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Safety Signs Market to Reach $3.8 Billion, Globally, by 2032 at 5% CAGR: Allied Market Research

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PORTLAND, Ore., July 31, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Safety Signs Market by Type (Steel, Plastic, Aluminum, Fiberglass, and Others) and Applications (Industrial, Commercial, and Residential): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the safety signs market was valued at $2.5 billion in 2023, and is estimated to reach $3.8 billion by 2032, growing at a CAGR of 5% from 2024 to 2032.

The global safety signs market is experiencing growth due to several factors such as development of connected infrastructure and integration of small signs with intelligent transportation systems. However, high system costs and exposure to adverse weather hinder market growth. Moreover, growing demand for digital signage offers remunerative opportunities for the expansion of the global market.  

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Report Coverage & Details:

Report Coverage 

Details 

Forecast Period 

2023–2032 

Base Year 

2023

Market Size in 2022 

$2.5 billion 

Market Size in 2032 

$3.8 billion 

CAGR 

5 %

No. of Pages in Report 

333

Segments Covered 

Material, End User, and Region. 

Drivers

Development of Connected Infrastructure 

Integration of Small Signs with Intelligent Transportation Systems 

Opportunities

Growing Demand for Digital Signage 

Restraint

High System Costs and Exposure to Adverse Weather Conditions 

 

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Segment Highlights 

The polymer segment to maintain its lead position during the forecast period   

By material, the polymer safety signs play a critical role in ensuring the well-being of workers and visitors by alerting them to potential hazards associated with polymer production or handling. These signs are strategically placed throughout the facility to effectively communicate safety information.

Chemical hazard signs are prominently displayed to indicate the presence of hazardous chemicals used in polymer production. These signs often feature symbols or pictograms representing the type of hazard, such as flammability or corrosiveness, along with appropriate safety precautions. Fire safety signs provide crucial information on fire exits, fire extinguisher locations, and emergency procedures in case of a fire. 

Moreover, suppliers are also focusing on using recyclable materials to produce these signs. For example, ZING Green Safety Products, a manufacturer of environmentally friendly compliance products, focuses on the use of recyclable materials. All products manufactured by the company are made from recycled or rapidly renewable materials. Hence, such factors will fuel the market expansion during the forecast period.  

The Industrial segment to maintain its lead position during the forecast period 

By end user, the adoption of digital and smart signage solutions, which offer real-time updates and enhanced visibility. Increasing regulatory standards and the focus on occupational safety are driving demand for high-visibility and photoluminescent signs. Also, the integration of safety signs with other safety systems, like alarms and sensors is driving the industrial application in the safety signs market. 

Region-wise, the North America safety sign market is developed and well-established, especially in the U.S. Agencies such as Occupational Safety and Health Administration (OSHA) enforce strict safety regulations and standards throughout the region. Several industries, including manufacturing, construction, healthcare, and transportation, are the main drives of the market in North America. Thus, the market penetration of safety signs is on the rise in the region.

Leading market players are working together with other companies to keep one step ahead of the competition. To increase the variety of products they offer, many businesses are also investing in the introduction of new products. Another significant strategy used by players to expand their product lines is mergers and acquisitions. Smart signs?are being incorporated into safety signs to improve their functionality. The Internet of Things (IoT) provides real-time monitoring of sign conditions, including visibility, battery levels, and maintenance requirements, through sensors and connectivity. By integrating them, safety sign management becomes more efficient and timely repairs or replacements are guaranteed.

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Key Players

Accuform ManufacturingBradyRubbermaid Commercial ProductsPVC Safety SignsNorthern Safety CompanyMisumiBig Beam Emergency SystemsEcoglo InternationalBrimar IndustriesCompliance SignsEMD

The report provides a detailed analysis of these key players in the global safety signs market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Report Review

The safety signs market is experiencing several key trends driven by technological advancements, regulatory changes, and increasing awareness of workplace safety. One prominent trend is the integration of digital and smart safety signs. These signs use LED displays and IoT connectivity to provide real-time updates and interactive alerts, enhancing their effectiveness in dynamic environments. Another trend is the growing emphasis on regulatory compliance, with stricter safety standards and regulations prompting businesses to invest in high-quality safety signage to avoid legal penalties and ensure worker safety?.

In addition, the market is witnessing a rise in customization and personalization of safety signs to meet specific organizational needs and branding. This includes tailored messages, company logos, and color schemes that align with corporate identity while maintaining safety compliance. Environmental sustainability is also influencing the market, with an increasing demand for eco-friendly materials and energy-efficient lighting options in safety signs. This shift is driven by both regulatory requirements and corporate social responsibility initiatives?.

