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Global Process Safety Systems Market 2020-2024Speak directly to the analyst to clarify any post sales queries you may have.
The process safety systems market is poised to grow by $ 257.63 mn during 2020-2024 progressing at a CAGR of 2% during the forecast period. The report on process safety systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increase in process automation, improving safety standards and related developments and sustainable risk reduction in hazardous operations. In addition, increase in process automation is anticipated to boost the growth of the market as well.
The process safety systems market analysis includes product segment, end-user segment and geographical landscapes.
The process safety systems market is segmented as below:
By Product
- ESS
- FG
- BMS
- HIPPS
By End-user
- Oil and gas
- Chemical and petrochemical
- Power
- Others
By Geographical Landscapes
- APAC
- Europe
- North America
- MEA
- South America
This study identifies the development of customized safety systems as one of the prime reasons driving the process safety systems market growth during the next few years. Also, the emergence of robotic process automation (RPA) in hazardous operations and adoption of newer safety control systems in retrofit applications will lead to sizable demand in the market.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The process safety systems market covers the following areas:
- Process safety systems market sizing
- Process safety systems market forecast
- Process safety systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading process safety systems market vendors that include ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Johnson Controls International Plc, OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.. Also, the process safety systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.
This market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global process safety systems market: ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Johnson Controls International Plc, OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is development of customized safety systems."
According to the report, one of the major drivers for this market is the increase in process automation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Emerson Electric Co.
- General Electric Co.
- Honeywell International Inc.
- Johnson Controls International Plc
- OMRON Corp.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corp.
