Industrial Safety Market

Industrial Safety Market with COVID-19 Impact by Component (Presence Sensing Sensors, Safety Switches, Programmable Safety Systems, Emergency Stop Devices), System (ESD, HIPPS, TMC, BMS, and F&GM), Industry, and Region - Global Forecast to 2025

Report Code: SE 3294 Aug, 2020, by marketsandmarkets.com

[235 Pages Report] The industrial safety market is projected to grow from USD 5.6 billion in 2020 to USD 7.7 billion by 2025; it is expected to grow at a CAGR of 6.7% from 2020 to 2025. The growth of the industrial safety market is driven by the high requirement for reliable safety systems to ensure personal and asset protection, and strict mandates for safety regulations.

Industrial Safety Market

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COVID-19 impact on the industrial safety market

However, due to the impact of COVID-19, the market is expected to take a huge hit. In the current situation, manufacturers are gradually realizing the importance of industrial safety more than ever. But due to lockdowns across countries, companies are facing severe cash flow issues and are deferring new projects related to the implementation of industrial safety. However, a few technologies are in high demand as they are essential for the smooth running of digital manufacturing facilities amid the lockdown. Most industries are affected by supply chain disruptions worldwide. Medical devices and pharmaceutical industries are striving hard to cater to needs in various regions. Pharmaceuticals and food & beverage industries are typically considered to manufacture essential goods; therefore, their manufacturing facilities cannot be shut. Thus, these industries are expected to give rise to a high demand for industrial safety solutions.

COVID-19 has been spreading across the world, starting from APAC, then moving to Europe, and currently accelerating in North America. COVID-19 has affected nearly all continents; however, the US, Russia, Brazil, India, UK, Spain, Italy, and Germany have experienced a sharp increase in diagnosed cases. Globalization and interconnected economies of most countries would be affected due to COVID-19.

Market Dynamics

Driver: Strict mandates for safety regulations

Mandates for safety regulations play a significant role in the growth of the industrial safety market. The US government and governments of countries in Europe are undertaking constructive measures to prevent accidents by enforcing regulations related to personnel and process safety and installing certified equipment, including explosion-proof sensors, switches, and actuators in hazardous locations. However, organizations such as Occupational Safety and Health Administration (OSHA), International Electrotechnical Commission (IEC), International Standard Organization (ISO), and American National Standards Institute (ANSI) have implemented safety standards and regulatory measures to monitor and enhance the efficiency of industrial processes. Machine safety regulations, such as EU Machinery Directives and North America’s OSHA regulations, have helped drive the growth of the industrial safety product market.  

Restraint: High investments required for automation and installing industrial safety systems

Industrial safety systems are required to be installed as a safety measure for safeguarding employees, machines, and production lines in an emergency situation. The price of industrial safety components, installation cost, and maintenance and repair costs put a substantial burden on the organizational budget. Though large organizations can manage these expenses, it can be difficult for small and medium-sized organizations. In addition, industrial safety has to comply with regulatory standards. The safety standards are frequently updated according to the technological advancements and new mandates, resulting in the obligation on organizations to upgrade their safety systems. This upgrading requires additional investments in safety components and systems. Therefore, this factor acts as a restraint, especially for small and medium-scale industries.

Opportunity: Increasing usage of Industrial Internet of Things

IIoT is creating new opportunities for integrated safety and compliance services. IIoT can acquire data from sensors that measure pressure, level, flow, temperature, and vibration, and send this collected information to monitoring systems. The data is transmitted through wired and wireless networks that provide real-time analysis, alerts, and possible solutions in case of any emergency situation. Using IIoT, companies can integrate their processes with safety systems and can monitor the same in real time. IIoT facilitates quick monitoring, analysis, and control, offering virtual management of physical systems, which ultimately results in performance improvement. With the increasing adoption of IIoT, the demand for industrial safety is expected to grow during the forecast period.

Challenge: Supply chain disruptions due to lockdown and social distancing norms

A few companies have completely stopped their manufacturing operations, which has disrupted the supply chain. Social distancing is also being observed in other parts of the manufacturing ecosystem, including transportation. Supplying essential manufacturing components and raw materials to regions where complete lockdown and sealing have been carried out has become difficult. This further brings commercial activities to a standstill, thereby negatively affecting the growth of the market, especially in the manufacturing sector.

The presense sensing sensors component of the industrial safety market is projected to to hold largest market share of industrial safety market from 2020 to 2025.

The presense sensing sensor market is expect to hold the largest market share owing to the  need for security requirements for protecting workers and production units from any accidents mandated by the strict industrial safety regulations based on the national and international standards. Moreover  the  factors such as the rise in industrial revolution 4.0, increasing need for safety light curtains in the packaging industry powered by robotics, and rising incidents of accidents in industries are driving the demand for presence sensing safety sensors of industrial safety market.

The industrial safety market for energy & power industry  is projected to grow at the highest CAGR during the forecast period.

The industrial safety market for energy & power industry  is projected to grow at the highest CAGR during the forecast period owing to rapidly growing global demand for energy is pushing the energy & power industry to utilize available resources efficiently and reduce asset downtime while enhancing their performance. To that end, the industry needs solutions that can enable optimizing production processes and minimizing asset maintenance costs by providing required safety. Power generation plants involve potential high risks for the health and lives of personnel as well as for the environment in and outside the plants. Therefore, a high level of industrial safety is required for such plants. Industrial safety contributes essentially to the safety of power generation plants.

The industrial safety market in APAC is projected to grow at the highest CAGR during the forecast period.

APAC is likely to be the fastest-growing region in the industrial safety market. Countries such as China and India are witnessing rising demand for industrial safety. COVID-19 forced lockdowns across APAC. The supply chains in and around APAC have been disrupted, which has resulted in limited permissible transportation. Asian countries under lockdown have suffered tremendous loss of business and revenue due to the shutdown of many manufacturing units. This has impacted the demand for industrial safety in 2020.