Furthermore, the increasing adoption of automation and advanced manufacturing processes is enabling the production of more durable and cost-effective safety signs. This is particularly important in industries with harsh environmental conditions, where durability and visibility are critical. Lastly, the rising awareness of safety in emerging markets is contributing to market growth, as businesses in these regions invest more in comprehensive safety solutions to protect workers and comply with international standards.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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On World Cleanup Day 2024, VIAIM’s Newly Launched Service Upgrade Provides Added Multilingual Support and Commitment to Environmental Goals, Helping to Shape a More Sustainable Future

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — VIAIM,  an AI technology hardware company deeply rooted in the smart office sector, is marking the inaugural World Cleanup Day 2024, which falls on September 20, with the official launch of a service package upgrade, reinforcing its dedication to both innovation and environmental responsibility.

This upgrade introduces Malay and Thai language support, expanding the total number of supported languages from 11 to 13. With these additions, VIAIM is taking another step towards making seamless cross-cultural communication more accessible, especially for users across Southeast Asia. At the same time, the Company continues to align its operations with sustainability efforts, lowering the usage threshold for customers and offering environmentally friendly solutions that contribute to a greener planet.

As part of VIAIM’s latest service package upgrade, users enjoy enhanced features designed to make their work and daily lives more efficient. These include free transcription and translation time, along with increased access to To-do List and Summary functions, providing customers with more comprehensive functionality at no additional cost.

These upgrades not only reflect the brand’s core philosophy of “user-first”, but also emphasize VIAIM’s commitment to continuously enhancing user experiences. Now, users can manage tasks more effectively, saving time and reducing the need for additional services, making their workflow more streamlined and productive.

Beyond product and service innovations, VIAIM remains committed to its environmental goals, aligning with global best practices in environmental, social, and governance (ESG) initiatives. VIAIM believes that, just as its users seek to improve their daily lives through technology, the company must contribute to a better world for future generations.

VIAIM is fully committed to environmental protection and sustainable development through its use of molded pulp, an environmentally friendly material for packaging while maintaining a laser focus on technology upgrades that reflect its customer-centric philosophy. The company utilizes molded pulp, an eco-friendly packaging material, to minimize environmental impact, while its smart office solutions contributes to a paperless workplace, further reducing waste. This dual focus on customer convenience and sustainability enhances the overall value that VIAIM delivers to its global customer base.

“Innovation serves as a breakthrough in technology and is also a cornerstone of environmental and social responsibility,” said TOM, Product Manager of VIAIM. “With our latest service upgrades, we not only improve the user experience but also make it easier for our customers to participate in sustainable practices. By embracing these advancements, users can contribute to environmental preservation, while enjoying the benefits of advanced cross-language support and smarter office tools. VIAIM’s mission is to bridge technological innovation with social responsibility, inviting our customers to join us in creating a brighter, more sustainable future.”

About VIAIM

VIAIM is an innovative technology company in the consumer-goods sector. With a focus on versatile, multimodal interactions, we strive to provide effective solutions that meet users’ specific needs. By harnessing state-of-the-art technology, we bring our visionary ideals to life, helping people embrace the incredible possibilities the Company offers.

CONTACT:
Qian Wang
wangqian@vision-intelligence.tech

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SOURCE VIAIM

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G42 Collaborates with NVIDIA to Deliver Next-Generation Climate Solutions Using Earth-2

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ABU DHABI, UAE, Sept. 20, 2024 /PRNewswire/ — G42, a leader in AI and cloud computing, today announced that it is partnering with NVIDIA to advance climate technology with a focus on developing AI solutions aimed at dramatically enhancing the accuracy of weather forecasting globally.

The collaboration builds on NVIDIA’s Earth-2, an open platform that accelerates climate and weather predictions with interactive, AI-augmented, high-resolution simulation. G42 and NVIDIA will initially focus on a square-kilometer resolution weather forecasting model that improves the accuracy of meteorological predictions.

Key to this initiative is the establishment of a new operational base and Climate Tech Lab in Abu Dhabi. This state-of-the-art facility will serve as a hub for research and development, driving forward both companies’ commitment to environmental sustainability. This facility will also mobilize the creation of tailored climate and weather solutions that leverage over 100 petabytes of geophysical data assets.

Peng Xiao, Group CEO of G42, said, “This initiative with NVIDIA is a testament to our commitment to applying AI in ways that not only innovate but also solve critical global challenges. Establishing the Earth-2 Climate Tech Lab in Abu Dhabi allows us to leverage our unique capabilities and insights to foster a sustainable future for the world.”

