The industrial safety solutions are loss prevention measures that are put in place to avert any unforeseen accidents and to ensure workplace safety as well as protection of assets. The solutions are, inclusive of but not limited to, logic solvers, sensors and final control elements.
According to the report, the industrial safety market is projected to grow at a CAGR of 7.72% during the forecast period 2018-2024. The growth of the industrial safety market is driven by government regulations likeEU Machinery Directives and North America’s OSHA that mandates the adoption and implementation of industrial safety solutions. Besides, advancements in technologies and growing demand from emerging economies and developing nations are also major drivers of this market. Nevertheless, there are a few factors that restrain the growth of the market. The North American market has a significant share of the market, Europe, on the other hand, is catching up. In the coming years, there would be a substantial demand from the APAC region.
With regards to various products that come under the purview of this market, the fire and gas monitoring and control systems have emerged inseverable from loss prevention endeavors since this early warning system continuously monitors toxic gas leakages or fire. Owing to the aforesaid, the market share for this product is estimated to grow during the forecast period.
Some of the major players covered as part of the report are, ABB, Emerson Electric Co, GE, HIMA Paul Hildebrandt GmbH, Honeywell International Inc, Rockwell Automation, Inc., Schneider Electric, Siemens, TYCO (a subsidiary of Johnson Controls) and Yokogawa Electric Corporation, among others.
Segmentation
• By Product
o Fire and Gas Monitoring and Control
o Burner Management Systems (BMS)
o Turbomachinery Control (TMC)
o High Integrity Pressure Protection Systems (HIPPS)
o Emergency Shutdown Systems (ESD)

• By Component
o Safety Sensors
o Safety Controllers/Module/Relays
o Emergency Stop Devices
o Safety Switches
o Programmable Safety Systems
o Others


• By end-use industry
o Oil and Gas
o Healthcare
o Mining
o Manufacturing
o Power Generation
o Paper and Pulp
o Energy and Power
o Chemicals
o Others

• By geography

o North America
 USA
 Canada
 Mexico

o South America
 Brazil
 Argentina
 Others

o Europe
 Germany
 France
 United Kingdom
 Italy
 Others

o Middle East and Africa
 Saudi Arabia
 Israel
 Others

o Asia Pacific
 China
 Japan
 South Korea
 India
 Others

View a sample of the report or purchase a complete study athttps://www.knowledge-sourcing.com/report/industrial-safety-market

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