The Asia Pacific Industrial Safety Market would witness market growth of 7.3% CAGR during the forecast period (2022-2028).
In many circumstances, businesses are not only ethically obligated to protect their employees from any threats, but they are also financially and legally accountable to do so. Safety precautions are heavily controlled by federal and state agencies in most industrial settings, a compliance system that many corporate leaders despise. Part of the reason for the high regulatory load is the complicated & critical nature of safety concerns. Some argue that smaller businesses, in particular, would struggle to remain on top of the plethora of safety issues if it weren't for legislative obligations, which, in theory, teach employers about workplace hazards. But, the maze of safety laws & regulations has grown in reaction to a long history of corporate opposition to implementing comprehensive, proactive safety measures and giving proper compensation after an injury. Businesses have a strong tendency to put the least effort as possible in these areas unless forced by legislation or organized labor.
Government initiatives in India, like "Make in India," are expected to boost the manufacturing industry's growth, in return boosting the demand for industrial safety in the country. In the next years, the Asia Pacific market will be driven by local government-implemented machine safety laws and requirements. China isn't immune to the growing trend of boosting workplace safety & regulating firms and employees' working conditions. Employee & workplace safety in China is governed by the People's Republic of China's State Administration of Workplace Safety, which is governed by the People's Republic of China's Workplace Safety Law. This is especially essential given China's rapid transformation into the "world's factory," Thousands of Western companies manufacture goods for sale in China, and the standards & regulations they operate under are not always the like the workplace safety measures or regulatory regimes in other nations.
The China market dominated the Asia Pacific Industrial Safety Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $962.2 million by 2028. The Japan market is anticipated to grow at a CAGR of 6.7% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 8% during (2022 - 2028).
Based on Type, the market is segmented into Machine Safety and Worker Safety. Based on Industry, the market is segmented into Automotive, Food & Beverages, Chemicals, Semiconductor, Aerospace & Defense, Healthcare & Life Sciences, Metals & Mining, Energy & Power, Oil & Gas, and Others. Based on Component, the market is segmented into Presence Sensing Safety Sensors, Safety Controllers/ Modules/ Relays, Programmable Safety Systems, Safety Interlock Switches, Emergency Stop Controls, Two-Hand Safety Controls, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Industrial Safety Market is Projected to reach USD 9.5 Billion by 2028, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, Yokogawa Electric Corporation, HIMA Paul Hildebrandt GmbH, Baker Hughes Company, Emerson Electric Co., Siemens AG, Rockwell Automation, Inc., ABB Group, Honeywell International, Inc., and Schneider Electric SE.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Machine Safety
- Worker Safety
By Industry
- Automotive
- Food & Beverages
- Chemicals
- Semiconductor
- Aerospace & Defense
- Healthcare & Life Sciences
- Metals & Mining
- Energy & Power
- Oil & Gas
- Others
By Component
- Presence Sensing Safety Sensors
- Safety Controllers/ Modules/ Relays
- Programmable Safety Systems
- Safety Interlock Switches
- Emergency Stop Controls
- Two-Hand Safety Controls
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Omron Corporation
- Yokogawa Electric Corporation
- HIMA Paul Hildebrandt GmbH
- Baker Hughes Company
- Emerson Electric Co.
- Siemens AG
- Rockwell Automation, Inc.
- ABB Group
- Honeywell International, Inc.
