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 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.

Market Analysis and Insights: Global Lockout Tagout Equipment Market
The global Lockout Tagout Equipment market was valued at US$ 248.2 in 2020 and will reach US$ 340.2 million by the end of 2027, growing at a CAGR of 5.4% during 2022-2027.

Global Lockout Tagout Equipment Scope and Market Size
The global Lockout Tagout Equipment market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Lockout Tagout Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
Electrical Equipment Lockouts
Valve Lockouts
Others

Segment by Application
Energy and Power
Machinery
Petrochemical
Chemical
Others

The Lockout Tagout Equipment market is analysed and market size information is provided by regions (countries). Segment by Application, the Lockout Tagout Equipment market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
Master Lock
Brady
Panduit
ABUS
Honeywell
Castell
ZING Green Safety Products
Beijing TEHS
Accuform Manufacturing
Value-Tech
Marst