In addition to fostering innovation in climate technology, the initiative will focus on building a robust framework for integrating enhanced weather prediction capabilities with comprehensive data metrics and visualization. This will assist organizations worldwide in achieving their sustainability goals through well-informed, data-driven environmental strategies.

“Our collaboration with G42 marks a pivotal step toward harnessing AI to understand and predict climate phenomena with unprecedented accuracy,” said Jensen Huang, founder and CEO of NVIDIA. “The Earth-2 Climate Tech Lab will propel environmental solutions using the most advanced accelerated computing and AI technology to benefit millions of people around the world.”

By uniting G42’s AI expertise with NVIDIA’s computational acumen, this partnership aims to deliver transformative climate solutions that combine scientific accuracy with real-world applicability, driving impactful change across industries and ecosystems.

About G42

G42 is a technology holding group, a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today.
To know more visit www.g42.ai.

Media contacts
Media and PR Team, G42
media@g42.ai

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Kawasaki and CB&I Sign Strategic Collaborative Agreement for Promoting Commercial-Use Liquefied Hydrogen Supply Chain

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HOUSTON, Sept. 19, 2024 /PRNewswire/ — Kawasaki Heavy Industries, Ltd. (Kawasaki) and CB&I, a wholly owned unrestricted subsidiary of McDermott, announced today their signing of a strategic agreement for promoting a commercial-use liquefied hydrogen (LH2) supply chain and realizing a zero-carbon-emission society. The signing ceremony took place at Gastech Exhibition & Conference in Houston on September 18, 2024.

“We are very pleased for this opportunity to build and launch a commercial liquefied hydrogen supply chain in cooperation with CB&I,” said Motohiko Nishimura, President, Energy Solutions & Marine Engineering Company, Kawasaki Heavy Industries, Ltd. “By taking advantage of both companies’ strengths and specialized know-how, we aim to cost down hydrogen, strengthen hydrogen supply chain competitiveness, and accelerate the transition to a zero-carbon society.”

Both companies will use their specialized know-how to provide infrastructure that will enable commercial-scale international LH2 supply chains in order to help achieve carbon-neutrality. By leveraging our combined expertise to deliver large-scale LH2 infrastructure solutions, CB&I and Kawasaki are removing barriers, driving down costs and enhancing scalability across the entire supply chain.

“This strategic partnership represents a significant advancement in liquid hydrogen storage capabilities,” said Mark Butts, Senior Vice President of CB&I. “Our technical expertise and extensive experience in liquid hydrogen storage position us at the forefront of the energy transition, delivering reliable storage solutions and executing projects worldwide with proven success.”

Under this agreement, the companies will provide infrastructure to advance the global realization of a sustainable energy economy and meet decarbonization targets. This collaboration will reduce LH2 infrastructure costs and contribute to more widespread use of this clean and efficient energy source.

About CB&I
CB&I is the world’s leading designer and builder of storage facilities, tanks, and terminals. With more than 60,000 structures completed throughout its 130-year history, CB&I has the global expertise and strategically located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects. CB&I is a wholly owned unrestricted subsidiary of McDermott. To learn more, visit www.cbi.com.

About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott’s innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott’s locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

About Kawasaki Heavy Industries, Ltd.
Kawasaki Heavy Industries, Ltd. is general engineering manufacturer with over 125 years of experience manufacturing products spanning land, sea and air. Kawasaki established the Kawasaki Group’s new vision statement, “Group Vision 2030: Trustworthy Solutions for the Future,” and is focusing on three fields, “A Safe and Secure Remotely-Connected Society,” “Near-Future Mobility,” and “Energy and Environmental Solutions” in order to provide solutions for social issues. For “Energy and Environmental Solutions” in particular, by securing the technology necessary for the entire supply chain (for production, transportation, storage and utilization) ahead of the rest of the world, Kawasaki aims to bring about a society that utilizes hydrogen, the ultimate clean energy that emits no carbon dioxide when used. To learn more, visit https://global.kawasaki.com/en.

Forward-Looking Statements
McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about the expected benefits from the collaboration agreement discussed in this press release.  Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customers and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott’s management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.

For media inquiries, please use the contact information below:

Reba Reid
Global Media Relations
+1 281 588 5636
RReid@McDermott.com

Kristi Krupala-Grove
CB&I Media Relations
+1 346 313 9636
KKrupala2@mcdermott.com

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SOURCE McDermott International, Ltd

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