Industry 4.0: Uplifting the Manufacturing Sector with Smart Industrial Safety | Market Scope to 2026

How is Industrial safety changing the workspace?

Industrial safety is the management of all operations and events within an industry to protect its employees and assets by minimizing risks, accidents, hazards, and near misses. It is monitored by governmental bodies through various laws and policies.

Factually, millions of occupational or industrial accidents, which result in high loss of production time making it important to invest in industrial safety. Also, much of the production time is lost by those actually injured due to temporary and permanent disablement and in helping those who actually get injured. Thus, making it necessary to follow the industrial safety laws to achieve efficiency in production.

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Various system such as emergency shutdown system, fire and gas monitoring, and pressure protection among others are used in multiple industrial verticals such as oil & gas, food & beverage, pharmaceutical, chemicals, and metals & mining.

Major Players

The key players covered in the industrial safety industry include Emerson Electric Co., Honeywell International Inc., Rockwell Automation, Inc., ABB Group, Schneider Electric, Johnson Controls, GENERAL ELECTRIC, HIMA, OMRON Corporation, and Siemens.

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Key Growth Driving Factors

The factors including mandate of safety regulations, demand for safety in oil & gas industry, and industrial revolution 4.0 drive the market growth.

Mandatory industrial safety laws compelled many industries to install safety systems for employee safety and asset safety using safety sensors and relays.

The growth in oil & gas industry require much safety system due to hazardous environment. Therefore, this industry shares the major part of the industrial safety market.

The developing technologies like Internet of Things and Artificial Intelligence and their pacing incorporation with the system is expected to foster the industrial safety market growth.

The increase in construction of smart cities in the growing economies round the globe has wide future opportunity for the industrial safety market.

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Market Segmentation

The industrial safety market share is segmented by component, product, industry, and region.

Based on component, it is classified into safety sensors, programmable safety sensors, safety controllers/module/relays, safety switches, emergency stop devices, and safety valves.

Based on product, it is classified into emergency shutdown systems, fire & gas monitoring system, high integrity pressure protection system, burner management system, and turbo machinery control.

Based on industry, it is categorized into oil & gas, food & beverages, pharmaceuticals, chemicals, power generation, metal & mining, and water & wastewater.

Regional Analysis

Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The strict governmental policies and laws for industrial safety certifications make countries of North America and Europe share the major part of its market. Further, the growth of economies round the globe has provided common platforms for companies, resulting in rise in competition, which allows them to invest in this sector to achieve proficiency in production. Thus, influencing the growth of the global industrial safety market.

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