Global Industrial Safety Market Is Expected To Reach Around USD 5.41 Billion By 2025

25-Jun-2019 | Zion Market Research

Zion Market Research has published a new report titled “Industrial Safety Market by Product (Burner Management Systems, Fire and Gas Monitoring and Control, High Integrity Pressure Protection Systems, Turbomachinery Control, and Emergency Shutdown Systems), by Component (Safety Sensors, Emergency Stop Devices, Safety Controllers/Module/Relays, Programmable Safety Systems, Safety Valves, Safety Switches, and Others), and by End-Use Industry (Oil and Gas, Food & Beverages, Water and Wastewater, Pharmaceuticals, Power Generation, Chemicals, Mining, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global industrial safety market was USD 3.04 billion in 2018 and is expected to reach USD 5.41 billion by 2025, at a CAGR of 8.6% between 2019 and 2025.

Industrial safety refers to the management of various events and operations within an industry/factory, to ensure employee safety and asset protection by minimizing accidents, risks, hazards, and losses. Rapid technological developments, increasing demand for safety systems in the oil and gas sector, rising number of obligations for safety regulations, growing demand for reliable safety systems, accelerating use of automation in hazardous industrial areas and industrial revolution 4.0 are the prime factors fueling the global industrial safety market growth. The implementation of industrial safety measures by numerous governments across the world is another factor supporting the global industrial safety market. However, the huge initial investments for industrial safety systems installation may restrict the global industrial safety market development. Conversely, the increasing acceptance of workplace safety standards, particularly in developing countries, is likely to open new growth avenues for the major market players.

Request Sample Request Customization Buy Now

Browse the full “Industrial Safety Market by Product (Burner Management Systems, Fire and Gas Monitoring and Control, High Integrity Pressure Protection Systems, Turbomachinery Control, and Emergency Shutdown Systems), by Component (Safety Sensors, Emergency Stop Devices, Safety Controllers/Module/Relays, Programmable Safety Systems, Safety Valves, Safety Switches, and Others), and by End-Use Industry (Oil and Gas, Food & Beverages, Water and Wastewater, Pharmaceuticals, Power Generation, Chemicals, Mining, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/industrial-safety-market

Global Industrial Safety Market

The global industrial safety market is fragmented based on product, component, and end-use industry. On the basis of product, the global industrial safety market includes burner management systems, fire and gas monitoring, and control, high integrity pressure protection systems, turbomachinery control, and emergency shutdown systems. Emergency shutdown systems are anticipated to grow rapidly over the estimated time period. By component, the global market is categorized into safety sensors, emergency stop devices, safety controllers/module/relays, programmable safety systems, safety valves, safety switches, and others. Programmable safety systems were the fastest growing segment and accounted for a significant share in 2018. By end-use industry, the global industrial safety market includes oil and gas, food and beverages, water and wastewater, pharmaceuticals, power generation, chemicals, mining, and others. In 2018, the power generation segment dominated the global industrial safety market.

In 2018, Europe dominated the global industrial safety market. This growth can be attributed to the stringent regulatory standards and safety directives implemented by the governments across the region. North America held the second spot in the industrial safety market globally in 2018. The Asia Pacific region is anticipated to register the fastest CAGR in the global industrial safety market over the next few years, owing to the rising urbanization and growing industrialization across the region, particularly in the emerging economies of India and China.

Some major players of the global industrial safety market are Honeywell, ABB, Schneider, Rockwell, Emerson, Yokogawa, Hima Paul, GE, Siemens, Omron, Johnson Controls, Proserv Ingenious Simplicity, Euchner, Balluff, and Fortress Interlocks.

This report segments the global industrial safety market into:

Global Industrial Safety Market: Product Analysis

  • Burner Management Systems (BMS)
  • Fire and Gas Monitoring and Control (F&GM)
  • High Integrity Pressure Protection Systems (HIPPS)
  • Turbomachinery Control (TMC)
  • Emergency Shutdown Systems (ESD)

Global Industrial Safety Market: Component Analysis

  • Safety Sensors
  • Emergency Stop Devices
  • Safety Controllers/Module/Relays
  • Programmable Safety Systems
  • Safety Valves
  • Safety Switches
  • Others

Global Industrial Safety Market: End-Use Industry Analysis

  • Oil and Gas
  • Food and Beverages
  • Water and Wastewater
  • Pharmaceuticals
  • Power Generation
  • Chemicals
  • Mining
  • Others

Global Industrial Safety Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Request Brochure
Latest Published Reports

View All Published Reports