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Industrial Safety Market with COVID-19 Impact Analysis by Component (Presence Sensing Safety Sensors, Safety Controllers, Programmable Safety Systems), Industry (Energy & Power, Automotive, Oil & Gas) and Region - Global Forecast to 2027

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    Report

  • 207 Pages
  • March 2022
  • Region: Global
  • Markets and Markets
  • ID: 5142697
Description Jump to:

APAC is Projected to Hold the Largest Market Share Throughout the Forecast Period.

The global industrial safety market is estimated to grow from USD 6.3 billion in 2022 to USD 8.8 billion by 2027, at a CAGR of 6.8%. The adoption of standards such as IEC 61508 and IEC 61511 has led to increased dependency on industrial safety systems to attain the mandatory risk reduction targets. IEC 61508 and IEC 61511 are performance-based standards that promote the concept of the industrial safety life cycle. The widespread adoption of these standards, coupled with increased awareness about the need for industrial safety management and competency at both individual and organizational levels, has seen a step change in the direction to undertake specified industrial safety activities.  



Market for worker safety to grow at a higher CAGR during the forecasted period


Worker safety systems are implemented in manufacturing industries to ensure high productivity and reduce energy consumption during the production process. The smart worker solution is used to increase worker safety in industrial environments, along with tracking their work in the most efficient way. Smart worker solutions consist of many hardware and real-time software solutions, such as protective textile equipment, head protection equipment, eyewear, and protection devices, which are connected remotely using wireless connectivity technologies and embedded with software. 

Market for programmable safety systems to grow at the highest CAGR during the forecast period


Currently, the industrial safety market for programmable safety systems is expected to grow at the highest CAGR during the forecasted period. The growth of this market can be attributed to the wide adoption of programmable safety systems in end-user industries. Programmable safety systems or safety PLCs are considered as the backbone of machine safety systems. In addition, programmable safety systems can be easily used in close conjunction with other systems.

APAC is projected to hold the largest market share throughout the forecast period.


The increased acceptance of international industrial safety standards is driving the growth of the industrial safety market in this region. Rapid industrialization, rising emphasis on industrialization and organizational industrial safety, as well as the influence of multinational companies in adopting safety systems, are also driving the growth of the industrial safety market in APAC. The growth of heavily regulated industries such as oil & gas and power has increased the demand for industrial safety in developing economies, particularly in China and India.


Profile break-up of primary participants for the report is given below:

  • By Company Type - Tier 1 = 52%, Tier 2 = 31%, and Tier 3 = 17% 
  • By Designation - C-level Executives = 47%, Directors = 31%, and Others = 22% 
  • By Region - North America = 44%, Europe = 25%, APAC = 21%, and RoW = 10% 

The industrial safety market comprises major players such as Schneider Electric SE (France), Honeywell International Inc. (US), ABB Ltd. (Switzerland), Rockwell Automation, Inc. (US), Siemens AG (Germany), Emerson Electric Co. (US), Baker Hughes (US), HIMA (Germany), Yokogawa Electric Corp. (Japan), and Omron Corporation (Japan). These top players have strong portfolios of products and services and a presence in both mature and emerging markets.

The study includes an in-depth competitive analysis of these key players in the industrial safety market, with their company profiles, recent developments, and key market strategies.


Research Coverage


The report defines, describes, and forecasts the industrial safety market based on type, component, industry, and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the industrial safety market. It also analyzes competitive developments such as product launches, acquisitions, and agreements carried out by the key players to grow in the market.


