The North America Workplace Safety Market would witness market growth of 9% CAGR during the forecast period (2020-2026). Industrial safety assumes a major role in practices and steps taken for ensuring occupational safety in several industries. The system helps to avoid several occupational risks and in most of the cases eradicate the causes behind industrial accidents, hence protecting personnel, the industrial environment, the equipment and assets. Across the globe, the systems for industrial safety are in huge demand in various process industries such as water & wastewater, power generation, paper & pulp, metal & mining, and food manufacturing.
The rate of workplace injuries affects the efficiency of every kind of businesses. Specifically, electrical hazards and fire hazards could harm the lives of industrial workers, seriously restricting the efficiency. The rising demand for workplace safety in several parts of the world has fuelled the adoption of industrial safety. Industrial safety processes comprise of several levels of safety shutdown systems or emergency shutdown initiating protective action during an unexpected incident. A few of the other popular industrial safety components used are pressure protection systems, turbomachinery control solutions, fire and gas monitoring systems, and burner management systems.
The significantly increasing demand for industrial safety systems in the automotive, construction, and oil & gas sectors is a major factor impacting the growth of the market positively. The stringent execution of government regulations for developing a secure work culture has given an essential impetus to the adoption of industrial safety systems. Advancements in process manufacturing industries, particularly in developing economies, have resulted in the massive adoption of industrial safety mechanisms. For example, demand for industrial safety system is increased due to a quick surge in automotive manufacturing activities across several parts of the world.
Based on Component, the market is segmented into Hardware, Software and Services. Based on System, the market is segmented into Environmental Health & Safety, Access Control & Surveillance System, Real Time Location Monitoring and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Application, the market is segmented into Incident & Emergency Management, Asset Tracking & Management, Personal Protective Equipment Detection and Others. Based on End User, the market is segmented into Industrial and Commercial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Workplace Safety Market in North America is expected to register a CAGR of 9% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Honeywell International, Inc., 3M Company, Hexagon AB, Appian Corporation, Microsoft Corporation, Robert Bosch GmbH, Amazon.com, Inc., Panasonic Corporation, and Cority Software, Inc.
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