The North America Industrial Safety Market would witness market growth of 6.4% CAGR during the forecast period (2022-2028).
Finding & eliminating risks before they occur is an important aspect of enhancing safety. It could be something as easy as double-checking the guardrails to something as complex as hiring a third-party vendor to check the fire suppression equipment. In all circumstances, having a detailed plan of inspections and responsibilities is beneficial. It's easy for items to slide between the gaps with conventional maintenance management tracking, which relies on paper or spreadsheets. Industrial safety is concerned with filling all these gaps in safety and making the production process in an industry safe for the workers.
The market is driven by factors such as safety requirements, the need for safety in the oil & gas industry, and the fourth industrial revolution. Many industries were obliged by mandatory industrial safety rules to construct safety systems using safety sensors & relays for employee and asset safety. Because of the dangerous environment, the oil and gas industry's growth needs a robust safety system. As a result, this industry accounts for the majority of the market for industrial safety. The industrial safety industry is predicted to rise as new technologies emerge, such as the Internet of Things and Artificial Intelligence, and their integration with the system accelerates. The expensive investment in automation and equipment maintenance in hazardous environments, on the other hand, limits the growth of the industrial safety industry. The rise in smart city construction in emerging economies around the world bodes well for the industrial safety market in the future
The demand for new workplace safety solutions is fueled by the existence of innovative technology suppliers and tech-savvy consumers. Stringent government regulations and safety standards are among the primary reasons boosting the workplace safety market growth in North America. Workplace safety vendors in the region might benefit from the rising integration of modern technologies & smart sensors in workplace safety to monitor & track equipment. Different labor safety organizations, such as the United States Department of Labor’s Occupational Safety and Health Administration (OSHA), have established regulatory frameworks that would enable market growth all over North America.
The problem of industrial safety in the United States has developed in lockstep with the country's industrial development. The enactment of workers' compensation laws around the turn of the twentieth century, as well as the Occupational Safety and Health Act of 1970, were both significant. Over time, the focus on industrial safety has shifted from compensation to prevention, with a greater focus on resolving the long-term consequences of workplace risks.
The US market dominated the North America Industrial Safety Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,869.4 million by 2028. The Canada market is estimated to grow at a CAGR of 8.9% during (2022 - 2028). Additionally, The Mexico market would display a CAGR of 7.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Industrial Safety Market is Estimated 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:
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Industrial Safety Market, by Type
1.4.2 North America Industrial Safety Market, by Industry
1.4.3 North America Industrial Safety Market, by Component
1.4.4 North America 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. North America Industrial Safety Market by Type
4.1 North America Machine Safety Market by Country
4.2 North America Worker Safety Market by Country
Chapter 5. North America Industrial Safety Market by Industry
5.1 North America Automotive Market by Country
5.2 North America Food & Beverages Market by Country
5.3 North America Chemicals Market by Country
5.4 North America Semiconductor Market by Country
5.5 North America Aerospace & Defense Market by Country
5.6 North America Healthcare & Life Sciences Market by Country
5.7 North America Metals & Mining Market by Country
5.8 North America Energy & Power Market by Country
5.9 North America Oil & Gas Market by Country
5.1 North America Other Industry Market by Country
Chapter 6. North America Industrial Safety Market by Component
6.1 North America Presence Sensing Safety Sensors Market by Country
6.2 North America Safety Controllers/ Modules/ Relays Market by Country
6.3 North America Programmable Safety Systems Market by Country
6.4 North America Safety Interlock Switches Market by Country
6.5 North America Emergency Stop Controls Market by Country
6.6 North America Two-Hand Safety Controls Market by Country
6.7 North America Others Market by Country
Chapter 7. North America Industrial Safety Market by Country
7.1 US Industrial Safety Market
7.1.1 US Industrial Safety Market by Type
7.1.2 US Industrial Safety Market by Industry
7.1.3 US Industrial Safety Market by Component
7.2 Canada Industrial Safety Market
7.2.1 Canada Industrial Safety Market by Type
7.2.2 Canada Industrial Safety Market by Industry
7.2.3 Canada Industrial Safety Market by Component
7.3 Mexico Industrial Safety Market
7.3.1 Mexico Industrial Safety Market by Type
7.3.2 Mexico Industrial Safety Market by Industry
7.3.3 Mexico Industrial Safety Market by Component
7.4 Rest of North America Industrial Safety Market
7.4.1 Rest of North America Industrial Safety Market by Type
7.4.2 Rest of North America Industrial Safety Market by Industry
7.4.3 Rest of North America 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 North America Industrial Safety Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Industrial Safety Market by Type, 2018 - 2021, USD Million
