Electrical Safety Management Market, By Type of Solution, By End-User Industry, By Service Provider, By Application, By Company Size, By Safety Standard, By Component, By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Keeping your equipment in safe working order starts with ensuring everyone is qualified to work on it. This includes determining who can and cannot touch live or energized parts. It’s also crucial to keep a lockout tagout (LOTO) policy in place so that equipment is fully de-energized when an employee needs to work on it. This prevents taking shortcuts that could potentially lead to electrical injuries.
Market Dynamics:
Stringent safety regulations, growing awareness of workplace safety, and rise in electrical accidents is anticipated to drive growth of the global electrical safety management market over the forecast period. Moreover, expansion of industrial and construction sectors is also expected to boost the growth of the global electrical safety management market over the forecast period. Advancements in technology, integration of data analytics, growth in renewable energy sector, and focus on remote monitoring are expected to create growth opportunities for the global electrical safety management market during the forecast period.
However, cost of implementation, lack of awareness and training, and resistance to change are expected to hamper growth of the electrical safety management market over the forecast period.
Key features of the study:
This report provides in-depth analysis of the global electrical safety management market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global electrical safety management market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Schneider Electric SE, ABB Ltd., Siemens AG, Eaton Corporation, Honeywell International Inc., Rockwell Automation, Inc., UL LLC (Underwriters Laboratories), Emerson Electric Co., General Electric (GE), Littelfuse, Inc., DuPont de Nemours, Inc., Fluke Corporation, Omicron Electronics GmbH, Megger Group Limited, MSA Safety Incorporated
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global electrical safety management market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electrical safety management market
Detailed Segmentation:
Global Electrical Safety Management Market, By Type of Solution:
Electrical Safety Training and Certification
Electrical Safety Audits and Inspections
Electrical Safety Equipment (PPE)
Electrical Safety Software and Monitoring Systems
Electrical Safety Consulting and Advisory Services
Global Electrical Safety Management Market, By End User Industry:
Manufacturing
Construction
Energy and Utilities
Healthcare
IT and Telecommunications
Transportation
Oil and Gas
Others
Global Electrical Safety Management Market, By Service Provider:
In-House Electrical Safety Management Teams
Third-Party Safety Consulting Firms
Equipment Manufacturers Offering Safety Solutions
Technology Providers for Safety Monitoring Systems
Government Agencies and Regulatory Bodies
Global Electrical Safety Management Market, By Application:
Power Distribution and Substations
Industrial Machinery and Equipment
Electrical Installations in Buildings and Infrastructure
Power Generation (Renewable and Conventional)
Electrical Maintenance and Repairs
Global Electrical Safety Management Market, By Company Size:
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
Global Electrical Safety Management Market, By Safety Standard:
National Electrical Code (NEC)
International Electrotechnical Commission (IEC) Standards
Occupational Safety and Health Administration (OSHA) Regulations
Other Local and International Safety Standards
Global Electrical Safety Management Market, By Component:
Hardware
Software
Services
Global Electrical Safety Management market, By Geography:
North America (United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, and Rest of APAC)
Middle East and Africa (UAE, Saudi Arabia, South Africa, and Rest of MEA)
Latin America (Brazil, Argentina, Mexico, and Rest of Latin America)
Company Profiles:
Schneider Electric SE
ABB Ltd.
Siemens AG
Eaton Corporation
Honeywell International Inc.
Rockwell Automation, Inc.
UL LLC (Underwriters Laboratories)
Emerson Electric Co.
General Electric (GE)
Littelfuse, Inc.
DuPont de Nemours, Inc.
Fluke Corporation
Omicron Electronics GmbH
Megger Group Limited
MSA Safety Incorporated
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Type of Solution
Market Snapshot, By End User Industry
Market Snapshot, By Service Provider
Market Snapshot, By Application
Market Snapshot, By Company Size
Market Snapshot, By Safety Standard
Market Snapshot, By Component
Market Snapshot, By Geography
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis