How big is the Industrial Safety Market?

The Industrial Safety Market size is expected to reach USD 6.24 billion in 2024 and grow at a CAGR of 4.49% to reach USD 7.78 billion by 2029. Read More

What is the current Industrial Safety Market size?

In 2024, the Industrial Safety Market size is expected to reach USD 6.24 billion. Read More

Who are the key players in Industrial Safety Market?

Schneider Electric SE, Honeywell International Inc., ABB Ltd., Rockwell Automation, Inc. and Siemens AG are the major companies operating in the Industrial Safety Market. Read More

Which is the fastest growing region in Industrial Safety Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Industrial Safety Market?

In 2024, the Asia Pacific accounts for the largest market share in Industrial Safety Market. Read More

What years does this Industrial Safety Market cover, and what was the market size in 2023?

In 2023, the Industrial Safety Market size was estimated at USD 5.96 billion. The report covers the Industrial Safety Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Safety Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Industrial Safety Market Share

Statistics for the 2023 & 2024 Industrial Safety market share, created by Mordor Intelligence™ Industry Reports. Industrial Safety share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Industrial Safety Industry

The industrial safety market is fragmented and consists of various players. Market players adopt strategies such as strategic mergers and acquisitions, product innovations, and market expansions to stay ahead of the competition. Some of the key players include Siemens AG, Rockwell Automation Inc., ABB Ltd, Honeywell International Inc., and Schneider Electric SE. Some of the recent developments in the market include:

In July 2024, Fortress Safety announced the acquisition of Remlive, a firm renowned for its expertise in electrical safety warning indicators. This strategic initiative is designed to augment the Fortress product range by incorporating Remlive’s advanced live circuit detection technology, which contributes to minimizing workplace accidents and enhancing overall safety.
In June 2024, Sick introduced a new sensor for demanding industrial settings. This enhancement to Sick's sensor lineup aims to improve the reliability, durability, and consistency of machinery components, which the company emphasizes as essential for minimizing maintenance requirements and avoiding expensive operational interruptions. The IMG sensor is directed toward manufacturers and system integrators who encounter regular site maintenance due to component malfunctions.