Industrial Safety Market  by Region

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Key Market Players

The industrial safety players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, contracts, partnerships and, business expansions, to strengthen their offerings in the market. The major players are  ABB Ltd. (Switzerland), Emerson Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Siemens AG (Germany), HIMA Paul Hildebrandt GmbH (Germany), General Electric Co. (US), Yokogawa Electric Corp. (Japan), and Omron Corporation (Japan) were the major players in the industrial safety market.

The study includes an in-depth competitive analysis of these key players in the industrial safety market with their company profiles, recent developments, and key market strategies.

Report Scope:

Report Metric

Details

Years considered

2016–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD million/billion)

Segments covered

Type (Machine Safety and Worker Safety), Components, System , and Industry

Regions covered

North America, APAC, Europe, and RoW

Companies covered

ABB Ltd. (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International Inc. (US), HIMA Paul Hildebrandt GmbH (Germany) Schneider Electric SE (France), Rockwell Automation, Inc. (US), Siemens AG (Germany), Yokogawa Electric Corp. (Japan), and Omron Corporation (Japan) are among the major players in the industrial safety market. A total of 25 companies are covered in this study.

In this report, the overall industrial safety market has been segmented on the basis of type, system, compoenent, industry, and region.

By Type

  • Machine Safety
  • Worker Safety

By Component

  • Presence Sensing Sensors
  • Safety Controllers/Modules/Relays
  • Programmable Safety Systems
  • Safety Interlock Switches
  • Emergency Stop Controls
  •  Two-hand Safety Controls
  •  Others (Safety valves, actuators, and accessories)

By System

  • Emergency Shutdown System
  • High-integrity Pressure Protection System
  • Burner Management System
  • Fire & Gas Monitoring System
  • Turbomachinery Control System

By Industry

  • Oil & Gas
  •  Energy & Power
  •  Chemical
  •  Food & Beverages
  •  Aerospace & Defense
  •  Automotive
  •  Semiconductor
  •  Healthcare & Pharmaceutical
  •  Metal & Mining
  •  Others (paper & pulp, textile, and water & wastewater industries)

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Rest of the World (RoW)
    • South America
    • Middle East & Africa

Recent Developments

  • In February 2020, Rockwell Automation launched E100 electronic motor overload relay was launched, which helps prevent motor damage and downtime.
  • In May 2019, Emerson launched a manifold valve design for pressure transmitters, which provides easier operation while increasing efficiency and safety.

In March 2019, ABB upgrades the Ability System 800Xa; it innovated the entire DCS architecture and introduced technologies that shorten timescales for project execution, and enhanced the scalability of the system. In terms of safety, the new system includes support for 2 new safety controllers—PM863 and PM857. Also in combination with new Select I/O safety single-channel modules, it expanded the present capabilities and increased flexibility.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA
        FIGURE 1 INDUSTRIAL SAFETY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY & PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Major secondary sources
                    2.1.2.2 Secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key industry insights
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
        FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE OF PRODUCTS OF INDUSTRIAL SAFETY MARKET SIZE
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market share by bottom-up analysis (demand side)
                            FIGURE 3 INDUSTRIAL SAFETY MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
                            FIGURE 4 INDUSTRIAL SAFETY MARKET: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION
        FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 46)
    3.1 PRE COVID-19
    3.2 REALISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
    3.4 OPTIMISTIC SCENARIO
        FIGURE 6 PRE- AND POST-COVID-19 ANALYSIS OF INDUSTRIAL SAFETY MARKET
        FIGURE 7 MARKET FOR PROGRAMMABLE SAFETY SYSTEMS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
        FIGURE 8 ENERGY & POWER TO GROW AT HIGHEST CAGR
        FIGURE 9 APAC—FASTEST GROWING SEGMENT DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN INDUSTRIAL SAFETY MARKET
        FIGURE 10 MANDATE FOR SAFETY REGULATIONS AND RISING DEMAND FOR SAFETY SYSTEMS IN OIL & GAS INDUSTRY TO BOOST ADOPTION OF INDUSTRIAL SAFETY SYSTEMS
    4.2 INDUSTRIAL SAFETY MARKET, BY COMPONENT
        FIGURE 11 PRESENCE SENSING SAFETY SENSORS TO HOLD LARGEST SIZE OF INDUSTRIAL SAFETY MARKET IN 2025
    4.3 INDUSTRIAL SAFETY MARKET, BY SYSTEM
        FIGURE 12 EMERGENCY SHUTDOWN SYSTEMS TO HOLD LARGEST SIZE OF INDUSTRIAL SAFETY MARKET IN 2025
    4.4 INDUSTRIAL SAFETY MARKET, BY INDUSTRY
        FIGURE 13 AUTOMOTIVE TO HOLD LARGER SHARE OF INDUSTRIAL SAFETY MARKET IN 2020
    4.5 INDUSTRIAL SAFETY MARKET, BY REGION
        FIGURE 14 NORTH AMERICA TO HOLD LARGEST SIZE OF INDUSTRIAL SAFETY MARKET IN 2025

5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 15 HIGH REQUIREMENT FOR RELIABLE SAFETY SYSTEMS FOR PERSONNEL AND ASSET PROTECTION TO DRIVE INDUSTRIAL SAFETY MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Fiscal policy steps taken by regional financial institutions to sustain manufacturing facilities amid COVID-19 crisis
                            FIGURE 16 BREAK-UP OF CARES ACT PACKAGE
                    5.2.1.2 High requirement for reliable safety systems to ensure personnel and asset protection
                    5.2.1.3 Strict mandates for safety regulations
           5.2.2 RESTRAINTS
                    5.2.2.1 High investments required for automation and installing industrial safety systems
                    5.2.2.2 Lack of awareness and complexity of standards
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing acceptance of workplace safety standards in emerging economies
                    5.2.3.2 Increasing usage of Industrial Internet of Things
           5.2.4 CHALLENGES
                    5.2.4.1 Supply chain disruptions due to lockdown and social distancing norms
                    5.2.4.2 Failure to access all machinery-related risks
           5.2.5 ADOPTION OF DIFFERENT TECHNOLOGIES IN INDUSTRIAL SAFETY SYSTEMS