Key Benefits of Buying the Report 


The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall industrial safety market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition and Scope
1.2.1 Inclusions & Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Industrial Safety Market: Research Design
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Major Secondary Sources
2.1.2.2 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews with Experts
2.1.3.2 Key Data from Primary Sources
2.1.3.3 Key Industry Insights
2.1.3.4 Breakdown of Primaries
2.2 Market Size Estimation
Figure 2 Market Size Estimation Methodology: Approach (Supply Side): Revenue of Products of Industrial Safety Market Size
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Share by Bottom-Up Analysis (Demand Side)
Figure 3 Industrial Safety Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Share by Top-Down Analysis (Supply Side)
Figure 4 Industrial Safety Market: Top-Down Approach
2.3 Market Breakdown & Data Triangulation
Figure 5 Data Triangulation
2.4 Research Assumptions
3 Executive Summary
3.1 Pre COVID-19
3.2 Realistic Scenario
3.3 Pessimistic Scenario
3.4 Optimistic Scenario
Figure 6 Pre- and Post-COVID-19 Analysis of Industrial Safety Market
Figure 7 Market for Programmable Safety Systems to Grow at Highest CAGR during Forecast Period
Figure 8 Energy & Power to Grow at Highest Cagr
Figure 9 APAC-Fastest Growing Segment during Forecast Period
4 Premium Insights
4.1 Attractive Growth Opportunities in Industrial Safety Market
Figure 10 Mandate for Safety Regulations and Rising Demand for Safety Systems in Oil & Gas Industry to Boost Adoption of Industrial Safety Systems
4.2 Industrial Safety Market, by Component
Figure 11 Presence Sensing Safety Sensors to Hold Largest Size of Industrial Safety Market in 2025
4.3 Industrial Safety Market, by System
Figure 12 Emergency Shutdown Systems to Hold Largest Size of Industrial Safety Market in 2025
4.4 Industrial Safety Market, by Industry
Figure 13 Automotive to Hold Larger Share of Industrial Safety Market in 2020
4.5 Industrial Safety Market, by Region
Figure 14 North America to Hold Largest Size of Industrial Safety Market in 2025
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 15 High Requirement for Reliable Safety Systems for Personnel and Asset Protection to Drive Industrial Safety Market
5.2.1 Drivers
5.2.1.1 Fiscal Policy Steps Taken by Regional Financial Institutions to Sustain Manufacturing Facilities Amid COVID-19 Crisis
Figure 16 Break-Up of Cares Act Package
5.2.1.2 High Requirement for Reliable Safety Systems to Ensure Personnel and Asset Protection
5.2.1.3 Strict Mandates for Safety Regulations
5.2.2 Restraints
5.2.2.1 High Investments Required for Automation and Installing Industrial Safety Systems
5.2.2.2 Lack of Awareness and Complexity of Standards
5.2.3 Opportunities
5.2.3.1 Growing Acceptance of Workplace Safety Standards in Emerging Economies
5.2.3.2 Increasing Usage of Industrial Internet of Things
5.2.4 Challenges
5.2.4.1 Supply Chain Disruptions Due to Lockdown and Social Distancing Norms
5.2.4.2 Failure to Access All Machinery-Related Risks
5.2.5 Adoption of Different Technologies in Industrial Safety Systems
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
Figure 17 Value Chain Analysis
6.3 Machine Safety Standards
6.4 Safety Integrity Level (Sil)
Table 1 Sil-Related Measures
6.5 Functional Safety Standards
6.5.1 Process Industry
6.5.1.1 I EC 61508
6.5.1.2 I EC 61511
6.5.2 Machinery
6.5.2.1 IEC 62061
7 Industrial Safety Market, by Type
7.1 Introduction
Figure 18 Industrial Safety Market, by Type
Table 2 Industrial Safety Market, by Type, 2016–2019 (USD Million)
Table 3 Industrial Safety Market, by Type, 2020–2025 (USD Million)
7.2 Machine Safety
7.2.1 COVID-19 Impact on Machine Safety
Table 4 Pre- and Post-COVID-19 Analysis of Industrial Safety Market for Machine Safety, 2016–2025 (USD Million)
7.3 Worker Safety
7.3.1 COVID-19 Impact on Worker Safety
Table 5 Pre- and Post-COVID-19 Analysis of Industrial Safety Market for Worker Safety, 2016–2025 (USD Million)
8 Industrial Safety Market, by Component
8.1 Introduction
Figure 19 Industrial Safety Market, by Component
Figure 20 Presence Sensing Safety Sensors to Hold Largest Size of Market during Forecasted Period
Table 6 Market, by Component, 2016–2019 (USD Million)
