period at a CAGR of 8.2%.


Industrial safety solutions prevent vulnerabilities in the manufacturing plants or factories, thereby ensuring the safety of the workers and preventing losses related to the machinery. There exist several factors that might endanger the lives of workers, which include contact with exposed moving parts, flying chips or parts, electricity, manual lifting, and fire and welding hazards. Over the past decade, the market has witnessed several developments, resulting in the adoption of industrial safety solutions by a number of verticals. Increasing regulations and policies supporting the safety of workers and plant machinery has attributed to the adoption of safety solutions by facilities. Moreover, the proliferation of Industry 4.0 and industrial IoT (IIoT) solutions has also favoured the growth of the industrial safety market. 


However, high costs incurred in the maintenance of equipment and automation of machinery might hinder the industrial safety market growth. The global market has a limited number of certified safety personnel, which has created a major challenge for factory operators to implement industrial safety solutions in their facilities.


Segmentation


The industrial safety market has been segmented based on type, component, vertical, and region.


Industrial Safety Market By type: emergency shutdown systems (ESD), fire & gas monitoring systems, high integrity pressure protection systems (HIPPS), burner management systems (BMS), turbomachinery control (TMC), and others.


Industrial Safety Market By component: safety sensors, programmable safety systems, safety controllers/module/relays, safety switches, emergency stop devices, safety valves, and others.


Industrial Safety Market By industry vertical: chemicals, refining, oil & gas, pharmaceutical, paper & pulp, metal & mining, water & wastewater, energy & power, manufacturing, and others.


Industrial Safety Market By region: North America, Europe, Asia-Pacific, and the rest of the world.


Competitive Landscape


The companies operating in industrial safety market are focused towards developing safety product and solutions that comply with the regulations levied by the government. to achieve this, the companies constantly focus on innovations and develop solutions which provide high levels of safety to workers and equipment operators working in the plant or facility. The companies have also followed inorganic growth strategies which include acquisitions, partnerships, joint ventures and collaborations to expand their geographic presence and gain competitive advantage in the global market of industrial safety.


Key Players


MRFR has identified a few companies as prominent players in the global industrial safety market. These include Emerson Electric Co. (US), Honeywell International, Inc. (US), Rockwell Automation, Inc. (US), ABB Ltd (Switzerland), Schneider Electric SE (France), GENERAL ELECTRIC (US), Yokogawa Electric Corp. (Japan), Hima Paul Hildebrandt GmbH (US), Omron Corporation (Japan), Siemens AG (Germany), Proserv Ingenious Simplicity (UK), Johnson Controls (Ireland), Balluff (US), Euchner (Germany), and Fortress Interlocks (UK). These companies are analyzed on the basis of their geographic presence, origin, products, key developments, and expertise in industrial safety solutions. Apart from the above-mentioned players, Eaton PLC (Ireland), 3M (US), TUSKER INDUSTRIAL SAFETY (UK), W.W. Grainger, Inc. (US), Ceasefire (India), Panduit (US), and DuPont (US) have a significant presence in the global market of industrial safety. Rising demand for safety solutions coupled with the adoption of automation techniques by facilities has encouraged these players to contribute a prominent share in the global market.


Regional Analysis


The global market for industrial safety is estimated to grow significantly during the forecast period from 2019 to 2024. The geographic analysis of the industrial safety market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and South America).


As per MRFR analysis, the North American region dominated the industrial safety market, occupying a share of approximately 30% of the total market. Government initiatives and policies favouring the safety of workers and employees at manufacturing facilities and the emergence of Industry 4.0 have contributed to the adoption of industrial safety systems in this region. On the other hand, the industrial safety market in Asia-Pacific is estimated to witness the highest growth during the forecast period 2019–2024. The region has witnessed a surge in the number of manufacturing other industrial facilities in developing countries including Taiwan and India. The increasing number of industrial facilities is expected to fuel the growth of the industrial safety market in Asia-Pacific.


Key Developments



  • In June 2019, Total Safety has acquired Airgas On-Site Safety Services (AOSS), a national safety service provider in the US. Through this acquisition, AOSS will help Total Safety to broaden its offering of safety solutions, technologies and productivity solutions throughout the US, with a high focus on the west coast and mountain regions.

  • In June 2019, Petzl introduced an advanced and improved series of helmets—STRATO and VERTEX. These helmets are equipped with high-quality expanded polypropylene (EPP) and expanded polystyrene (EPS) foam to increase its shock absorption capacity and reduce its weight. These helmets comply with the constantly evolving needs of the construction and general industry sectors.

