Insights on the Industrial Safety Global Market to 2026 - Featuring ABB, Emerson Electric and IDEC Among Others - ResearchAndMarkets.com

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DUBLIN, July 27, 2021--(BUSINESS WIRE)--The "Industrial Safety Market Research Report by Industry, by Component, by System, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Industrial Safety Market size was estimated at USD 5,545.02 Million in 2020 and expected to reach USD 6,013.29 Million in 2021, at a Compound Annual Growth Rate (CAGR) 8.78% to reach USD 9,189.14 Million by 2026.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Industrial Safety Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Industrial Safety Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Industrial Safety Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Industrial Safety Market?

4. What is the competitive strategic window for opportunities in the Global Industrial Safety Market?

5. What are the technology trends and regulatory frameworks in the Global Industrial Safety Market?

6. What is the market share of the leading vendors in the Global Industrial Safety Market?

7. What modes and strategic moves are considered suitable for entering the Global Industrial Safety Market?

Market Dynamics

Drivers

  • Rapid rise in automotive manufacturing activities

  • Rising technological advancement producing reliable safety equipment

  • Increasing demand for the safety systems in the oil & gas industry

Restraints

  • Initial investment cost for the installation of industrial safety systems

  • Limited training initiatives and complicated safety standards

Opportunities

  • Rising demand for industrial safety systems in the oil, gas, automotive, and construction sectors

  • Stricter implementation of government protocols for creating a safer work culture Adoption of IIoT

Challenges

  • Minimizing cost and risk by improving workforce efficiency

  • Lack of awareness about the potential benefits of workplace safety programs by numerous businesses

Companies Mentioned

  • ABB Ltd

  • Balluff GmbH

  • Banner Engineering India Pvt. Ltd.

  • Emerson Electric Co.

  • Euchner

  • Fortress Interlocks

  • General Electric Company

  • HIMA Paul Hildebrandt GmbH

  • Honeywell International Inc.

  • IDEC Corporation

  • Johnson Controls International PLC

  • Keyence Corporation

  • Mitsubishi Electric Corporation

  • Omron Corporation

  • Paladon Systems Ltd.

  • Pilz India Pvt Ltd

  • Proserv Ingenious Simplicity

  • Rockwell Automation, Inc.

  • Schmersal India Pvt Ltd

  • Schneider Electric SE

  • SGS Group

  • Sick AG

  • Siemens AG

  • Yokogawa Electric Corporation

For more information about this report visit https://www.researchandmarkets.com/r/za04nc

View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005625/en/

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