6 INDUSTRY TRENDS (Page No. - 60)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
        FIGURE 17 VALUE CHAIN ANALYSIS
    6.3 MACHINE SAFETY STANDARDS
    6.4 SAFETY INTEGRITY LEVEL (SIL)
        TABLE 1 SIL-RELATED MEASURES
    6.5 FUNCTIONAL SAFETY STANDARDS
           6.5.1 PROCESS INDUSTRY
                    6.5.1.1 I EC 61508
                    6.5.1.2 I EC 61511
           6.5.2 MACHINERY
                    6.5.2.1 IEC 62061

7 INDUSTRIAL SAFETY MARKET, BY TYPE (Page No. - 64)
    7.1 INTRODUCTION
        FIGURE 18 INDUSTRIAL SAFETY MARKET, BY TYPE
        TABLE 2 INDUSTRIAL SAFETY MARKET, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 3 INDUSTRIAL SAFETY MARKET, BY TYPE, 2020–2025 (USD MILLION)
    7.2 MACHINE SAFETY
           7.2.1 COVID-19 IMPACT ON MACHINE SAFETY
                 TABLE 4 PRE- AND POST-COVID-19 ANALYSIS OF INDUSTRIAL SAFETY MARKET FOR MACHINE SAFETY, 2016–2025 (USD MILLION)
    7.3 WORKER SAFETY
           7.3.1 COVID-19 IMPACT ON WORKER SAFETY
                 TABLE 5 PRE- AND POST-COVID-19 ANALYSIS OF INDUSTRIAL SAFETY MARKET FOR WORKER SAFETY, 2016–2025 (USD MILLION)

8 INDUSTRIAL SAFETY MARKET, BY COMPONENT (Page No. - 68)
    8.1 INTRODUCTION
        FIGURE 19 INDUSTRIAL SAFETY MARKET, BY COMPONENT
        FIGURE 20 PRESENCE SENSING SAFETY SENSORS TO HOLD LARGEST SIZE OF MARKET DURING FORECASTED PERIOD
        TABLE 6 MARKET, BY COMPONENT, 2016–2019 (USD MILLION)
        TABLE 7 MARKET BY COMPONENT, 2020–2025 (USD MILLION)
        TABLE 8 MARKET SHIPMENT, BY COMPONENT, 2016–2019 (UNITS)
        TABLE 9 INDUSTRIAL SAFETY MARKET SHIPMENT, BY COMPONENT, 2020–2025 (UNITS)
    8.2 PRESENCE SENSING SAFETY SENSORS
           8.2.1 SAFETY SENSORS HOLD LARGEST SHARE OF INDUSTRIAL SAFETY MARKET
                 TABLE 10 PRESENCE SENSING SAFETY SENSOR MARKET, BY SYSTEM, 2016–2019 (USD MILLION)
                 TABLE 11 PRESENCE SENSING SAFETY SENSOR MARKET, BY SYSTEM, 2020–2025 (USD MILLION)
    8.3 PROGRAMMABLE SAFETY SYSTEMS
           8.3.1 MARKET FOR PROGRAMMABLE SAFETY SYSTEMS TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
                 TABLE 12 PROGRAMMABLE SAFETY SYSTEMS MARKET, BY SYSTEM, 2016–2019 (USD MILLION)
                 TABLE 13 PROGRAMMABLE SAFETY SYSTEMS MARKET, BY SYSTEM, 2020–2025(USD MILLION)
    8.4 SAFETY CONTROLLERS/MODULES/RELAYS
           8.4.1 HIGH REQUIREMENT FOR SAFETY COMPONENTS IN INDUSTRIAL SAFETY SYSTEMS
                 TABLE 14 SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY SYSTEM, 2016–2019 (USD MILLION)
                 TABLE 15 SAFETY CONTROLLERS/MODULES/RELAYS MARKET, BY SYSTEM, 2020–2025 (USD MILLION)
    8.5 SAFETY INTERLOCK SWITCHES
           8.5.1 INDUSTRIAL SAFETY INTERLOCK SWITCHES USED TO PROTECT EQUIPMENT AND USERS DURING HAZARDOUS SITUATIONS
                 TABLE 16 SAFETY INTERLOCK SWITCHES MARKET, BY SYSTEM, 2016–2019 (USD MILLION)
                 TABLE 17 SAFETY INTERLOCK SWITCHES MARKET, BY SYSTEM, 2020–2025 (USD MILLION)
    8.6 EMERGENCY STOP CONTROLS
           8.6.1 EMERGENCY STOP CONTROLS HAVE WIDE RANGE OF SAFETY APPLICATIONS IN INDUSTRIES
                 TABLE 18 EMERGENCY STOP CONTROLS MARKET, BY SYSTEM, 2016–2019 (USD MILLION)
                 TABLE 19 EMERGENCY STOP CONTROLS MARKET, BY SYSTEM, 2020–2025 (USD MILLION)
    8.7 TWO-HAND SAFETY CONTROL
           8.7.1 DEMAND FOR TWO-HAND SAFETY FOR POWER GENERATION INDUSTRIES TO CONTINUE TO RISE IN FUTURE
                 TABLE 20 TWO-HAND SAFETY MARKET, BY SYSTEM, 2016–2019 (USD MILLION)
                 TABLE 21 TWO-HAND SAFETY MARKET, BY SYSTEM, 2020–2025 (USD MILLION)
    8.8 OTHERS
        TABLE 22 OTHERS MARKET, BY SYSTEM, 2016–2019 (USD MILLION)
        TABLE 23 OTHERS MARKET, BY SYSTEM, 2020–2025 (USD MILLION)

