The Europe Industrial Safety Market would witness market growth of 6.3% CAGR during the forecast period (2022-2028).
Since construction is such a high-risk business, a construction safety management plan must incorporate all safety standards and procedures for each activity on the job site, with a different plan for each project. There are health & safety hazards at every turn on a construction site, including dangerous equipment, perilous heights, electricity and water, and deadly silica dust. When working with older structures, asbestos is frequently present. Companies can reduce these risks by providing appropriate PPE, such as gloves, masks, and hard hats. Provision of non-slip surfaces both inside and out to prevent slips, and creation of guardrails to avoid falls, and finally, making sure that all protective equipment is inspected regularly should be the duty of every company.
Electrical injuries are often fatal, although being less prevalent than other types, which is why OSHA considers them to be "a long-time major workplace danger." A company needs regulations regarding using the correct tools, keeping equipment apart from energy sources, & only working on electrical equipment when it is de-energized to safeguard personnel from electrocution, electric shock, fires, & explosions. Failure to equip the proper safety equipment might result in serious injury or even death. However, the damage is not restricted to people. Production halts, prolonged investigations, and criminal and civil action can all lead to the termination of a career.
The European Agency's objective to make Europe's workplaces healthier, safer, & more productive will have a beneficial impact on the industrial safety market. Following a request from the European Commission, a 'harmonized standard' is a standard adopted by one of the European standardization organizations – the European Committee for Standardization (CEN), European Telecommunications Standards Institute (ETSI), and European Committee for Electro technical Standardization (CENELEC).
The so-called "New Approach" is a novel approach to technical harmonization that divides responsibility between European legislators and European standards bodies. The essential concepts that underpin the 'New Approach' are as follows: European regulations specify the "basic requirements" for ensuring a high degree of health, safety, consumer protection, and environmental protection. Article 114 of the Treaty on the Functioning of the European Union (ex. Article 95 TEC), which provides for the acceptance of measures to enhance the free movement of goods, is the basis for such directives under the new approach. The European standardization organizations are in charge of drafting the necessary harmonized standards that meet the necessary needs of products established by the directives (CEN, CENELEC, and ETSI).
The Germany market dominated the Europe Industrial Safety Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $630.4 million by 2028. The UK market is poised to grow at a CAGR of 5.4% during (2022 - 2028). Additionally, The France market would witness a CAGR of 7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Industrial Safety Market Size will Hit $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.
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