- Schneider Electric SE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Industrial Safety Market, by Type
1.4.2 Asia Pacific Industrial Safety Market, by Industry
1.4.3 Asia Pacific Industrial Safety Market, by Component
1.4.4 Asia Pacific Industrial Safety Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Jan – 2022, Mar) Leading Players
Chapter 4. Asia Pacific Industrial Safety Market by Type
4.1 Asia Pacific Machine Safety Market by Country
4.2 Asia Pacific Worker Safety Market by Country
Chapter 5. Asia Pacific Industrial Safety Market by Industry
5.1 Asia Pacific Automotive Market by Country
5.2 Asia Pacific Food & Beverages Market by Country
5.3 Asia Pacific Chemicals Market by Country
5.4 Asia Pacific Semiconductor Market by Country
5.5 Asia Pacific Aerospace & Defense Market by Country
5.6 Asia Pacific Healthcare & Life Sciences Market by Country
5.7 Asia Pacific Metals & Mining Market by Country
5.8 Asia Pacific Energy & Power Market by Country
5.9 Asia Pacific Oil & Gas Market by Country
5.1 Asia Pacific Other Industry Market by Country
Chapter 6. Asia Pacific Industrial Safety Market by Component
6.1 Asia Pacific Presence Sensing Safety Sensors Market by Country
6.2 Asia Pacific Safety Controllers/ Modules/ Relays Market by Country
6.3 Asia Pacific Programmable Safety Systems Market by Country
6.4 Asia Pacific Safety Interlock Switches Market by Country
6.5 Asia Pacific Emergency Stop Controls Market by Country
6.6 Asia Pacific Two-Hand Safety Controls Market by Country
6.7 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Industrial Safety Market by Country
7.1 China Industrial Safety Market
7.1.1 China Industrial Safety Market by Type
7.1.2 China Industrial Safety Market by Industry
7.1.3 China Industrial Safety Market by Component
7.2 Japan Industrial Safety Market
7.2.1 Japan Industrial Safety Market by Type
7.2.2 Japan Industrial Safety Market by Industry
7.2.3 Japan Industrial Safety Market by Component
7.3 India Industrial Safety Market
7.3.1 India Industrial Safety Market by Type
7.3.2 India Industrial Safety Market by Industry
7.3.3 India Industrial Safety Market by Component
7.4 South Korea Industrial Safety Market
7.4.1 South Korea Industrial Safety Market by Type
7.4.2 South Korea Industrial Safety Market by Industry
7.4.3 South Korea Industrial Safety Market by Component
7.5 Singapore Industrial Safety Market
7.5.1 Singapore Industrial Safety Market by Type
7.5.2 Singapore Industrial Safety Market by Industry
7.5.3 Singapore Industrial Safety Market by Component
7.6 Malaysia Industrial Safety Market
7.6.1 Malaysia Industrial Safety Market by Type
7.6.2 Malaysia Industrial Safety Market by Industry
7.6.3 Malaysia Industrial Safety Market by Component
7.7 Rest of Asia Pacific Industrial Safety Market
7.7.1 Rest of Asia Pacific Industrial Safety Market by Type
7.7.2 Rest of Asia Pacific Industrial Safety Market by Industry
7.7.3 Rest of Asia Pacific Industrial Safety Market by Component
Chapter 8. Company Profiles
8.1 Schneider Electric SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.2 Honeywell International, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.3 ABB Group
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.4 Rockwell Automation, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.5 Siemens AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisition and Mergers:
8.6 Emerson Electric Co.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 Baker Hughes Company
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.8 HIMA Paul Hildebrandt GmbH
8.8.1 Company Overview
8.8.1 Recent strategies and developments:
8.8.1.1 Partnerships, Collaborations, and Agreements:
8.8.1.2 Product Launches and Product Expansions:
8.9 Yokogawa Electric Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Product Launches and Product Expansions:
8.9.5.2 Acquisition and Mergers:
8.10. Omron Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Industrial Safety Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Industrial Safety Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Industrial Safety Market
TABLE 4 Product Launches And Product Expansions– Industrial Safety Market