TABLE 7 North America Industrial Safety Market by Type, 2022 - 2028, USD Million
TABLE 8 North America Machine Safety Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Machine Safety Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Worker Safety Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Worker Safety Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Industrial Safety Market by Industry, 2018 - 2021, USD Million
TABLE 13 North America Industrial Safety Market by Industry, 2022 - 2028, USD Million
TABLE 14 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Chemicals Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Chemicals Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Semiconductor Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Semiconductor Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Metals & Mining Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Metals & Mining Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Energy & Power Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Energy & Power Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Other Industry Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Other Industry Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Industrial Safety Market by Component, 2018 - 2021, USD Million
TABLE 35 North America Industrial Safety Market by Component, 2022 - 2028, USD Million
TABLE 36 North America Presence Sensing Safety Sensors Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Presence Sensing Safety Sensors Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Safety Controllers/ Modules/ Relays Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Safety Controllers/ Modules/ Relays Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Programmable Safety Systems Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Programmable Safety Systems Market by Country, 2022 - 2028, USD Million
TABLE 42 North America Safety Interlock Switches Market by Country, 2018 - 2021, USD Million
TABLE 43 North America Safety Interlock Switches Market by Country, 2022 - 2028, USD Million
TABLE 44 North America Emergency Stop Controls Market by Country, 2018 - 2021, USD Million
TABLE 45 North America Emergency Stop Controls Market by Country, 2022 - 2028, USD Million
TABLE 46 North America Two-Hand Safety Controls Market by Country, 2018 - 2021, USD Million
TABLE 47 North America Two-Hand Safety Controls Market by Country, 2022 - 2028, USD Million
TABLE 48 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 49 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 50 North America Industrial Safety Market by Country, 2018 - 2021, USD Million
TABLE 51 North America Industrial Safety Market by Country, 2022 - 2028, USD Million
TABLE 52 US Industrial Safety Market, 2018 - 2021, USD Million
TABLE 53 US Industrial Safety Market, 2022 - 2028, USD Million
TABLE 54 US Industrial Safety Market by Type, 2018 - 2021, USD Million
TABLE 55 US Industrial Safety Market by Type, 2022 - 2028, USD Million
TABLE 56 US Industrial Safety Market by Industry, 2018 - 2021, USD Million
TABLE 57 US Industrial Safety Market by Industry, 2022 - 2028, USD Million
TABLE 58 US Industrial Safety Market by Component, 2018 - 2021, USD Million
TABLE 59 US Industrial Safety Market by Component, 2022 - 2028, USD Million
TABLE 60 Canada Industrial Safety Market, 2018 - 2021, USD Million
TABLE 61 Canada Industrial Safety Market, 2022 - 2028, USD Million
TABLE 62 Canada Industrial Safety Market by Type, 2018 - 2021, USD Million
TABLE 63 Canada Industrial Safety Market by Type, 2022 - 2028, USD Million
TABLE 64 Canada Industrial Safety Market by Industry, 2018 - 2021, USD Million
TABLE 65 Canada Industrial Safety Market by Industry, 2022 - 2028, USD Million
TABLE 66 Canada Industrial Safety Market by Component, 2018 - 2021, USD Million
TABLE 67 Canada Industrial Safety Market by Component, 2022 - 2028, USD Million
TABLE 68 Mexico Industrial Safety Market, 2018 - 2021, USD Million
TABLE 69 Mexico Industrial Safety Market, 2022 - 2028, USD Million
TABLE 70 Mexico Industrial Safety Market by Type, 2018 - 2021, USD Million
TABLE 71 Mexico Industrial Safety Market by Type, 2022 - 2028, USD Million
TABLE 72 Mexico Industrial Safety Market by Industry, 2018 - 2021, USD Million
TABLE 73 Mexico Industrial Safety Market by Industry, 2022 - 2028, USD Million
TABLE 74 Mexico Industrial Safety Market by Component, 2018 - 2021, USD Million
TABLE 75 Mexico Industrial Safety Market by Component, 2022 - 2028, USD Million
TABLE 76 Rest of North America Industrial Safety Market, 2018 - 2021, USD Million
TABLE 77 Rest of North America Industrial Safety Market, 2022 - 2028, USD Million
TABLE 78 Rest of North America Industrial Safety Market by Type, 2018 - 2021, USD Million
TABLE 79 Rest of North America Industrial Safety Market by Type, 2022 - 2028, USD Million
TABLE 80 Rest of North America Industrial Safety Market by Industry, 2018 - 2021, USD Million
TABLE 81 Rest of North America Industrial Safety Market by Industry, 2022 - 2028, USD Million
TABLE 82 Rest of North America Industrial Safety Market by Component, 2018 - 2021, USD Million
TABLE 83 Rest of North America Industrial Safety Market by Component, 2022 - 2028, USD Million
TABLE 84 Key Information – SCHNEIDER ELECTRIC SE
TABLE 85 Key Information – Honeywell International, Inc.
TABLE 86 Key Information – ABB Group
TABLE 87 Key Information – Rockwell Automation, Inc.
TABLE 88 Key Information – Siemens AG
TABLE 89 Key Information – Emerson Electric Co.
TABLE 90 Key Information – Baker Hughes Company
TABLE 91 Key Information – HIMA PAUL HILDEBRANDT GMBH
TABLE 92 Key Information – YOKOGAWA ELECTRIC CORPORATION
TABLE 93 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