  • In May 2019, UL LLC introduced machine risk assessment services to help factory owners, asset owners, and employers reduce the vulnerabilities that might occur at workplaces, thereby providing the employees with a safe work environment.


Intended Audience



  • Designers and manufacturers of industrial safety systems

  • Research organizations, associations, and consulting companies

  • System integrators of industrial safety systems

  • Material handling and automation organizations

  • Safety component providers

  • System integrators

  • Industrial safety certification providers

  • Governments, financial institutions, and investment communities

  • Original equipment manufacturers (OEMs)

  • Technology investors

  • Technology standards organizations, forums, alliances, and associations

  • Consultancy and advisory firms

  • Research organizations

  • Governments

  • Certification and training firms

  • Regulatory agencies

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 Research Objectives

2.4 Markets Structure

3 Research Methodology

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Rivalry

4.1.5 Bargaining Power of Suppliers

4.2 Value Chain/Supply Chain of the Global Industrial Safety Market

5 Market Landscape

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7 Global Industrial Safety Market, by Type

7.1 Introduction

7.2 Emergency Shutdown Systems (ESD)

7.2.1 Market Estimates & Forecast, 2020–2027

7.3 Fire & Gas Monitoring Systems

7.3.1 Market Estimates & Forecast, 2020–2027

7.4 High Integrity Pressure Protection Systems (HIPPS)

7.4.1 Market Estimates & Forecast, 2020–2027

7.5 Burner Management Systems (BMS)

7.5.1 Market Estimates & Forecast, 2020–2027

7.6 Turbomachinery Control (TMC)

7.6.1 Market Estimates & Forecast, 2020–2027

7.7 Others

7.7.1 Market Estimates & Forecast, 2020–2027

8 Global Industrial Safety Market, by Component

8.1 Introduction

8.2 Safety Sensors

8.2.1 Market Estimates & Forecast, 2020–2027

8.3 Programmable Safety Systems

8.3.1 Market Estimates & Forecast, 2020–2027

8.4 Safety Controllers/Module/Relays

8.4.1 Market Estimates & Forecast, 2020–2027

8.5 Safety Switches

8.5.1 Market Estimates & Forecast, 2020–2027

8.6 Emergency Stop Devices

8.6.1 Market Estimates & Forecast, 2020–2027

8.7 Safety Valves

8.7.1 Market Estimates & Forecast, 2020–2027

8.8 Others

8.8.1 Market Estimates & Forecast, 2020–2027

9 Global Industrial Safety Market, by Industry Vertical

9.1 Introduction

9.2 Chemicals

9.2.1 Market Estimates & Forecast, 2020–2027

9.3 Refining

9.3.1 Market Estimates & Forecast, 2020–2027

9.4 Oil & Gas

9.4.1 Market Estimates & Forecast, 2020–2027

9.5 Pharmaceutical

9.5.1 Market Estimates & Forecast, 2020–2027

9.6 Paper & Pulp

9.6.1 Market Estimates & Forecast, 2020–2027

9.7 Metal & Mining

9.7.1 Market Estimates & Forecast, 2020–2027

9.8 Water & Wastewater

9.8.1 Market Estimates & Forecast, 2020–2027

9.9 Energy & Power

9.9.1 Market Estimates & Forecast, 2020–2027

9.10 Manufacturing

9.10.1 Market Estimates & Forecast, 2020–2027

9.11 Others

9.11.1 Market Estimates & Forecast, 2020–2027

10 Global Industrial Safety Market, by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, by Country, 2020–2027

10.2.2 Market Estimates & Forecast, by Type, 2020–2027

10.2.3 Market Estimates & Forecast, by Component, 2020–2027

10.2.4 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.2.5 US

10.2.5.1 Market Estimates & Forecast, by Type, 2020–2027

10.2.5.2 Market Estimates & Forecast, by Component, 2020–2027

10.2.5.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.2.6 Mexico

10.2.6.1 Market Estimates & Forecast, by Type, 2020–2027

10.2.6.2 Market Estimates & Forecast, by Component, 2020–2027

10.2.6.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast, by Type, 2020–2027

10.2.7.2 Market Estimates & Forecast, by Component, 2020–2027

10.2.7.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.3 Europe

10.3.1 Market Estimates & Forecast, by Country, 2020–2027

10.3.2 Market Estimates & Forecast, by Type, 2020–2027

10.3.3 Market Estimates & Forecast, by Component, 2020–2027

10.3.4 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.5.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.5.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.3.6 France