TABLE 5 Acquisition and Mergers– Industrial Safety Market
TABLE 6 Asia Pacific Industrial Safety Market by Type, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Industrial Safety Market by Type, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Machine Safety Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Machine Safety Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Worker Safety Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Worker Safety Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Industrial Safety Market by Industry, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Industrial Safety Market by Industry, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Automotive Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Automotive Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Chemicals Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Chemicals Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Semiconductor Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Semiconductor Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Metals & Mining Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Metals & Mining Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Energy & Power Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Energy & Power Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Other Industry Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Other Industry Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Industrial Safety Market by Component, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Industrial Safety Market by Component, 2022 - 2028, USD Million
TABLE 36 Asia Pacific Presence Sensing Safety Sensors Market by Country, 2018 - 2021, USD Million
TABLE 37 Asia Pacific Presence Sensing Safety Sensors Market by Country, 2022 - 2028, USD Million
TABLE 38 Asia Pacific Safety Controllers/ Modules/ Relays Market by Country, 2018 - 2021, USD Million
TABLE 39 Asia Pacific Safety Controllers/ Modules/ Relays Market by Country, 2022 - 2028, USD Million
TABLE 40 Asia Pacific Programmable Safety Systems Market by Country, 2018 - 2021, USD Million
TABLE 41 Asia Pacific Programmable Safety Systems Market by Country, 2022 - 2028, USD Million
TABLE 42 Asia Pacific Safety Interlock Switches Market by Country, 2018 - 2021, USD Million
TABLE 43 Asia Pacific Safety Interlock Switches Market by Country, 2022 - 2028, USD Million
TABLE 44 Asia Pacific Emergency Stop Controls Market by Country, 2018 - 2021, USD Million
TABLE 45 Asia Pacific Emergency Stop Controls Market by Country, 2022 - 2028, USD Million
TABLE 46 Asia Pacific Two-Hand Safety Controls Market by Country, 2018 - 2021, USD Million
TABLE 47 Asia Pacific Two-Hand Safety Controls Market by Country, 2022 - 2028, USD Million
TABLE 48 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 49 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 50 Asia Pacific Industrial Safety Market by Country, 2018 - 2021, USD Million
TABLE 51 Asia Pacific Industrial Safety Market by Country, 2022 - 2028, USD Million
TABLE 52 China Industrial Safety Market, 2018 - 2021, USD Million
TABLE 53 China Industrial Safety Market, 2022 - 2028, USD Million
TABLE 54 China Industrial Safety Market by Type, 2018 - 2021, USD Million
TABLE 55 China Industrial Safety Market by Type, 2022 - 2028, USD Million
TABLE 56 China Industrial Safety Market by Industry, 2018 - 2021, USD Million
TABLE 57 China Industrial Safety Market by Industry, 2022 - 2028, USD Million
TABLE 58 China Industrial Safety Market by Component, 2018 - 2021, USD Million
TABLE 59 China Industrial Safety Market by Component, 2022 - 2028, USD Million
TABLE 60 Japan Industrial Safety Market, 2018 - 2021, USD Million
TABLE 61 Japan Industrial Safety Market, 2022 - 2028, USD Million
TABLE 62 Japan Industrial Safety Market by Type, 2018 - 2021, USD Million
TABLE 63 Japan Industrial Safety Market by Type, 2022 - 2028, USD Million
TABLE 64 Japan Industrial Safety Market by Industry, 2018 - 2021, USD Million
TABLE 65 Japan Industrial Safety Market by Industry, 2022 - 2028, USD Million
TABLE 66 Japan Industrial Safety Market by Component, 2018 - 2021, USD Million
TABLE 67 Japan Industrial Safety Market by Component, 2022 - 2028, USD Million
