The growth of the European industrial safety systems market is anticipated to reach USD 2.48 bn in 2024 and USD 3.28 bn by 2029, growing at a CAGR of 5.78% from 2024 to 2029.
Managing all operations and events inside an industry to protect its people and assets by avoiding risks, accidents, hazards, and near misses is known as industrial machine safety. Industrial safety is vital in preserving human lives because of the growing number of industrial accidents that occur each year. Workers must also be trained in proper equipment usage and fundamental safety practices to ensure adequate safety. Process control is carried out using process control systems (PCS), which are interlocked by safety systems to ensure that prompt action is taken in case of a process control system failure. In most cases, process control and safety systems are combined into a single system known as an Integrated Control and Safety System.
Developing and implementing intervention methods for preventing future accidents is the main objective of safety performance measurement. It is possible to increase safety by recognizing signals before an accident happens. As a result, many businesses have worked to create programs that can recognize and use alarms, signals, and earlier indicators. To track performance, many firms rely largely on failure data. As a result of this strategy, fixes or improvements are only made when something goes wrong. Much of the time, it is entirely up to chance whether a system failure has a minor or catastrophic impact. An important development in managing significant hazard risks is shifting the focus toward leading indicators to demonstrate that risk controls are still in place. The evaluation of ongoing safety management and the inspiration of project participants to improve safety are made easier by accurate safety performance measurement.
A process plant's choice to improve its safety system is never made hastily. The reasons influencing this decision are typically complex and impacted by many stakeholders. The extra advantages obtained because of improving the safety system led to improved asset performance, optimum manning, preventative maintenance, and asset productivity. Examples include conformity with current norms and standards and better functionality. Every equipment or system will eventually come to the end of its useful lifecycle. The safety systems need to be upgraded 15 to 20 years after installation. The safety systems currently in place were created and constructed in compliance with the codes and standards that were in effect at the installation time. The industry has advanced since then, but outdated systems have not been updated to use modern standards and technologies.
The functional safety management of the plant will be enhanced by compliance with current codes and standards, which will also reduce the risk of exposure to legal action. Over the past 20 years, operational requirements have changed as technology has grown to include capabilities like remote operations, enhanced diagnostics, and streamlined system interfaces. Advanced asset management solutions, for instance, can be used to collect and evaluate important data from various manufacturing sites. Although it may not be the main reason for system updates, this is frequently an important consideration in the cost-benefit analysis.
The expansion of this market is anticipated to be constrained by the high installation costs of industrial safety systems. A further difficulty for this sector is the inability to access difficulties with machinery. The cost of industrial safety components, installation fees, and maintenance and repair expenses significantly strain the business's budget and could be challenging for small- and medium-sized businesses. Industrial safety must also adhere to legal requirements. They need to be updated periodically to keep up with technological developments, which makes it necessary for organizations to modernize their safety systems. Industrial safety is a complex topic essential for protecting employees, preventing production pauses, and achieving operational excellence. The Industrial Internet of Things (IIoT) combines operations technology (OT) systems at the plant level with enterprise-level information technology (IT) systems to give businesses access to production, quality, safety, and other data. The Connected Enterprise can help safety professionals increase profitability, productivity, and safety. This information aids in enhancing safety system visibility, comprehending safety hazards, decreasing downtime related to safety, assessing the usage or abuse of safety systems, and enhancing compliance.
This research report on the Europe industrial safety system market has been segmented and sub-segmented into the following categories.