Table 7 Market by Component, 2020–2025 (USD Million)
Table 8 Market Shipment, by Component, 2016–2019 (Units)
Table 9 Industrial Safety Market Shipment, by Component, 2020–2025 (Units)
8.2 Presence Sensing Safety Sensors
8.2.1 Safety Sensors Hold Largest Share of Industrial Safety Market
Table 10 Presence Sensing Safety Sensor Market, by System, 2016–2019 (USD Million)
Table 11 Presence Sensing Safety Sensor Market, by System, 2020–2025 (USD Million)
8.3 Programmable Safety Systems
8.3.1 Market for Programmable Safety Systems to Grow at Highest Rate during Forecast Period
Table 12 Programmable Safety Systems Market, by System, 2016–2019 (USD Million)
Table 13 Programmable Safety Systems Market, by System, 2020–2025(USD Million)
8.4 Safety Controllers/Modules/Relays
8.4.1 High Requirement for Safety Components in Industrial Safety Systems
Table 14 Safety Controllers/Modules/Relays Market, by System, 2016–2019 (USD Million)
Table 15 Safety Controllers/Modules/Relays Market, by System, 2020–2025 (USD Million)
8.5 Safety Interlock Switches
8.5.1 Industrial Safety Interlock Switches Used to Protect Equipment and Users during Hazardous Situations
Table 16 Safety Interlock Switches Market, by System, 2016–2019 (USD Million)
Table 17 Safety Interlock Switches Market, by System, 2020–2025 (USD Million)
8.6 Emergency Stop Controls
8.6.1 Emergency Stop Controls have Wide Range of Safety Applications in Industries
Table 18 Emergency Stop Controls Market, by System, 2016–2019 (USD Million)
Table 19 Emergency Stop Controls Market, by System, 2020–2025 (USD Million)
8.7 Two-Hand Safety Control
8.7.1 Demand for Two-Hand Safety for Power Generation Industries to Continue to Rise in Future
Table 20 Two-Hand Safety Market, by System, 2016–2019 (USD Million)
Table 21 Two-Hand Safety Market, by System, 2020–2025 (USD Million)
8.8 Others
Table 22 Others Market, by System, 2016–2019 (USD Million)
Table 23 Others Market, by System, 2020–2025 (USD Million)
9 Industrial Safety Market, by System
9.1 Introduction
Figure 21 Emergency Shutdown System to Hold Largest Size of Industrial Safety Market in 2025
Table 24 Industrial Safety Market, by System, 2016–2019 (USD Million)
Table 25 Industrial Safety Market, by System, 2020–2025 (USD Million)
9.2 Emergency Shutdown Systems
9.2.1 Emergency Shutdown Systems Held Largest Size of Industrial Safety Market in 2019
Table 26 Market for Emergency Shutdown System, by Component, 2016–2019 (USD Million)
Table 27 Market for Emergency Shutdown System, by Component, 2020–2025 (USD Million)
Table 28 Emergency Shutdown System Market for Oil & Gas, by Region, 2016–2019 (USD Million)
Table 29 Emergency Shutdown System Market for Oil & Gas, by Region, 2020–2025 (USD Million)
Table 30 Emergency Shutdown System Market for Energy & Power, by Region, 2016–2019 (USD Million)
Table 31 Emergency Shutdown System Market for Energy & Power, by Region, 2020–2025 (USD Million)
Table 32 Emergency Shutdown System Market for Chemical, by Region, 2016–2019 (USD Million)
Table 33 Emergency Shutdown System Market for Chemical, by Region, 2020–2025 (USD Million)
Table 34 Emergency Shutdown System Market for Food & Beverages, by Region, 2016–2019 (USD Million)
Table 35 Emergency Shutdown System Market for Food & Beverages,By Region, 2020–2025 (USD Million)
Table 36 Emergency Shutdown System Market for Aerospace & Defense, by Region, 2016–2019 (USD Million)
Table 37 Emergency Shutdown System Market for Aerospace & Defense, by Region, 2020–2025 (USD Million)
Table 38 Emergency Shutdown System Market for Automotive, by Region, 2016–2019 (USD Million)
Table 39 Emergency Shutdown System Market for Automotive, by Region, 2020–2025 (USD Million)
Table 40 Emergency Shutdown System Market for Semiconductor, by Region, 2016–2019 (USD Million)
Table 41 Emergency Shutdown System Market for Semiconductor, by Region, 2020–2025 (USD Million)
Table 42 Emergency Shutdown System Market for Healthcare & Pharmaceuticals, by Region, 2016–2019 (USD Million)
Table 43 Emergency Shutdown System Market for Healthcare & Pharmaceuticals, by Region, 2020–2025 (USD Million)
9.2.2 Impact of COVID-19 on Emergency Shutdown Systems
9.3 High-Integrity Pressure Protection Systems
9.3.1 Rising Demand for Reliable Safety Solutions for Personnel and Asset Protection in High-Pressure Environments Spurs Market Growth