10.3.6.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.6.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.6.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.7.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.7.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.8.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.8.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.3.9 UK

10.3.9.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.9.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.9.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.3.10 Rest of Europe

10.3.10.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.10.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.10.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, by Country, 2020–2027

10.4.2 Market Estimates & Forecast, by Type, 2020–2027

10.4.3 Market Estimates & Forecast, by Component, 2020–2027

10.4.4 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, by Type, 2020–2027

10.4.5.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.5.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, by Type, 2020–2027

10.4.6.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.6.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, by Type, 2020–2027

10.4.7.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.7.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.4.8 South Korea

10.4.8.1 Market Estimates & Forecast, by Type, 2020–2027

10.4.8.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.8.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.4.9 Rest of Asia-Pacific

10.4.9.1 Market Estimates & Forecast, by Type, 2020–2027

10.4.9.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.9.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, by Country, 2020–2027

10.5.2 Market Estimates & Forecast, by Type, 2020–2027

10.5.3 Market Estimates & Forecast, by Component, 2020–2027

10.5.4 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast, by Type, 2020–2027

10.5.5.2 Market Estimates & Forecast, by Component, 2020–2027

10.5.5.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

10.5.6 South America

10.5.6.1 Market Estimates & Forecast, by Type, 2020–2027

10.5.6.2 Market Estimates & Forecast, by Component, 2020–2027

10.5.6.3 Market Estimates & Forecast, by Industry Vertical, 2020–2027

11 Competitive Landscape

12 Company Profiles

12.1 ABB Ltd

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.1.6 Key Strategies

12.2 Emerson Electric Co.

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.2.6 Key Strategies

12.3 Yokogawa Electric Corp.

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.3.5 SWOT Analysis

12.3.6 Key Strategies

12.4 Rockwell Automation Inc.

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.4.5 SWOT Analysis

12.4.6 Key Strategies

12.5 Siemens AG

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.5.6 Key Strategies

12.6 Hima Paul Hildebrandt GmbH

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.6.6 Key Strategies

12.7 Omron Corporation

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.7.6 Key Strategies

12.8 Schneider Electric

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.8.6 Key Strategies

12.9 Proserv Ingenious Simplicity

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.9.6 Key Strategies

12.10 Johnson Controls

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.10.6 Key Strategies

12.11 Balluff

12.11.1 Company Overview

12.11.2 Product/Business Segment Overview

12.11.3 Financial Updates

12.11.4 Key Developments

12.11.5 SWOT Analysis

12.11.6 Key Strategies

12.12 Euchner

12.12.1 Company Overview

12.12.2 Product/Business Segment Overview

12.12.3 Financial Updates

12.12.4 Key Developments

12.12.5 SWOT Analysis

12.12.6 Key Strategies

12.13 Honeywell International Inc.

12.13.1 Company Overview

12.13.2 Product/Business Segment Overview

12.13.3 Financial Updates

12.13.4 Key Developments

12.13.5 SWOT Analysis

12.13.6 Key Strategies

12.14 GENERAL ELECTRIC

12.14.1 Company Overview

12.14.2 Product/Business Segment Overview

12.14.3 Financial Updates

12.14.4 Key Developments

12.14.5 SWOT Analysis

12.14.6 Key Strategies

12.15 Fortress Interlocks

12.15.1 Company Overview

12.15.2 Product/Business Segment Overview

12.15.3 Financial Updates

12.15.4 Key Developments

12.15.5 SWOT Analysis

12.15.6 Key Strategies

13 Conclusion


LIST OF TABLES

Table 1 Global Industrial Safety Market, by Type, 2020–2027

Table 2 Global Industrial Safety Market, by Component, 2020–2027

Table 3 Global Industrial Safety Market, by Industry Vertical, 2020–2027

Table 4 Global Industrial Safety Market, by Region, 2020–2027

Table 5 North America: Industrial Safety Market, by Country, 2020–2027

Table 6 North America: Industrial Safety, Market, by Type, 2020–2027

Table 7 North America: Industrial Safety Market, by Component, 2020–2027

Table 8 North America: Industrial Safety, Market, by Industry Vertical, 2020–2027

Table 9 US: Industrial Safety, Market, by Type, 2020–2027

Table 10 US: Industrial Safety Market, by Component, 2020–2027

Table 11 US: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 12 Canada: Industrial Safety, Market, by Type, 2020–2027

