Industrial Safety Market Applications and Forecasts Up To 2026

Industrial safety is playing a significant role in practices and measures adopted for ensuring occupational safety in various industries. The system is used for preventing various occupational hazards and in many cases eliminate the cause of industrial accidents thus protecting personnel, the industrial environment, and the equipment and assets. World over, the systems for industrial safety are increasingly being demanded in several process industries, including paper and pulp, metal and mining, water and wastewater, power generation, and food manufacturing.

The incidence of workplace injuries affects the productivities in businesses of all sizes. In particular, fire hazards and electrical hazards may take a toll on the lives of industrial workers, severely constraining the productivity. The growing demand for workplace safety in various parts of the globe has propelled the demand for industrial safety. Industrial safety processes encompass various levels of safety shutdown system or emergency shutdown initiating protective action in case of untoward incident. Some of the other popular industrial safety elements used are fire and gas monitoring system, burner management systems, pressure protection systems, and turbomachinery control solutions.

Global Industrial Safety Market: Trends and Opportunities

The substantially rising demand for industrial safety systems in the oil and gas, automotive, and construction sectors is a notable factor instrumental in the rapid evolution of the market. The stricter implementation of government protocols for creating a safer work culture has imparted a noticeable momentum to the uptake of industrial safety systems. Rapid advances made in process manufacturing industries, especially in emerging economies, have led to a staggering adoption of industrial safety mechanisms. For instance, the rapid rise in automotive manufacturing activities has catalyzed the demand for industrial safety systems in various parts of the world.

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However, the uptake of industrial safety systems also faces certain challenges. The lack of awareness about the potential benefits of workplace safety programs by numerous businesses in process industries, especially in emerging markets, has crippled the demand for industrial safety. The limited training initiatives to create awareness about occupational hazards and ways to counter them are also causing setback to the market. However, over time, a growing number of businesses in end-use industries are making industrial safety a crucial part of employee policies. Moreover, creating a simple mechanism for helping employees to report incidents of industrial accidents goes a long way for ensuring industrial safety.

Global Industrial Safety Market: Regional Outlook

The study takes a crucial look at emerging trends in various regional markets and evaluates key factors that are likely to make some regions potentially lucrative over others during the assessment period. Among the various geographies, North America and Europe are witnessing substantial uptake of industrial safety systems. This is attributed to the implementation of workplace safety and health standards in numerous industries. Asia Pacific is likely to witness a promisingly growing demand for industrial safety, fueled by rapidly rising awareness about occupational hazards and industrial accidents, especially in the oil and gas and construction sectors.

Global Industrial Safety Market: Competitive Landscape

The report provides a critical assessment of the various strategies adopted by players to consolidate their positions or get a foothold over the market. It also takes a close look at their products and services and innovative launches in recent years. Some of the key players operating in the industrial safety market are Omron Corporation, Yokogawa Electric Corp., Siemens AG, Rockwell Automation, Inc., Schneider Electric SE, Honeywell International Inc., General Electric Company, Emerson Electric Co., and ABB Ltd.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Crypto Asset Management Market Share, Growth by Business Developments 2021 to 2028

The demand within the global market for crypto asset management has been rising on account of the nascent popularity of crypto currencies across the world. Crypto assets have become one of the most important areas of discussion across government entities, financial organisations, and large companies. The riveting pace of digitization across the world has compelled several industries and sectors to assimilate digital processes and frameworks. In this uncontrolled stampede towards a digital world, crypto currency has emerged as the financial counterpart of digital networks. Under crypto currency, the transaction of funds in done in the form of digital assets that have been developed with the help of strong cryptography techniques.

The financial security offered by crypto assets has played a key role in the growth of the global market for crypto asset management. Furthermore, the trust shown by several corporate and administrative entities in crypto assets has also emerged as a key reason behind the growth of the global market for crypto asset management.

The global market for crypto asset management can be segmented on the basis of the following parameters: platform, deployment type, end-user, and region. The presence of an expansive market for crypto asset management makes it necessary to understand the aforementioned segments. Several drivers and restraints of market demand can be explained by giving a detailed elucidation of the aforementioned segments.

A report added by Transparency Market Research (TMR) on the global crypto asset management market sheds value on several key dynamics that have aided market growth in recent times. The report is divided into multiple segments, and each of the segments caters to a different dynamics related to the market. The regional analysis of the global crypto asset management market has also been enunciated in the report.

