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Lockout Tagout Equipment-Global Market Insights and Sales Trends 2024
Synopsis
The Lockout Tagout Equipment market covers Electrical Equipment Lockouts, Valve Lockouts, etc. The typical players include Master Lock, Brady, Panduit, ABUS, Honeywell, etc.
Lockout-tagout (LOTO) or lock and tag is a safety procedure which is used in industry and research settings to ensure that dangerous machines are properly shut off and not able to be started up again prior to the completion of maintenance or servicing work.
The global Lockout Tagout Equipment market size is expected to reach US$ 360.2 million by 2029, growing at a CAGR of 5.4% from 2023 to 2029. The market is mainly driven by the significant applications of Lockout Tagout Equipment in various end use industries. The expanding demands from the Energy and Power, Machinery, Petrochemical and Chemical, are propelling Lockout Tagout Equipment market. Electrical Equipment Lockouts, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Valve Lockouts segment is estimated at % CAGR for the next seven-year period.
The major producers in the industry are Master Lock, Brady and Panduit, with revenue ratios of 32.71%, 24.81% and 5.24% respectively in 2019.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Lockout Tagout Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Lockout Tagout Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Lockout Tagout Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Lockout Tagout Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Lockout Tagout Equipment covered in this report include Master Lock, Brady, Panduit, ABUS, Honeywell, Castell, ZING Green Safety Products, Beijing TEHS and Accuform Manufacturing, etc.
The global Lockout Tagout Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Master Lock
Brady
Panduit
ABUS
Honeywell
Castell
ZING Green Safety Products
Beijing TEHS
Accuform Manufacturing
Value-Tech
Marst
Global Lockout Tagout Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Lockout Tagout Equipment market, Segment by Type:
Electrical Equipment Lockouts
Valve Lockouts
Others
Global Lockout Tagout Equipment market, by Application
Energy and Power
Machinery
Petrochemical
Chemical
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Lockout Tagout Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Lockout Tagout Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The Lockout Tagout Equipment market covers Electrical Equipment Lockouts, Valve Lockouts, etc. The typical players include Master Lock, Brady, Panduit, ABUS, Honeywell, etc.
Lockout-tagout (LOTO) or lock and tag is a safety procedure which is used in industry and research settings to ensure that dangerous machines are properly shut off and not able to be started up again prior to the completion of maintenance or servicing work.
The global Lockout Tagout Equipment market size is expected to reach US$ 360.2 million by 2029, growing at a CAGR of 5.4% from 2023 to 2029. The market is mainly driven by the significant applications of Lockout Tagout Equipment in various end use industries. The expanding demands from the Energy and Power, Machinery, Petrochemical and Chemical, are propelling Lockout Tagout Equipment market. Electrical Equipment Lockouts, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Valve Lockouts segment is estimated at % CAGR for the next seven-year period.
The major producers in the industry are Master Lock, Brady and Panduit, with revenue ratios of 32.71%, 24.81% and 5.24% respectively in 2019.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Lockout Tagout Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Lockout Tagout Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Lockout Tagout Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Lockout Tagout Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Lockout Tagout Equipment covered in this report include Master Lock, Brady, Panduit, ABUS, Honeywell, Castell, ZING Green Safety Products, Beijing TEHS and Accuform Manufacturing, etc.
