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Safety Instrumented Systems Market Supply jordan 11 shoes clearance , Demand, Cost Structure Analysis by 2024
by Miller@21 · February 19, 2019

According to the market research report “Industrial Safety Market by Product Type (ESD, HIPPS, TMC, BMS, and F&GM), Component (Safety Sensors, Safety Switches, Programmable Safety Systems, Safety Valves, Emergency Stop Devices), Industry, and Region – Global Forecast to 2024″, the industrial safety market was worth USD 3.3 billion in 2019 and is expected to reach USD 5.4 billion by 2024, at a CAGR of 8.6% during the forecast period. The major factors fueling the growth include mandates for safety regulations, rising demand for safety systems in the oil & gas industry, rising need for reliable safety systems for personnel and asset protection, industrial revolution 4.0, and growing automation in hazardous industrial areas.



鈥淪afety sensors to lead industrial safety market by 2024鈥?p> Sensors used in a safety system are developed and designed to ensure safe, logic-based outputs in case a measurement or signal transmission does not occur. These safety sensors include the elements of redundancy wherein if any one element fails, another takes control over the operation and avoids productivity losses resulting from a shutdown. Safety sensors are used in automatic safety barriers, edges, electronic safety sensors, emergency stops (e-stops), palm buttons, safety controls, laser scanners, light curtains, mats, optoelectronic devices (single and multi-beam), and two-hand safety controls. Industrial safety incorporates various types of sensors such as temperature, infrared (IR), ultra-violet (UV), touch, and proximity sensors. Safety sensors are used in all industrial safety as they perform important functions such as continuous process sensing and finding inconsistencies within processes.

Download PDF Brochure @ ergency shutdown systems to hold largest share of industrial safety market during forecast period鈥?p> The rising demand for industrial safety-certified ESD systems in process and discrete industries and the increasing implementation of industrial safety measures by several governments are the key factors driving the growth of the market for ESD systems. Oil & gas plants are prone to incidents that can adversely affect people and the environment. Industrial safety systems such as emergency shutdown systems can considerably reduce the risk of accidents in oil & gas plants by initiating plant shutdown in emergencies. Therefore, industrial safety systems are widely used in the oil & gas industry. Internationally recognized standards such as ANSIISA S84.01 and IEC 61508 serve as guidelines to ensure industrial safety to mitigate or avoid hazardous situations. ESD systems are widely used in petrochemicals, pharmaceuticals, manufacturing, power, and healthcare industries.