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Global Crypto Asset Management Market: Trends and Opportunities

The emergence of several crypto currencies in recent times has become a key driving force behind the growth of the global market for crypto asset management. Furthermore, the presence of a number of corporate entities who have given a mark of credibility to crypto transactions has also played a pivotal role in the growth of the global market for crypto asset management. The seamless security offered by crypto currencies is unparalleled, and this factor has become a basis for growth within the global crypto asset management market. However, the huge amount of energy consumed for carrying out a single crypto transaction could pose a threat to the growth of the global market for crypto asset management.

Global Crypto Asset Management Market: Market Potential

The demand for crypto asset management is projected to gain momentum as several emerging economies including China and Japan invest their money in developing advanced crypto networks. Furthermore, scams and scandals during transaction of non-digital currencies have brought digital currencies under the spotlight of attention. Hence, it can be safely asserted that the global crypto asset management market would expand at a healthy CAGR in the years to come.

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Global Crypto Asset Management Market: Regional Outlook

The demand within the market for crypto asset management in Asia Pacific is expected to accumulate humongous revenues in the forthcoming years. This owes to the introduction of new crypto currencies in China, and the adoption of crypto assets by several corporate and financial entities in the region. The energy sector of North America and Europe has matured in recent times, and this has given a push to the growth of the market for crypto asset management in these regions.

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Cristobalite Market Growth Analysis and Research Report to 2030

The global cristobalite market was valued at US$ 30.52 Mn in 2019. It is anticipated to expand at a CAGR of ~6% during the forecast period. The global cristobalite market is driven by increase in the demand for cristobalite in the artificial marble industry across the globe. Asia Pacific accounts for a major share of the global cristobalite market, led by high demand for cristobalite among manufacturers of paints and coatings in the region.

Cristobalite is primarily utilized in construction-related activities. Other uses include manufacture of glass and ceramics. Cristobalite is employed in the manufacture of water glass (sodium silicate), which is used in the formulation of cement, passive fire protection, textile and lumber processing, manufacture of refractory ceramics, adhesive, and production of silica gel. In ceramics, cristobalite is employed in the manufacture of sanitary ware and as raw material for ceramic body for tiles.

The ceramic industry primarily consists of tiles, sanitary ware, tableware, and technical ceramics. Tiles hold a prominent share of the global ceramics market. According to the Ceramic World Web, the global production of ceramic tiles reached 13,099 million square meters in 2018, while global consumption of ceramic tiles reached 12,818 million square meters in the same year. Cristobalite is primarily utilized in the artificial marble industry. Artificial marble offers consumers an affordable alternative to natural marble, while maintaining a high level of color consistency and strength.

Artificial marble is mostly a mixture of polymer binders and mineral fillers such as cristobalite. Cristobalite flour is used as an inert and white filler in the manufacture of artificial marble. Excellent chemical inertness and mechanical strength of cristobalite make it a usable filler for artificial marble. Artificial marble is extensively utilized for flooring, walls, countertops, staircases, window sills, door sills, door jams, and sink tops. Thus, increase in the demand for glass & ceramics and artificial marble is likely to boost the demand for cristobalite during the forecast period.

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Rise in Demand for Paints & Coatings, and Investment Casting to Offer Lucrative Opportunities for Cristobalite Market

Cristobalite is employed as a filler in the manufacture of paints & coatings. It has fairly high hardness; consequently, it provides abrasion and scratch resistance to coatings. Cristobalite contributes to the visibility of road-marking paints as a filler with maximum brightness. Commonly used ingredients employed in the formulation of investment powder are gypsum, quartz, and cristobalite. Cristobalite, which is the principal ingredient used in investment casting, provides high thermal expansion and high temperature thermal shock resistance.

Investment casting is utilized in a wide range of applications such as dental casting materials and gold castings. For dental purposes, cristobalite is used in the production of dental impression materials and models of teeth. Cristobalite enables excellent dyeability and desired elasticity of the impression compound. Thus, an increase in the demand for paints & coatings and investment castings is estimated to augment the global cristobalite market.

Health Hazards and Number of Substitutes to Hamper Cristobalite Market

Cristobalite appears on the ‘Right to Know Hazardous Substance List.’ Two polymorphs of crystalline silica – quartz and cristobalite – have been classified as Group 1 carcinogens by the International Agency for Research on Cancer (IARC). Health hazards associated with exposure to crystalline silica arise from the inhalation of respirable particles. Respirable crystalline silica consists of particles that are smaller than 10 µm in aerodynamic diameter. Cristobalite can be replaced by quartz, barium sulfate, calcium carbonate, diatomaceous earth, dolomite, feldspar, glass powder, kaolin, mica, microspheres, silica, and talc. The enactment of stringent government regulations on the production of cristobalite is restraining the market.

