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Pulished Date April, 2021
ID: 9345
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Industrial Safety Market Segmentation by Product Type (F&GM, BMS, HIPPS, ESD, TMC), By Component (Programmable Safety Systems, Safety Valves, Safety Switches, Safety Sensors, Emergency Stop Devices), By Industry (Chemicals, Metals & Mining, Food & Beverages, Pharmaceuticals, Oil & Gas, Power Generation)- Analysis, Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: April, 2021
ID: 9345
Pages: 175

Industrial Safety Market Overview:

The global industrial safety market is predicted to grow from USD 3.3 billion in 2021 to USD 5.4 billion by 2026, at a CAGR of 8.6% during the forecast period.

Industrial safety is playing a big role in practices and measures adopted for ensuring occupational safety in various industries. The system is employed for preventing multiple occupational hazards and in many cases, eliminate the explanation for industrial accidents, thus protecting personnel, the economic environment, and equipment and assets. Moreover, the systems for industrial safety are increasingly being demanded in several process industries, including paper and pulp, metal and mining, water and wastewater, power generation, and food manufacturing. Programmable safety systems like safety PLCs are an integral part of safety instrumented systems. Safety PLCs got to be certified with IEC 61508, the industrial safety standard for electrical/programmable electronic safety-related systems. Unlike regular PLCs, a security PLC, alongside logic solver, has redundancy and other safety diagnostics that ensure successful execution of required safety instructions

The global industrial safety market’s expansion is propelled by the mandates for safety regulations, rising demand for safety systems within the oil & gas industry, rising need for reliable safety systems for personnel and asset protection, a technological revolution like 4.0, and growing automation in hazardous industrial areas.

Industrial Safety Market Recent Developments:

· The very first integrated safety system was manufactured by ABB almost 30 years ago. It was installed in more than 500 offshore applications across the world. Safeguard is certified for SIL3 according to the IEC 61508 standard. It can be installed individually as a security system or in combination with the System 800xA control system.

· EcoStruxure Triconex Safety Systems are an integral factor of EcoStruxure Plant, Schneider Electrics, where IoT allowed architecture for actionable business insight. With over 30 years of continuous safe function, EcoStruxure Triconex Safety Systems have delivered more than one billion safe working hours. Proven in the most demanding industries and challenging applications, EcoStruxure Triconex Safety Systems gives a lifetime of performance.

Drivers and Restraints of Industrial safety:

Drivers:

The rapid increase within the need for reliable safety systems for the protection of personnel and asset protection has boosted the expansion of the global industrial system market. The growing automation in industrial areas, especially in hazardous industrial areas is fuelling the development of the market. The strict government regulations and protocols regarding the creation of a safer work culture have propelled the expansion of the global market. The rise in the construction of smart cities within the growing economies around the globe has ample future opportunity for the global industrial safety business

Restraints:

The lack of awareness about the potential benefits of workplace safety programs by various businesses in process industries, especially in trending markets, has crippled the demand for industrial safety. The fixed training initiatives to make awareness about occupational hazards and ways to counter them also are causing a setback to the global industrial system market. However, over time, a growing number of companies in end-use industries are making industrial safety an essential part of employee policies. Also, the high investment in automation and maintenance of kit in a hazardous environment restrains the industrial safety market growth.

Industrial Safety Market Segmentation:

By Product Type:

 • F&GM

 • BMS

 • HIPPS

 • ESD

 • TMC

An emergency shutdown (ESD) system is designed to avoid dangerous conditions. It can start the shutdown of a plant, unit, or equipment. Sensors are utilized to detect undesired situations and logic solvers respond to sensors by taking final factors such as valves and pumps to secure states. In an emergency, an ESD system shuts down the process in a secure and orderly manner, resulting in high demand for this product type.

By Component:

 • Programmable Safety Systems

 • Safety Valves

 • Safety Switches

 • Safety Sensors

 • Emergency Stop Devices

By Industry:

 • Chemicals 

 • Metals & Mining 

 • Food & Beverages

 • Pharmaceuticals

 • Oil & Gas

 • Power Generation

Mandatory industrial safety laws compelled many sectors to put in safety systems for employee safety and asset safety using safety sensors and relays. The expansion in the oil & gas industry require much safety system thanks to the hazardous environment. Therefore, this segment accounts for the central part of the industrial safety market. The developing technologies like the Internet of Things and AI and their pacing incorporation with the system are predicted to foster the global industrial safety market growth in the future.