Table 13 Canada: Industrial Safety Market, by Component, 2020–2027

Table 14 Canada: Industrial Safety, Market, by Industry Vertical, 2020–2027

Table 15 Mexico: Industrial Safety, Market, by Type, 2020–2027

Table 16 Mexico: Industrial Safety Market, by Component, 2020–2027

Table 17 Mexico: Industrial Safety, Market, by Industry Vertical, 2020–2027

Table 18 Europe: Industrial Safety Market, by Country, 2020–2027

Table 19 Europe: Industrial Safety Market, by Type, 2020–2027

Table 20 Europe: Industrial Safety Market, by Component, 2020–2027

Table 21 Europe: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 22 Germany: Industrial Safety Market, by Type, 2020–2027

Table 23 Germany: Industrial Safety Market, by Component, 2020–2027

Table 24 Germany: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 25 France: Industrial Safety Market, by Type, 2020–2027

Table 26 France: Industrial Safety Market, by Component, 2020–2027

Table 27 France: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 28 Italy: Industrial Safety Market, by Type, 2020–2027

Table 29 Italy: Industrial Safety Market, by Component, 2020–2027

Table 30 Italy: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 31 Spain: Industrial Safety Market, by Type, 2020–2027

Table 32 Spain: Industrial Safety Market, by Component, 2020–2027

Table 33 Spain: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 34 UK: Industrial Safety Market, by Type, 2020–2027

Table 35 UK: Industrial Safety Market, by Component, 2020–2027

Table 36 UK: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 37 Rest of Europe: Industrial Safety Market, by Type, 2020–2027

Table 38 Rest of Europe: Industrial Safety Market, by Component, 2020–2027

Table 39 Rest of Europe: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 40 Asia-Pacific: Industrial Safety Market, by Country, 2020–2027

Table 41 Asia-Pacific: Industrial Safety Market, by Type, 2020–2027

Table 42 Asia-Pacific: Industrial Safety Market, by Component, 2020–2027

Table 43 Asia-Pacific: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 44 China: Industrial Safety Market, by Type, 2020–2027

Table 45 China: Industrial Safety Market, by Component, 2020–2027

Table 46 China: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 47 Japan: Industrial Safety Market, by Type, 2020–2027

Table 48 Japan: Industrial Safety Market, by Component, 2020–2027

Table 49 Japan: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 50 India: Industrial Safety Market, by Type, 2020–2027

Table 51 India: Industrial Safety Market, by Component, 2020–2027

Table 52 India: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 53 South Korea: Industrial Safety Market, by Type, 2020–2027

Table 54 South Korea: Industrial Safety Market, by Component, 2020–2027

Table 55 South Korea: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 56 Rest of Asia-Pacific: Industrial Safety Market, by Type, 2020–2027

Table 57 Rest of Asia-Pacific: Industrial Safety Market, by Component, 2020–2027

Table 58 Rest of Asia-Pacific: Industrial Safety Market, by Industry Vertical, 2020–2027

Table 59 Rest of the World: Industrial Safety Market, by Country, 2020–2027

Table 60 Rest of the World: Industrial Safety Market, by Type, 2020–2027

Table 61 Rest of the World: Industrial Safety Market, by Component, 2020–2027

Table 62 Rest of the World: Industrial Safety Market, by Industry Vertical, 2020–2027


LIST OF FIGURES

FIGURE 1 Global Industrial Safety Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of the Global Industrial Safety Market

FIGURE 4 Value Chain of the Global Industrial Safety Market

FIGURE 5 Share of the Global Industrial Safety Market in 2020, by Country (in %)

FIGURE 6 Global Industrial Safety Market, 2020–2027

FIGURE 7 Sub-Segments of Type

FIGURE 8 Global Industrial Safety Market Size, by Type, 2020

FIGURE 9 Share of the Global Industrial Safety Market, by Type, 2020 to 2027

FIGURE 10 Sub-Segments of Connectivity

FIGURE 11 Global Industrial Safety Market Size, by Component, 2020

FIGURE 12 Share of Global Industrial Safety Market, by Component, 2020 to 2027

FIGURE 10 Sub-Segments of Vertical

FIGURE 11 Global Industrial Safety Market Size, by Industry Vertical, 2020

FIGURE 12 Share of the Global Industrial Safety Market, by Industry Vertical, 2020 to 2027

Industrial Safety Market