Industrial Safety Market Size, Share, Opportunities, And Trends By Systems [Process Control Systems (PCS), Safety Shutdown Systems (SSS), Emergency Shutdown (ESD), Fire And Gas Systems (FGS)], End-User Industry (Oil And Gas, Healthcare, Manufacturing, Chemical, Others), By Component (Hardware, Software), And By Geography - Forecasts From 2025 To 2030

Industrial Safety Market Size:

The industrial safety market is projected to grow at a CAGR of 4.35% during the forecast period.

Industrial safety solutions are installed to avoid the occurrence of harm-causing incidents or reduce the severity of an occurred mishappening in an industrial setup. In an industrial sector, the risk of an occurring hazard always prevails owing to high automation, usage of chemicals, and other factors, having the potential to cause harm to human life and financial losses. Industrial safety solutions, hence, reduce the chances of loss due to industry hazards and help in facilitating better functioning. 

Industrial Safety Market Trends:

The prime reason driving the market demand during the forecast period is robust development in the end users’ industries. Oil and gas, chemicals, and manufacturing are key end-users that are witnessing lucrative growth and are expected to grow at an exponential rate with increased operations. Growing technology and automation complexities in these industries, accompanied by rising safety standards by industry and government, are expected to support the market growth. Furthermore, rapid industrialization across developing countries with a growing industry sector is projected to provide opportunities for the market.

Industrial Safety Market Growth Drivers:

• Robust growth across the end-user industry

One of the prime reasons for augmenting the industrial safety solutions demand is the robust growth across the end-user industries, especially manufacturing, healthcare, and oil and gas industries. With increased industrialization in developing countries, the manufacturing sector is projected to witness robust growth.

In the Asia Pacific region, countries like India, Thailand, South Korea, Vietnam, and Cambodia have been emerging as manufacturing hubs, which have provided robust scope for industrial safety systems. The oil and gas industry is also expected to witness robust growth with surging demand. A report published by the International Energy Agency (IEA) estimates that global oil consumption will reach 104.1 mb/d by 2026, a rise of 4.4 mb/d from 2019.

Rise in consumption is expected to be supported by an increase in the production of oil and gas, through the expansion of existing fields and operations in new fields. Industrial safety systems are an integral part of these projects since the industry is prone to severe hazards. Growth in projects is expected to create significant demand for the market.

Industrial Safety Market Segmentation:

• BY SYSTEMS 
  • Process Control System (PCS)
  • Safety Shutdown System (SSS)
  • Emergency Shutdown System (ESS)
  • Fire and Gas System (FGS)
  • Others
• BY END-USER INDUSTRY 
  • Oil and Gas
  • Healthcare
  • Manufacturing
  • Chemical
  • Others
• BY COMPONENT
  • Hardware
  • Software
• BY GEOGRAPHY
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Africa
    • Saudi Arabia
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Thailand
    • Taiwan
    • Indonesia
    • Others

ABB

Emerson Electric Co

Johnson Controls

Yokogawa Electric Corporation

Rockwell Automation

Honeywell International

General Electric

Schneider Electric

Siemens AG

HIMA Paul Hildebrandt GmbH