The global Lockout Tagout Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Master Lock
Brady
Panduit
ABUS
Honeywell
Castell
ZING Green Safety Products
Beijing TEHS
Accuform Manufacturing
Value-Tech
Marst
Global Lockout Tagout Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Lockout Tagout Equipment market, Segment by Type:
Electrical Equipment Lockouts
Valve Lockouts
Others
Global Lockout Tagout Equipment market, by Application
Energy and Power
Machinery
Petrochemical
Chemical
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Lockout Tagout Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Lockout Tagout Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Lockout Tagout Equipment Market Overview
1.1 Lockout Tagout Equipment Product Overview
1.2 Lockout Tagout Equipment Market Segment by Type
1.2.1 Electrical Equipment Lockouts
1.2.2 Valve Lockouts
1.2.3 Others
1.3 Global Lockout Tagout Equipment Market Size by Type
1.3.1 Global Lockout Tagout Equipment Market Size Overview by Type (2018-2029)
1.3.2 Global Lockout Tagout Equipment Historic Market Size Review by Type (2018-2023)
1.3.3 Global Lockout Tagout Equipment Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Lockout Tagout Equipment Sales Breakdown by Type (2018-2023)
1.4.2 Europe Lockout Tagout Equipment Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Lockout Tagout Equipment Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Lockout Tagout Equipment Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Lockout Tagout Equipment Sales Breakdown by Type (2018-2023)
2 Global Lockout Tagout Equipment Market Competition by Company
2.1 Global Top Players by Lockout Tagout Equipment Sales (2018-2023)
2.2 Global Top Players by Lockout Tagout Equipment Revenue (2018-2023)
2.3 Global Top Players by Lockout Tagout Equipment Price (2018-2023)
2.4 Global Top Manufacturers Lockout Tagout Equipment Manufacturing Base Distribution, Sales Area, Product Type
2.5 Lockout Tagout Equipment Market Competitive Situation and Trends
2.5.1 Lockout Tagout Equipment Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Lockout Tagout Equipment Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Lockout Tagout Equipment as of 2022)
2.7 Date of Key Manufacturers Enter into Lockout Tagout Equipment Market
2.8 Key Manufacturers Lockout Tagout Equipment Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Lockout Tagout Equipment Status and Outlook by Region
3.1 Global Lockout Tagout Equipment Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Lockout Tagout Equipment Historic Market Size by Region
3.2.1 Global Lockout Tagout Equipment Sales in Volume by Region (2018-2023)
3.2.2 Global Lockout Tagout Equipment Sales in Value by Region (2018-2023)
3.2.3 Global Lockout Tagout Equipment Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Lockout Tagout Equipment Forecasted Market Size by Region
3.3.1 Global Lockout Tagout Equipment Sales in Volume by Region (2024-2029)
3.3.2 Global Lockout Tagout Equipment Sales in Value by Region (2024-2029)
3.3.3 Global Lockout Tagout Equipment Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Lockout Tagout Equipment by Application
4.1 Lockout Tagout Equipment Market Segment by Application
4.1.1 Energy and Power
4.1.2 Machinery
4.1.3 Petrochemical
4.1.4 Chemical
4.1.5 Others
4.2 Global Lockout Tagout Equipment Market Size by Application
4.2.1 Global Lockout Tagout Equipment Market Size Overview by Application (2018-2029)
4.2.2 Global Lockout Tagout Equipment Historic Market Size Review by Application (2018-2023)
4.2.3 Global Lockout Tagout Equipment Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Lockout Tagout Equipment Sales Breakdown by Application (2018-2023)
4.3.2 Europe Lockout Tagout Equipment Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Lockout Tagout Equipment Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Lockout Tagout Equipment Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Lockout Tagout Equipment Sales Breakdown by Application (2018-2023)
5 North America Lockout Tagout Equipment by Country
5.1 North America Lockout Tagout Equipment Historic Market Size by Country
5.1.1 North America Lockout Tagout Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Lockout Tagout Equipment Sales in Volume by Country (2018-2023)
5.1.3 North America Lockout Tagout Equipment Sales in Value by Country (2018-2023)
5.2 North America Lockout Tagout Equipment Forecasted Market Size by Country
5.2.1 North America Lockout Tagout Equipment Sales in Volume by Country (2024-2029)
5.2.2 North America Lockout Tagout Equipment Sales in Value by Country (2024-2029)
6 Europe Lockout Tagout Equipment by Country
6.1 Europe Lockout Tagout Equipment Historic Market Size by Country
6.1.1 Europe Lockout Tagout Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Lockout Tagout Equipment Sales in Volume by Country (2018-2023)
6.1.3 Europe Lockout Tagout Equipment Sales in Value by Country (2018-2023)
6.2 Europe Lockout Tagout Equipment Forecasted Market Size by Country
6.2.1 Europe Lockout Tagout Equipment Sales in Volume by Country (2024-2029)
6.2.2 Europe Lockout Tagout Equipment Sales in Value by Country (2024-2029)
7 Asia-Pacific Lockout Tagout Equipment by Region
7.1 Asia-Pacific Lockout Tagout Equipment Historic Market Size by Region