Table 44 Market for High-Integrity Pressure Protection System, by Component, 2016–2019 (USD Million)
Table 45 Market for High-Integrity Pressure Protection System, by Component, 2020–2025 (USD Million)
Table 46 High-Integrity Pressure Protection System Market for Oil & Gas, by Region, 2016–2019 (USD Million)
Table 47 High-Integrity Pressure Protection System Market for Oil & Gas, by Region, 2020–2025 (USD Million)
Table 48 High-Integrity Pressure Protection System Market for Energy & Power, by Region, 2016–2019 (USD Million)
Table 49 High-Integrity Pressure Protection System Market for Energy & Power, by Region, 2020–2025 (USD Million)
Table 50 High-Integrity Pressure Protection System Market for Chemical, by Region, 2016–2019 (USD Million)
Table 51 High-Integrity Pressure Protection System Market for Chemical, by Region, 2020–2025 (USD Million)
Table 52 High-Integrity Pressure Protection System Market for Food & Beverages, by Region, 2016–2019 (USD Million)
Table 53 High-Integrity Pressure Protection System Market for Food & Beverages, by Region, 2020–2025 (USD Million)
Table 54 High-Integrity Pressure Protection System Market for Aerospace & Defense, by Region, 2016–2019 (USD Million)
Table 55 High-Integrity Pressure Protection System Market for Aerospace & Defense, by Region, 2020–2025 (USD Million)
Table 56 High-Integrity Pressure Protection System Market for Automotive, by Region, 2016–2019 (USD Million)
Table 57 High-Integrity Pressure Protection System Market for Automotive, by Region, 2020–2025 (USD Million)
Table 58 High-Integrity Pressure Protection System Market for Semiconductor, by Region, 2016–2019 (USD Million)
Table 59 High-Integrity Pressure Protection System Market for Semiconductor, by Region, 2020–2025 (USD Million)
Table 60 High-Integrity Pressure Protection System Market for Healthcare & Pharmaceuticals, by Region, 2016–2019 (USD Million)
Table 61 High-Integrity Pressure Protection System Market for Healthcare & Pharmaceuticals, by Region, 2020–2025 (USD Million)
9.3.2 Impact of COVID-19 on Market for High-Integrity Pressure Protection Systems
9.4 Burner Management Systems
9.4.1 BMS Helps in Reliable Monitoring, Operations, and Maintenance of All Assets in Plants
Table 62 Industrial Safety Market for Burner Management System, by Component, 2016–2019 (USD Million)
Table 63 Market for Burner Management System, by Component, 2020–2025 (USD Million)
Table 64 Burner Management System Market for Oil & Gas, by Region, 2016–2019 (USD Million)
Table 65 Burner Management System Market for Oil & Gas, by Region, 2020–2025 (USD Million)
Table 66 Burner Management System Market for Energy & Power, by Region, 2016–2019 (USD Million)
Table 67 Burner Management System Market for Energy & Power, by Region, 2020–2025 (USD Million)
Table 68 Burner Management System Market for Chemical, by Region, 2016–2019 (USD Million)
Table 69 Burner Management System Market for Chemical, by Region, 2020–2025 (USD Million)
Table 70 Burner Management System Market for Food & Beverages, by Region, 2016–2019 (USD Million)
Table 71 Burner Management System Market for Food & Beverages,By Region, 2020–2025 (USD Million)
Table 72 Burner Management System Market for Aerospace & Defense, by Region, 2016–2019 (USD Million)
Table 73 Burner Management System Market for Aerospace & Defense, by Region, 2020–2025 (USD Million)
Table 74 Burner Management System Market for Automotive, by Region, 2016–2019 (USD Million)
Table 75 Burner Management System Market for Automotive, by Region, 2020–2025 (USD Million)
Table 76 Burner Management System Market for Semiconductor,By Region, 2016–2019 (USD Million)
Table 77 Burner Management System Market for Semiconductor, by Region, 2020–2025 (USD Million)
Table 78 Burner Management System Market for Healthcare & Pharmaceuticals, by Region, 2016–2019 (USD Million)
Table 79 Burner Management System Market for Healthcare & Pharmaceuticals, by Region, 2020–2025 (USD Million)
9.4.2 Impact of COVID-19 on Market for Burner Management Systems
9.5 Fire & Gas Monitoring System
9.5.1 Fire & Gas Monitoring Systems Mainly Used to Prevent and Lower After-Effects of Fire Accidents
Table 80 Industrial Safety Market for Fire & Gas Monitoring System, by Component, 2016–2019 (USD Million)
Table 81 Market for Fire & Gas Monitoring System, by Component, 2020–2025 (USD Million)
Table 82 Fire & Gas Monitoring System Market for Oil & Gas, by Region, 2016–2019 (USD Million)
