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Workplace Safety Systems Market: Industry Analysis, Opportunity Assessment and Forecast up to 2026

Workplace Safety Systems Market

Workplace Safety Systems Market

COVID-19 pandemic has turned out to be a major growth determinant in the industrial automation sector. With the integration of digital infrastructure to monitor and control public health, industrial automation has taken a new shape. This crisis has enhanced the value of IT and digital transformation across different sectors and industries.

In the current situation of restricted movement and reduced workforce, new technologies have been developed to provide end-to-end automation in different sectors such as food processing. Automated systems are hired by the companies to ensure continued supply and manufacturing of products with the least manual interference.

The digital transformation during the COVID-19 pandemic has enhanced our dependency on advanced technologies such as Augmented Reality, Virtual Reality, and the Industrial Internet of Things. The unfulfilled financial targets are compelling the organizations to adopt automation and advanced technologies to stay ahead in the market competition. Businesses are utilizing this opportunity by identifying daily operational needs and inculcating automation in it to create a digital infrastructure for the long term.Growing safety concerns due to increase in the fatalities at workplace is shifting the focus of the people to look into workers safety. According to International Labor Organization (ILO), 612 workers die every day due to work related accident across the globe. These accidents can be prevented by installing the safety systems. The workplace safety systems protect the person(s) from various life threatening situations/scenarios at their work premises.

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These situations/scenarios can be any explosion, falling from height, low visibility, high noise, etc. Stringent occupational health & safety regulations stating unavoidable use of these systems in offices & industries and rapid urbanization are the factors which are anticipated to fuel the growth of workplace safety systems market. Based on application, manufacturing industry is anticipated to dominate the workplace safety systems market and is expected to remain same throughout the forecast period.

Based on regions, Asia Pacific excluding Japan is projected to grow at a significant rate during the forecast period. Moreover, government initiatives in India like “Make in India” is expected to drive the growth of manufacturing industry which in turn is expected to drive the growth of workplace safety systems. The workplace safety systems market is highly fragmented and the major players are focused on innovations and launching of new products in order to create a healthy working environment.

Global Workplace Safety System Market Dynamics

The increasing concerns regarding workers’ safety is one of the major factor driving the growth of the workplace safety system market. Additionally, the increasing demand from the oil & gas, manufacturing, and chemical industries is expected to propel the growth of the workplace safety system market. Moreover, mandatory regulation stated by NIOSH (National Institute of Occupational Safety and Health), NFPA (National Fire Protection Association) and OSHA (Occupational Safety and Health Administration) are driving the industries for compulsory usage of these safety systems which in turn will drive the growth of the workplace safety systems market.

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Increasing use of automation equipment in various industries is anticipated to curb the growth of the global workplace safety system market. Additionally, high initial cost and presence of knock-offs in the market are expected to hamper the growth the market.

Global Workplace Safety System Market: Segmentation

The global workplace safety systems market can be segmented on the basis of end-user, application, and region. On the basis of end-user, the global workplace safety market can be segmented into personal safety and public safety. Personal safety can be further segmented into respiratory protection, face protection, fall protection, and protective clothing. On the other hand, public safety systems can be further segmented into CCTV, microphone, fire alarm, and hydrant systems. On the basis of applications, the global workplace safety systems market can be further segmented into construction industry, manufacturing industry, transportation, chemical, pharmaceutical, oil and gas, food and beverage industry, and other industries.

Global Workplace Safety System Market: Region Wise Outlook

North America is expected to be the most promising value generating workplace safety system market in terms of adoption and value generation during the forecast period. Strict regulation by ANSI (American National Standard Institutes), CSA (Canadian Standards Association) and OSHA is expected to propel the demand of workplace safety systems in North America. Asia Pacific is projected to grow at a significant rate during the forecast period due to increase in manufacturing and construction industries in emerging economies like China, India, Vietnam, and Indonesia. Europe is anticipated to witness steady growth over the forecast period.

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Global Workplace Safety System Market: Key Players

Some of the players identified in the workplace safety system market are as follows;

Honeywell International Inc.,
Arco Limited,
3M,
E.I. du Pont Nemours and Company,
J&K Ross Ltd.,
MSA,
Alpha Pro Tech Ltd.,
NuSafe, Seton Australia,
Conney Safety Products

About Industrial Automation Domain of Persistencemarketresearch@ https://www.persistencemarketresearch.com/category/industrial-automation.asp

The Industrial Automation team at Persistence Market Research provides expert opinions and incisive inputs about broad array of products used extensively in the manufacturing industry. The team has compiled comprehensive market research reports on gears, valves, bearings, special purpose machinery, and other key segments in this evolving landscape. In addition to offering syndicated market research studies, the team consults clients from all across the globe on their unique, strategic needs. Need help with your next project? Feel free to reach out.

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