9 INDUSTRIAL SAFETY MARKET, BY SYSTEM (Page No. - 80)
    9.1 INTRODUCTION
        FIGURE 21 EMERGENCY SHUTDOWN SYSTEM TO HOLD LARGEST SIZE OF INDUSTRIAL SAFETY MARKET IN 2025
        TABLE 24 INDUSTRIAL SAFETY MARKET, BY SYSTEM, 2016–2019 (USD MILLION)
        TABLE 25 INDUSTRIAL SAFETY MARKET, BY SYSTEM, 2020–2025 (USD MILLION)
    9.2 EMERGENCY SHUTDOWN SYSTEMS
           9.2.1 EMERGENCY SHUTDOWN SYSTEMS HELD LARGEST SIZE OF INDUSTRIAL SAFETY MARKET IN 2019
                 TABLE 26 MARKET FOR EMERGENCY SHUTDOWN SYSTEM, BY COMPONENT, 2016–2019 (USD MILLION)
                 TABLE 27 MARKET FOR EMERGENCY SHUTDOWN SYSTEM, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 28 EMERGENCY SHUTDOWN SYSTEM MARKET FOR OIL & GAS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 29 EMERGENCY SHUTDOWN SYSTEM MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 30 EMERGENCY SHUTDOWN SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 31 EMERGENCY SHUTDOWN SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 32 EMERGENCY SHUTDOWN SYSTEM MARKET FOR CHEMICAL, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 33 EMERGENCY SHUTDOWN SYSTEM MARKET FOR CHEMICAL, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 34 EMERGENCY SHUTDOWN SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 35 EMERGENCY SHUTDOWN SYSTEM MARKET FOR FOOD & BEVERAGES,BY REGION, 2020–2025 (USD MILLION)
                 TABLE 36 EMERGENCY SHUTDOWN SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 37 EMERGENCY SHUTDOWN SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 38 EMERGENCY SHUTDOWN SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 39 EMERGENCY SHUTDOWN SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 40 EMERGENCY SHUTDOWN SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 41 EMERGENCY SHUTDOWN SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 42 EMERGENCY SHUTDOWN SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 43 EMERGENCY SHUTDOWN SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2020–2025 (USD MILLION)
           9.2.2 IMPACT OF COVID-19 ON EMERGENCY SHUTDOWN SYSTEMS
    9.3 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEMS
           9.3.1 RISING DEMAND FOR RELIABLE SAFETY SOLUTIONS FOR PERSONNEL AND ASSET PROTECTION IN HIGH-PRESSURE ENVIRONMENTS SPURS MARKET GROWTH
                 TABLE 44 MARKET FOR HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM, BY COMPONENT, 2016–2019 (USD MILLION)
                 TABLE 45 MARKET FOR HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 46 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR OIL & GAS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 47 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 48 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 49 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 50 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR CHEMICAL, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 51 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR CHEMICAL, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 52 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 53 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 54 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 55 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 56 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 57 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 58 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 59 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 60 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 61 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2020–2025 (USD MILLION)
           9.3.2 IMPACT OF COVID-19 ON MARKET FOR HIGH-INTEGRITY PRESSURE PROTECTION SYSTEMS
    9.4 BURNER MANAGEMENT SYSTEMS
           9.4.1 BMS HELPS IN RELIABLE MONITORING, OPERATIONS, AND MAINTENANCE OF ALL ASSETS IN PLANTS
                 TABLE 62 INDUSTRIAL SAFETY MARKET FOR BURNER MANAGEMENT SYSTEM, BY COMPONENT, 2016–2019 (USD MILLION)
                 TABLE 63 MARKET FOR BURNER MANAGEMENT SYSTEM, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 64 BURNER MANAGEMENT SYSTEM MARKET FOR OIL & GAS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 65 BURNER MANAGEMENT SYSTEM MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 66 BURNER MANAGEMENT SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 67 BURNER MANAGEMENT SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 68 BURNER MANAGEMENT SYSTEM MARKET FOR CHEMICAL, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 69 BURNER MANAGEMENT SYSTEM MARKET FOR CHEMICAL, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 70 BURNER MANAGEMENT SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 71 BURNER MANAGEMENT SYSTEM MARKET FOR FOOD & BEVERAGES,BY REGION, 2020–2025 (USD MILLION)
                 TABLE 72 BURNER MANAGEMENT SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 73 BURNER MANAGEMENT SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 74 BURNER MANAGEMENT SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 75 BURNER MANAGEMENT SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 76 BURNER MANAGEMENT SYSTEM MARKET FOR SEMICONDUCTOR,BY REGION, 2016–2019 (USD MILLION)
                 TABLE 77 BURNER MANAGEMENT SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 78 BURNER MANAGEMENT SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 79 BURNER MANAGEMENT SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2020–2025 (USD MILLION)
           9.4.2 IMPACT OF COVID-19 ON MARKET FOR BURNER MANAGEMENT SYSTEMS
    9.5 FIRE & GAS MONITORING SYSTEM
           9.5.1 FIRE & GAS MONITORING SYSTEMS MAINLY USED TO PREVENT AND LOWER AFTER-EFFECTS OF FIRE ACCIDENTS
                 TABLE 80 INDUSTRIAL SAFETY MARKET FOR FIRE & GAS MONITORING SYSTEM, BY COMPONENT, 2016–2019 (USD MILLION)
                 TABLE 81 MARKET FOR FIRE & GAS MONITORING SYSTEM, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 82 FIRE & GAS MONITORING SYSTEM MARKET FOR OIL & GAS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 83 FIRE & GAS MONITORING SYSTEM MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 84 FIRE & GAS MONITORING SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 85 FIRE & GAS MONITORING SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 86 FIRE & GAS MONITORING SYSTEM MARKET FOR CHEMICAL, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 87 FIRE & GAS MONITORING SYSTEM MARKET FOR CHEMICAL, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 88 FIRE & GAS MONITORING SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 89 FIRE & GAS MONITORING SYSTEM MARKET FOR FOOD & BEVERAGES,BY REGION, 2020–2025 (USD MILLION)
                 TABLE 90 FIRE & GAS MONITORING SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 91 FIRE & GAS MONITORING SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 92 FIRE & GAS MONITORING SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 93 FIRE & GAS MONITORING SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 94 FIRE & GAS MONITORING SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 95 FIRE & GAS MONITORING SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 96 FIRE & GAS MONITORING SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICAL, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 97 FIRE & GAS MONITORING SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICAL, BY REGION, 2020–2025 (USD MILLION)
           9.5.2 IMPACT OF COVID-19 ON FIRE & GAS MONITORING SYSTEM
    9.6 TURBOMACHINERY CONTROL SYSTEM
           9.6.1 TMC PROVIDES TIGHT CONTROL OVER SPEED OF STEAM, HYDRO, AND GAS TURBINES
                 TABLE 98 INDUSTRIAL SAFETY MARKET FOR TURBOMACHINERY CONTROL SYSTEM, BY COMPONENT, 2016–2019 (USD MILLION)
                 TABLE 99 INDUSTRIAL SAFETY MARKET FOR TURBOMACHINERY CONTROL SYSTEM, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 100 TURBOMACHINERY CONTROL SYSTEM MARKET FOR OIL & GAS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 101 TURBOMACHINERY CONTROL SYSTEM MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 102 TURBOMACHINERY CONTROL SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 103 TURBOMACHINERY CONTROL SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 104 TURBOMACHINERY CONTROL SYSTEM MARKET FOR CHEMICAL, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 105 TURBOMACHINERY CONTROL SYSTEM MARKET FOR CHEMICAL, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 106 TURBOMACHINERY CONTROL SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 107 TURBOMACHINERY CONTROL SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 108 TURBOMACHINERY CONTROL SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 109 TURBOMACHINERY CONTROL SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 110 TURBOMACHINERY CONTROL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 111 TURBOMACHINERY CONTROL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 112 TURBOMACHINERY CONTROL SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2016–2019 (USD MILLION)
   &nnbsp;             TABLE 113 TURBOMACHINERY CONTROL SYSTEM MARKET FOR SEMICONDUCTOR,BY REGION, 2020–2025 (USD MILLION)
                 TABLE 114 TURBOMACHINERY CONTROL SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 115 TURBOMACHINERY CONTROL SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2020–2025 (USD MILLION)
           9.6.2 IMPACT OF COVID-19 ON MARKET FOR TURBOMACHINERY CONTROL SYSTEM

