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September 01, 2025Workplace Safety Market to Reach $44 Billion by 2031
Growth drivers include well-being, regulatory frameworks and AI-driven safety solutions, says new survey.
Organizations worldwide prioritizing occupational health, risk management, and compliance are responsible for a predicted CAGR of 13.50% growth in the safety market from 2024 to 20131, according to a new report published by Verified Market Research, released on August 18.
In 2024, the market was valued at $16.12 billion and is expected to reach $44.39 billion by the end of the forecast period.
Companies across industries, including construction, manufacturing and mining, are adopting smart technologies like IoT-enabled wearables, and AI-driven monitoring.
The report provides details on the market drivers.
Stringent Government Regulations and Compliance Standards -
September 01, 2025US Steel Plant Where 2 Died Has Previous Safety Issues
"This should not have happened and potentially could have been prevented," said Sylvia Johnson of the US Chemical and Safety Investigation Board.
As a result of the explosion on August 11 at the U.S. Steel Clairton Coke Works plant in Clairton, about 15 miles outside of Pittsburgh, two people are dead and 10 others are injured.
Of those injured, five are in critical but stable condition and five have been treated and released from the hospital, according to officials, as reported by ABC News.
The explosion occurred in the battery operating area at the plant was reported at 10:51 a.m., and "multiple secondary explosions" were reported after that, Allegheny County officials said.
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