Table 83 Fire & Gas Monitoring System Market for Oil & Gas, by Region, 2020–2025 (USD Million)
Table 84 Fire & Gas Monitoring System Market for Energy & Power, by Region, 2016–2019 (USD Million)
Table 85 Fire & Gas Monitoring System Market for Energy & Power, by Region, 2020–2025 (USD Million)
Table 86 Fire & Gas Monitoring System Market for Chemical, by Region, 2016–2019 (USD Million)
Table 87 Fire & Gas Monitoring System Market for Chemical, by Region, 2020–2025 (USD Million)
Table 88 Fire & Gas Monitoring System Market for Food & Beverages, by Region, 2016–2019 (USD Million)
Table 89 Fire & Gas Monitoring System Market for Food & Beverages,By Region, 2020–2025 (USD Million)
Table 90 Fire & Gas Monitoring System Market for Aerospace & Defense, by Region, 2016–2019 (USD Million)
Table 91 Fire & Gas Monitoring System Market for Aerospace & Defense, by Region, 2020–2025 (USD Million)
Table 92 Fire & Gas Monitoring System Market for Automotive, by Region, 2016–2019 (USD Million)
Table 93 Fire & Gas Monitoring System Market for Automotive, by Region, 2020–2025 (USD Million)
Table 94 Fire & Gas Monitoring System Market for Semiconductor, by Region, 2016–2019 (USD Million)
Table 95 Fire & Gas Monitoring System Market for Semiconductor, by Region, 2020–2025 (USD Million)
Table 96 Fire & Gas Monitoring System Market for Healthcare & Pharmaceutical, by Region, 2016–2019 (USD Million)
Table 97 Fire & Gas Monitoring System Market for Healthcare & Pharmaceutical, by Region, 2020–2025 (USD Million)
9.5.2 Impact of COVID-19 on Fire & Gas Monitoring System
9.6 Turbomachinery Control System
9.6.1 Tmc Provides Tight Control Over Speed of Steam, Hydro, and Gas Turbines
Table 98 Industrial Safety Market for Turbomachinery Control System, by Component, 2016–2019 (USD Million)
Table 99 Industrial Safety Market for Turbomachinery Control System, by Component, 2020–2025 (USD Million)
Table 100 Turbomachinery Control System Market for Oil & Gas, by Region, 2016–2019 (USD Million)
Table 101 Turbomachinery Control System Market for Oil & Gas, by Region, 2020–2025 (USD Million)
Table 102 Turbomachinery Control System Market for Energy & Power, by Region, 2016–2019 (USD Million)
Table 103 Turbomachinery Control System Market for Energy & Power, by Region, 2020–2025 (USD Million)
Table 104 Turbomachinery Control System Market for Chemical, by Region, 2016–2019 (USD Million)
Table 105 Turbomachinery Control System Market for Chemical, by Region, 2020–2025 (USD Million)
Table 106 Turbomachinery Control System Market for Food & Beverages, by Region, 2016–2019 (USD Million)
Table 107 Turbomachinery Control System Market for Food & Beverages, by Region, 2020–2025 (USD Million)
Table 108 Turbomachinery Control System Market for Aerospace & Defense, by Region, 2016–2019 (USD Million)
Table 109 Turbomachinery Control System Market for Aerospace & Defense, by Region, 2020–2025 (USD Million)
Table 110 Turbomachinery Control System Market for Automotive, by Region, 2016–2019 (USD Million)
Table 111 Turbomachinery Control System Market for Automotive, by Region, 2020–2025 (USD Million)
Table 112 Turbomachinery Control System Market for Semiconductor, by Region, 2016–2019 (USD Million)
&Nnbsp; Table 113 Turbomachinery Control System Market for Semiconductor,By Region, 2020–2025 (USD Million)
Table 114 Turbomachinery Control System Market for Healthcare & Pharmaceuticals, by Region, 2016–2019 (USD Million)
Table 115 Turbomachinery Control System Market for Healthcare & Pharmaceuticals, by Region, 2020–2025 (USD Million)
9.6.2 Impact of COVID-19 on Market for Turbomachinery Control System
10 Industrial Safety Market, by Industry
10.1 Introduction
Figure 22 Market, by Industry
Table 116 Market, by Industry, 2016–2019 (USD Million)
Table 117 Market, by Industry, 2020–2025 (USD Million)
Table 118 Market for Machine Safety, by Industry, 2016–2019 (USD Million)
Table 119 Market for Machine Safety, by Industry, 2020–2025 (USD Million)
10.2 Oil & Gas
10.2.1 Industrial Safety Equipment in Oil & Gas Industry Reduces Risk of Emergency Shutdowns
Table 120 Industrial Safety Market for Oil & Gas, by System, 2016–2019 (USD Million)
Table 121 Industrial Safety Market for Oil & Gas, by System, 2020–2025 (USD Million)
10.2.2 Impact of COVID-19 on Oil & Gas Industry
10.3 Energy & Power