10 INDUSTRIAL SAFETY MARKET, BY INDUSTRY (Page No. - 118)
     10.1 INTRODUCTION
          FIGURE 22 MARKET, BY INDUSTRY
          TABLE 116 MARKET, BY INDUSTRY, 2016–2019 (USD MILLION)
          TABLE 117 MARKET, BY INDUSTRY, 2020–2025 (USD MILLION)
          TABLE 118 MARKET FOR MACHINE SAFETY, BY INDUSTRY, 2016–2019 (USD MILLION)
          TABLE 119 MARKET FOR MACHINE SAFETY, BY INDUSTRY, 2020–2025 (USD MILLION)
     10.2 OIL & GAS
             10.2.1 INDUSTRIAL SAFETY EQUIPMENT IN OIL & GAS INDUSTRY REDUCES RISK OF EMERGENCY SHUTDOWNS
                    TABLE 120 INDUSTRIAL SAFETY MARKET FOR OIL & GAS, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 121 INDUSTRIAL SAFETY MARKET FOR OIL & GAS, BY SYSTEM, 2020–2025 (USD MILLION)
             10.2.2 IMPACT OF COVID-19 ON OIL & GAS INDUSTRY
     10.3 ENERGY & POWER
             10.3.1 POWER INDUSTRY USES INDUSTRIAL SAFETY TO PROTECT PLANTS FROM HAZARDS
                    TABLE 122 MARKET FOR ENERGY & POWER, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 123 MARKET FOR ENERGY & POWER, BY SYSTEM, 2020–2025 (USD MILLION)
             10.3.2 IMPACT OF COVID-19 ON ENERGY & POWER INDUSTRY
     10.4 CHEMICAL
             10.4.1 DEMAND FOR SAFETY AND RELIABILITY IN CHEMICAL INDUSTRY PROPEL MARKET GROWTH
                    TABLE 124 INDUSTRIAL SAFETY MARKET FOR CHEMICAL, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 125 MARKET FOR CHEMICAL, BY SYSTEM, 2020–2025 (USD MILLION)
             10.4.2 IMPACT OF COVID-19 ON CHEMICAL INDUSTRY
     10.5 FOOD & BEVERAGES
             10.5.1 FOOD & BEVERAGES INDUSTRY EMPLOYS INDUSTRIAL SAFETY DUE TO REGULATORY ISSUES
                    TABLE 126 MARKET FOR FOOD & BEVERAGES, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 127 MARKET FOR FOOD & BEVERAGES, BY SYSTEM, 2020–2025 (USD MILLION)
             10.5.2 IMPACT OF COVID-19 ON FOOD & BEVERAGES INDUSTRY
     10.6 AEROSPACE & DEFENSE
             10.6.1 AEROSPACE & DEFENSE INDUSTRY ADOPTED INDUSTRIAL SAFETY TO INCREASE PRODUCTION
                    TABLE 128 MARKET FOR AEROSPACE & DEFENSE, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 129 INDUSTRIAL SAFETY MARKET FOR AEROSPACE & DEFENSE, BY SYSTEM, 2020–2025 (USD MILLION)
             10.6.2 IMPACT OF COVID-19 ON AEROSPACE & DEFENSE INDUSTRY
     10.7 AUTOMOTIVE
             10.7.1 AUTOMOTIVE INDUSTRY EMPLOYS INDUSTRIAL SAFETY DUE TO REGULATORY ISSUES
                    TABLE 130 INDUSTRIAL SAFETY MARKET FOR AUTOMOTIVE, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 131 INDUSTRIAL SAFETY MARKET FOR AUTOMOTIVE, BY SYSTEM, 2020–2025 (USD MILLION)
             10.7.2 IMPACT OF COVID-19 ON AUTOMOTIVE INDUSTRY
     10.8 SEMICONDUCTOR
             10.8.1 SEMICONDUCTOR INDUSTRY USES INDUSTRIAL SAFETY EQUIPMENT TO ENSURE WORKER AND ASSET PROTECTION
                    TABLE 132 MARKET FOR SEMICONDUCTOR, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 133 MARKET FOR SEMICONDUCTOR, BY SYSTEM, 2020–2025 (USD MILLION)
             10.8.2 IMPACT OF COVID-19 ON SEMICONDUCTOR INDUSTRY
     10.9 HEALTHCARE & PHARMACEUTICAL
             10.9.1 PHARMACEUTICAL COMPANIES IMPLEMENT INDUSTRIAL SAFETY TO PREVENT POTENTIAL HAZARDS
                    TABLE 134 INDUSTRIAL SAFETY MARKET FOR HEALTHCARE & PHARMACEUTICAL, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 135 MARKET FOR HEALTHCARE & PHARMACEUTICAL, BY SYSTEM, 2020–2025 (USD MILLION)
             10.9.2 IMPACT OF COVID-19 ON HEALTHCARE & PHARMACEUTICAL INDUSTRY
     10.10 METAL & MINING
             10.10.1 INDUSTRIAL SAFETY SYSTEMS HELP ENSURE EFFICIENT AND SAFE PRODUCTION IN METAL & MINING INDUSTRY
                     TABLE 136 INDUSTRIAL SAFETY MARKET FOR METAL & MINING, BY SYSTEM, 2016–2019 (USD MILLION)
                     TABLE 137 MARKET FOR METAL & MINING, BY SYSTEM, 2020–2025 (USD MILLION)
             10.10.2 IMPACT OF COVID-19 ON METAL & MINING INDUSTRY
     10.11 OTHERS
           TABLE 138 MARKET FOR OTHERS, BY SYSTEM, 2016–2019 (USD MILLION)
           TABLE 139 INDUSTRIAL SAFETY MARKET FOR OTHERS, BY SYSTEM, 2020–2025 (USD MILLION)
             10.11.1 IMPACT OF COVID-19 ON OTHERS