Europe Industrial Safety System Market - By Type:
The Emergency Shutdown System (ESD) is intended to lessen the effects of emergency events, such as uncontrollable flooding, hydrocarbon escape, or fire outbreak in hazardous or hydrocarbon-carrying locations. ESDs are employed in various sectors and provide rapid, fail-safe plant immobilization that protects people, property, and the environment. Possibly the most popular safety-related application is the ESD. It establishes and identifies crucial safety signals, which are then regulated and actioned to place the entire facility into a safe "stop" position, minimizing the effects of an on-site emergency. Once the shutdown's cause has been identified and addressed, a series of pre-engineered actions will return the plant to full operation. Burner Management System is a safety system that ensures the safe start-up, operation, and shutdown of process burners. Industries that can utilize it include oil and gas, power generation, chemical, and any other process that uses an industrial burner, furnaces, boilers, or other flame equipment. The BMS instructs the actuators to shut down the fuel flow to the burners to suppress the flames when the sensors fail to detect a flame or identify unsafe operating circumstances. Using the BMS can improve worker safety and lower the likelihood of accidents occurring on the job site. In addition, using a BMS aids in lowering greenhouse gas emissions and protecting against a natural gas explosion risk. Finally, shortening intervention and shutdown times and assuring speedy recovery from process disruptions helps keep costs to a minimum.
Additionally, it requires less maintenance and operator training, which lowers the overall cost of ownership. By sending out operator help messages and alert warnings, it aids in simplifying the unit's operation. Burner Management System is expected to account for the largest share of the Europe industrial safety systems market.
Europe Industrial Safety System Market - By Components:
A switch connected to a machine to stop it from operating in an emergency is called an emergency stop switch. Emergency stop devices need to include a holding feature that keeps them in the stopped position mechanically until they are manually reset. Additionally, direct opening mechanisms are required for electric contacts. Coming to Safety Switch, there are two types of safety switches safety limit switches and safety door switches. The Safety door switch, which is attached to the direct opening mechanism and can be mechanical or electrical, prevents the machine from operating until specific requirements have been met, such as the door being closed, among others.
Additionally, it has features that prevent it from being quickly nullified. The direct opening mechanism is attached to a safety limit switch, which monitors the door and ensures no objects are pushed too far. Safety Relays are utilized to make safety circuits for equipment and facilities.
Europe Industrial Safety System Market - By End-user:
The oil & gas, energy & power, chemicals, water & wastewater, construction, food & beverages, aerospace & defense, automotive, semiconductor, metals & mining segments compensate for the part of the Europe industrial safety systems market. The severe rules have increased the demand for industrial machine safety solutions to ensure safe and effective operations in food and beverage manufacturing facilities. The goal of this sector is to offer products of consistently high quality at fair costs. This can be done by enhancing the productivity, adaptability, and profitability of the food and beverage sector by employing integrated automated safety control machine solutions, including industrial safety systems. Security technologies contribute to greater operational visibility across production lines and lower compliance costs by enabling quick remedial action. As well as the oil and gas sector is expected to hold the biggest market share for industrial safety systems worldwide. The requirement for industrial safety systems to identify and manage dangers to prevent accidents and fatalities is credited with the segment's expansion. The ignition of combustible vapors or gases poses a fire and explosion risk to anyone working in the oil and gas industries. This has promoted the widespread adoption of safety systems throughout the oil and gas sector.
Europe Industrial Safety System Market - By Country:
Germany is expected to witness the greatest CAGR in Europe during the predicted period. Strict government regulations, safety requirements, and the increasing adoption of cutting-edge technology and smart sensors for workplace safety are all credited with driving the growth of this market. The regulatory frameworks created by several labor safety bodies aid in the expansion of this business. The manufacturing sectors in Europe have adopted industrial safety systems at a faster rate thanks to rapid industrialization. The influence of multinational corporations on adopting safety systems is also fueling the expansion of the industrial safety market in APAC. The demand for industrial safety has expanded in developing economies, particularly in Germany, due to the expansion of highly regulated industries, including automotive, health care, and pharmaceuticals.
KEY MARKET PLAYERS:
Companies playing a notable role in the Europe industrial safety systems market are Rockwell Automation, Inc., Honeywell International, Inc., Schneider Electric SE, Emerson Electric Co, Baker Hughes Company, Siemens AG, HIMA Paul Hildebrandt GmbH, SICK AG, ABB Ltd and Paladon Systems S.r.l
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