TABLE 68 India Industrial Safety Market, 2018 - 2021, USD Million
TABLE 69 India Industrial Safety Market, 2022 - 2028, USD Million
TABLE 70 India Industrial Safety Market by Type, 2018 - 2021, USD Million
TABLE 71 India Industrial Safety Market by Type, 2022 - 2028, USD Million
TABLE 72 India Industrial Safety Market by Industry, 2018 - 2021, USD Million
TABLE 73 India Industrial Safety Market by Industry, 2022 - 2028, USD Million
TABLE 74 India Industrial Safety Market by Component, 2018 - 2021, USD Million
TABLE 75 India Industrial Safety Market by Component, 2022 - 2028, USD Million
TABLE 76 South Korea Industrial Safety Market, 2018 - 2021, USD Million
TABLE 77 South Korea Industrial Safety Market, 2022 - 2028, USD Million
TABLE 78 South Korea Industrial Safety Market by Type, 2018 - 2021, USD Million
TABLE 79 South Korea Industrial Safety Market by Type, 2022 - 2028, USD Million
TABLE 80 South Korea Industrial Safety Market by Industry, 2018 - 2021, USD Million
TABLE 81 South Korea Industrial Safety Market by Industry, 2022 - 2028, USD Million
TABLE 82 South Korea Industrial Safety Market by Component, 2018 - 2021, USD Million
TABLE 83 South Korea Industrial Safety Market by Component, 2022 - 2028, USD Million
TABLE 84 Singapore Industrial Safety Market, 2018 - 2021, USD Million
TABLE 85 Singapore Industrial Safety Market, 2022 - 2028, USD Million
TABLE 86 Singapore Industrial Safety Market by Type, 2018 - 2021, USD Million
TABLE 87 Singapore Industrial Safety Market by Type, 2022 - 2028, USD Million
TABLE 88 Singapore Industrial Safety Market by Industry, 2018 - 2021, USD Million
TABLE 89 Singapore Industrial Safety Market by Industry, 2022 - 2028, USD Million
TABLE 90 Singapore Industrial Safety Market by Component, 2018 - 2021, USD Million
TABLE 91 Singapore Industrial Safety Market by Component, 2022 - 2028, USD Million
TABLE 92 Malaysia Industrial Safety Market, 2018 - 2021, USD Million
TABLE 93 Malaysia Industrial Safety Market, 2022 - 2028, USD Million
TABLE 94 Malaysia Industrial Safety Market by Type, 2018 - 2021, USD Million
TABLE 95 Malaysia Industrial Safety Market by Type, 2022 - 2028, USD Million
TABLE 96 Malaysia Industrial Safety Market by Industry, 2018 - 2021, USD Million
TABLE 97 Malaysia Industrial Safety Market by Industry, 2022 - 2028, USD Million
TABLE 98 Malaysia Industrial Safety Market by Component, 2018 - 2021, USD Million
TABLE 99 Malaysia Industrial Safety Market by Component, 2022 - 2028, USD Million
TABLE 100 Rest of Asia Pacific Industrial Safety Market, 2018 - 2021, USD Million
TABLE 101 Rest of Asia Pacific Industrial Safety Market, 2022 - 2028, USD Million
TABLE 102 Rest of Asia Pacific Industrial Safety Market by Type, 2018 - 2021, USD Million
TABLE 103 Rest of Asia Pacific Industrial Safety Market by Type, 2022 - 2028, USD Million
TABLE 104 Rest of Asia Pacific Industrial Safety Market by Industry, 2018 - 2021, USD Million
TABLE 105 Rest of Asia Pacific Industrial Safety Market by Industry, 2022 - 2028, USD Million
TABLE 106 Rest of Asia Pacific Industrial Safety Market by Component, 2018 - 2021, USD Million
TABLE 107 Rest of Asia Pacific Industrial Safety Market by Component, 2022 - 2028, USD Million
TABLE 108 Key Information – SCHNEIDER ELECTRIC SE
TABLE 109 Key Information – Honeywell International, Inc.
TABLE 110 Key Information – ABB Group
TABLE 111 Key Information – Rockwell Automation, Inc.
TABLE 112 Key Information – Siemens AG
TABLE 113 Key Information – Emerson Electric Co.
TABLE 114 Key Information – Baker Hughes Company
TABLE 115 Key Information – HIMA PAUL HILDEBRANDT GMBH
TABLE 116 Key Information – YOKOGAWA ELECTRIC CORPORATION
TABLE 117 Key Information – OMRON CORPORATION
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2019, Jan – 2022, Mar) Leading Players
FIG 5 Recent strategies and developments: Schneider Electric SE
FIG 6 Recent strategies and developments: Honeywell International, Inc.
FIG 7 Recent strategies and developments: ABB Group
FIG 8 Recent strategies and developments: Siemens AG
FIG 9 Recent strategies and developments: HIMA Paul Hildebrandt GmbH
FIG 10 Recent strategies and developments: Yokogawa Electric Corporation