10.3.1 Power Industry Uses Industrial Safety to Protect Plants from Hazards
Table 122 Market for Energy & Power, by System, 2016–2019 (USD Million)
Table 123 Market for Energy & Power, by System, 2020–2025 (USD Million)
10.3.2 Impact of COVID-19 on Energy & Power Industry
10.4 Chemical
10.4.1 Demand for Safety and Reliability in Chemical Industry Propel Market Growth
Table 124 Industrial Safety Market for Chemical, by System, 2016–2019 (USD Million)
Table 125 Market for Chemical, by System, 2020–2025 (USD Million)
10.4.2 Impact of COVID-19 on Chemical Industry
10.5 Food & Beverages
10.5.1 Food & Beverages Industry Employs Industrial Safety Due to Regulatory Issues
Table 126 Market for Food & Beverages, by System, 2016–2019 (USD Million)
Table 127 Market for Food & Beverages, by System, 2020–2025 (USD Million)
10.5.2 Impact of COVID-19 on Food & Beverages Industry
10.6 Aerospace & Defense
10.6.1 Aerospace & Defense Industry Adopted Industrial Safety to Increase Production
Table 128 Market for Aerospace & Defense, by System, 2016–2019 (USD Million)
Table 129 Industrial Safety Market for Aerospace & Defense, by System, 2020–2025 (USD Million)
10.6.2 Impact of COVID-19 on Aerospace & Defense Industry
10.7 Automotive
10.7.1 Automotive Industry Employs Industrial Safety Due to Regulatory Issues
Table 130 Industrial Safety Market for Automotive, by System, 2016–2019 (USD Million)
Table 131 Industrial Safety Market for Automotive, by System, 2020–2025 (USD Million)
10.7.2 Impact of COVID-19 on Automotive Industry
10.8 Semiconductor
10.8.1 Semiconductor Industry Uses Industrial Safety Equipment to Ensure Worker and Asset Protection
Table 132 Market for Semiconductor, by System, 2016–2019 (USD Million)
Table 133 Market for Semiconductor, by System, 2020–2025 (USD Million)
10.8.2 Impact of COVID-19 on Semiconductor Industry
10.9 Healthcare & Pharmaceutical
10.9.1 Pharmaceutical Companies Implement Industrial Safety to Prevent Potential Hazards
Table 134 Industrial Safety Market for Healthcare & Pharmaceutical, by System, 2016–2019 (USD Million)
Table 135 Market for Healthcare & Pharmaceutical, by System, 2020–2025 (USD Million)
10.9.2 Impact of COVID-19 on Healthcare & Pharmaceutical Industry
10.10 Metal & Mining
10.10.1 Industrial Safety Systems help Ensure Efficient and Safe Production in Metal & Mining Industry
Table 136 Industrial Safety Market for Metal & Mining, by System, 2016–2019 (USD Million)
Table 137 Market for Metal & Mining, by System, 2020–2025 (USD Million)
10.10.2 Impact of COVID-19 on Metal & Mining Industry
10.11 Others
Table 138 Market for Others, by System, 2016–2019 (USD Million)
Table 139 Industrial Safety Market for Others, by System, 2020–2025 (USD Million)
10.11.1 Impact of COVID-19 on Others
11 Geographic Analysis
11.1 Introduction
Figure 23 Market in APAC to Grow at Fastest Rate during Forecast Period
Table 140 Market, by Region, 2016–2019 (USD Million)
Table 141 Market, by Region, 2020–2025 (USD Million)
Table 142 Market for Machine Safety, by Region, 2016–2019 (USD Million)
Table 143 Market for Machine Safety, by Region, 2020–2025 (USD Million)
11.2 North America
Figure 24 North America: Snapshot of Industrial Safety Market
Table 144 Market for North America, by Country, 2016–2019 (USD Million)
Table 145 Market for North America, by Country, 2020–2025 (USD Million)
Table 146 Market in North America, by System, 2016–2019 (USD Million)
Table 147 Market in North America, by System, 2020–2025 (USD Million)
11.2.1 Impact of COVID-19 on North American Market
11.2.2 US
11.2.2.1 US to Hold Largest Size of Industrial Safety Market in North America during Forecast Period
11.2.3 Canada
11.2.3.1 Strict Government Regulations Drive Industrial Safety Market
11.2.4 Mexico
11.2.4.1 Abundance of Oil & Gas Reserves to Offer Opportunities for Industrial Safety Manufacturers
11.3 Europe
Figure 25 Europe: Snapshot of Industrial Safety Market
Table 148 Market for Europe, by Country, 2016–2019 (USD Million)
Table 149 Market for Europe, by Country, 2020–2025 (USD Million)
Table 150 Market in Europe, by System, 2016–2019 (USD Million)
Table 151 Market in Europe, by System, 2020–2025 (USD Million)
11.3.1 Impact of COVID-19 on European Market
11.3.2 UK
11.3.2.1 Mandates for Safety Regulations Propel Demand for Industrial Safety Systems and Services
11.3.3 Germany
11.3.3.1 Germany to Hold Largest Size of Industrial Safety Market in Europe during Forecast Period
