Workplace Safety Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The global Workplace Safety Market size was estimated at USD 15.7 billion in 2023 and is projected to reach USD 32 billion in 2030 at a CAGR of 12.8% during the forecast period 2024-2030.
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The workplace safety market is undergoing significant growth driven by various factors that prioritize worker safety across industries worldwide. Key market players are actively introducing innovative solutions to meet the increasing demand for enhanced safety systems.
In response to stringent regulations imposed by organizations such as the National Institute of Occupational Safety and Health (NIOSH) and Occupational Safety and Health Administration (OSHA), companies are compelled to adopt comprehensive safety measures.
Regional Analysis
North America to Dominate the Market
North America holds the largest market share in workplace safety, driven by stringent regulations and early technology adoption. Industries prioritize safety solutions like surveillance and control systems to protect personnel and assets from various hazards. Manufacturing sectors enforce strict compliance, while technological advancements such as IoT integration enhance safety system efficiency. However, high initial investments and maintenance costs hinder market growth.
Competitive Landscape
· Honeywell
· 3M
· Ansell
· MSA Safety
· DuPont
· Johnson Controls
· Grainger
· Kimberly-Clark
· FallTech
· UL LLC (Underwriters Laboratories)
· Brady Corporation
· Dräger
· Haws Corporation
· Lakeland Industries
· RAE Systems and More
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Recent Developments
· In December 2022, Amazon Web Services has launched five new machine learning services: Amazon Monitron, Amazon Lookout for Equipment, AWS Panorama Appliance, AWS Panorama SDK, and Amazon Lookout for Vision. These offerings are designed to empower industrial and manufacturing sectors by integrating intelligence into their production workflows.
· In June 2021, Panasonic has introduced the SG-P series safety door switches, designed to allow workers to quickly check the open/closed status of production equipment doors.
The Workplace Safety Market is segmented into various segments such as Component, System, Application and Region:
Based on Component
· Hardware
· Software
· Services
Based on the System
· Real-time location monitoring
· Environmental Health & Safety
· Access Control & Surveillance System
Based on the Application
· Incident & Emergency Management
· Asset Tracking & Management
· PPE Detection
· Personnel/Staff Tracking
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In addition to the market data for the Workplace Safety Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
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