Product Code: PM2691
The global Industrial safety market size is expected to reach USD 10.63 billion by 2030, according to a new study by Polaris Market Research. The report "Industrial Safety Market Share, Size, Trends, Industry Analysis Report, By Offering; By Type; By End-Use (Oil & Gas, Power, Chemical, Water & Wastewater Treatment, Pharmaceuticals, Paper & Pulp, Mining & Metals, Food & Beverage); By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The adoption of industrial safety solutions is expected to be sped up by initiatives done by various governments & regulatory authorities, such as the Department of Occupational Safety & Health (NIOSH) and the Work Health and Safety Regulations (OSHA). Intelligent clothing, smart personal protective equipment, smart safety, & autonomous cars are just a few of the new, developing trends that will likely present profitable prospects for the workplace safety sector to expand.
New opportunities are emerging for integrated safety & compliance services due to the industrial internet of things. Businesses may combine their operations with safety systems & monitor them in real time using the Industrial Internet of Things. Through instantaneous monitoring, analysis, & control made possible by the industrial internet of things, physical systems may be managed virtually, ultimately leading to improved performance. During the projected period, it is anticipated that the need for industrial safety will increase due to the expansion of the internet of things.
The COVID-19 has badly impacted this market. The power-generating, chemical, automotive, and oil & gas sectors are among those that are most badly impacted. Due to shifts in consumer behavior, poor output, and industrial closures, several industries saw a significant impact. Metals and mining, healthcare and pharmaceuticals, semiconductor, & food and beverage are a few of the industries that have been moderately damaged. However, because of customer demands and the restart of production procedures, these industries are anticipated to rebound swiftly.
Industrial safety Market Report Highlights
Growing demand for emergency shutdown systems in several applications, such as the petrochemical, industrial, pharmaceutical, healthcare, and power sectors, among others, is expected to drive segment demand.
Oil & gas segment is expected to spearhead revenue growth as worker safety is a major concern in this sector. Workers risk fire and explosion due to flammable gases or vapors.
Asia Pacific is expected to grow at a higher CAGR over the forecast period because of several infrastructure projects sanctioned by the government across developing nations in the region, such as India and China.
Major players operating in the industry include Siemens, Yokogawa, Hima Paul, Rockwell, Emerson, OMRON Corp, Honeywell, Johnson Controls, ABB, and Balluff GmbH.
Polaris Market Research has segmented the Industrial safety market report based on, type, offering, end-use, and region:
Industrial safety, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Emergency shutdown (ESD)
Monitoring Fire and Gas Systems
High Integrity Pressure Safety (HIPPS)
Burner Control Systems (BMS)
Turbomachinery Control
Intrusion detection and control systems
Override & Bypass Management Systems
Industrial safety, Offering Outlook (Revenue - USD Billion, 2018 - 2030)
Hardware
Software
Industrial safety, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Oil & Gas
Chemical
Treatment of Water and Wastewater
Power
Pharmaceuticals
Paper & Pulp
Mining & Metals
Food and Beverage
Others
Industrial safety, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Industrial Safety Market Insights
- 4.1. Industrial Safety - Industry Snapshot
- 4.2. Industrial Safety Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing usage of industrial internet of things
- 4.2.1.2. Strict mandates for safety regulation
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Lack of awareness and complexity of standards
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Industrial Safety Market Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Industrial Safety Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 5.3. Emergency shutdown (ESD)
- 5.3.1. Global Industrial Safety Market, by Emergency shutdown (ESD), by Region, 2018 - 2030 (USD Billion)
- 5.4. Monitoring Fire and Gas Systems
- 5.4.1. Global Industrial Safety Market, by Monitoring Fire and Gas Systems, by Region, 2018 - 2030 (USD Billion)
- 5.5. High Integrity Pressure Safety (HIPPS)
- 5.5.1. Global Industrial Safety Market, by High Integrity Pressure Safety (HIPPS), by Region, 2018 - 2030 (USD Billion)
- 5.6. Burner Control Systems (BMS)
- 5.6.1. Global Industrial Safety Market, by Burner Control Systems (BMS), by Region, 2018 - 2030 (USD Billion)
- 5.7. Turbomachinery Control
- 5.7.1. Global Industrial Safety Market, by Turbomachinery Control, by Region, 2018 - 2030 (USD Billion)
- 5.8. Intrusion detection and control systems
- 5.8.1. Global Industrial Safety Market, by Intrusion detection and control systems, by Region, 2018 - 2030 (USD Billion)
- 5.9. Override & Bypass Management Systems
- 5.9.1. Global Industrial Safety Market, by Override & Bypass Management Systems, by Region, 2018 - 2030 (USD Billion)
6. Global Industrial Safety Market, by Offering
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 6.3. Hardware
- 6.3.1. Global Industrial Safety Market, by Hardware, by Region, 2018 - 2030 (USD Billion)
- 6.4. Software
- 6.4.1. Global Industrial Safety Market, by Software, by Region, 2018 - 2030 (USD Billion)
7. Global Industrial Safety Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 7.3. Oil & Gas
- 7.3.1. Global Industrial Safety Market, by Oil & Gas, by Region, 2018 - 2030 (USD Billion)
- 7.4. Chemical
- 7.4.1. Global Industrial Safety Market, by Chemical, by Region, 2018 - 2030 (USD Billion)
- 7.5. Water & Wastewater Treatment
- 7.5.1. Global Industrial Safety Market, by Water & Wastewater Treatment, by Region, 2018 - 2030 (USD Billion)
- 7.6. Power
- 7.6.1. Global Industrial Safety Market, by Power, by Region, 2018 - 2030 (USD Billion)
- 7.7. Pharmaceuticals
- 7.7.1. Global Industrial Safety Market, by Pharmaceuticals, by Region, 2018 - 2030 (USD Billion)
- 7.8. Paper & Pulp
- 7.8.1. Global Industrial Safety Market, by Paper & Pulp, by Region, 2018 - 2030 (USD Billion)
- 7.9. Mining & Metals
- 7.9.1. Global Industrial Safety Market, by Mining & Metals, by Region, 2018 - 2030 (USD Billion)
- 7.10. Food & Beverage
- 7.10.1. Global Industrial Safety Market, by Food & Beverage, by Region, 2018 - 2030 (USD Billion)
- 7.11. Others
- 7.11.1. Global Other Industrial Safety Market, by Region, 2018 - 2030 (USD Billion)
8. Global Industrial Safety Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Industrial Safety Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 8.3. Industrial Safety Market - North America
- 8.3.1. North America: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.3.2. North America: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.3.3. North America: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.3.4. Industrial Safety Market - U.S.