Asia Pacific Dominates Cristobalite Market

Based on region, Asia Pacific accounted for a major share of the global cristobalite market in 2019. The demand for artificial marble is high in the region, especially in China, Japan, and South Korea.  China is projected to lead the market in Asia Pacific over the next few years, due to rise in consumer preference for cool white countertops in the country.

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Additionally, increase in building and construction activities across Asia Pacific is boosting the demand for cristobalite in cement and road marking applications. This, in turn, is driving the cristobalite market in Asia Pacific. Cristobalite is extensively employed as a raw material in the manufacture of silica-based chemicals such as silica gel. Rise in foreign direct investment in the building & construction industry in China and India is anticipated to further boost the demand for cristobalite in these countries.

Consolidated Nature of Cristobalite Market

The cristobalite market is dominated by large numbers of major players operating across the globes. The top three players — SCR-Sibelco NV, Silmer SA, and Hoben International Limited — cumulatively accounted for 91.6% share in 2019. SCR-Sibelco NV held 67.3% share of the global cristobalite market in 2019. The company’s success is primarily ascribed to its consistent production capacity expansion and development of new products. Silmer SA occupied 9.9% share of the cristobalite market in 2019, while Hoben International Limited constituted 14.4% share in the same year.

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Load Cell Market – Revolutionary Trends 2027

Transparency Market Research delivers key insights on the global load cell market. In terms of revenue, the global load cell market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global load cell market.

Load cells are used to measure weight by converting the force into electric output, which is measurable. Load cells have multiple applications such as baby scales, truck scales, supermarket scales, test and measurement equipment, waste collection vehicles, overhead cranes, infant incubators, hospital beds, and oil well pumps.

Load Cell Market: Dynamics

Load cells are transducers that convert mechanical force to electric output. They help in precise measurement of weight. They are employed in several sectors, including agriculture, automotive, food & beverages, and industrial. Load cells provide a large number of benefits when used in agriculture, automotive, and industrial applications. Furthermore, load cells provide accurate weight even under harsh environments, including extreme temperatures and humidity and extreme weather conditions. Owing to the ability to withstand harsh environments, the demand for load cells is on the rise. Several manufacturers are developing new products to cater to various applications. For instance, in 2019, Straightpoint, a load cell manufacturer, launched the Bluelink load cell, which is suitable for use in severe industrial environments.

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Weighing accuracy is an important aspect considered while designing load cells, as several industries including healthcare and food & beverages rely greatly on high-quality weight measurement. Industries have been using traditional mechanical weighing systems or force measurement products over the years, owing to their low prices. However, due to the increasing demand for load cells from various industries, manufacturers have started producing new and advanced load cells. These new load cells would help customers in measurement of weight and reading of data through mobile apps. Moreover, manufacturers are also designing and building vital load cell components for use in highly regulated industries such as pharmaceutical and food & beverages.

Load Cell Market: Prominent Regions

Europe is expected to dominate the global load cell market during the forecast period, owing to early penetration of technologies, presence of a large number of well-established players providing load cells, and increasing demand for load cells across industrial applications, including test & measurement equipment and automotive weighing systems. Countries such as the U.K., Germany, and France are major markets for load cells in Europe.

Moreover, the growth of the market in Europe is attributable to the imposition of increased landfill taxes (levied on materials disposed at landfill sites) in countries such as the U.S., owing to which load cells are being used in the country significantly for accurate measurement of weight of the waste to be disposed of into landfills. In addition to this, they are using truck scales to ensure precise weighing of trucks. Furthermore, the market in Asia Pacific and North America is projected to expand at a significant pace during the forecast period, as a result of growing use of load cells in agriculture and food & beverages sectors. The U.S., China, Japan, and India are prominent countries in these regions.

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Load Cell Market: Key Players

A global load cell market witnesses a presence of a large number of well-established as well as emerging players. A few of the key players operating in the global load cell market are Tecsis GmbH, Honeywell International Inc., OMEGA Engineering, TE Connectivity, ALFA LAVAL, HBM, FUTEK Advanced Sensor Technology, Inc., ABB, and Flintec. These players are launching new products to gain higher market share. For instance, in June 2019, FUTEK Advanced Sensor Technology, Inc., a load cell manufacturer, launched a new load cell, which is sub-miniature in nature and is an addition to the company’s LCM load cell series. The capacity of this load cell ranges from 25 lbs. to 1,000 lbs.

