MarketsandMarkets Presents
Industrial Safety Market by Component (Presence Sensing Safety Sensors, Safety Controllers, Programmable Safety Systems), Industry (Energy & Power, Automotive, Oil & Gas) and Region (2022-2027)
Industrial safety market is projected to reach USD 8.8 billion by 2027, growing at a CAGR of 6.8%. 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.
MarketsandMarkets Presents
Currently, machine safety systems provide increased safety for process industries. Machine safety demands continue to rise. The major driving factors of the machine safety market are stringent mandates for safety regulations, high demand for safety systems in the oil & gas, energy & power, and food & beverages industries, and rising need for reliable safety systems for machine protection.
“Machine safety market to lead industrial safety market during the forecasted period”
MarketsandMarkets Presents
“Market for programmable safety system to grow at fastest CAGR from 2022 to 2027” Programmable safety systems are highly reliable logic solvers, which
safe and fault-tolerant operations. The
anticipated
grow
a fast rate
manufacturers
the existing systems to comply
strict industrial safety regulatory standards. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19720540 Programmable safety systems are an integral part of safety instrumented
These systems must be designed or selected
and are required to achieve the SIL 3 and SIL 4 performance.
provide both fail-
market for programmable safety systems is
to
at
in the coming years as
are replacing
with
systems.
in accordance with the IEC 61508 standard
MarketsandMarkets
Presents
Automation plays a vital role in the automotive manufacturing industry owing to functions such as inventory management, performance analysis, design process, and supply chain management, which require a lot of time if done manually. Automation enables companies to save time during assembling, thereby increasing productivity.
Automotive companies focus on automation to address the fast-changing consumer needs in various markets worldwide.
“Automotive industry to hold a larger market share for industrial safety in 2022”
MarketsandMarkets
Presents
“APAC to be the largest market for industrial safety during the forecast period”
APAC is expected to dominate the global industrial safety market during the forecast period owing to increasing industrialization in emerging economies such as China and India. China and India have already adopted industrial safety in various processes such as oil & gas and power generation. The adoption of safety automation solutions in manufacturing industries in this region is increasing significantly with rapid industrialization, thereby contributing to market growth.
MarketsandMarkets
market
Know more @ https://www.marketsandmarkets.com/Market-Reports/safety-instrumented-system-market-19 720540.html
Presents Major players in the industrial safety
are Schneider Electric SE (France), Honeywell International Inc. (US), ABB Ltd. (Switzerland), Rockwell Automation, Inc. (US), Siemens AG (Germany), Emerson Electric Co. (US), Baker Hughes (US), HIMA (Germany), Yokogawa Electric Corp. (Japan), and Omron Corporation (Japan).
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