The global industrial safety market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Industrial safety is the management of all operations and events inside the industry for the protection of its employees and assets by diminishing risks, accidents, hazards, and near misses. Governments across the globe monitor industrial safety through various laws and policies. The major factor driving the growth of the global industrial safety market during the forecast period is the increasing concerns for the safety of workers in the industry as well the machines across the globe.
Browse the full report description “Global Industrial Safety Market Size, Share & Trends Analysis Report, By Type (Machine Safety and Workers Safety), By Component (Presence Sensing Safety Sensors, Safety Controllers/ Modules/ Relays, Programmable Safety Systems, Safety Interlock Switches, Emergency Stop Controls, Two-Hand Safety Controls, and Others), By Industry (Oil & Gas, Energy & Power, Chemicals, Food & Beverages, Aerospace & Defense, Automotive and Others), Forecast (2022-2028).” at https://www.omrglobal.com/industry-reports/industrial-safety-market
Furthermore, the growth of the market can also be attributed to the increasingly stringent government regulations across the globe. Additionally, the penetration of digital technologies across businesses globally as well as the increasing prevalence of IoT across several industries is offering lucrative growth opportunities for the market players which in turn is driving the growth of the market during the forecast period.
The major companies serving the global Industrial Safety market include ABB Ltd., Honeywell International Inc., Rockwell Automation Inc., Siemens AG, and Schneider Electric SE, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, in November 2021, Compressor Controls LLC announced that it has signed a commercial agreement with Yokogawa Electric Corporation to sell a jointly developed solution that integrates Yokogawa’s process control technology and CCC’s turbomachinery control technology.
Market Coverage
Segment Covered-
Regions Covered-
Competitive Landscape- ABB Ltd., Honeywell International Inc., Rockwell Automation Inc., Siemens AG, Schneider Electric SE.
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Industrial Safety Market Report by Segment
By Type
By Component
By Industry
Global Industrial Safety Market Report by Region
North America
Europe
Asia-Pacific
Rest of the World