11.3.4 France
11.3.4.1 Stringent Safety Requirements Driving Industrial Safety Market in France
11.3.5 Rest of Europe
11.4 APAC
Figure 26 APAC: Snapshot of Industrial Safety Market
Table 152 Industrial Safety Market for APAC, by Country, 2016–2019 (USD Million)
Table 153 Market for APAC, by Country, 2020–2025 (USD Million)
Table 154 Market in APAC, by System, 2016–2019 (USD Million)
Table 155 Market in APAC, by System, 2020–2025 (USD Million)
11.4.1 Impact of COVID-19 on Market in APAC
11.4.2 China
11.4.2.1 Oil & Gas and Chemical Major End-User Industries for Industrial Safety
11.4.3 Japan
11.4.3.1 Fast-Growing Process Industries Adhering to Safety Standards, Thereby Driving Adoption of Industrial Safety Products
11.4.4 India
11.4.4.1 Industrial Safety Market to Grow at Highest CAGR during Forecast Period
11.4.5 South Korea
11.4.5.1 Stringent Laws to Prevent Industrial Accidents Drive Industrial Safety Market
11.4.6 Rest of APAC
11.5 RoW
Table 156 Market for RoW, by Region, 2016–2019 (USD Million)
Table 157 Market for RoW, by Region, 2020–2025 (USD Million)
Table 158 Market in RoW, by System, 2016–2019(USD Million)
Table 159 Market in RoW, by System, 2020–2025 (USD Million)
11.5.1 Impact of COVID-19 on Market in Row
11.5.2 South America
11.5.2.1 South America to be Booming Market for Industrial Safety Solutions
11.5.3 Middle East & Africa
11.5.3.1 Middle East Held Larger Size of Industrial Safety Market for Oil & Gas Industry in 2019
12 Competitive Landscape
12.1 Overview
Figure 27 Key Developments in Industrial Safety Market (2019 to 2020)
12.2 Market Ranking Analysis: Industrial Safety Market
Figure 28 Ranking of Key Players in Industrial Safety Market, 2019
12.3 Competitive Leadership Mapping
12.3.1 Visionaries
12.3.2 Innovators
12.3.3 Dynamic Differentiators
12.3.4 Emerging Companies
Figure 29 Industrial Safety Market (Global) Competitive Leadership Mapping, 2019
12.4 Strength of Product Portfolio
Figure 30 Product Portfolio Analysis of Top Players in Market
12.5 Business Strategy Excellence
Figure 31 Business Strategy Excellence of Top Players in Market
12.6 Competitive Situation & Trends
12.6.1 Contracts, Agreements, and Partnerships
Table 160 Contracts, Agreements, and Partnerships, Joint Ventures, 2018–2020
12.6.2 Product Launches & Developments
Table 161 Product Launches and Developments, 2018–2020
12.6.3 Acquisitions
Table 162 Acquisitions, 2017–2018
13 Company Profiles
13.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and Publisher View with COVID-19-Related Developments)*
13.1.1 Schneider Electric
Figure 32 Schneider Electric: Company Snapshot
13.1.2 Honeywell
Figure 33 Honeywell: Company Snapshot
13.1.3 ABB
Figure 34 ABB: Company Snapshot
13.1.4 Rockwell
Figure 35 Rockwell: Company Snapshot
13.1.5 Siemens AG
Figure 36 Siemens: Company Snapshot
13.1.6 Hima Paul
13.1.7 Yokogawa
Figure 37 Yokogawa: Company Snapshot
13.1.8 Emerson Electric
Figure 38 Emerson: Company Snapshot
13.1.9 General Electric
Figure 39 GE: Company Snapshot
13.1.10 Omron Corporation
Figure 40 Omron: Company Snapshot
*Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and Publisher View with COVID-19-Related Developments Might Not be Captured in Case of Unlisted Companies.
13.2 Right to Win
13.3 Other Key Players
13.3.1 Johnson Controls
13.3.2 Balluff Gmbh
13.3.3 Keyence
13.3.4 IDEC
13.3.5 Sick
13.3.6 Euchner
13.3.7 Fortress Interlocks (Halma Plc)
13.3.8 SGS Group
13.3.9 Mitsubishi Electric
13.3.10 Pilz
13.3.11 Velan Inc
13.3.12 Paladon Systems Ltd.
13.3.13 Proserv Ingenious Simplicity
13.3.14 Banner Engineering
13.3.15 K.A. Schmersal
14 Adjacent & Related Markets
14.1 Introduction
14.2 Limitations
14.3 Process Automation and Instrumentation Market, by Industry
14.3.1 Introduction
Table 163 Process Automation and Instrumentation Market, by Industry, 2016–2024 (USD Billion)
Table 164 Process Automation and Instrumentation Market for Solutions, by Industry, 2016–2024 (USD Billion)
Table 165 Process Automation and Instrumentation Market for Instruments, by Industry, 2016–2024 (USD Billion)
14.3.2 Chemicals
14.3.3 Energy & Power
14.3.4 Food & Beverages
14.3.5 Metals & Mining
14.3.6 Oil & Gas
14.3.7 Pharmaceuticals
14.3.8 Pulp & Paper
14.3.9 Water & Wastewater
14.3.10 Others
14.4 Process Automation and Instrumentation Market, by Region
14.4.1 Introduction
