LAMEA Industrial Safety Market Size, Share & Industry Trends Analysis Report By Type (Machine Safety and Worker Safety), By Industry, By Component, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Industrial Safety Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
Different systems, like emergency shutdown systems, fire & gas monitoring, and pressure protection, are utilized in a variety of industry verticals, including oil and gas, pharmaceuticals, food and beverage, chemicals, and metals & mining, among others. Additionally, people who are truly injured lose a significant amount of production time owing to temporary & permanent disability, as well as those who assist those who are actually injured.
Safety sensors, switches, relays, and safety valves are among the different components utilized in industrial safety applications.. In addition, the globalization of economies has created shared platforms for businesses, resulting in increased competitiveness, allowing them to invest in this area to reach manufacturing proficiency.
Employers in both the public & private sectors are mandated to provide insurance to their employees in the emirates of Abu Dhabi and Dubai. Government employers are required to provide insurance to their employees in the emirates of Sharjah & Ajman. Employers must designate at least one physician to assess employees who are exposed to the risk of getting one of the occupational diseases at least once every six months. The results of such an examination should be kept in the files of the personnel. During the summer, construction & industrial workers are not allowed to work during the warmest hours of the day. If a company is found to have employees working during the allocated break period, each employee will be penalized.
Health and safety regulations are also enforced by the Ministry of Human Resources & Emiratisation. It is responsible for enforcing occupational health & safety on a federal level through its compliance inspection program. The police are frequently involved in large accident investigations within industrial organizations & on building sites, and they decide whether or not to report any prosecutions. Inspectors from the Ministry of Human Resources & Emiratisation can conduct on-site inspections and issue fines or rectification letters to businesses for health & safety violations, irrespective of whether or not a workplace accident has happened.
The Brazil market dominated the LAMEA Industrial Safety Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $187.8 million by 2028. The Argentina market is experiencing a CAGR of 10.1% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 9.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Industrial Safety Market is Predict to reach $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:
- Machine Safety
- Worker Safety
- Food & Beverages
- Aerospace & Defense
- Healthcare & Life Sciences
- Metals & Mining
- Energy & Power
- Oil & Gas
- Presence Sensing Safety Sensors
- Safety Controllers/ Modules/ Relays
- Programmable Safety Systems
- Safety Interlock Switches
- Emergency Stop Controls
- Two-Hand Safety Controls
- Saudi Arabia
- South Africa
- Rest of LAMEA
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
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