7.1.1 Asia-Pacific Lockout Tagout Equipment Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Lockout Tagout Equipment Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Lockout Tagout Equipment Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Lockout Tagout Equipment Forecasted Market Size by Region
7.2.1 Asia-Pacific Lockout Tagout Equipment Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Lockout Tagout Equipment Sales in Value by Region (2024-2029)
8 Latin America Lockout Tagout Equipment by Country
8.1 Latin America Lockout Tagout Equipment Historic Market Size by Country
8.1.1 Latin America Lockout Tagout Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Lockout Tagout Equipment Sales in Volume by Country (2018-2023)
8.1.3 Latin America Lockout Tagout Equipment Sales in Value by Country (2018-2023)
8.2 Latin America Lockout Tagout Equipment Forecasted Market Size by Country
8.2.1 Latin America Lockout Tagout Equipment Sales in Volume by Country (2024-2029)
8.2.2 Latin America Lockout Tagout Equipment Sales in Value by Country (2024-2029)
9 Middle East and Africa Lockout Tagout Equipment by Country
9.1 Middle East and Africa Lockout Tagout Equipment Historic Market Size by Country
9.1.1 Middle East and Africa Lockout Tagout Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Lockout Tagout Equipment Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Lockout Tagout Equipment Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Lockout Tagout Equipment Forecasted Market Size by Country
9.2.1 Middle East and Africa Lockout Tagout Equipment Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Lockout Tagout Equipment Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Master Lock
10.1.1 Master Lock Company Information
10.1.2 Master Lock Introduction and Business Overview
10.1.3 Master Lock Lockout Tagout Equipment Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Master Lock Lockout Tagout Equipment Products Offered
10.1.5 Master Lock Recent Development
10.2 Brady
10.2.1 Brady Company Information
10.2.2 Brady Introduction and Business Overview
10.2.3 Brady Lockout Tagout Equipment Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Brady Lockout Tagout Equipment Products Offered
10.2.5 Brady Recent Development
10.3 Panduit
10.3.1 Panduit Company Information
10.3.2 Panduit Introduction and Business Overview
10.3.3 Panduit Lockout Tagout Equipment Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Panduit Lockout Tagout Equipment Products Offered
10.3.5 Panduit Recent Development
10.4 ABUS
10.4.1 ABUS Company Information
10.4.2 ABUS Introduction and Business Overview
10.4.3 ABUS Lockout Tagout Equipment Sales, Revenue and Gross Margin (2018-2023)
10.4.4 ABUS Lockout Tagout Equipment Products Offered
10.4.5 ABUS Recent Development
10.5 Honeywell
10.5.1 Honeywell Company Information
10.5.2 Honeywell Introduction and Business Overview
10.5.3 Honeywell Lockout Tagout Equipment Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Honeywell Lockout Tagout Equipment Products Offered
10.5.5 Honeywell Recent Development
10.6 Castell
10.6.1 Castell Company Information
10.6.2 Castell Introduction and Business Overview
10.6.3 Castell Lockout Tagout Equipment Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Castell Lockout Tagout Equipment Products Offered
10.6.5 Castell Recent Development
10.7 ZING Green Safety Products
10.7.1 ZING Green Safety Products Company Information
10.7.2 ZING Green Safety Products Introduction and Business Overview
10.7.3 ZING Green Safety Products Lockout Tagout Equipment Sales, Revenue and Gross Margin (2018-2023)
10.7.4 ZING Green Safety Products Lockout Tagout Equipment Products Offered
10.7.5 ZING Green Safety Products Recent Development
10.8 Beijing TEHS
10.8.1 Beijing TEHS Company Information
10.8.2 Beijing TEHS Introduction and Business Overview
10.8.3 Beijing TEHS Lockout Tagout Equipment Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Beijing TEHS Lockout Tagout Equipment Products Offered
10.8.5 Beijing TEHS Recent Development
10.9 Accuform Manufacturing
10.9.1 Accuform Manufacturing Company Information
10.9.2 Accuform Manufacturing Introduction and Business Overview
10.9.3 Accuform Manufacturing Lockout Tagout Equipment Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Accuform Manufacturing Lockout Tagout Equipment Products Offered
10.9.5 Accuform Manufacturing Recent Development
10.10 Value-Tech
10.10.1 Value-Tech Company Information
10.10.2 Value-Tech Introduction and Business Overview
10.10.3 Value-Tech Lockout Tagout Equipment Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Value-Tech Lockout Tagout Equipment Products Offered
10.10.5 Value-Tech Recent Development
10.11 Marst
10.11.1 Marst Company Information
10.11.2 Marst Introduction and Business Overview
10.11.3 Marst Lockout Tagout Equipment Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Marst Lockout Tagout Equipment Products Offered
10.11.5 Marst Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Lockout Tagout Equipment Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Lockout Tagout Equipment Industrial Chain Analysis
11.4 Lockout Tagout Equipment Market Dynamics
11.4.1 Lockout Tagout Equipment Industry Trends
11.4.2 Lockout Tagout Equipment Market Drivers
11.4.3 Lockout Tagout Equipment Market Challenges
11.4.4 Lockout Tagout Equipment Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Lockout Tagout Equipment Distributors
12.3 Lockout Tagout Equipment Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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