27 April 2021
The new report the Industrial Safety Market Report to 2031: Forecasts by Type (Machine Safety and Worker Safety), System (Emergency Shutdown System, High-integrity Pressure Protection System, Burner Management System, Fire & Gas Monitoring System, and Turbomachinery Control System), Industry (Oil & Gas, Energy & Power, Chemical, Food & Beverages, Aerospace & Defense, Automotive, Semiconductor, Healthcare & Pharmaceutical, Metal & Mining, and Others), by Region, Country, and Profiles of Leading Companies indicates that the Global Industrial Safety Market will see $ XX bn in spending in 2020.
The lead analyst of the report said: "The Industrial Safety Market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand for industrial safety."
The considerably growing industrial safety systems demand in the oil and gas, automotive, and construction industries is a notable factor instrumental for the market's growth. The stringent government norms for safer worksite has imparted a noticeable momentum to industrial safety systems across the end-use industries. Rapid advances made in the manufacturing industries, especially in developing countries, have led to a staggering implementation of industrial safety solutions. For instance, the growth in automotive manufacturing activities has witnessed the rapid demand for industrial safety systems in the global market to ensure worker safety and machine safety.
However, the lack of awareness related to workplace safety programs in various industries, especially in emerging economies, is primarily halting industrial safety worldwide. Moreover, the limited training initiatives to create awareness about occupational hazards and ways to counter them are also causing a setback to the growth of the industrial safety systems market.
The growth of the industrial safety market has witnessed a slowdown owing to the COVID-19 outburst. It is also seen that halting manufacturing operations has highly affected the production counts and overall demand in the market. Most global manufacturing activities have been affected owing to shutdowns and lockdown caused by the current pandemic.
The XX page report contains 148 tables and 266 graphs that add visual analysis to explain developing trends within the industrial safety market. The report provides $ XX bn forecasts during the forecast period 2021-2031 for the industrial safety submarkets, namely by system, i.e., emergency shutdown system, high-integrity pressure protection system, burner management system, fire & gas monitoring system, and turbomachinery control system.
The XX page report offers market forecasts and analysis for 24 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies' chapter covering more than 15 companies leading the field in industrial safety.
The global industrial safety market 2021-2031 report will be of value to anyone who wants to understand better the industrial safety market and its various segments. It will be useful for businesses who wish to comprehend the part of the market better they are already involved in or those wishing to enter or expand into a different regional or technical aspect of the industrial safety industry.
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