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Collision Avoidance Sensor Market Global Competition and Business Outlook 2027

Transparency Market Research delivers key insights on the global collision avoidance sensor market. In terms of revenue, the global collision avoidance sensor market is estimated to expand at a CAGR of 13% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global collision avoidance sensor market.

Various equipment are required for sensing of an object in front of an insensible object. Transportation systems such as cars and aircraft require a safe warning system in case of any object obstructing their path. These warning systems can be equipped with various sensors that can detect very small objects in front of them. A collision avoidance system (CAS), also known as a pre-crash system, forward collision warning system, or collision mitigation system, is an automobile, drone, or aircraft safety system designed to prevent or reduce the severity of a collision.

In its basic form, a forward collision warning system monitors the vehicle speed, the speed of another vehicle in front of it, and the distance between the two vehicles so as to warn the driver if the other vehicle gets too close. Increasing demand for usage of premium vehicles worldwide and government regulations on autonomous vehicles and automobile safety systems are expected to boost the global collision avoidance sensor market during the forecast period.

Collision Avoidance Sensor Market: Dynamics

Technological advancements, growing concerns about safety, and rising purchasing power of buyers for premium or autonomous cars are factors driving the sale of high-end and medium-range vehicles worldwide.

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This advanced class of vehicles consisting of anti-collision sensors with different technologies such as radar, LiDAR, or ultrasound comprises advanced driver assistant systems such as brake assists, forward-collision warning, lane-departure warning, automatic emergency braking, pedestrian detection, adaptive cruise control, blind-spot detection, automatic high beams, and backup cameras. Several of these features are made mandatory by governments and regulatory bodies across the world.

The European Union has already mandated the use of autonomous emergency braking systems, lane departure warning systems, electronic stability controls, and automatic brake systems in vehicles. Due to increasing demand for autonomous vehicles, automobile manufacturers across the world are significantly investing in R&D activities and introducing innovative features in monitoring, warning, steering, and braking systems for differentiation of products from its competitors.  These are expected to be prominent factors propelling the global collision avoidance sensor market during the forecast period.

Collision Avoidance Sensor Market: Prominent Regions

Europe is the dominant region of the global collision avoidance sensor market. Growth of the market in the region can be attributed to high investments in collision avoidance sensor systems in the region. In this technology, various types of sensors are used, which include radar, LiDAR, and ultrasonic sensors. Among these, radar anti-collision sensors are largely used for safety systems in the region. Additionally, various regulations have been imposed by governments in the region on the use of ADAS (Advanced Driver Assistance Systems). The range and the lack of wide bandwidth make the 24 GHz band unattractive for implementation in new radar systems. The need for high performance in emerging radar applications adds to this.

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Thus, from 2022, owing to spectrum regulations and standards developed by the Federal Communications Commission (FCC) and the European Telecommunications Standards Institute (ETSI), the ultra-wide band (UWB) is expected to be completely phased out. This is likely to boost the demand for collision avoidance sensors in Europe between 2019 and 2027. The market in North America and Asia Pacific is estimated to witness significant growth during the forecast period, owing to high demand for premium and safety vehicles in these regions. The collision avoidance sensor market in Middle East & Africa and South America is expected to witness moderate growth in the near future.

Collision Avoidance Sensor Market: Key Players

Key players operating in the global collision avoidance sensor market are Robert Bosch GmbH, Denso Corporation, Rockwell Collins, General Electric Company, Continental AG, Honeywell International Inc., Infineon Technologies AG., Magna International Inc., Microchip Technology Inc., and NXP Semiconductor.

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Water Meter Market Share, Growth Survey 2020 to 2027 and Industry Analysis Report

Some of the prominent players operating in the water meter market are Arad Group, Badger Meter, Itron, and Kamstrup. These players are increasing focus towards the adopting various strategies in order to strengthen foot hold in the smart water metering market.

Contracts, agreements, business expansion and mergers and collaboration are some of the widely adopted strategies by the players.

For instance, in 2018, Kamstrup, leading water metering solution manufacturer announced the opening of its new manufacturing plant in United States.

Moreover, in 2018, Diehl, a key service provider has announced their products are available on Microsoft Azure. The company deals in several software associated with water meter. The cloud technology will help them offer a central platform for all of the energy data. Thus helping them make software access simpler and more cost-efficient for a range of manufacturers.

