Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Industrial Safety Products Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Industrial Safety Products Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the basis of regional implications and the world.
A detailed presentation of forecast, trends, and dollar values of international
Industrial
Safety Products Market is offered. In
accordance with the report, the Industrial Safety Products Market is projected to expand at a CAGR of 8.4% which is
expected to reach US$ 5.2Bn in 2024.
Market
Insight, Drivers, Restraints& Opportunity of the Market:
Globally,
unexpected accidents in the industries account for a significant share of the
annual accidental related deaths. With the rise in awareness towards the safety
of the workers, the market of industrial safety products has witnessed a rapid
rise within the industries. Especially, the power generation plants poses a
high risk to lives and assets so industrial safety has become the prime concern
for the industry. The basic industrial safety products include Safety Helmets,
Safety Shoes, Safety Spectacles, Fall Protection Equipment, Hearing Protection,
Life Jackets, Smoke Detectors and Safety Gloves. Moreover, there are various
safety systems used to prevent unexpected damage to the property, lives and
environment like fire & gas monitoring system, emergency shutdown and
burner management. The Emergency shutdown is very useful in stopping the
hazardous situations as it can initiate unit or plant shutdown quickly after
detecting unusual environment; and logic solvers in the system responds by
taking valves and pumps in safer state. The Burner Management System reduces
the chances of explosions in the boiler and ensures safe operations during shutdowns.
The market of industrial safety products has witnessed a significant growth due
to increasing demand for safety systems to save lives & property, strict
rules for safety regulations by the government and growing awareness for safer
workplace in hazardous industrial areas. However, high volume of fake products
and lack in technological awareness among the buyers is expected to act as a
restraint for the market. The market is expected to reach a valuation of US$ 5.2Bn in 2024 from US $ 3Bn in the year, 2019. With
the CAGR estimation of 8.4%, the research report provides a detailed overview
of the industry, classifications and application in Industrial
Safety Products Market. In the report,
North America, South America, Asia Pacific, Middle East & Africa and Europe
are the major regions taken into consideration for the geographical analysis
for micro and macro environment. This report also states import & export of
smart technologies, demand & supply figures, price, cost, revenue and gross
margins.
Segment
Covered
This market intelligence report on the Industrial
Safety Products Market has been
segmented by Industrial Safety Products, Its End User and its
components. On the basis of Industrial Safety Products,
it is divided into Fire & Gas Monitoring System, Burner Management System,
Emergency Shutdown System, Turbo Machinery Control System and High Integrity
Pressure Protection Systems. On the basis of application for end user, it is
classified into Oil & Gas Industry, Metal & Mining Industry,
Pharmaceuticals, Food & Beverages, Power Generation and Chemical Industry. In terms of components of the Industrial
Safety Products, it is divided as Safety Switches,
Programmable Safety Systems, Safety Sensors, Safety Controllers, Safety Valves,
Emergency Stop Devices and Others. North America,
South America, Asia Pacific, Middle East & Africa and Europe have been
covered in the report for the market share and growth analysis for the Industrial
Safety Products Market. As per
observation in the report, APAC is expected to have the higher growth rate
among the other global regions due to increasing industrialization and demand
for power generation plants.
Profiling
of Market Players:
There are many multinational companies are
investing in the growing market of Industrial Safety Products. Most of the companies are focusing on the large chunk of
potential consumers in the developing countries. The key players observed in
the study are – Balluff, Dunlop Boots, Uvex Safety Group, Anbu Safety, Emerson,
Yokogawa, General Electric, Johnson Controls, Euchner, Honeywell, ABB,
Rockwell, Siemens, Fortress Interlocks, Proserv Ingenious Simplicity,
Schneider, Omron, Rock Fall and Wolverine.
Report
Highlights
In-depth analysis of the micro and macro indicators,
market trends, and forecasts of demand is offered by this business intelligence
report. Furthermore, the report offers a vivid picture of the factors that are steering
and restraining the growth of this market across all geographical segments. In
addition to that, IGR-Growth Matrix analysis is alsoprovided in the report so
as to share insight of the investment areas that new or existing market players
can take into consideration. Various analytical tools such as DRO analysis,
Porter's five forces analysis has been used in this report to present a clear
picture of the market. The study focuses on the present market trends and
provides market forecast from the year 2019-2027.Emerging trends that would
shape the market demand in the years to come have been highlighted in this
report. A competitive analysis in each of the geographical segments gives an
insight into market share of the global players.
Salient
Features:
Ø This study offers a comprehensive yet detailed analysis
of the Industrial Safety Products Market, size of the market (US$ Bn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2017
as the base year
Ø It explains upcoming revenue opportunities across various
market segments and attractive matrix of investment proposition for the said
market
Ø This market intelligence report also offers pivotal insights
about various market opportunities, restraints, drivers, launch of new
products, competitive market strategies of leading market players, emerging market
trends, and regional outlook
Ø Profiling of key market players in the world of Industrial
Safety Products Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø Leading market players covered this report comprise names
such as Balluff, Dunlop Boots, Uvex Safety Group,
Anbu Safety, Emerson, Yokogawa, General Electric, Johnson Controls, Euchner,
Honeywell, ABB, Rockwell, Siemens, Fortress Interlocks, Proserv Ingenious
Simplicity, Schneider, Omron, Rock Fall and Wolverine.
Ø The data of this report would allow management
authorities and marketers of companies alike to take informed decision when it
comes to launch of products, government initiatives, marketing tactics and
expansion, and technical up gradation
Ø The world market for Industrial Safety Products Market caters to the needs of various stakeholders pertaining to
this industry, namely suppliers, product manufacturers, investors, and
distributors for Industrial Safety Products Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the
purpose of this study have been clearly elaborated so as to facilitate better
understanding of the reports
Ø Reports have been made based on the guidelines as
mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken
into consideration before coming to a conclusion
Reasons
to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Industrial Safety Products Market
v Identification of key factors driving investment
opportunities in the Industrial Safety Products Market facilitate decision-making based on strong historic and
forecast data
v Position yourself to gain the maximum advantage of the
industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy
and prospects
v Identify key strengths and weaknesses of important market
participants