Table 166 Process Automation and Instrumentation Market, by Region, 2016–2024 (USD Billion)
14.4.2 North America
Table 167 Process Automation and Instrumentation Market in North America, by Country, 2016–2024 (USD Billion)
14.4.2.1 US
14.4.2.2 Canada
14.4.2.3 Mexico
14.4.3 Europe
Table 168 Process Automation and Instrumentation Market in Europe, by Country, 2016–2024 (USD Billion)
14.4.3.1 Germany
14.4.3.2 UK
14.4.3.3 France
14.4.3.4 Rest of Europe
14.4.4 APAC
Table 169 Process Automation and Instrumentation Market in APAC, by Country, 2016–2024 (USD Billion)
14.4.4.1 China
14.4.4.2 Japan
14.4.4.3 India
14.4.4.4 Rest of APAC
14.4.5 Rest of the World
Table 170 Process Automation & Instrumentation Market in RoW, by Region, 2016–2024 (USD Billion)
14.4.5.1 Middle East & Africa
14.4.5.2 South America
14.5 Functional Safety Market, by Offering
14.5.1 Introduction
Table 171 Functional Safety Market, by Offering, 2016–2019 (USD Million)
Table 172 Functional Safety Market, by Offering, 2020–2025 (USD Million)
14.5.2 Services
Table 173 Functional Safety Market, by Service, 2016–2019 (USD Million)
Table 174 Functional Safety Market, by Service, 2020–2025 (USD Million)
Table 175 Functional Safety Market for Services, by Region, 2016–2019 (USD Million)
Table 176 Functional Safety Market for Services, by Region, 2020–2025 (USD Million)
Table 177 Functional Safety Market for Services, by Industry, 2016–2019 (USD Million)
Table 178 Functional Safety Market for Services, by Industry, 2020–2025 (USD Million)
14.5.2.1 Testing, Inspection, and Certification
Table 179 Functional Safety Market for Testing, Inspection, and Certification Services, by Region, 2016–2019 (USD Million)
Table 180 Functional Safety Market for Testing, Inspection, and Certification Services, by Region, 2020–2025 (USD Million)
Table 181 Functional Safety Market for Testing, Inspection, and Certification Services, by System, 2016–2019 (USD Million)
Table 182 Functional Safety Market for Testing, Inspection, and Certification Services, by System, 2020–2025 (USD Million)
14.5.2.2 Maintenance
Table 183 Functional Safety Market for Maintenance Services, by Region, 2016–2019 (USD Million)
Table 184 Functional Safety Market for Maintenance Services, by Region, 2020–2025 (USD Million)
Table 185 Functional Safety Market for Maintenance Services, by System, 2016–2019 (USD Million)
Table 186 Functional Safety Market for Maintenance Services, by System, 2020–2025 (USD Million)
14.5.2.3 Training and Consulting
Table 187 Functional Safety Market for Training and Consulting Services, by Region, 2016–2019 (USD Million)
Table 188 Functional Safety Market for Training and Consulting Services, by Region, 2020–2025 (USD Million)
Table 189 Functional Safety Market for Training and Consulting Services, by System, 2016–2019 (USD Million)
Table 190 Functional Safety Market for Training and Consulting Services, by System, 2020–2025 (USD Million)
14.6 Functional Safety Market, by Industry
14.6.1 Introduction
Table 191 Functional Safety Market, by Industry, 2016–2019 (USD Million)
Table 192 Functional Safety Market, by Industry, 2020–2025 (USD Million)
14.6.2 Oil & Gas
14.6.3 Food & Beverages
14.6.4 Pharmaceuticals
14.6.5 Chemicals
14.6.6 Power Generation
14.6.7 Metals & Mining
14.6.8 Water & Wastewater
14.6.9 Others
15 Appendix
15.1 Discussion Guide
15.2 Knowledge Store: Subscription Portal
15.3 Available Customizations
15.4 Related Reports
15.5 Author Details

Executive Summary

Companies Mentioned

  • ABB
  • Baker Hughes
  • Balluff Gmbh
  • Banner Engineering
  • Emerson Electric Co
  • Euchner
  • Fortress Interlocks (Halma plc)
  • Hima
  • Honeywell International Inc.
  • Idec Corporation
  • Johnson Controls
  • K.A. Schmersal
  • Keyence
  • Mitsubishi Electric
  • Omron Corporation
  • Paladon Systems Ltd.
  • Pilz
  • Proserv Ingenious Simplicity
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Sgs Group
  • Sick
  • Siemens
  • Velan Inc.
  • Yokogawa Electric Corporation

Methodology

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Table Information

Report AttributeDetails
No. of Pages207
PublishedMarch 2022
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 6.3 Billion
Forecasted Market Value ( USD ) by 2027 $ 8.8 Billion
Compound Annual Growth Rate6.8%
Regions CoveredGlobal
No. of Companies Mentioned25

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