Industrial safety Market Region-wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

The North American industrial safety market dominated the worldwide business, occupying a share of roughly 30% of the entire revenue. Government initiatives and policies favoring the security 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. The Asia-Pacific industrial safety market is estimated to witness the best growth during the foreseen period 2020–2025. The region has witnessed a surge within the number of industrial facilities in developing countries including Taiwan and India. The increasing number of commercial facilities is predicted to fuel the expansion of the global market in Asia-Pacific.

Key Players of Market:

The major players of the global industrial safety market 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), are also prominent contributors to the international marketplace.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Industrial Safety Market, By Component               

                    6.1.1 Programmable Safety Systems      

                    6.1.2 Safety Valves 

                    6.1.3 Safety Switches        

                    6.1.4 Safety Sensors         

                    6.1.5 Emergency Stop Devices     

                    6.1.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.7 Y-o-Y Growth Rate Analysis         

                    6.1.8 Market Attractiveness Index         

          6.2 Industrial Safety Market, By Product Type             

                    6.2.1 F&GM  

                    6.2.2 BMS    

                    6.2.3 HIPPS  

                    6.2.4 ESD     

                    6.2.5 TMC    

                    6.2.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.7 Y-o-Y Growth Rate Analysis         

                    6.2.8 Market Attractiveness Index         

          6.3 Industrial Safety Market, By Industry          

                    6.3.1 Chemicals      

                    6.3.2 Metals & Mining       

                    6.3.3 Food & Beverages     

                    6.3.4 Pharmaceuticals       

                    6.3.5 Oil & Gas       

                    6.3.6 Power Generation     

                    6.3.7 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.8 Y-o-Y Growth Rate Analysis         

                    6.3.9 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Component         

                    7.2.3 By Product Type       

                    7.2.4 By Industry    

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Component         

                    7.3.3 By Product Type       

                    7.3.4 By Industry    

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Component         

                    7.4.3 By Product Type       

                    7.4.4 By Industry    

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Component         

                    7.5.3 By Product Type       

                    7.5.4 By Industry    

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Component         

                    7.6.3 By Product Type       

                    7.6.4 By Industry    

8. Key Player Analysis                           

          8.1 Emerson Electric Co              

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Honeywell International, Inc.           

          8.3 Rockwell Automation, Inc.               

          8.4 ABB Ltd            

          8.5 Schneider Electric SE             

          8.6 General Electric           

          8.7 Yokogawa Electric Corp                   

          8.8 Omron Corporation               

          8.9 Siemens AG                

          8.10 Johnson Controls                

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by Shielding Type, by Heat Application, Application, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Industrial Safety Market By Region, From 2021-2026 ( USD Billion )
  2. Global Industrial Safety Market By Component, From 2021-2026 ( USD Billion )
  3. Global Programmable Safety Systems Market By Region, From 2021-2026 ( USD Billion )
  4. Global Safety Valves Market By Region, From 2021-2026 ( USD Billion )
  5. Global Safety Switches Market By Region, From 2021-2026 ( USD Billion )
  6. Global Safety Sensors Market By Region, From 2021-2026 ( USD Billion )
  7. Global Emergency Stop Devices Market By Region, From 2021-2026 ( USD Billion )
  8. Global Industrial Safety Market By Product Type, From 2021-2026 ( USD Billion )
  9. Global F&GM Market By Region, From 2021-2026 ( USD Billion )
  10. Global BMS Market By Region, From 2021-2026 ( USD Billion )
  11. Global HIPPS Market By Region, From 2021-2026 ( USD Billion )
  12. Global ESD Market By Region, From 2021-2026 ( USD Billion )
  13. Global TMC Market By Region, From 2021-2026 ( USD Billion )
  14. Global Industrial Safety Market By Industry, From 2021-2026 ( USD Billion )
  15. Global Chemicals Market By Region, From 2021-2026 ( USD Billion )
  16. Global Metals & Mining Market By Region, From 2021-2026 ( USD Billion )
  17. Global Food & Beverages Market By Region, From 2021-2026 ( USD Billion )
  18. Global Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )
  19. Global Oil & Gas Market By Region, From 2021-2026 ( USD Billion )
  20. Global Power Generation Market By Region, From 2021-2026 ( USD Billion )

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