According to a report by Transparency Market Research (TMR), the global water meter market is projected to attain a valuation of US$6.1 bn by the end of 2027. The analysts recorded a valuation of US$4.0 bn in 2018. The water meter market is projected to showcase a steady CAGR of 4.7% during the forecast period.

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On the basis of geography, Asia Pacific is expected to hold a majority of share in the global market during 2019 to 2027.  This is mainly due to the improving infrastructure and rapidly increasing industrialization and urbanization in the region. Based on application, the water meter market is segmented into residential, commercial and industrial segment. Among these, residential sector is anticipated to continue to lead throughout the forecast period. This is because, household residents are the key consumers of water meter market.

Need to Reduce Cost of Operation to Fuel Market’s Growth

The water meter market is projected to attain rise at a healthy CAGR during the coming few years. Growing concern toward water management, need to reduce cost of operation and rise in number of consumers are some of the prominent factor expected to boost the global water meter market in the coming few years.

In addition to this, rising integration of advanced technologies such as Internet of Things and automation in the water meters are some other factors which are expected offer several lucrative prospects to the growth of the water meter market. The accuracy of this equipment and controlled, monitored and transparent billing methods offered by these meters are boosting the consumer’s demands.

Further, players in the water meter market are increasingly integrating several advanced sensors and monitors with the water meter that offers additional data such as water velocity, quality and water flow rate. This is helping industry players efficiently manage water throughout the operation. These factors are driving the growth of the global water meter market.

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Moreover, ultrasonic meters have a longer life span, and they are able to transmit real-time data using communication network connectivity; the data is analyzed by meter data management systems or central monitoring software platforms.

Lack of Governmental Support to Impede Growth

Despite several advancements and growth in the water meter market is likely to suffer from factors such as lack of sufficient financial infrastructure and lack of governments support in developing countries, as per a recent report by World Water Development Report, on an average 480 million people in Asia suffer from water scarcity.

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Motor Soft Starter Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2027

Transparency Market Research delivers key insights on the global motor soft starter market. In terms of revenue, the global motor soft starter market is estimated to expand at a CAGR of ~7% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global motor soft starter market.

A motor soft starter is a device that starts a motor at low power supply. This reduces potentially damaging electric and mechanical shocks that can be caused to the system. Motor soft starters are used with AC electric motors to reduce the load and torque for a power train, temporarily.

This is performed to reduce the mechanical stress and increase the durability of the motor. The two basic components of a motor soft starter are power switches, such as SCRs, which need to be phase–controlled; and a control unit with PID controllers or microcontrollers or any other logic that controls the application of gate voltage to the SCR. The application motor soft starters include pumps, compressors, conveyor belts, fans, elevators and escalators, crushers and mills, and others (mixers, stirrers).

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Global Motor Soft Starter Market: Dynamics

The global motor soft starter market is witnessing significant growth, owing to the increased demand for next-generation, fuel-efficient motor soft starters. Moreover, industrial organizations and manufacturers across the globe are increasingly investing in the protection of expensive assets, such as electric equipment and machinery, from damage. Since soft starters play a crucial role in protecting electric systems from high inrush currents and mechanical systems from high instantaneous torque, manufacturers prefer soft starters for the improvement of the safety of electric systems.

Global Motor Soft Starter Market: Prominent Regions

North America is the dominant region of the global motor soft starter market. This growth can be attributed to high investments in industrial automation in North America, and large number of manufacturers operating in the region. Moreover, the improved environment for investments in infrastructure development is expected to drive the demand for fluid pumps in the near future. This, in turn, is expected to fuel the demand for motor soft starters required for pumps in the next few years. Furthermore, the presence of a large number of manufacturers of motor soft starters is likely to boost the motor soft starter market in North America in the near future.

The market in Asia Pacific is estimated to witness significant growth during the forecast period, owing to rising investments in the motor soft starter market in the region. Moreover, the demand for pumps is expected to increase from developing nations with large mining industries in the next few years. Additionally, increasing investments for access to water supply and sanitation, and growth of the process manufacturing industry, are expected to drive the demand for pumps in developing countries in the next few years. This, in turn, is expected to boost the global motor soft starter market during the forecast period.

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Global Motor Soft Starter Market: Key Players

Key players operating in the global motor soft starter market are ABB Ltd, Crompton Greaves Ltd. (EMOTRON TSA), Danfoss A/S, Eaton Corporation, Motortronics UK Ltd, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Toshiba International Corporation Pty Ltd, and Weg SA.

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