11 GEOGRAPHIC ANALYSIS (Page No. - 136)
     11.1 INTRODUCTION
          FIGURE 23 MARKET IN APAC TO GROW AT FASTEST RATE DURING FORECAST PERIOD
          TABLE 140 MARKET, BY REGION, 2016–2019 (USD MILLION)
          TABLE 141 MARKET, BY REGION, 2020–2025 (USD MILLION)
          TABLE 142 MARKET FOR MACHINE SAFETY, BY REGION, 2016–2019 (USD MILLION)
          TABLE 143 MARKET FOR MACHINE SAFETY, BY REGION, 2020–2025 (USD MILLION)
     11.2 NORTH AMERICA
          FIGURE 24 NORTH AMERICA: SNAPSHOT OF INDUSTRIAL SAFETY MARKET
          TABLE 144 MARKET FOR NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 145 MARKET FOR NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 146 MARKET IN NORTH AMERICA, BY SYSTEM, 2016–2019 (USD MILLION)
          TABLE 147 MARKET IN NORTH AMERICA, BY SYSTEM, 2020–2025 (USD MILLION)
             11.2.1 IMPACT OF COVID-19 ON NORTH AMERICAN MARKET
             11.2.2 US
                        11.2.2.1 US to hold largest size of industrial safety market in North America during forecast period
             11.2.3 CANADA
                        11.2.3.1 Strict government regulations drive industrial safety market
             11.2.4 MEXICO
                        11.2.4.1 Abundance of oil & gas reserves to offer opportunities for industrial safety manufacturers
     11.3 EUROPE
          FIGURE 25 EUROPE: SNAPSHOT OF INDUSTRIAL SAFETY MARKET
          TABLE 148 MARKET FOR EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 149 MARKET FOR EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 150 MARKET IN EUROPE, BY SYSTEM, 2016–2019 (USD MILLION)
          TABLE 151 MARKET IN EUROPE, BY SYSTEM, 2020–2025 (USD MILLION)
             11.3.1 IMPACT OF COVID-19 ON EUROPEAN MARKET
             11.3.2 UK
                        11.3.2.1 Mandates for safety regulations propel demand for industrial safety systems and services
             11.3.3 GERMANY
                        11.3.3.1 Germany to hold largest size of industrial safety market in Europe during forecast period
             11.3.4 FRANCE
                        11.3.4.1 Stringent safety requirements driving industrial safety market in France
             11.3.5 REST OF EUROPE
     11.4 APAC
          FIGURE 26 APAC: SNAPSHOT OF INDUSTRIAL SAFETY MARKET
          TABLE 152 INDUSTRIAL SAFETY MARKET FOR APAC, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 153 MARKET FOR APAC, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 154 MARKET IN APAC, BY SYSTEM, 2016–2019 (USD MILLION)
          TABLE 155 MARKET IN APAC, BY SYSTEM, 2020–2025 (USD MILLION)
             11.4.1 IMPACT OF COVID-19 ON MARKET IN APAC
             11.4.2 CHINA
                        11.4.2.1 Oil & gas and chemical major end-user industries for industrial safety
             11.4.3 JAPAN
                        11.4.3.1 Fast-growing process industries adhering to safety standards, thereby driving adoption of industrial safety products
             11.4.4 INDIA
                        11.4.4.1 Industrial safety market to grow at highest CAGR during forecast period
             11.4.5 SOUTH KOREA
                        11.4.5.1 Stringent laws to prevent industrial accidents drive industrial safety market
             11.4.6 REST OF APAC
     11.5 ROW
          TABLE 156 MARKET FOR ROW, BY REGION, 2016–2019 (USD MILLION)
          TABLE 157 MARKET FOR ROW, BY REGION, 2020–2025 (USD MILLION)
          TABLE 158 MARKET IN ROW, BY SYSTEM, 2016–2019(USD MILLION)
          TABLE 159 MARKET IN ROW, BY SYSTEM, 2020–2025 (USD MILLION)
             11.5.1 IMPACT OF COVID-19 ON MARKET IN ROW
             11.5.2 SOUTH AMERICA
                        11.5.2.1 South America to be booming market for industrial safety solutions
             11.5.3 MIDDLE EAST & AFRICA
                        11.5.3.1 Middle East held larger size of industrial safety market for oil & gas industry in 2019