- 8.3.4.1. U.S.: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.3.4.2. U.S.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.3.4.3. U.S.: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.3.5. Industrial Safety Market - Canada
- 8.3.5.1. Canada: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.3.5.2. Canada.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.3.5.3. Canada: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4. Industrial Safety Market - Europe
- 8.4.1. Europe: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.2. Europe.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.3. Europe: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.4. Industrial Safety Market - UK
- 8.4.4.1. UK: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.4.2. UK.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.4.3. UK: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.5. Industrial Safety Market - France
- 8.4.5.1. France: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.5.2. France.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.5.3. France: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.6. Industrial Safety Market - Germany
- 8.4.6.1. Germany: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.6.2. Germany.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.6.3. Germany: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.7. Industrial Safety Market - Italy
- 8.4.7.1. Italy: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.7.2. Italy.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.7.3. Italy: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.8. Industrial Safety Market - Spain
- 8.4.8.1. Spain: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.8.2. Spain.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.8.3. Spain: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.9. Industrial Safety Market - Netherlands
- 8.4.9.1. Netherlands: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.9.2. Netherlands.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.9.3. Netherlands: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.10. Industrial Safety Market - Russia
- 8.4.10.1. Russia: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.10.2. Russia.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.10.3. Russia: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5. Industrial Safety Market - Asia Pacific
- 8.5.1. Asia Pacific: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.2. Asia Pacific.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.3. Asia Pacific: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5.4. Industrial Safety Market - China
- 8.5.4.1. China: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.4.2. China.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.4.3. China: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5.5. Industrial Safety Market - India
- 8.5.5.1. India: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.5.2. India.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.5.3. India: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5.6. Industrial Safety Market - Malaysia
- 8.5.6.1. Malaysia: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.6.2. Malaysia.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.6.3. Malaysia: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5.7. Industrial Safety Market - Japan
- 8.5.7.1. Japan: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.7.2. Japan.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.7.3. Japan: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5.8. Industrial Safety Market - Indonesia
- 8.5.8.1. Indonesia: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.8.2. Indonesia.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.8.3. Indonesia: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5.9. Industrial Safety Market - South Korea
- 8.5.9.1. South Korea: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.9.2. South Korea.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.9.3. South Korea: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.6. Industrial Safety Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.2. Middle East & Africa.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.3. Middle East & Africa: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.6.4. Industrial Safety Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.4.3. Saudi Arabia: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.6.5. Industrial Safety Market - UAE
- 8.6.5.1. UAE: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.5.2. UAE.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.5.3. UAE: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.6.6. Industrial Safety Market - Israel
- 8.6.6.1. Israel: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.6.2. Israel.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.6.3. Israel: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.6.7. Industrial Safety Market - South Africa
- 8.6.7.1. South Africa: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.7.2. South Africa.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.7.3. South Africa: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.7. Industrial Safety Market - Latin America
- 8.7.1. Latin America: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.7.2. Latin America.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.7.3. Latin America: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.7.4. Industrial Safety Market - Mexico
- 8.7.4.1. Mexico: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.7.4.2. Mexico.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.7.4.3. Mexico: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.7.5. Industrial Safety Market - Brazil
- 8.7.5.1. Brazil: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.7.5.2. Brazil.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.7.5.3. Brazil: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
- 8.7.6. Industrial Safety Market - Argentina
- 8.7.6.1. Argentina: Industrial Safety Market, by Type, 2018 - 2030 (USD Billion)
- 8.7.6.2. Argentina.: Industrial Safety Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.7.6.3. Argentina: Industrial Safety Market, by Offering, 2018 - 2030 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Siemens
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Yokogawa
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Hima Paul
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Rockwell
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Emerson
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. OMRON Corp
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Honeywell
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Johnson Controls
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. ABB
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Balluff GmbH
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development