Canada Safety Services Market Size By Component (Software and Service), By End User Industry (Chemicals, Utilities, Oil and Gas, Petrochemicals), And Forecast

Canada Safety Services Market Size And Forecast

Canada Safety Services Market size was valued at USD 83.60 million in 2023 and is projected to reach USD 173.20 million by 2030, growing at a CAGR of 9.57% during the forecast period 2024-2030.

The rising workplace incidents are expected to drive the safety services market. Furthermore, the growing investments in safety services across the nation are expected to drive market growth in forthcoming years. The Canada report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Canada Safety Services Market Definition

Safety Services are basically like having someone on your team, making sure everything runs smoothly for companies involved in making and selling industrial products worldwide. They offer services like process safety testing to figure out what chemicals are made of and how to handle them safely. These safety experts have tons of real-world and technical know-how, and they team up with companies to figure out why accidents happen and how to stop them from happening again. They're all about spotting risky activities and cutting down on danger by digging deep to understand what went wrong in the first place. If you don't handle dangerous stuff correctly in a factory, it can cause some serious harm to people, animals, and the environment. Plus, a small mistake can quickly blow up into something much bigger if you don't react quickly and effectively. You can find out more here.

Furthermore, the safety services also include safety training of the organization employers. The safety service experts a wide range of safety training for chemists, engineers, and operations personnel. Both onsite and online training solutions are expected to enhance the safety, compliance, and productivity of the workplace. The software solutions are designed and developed to help companies manage safety and environmental performance, ensure compliance and minimize the associated risks.

Canada Safety Services Market Overview

With workplace incidents on the rise, it's no surprise the safety services market is expected to grow. OHS Canada reports that over 900 workers in Canada tragically died from work-related causes in 2019. And a sobering 2021 report, the Report on Workplace Fatalities and Injuries from the University of Regina, revealed some tough numbers590 Canadian workers lost their lives to occupation-related diseases, and another 335 died from workplace injuries in 2019 – that's a total of 925 people. The report also highlighted that Ontario, Alberta, New Brunswick, and Newfoundland and Labrador – four areas with over 100,000 workers – saw an increase in injury rates.

However, in spite of making progress in the regional market, the organizations experience potential budget constraints for adopting safety services which can cause a hindrance in its overall growth rate. Eliminating threats is impossible, therefore, setting up a protective shield against them without disrupting production, supply chain, and business growth is a top management issue. However, to maintain such a service the cost of investment can be high initially. Furthermore, the growing investments in safety services across the nation are expected to drive market growth in forthcoming years.

Canada Safety Services MarketSegmentation Analysis

The Canada Safety Services Market is segmented on the basis of Component, And End User Industry.

Canada Safety Services Market, By Component

• Software• Service

When we look at what makes up the market (the "Component" part), it basically splits into two thingsSoftware and Service. Back in 2020, Service was the bigger piece of the pie, and it's expected to keep growing fast – like, a super speedy 10.67% each year! Think about itgetting good advice (like consulting) on safety services is key. You want to make smart calls that help your business thrive. Safety is crucial for growing a healthy company, and using safety services helps create a risk-free workspace. Consulting helps create custom safety plans, and these services give you a step-by-step way to boost business, cut down on accidents, and make your company look even better.

Canada Safety Services Market, By End User Industry

• Chemicals• Utilities• Oil and Gas• Petrochemicals• Food & Beverages• Transportation & Hazardous Materials• Pharmaceuticals• Wastewater• Others

To Get Summarized Market Report By End User Industry-

On the basis of End User Industry, the Canada Safety Services Market has been segmented into Chemicals, Utilities, Oil and Gas, Petrochemicals, Food & Beverages, Transportation & Hazardous Materials, Pharmaceuticals, Wastewater, and Others. Chemicals accounted for the largest market share in 2020, and is projected to grow at a CAGR of 9.28% during the forecast period. Oil & Gas was the second-largest market in 2020, and it is projected to grow at the highest CAGR.

Key Players

The “Canada Safety Services Market” study report will provide valuable insight with an emphasis on the Canadian market. The major players in the market are ETQ Inc, Enablon Corporation, Intelex Technologies, Trinity Consultants, HSE Integrated, Gensuite, and others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• In June, 2019, Intelex technologies got acquired by Industrial Scientific, a one of the leading providers of the SaaS and sensing technology.The acquisition led to accelerates the EHSQ technologies to reduce the death incidences on the work place.

• In June, 2019, Enablon Corporation announced the new solutions for Health and Safety Management, Environmental & Sustainability.The introduction of the development in mobility, artificial intelligence (AI) and IOT integrations, led to accelerate the business growth.

Report Scope

To Get Customized Report Scope- 

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We dig into the market using both qual and quant methods, breaking it down by different groups based on things like money and even lifestyle choices. You'll get market values in USD Billion for every segment we identify. Plus, we'll tell you which region and segment we think will grow the fastest and be the biggest. We also analyze each geographic area, showing how much of the product/service they use and what's driving the market there. Want to know who the big players are? Our competitive landscape section ranks them and covers their new product launches, partnerships, expansions, and acquisitions over the last five years. We've got detailed company profiles too, including overviews, insights, benchmarking, and a SWOT analysis. We'll give you our take on the current and future market, covering growth opportunities, what's driving it, and the challenges in both new and established markets. We also analyze the market through different lenses, like Porter's 5 Forces and provide a look at the value chain. Finally, we'll cover market trends and where the growth opportunities are headed in the future, and you get 6 months of analyst support after the sale.

Customization of the Report

• In case of any  please connect with our sales team, who will ensure that your requirements are met.