12 COMPETITIVE LANDSCAPE (Page No. - 156)
     12.1 OVERVIEW
          FIGURE 27 KEY DEVELOPMENTS IN INDUSTRIAL SAFETY MARKET (2019 TO 2020)
     12.2 MARKET RANKING ANALYSIS: INDUSTRIAL SAFETY MARKET
          FIGURE 28 RANKING OF KEY PLAYERS IN INDUSTRIAL SAFETY MARKET, 2019
     12.3 COMPETITIVE LEADERSHIP MAPPING
             12.3.1 VISIONARIES
             12.3.2 INNOVATORS
             12.3.3 DYNAMIC DIFFERENTIATORS
             12.3.4 EMERGING COMPANIES
                    FIGURE 29 INDUSTRIAL SAFETY MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
     12.4 STRENGTH OF PRODUCT PORTFOLIO
          FIGURE 30 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
     12.5 BUSINESS STRATEGY EXCELLENCE
          FIGURE 31 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MARKET
     12.6 COMPETITIVE SITUATION & TRENDS
             12.6.1 CONTRACTS, AGREEMENTS, AND PARTNERSHIPS
                    TABLE 160 CONTRACTS, AGREEMENTS, AND PARTNERSHIPS, JOINT VENTURES, 2018–2020
             12.6.2 PRODUCT LAUNCHES & DEVELOPMENTS
                    TABLE 161 PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2020
             12.6.3 ACQUISITIONS
                    TABLE 162 ACQUISITIONS, 2017–2018

13 COMPANY PROFILES (Page No. - 166)
     13.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services offered, Recent Developments, SWOT Analysis, and MnM View With COVID-19-Related Developments)*
             13.1.1 SCHNEIDER ELECTRIC
                    FIGURE 32 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
             13.1.2 HONEYWELL
                    FIGURE 33 HONEYWELL: COMPANY SNAPSHOT
             13.1.3 ABB
                    FIGURE 34 ABB: COMPANY SNAPSHOT
             13.1.4 ROCKWELL
                    FIGURE 35 ROCKWELL: COMPANY SNAPSHOT
             13.1.5 SIEMENS AG
                    FIGURE 36 SIEMENS: COMPANY SNAPSHOT
             13.1.6 HIMA PAUL
             13.1.7 YOKOGAWA
                    FIGURE 37 YOKOGAWA: COMPANY SNAPSHOT
             13.1.8 EMERSON ELECTRIC
                    FIGURE 38 EMERSON: COMPANY SNAPSHOT
             13.1.9 GENERAL ELECTRIC
                    FIGURE 39 GE: COMPANY SNAPSHOT
             13.1.10 OMRON CORPORATION
                     FIGURE 40 OMRON: COMPANY SNAPSHOT
*Business Overview, Products/Solutions/Services offered, Recent Developments, SWOT Analysis, and MnM View With COVID-19-Related Developments might not be captured in case of unlisted companies.
     13.2 RIGHT TO WIN
     13.3 OTHER KEY PLAYERS
             13.3.1 JOHNSON CONTROLS
             13.3.2 BALLUFF GMBH
             13.3.3 KEYENCE
             13.3.4 IDEC
             13.3.5 SICK
             13.3.6 EUCHNER
             13.3.7 FORTRESS INTERLOCKS (HALMA PLC)
             13.3.8 SGS GROUP
             13.3.9 MITSUBISHI ELECTRIC
             13.3.10 PILZ
             13.3.11 VELAN INC
             13.3.12 PALADON SYSTEMS LTD.
             13.3.13 PROSERV INGENIOUS SIMPLICITY
             13.3.14 BANNER ENGINEERING
             13.3.15 K.A. SCHMERSAL

14 ADJACENT & RELATED MARKETS (Page No. - 203)
     14.1 INTRODUCTION
     14.2 LIMITATIONS
     14.3 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY
             14.3.1 INTRODUCTION
                    TABLE 163 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2016–2024 (USD BILLION)
                    TABLE 164 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SOLUTIONS, BY INDUSTRY, 2016–2024 (USD BILLION)
                    TABLE 165 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR INSTRUMENTS, BY INDUSTRY, 2016–2024 (USD BILLION)
             14.3.2 CHEMICALS
             14.3.3 ENERGY & POWER
             14.3.4 FOOD & BEVERAGES
             14.3.5 METALS & MINING
             14.3.6 OIL & GAS
             14.3.7 PHARMACEUTICALS
             14.3.8 PULP & PAPER
             14.3.9 WATER & WASTEWATER
             14.3.10 OTHERS
     14.4 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION
             14.4.1 INTRODUCTION
                    TABLE 166 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2016–2024 (USD BILLION)
             14.4.2 NORTH AMERICA
                    TABLE 167 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2024 (USD BILLION)
                        14.4.2.1 US
                        14.4.2.2 Canada
                        14.4.2.3 Mexico
             14.4.3 EUROPE
                    TABLE 168 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN EUROPE, BY COUNTRY, 2016–2024 (USD BILLION)
                        14.4.3.1 Germany
                        14.4.3.2 UK
                        14.4.3.3 France
                        14.4.3.4 Rest of Europe
             14.4.4 APAC
                    TABLE 169 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN APAC, BY COUNTRY, 2016–2024 (USD BILLION)
                        14.4.4.1 China
                        14.4.4.2 Japan
                        14.4.4.3 India
                        14.4.4.4 Rest of APAC
             14.4.5 REST OF THE WORLD
                    TABLE 170 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN ROW, BY REGION, 2016–2024 (USD BILLION)
                        14.4.5.1 Middle East & Africa
                        14.4.5.2 South America
     14.5 FUNCTIONAL SAFETY MARKET, BY OFFERING
             14.5.1 INTRODUCTION
                    TABLE 171 FUNCTIONAL SAFETY MARKET, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 172 FUNCTIONAL SAFETY MARKET, BY OFFERING, 2020–2025 (USD MILLION)
             14.5.2 SERVICES
                    TABLE 173 FUNCTIONAL SAFETY MARKET, BY SERVICE, 2016–2019 (USD MILLION)
                    TABLE 174 FUNCTIONAL SAFETY MARKET, BY SERVICE, 2020–2025 (USD MILLION)
                    TABLE 175 FUNCTIONAL SAFETY MARKET FOR SERVICES, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 176 FUNCTIONAL SAFETY MARKET FOR SERVICES, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 177 FUNCTIONAL SAFETY MARKET FOR SERVICES, BY INDUSTRY, 2016–2019 (USD MILLION)
                    TABLE 178 FUNCTIONAL SAFETY MARKET FOR SERVICES, BY INDUSTRY, 2020–2025 (USD MILLION)
                        14.5.2.1 Testing, Inspection, and Certification
                                 TABLE 179 FUNCTIONAL SAFETY MARKET FOR TESTING, INSPECTION, AND CERTIFICATION SERVICES, BY REGION, 2016–2019 (USD MILLION)
                                 TABLE 180 FUNCTIONAL SAFETY MARKET FOR TESTING, INSPECTION, AND CERTIFICATION SERVICES, BY REGION, 2020–2025 (USD MILLION)
                                 TABLE 181 FUNCTIONAL SAFETY MARKET FOR TESTING, INSPECTION, AND CERTIFICATION SERVICES, BY SYSTEM, 2016–2019 (USD MILLION)
                                 TABLE 182 FUNCTIONAL SAFETY MARKET FOR TESTING, INSPECTION, AND CERTIFICATION SERVICES, BY SYSTEM, 2020–2025 (USD MILLION)
                        14.5.2.2 Maintenance
                                 TABLE 183 FUNCTIONAL SAFETY MARKET FOR MAINTENANCE SERVICES, BY REGION, 2016–2019 (USD MILLION)
                                 TABLE 184 FUNCTIONAL SAFETY MARKET FOR MAINTENANCE SERVICES, BY REGION, 2020–2025 (USD MILLION)
                                 TABLE 185 FUNCTIONAL SAFETY MARKET FOR MAINTENANCE SERVICES, BY SYSTEM, 2016–2019 (USD MILLION)
                                 TABLE 186 FUNCTIONAL SAFETY MARKET FOR MAINTENANCE SERVICES, BY SYSTEM, 2020–2025 (USD MILLION)
                        14.5.2.3 Training and consulting
                                 TABLE 187 FUNCTIONAL SAFETY MARKET FOR TRAINING AND CONSULTING SERVICES, BY REGION, 2016–2019 (USD MILLION)
                                 TABLE 188 FUNCTIONAL SAFETY MARKET FOR TRAINING AND CONSULTING SERVICES, BY REGION, 2020–2025 (USD MILLION)
                                 TABLE 189 FUNCTIONAL SAFETY MARKET FOR TRAINING AND CONSULTING SERVICES, BY SYSTEM, 2016–2019 (USD MILLION)
                                 TABLE 190 FUNCTIONAL SAFETY MARKET FOR TRAINING AND CONSULTING SERVICES, BY SYSTEM, 2020–2025 (USD MILLION)
     14.6 FUNCTIONAL SAFETY MARKET, BY INDUSTRY
             14.6.1 INTRODUCTION
                    TABLE 191 FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2016–2019 (USD MILLION)
                    TABLE 192 FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020–2025 (USD MILLION)
             14.6.2 OIL & GAS
             14.6.3 FOOD & BEVERAGES
             14.6.4 PHARMACEUTICALS
             14.6.5 CHEMICALS
             14.6.6 POWER GENERATION
             14.6.7 METALS & MINING
             14.6.8 WATER & WASTEWATER
             14.6.9 OTHERS

15 APPENDIX (Page No. - 229)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study involves four major activities for estimating the size of the industrial safety market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the industrial safety market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. The secondary sources used for this research study include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. The secondary data have been sourced from associations such as International Safety Equipment Association, Asia Industrial Gases Association, US Oil & Gas Association, European Automobile Manufacturers' Association, and International Road Safety Association among others.

Primary Research

In the primary research process, primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information, as well as assess prospects. Key players such as such as Schneider Electric, Honeywell International, Siemens AG, Johnson Controls, Rockwell, ABB, HIMA, Emerson, GE, Yokogawa, Omron, in the industrial safety market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as chief executive officers (CEOs), directors, and marketing personnel.

Industrial Safety Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the industrial safety market and other dependent submarkets listed in this report.

  • The key players in the industry and markets have been identified through extensive secondary research.
  • Both the supply chain of the industry and the market size, in terms of value, have been determined through primary and secondary research.
  • All percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • The market sizing for post COVID-19 estimations has been made by referring the quarterly financial reports of various companies in their websites and conducting primaries to discuss the impact of COVID-19 on each segment.

Data Triangulation

After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study Objectives:

  • To To describe and forecast the industrial safety market, in terms of value, type, component, system, and industry
  • To analyze and forecast the overall industrial safety market for both pre and post COVID-19 global market estimates
  • To describe and forecast the industrial safety market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments in the overall industrial safety market
  • To provide a detailed overview of the value chain in the industrial safety market
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall industrial safety market
  • To profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze competitive developments such as product launches, acquisitions, and partnerships in the industrial safety market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to a company’s specific need. The following customization options are available for the report.

Company information

  • Detailed analysis and profiling of additional market players (up to 5)
  • Market share analysis of top 5 suppliers
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